Seeing the chart of NSE:CNXIT it's very evident that the MID BAND of the PARALLEL CHANNEL is acting in form of SR FLIP TRENDLINE i.e. the trendline which was acting as SUPPORT is now acting as RESISTANCE
Few Tips to use PARALLEL CHANNEL
a. Always make use of LOG SCALE whenever you are making use of PARALLEL CHANNEL for putting in a LONG TERM PICTURE into...
VIEW ON NIFTY FUTURES
~1: If NF opens lower and gets sustained in the band of 14940-14880 then initiate LONG for TARGETS of 15015/15085. Once NF flips above 15085 then it will open TARGETS of 15190/15325
~2: If NF moves towards the zone of 15015-15085 and faces REJECTION then initiate SHORT for TARGETS of 14935/14878/14770. Below 14770 it will open TARGETS of 14660/14585
~1: If NF sustains above 15040 then that would be a first confirmation that some bullishness is getting built up in index but don't initiate LONG because LONGS should be initiated only once the zone of 15130-15150 gets sustained for which TARGETS can be 15330
~2: If NF breaks and sustains below 14915 then initiate SHORT for TARGETS of 14820/14715
~3: If NF heads...
Tomorrow's opening will be very crucial as the GLOBAL INDICES are literally jumping'
~1: If NF opens higher and sustains above 15300 then initiate LONG for TARGETS of 15360-15430. If we get a BULLISH move towards this zone of 15360-15430 then don't cut LONGS and keep it trailing as it will open up for 15500-15550
~2: If NF breaks below 15140 then initiate SHORT...
At this point of time it seems this MARKET is getting loose and putting BULLS UNDER PAIN
Looking for some RETRACEMENT to initiate SHORT. Ideally a retracement towards the levels of 11620-11520 will make it a very HIGH RR "SHORT"
Also the level of 11330 can act as very STIFF RESISTANCE
RELIANCE IND (CMP: 1184.35)
>Breakout on volume front i.e. huge volume generated as compared to last two months avg volume
>Breakout on DPO
>Breakout on RSI
>Buy it above 1190
>Target (Buy Side): 1200>>1220
>Sell it below 1150
>Target (Sell Side): 1130>>1115
> For JAN’19 contract an expiry is...
Fresh Call Writing:820>>840>>880
Put Unwinding: 600>>680
Fresh Put Writing: 740>>760>>780
Buy it in the range of 795-797
>Breakout on DPO
>Breakout on RSI
Scrip has shown some good buying bias in the last trading session, so the volume buzzer is giving strength to buy the stock at the current levels but still when it is reaching at higher level some profit booking is seen, so in order to curtail down the confusion lets check some levels and trade accordingly.
GO LONG @ 119.50 with a target of 121.50...
The stock has certainly come in positive zone as it has started trading above the 30-DMA which is the positive sign for the stock. I am suggesting to take the benefit upfront of the rally which the stock is going to be observe in the coming sessions.
Firstly I am having a strong gut feeling that the scrip will run even on upcoming trade day if it...
Stock is depicting two important patterns:
1. TRIANGLE PATTERN
2. GAP UNFILLED (Between the levels of 1114.80 to 1140.00)
So following levels will be helpful to trade the stock
1. When the stock breaks the level of 1063.00 (on downside) then enter a short trade for a target of 1055.00 followed by 1050.00 then by 1030.00
2. When the stock breaks the...
The stock has shown some good levels of BUYING and is also proving that BULLS are in great control of stock, so they are not allowing the stock to break previous days low and go for unprecedented targets.
At this level its NOT advisable to just GO LONG with out seeing the levels on technical...
Stock is currently seeing some pullback, so its an advice and suggestion to SHORT the stock at the levels of 777.00 and if the positions are built then hold it for the target of 765.00-763.00.
SHORT ENTRY: 777.00
From the levels of 763.00 if positive swing is seen on closing basis then go LONG and if the positions are...
ENTER THE TRADE WITH FOLLOWING LEVELS:
Trade as per your RISK APPETITE and never forget to do positional sizing.
Earn Huge Profits, Take Small Losses