Novicetrader2015

Novicetrader2015 Updated 

Range for stock has been narrowing down. Can give a good move when breaks the triangle on either side. Keep in radar for next 1-2 days

Novicetrader2015 Updated 

Consider for long (only small quantity)when flag trendlines break. Add more when daily candle closes above 360. P.S. Pattern fails if lower TL of flag breaks or daily candle closes below 290

Novicetrader2015

Stock is forming a rounding bottom - Buy above 2435 for a target of 2460 tomorrow. If closes above 2460 then consider for swing - Target 2525, 2600 P.S. Market is extremely volatile from few days so trade as per proper Risk Management

Novicetrader2015

BNF has formed Cup and handle on 15 min time frame If opens flat tomorrow/moves up after opening minor gap down then this set up can work beautifully. If BNF breaks 34K successfully then first target will be 34300-350. If 15 minute candle breaks 32300 then aim for target of 34550/34600 P.S. Plz ignore above pattern if BNF starts trading below 33350-300

Novicetrader2015

Indian Oil Corporation has formed triple top and now tested the support zone thrice in last 4 months. If stock breaks 90 then aim for targets of 88.25, 87.50 & 84.50 next week On the other hand if stock bounces from support and breaks 92.50 then aim 94.70, 96.70 and 97.50 in next wekk P.S. --- This stock is not good for Intraday so consider only swing

Novicetrader2015 Updated 

Stock forming symmetrical triangle on 30 minute time frame. Movement on either side of triangle will give good move

Novicetrader2015

Stock has formed Inverted Cup and Handle on 2 hourly time frame. Good to short if breaks 1970 (Long wick of 24th Feb can be ignored as that was formed during NSE glitch) Swing traders wait for hourly candle close below 1970 for targets of 1950, 1930 and 1900 P.S. Pattern negated above 2015

Novicetrader2015 Updated 

Stock is forming a descending triangle and also inverted cup and handle on 2 hour time frame. Good to short if breaks bottom support trendline

Novicetrader2015 Updated 

Stock has taken support multiple times at Trendline in the past. If breaks TL tomorrow then can consider targets of 213, 211 & 207 in coming sessions (Intraday and Swing) However if bounces from support tomorrow and crosses 218.50 then can consider for long positions (Intraday only)

Novicetrader2015

Bank Nifty has formed Pole and Flag in 15 minute time frame. Consider targets of 3400/34450/34600 in coming sessions if 15 min candle closes above 33600/33650 P.S. Pattern fails if 15 min candle close below 33000

Novicetrader2015 Updated 

Stock has taken support at Trendline today. If moves beyond 5320 then buy. On the other hand if breaks Trendline then can reach target of 5200 tomorrow itself (support zone)

Novicetrader2015 Updated 

Stock has fallen a symmetrical triangle on 15 min time frame. If opens flat tomorrow can give a good move on either side.

Novicetrader2015 Updated 

There are 3 reasons why I chose this stock for shorting: 1 - Rounding Bottom 2 - Stock has broken long term Trendline 3 - Resting right on support zone If tomorrow breaks 3000 then target 2900/2800 levels for swing. For Intraday can book profit in 1%

Novicetrader2015 Updated 

Stock is trading in a channel - move on either side of channel (5 min candle close) can give decent movement in intraday.

Novicetrader2015

Bank Nifty has formed rounding bottom on 15 min time frame. If it opens between 34100 to 34350 and moves up then target levels of 34500-34550 P.S. Market is very volatile these days so don't wait for big targets. Take 100-200 points in one rally and then wait for next opportunity

Novicetrader2015

Go long if stock opens flat or gap down and then breaks the Trendline. Also rounding bottom formed on 15 min time frame

Novicetrader2015 Updated 

Stock bounced from the Trendline on Friday however might test it again. Good to short if breaks TL. Consider for buy only if sustains above 140

Novicetrader2015 Updated 

Stock has broken resistance trendline. If sustains above trendline and opens flat then minimum target is 6785. If 6785 (Monday high) is broken and sustained then target levels of 6825/6850 tomorrow only