Swarnendu_Mitra

Swarnendu_Mitra

Option 1 (RED Drawing): Right Shoulder of a HNS pattern is forming. Right Shoulder PRZ 178XX-183XX. Short on signs of weakness. STOP & Reverse sustaining above 18300. Target 15K low. STOP and Recerse target around 19000 (see Option 2) =========================================================== Option 2 (WHITE Drawing): Handle of a CNH pattern is forming Handle...

Swarnendu_Mitra Updated 

BUY in 172XX-17000 zone, with an SL at 16870 closing basis. Target ATH, expecting 19000+.

Swarnendu_Mitra Updated 

SPX buy here and dips up to 3940 with Stop and Reverse sustaining below 3940 to recover loss. Confirmation sustaining above 4040. Initial targets 4100-4150 to make position free of cost. Sustaining above T-2, increase target to 5000. Positional..

Swarnendu_Mitra Updated 

Confirmation sustaining below 4050. Stop loss 4200 (Sustain). Target 3887 (Minimum) Target 364X-340X (Ideal)

Swarnendu_Mitra

Bearish View. 1. NIFTY has failed to sustain above breakout zone 2. Second Attempt to breakout failed so far. 3. Bearish below 17345 (work with hedge) 4. Confirmation sustaining below 17000. 5. Target 16200-15200-14200. Bullish View 1. Bullish above 17726 (Breakout once again) 2. Work with hedge till 17992 taken out 3. Target 19000-20000-21000

Swarnendu_Mitra Updated 

SPX looks like an impulse up unfolding from this swing low. Buy on triangle breakout or preferably after a retest dip.. SL 3721, Target ATH

Swarnendu_Mitra Updated 

1. NIFTY this leg up is D of Triangle ABCDE. 2. D is broadly moving in a channel (Green) doing WXYXZ. 3. As long as this green channel is intact, D is running, but possible reversal areas are marked in the chart. 4. After D is over, Leg E will be the trickiest. It can form any pattern, may or may not break C low, etc., but it will at least retrace 0.382 of...

Swarnendu_Mitra Updated 

Short with a stop-loss of breakout above the red channel. If this short trade works out, go all out if breaks down below the green channel. Stop loss is relatively small at this point, but better to wait till end of the session to see whether this red channel is being taken out today itself.

Swarnendu_Mitra Updated 

SPX go long with SL daily RSI close below 31.45. We are seeing a running Triangle formation with Bullish Divergence in Daily and Weekly RSI. Confirmation is too far away, so need to enter here to make it a good RR trade. Low risk traders can enter here with SL, new low in daily RSI below 31.45. High Risk traders can have a bigger SL, new low in Weekly RSI below...

Swarnendu_Mitra Updated 

Work with hedge, go all out above 16816 spot. Target 19091 spot. TF 2-3 months. Minor low below today's low is buying opportunity.

Swarnendu_Mitra

Final chart for the day: If the whole diametric count from 7511 is correct, then Final leg G of the Diametric started from 13596 (doing WXYXZ) or 14151 (doing WXY). Doesn't make any difference in the final outcome. This chart is possible final leg of G itself (Z in case of WXYXZ or Y in case of WXY) which started from 15513. My primary count is Zizag (ABC) from...

Swarnendu_Mitra

Details on chart. NIFTY might have completed a Diametric Bow-Tie from 7511 low. Confirmation pending.

Swarnendu_Mitra

For people who wish to learn how to catch top or bottom in chart.

Swarnendu_Mitra Updated 

Small SL: Sustaining above first red line. (If SL goes, reverse just to recover loss, we'll be attempting another short near second red line with SL 15336.) Target is yellow channel low (+/-) 200 points, i.e. 800-1200 points. Will be a bumpy ride if this works out. And if this works out then TSL will be breakout above channel (sustain basis) as of now. No...

Swarnendu_Mitra Updated 

Z itself might have done a triple Zigzag and final z of Z has ended in a triangle. Confirmation sustaining below channel, But sell at CMP or higher with SL being new high above 15336.. Target after break of channel..

Swarnendu_Mitra Updated 

Dr Reddy's: Buy the dips at 46XX zone for new ATH. SL 4560 sustain. Alternately, if keeps going up without consolidating around 46XX, short at 5000-5150 zone for new low. CMP 4800 no trade zone.

Swarnendu_Mitra

Britannia: in crucial support zone. Further breakdown will indicate that the expanding triangle might be still at play.

Swarnendu_Mitra

Eicher motors: Short at CMP SL 3020 CB, target 2350-2140 positional..