Somanathrout

Somanathrout

setting a stoploss at 170 and a target of 300+ infratel looking attractive at a lower risk and higher reward.

Somanathrout

BPCL is currently trading sideways and consolidating as it is inside triangle. We can see some space is left to fill between resistance line and support line which are trendlines of longer time frame and may be it can take some more time and will be around this price. So, it will be wise to go long above the resistance trendline although BPCL is trading above...

Somanathrout Updated 

Quarterly resistance is at 215.30 and Quarterly kijunsen at 220.3. It indicates less likely this month to close above this price. However strong support is around 203.5 to 186. So, for long term investors SBIN is positive till 186. Breaking of 186 will confirm the fifth wave continuation. As per the 2nd wave starting point 345 which was .68 retracement it should...

Somanathrout

educational purpose

Somanathrout Updated 

For upside movement banknifty needs to close above its recent high.

Somanathrout

support and resistance levels identified and edited.

Somanathrout

it seems itc might be riding towards 217 from next week. strict stoploss to be maintained at 189. this looks good at 1:4 risk reward ratio. immediate resistance is at 199.35

Somanathrout

since last seven weeks nifty bank is trying to break the resistance line but failing. during the process it has make 21800 as a strong support zone. moratorium will not be extended so it might takeover the resistance line this expiry. this is a weekly chart so decision to be taken at least closing on a daily chart. long above 22500 for target of 23500.

Somanathrout Updated 

mifty bullish trend might be going to end and reverse.

Somanathrout Updated 

long only above the trendline on candle closing of a four hour chart. possibly tomorrow it will give a breakout.

Somanathrout Updated 

zeel has given close on multi year support area. both in weekly abcd pattern and xabcd pattern it is looking bullish. aggressive buyers can take long positions at cmp and normal buers can take position after 171. remember this is a weekly chart and decisions to be taken on closing of a candle on weekly basis.

Somanathrout Updated 

stoploss should be 120 and target should be 150 in 5 weeks.

Somanathrout Updated 

dow is struggling at 27148. a closing above it tomorrow will indicate that the bulls will continue dominating. the pitchfork so far has guided perfectly, hope in future also it will guide. long positions to be taken only above 27418 0n weekly closing.

Somanathrout Updated 

reliance is in high uptrend and running in all time high. it is usually very difficult for traders to trade in this type of situation. I am taking help of gann method and febonacci numbers to calculate the future price. it can be seen that at the fibonacci levels price has shown its volatile actions and also at the gann lines. according to it reliance must not...

Somanathrout Updated 

tatamotors is still on consolidation zone and above the resistance line we can see a good upmove. keep an eye on this counter. buy decision to be taken on a daily close basis

Somanathrout

first resistance is at 704.7 second resistance at 714.65

Somanathrout

trade cautiously as tech mahindra can sharply turn back to retest 630.

Somanathrout

sbin 5 week moving average---188.30 sbin 10 week moving average ---187.20 daily tenkansen 189.8 (most imp) 5 day moving average---193.4 10 day moving average----192.0 20 day moving average----189 50 day moving average----187.4 from tenkansen 189.8 it should go up , in case it goes further down the moving averages will act as support lines. 20 week moving average...