Breaking flag pattern on daily charts looks like going to show 2200 near zone very soon . Avoid longs or any fresh investments in it.
Currently took support on the last low of 2052.8 any closing below it would drag it to 1980. Plan your trade accordingly Do make chart simple instead of going for complex charting. :)
I don't think of it going much below 3200 , Currently in a bullish channel making doji on the support zone , must move to new high in channel which is 3800 zone, good risk to reward ratio . Happy trading :) Complex charting does not make money . :)
Britannia is currently in the uptrend only , given weekly breakout recently , Remember not to be shorted as target remains 4130/ 4500 positionally. TIP - MAKE YOUR CHART SHORT AND CRISP TO UNDERSTAND TO TRADE !!! :) Complex charting is always done to show off the knowledge ! Happy trading !
Expecting some profit booking over the counters as spinning top formation and trendline resistance has been made on the weekly charts. also result is awaited , no emotion based position to be made. Happy trading :)
on the weekly charts its a spinning top , will be slightly profit booking from now ownwards don't expect much upside from here . likely to retest breakout from here . Support zone 3500-3550 Happy trading :)
Profit booking likely to hit max upside 2770-2850 , no fresh longs untill 2850 is broken and sustained. Happy trading .:) tip - dont go for complex charting , i repeat :)
Nifty will be facing resistance near 10660-680 zone. Stay cautious while taking longs. Happy Trading :) tip - keep your chart as simple as possible , complex charting does not give any results.
Tata motors study - in bearish channel from long term - important resistance zone 138 & 160 around - instead of buying wait for coming to resistance zone will short it on high ! :) Happy trading !
Mindtree had given ascending breakout , but need one good closing to decide the upmove , can led to 1006 / all time high ! Happy Trading ! :)
Moving in a simple bullish parallel channel , dont go for complex charting . follow simple approach and you may make money . Happy Trading. :)
Nifty in ascending wedge must touch 9850 as it important support ! Simply follow the charts , dont go for COMPLEX charting , keep your news feed being refreshed on daily basis . Do not listen to anyone ! Make charts and trade !
Asian paints important support zone 1675 coming up, no shorts please !!!!
I will be waiting for any further positions will wait for weekly closing , can be false breakout too !!!!
Avoid fresh longs , looks like their will be profit booking. Strong resistance zone.
Currently in downtrend , moving in a wedge ( check 2nd ) , Decide your move accordingly , can follow on twitter for updates !
In the weekly bearish channel ( long term ) reversal this week , , but short term structure is bullish so wait for the DIPS and also will look for the breakout !!!!
ibulhsgfin , breaking bullish channel , looks good for the upside of 244 / 270 for short term !!!! Buy on dips !!! for more updates can follow twitter . HAPPY TRADING ! :)