Forming Ascending Triangle, MACD crossover above "Zero" Line. Wait and enter on breakout
There were two trend lines Red (From 30th June Low) broken on 03/08/2017 which shown weakness how ever Blue (18th July Low) line have given some support for Bounce, and the same was broken today 08th Aug. This indicates further weakness in the index. See the Fibonacci levels on chart aswell Refer the below one where the levels are matching well. In Larger Trend...
I am wondering what made me to go for long in this script. Failed repeatedly from 300 levels. But i made everything in one at 244-245 levels. So here is an another try. 15 min candle may cloed higher but EOD is below this line. SO trade will be active only above 242.5. It may push hard to break 244 from downside but its tough to break. Trade with limited qty on...
Infy will the channel break? Yes breaking the channel will be a false break. So don't hurry in buying wait for reversal and aggressive entry near channel bottom @ 974 or safe traders after trend line break near 979 Stoploss 971.5 Target 993, 999 I am not intrested in channel break NiftyIT
Short Below 1171 for 1166 and 1158 Upside 1181 should hold. Can you see triangle inside channel. If yes then take this trade otherwise it can break the channel upside for long aswell. trade with care.
Barodas Bank dont want to leak from Triangle but overall Bank looks week. Sell for 161.75. Play safe till 163.5. Not much to loose here. My short is only for First target, There is a possibility for ascending triangle. A further Buy can be initiated after a reversal on trendline
Huge Qty traded in Wockhardt Buy above 590 on trend line Break. Maintain 582 as safe hold for 600 605 target.
Its RBI day so trade with care ICICIBANK - "Hum Hai na..."
Hope Chart is clear. Follow the levels in chart
Symmetrical Triangle Formation have been observed in GAIL. Buy Above 387 for the Targets of 392 397 404 413. Sell Above 372 for the Targets of 368 364 355 348. Stoploss for both Buy and sell 378. You can not follow waves in my chart. If breakout then its breakout. Follow the levels. if Stoploss Hit exit.
Sell Jublfod for 1171 target. CMP 1300 Stoploss 1340
Trendline break will take LT to New highs. Enter above 1200 for the target of 1240. Downside 1186 should hold. Somehow I'm not interested in channel breakdown.
Enter Infy above 1009 for 1021 and 1037 targets Stoploss 997. If you see the earlier times, First time retracted from 23.6% then from 50% so if the Flag broken the it will be from 61.8%.
Buy above 794 for 820 Target Downside 785 should hold. Below 768 its completing Descending triangle I'm hoping that 768 will not break.
Ready for another Divergence Trade. But this time not for short, Get long near to 24970 levels. And also 50MA worked verywell.
Ascending Triangle in HDFCBANK. Buy above 1786 Stop 1772 Target 1800 1822 Trade with Care
In smaller Time frame Trendline have been Broken. Buy Above 722.25 Target 730 Stoploss 714.5 Risk:Reward 1:1 Remember Above 730 it will touch 742 for Swing.