Bravetotrade

Bravetotrade Mod Updated 

Bank Nifty retested the support area twice and bounced nicely. You can try long. SL 23430 T1 23680-23690 T2 23830-23840 # Wait for better entry point if you already missed the trade. Read my previous post on how to play pullbacks for better understanding Never risk more than 1-2% of your capital on a single trade. Thanks.

Bravetotrade Mod Updated 

As can be observed that the stock has been bouncing from supports and retracing back from resistance. Currently it is at resistance levels. Those who were interested in support resistance play sold at resistance this time also. It would be interesting to see how stock behaves near the "Quarter Moon" Support levels.

Bravetotrade Mod

In my earlier post I demonstrated a scenario on 'how to play pullbacks'. As of now, I don't see the strength the way I wished it would be at 23460 levels. It is just holding that level. Which hints that there may be more downside left. Only the opening tomorrow will unfold the future. As of now we can only plan. If tomorrow Index opens with a gap (50-100 pts....

Bravetotrade Mod Updated 

We know that BankNifty is in uptrend so pullbacks are like buying opportunity. But where to buy in pullbacks. Here is one possible scenario. There might be an ABC type pullback which takes it below an important swing low. Many stop would have hit here so price may fall sharply. If you notice a sharp pull back from here, it would be sign of strength. Means buyer...

Bravetotrade Mod Updated 

Refer my previous post to understand the broader chart and basic structure of the market. The hourly chart reminds me of a famous quote -- History never says Goodbye, It says see you later. Whenever Nifty breaks above previous top/peak, the price lately retraces back to the breakout level (notice this behavior ever since the index has been gyrating in...

Bravetotrade Mod

The Index broke out of a triangle pattern and obeyed the bullish ritual of retesting and holding the price above the ceiling of triangle. The potential target could be approx. 23836. Till expiry?? May be..or may be sooner than that..only time will tell.

Bravetotrade Mod Updated 

As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames. I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is...

Bravetotrade Mod

Aurobindo is showing Rupees 8 on charts as on 2008 and Rupees 890 as on Dec2015.. What a massive bull run. After that it retraced to 580 in Feb2016 and rallied back to 890 in Oct2016. It made a decent double top formation and then retraced down to 502 in May2017. This level is quite near the 50% retracement of the whole bull run since 2008. At this level the...

Bravetotrade Mod

There are three main channels being highlighted in the chart. A Primary Channel and two sub-channels. The index movement between the Channel boundaries and middle line should be carefully noticed for future reference. As the market is now oscillating in Sub Channel 2, let us discuss some price action in here and possible future trends. The Index made a new high of...