Somanathrout

Somanathrout

this expiry zeel might end within the pattern and from august 2nd week it might start a bullish journey, today's move indicated this perhaps.

Somanathrout

nifty will face tough resistance at 11053, 11077. since this is a weekly chart, i will observe this week to decide whether nifty to win this resistance at first attempt or a trend reversal will happen from here.

Somanathrout

tatasteel is one of the most complex-ed volatile stock with a very knotty programmed loop. this setup pattern is perfectly following price action with a rhythm. most probably this will be the price scenario in coming times. good luck and happy trading.

Somanathrout

buy above 185.5 candle close on an one hour chart, for aggressive traders as 185.2 is four hour kijunsen and safe traders buy above 186.5 as 100 moving average on 4 hour chart. target 1 should be 189 and target 2 would be 192. on the sale side target would be below 183 for 181, 181 is 23.6 fibonacci retracement will be a good support below it beraish sentiment...

Somanathrout Updated 

as we can see nifty resistance trendline has become support trendline and it is moving towards a high confluence zone in a bullish trend.last whole week its trying to break 10830 with a support of 10700. this week a breakout possible, but at any situation stoploss to be 10780 for long positions.nifty is expected to test 10895 on the upper side and target 2 will 11095.

Somanathrout

long only above 10325 keeping a strict stoploss at 10275 for target of 10500 and sell below 10200 for 9900.

Somanathrout

bajajfinance might like to retest the trendline after this massive bull run before start the riding journey again where 2800 will give a tough resistance.

Somanathrout

nifty exactly has shown correction from 61.8 percent of recovery. long only above 10325 for target 10540. 10200 level will be a buying zone and below that bearish sentiment can rule. target should be 50 percent of the retracement.

Somanathrout

pel is in downtrend since 2018 august. it has completed the weekly downtrend and stock is ready to test 1421. buy above1075.85 with a stoploss of 1040 or buy on monday if it comes back t retest 1045. but not below 1040.

Somanathrout

refer chart. market looks will be up from a gap down.

Somanathrout

gaan lines indication and retracement force is very high .so if crosses above 27350 then fresh buying will be seen. but if a correction comes then 26750 will be a good chance to buy with strict stoploss. however a short position will not be denied if start moving below 26700 which i think is a little chance to happen.

Somanathrout

200 ema at 4 hour chart is also expected to touch today. long above 10036 and maintain strict stoploss at it if on longside.

Somanathrout

however gapup is expected. if sustains in a 15 min chart 10028.30 keep buying maintaining stoploss at 100 ema.

Somanathrout

stochastichs diverging in daily chart stay alert.

Somanathrout

oversold rsi in hourly chart and price near supply zone indicating a fall in price, but 200 hour moving average at 9460 will be able to give a buying pressure since we are in a strong bull run and investors are in a psychology of missing out the rally.