NileshChavan

NileshChavan

Reasons for trade- 1: Risk Reward 1:3 and 1:5 2. Price broke major consolidation level of 130.60 after 8 days and now returning towards that level 3.Price has created lower high and lower low on 4 hour chart which is confirming downtrend for upcoming days 4.Price closed below major daily support of 131.700 5. Prerequisite for trade is bearish candlestick pattern...

NileshChavan

Reasons For Trade- 1: Risk Reward 1:3 2.4 Hr chart shows buyers strength 3.daily chart has taken support on trend line created from march 4. price created good base on 1 hr chart for upward movement 5. Price has good support on 20+50+200 days Moving average around 700 6.Fundamentally Strong company so buy on dips recommended for positional

NileshChavan Updated 

1.Daily and Weekly Trend is Up 2.Price is coming to fill the gap area 3.50% fibbo at 420 Levels 4.horizontal support at 418 levels. 5.Risk Reward is 1:4 Buy at 422 Stoploss 414 Target 450-460 Timeframe 15-20 days

NileshChavan

1.Maruti has broken the important resistance of 6500 2.Retested the 6500 level after break 3.Bullish flag pattern is formed on 4 Hour chart 4.HH and HL pattern on daily chart 5.Price closed above 200 EMA on daily Chart 6. Risk Reward is 1:2 Buy at 6790-6750 Stoploss 6470 Target 7400

NileshChavan Updated 

1.After a sharp fall from 832 levels nifty has tested the 754 levels. 2.after a pullback at 61.8% levels again downside is possible 3.price has resistance of 200 EMA at 800 levels 4.Price has resistance of horizontal line at 800 levels. 5.Risk Reward is more than 1:2.5 Sell at 795-800 levels Stoploss 821 Target 750-730

NileshChavan Updated 

1. Broken the wedge pattern and retested on daily chart 2.Flag Pattern is formed on 4 Hour chart 3.Weekly chart has formed inside pin Bar which is sign of trend continuation 4.Risk Reward 1:2 Buy at 252-253 Stoploss 248 Target 265-270

NileshChavan Updated 

Reasons For Trade- 1.Price has Broken 4 Hour channel 2. Price is Retesting the important resistance of 1075 wich was support earlier 3.Daily Trend is Down 4.Risk Reward 1:2 Sell at 1070-1075 Stoploss 1093 Target 1010 (Intraday- Sell at 1070 Stoploss 1093 Target 1030)

NileshChavan

Reasons For Trade- 1> Wipro daily and Weekly In downtrend 2.Price closes below daily important support of 253 3.256 is strong resistance of horizontal line and 200 EMA 4.Price about to break channel support 5. Risk Reward 1:2 Intraday Sell below 245 Stoploss 251 Target 235 Positional- Sell at 253 Stoploss 262 Target 230 (or Sell below 245 Stoploss 251)

NileshChavan

Reasons for Trade- 1- Rising gold prices is big concern for titan 2.Daily and weekly trend down 3.Flag or channel breakout possible 4. Risk Reward 1:2 Sell below 1030 Stoploss 1046 Target 1000-980

NileshChavan Updated 

Sell At 71.4725 Stoplss 72.900 Target 70 Reasons for Trade-1.Price formed bearish candlstick pattern near daily resistance 2.Daily Trend is down 3.Price reacted from important fibo level of 61.8% 4.Risk Reward 1;2

NileshChavan Updated 

Channel Breakout Trading-Break and Retest Support 1.Price broke the Parallel channel on 45 Minute Chart 2. Daily trend is down 3.Price has resisted from daily channel resistance 4.Price has next support 335 5. Risk Reward 1:3 Sell at 358-360 Stoploss 371 Target 340-335

NileshChavan Updated 

Hero Moto can go more down as market is also indication more downside. Reasons For Trade-1.Descending Triangle pattern formed on Hourly Chart 2. Price has resisted from trendline Resistance 3.Bearish candlstick pattern formed on daily chart 4.Rounding top forming on 4 Hour chart. 5.Price once breaked support of 2530 which is weak now. 6. Risk Reward-1:2 Sell below...

NileshChavan

Axis can go further down Reasons for trade- 1. Axis is downtrend on daily as well as weekly chart 2.Support is formed at 640 on 4 hour chart 3.Price approaching towards the 2013 trendline 4.Rounding top patter is getting completed on daily chart 5.Risk Reward 1:2 Sell below 640 Stoploss 676 Target 600 Intraday 585 Positional

NileshChavan

Sell below 240 Stoploss 252 Target 215 Reasons for trade-1. Daily trend is down 2. Price has broken important support of 255 and retested once 3.Multiple candles near 240 levels. 4.On 4 hour chart price has taken resistance near 250 levels. 5. Risk Reward 1:2

NileshChavan Updated 

Sell Below 2540 Stoploss 2570 Target 2490-2450 Or Sell near 2580 Stoploss 2610 Target 2500-2450 Reasons for trade- 1.Price in near to channel resistance 2.Price formed bearish candlstick pattern on daily chart 3.Multiple time support touched at 2540 levels 4.Risk Reward 1:2

NileshChavan Updated 

Buy if price close above 1450 today Stoploss 1480 Target 1520 or any Reasons For Trade-1.Price has broken the support 1450 and recoverd easily near to level 2. Stoploss hunting was done by institutional traders 3.Pin bar formed near 200 Days EMA on 4 hour chart 4.Close above 1450 will expose higher side 5.Risk Reward 1:2 6.Trade with 1% risk of your capital

NileshChavan Updated 

Sell below 2450 Tragte 2496 Stoploss 2580 Reasons For trade-1.Price has formed strong bearish candlstick pattern on daily chart 2.2450 important support on 4 hour chart and tested multiple times 3.Risk Reward 1:1.5

NileshChavan

Nifty Buy Above 11142 Stoploss 11095 Target 11230-11300 Reasons for trade-1.Price near to important resistance of 11127 2.Price has formed strong candlestick pattern on weekly chart 3.On daily chart price has formed HH and LH pattern 4. Risk Reward 1:1.5