These are the crucial Resistance and support zone in the JSW steel chart. On weekly tim frame it looks like flag pattern.
Nifty is giving breakout on friday seems promising breakout ,the bears managed to hold market below the trend line till last dec expiry but now bears look missing so my view is bullish on nifty for next week though the banknifty is week compare to nifty .
It is been seen that many new traders asking me about the crash in the andhra sugar which is going good according to our study. Please note that when stock split such things take time to get adjusted on chart that is why a big reg candle appears. Do not panic Modify SL at 112
1) As sugar theme looks a very attractive bet for the short term 2) This stock after a long time gave a very fine breakout 3) the volume pattern forming is also reasonable 4) Moving average break out with volume
Triangle pattern breakout, all sugar stocks are trending, Budget theme may play, Earlier we caught breakout in andhra sugar can see in comment section now it is avadh sugar. My concern is the volume which is not as like a breakout volume.
Nifty is trading in a channel where it retraced back nearly 550 points exactly from the lower trend line of channel ,as expected now all eyes are at the upper trend line of this channel ,if price approaches to it than we can see a fall from there .There is a major resistance level is place at 17600 which was a crucial support earlier. If you were in a buy trade as...
Recovery is possible from these levels as price reached to its support trend line of this channel pattern. A bullish candle formed with a big volume adding up confidence. Trade can be triggered from the high breakout of today's candle and low will be the stop loss of this positional trade.
These Levels are very crucial formed in a sideways market. This levels are very useful for Intraday trades.
Nifty is trading in a channel where it retraced back nearly 550 points exactly from the lower trend line of channel ,as expected now all eyes are at the upper trend line of this channel ,if price approaches to it than we can see a fall from there .There is a minor resistance level is place at 17200 which was a crucial support earlier. If you were in a buy trade as...
As after the bearish setup on daily time frame the market is falling making inverted flags again it looks like an inverted flag which is a decent flag but it is wide than previous one so triggering a selling trade may looks like going with the trend but will be a less potent trade setup we have to find a setup which is more potent will less stop loss the target...
If you shift to 2 hr time frame you will notice that market is in a falling channel making lower lows and lower highs Market also making reversal patterns at either ends of channel so while creating a position and anticipating reversal this analysis can help to arrive at a better decision.
Market is strong bullish , but these are some early signs that makes every trader conscious. I think market can correct time wise. after a sharp rally market consolidates it is happening from last 6 months I am observing this pattern and again the possibilities of the market to correct from this point of time. Bearish engulfing pattern can be seen on daily chart.
National aluminium is taking support at trend line from past several months and respecting the trend line religiously last touch was a decent opportunity to trade on , as we captured it correctly and now it came again at the trend line but at this point i think we should wait and let it form setup before we enter.
This levels is been tested for four times and a sharp move has been observed each time so keep an eye on this level. If price make any setup than that will be a good opportunity.
Keep trailing your stop losses if market is active you should also be active. According to price action these are the next support levels let us see what market will do at those points.
Many people ask me how to find a crucial support area now this it a perfect example of it , It is not an recommendation It is just an observation. If you see here the zone of 1250 to 1260 is a crucial support zone which is tested for more than four times. The overall trend of this stack looks sideways. This is a perfect scene if you find and trade a reversal...
Overall trend is very bullish future looks good of this corporation from this point of time we can see a continuation of the trend.
Triangle pattern formation Keep it in watchlist. stock trading below a major resistance so long term trend is weak.