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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 stopsNSE:HDFCBANK
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
Watching the 260/270 Zone for price action. Downtrend should slowdown. Bullish Candle will confirm the reversal. Till that Fingers crossed.
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 ...
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 ...
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.
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.
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.
NSE:BHARTIARTL Trading on bearish wedge pattern. RSI Divergence seen in daily chart. Breakout awaited for Buy confirmation. As of now neutral.
NSE:HIMATSEIDE Daily chart. Now trading @ resistance zone & triple top area. Breakout here with good volume n big green candle is awaited for entry.
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.
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.
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
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.
niftyNSE: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.
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) ..
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.
NSE:NIFTY Nifty Spot currently trading @ good support zone. A: 61.8% Retrace of Fibo (Drawn from right to left) B: Gap up level. C: Previously double top level.. So watch how Nifty trades at 180/220 zone. Price action is the key. Not predicting anything here. It should show some hesitancy @ current support level before making its mind.