Novicetrader2015

Novicetrader2015

Voltas has made rounding top (Inverted cup) Good to sell below 990.

Novicetrader2015

Britannia is at a long term support and resistance zone. If stock sustains above 3300/3350 levels in coming sessions then buy for Targets of 3600, 3800 and 4000

Novicetrader2015

Today stock bounced from support zone in last hour or so.. Safe for level of 1545 if sustains above 1440-1445. However breaking of support zone (safe below 1410) can bring the stock quickly to long time TL support - 1380 levels

Novicetrader2015

Ceat can give good momentum on either side when breaks the triangle. Hopefully big gap up/ down doesn't ruin the set up !!

Novicetrader2015 Updated 

Infosys has taken support at Trend Line. I breaks support then levels of 1260 and 1230 can be seen in coming days. If takes support and rises then 1300, 1320 levels can be seen in a session itself.

Novicetrader2015

Reliance has given closing above Trendline today. Good for next few days. Safe above 2090

Novicetrader2015

TCS has formed symmetrical triangle on lower time frames. Breaking the triangle on either side can bring good move for the stock

Novicetrader2015 Updated 

Mindtree has formed a symmetrical triangle on 30 min time frame. Move on either side of triangle will give good return. Keep on radar for tomorrow !! Lets hope set up is not ruined in big gap up or gap down opening

Novicetrader2015

Chart 2 - 15 Min Time Frame : A further confirmation of below swing trade can be taken if stock breaks the confluence of Daily Trendline and horizontal support. Can be considered for target of 274-275 if bounces from support. Chart 1 - Stock took support at Fibonacci 50% level in month of November. If stock sustains above 270-275 in next couple of sessions, can...

Novicetrader2015

Stock took support at Fibonacci 50% level in month of November. If stock sustains above 270-275 in next couple of sessions, can easily target 290 and even 314 in next few days. On the flip side if stock breaks TL it can easily reach 247 in few sessions. Chart 1 - Daily Time Frame Chart 2 - 15 Min Time Frame : A further confirmation of above trade can be taken if...

Novicetrader2015 Updated 

Hindalco is near to its life time high and is trying to break its Trendline coming from over 1 year. If it breaks TL and sustains above 280 (supported by good volumes) then can reach 300 easily

Novicetrader2015 Updated 

UPL has taken support at TL - can rise from here in coming sessions. Also has risen from the Fibo 50% level on 1st Feb

Novicetrader2015

Go through Monthly chart first Tata Steel gave a failed break out last month. If this month's break out is successful then 800-900 levels can easily be seen in the stock. In case of failed break out - 600 to 550 levels will be achieved in 2-3 sessions only. Keep on radar !! On daily time frame stock has given Trendline break-out today

Novicetrader2015

Tata Steel gave a failed break out last month. If this month's break out is successful then 800-900 levels can easily be seen in the stock. In case of failed break out - 600 to 550 levels will be achieved in 2-3 sessions only. Keep on radar !!

Novicetrader2015

Indian Oil is about to break its Trend lime coming from 2020. If sustains above trendline good for swing trade

Novicetrader2015

Bata India looks good for tomorrow if sustains above Trendline - Buy above 1598

Novicetrader2015 Updated 

More upside to come in Bank Nifty ? If yes, HDFC Bank has to be the major contributor. Banks leading stock is not ready to give up its levels and is at a crucial level. Watch out for Trendline break out in coming sessions

Novicetrader2015

Nifty can possibly come down to form Left shoulder of the formation before breaking resistance and going towards 15000 levels. On the flip side if tomorrow Nifty breaks the TL then more upside can come in the current momentum only.