SunTV will fall after this decent run of intraday; Try to grab SunTV at 760 with the stop loss at 749.
Huge gap up happened thanks to Porinju which is quite screwed and now it is back at the decent level from where it can be bought again with a decent stop loss.
Buy Yesbank with a stop loss from the current support. But this is risky considering the current Global turmoil as in it can be catching the falling Knife.
Godrej IND is a strong fundamental company and currently is in the uptrend. Aggreesive People can buy from the current levels with the stop loss and take profit shown in the chart. Conservative People can sell 600 PE which is at 2.4 for netting a profit of 3600 INR in 11 days
Fundamental - ITC is long underdog post the tax implications. But it will increase the product's price and margin will be same. It won't impact the net profits as people are bound to die eating cigarettes. Technical - It is currently at major support line and made two green candles. We can take an aggressive entry here as there is a consolidation on 23.6%...
JP Associates rose suddenly when RJ bought shares but it fell with the Korea Nuke. Currently, it is forming a bullish butterfly. Our first target is already hit and it is in consolidation post that; we are expecting and upside breakout towards the second target.
AC is not in the range of .382 and .886 and hence it is an imperfect Bat Setup. This is an aggressive setup hence! First target is shown in the tradebox; Next target is projected on the fibonacci setup.
Checks 1. XB is less than .618 2. BD is more than 1.618 3. XD is perfect .887 4. AC is between .382 and .886 First stop loss at X Updated trading stop loss at entry First take profit at .618 and second at .382 of AB's retracement.
Our XB leg is more than .618 but it is not a huge deviation and hence it is not a perfect bat setup whilst the rest of the setup is very much conforming with the chart. Our first target and the second target is also mentioned here as per the setup of Scott Carney.
The ABCD setup is extended and not significant. So there may be a rise tomorrow too making it a risk setup . Combined with Elliot wave and chart patterns it looks like it is going to make a Head and Shoulder pattern. One can short Raymond September 860CE at 39.25 or short the futures at 866 (Though it will be called as aggression as the reversal has not been...
Bearish Bat Setup as per discussion. Our first target is attained second target didn't; waiting for re-entry.
Bearish Bat is being formed in the SunTV. Let's wait for the reversal with two consecutive red candles before one short; the trade box on the right may need to shift if the time of completion is longer than expected. Trade setup is invalid till there are two consecutive two red candles. Trade has not triggered yet!
It's just moving in the channel as seen in Andrew's Pitchfork! You can short it for the short term keeping a stop loss but also can wait for a breakout to long it.
Trade has not triggered yet! The setup is not very much conservative as the ratios are quite wild! XB = As long as it is less than .618 we are fine but we prefer it to be .382 to .500. BD = As long as it is more than 1.618 we are fine but we prefer it to be 1.618 to 2.618. This is not much that important. AB=CD pattern is usually extended. We shall talk...
We draw a primary bullish retracement like this picture to find the line where XD (actually it is called retracement of XA) is 0.886 and construct our tradebox (means entry, stop loss and take profit). That green triangle is primary bullish retracement. The tradebox is following Risk:Reward = 1:2. But the best way to put the trade box is to use Fibonacci....
Indigo is at its support! As there is no geo political tension as of now and as today' s crude inventory report suggests of un-changed situation of lower oil prices in longer term which is beneficial for the investor sentiment. Our take profit is at the level of 61.8% based on Fibonacci lines. Tomorrow's theta decay idea is to sell Indigo August 1150 PE at...
SBI has fallen from the top when NIFTY cracked due to the Geo political tension and due recovery cause the tension has been stabilized. RBI Report is bullish for PSUs and SBIN is really a strong bank to fall thanks to the support of Government and dependency from its huge customer base. We can spot a three dive pattern here with Fibonacci legs of 2 and 0.886...
Projecting Capital Finance on its demand zone of 720 levels. It had been consolidation on 680-720 since months and shown a breakout towards 800 some times back. In terms of fundamentals of the industry of NBFC, it is a great buy. CAPF August 700 PE is at 4.8. CAPF September 720 PE is at 22. There is no point of buying CAPF August Futures at the time of expiry...