Niftymovers

Niftymovers

1: HDFC Bank Monthly, Price making Higher high 2: RSI Making Higher low 3: Safe until stock breaks 8 EMA (Not in this pic) on Monthly closing basis. Short term investors can tighten their trailing stops NSE:HDFCBANK

Niftymovers

1: HDFC Bank Monthly, Price making higher high 2: RSI hitting Making lows 3: Safe until stock breaks 8 EMA (Not in the pic) on Monthly closing basis. Short term investors can tighten their trailing stops

Niftymovers

Watching the 260/270 Zone for price action. Downtrend should slowdown. Bullish Candle will confirm the reversal. Till that Fingers crossed.

Niftymovers Updated 

NYMEX:CL1! Monthly Chart: ABCD Pattern on process. (D wave in making). T arget is $72 by mid June 2018. Also it is in safe buy zone = above $50. ( Trading above 0.618 of Fibo retrace of B to C wave). below $41 pattern gets nulled. Do Not to trade.

09:50

Niftymovers

NSE:AVANTIFEED Stock falling sharply. If we see Monthly/ Yearly Pivotal confluence zones, It is somewhere around 1050 Zone. BUt if we take Fibo levels, If stock bounces from 0.618 zone i.e 1450 area, Safe buy would be above 2350 as per AB=CD Fibo theory. Also see how stock found Resistance near Fibo Yearly Pivotal R1 zone. Also 1 always gets the clue. In this...

08:27

Niftymovers

NSE:AVANTIFEED If we look @ the monthly chart & apply Fibonacci, Now stock is nearing 0.618 Golden ratio. (1440 zone). So 1 need to watch how this stock behaves @ this level. Given if & only if stock bounces from this important golden ratio zone one can expect stock to reach 4000 in 300+ days or even 4400 (161.8% of Fibonacci extension). But plz do note that just...

03:31

Niftymovers

NSE:LICHSGFIN Daily chart. RSI default making lower highs while price hitting lower lows, So this is actually a good RSI Classical Positive divergence. Stock might see an uptrend above 490. Stops would be below recent low (460) on daily candle closing basis.

06:27

Niftymovers

BSE:LICHSGFIN LIC Hsng Fin, Fell from 161.8% of Fibo Extension & Now holding C zone also 2015/16 Support zone. Some demand is seen at this level (Nice bullish candle). Outlook will be bullish with recent low (460) as stop.

Niftymovers

NSE:TATAMOTORS Classical positive divergence seen. if demand is seen (green candle) 1 can long with stop loss below recent low 280 on daily candle closing basis. Target 1:2 risk reward ratio.

Niftymovers

NSE:BHARTIARTL Trading on bearish wedge pattern. RSI Divergence seen in daily chart. Breakout awaited for Buy confirmation. As of now neutral.

Niftymovers

NSE:HIMATSEIDE Daily chart. Now trading @ resistance zone & triple top area. Breakout here with good volume n big green candle is awaited for entry.

Niftymovers

NSE:TATAMOTORS Daily chart. A to B leg extended beyond 0.618% (Golden ratio) n retrace to 0.786%. Not a perfect ABCD pattern. But one can watch once if it crosses 440 levels. for the target of 500.

Niftymovers

NSE:NBCC Daily Chart. 0.5% Retrace done from Higher low. Once crosses 270 zone one can buy with target of 340. Marked the resistance zone with red box (270 area). Stops below 230 once trade triggers.

Niftymovers

facing resistance at "B" Zone of ABCD pattern (960). Probable double top . Day before made shooting star candle, Not a strong 1 though. Staying neutral. BSE:RELIANCE

Niftymovers

BSE:RELIANCE Reliance facing resistance at "B" Zone of ABCD pattern (960). Probable double top. Day before made shooting star candle, Not a strong 1 though. Staying neutral.

Niftymovers

nifty NSE:NIFTY Daily level: Now at Support level . 10100. This level should hold. Next support seems to be @ 9700/9740 Zone. Staying neutral as of now.

Niftymovers

NSE:BPCL Daily chart. C wave seems to be touching 61.8% Retrace of Fibo. If green candle at this level & stock crosses above 530 on daily candle closing basis it may touch 580 by December 10. Stop below C level = 490. Go long only if long bullish candle at this level. If C level breaks, Trade level becomes invalidated. (bcz 78.6% retrace is not trustworthy) ..

Niftymovers

NSE:ULTRACEMCO Weekly Chart. AB=CD in process. Stock above safe buy zone. But seeing the previous wave this trade seems risky. Enter with small quantity. Stop loss below C zone (3783). Target D level = 5200+ By end of Feb 2018.