CURRENTLY IN A CHANNEL AND IS IN A CONSLIDATION PHASE HOPING FOR A BREAKOUT TO THE UPSIDE.
AS WE SEE NIFTY IS POSITIVE TODAY AND IS IN A CHANNEL FOR PAST FEW DAYS NOW ITS EITHER GONNA STAY IN A CHANNEL O BREAK OUT OF IT IF IT DOES BREAKS OUT THEN WE CAN TAKE LONGS ON RETEST OF THE ZONE.
WEDGE PATTERN SPOTTED OF BAJAJFINV BEFORE TAKING ANY TRADE WAIT FOR BREAKOUT TO THE EITHER SIDE SO WE CAN GET PROPER RISK TO REWARD
WE HAD A BREAKOUT OF THE TRENDLINE THEN A GREAT RETEST AND NOW WE ARE EXPECTING A TREND CONTINUTION TO THE UPSIDE
WE HAD A RANGE BOUND SITUATION ON THE GRASIM THEN WE BROKE OUT FEW DAYS AGO NOW WE JUST HAD A RETEST AND CLOSE LOWER I.E A CONSERVATIVE IDEA FOR SHORT.
WE WILL ENTER LONG IF THE HOURLY CANDLE CLOSES ABOVE THE ZONE 983 AND WITH RISK TO REWARD MORE THAN 3:1
DOUBLE BOTTOM SPOTTED ON HOURLY CHART SUGGESTING A LONG IF WE SEE A PRICE REJECTION ON LOWER TIME FRAME
MARUTI IS CURRENTLY IN A RANGE WAITING FOR A BREAKOUT TO THE EITHER SIDE LETS PLAY THE PATIENCE GAME AND WATCH
BEFORE GOING SHORT WAIT FOR THE PRICE TO RETEST THE ZONE SO THAT WE HAVE GREATER RISK TO REWARD
AS WE CAN SEE WE ARE GOING RANGE BOUND NOW THAT OUR PREVIOUS LONG REACHED OUR TARGET WE CAN GO FOR ANOTHER ONE , BUT KEEP IN MIND WAIT FOR HIGHER HIGH ON 15 MIN TIMEFRAME
WE MUST WAIT FOR CLEAR BREAKOUT TO THE DOWNSIDE BEFORE TAKING SHORT POSITIONS.
WAIT FOR CLEAR BREAKOUT TO THE EITHER SIDE BEFORE TAKING ANY POSITION.
RSI DIVERGENCE SPOTTED ON AXIS BANK MOMENTUM IS DYING NEEDS LITTLE BIT OF NIMBU PANI
COAL INDIA IS NOW AT SIGNIFICANT ZONE I.E UPCOMING RESISTANCE AND TRENDLINE REJECTION ZONE FOR LONGS WAIT FOR THE PRICE TO BREAK THE TRENDINE AND FOR SHORTS WAIT FOR RESISTANCE ZONE TO BREAK
NIFTY BEEN OVERBOUGHT FOR FEW DAYS NOW A MINOR CORRECTION MIGHT HAPPEN SO DONT PANIC
WE CAN ENTER LONG BUT RISK TO REWARD WILL BE LITTLE SO WE HAVE TO WAIT FOR CLOSE ABOVE THE TRENDLINE AND WAIT FOR HIGHER HIGH HIGHER CLOSE BEFORE ENTERING LONG TRADE
ITC CAN BE SHORTED AFTER A CLEAN BREAKOUT AND CLOSE BELOW THE TRENDLINE WILL MAKE SURE ABOUT THE WINNING PROBABILITY OF THE TRADE.
KOTAK BANK HAVING NICE CHANNEL FOLLOWING ROUTINE NOW IT NEEDS TO CLOSE OUTSIDE THE CHANNEL SO WE CAN ENTER LONG.