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Parallel Channel Downwards. Breakout and Pullback of Support Line, Breakout, and Pullback of 200 EMA and Earnings in 10 days.
Jindal Steel is a possible short on every rise towards 210. Levels are given for favorable Risk and Reward
Castrol Can be bought around 162-165 Levels.
Price is trading near the lower end of the downward channel and a Strong Bullish Weekly Closing above 23.7 % Fibo Level.
Stop Loss : 152
Target 1 : 190
Target 2 : 200
Very good Risk to Reward at given entries. Pull Back is Expected after last Week's Straight Run with Nifty.
Patience is your Friend, ...
A Failed Head and Shoulders, gave hopes for a rally but long traders got trapped as Everytime it tried to go up it faced selling Pressure.
Financial Services Index is probably the Strongest Sectoral Index right now. This may be the leading sector in the next Rally.
Heavyweights like HDFC, Bajaj Finance, Bajaj Holdings, Bajaj Finserv, Shriram Transport and the list goes on.
These stocks are showing great strength and sooner this will get propagated to the Peers. We saw Sudden Rallies in SBI and ...
Energy is doing good and has shown mere signs of weakness and is trying to break the Previous Highs for the 3rd Time.
If you have been in the Markets Long enough you know, 3 is a significant number when it comes to supports / resistances and Breakouts.
A breakout above the highs will put it into unchartered territories and if NIFTY kept its Trend and no ...
FMCG was range bound after breaking the previous swing high on Daily.
With Nifty Supporting the Trend and No Signs of Weakness of Daily, Weekly, Monthly Charts.
Every dip in good FMCG Stocks is a good opportunity to go long.
My Favouite Stocks are
NOTE: As these stocks have run up too much, do not enter in Full ...
In such a great market Media has Shown Terrible Performance.
Both Weekly and Monthly Charts showing weakness and Support Region on Weekly is still far.
One can see further correction in these stocks.
Do not catch this falling knife and wait before you try to invest huge in any of these
My Favourite Stocks here are;
Sun TV ...
Reality Index can Bounce Back from here.
Strong Bullish Weekly Closing at 200 EMA
Weekly Trendline Support && 200 EMA Support
Breakout and Pullback toward the Confluence Zone
One can take a positive View on Reality Stocks with Strict Stoploss. Reality stocks have corrected a lot and Risk and Reward seems Favourable to enter longs.
My Favourite ...
PSU Bank Index is was trading near Historical Support Zone and Failed to Break on the downside.
The Green Zone can be seen a Strong Support on Monthly and Weekly Charts.
It has made a Triple Bottom near the Support.
Weekly Closing Strong Bullish Candle.
Monthly Closing Bullish Engulfing.
Still ~300 points far from the immediate ...
Breakout and Pullback at good resistance levels
Taking support at lower end of the bullish channel.
Good risk and reward to go long.
LT has crossed the support zone with a strong move followed by Volume and Rise in OI.
Next stop is 1375-1380 as it is sustaining above the previous resistance of 1330 - 1338.
In Hourly chart price have been trading in this range.
It makes sense to go long at the lower end of the range and the risk and reward looks good
AUDUSD is poised and should be closely watched for the following trades.
Only risk 2%.
Put 1% in on Breakout on either side and then add the rest 1% after a pullback.
Both trade setups offer very good risk and reward.
With so many important events for USD, big movements may happen. Keep risk in control and try to take benefit of movement on either side.
In Hourly, price closed near the price range that acted as a support during the day.
1. USDCAD did a breakout and then pulled back to 1.30790 Levels on weekly charts.
2. Price has a nearby support of 61.8 % Fibo Level on Weekly.
3. Stochastics - Oversold on Hourly.
Lastly, risk and reward is pretty favorable, I will wait to see how it reacts at the opening ...
Strong Bearish Candle Closing on Weekly, indicates further correction to levels 10562 (50%) and 10416 (38.2%) Fibo Levels.
With the Karnataka Election Results settling down against BJP, markets sentiments for BJP's Victory in 2019 are dented and that will show up in price for the next few sessions.
Yet, NIfty can still comeback in full force buying after ...