M&MFin has formed a Doji just before the closing and an inside candle. This is a sign of either trend reversal or a brief halt at trend continuation, but gives us a good trade idea with good Risk/Reward Ratio. To take the advantage of the opening momentum in this stock, Buy above 208.25 and Short below 198.75 with 204 as Stop Loss either side. Either trail your...
This is for educational purpose only. This is an excellent example of how support and resistance level works. When a support is broken, it starts to act like resistance and when the resistance is broken, it then starts to act like support. Here we can see the same level working as support and resistance both repeatedly and consistently.
Clariant Chemicals has a clear Breakout and may be ready for a ride after a small consolidation after a fall. Buy Clariant Chemical between 390-400 with SL 370 for targets T1:450 and T2:475. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do...
Today Nifty breaks its previous high of 10300 and closed above it. Now its previous higher level of 9800 becomes its strong support and Nifty seems to be strong for this swing rally with its previous resistance of 10280-300 as support zone. Now Ganns cycle of 9610-10250-10890 is active and soon we may see Nifty touching Gann's levels of 10890-11K in coming days....
This is monthly chart of Nifty since its inception in 1990. First wave that started in 2002 lasted till 2007, took 5 years to complete followed by one and half or two years for wave 2 to complete and then third and most powerful and longest wave started in 2009 is completed almost in April 2020 followed by a sharp retracement upto approximately 7500 and we are...