Ruchiamit

Ruchiamit Updated 

five waves and then a good rally … Then what next ? As per the theorists the market may make a move to 18250-18400 or it may move down from here or may become trading range 16800- 17800 for the next whole year

Ruchiamit Updated 

Power move into the resistance with reversal candle is indication of weakness.. but the reversal candle is followed by the doji candle so reversal my fail... to buy at current price the stop loss is 792 ..or buy above 891 with sl 871 with target of 1052....

Ruchiamit Updated 

After nifty making downtrend, it made a new high at level B as indicated in the chart which confirmed the support at the levels of 15750 and it rally to a fresh high thus making the trade little confusing so no fresh positions are to be made as nifty has formed the trading range at lower part of the ongoing downtrend hence it may reverse but there is further...

Ruchiamit Updated 

nifty is in channel with downward movement indicating the profit taking at the highs and new fresh longs at the lows. Channeled move trend is a trade in a range that is the high of the channel as resistance and low of channel as support.

Ruchiamit Updated 

Look at the chart pattern formation . it is not indicating any trend.

Ruchiamit Updated 

1. Doji is indication that bears and bulls are equal strong and the winner moves the trend direction. 2. We are again seeing the dojis at the same level 16200 which indicate the bears are at breathe and trading range may get formed if the nifty does not break the support of 16200 this week. 3. trading range is 16200 at lower point and the 16800 levels can...

Ruchiamit Updated 

nifty breakout from range and has given follow through. There is no strong support near by. if nifty pullback from the area of value and is not able to break the range 17998 in 1st hr. then nifty can be short with target of 17550.

Ruchiamit

nifty chart showing pause candle after the initial up move. indicating the formation of trading range. hence avoid trade

Ruchiamit

spike up move from the 1st candle of the day without any retracement( considering 5 min chart) appears as bull trap. reversal awaited

Ruchiamit Updated 

Nifty has been continuously moving upside with gap up positions from the last three days, it may be considered as a spike. Zone 17500 to 17000 is seen to be good fight between bulls and bears with bear sell at top range and bull buying at the bottom range. Sentiments still negative with neutral point of view.

Ruchiamit Updated 

nifty breakout after good rally but was not able to stabilize so nifty could be short below 17500 target 17422.