Somanathrout

Somanathrout

It is likely to go up now as abcde wave is completed. Let us see this time if it is breaking contracting triangle.

Somanathrout Updated 

as we can see nifty has formed a bat pattern and also today dji to complete ninth consecutive day negative . It is likely that a bounce possible next week technically and also it is monthly expiry . Current volatility within a range showing coming sessions positive indications. My vision for market is positive for next week. Kindly follow the chart and take wise decisions.

Somanathrout Updated 

we can clearly see that its trend is reversed downward and on or before this expiry it should test 543. it should bounce back from there else this trend might go more downward

Somanathrout

fib time zone coming july 3 2023 which most probably should make the bottom as it is approaching .786 line. Since coming week is monthly expiry week and also zeel is a stock which most of the time goes against the overall market trend I think it is the time might big brothers are in a mood to start this engine. keep an eye on this counter .

Somanathrout

we can see a low risk high reward possible here in this counter. So, keeping a strict stoploss of 1percent we can eye on 5 percent .It is my personal strategy and own opinion. only for educational purpose.

Somanathrout

it has given a weekly close just below .786 and .5 level of the current uptrend. Most likely it should continue its upward rally. A break of .618 might indicate trend break. 0.618 will be a good buying level with a minimum stoploss below which a good short position can be taken.

Somanathrout

it is difficult to think about this share as it has shown unbelievable trends. However a possible scenario is coming to the mind and last two months are positive stock has rallied just before expiry last month also. And it will be a rocket speed fly ... I need you to comment on this friends as a holiday gossip.

Somanathrout

we can see banknifty again has entered the downward gann fan. But the rising speed and declining speed is totally different which I understand is it is just waiting to touch .236 after which it is likely to fly again. This analysis might work for years as we c are on all time highs two times now. And now we have an upward gann fan from the major bottom. So, You...

Somanathrout

nifty might face a resistance at 18800 levels. A short can be initiated there having a small stoploss 0f 20 points a correction of 100 pts can be imagined. this is my imagination regarding expiry.

Somanathrout

we can clearly see nifty is range bounded at a crucial point. weekly pivot is at 17160 which it could not break today. tomorrow"s plan will be to buy above 17160 for a target of 17300 and there will be a shorting option below 17050 for a target of 16900.

Somanathrout

nifty is trading at resistance area. short after a doji creation in daily chart.

Somanathrout

Attention friends....do not get lured. We can have a nice dive. Recover your losses if possible but do not loss again as market is all about greed and fear.

Somanathrout Updated 

in one hour time frame short nifty below 11790 after candle close. although 12000 is likely to touch better to long above previous day high in one hour candle close at least.

Somanathrout Updated 

do not miss this opportunity from this operator. It has eaten a lot from retailers. follow this chart and price levels and sit tight. It has to give a retracement and target 1 will be 100 and target 2 will be 118. It has broken weekly support today , so do not buy hastily , allow the price to come to 70 and buy at about 3.15 pm as an upward move usually goes with...

Somanathrout Updated 

vedanta is trading in support area, can go long with strict stoploss.

Somanathrout

Gann lines and arc indicating that a strong resistance point has been arrived. tcs is sell on rise till 2900. strict stoploss is 2905.

Somanathrout

finally nifty has given close above resistance line in first attempt. but its history says in this line it has reversed the trend after a decisive close. so we need to stay alert and also 0.9 % percent from 11795 the supply zone is lying at 11696. If an hourly close comes above 11696 or a gap up opening above it will indicate to long in nifty for target 11795...

Somanathrout Updated 

with the month closing, this quarter will be closed too. so market will try to recover with higher volatility. 10986 to be strict stoploss as below it market will be more weak. Target would be 11200.