SaintLazarus

SaintLazarus Updated 

1. PCR ratio <0.6. 2. FII buying. 3. Strong Trendline Support. 4. Lower Bollinger Band support. Short Term: Target 1: 30500 Target 2: 30750 Target 3: 31250 Not expecting movement above 31250 tomorrow. As it is expiry, short covering might occur so be careful when taking short positions. Note: Post only for education purposes. Rest Market Will Tell!

SaintLazarus Updated 

Long above 32700 (preferably after retest), Target 1: 33220 Target 2: 33730 Stop Loss: 32630 No trade zone: 32400 to 32700. Short Below 32400 (preferably after retest). Target 1: 32230 Target 2: 31750 Stop Loss: 32450 No trade zone: 32400 to 32700. Note: Post only for education purposes.

SaintLazarus Updated 

Option Chain Analysis indicates a sideways trend. I am a little bullish. There seems to be a sentiment of fear in the market and therefore this dip also might be bought out by the market. Long above 32400: Target 1: 32600 Target 2: 32700 Target 3: 32850 Short below 32050: Target 1: 31850 Target 2: 31700 Target 3: 31200 I prefer not to use stop loss in banknifty...

SaintLazarus Updated 

Bullish Gartley in multiple time frames. Both the possibilities shown on the chart.

SaintLazarus

The Chart is Self Explanatory. Rest Market Will Tell! Note: Post only for education purposes.

SaintLazarus

I am expecting 226 in the next 2-3 sessions. Short Term Targets: 230-235 Medium Term Targets: 240-245 Long Term Targets: 300++ ITC seems bullish. Everything visible on chart. Kindly comment or reach out for clarifications or views. Rest Market will tell! :) Note: Post only for education purposes-

SaintLazarus

BANKNIFTY Upside Move Expected in the short and medium term. Short Term (next week): Target 1: 32400 Target 2: 32700 Target 3: 33000 Refer to the previous idea for other details. Note: Post only for education purposes.

SaintLazarus

Kindly look at the previous ideas for deep analysis.

SaintLazarus Updated 

ITC forming Bullish Gartley, long at CMP to 200 level. Other Significant Reasons: 1. The bill introduced related to tobacco has a very low probability of passing and even lower probability of efficient implementation so the impulsive selling due to the same may become redundant. 2. MACD showing convergence. 3. RSI in the oversold region. 4. 200 is a very...

SaintLazarus Updated 

LONG TATASTEEL 1. Possibility of multi year breakout at the 750 level. (Nearest resistance at 730 level) 2. RSI showing divergence with an increase in price simply telling us that the relative strength of bulls is greater than the relative strength of bears and they have been able to capitalise on the same and are so more likely to continue doing that in the near...

SaintLazarus Updated 

Short Term Resistance @32250 which is the all time high level. Short Term Target 1: 32600 Short Term Target 2: 32800 Medium Term Target: 33500 Stoploss: Below the trend line or 32000

SaintLazarus

I wrote an idea earlier on TATASTEEL and my opinion of the same using the monthly chart. Here, I've used the monthly chart of NIFTYMETAL which in my opinion is bullish at the moment. Even though, I am posting this idea in order to further my discussion presented in the TATASTEEL idea but have done as much justice possible to the NIFTYMETAL monthly chart and have...

SaintLazarus Updated 

BANKNIFTY finally broke the upper resistance of the box that was there for a while. Good time to go long. It may retrace to the upper level of the box before going any further so be aware of the same since doji has formed. Keep this in mind and keep looking at price action. Now, upper targets are open for the week: Target 1: 32140 Target 2: 32460 Axis Bank and...

SaintLazarus Updated 

Possible Gartley Formation: 1. Risky Traders: Can take Short Position @ CMP(2406) to 2427 and anytime below these levels as well: A. Target : 2339/2340 (Which is a pivot point as well, further better target) B. Stop Loss : 2430/2431 2. All Traders: Can Take a long position from 2339/2340: ...

SaintLazarus Updated 

Short Bank Nifty Below 31000: Target: 30450-30550. Stop Loss: 31050. RSI and MACD suggest shorting possibility. Look at RSI for retracement till 50. Look at MACD for histogram and preferably trade after the red part of the histogram begins till it peaks. Target Won't be activated if Bank Nifty Opens Gap up which is unlikely for now. Long possible above 31500 but...

SaintLazarus Updated 

SunTV forming a channel in 2 hour time frame. Either side opportunity there. Trade according to the direction of the breakout. Up-Side: Long: Target: 509-510. Down-Side: Short: Target: 445-450. Possibility of great reward trade.

SaintLazarus Updated 

SHORT @1457-1465 STOP lOSS: 1470 TARGET 1: 1395 TARGET 2: 1350 Reasons: 1. RISING WEDGE 2. RSI DIVERGENCE 3. DECREASE IN VOLUME Note: post only for education purposes.

SaintLazarus Updated 

NCC Long Possibility Risk Takers: Long right now @CMP: 60.6, Target 1: 61.85, Target 2: 65.4, Stop Loss: Keep stop loss as per later price action, eg: if volume is decreasing better to not exit the trade even if it follows the down side, look at MACD for further signals, etc. Risk Averse: Long @61.9, Target: 65.4, Stop Loss: 60.6