We will wait & watch ... Happy Monday :)
Technical Aspects : YesBank - Bearish Bat AxisBank - Channel Breakout ( will fail & range again, just My opinion ) SBI - Bearish Cypher So as of now our technical aspects point downside... Fundamental : Not literally fundamental view, based on macro news, YesBank - Lesser NPA than Axis & better next to HDFC AxisBank - High NPA among privates SBI - Banks...
Cypher to decipher in SBI, if you aren't harmonic trader try other trade setups in same zone & its completely fine when you make mistakes, while you are trying to learn harmonics :) Happy Trading !
Hey Guys, Just exploring various tool Tradingview offers, I searched for few charts for good pivot break but Our Lucky Charm TataSteel will leave Us ??? Ha ha Never... It's Love story forever with Tatasteel ! So Exploration starts with Tatasteel... This is the one I got with Good Pivot Break & Macd can be considered for additional confirmation. Note : Not My...
There is nothing to get confused here , just waiting for simple breakout in Godrej Industries. Happy Friday !
480's expected on Bullish breakout, can be extended ranging in BPCL if that happens re-align the pattern :)
The longer bulls survive & cheer in Nifty the scenario is gets worse day by day, its not something that reversal will happen 2mrw or next week but it's bad for Market participants. These are days where you need to keep an eye on your portfolio even if its long term ( when bear strikes, re-align & cut down some loss ) , till that time watch your positions burning...
When things are too simple, we try to complicate... Happy Trading !
Nope, definitely we are not crying for those missed opportunities. This can be classic lesson for all of Us, we knew Nifty will reach 9900's zone earlier itself but what happened from Monday ? We never got valid setup for Entry though we are absolutely right on direction. Monday - Technical Glitch & 100 points Up Tuesday - Bit of range then closed near pullback...
This is one of those charts loaded with most of things we use. Just take a look above on Cholafin chart, You can see *Double Top on Hourly & 4 Hour + *Potential Harmonic Pattern + *Strong 4 Hour Resistance zone + * Triangle Pattern ( probably yet to complete fully) with expected breakout to downside as we have resistance above. i ) I feel price will get back...
In Past 3 years from 2014, LT has tested this 1800's zone 4 times & went down everytime. Now it is back again testing the same zone, though we have wiggling room of 150 points in the upside, the resistance zone seems pretty strong. History repeats but for 5th time it will retrace after hitting the resistance zone or not ? Only LT can answer, but we have reasons to...
Another chapter in TataSteel Love Story :) Let's keep aside Tatasteel for a moment. Consider this as some very random chart of unknown scrip X, we have perfect ABCD pattern finish & even if you do with Fibs there will be very good fib formations around our expected reversal zone, RSI being oversold another reason in kitty. Usually to take a trade we look at...
Simple consolidation breakout, the breakout is on right now, once its confirmed , Check with your plan & take trade positions in DHFL Note : If you have doubts on, if we reverse our trade on false breakout, why we need to take that unnecessary loss on one side ? Well, we have tried here in tradingview itself manytimes, that reversing on false break covers the...
Simplest trade setup, Double Bottom & RSI divergence so logically upside.
After a day full of technical glitches, I hope we resume normal trading from today. There can be several theories for the glitch & we can make many post out of it but for time being lets look at result oriented task. When scrips, which showed volatility are ok to trade again ? This was the most frequent question I got yesterday. Intra Guys, never worry. Nothing...
If you go n check on larger time frame TaMo is on very good support & with Bullish Bat patter completion around the support zone. So, its ideal for us to expect a move towards 450's zone. But if you notice keenly, risk-reward will be skewed on this particular setup as we had gapup open today in Tata motors, so if you wanna tackle that comfortably Go down on 1 hr...
Nifty is in upbeat mood ? Well, until 9700's high crossed nothing for sure. There are two chances we are waiting for : i) 9680's & Upside ii) 9630's - 9600's zone upside Why I shortened all descriptions ? Just getting info's from My contacts : There is market wide order issues, Equity Feed issues with all brokers , which I checked, So stay away. For Me,...