NeelamN

NeelamN

Cup or a rounding bottom structure made by this scrip good volume breakout then flag continuation pattern breakout. Potential to give all 3 Targets and beyond in atleast a year. Happy Investing !!!

NeelamN Updated 

Triangle pattern observed Target 1 - Previous high

NeelamN Updated 

USDINR has broken out of range after about 20 days. Good Volume candle Chart pattern - Triangle Break out Bull put Spread strategy for next few weeks...

NeelamN Updated 

Tata Motors showing false breakdown at important support level, price has closed above the support with bullish divergence in RSI. If it breaks out of the inclined trend line, then may give short term long target as mentioned in the chart. Bull Put Spread will be a good bet here. Buy 1 OTM Put option (leg 1) Sell 1 ITM Put option (leg 2) When you do this ensure...

NeelamN

Bank Nifty risen today after a good correction making a hammer ( open and close almost same, if high=open=close then it would have made a nice dragon fly doji ) Now closing is almost at the resistance, so there are 3 cases as follows : Case 1 : If opens flat, makes a bearish candle on 15 mins, then sell on any small pullback if u get is my view. Case 2 : If...

NeelamN

Hello Guys! Hope you had enjoyed the festive season... I enjoyed a lot... with Ganpati Bappa and Gauri Mata's Ashirwaad... May God shower blessings on all of us... Sorry ! As I did not post anything for a while... This week's USDINR view is as follows : USDINR was sideways for quiet sometime, consolidating in a triangle pattern. It broke upwards today and I...

NeelamN

Banknifty rejected 37000 level today given a fake BO. Now Head and Shoulder bearish pattern seen if breaks neckline 36450, then a bearish target till 35910 maybe a possibility In case we get a gap up, then again sell off is also a possibility. Only if Resistance of 37000 breaks, then flag BO pattern may give 37500 Plan your trade and Trade your Plan !!! Happy...

NeelamN

Nifty View explained in chart... It made a consolidation flag, slow and steadily moving upside. Conditions and patterns to be seen for decision making given in chart. Trade what you see and is fitting in the plan you made. Happy Trading !!!

NeelamN Updated 

Bank NIfty range bound expiry today... Levels given to trade for tomorrow in chart. Long is my personal bias but keeping contra possibility of breakdown open. Will see price action tomorrow in first 15 min. Happy Trading !!!

NeelamN Updated 

USDINR in a downtrend channel still as published previously. Now it is also showing Head and Shoulder pattern if breaks the neckline will give good targets similar to the length from top of head to neckline. If it fails to break down, then sideways view continued till it breaks upside. Will look for price action tomorrow and take position of bear call spread if...

NeelamN

Nifty traded in a narrow range Tomorrow also, if breaks out / breaks down look for bullish / bearish action at the important levels marked on chart to trade accordingly. Happy Trading !!!

NeelamN

Banknifty has rallied almost 1000 points from low today. Support & Resistance marked, if broken down or up may have another good trade. Or may rest tomorrow before continuing... (I would prefer this as it might give good expiry trade on thursday if it rests eating premium tomorrow) Happy Trading !!!

NeelamN

Banknifty showing similar movement as last expiry... Sellers day again for maximum time tomorrow. No clear breakout or breakdown for option buyers... Enjoy Selling !!! Happy Trading !!!

NeelamN

Banknifty was rangebound today. Range 36000 - 36200 Breakout or Breakdown of these levels may give good targets. Targets can be immediate supports (35530 / 35317) and resistances ( 36500 / 36600).

NeelamN

Nifty has broken inclined trend line and made a double top , breakdown of the support may give targets till immediate support at gap. If it breaks above the all time high then sky is the limit... Trade with hedge for upside. Happy Trading !!!

NeelamN

Bank nifty price has travelled almost 61.8% of recent dip, although did not cross 36000 (sign of caution) It has made a bearish flag like pattern, if breaks down, bearish targets. (levels given in chart) Also, Price has given a good volume bullish candle on 15 min chart. Chart Pattern seen is inverted head and Shoulder, breakout and retest given, although...

NeelamN Updated 

USDINR finally printed an Evening Star kind of pattern, taking resistance of a downtrend channel. Not in any trade this week as I was not very clear with my view. Now, will take the trade tomorrow, based on price action, will try to execute bear call spread and will try to sell on a bounce if I get one.

NeelamN Updated 

Gold is showing a change in DOW theory Made a Lower High, so, expecting a Lower Low Chart pattern seen is Head and Shoulder, if breaks neckline then good short. Target marked in the chart above.