NeelamN

NeelamN

Muthoot Long Term Bet

NeelamN

BankNifty Above 35810, BO possibility, target 36500 Below 35180, BD of possible Head and Shoulder, target 34500

NeelamN

Tata Chemicals showed a consolidation for around 2 months Possibility of a BO above 733 Target given in chart

NeelamN

BankNifty Expiry seems interesting tomorrow. Expecting sideways action for 1st half and second half might show Breakout / Breakdown. For chart pattern, explained in above chart.

NeelamN

USDINR broke out and retested the 72.64 level Also, the retest is fantastic with a big rejection hammer candle (bullish sign) Buy the Dip is the view.... Making flag n pole continuation patterns

NeelamN

USD INR formed a bullish candle today on Daily TF Also, on hourly its changing DOW theory and making higher highs and higher lows... YES ! Uptrend ! Flag n pole structure formed on hourly. Flag breaks go long or else wait for confirmation of breakdown below 72.638 Went long after the morning star today... :) Happy Trading !!!

NeelamN

BankNifty formed a double top with bearish divergence Above 35436 : If price breaks out, then flag n pole setup to be followed and target next resistance - 35750 / 35800 Below 38494 : If price breaks down, then double top confirmed, 1st target 34140, 2nd target 33270 Happy Trading !!!

NeelamN Updated 

IIFL Securities Breakout of Flag (consolidation) after almost 1 year plus. Target width of the flag : 36.20 points Breakout after a period of consolidation always give better returns.

NeelamN Updated 

As mentioned in earlier post of 26 May 2021 Nifty View, I see expiry close to 15200. However, today's price action at resistance zone have given a bullish sign making a small flag, if breaks then may test all time high, else if it breaks the lower inclined trend line, then it may test support level 15200 So, range for this monthly expiry 15200 - 15400

NeelamN Updated 

Nifty formed a bearish flag on hourly timeframe Case 1 : If it opens flat, bearish flag Breaks down, then price may test support @ 15150 / 15000 Case 2 : If gaps down, and recovers in 1st 15 min candle, giving a false breakdown of any of the mentioned support, then may go long. (shorting OTM puts is a good option / Bull Put Spread) Special mention : Max Put...

NeelamN Updated 

Nifty printed a neutral candle on Daily Support is at 15000 - 14950 Zone Resistance is at 15250 - 15330 Zone Case 1 : If it Gaps Up and makes a negative Price action at the resistance, then shorting looks good Case 2 : If Opens flat then wait for Breakout or breakdown candle of today's high and low. Long after Breakout and short after breakdown. Case 3 : If...

NeelamN

BankNifty Broke out of an important resistance 34000 Now it is making flag n pole continuation patterns Support @ 33950 Resistance @ 35100 Strategy : Buy the Dip Happy Trading !!!

NeelamN Updated 

Nifty formed a bearish candle (Timeframe : Daily) today, taking out the low of yesterday's inverted hammer. Also closed below 5 EMA, which signifies caution. However, on a lower timeframe Price has just crossed 50 EMA downwards (Can it be a fake Breakdown of 50 EMA ? Need to watch. ) If price confirms this by trading below 14850 with good volume candle, then...

NeelamN

Nifty has given a flag Breakout Considering this a bullish sign, buy the dip will be my strategy. Keeping it very simple today ! Support is at 15000 Resistance at 15200 Happy Trading !!!

NeelamN

Kennametal seems to be broken out of the cup which it was forming since its inception... After almost 18 months of consolidation (after Oct 2019), Price has broken out. Very Good Opportunity for short term investors.

NeelamN

AutoAxles Cup formation Breakout with volume today Buy the Dip Stock

NeelamN

USDINR was in a downtrend with Lower highs and Lower Lows However, today it formed a hammer at the bottom in daily time frame, which could be a bullish reversal sign Also, in hourly time frame we can see, it is changing its DOW theory. If it breaks the bullish flag, more upside possible. 1st target 73.32 / 73.40 else I will wait for bearish bet below 73. till then...

NeelamN

Nifty consolidated before expiry today As per option chain, calls are written more than puts Support stands at 15000 whereas resistance is 15200 Gap may act as strong support and also if price tries to break today's high with good volume candle, then shorts may get trapped and short covering rally may be expected.