On weekly charts, Nifty was not able to give a proper candle close above 17900 levels on last three rejections but able sustained above it this week with a strong candle close. It has also given a breakout on trendline or channel type of pattern which is respected for long time.
Can initiate a Trade for upside when 18150 levels is taken out in 15min charts with...
Bank nifty is in range from last two weeks. Its most to be break upside and can be directional till 42000 levels.
Can initiate a trade for upside after it starts to trade above 41550-600. Immediate target for upside will be 42000 levels.
It is preferred to trade with full quantity for upside as it favors the trend.
For Downside, 41000 levels need to broken...
Stock has never broken this zone since 3-4 years.
We can only go long on positional basis after a weekly candle close above 830.
Also, Stock can face resistance from this level. In this scenario, We can go short on this after a daily negative candle as RR ratio will be more favorable.
Our Major Indices is forming a bull Flag kind of structure on hourly TF.
Can go Long after breakout or retest .
It is advisable to have a strict SL as there is pattern in hourly TF not on Higher TF. Also, Retest is also pending after a breakout of 16400 levels(nifty). This pattern may continue till that level.
After a Trendline Breakout and retest, Seems like it is ready for a up move.
Since market is not giving a clear direction, it is preferred to have a strict SL of 1430.
Target for this trade are 1515(RR 1:1.8).
Target and SL are small because Nifty is consolidating in a range from last 4 trading sessions also facing resistance at 200EMA(daily TF).
The Stock has given a breakout from a falling wedge kind of pattern and also formed a bottom in higher timeframes.
Can be Brought At CMP from targets of 1670(Swings) and 1740(Positional Basis).
Fundamentally, Stock is very strong could be a nice time for investing (Short to medium term).
ICICIBANK has given a breakout from a symmetrical triangle pattern in weekly chart.
Can be brought at CMP and hold it for short term .
Fundamentally, Stock is also nice and good time for investing also.
Nifty currently seems like forming a Bull Flag kind of pattern.
We can initiate a entry after a candle close over 15800 levels on atleast hourly chart.
Targets can be round levels of 15900(intraday) 16000 and 16200(swings).
Market Seems like bullish after nifty sustains above 15900 level but for short timeframes.
Overall market is still bearish on weekly and...
BUY/SHORT on breakout or breakdown .
It would a long swing or positional trade if it breaks the long term resistance trendline.
Also, rejection is possible so wait for proper retest and 1 or 2 daily candle close for a conclusion for Buying or selling .
Banknifty has given breakdown from rough Head and Shoulders Pattern and moving in a same range
Can be a good trade if breaks the range downside .
SGXNIFTY is also indicating a gapdown opening .
We can initiate a trade after a pullback.