NeelamN

NeelamN

Support @ 34900 Resistance @ 35126 Plan given in chart above Happy Trading !!!

NeelamN Updated 

USDINR not making higher high or lower low range 74.40 to 74.75 Made Short Iron Condor. Sold 74.75 CE & 74.25 PE Bought 75 CE & 74 PE Will exit bear call spread if breaks down or exit bull put spread if breaks up.

NeelamN

Bank Nifty seems to rest for a while, a day or two. Volatile spikes can be expected, but if it fails to breaks support / resistances then no directional trade possible. 3 scenarios explained in the chart. Happy Trading !!!

NeelamN

Reliance seems to be in a channel. Currently in the middle of the channel making a range. Breakout or breakdown of this range will decide whether the uptrend continues from CMP OR it breaks down touched the base before reversing upwards.... What's your analysis or view on this ? Let me know in comments. Happy Trading !!!

NeelamN

Scenario 1 : Continues the Head n Shoulder breakdown (can you spot Head and Shoulder?) to achieve T1 of Head and Shoulder breakdown target & 200 EMA Support. If breaks further, then T2 can be achieved which is a support of 2 hammers printed previously. Scenario 2 : If it does not break and open flat or gapup, it may consolidate here before breaking down....

NeelamN

BankNifty has broken the longterm inclined trendline. Resistance @ 35400 Support @ 34900 It gave double top target today. Expecting it to make a continuation pattern i.e. Flag which means consolidation before breaking down again or up. Flag range as per support & resistance given above.

NeelamN Updated 

Possible Top is formed with Fake Breakout and strong inverted hammer. View : Sideways to Bearish Resistance @ 74.75 Support at 74 Short Straddle 74.75 or 74.5 Strike is possible Or my favourite Bear Call Spread. Sell 74.75 CE and buy 75 CE this must be done on bounce, if we get one for this week's expiry.

NeelamN

Bank NIfty making flag and pole pattern Also, broke out of yesterday's channel. Levels given on chart. Trade Cautiously ! Plan Your Trade and Trade Your Plan ! Happy Trading !!!

NeelamN

BankNifty Showing slow but steady upside movement. Although Banknifty gapped up today and then saw a sharp correction to fill the gap, it also took support at previous day's consolidation level (35000), making a hammer candle, then at the end gave a bullish engulf at the same level as the lower level of the channel. As per this price action, 1st probability is...

NeelamN

Breakout or Breakdown of today's consolidation View : Upside

NeelamN

What a day it was for BankNifty today !!! :) :) :) Big SMilesss on puts for me...after breakdown of support as shown yesterday! Hope you had a great day too !!! Bless You !!! Dow theory ! Yes, Dow theory is not bent yet! Trend is our friend until it bends. Applying Fib retracements from each significant Low, the reversal is coming from a 50% level. So, expecting...

NeelamN

View Bullish Banknifty is forming a flag in the range 35500 and 36000 If Banknifty consolidates in this range, then breakout / breakdown of the flag expected.

NeelamN

Bank Nifty saw a profit booking at the end of the session. View : Cautiously Bullish (due to evening star formation at the end) Support at 35000 / 35200, if Resistance at 35700 / 35800 If breaks, 1st target 36000 View for tomorrow : if it fails to break the top of evening star might see consolidation with no break out or break down. Although, 2nd halfs are more...

NeelamN Updated 

USDINR formed a bearish divergence Carrying a bear call spread for this week's expiry Sold 75 CE and Hedged 72.25 CE, buying it.

NeelamN Updated 

Inverted head and shoulder targets to come in near future

NeelamN Updated 

Stovekraft Daily Timeframe inverted head and shoulder breakout with volume. Buy the dip for 1st target : 685.50

NeelamN Updated 

Route Mobile broke its consolidation phase today Triangle Breakout Pattern seen. Consolidation seen since Feb '21 Almost 3 month consolidation break out.... Target mentioned as per chart pattern Good Short term investment / Buy the dip if you get it !

NeelamN Updated 

Rounding Bottom BreakOut Targets shown in the picture above...