IF IT BREAKS THE NECKLINE THEN 175 IS THE POSSIBLE TARGET FOR AUGUST EXPIRY, KEEP AN EYE ON THE STOCK HAPPY TRADING
WE CAN SEE A BROADENING WEDGE PATTERN ON NIFTY, ON BREAKING OF THE DOWN TRENDLINE BEARISH TREND GETS CONFIRMED...IF NOT THEN WE CAN FOLLOW THE RANGE OF THE PATTERN. HAPPY TRADING
SHORT AT 1625 TGT 1530 & BEYOND ITS RESULT DAY TODAY SO ONE CAN CREATE POSITION AFTER RESULT.
EVERYTHING IS EXPLAINED IN CHART. HAPPY TRADING
TARGET 692 HAPPY TRADING
ITC IS CLOSE TO TESTING ITS PREVIOUS BREAKOUT AREA. THE AREA BETWEEN 316 TO 319 IS A STRONG SUPPORT FOR THE STOCK, ANY POSITIVE BOUNCE FROM THIS ZONE WILL TAKE THE STOCK TOWARDS 330, 335 MINIMUM. HAPPY TRADING
UJJIVAN FIN IS MOVING IN A RANGE OF 290 TO 334. EVEN TODAY IT SAW RESISTANCE AT 234, SO WHY I AM SAYING IT IS READY FOR A BREAKOUT?? REASON BEING, LOOK AT THE DIVERGENCE SIGNAL MACD IS GIVING, IT SHOWS STRONG INVESTOR PRESENCE AND THE STOCK IS BEING BOUGHT AT EVERY DIP, ALSO IT IS TRADED IN FNO SEGMENT AND IT WAS IN BAN PERIOD TODAY WHICH EXPLAINS TO US THAT...
TECHNICAL STUFF HARMONIC PATTERN IS VISIBLE HERE. TODAY THE STOCK BROKE THE SUPPORT LINE DECISIVELY. SO GOING FORWARD THE STOCK WILL BE BEARS FAVOURITE. THE NEXT SUPPORT SEEN FOR THE STOCK IS AT 2515 WHICH IS STILL 200 POINTS AWAY. ITS ALSO THE B POINT IN HARMONIC FORMATION. IDEALLY FOR HARMONIC PATTERN TO WORKOUT THE STOCK WILL SEE A BASE FORMATION IN THE ZONE...
TRIANGLE BREAKOUT IS EXPECTED IN RELIANCE CAPITAL. BUY AT 665 FOR TARGET OF 670, 675. THE STOCK IS VOLATILE IN NATURE AND GENERALLY FOLLOWS THE DIRECTION OF NIFTY SO BUY WHEN YOU ARE CLEAR ABOUT NIFTY DIRECTION, OVERALL NIFTY IS EXPECTED TO TOUCH 9670 AND FURTHER TO ITS PREVIOUS HIGH OF 9700. HAPPY TRADING
TATA CHEMICALS BREAKS FALLING TRENDLINE ON DAILY CHARTS. YESTERDAY THE STOCK SAW A RESISTANCE AT THE TRENDLINE AND CORRECTED MILDLY. TODAY ON HIGH VOLUMES IT BROKE THE TRENDLINE RESISTANCE AND WAS STRONG THROUGHOUT THE TRADING SESSION WHILE CLOSING TOWARDS THE HIGH POINT OF THE DAY. BUY ON DIPS STRATEGY MUST BE IMPLEMENTED ON THE STOCK FOR TARGETS OF 675 FOR THE...
BPCL SAW A CONTINUOUS FALL, TODAY FINALLY IT BOUNCED FROM ITS LONG TERM SUPPORT. EVEN VOLUMES SUPPORTED THE MOVE. SO I BELIEVE A TECHNICAL BOUNCE IS ON THE CARDS AND WE CAN EXPECT AT LEAST 38% RETRACE, ALL THE TECHNICAL INDICATORS ARE OVERSOLD. TRADE DETAILS STRICT STOPLOSS OF 598 1ST TARGET 23% RETRACE 2ND TARGET 38% RETRACE. GUYS ITS A HIGH RISK TRADE
I HAVE EXPLAINED MY ANALYSIS IN THE CHART.
BEARISH HARMONIC STRUCTURE CLEARLY VISIBLE. ONE CAN STAY SHORT ON THE STOCK. TARGETS AND STOPLOSS CLEARLY MENTIONED.
NIFTY SAW A GREAT RUN UP AND I EXPECT IT TO CORRECT BY 0.38%. STOP LOSS AND TARGET CLEARLY MENTIONED IN THE SHEET. HAPPY TRADING!