Power Grid: The stock was initially suggested at 210 levels itself. The stock after a brief consolidation has formed Cup& Saucer pattern in hourly chart. As per the pattern if it holds at 280 levels likely to test 290-300 band(For educational purpose only)
BANK NIFTY:Showing great momentum,Positive DEMA -Golden crossover in hrly chart suggests possibility for a 500 point rally towards 48000,if it manages to hold 47250-300 levels seems rally is on .i will be a buyer too on dips towards 47100(for educational purpose only)
GIFT NIFTY: Positive 10 DEMA Crossover and rounding pattern formation in hourly chart indicates a possible move toward 2180-22000-if manages to hold 21123 (For educational purpose only)
ICICI: One of the leading BNIFTY contributor is showing signs of a possible reversal. Positive 10DEMA Crossover in hrly chart indicates signs of trend reversal.If it manages to hold at 1090 expect a move towards 110+(For educational purpose only)
GIFT NIFTY:Rounding bottom pattern and DEMA Crossover in 30 Min suggests if it holds above 20975 shall expect a move towards 22000-22050 and a gap up i NIFTY by tomorrow.lets see what unfolds today(For educational purpose only)
I have been following the simple technique of Daily EMA Crossover for my long & short trades-especially for Trading NIFTY& BANK NIFTY -Choose 15 Min Timeline -Plot 4EMA viz 10/20/50/100 -Initiate long Trade when 10DEMA decisively crosses above all other DEMA Viz 20/50/100-which is known as Golden cross over -Similarly initiate short trades while the 10DEMA cuts...
NIFTY: Witnessing sell on rise and trapped between its major resistance of 22150-22200 and support of 21900. NIFTYs direction is likely to be based on these levels.breaching below 21900 on a closing basis likely to shed another 300-500 points ,whereas close above 22150-22200 where all its critical DEMA lies would renew the rally. i personally carry a negative bias...
BANK NIFTY: Has already breached all its critical DEMAs and has only its 200DEMA which falls at around 46100 and is acting as the major support. Expect sell on rally till it holds above 47000 comfortably and on a closing basis.On the contrary BNIFTY giving a close below 46000 expect a sharp fall extending to 45500/45000 and below.*(For edicational purpose only)
NIFTY : Struggling around 22000 to hold it. NIFTY has formed Triple Top which is a bearish pattern.strictly going by the pattern for the neckline breakdown at around 21900 its likely to drift towards 21500-21000. NIFTY drifting below 21900 on closing basis expect more selling pressure to come to take it towards 21500-21000 levels. The pattern will get negated if...
BNIFTY: Worst beaten index may attempt a pull back towards 48750-800 if it manages to hold above 46550 on 15min basis ,based on trend line resistance levels /15 min basis(For educational purpose only)
NIFTY: A s per hourly chart ,NIFTY has formed a Triple Top which is a bearish paattern. As per the pattern it shows a downward Target of 22200/22000 and drifting to 21800 zone again. The pattern is likely to get negated if NIFTY manages to give a close above 22400(For educational purpose only)
NIFTY:After a oneway rally struggling to breach 22400+ levels .for me any bounce back from 22250 will be a buy and sell on breaching 22250 atleast on a 15Min /30Min chart basis.(For educational purpose only)
BNIFTY:Seems consolidating in a narrow range and has formed a flag pattern in the process.my positional view and target based on the flag pattern is 48000+(Only for educational purpose only)Till 4700 i will be a buyer on dips
Bodal Chemicals: formed CUP& Saucer pattern n weekly chart,Positive DEMA golden Crossover in weekly chart alongwith RSI placed at above 50 in weekly chart suggests a move towards 100-110(for educational purpose only)
IEX :Positive DEMA Crossover in daily chart with surge n volume suggests a move towards 160+(For educational purpose only)
BNIFTY: Has breached critical 20/50/100 DEMA .Its important for BNIFTY to close above 46500 or otherwise below 46100 on closing basis likely to trigger more fall towards 45500.trade cautiously.Hrly BNIFTY chart shows inverted flag pattern.it has to stay above 46300 to negate the pattern(For educational purpose only)
VETO: Formation of C& Saucer pattern in weekly chart with reasonable volume,trading above its all DEMAS,positive DEMA crossover suggests a move towards 150-160+(For educational purpose only)
BEL:10DEMA Positive golden cross over against higher DEMs in Hrly chart suggests resistance line breakout at 185 levels for a move towards 190 followed by 195(For educational purpose only)