Nkrish1983

Nkrish1983

Daily resistance level is broken. Look out for Volume to make buy decision at 740

Nkrish1983

Awaiting volume confirmation to buy CMP - 2650 TGT1 - 3200, TGT2 - 3650, SL - 2326

Nkrish1983

SAIL has been consolidating for sometime and awaiting a Breakout / Breakdown opportunity. With current bullish trend, we expect this to go long. However there is huge resistance at Call option 130 ( high Open Interest) . hence shared both Buy and sell opportunity.

Nkrish1983

The Breakout can be confirmed beyond - 6750

Nkrish1983

Reliance - Flag pattern breakout a) Flag pattern Fib retracement was until 0.382 ( Price 1850) b) Break out at Price - 2220 c) Again using Fib retracement the price can reach until 1.618 level (Price 2700 )

Nkrish1983

ITC - Break out possible at 235. - Need to check the volume during the breakout Update - TGT1 - 253. PS: Sharing for my learning and conviction on my trade.

Nkrish1983

JSWSTEEL - has flag pattern and has potential for bullish trend. My Trade ideas to either buy in breakout or buy at retracement depending on 06/02 chart movement Breakout trade idea holds good only for 06/02. Else the level will change. Retracement holds good for longer period. Note - Sharing ideas for my knowledge and evaluating my conviction

Nkrish1983

Hindalco break out can be considered beyond 400. - Need to check for Volume and high delivery quantity - Option call 400 CE has high Open interest. - 400 will be high resistance area Once crosses 400, the price can go up 4-5% ( 16-20 points) for short covering. Note- Idea shared for my personal learning .

Nkrish1983

Hindalco break out can be considered beyond 400. - Need to check for Volume and high delivery quantity - Option call 400 CE has high Open interest. - 400 will be high resistance area Once crosses 400, the price can go up 4-5% ( 16-20 points) for short covering.

Nkrish1983

Bhartiartl broke the trendline. - The next resistance point is in sync with the Fib retracement . My analysis - Bullish for short term.

Nkrish1983

NIFTY came out of consolidation phase. As per the Fibonacci retracement, NIFTY should hit 16250 in another 38 to 42 trading sessions. PS: Sharing to evaluate on my Learning and conviction of my analysis.

Nkrish1983

UltraCemco has hit Weekly resistance levels. It might go down 250 points before gaining volume for upward trend. This is just my view