PraffulAgarwal

PraffulAgarwal

Nifty has broken neckline of M pattern on weekly chart. 1000 point pattern length.

PraffulAgarwal

GNFC has broken moving average supports and now at levels where resistance mat turned to support, if held can see first bounce till moving average. Any closing below can slide price to 200 dema.

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DJIA has entered a weekly demand zone with support of 50 dema. lets see how this trade work.

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Godrej CP has broken the flip line, short targets of 700 and 663 are open

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HDFC AMC has made a HL-HH structure on weekly charts supported by above average volumes at the breakout.

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an ascending tringle with 210 depth is forming at lower levels on daily charts with decent volumes, a sustainable breakout above 720 will confirm the pattern breakout with targets of 900-930. Any close below rising trendline will invalidate the pattern.

PraffulAgarwal

STAR is closed above previous lower high LH of 342 on weekly time-frame, its a first sign of trend change, however 21 WEMA overhead could consolidate the price in a range till higher low. trade : positional longs with sl of 285 which is newly formed higher low.

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Nifty is in range for last two days of 16376-16487, today close is below this range a tradable fresh buying zone 16221-16267 for RR 1:2

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Sonacom has broken falling trendline with positive RS and rising RSI. swing low of 620 is stoploss.

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Crude is retesting the breakout levels at higher end of previous range with 21 dema nearby that could act as short term support, RSI though declining is still above 50. likely trade :- put option writing

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UKOIL is trading at higher end of range created breakout or rejection will have 7 $ move on either side

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a major range breakdown below 600 indicating sell on rise to follow next support area 363-395

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AbbottIndia has broken upward from a triangle pattern and price is current at retest zone of previous resistance and falling trendline. a 1:3.6 RR trade can be initiated entry 17950- 910 ( flip reaction level) target 19428 ( nearest supply zone) sl 14478 ( close below the falling trendline) key levels 17253 ema 21 19000 psychological and option barrier level

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ABB has created a HH-HL structure with tiny flag channel at top under formation, pole length ~300 indicating very bullish target of new ATH on horizon. key levels to watch recent HL 2014 support 1889 close resistance 2336 next supply zone 2400-2668 EMA 21 2220 could be reaction level trade setup 1. if market remains bearish then put can be sold below ema 21 as...

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Welspun is approaching ATH levels that could act as resistance in short term however the bullish momentum will resume after a pullback to breakout level of 208. view negates upon weekly closing above ATH and below 188 ( swing low)

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a major range breakdown in silver, next support 18.6

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gold is at critical level of rising trend line, watch out for reversal or breakdown for further trend and trade

PraffulAgarwal

whirlpool has broken the channel on downside .... wait for closing below for a further selloff