Looking Good on chart for going long for short term . Disclaimer : Analysis is for study purpose only. take position after due diligence .
Inverted Cup and Handle Pattern is developing in NIFTY 50 ... Long Up trend support Channel which has been built over one year has also been broken. It may show some up move but eventually, NIFTY 50 Looks like heading towards 13600 Levels . Good time to accumulate Blue chip stocks at discounted price !!! Please do due diligence before taking any position. Views...
TATA STEEL is developing a beautiful flag and pole pattern . Metal Sector is one of the sector that is looking strong and is in up trend. high Volume activity is another strong indication for up move . Probability for a good upside can not be ignored . Comments and views are welcomed for peer learning .... Please do due diligence before taking any trade . Cheers!!!
ITC is developing a head and shoulder pattern on the daily chart .... It may convert into a good shorting opportunity . Please Note: Probability for confirmation of trade will increases , if FMCG Index is in Red/ Down trend . Disclaimer !!! Please do due diligence before taking any position .
No fancy Indicators or drawings . My view for Tata Steel for an Intraday trade (15 Apr 21), keeping simple price action for both long and short Intraday strategy. Remember , Nifty Metal is in green and volume is descent for better confirmation and risk/reward. Disclaimer : Please do you due diligence before taking any trade. Happy Trading Guys!!! Views and...
As we all know that Bank Nifty is week. Mantra for this market is ..... Every Bounce is a Sell !!! After analyzing an hour time frame in this case, My bias towards more downfall . Channel range to be watch out for expected very short directional move. Open for view and comments !!!
Cup and Handle Pattern is gradually building up in the Deepak Nitrate Stock Considering Hourly chart for the analysis . Although, Current market sentiments are bearish. Yet, its all about analyzing the current pattern developing and stay in wait and watch state.