The chart of crude oil represents a perfect scenario for reversal trade, we may go long on pullback near 21.50 $ to 21.80 $ levels for decent risk to rewards up to 25 $ with stops below the recent swing lows 20.70 $ on positional basis. Indian traders can calculate their prices according to USDINR and current prices of USOIL whenever the markets open.
Crude oil shows symmetrical triangle pattern within the channel. Today's bounce is showing an oversold bounce, which may fissile out in the 2nd half of the day and look to be continued in the bearish pattern.
The chart of Crude oil is showing great opportunity at this point of time to accumulate as the mighty crude is forming a double bottom formation and further there is a good trend line support at this level, Traders can accumulate here the position for short term bounce with strict SL of 43 levels.
Indian traders can short crude oil near 3560 levels near the bearish flag's high point for better risk to reward with strict SL of 25 pips for the remaining day. Profit booking will be seen during second half of the day. Amazing Risk to reward ration around 1:4
The chart of Nifty is showing bearishness and its still having more downside available, which may further disrupt the Index towards 11115 level which act as a good support. As per our study the Next possible stop for Nifty is near 11115 Levels.
The chart of crude oil telling the story itself that it is travelling into a bigger Descending Triangle formation and currently trading with in the channel which depicts that it will touches soon its possible support level @ 43.50 of the channel. Any bounce can be seen from there. Traders are using the selling on every rise which is already shown in the chart. If...
The chart of crude oil shows that it has more bullish movement still to come and forming the flag pattern. Traders are advised to keep patience during the preparedness of this pattern and take either side of trade on Breakouts for solid Risk to rewards.
The chart of Index clearly shows bearishness, however it assumes that it can take any Dat-cat bounce from these levels. Hence, traders are advised to short Nifty on conditional basis below 12070 levels for smart levels as indicated in the chart.
After a long bull run, ICICI Bank showing tiredness on these levels and having shown the weakness. A good fight between the bulls and bears seen today and we hope that the stock might test its support level of 517.50 in the coming days. Keep strict SL of 541 on closing basis to avoid any unwanted noise.
The chart of AsianPaint looking decent and the stock is roaming near its support level . Traders are advised to buy the stock above 1778 levels and go long in the stock with the SL of 1767 for good Risk to reward for a target of 1800 again.
Voltas has accumulated good volumes and breaking resistance levels. Traders are advised to go long in the stock with SL of 690 on closing basis. Amazing risk to reward from these levels with a target of 704.8 (1) & 758 (1.618) fib levels.
Bajaj auto stock structure shows a shorting opportunity on pullback near 3025 level or as you may feel comfortable with for Intraday with SL of 3035 and downside target of 2985. My paid customers shorted around 3025 levels.
On evaluating the chart of Nifty 50 with option data and USDINR, it looks that market may be range bound till expiry. Wherein the 11300 levels will act as support and 11400 as a strong resistance levels.
On assuming the chart of Bharti Airtel, it seems that the stock is near its multi months upward resisting trend line which is placed near 390 levels. A closing above the trend line on daily basis may blast the stock on upper levels. However, buying may be advised after breaching the trend line resistance, till then wait and watch whether the stock may be corrected...