ThatLadyTrader

ThatLadyTrader Updated 

Bearish Flag pattern in forming in the underlying ahead of important event being Quarter 4 Results. Let's see how it works out.

ThatLadyTrader

Bearishness appears overpowering the stock fueled by weak sales data for entire Q4, when compared to YTD. 6th April's candle indicating bears in power with long wick, which is also coinciding with Harmonic Potential Reversal Zone with some buffer points. With Above the High of 6th April as SL, downside moves may be witnessed on chart in coming sessions. Let's see.

ThatLadyTrader

Backed with the Q4 business updates that says company has recorded: - highest ever increase in customer franchise in FY 2023 - new loans booked at 7.6 million vs 6.3 million (YoY) - AUM up 29% YoY a possible range of falling channel of 4.50 - 5.0% may be seen on charts ahead of RBI rates decision ahead this week. negation of long view happens below 5520~ Let's see.

ThatLadyTrader

Gartley Harmonic Pattern has activated in Reliance in 2H timeframe. Potential Reversal Zone according to the said structure appears in the zone of 2366-90. Let's see.

ThatLadyTrader

Continued bounce from 17800 level in the index making it a make or break level. Not only the repeating hitting at the said support level is making it weaker, while also acting as defense zone from the bears. Weekly close has been as a doji, so uncertainty hovers for upcoming sessions. Let's see if the marked levels may guide us in intraday trades.

ThatLadyTrader

Falling channel has been identified after index took a hit from upper line of falling wedge from Daily chart. Expecting 17800~ level to act as support on immediate basis, if catches up. Probably the falling channel is indicating @ sell on rise scenario. No positive updates on fundamentals front. Let's see. :)

ThatLadyTrader

CNY + USD + INR CPI data awaited this week + Result session begins. Time to trade cautiously. In this chart, I have marked important intraday levels. Let's see how it plays out.

ThatLadyTrader

After the breakdown of Rising wedge (marked in purple), I'm looking at the intraday trade probabilities with R:R ratios highlighted with Green & Red colors, that's my own fraction of imagination which should not be treated as recommendation or suggestion to trade.

ThatLadyTrader

Price moving within parallel channel. Upper levels may act as resistance while 100 ema on 15 min chart or the purple line that's drawn may act supportive.

ThatLadyTrader

Combination of RSI + rising wedge on 15 min may result in good fall if index inches towards 18300 level, which is also supported by good CE OI build up at the mentioned level. I will be looking at the trade zones according to assigned colors. This should not be treated as recommendation.

ThatLadyTrader

Rising wedge formation usually indicates upcoming weakness. If it triggers, we may see index approaching downside levels. I have marked my probable trade levels with Risk : Reward ratio for my personal reference , it should not be taken as reference.

ThatLadyTrader

EMAs : 50, 100 ; 100, 200 are approaching to their confluence in 15 min chart. Looks like a good set up for upside might be brewing on short term basis. Let's see.

ThatLadyTrader

Nifty Has probably formed its bottom yesterday itself for short term (at least). Updates about Ukraine war coming in with a hint of willingness to end the war from parties. This is my basis for expecting a short term bottom formation. Updates awaited in this regard. For tomorrow's session, have tried identifying some levels. Marked expected entry levels are my...

ThatLadyTrader

Usually 200 ema plays as a strong Support or resistance level, considering where it is positioned from current price levels. If further downside has to be seen on charts, prices may take a pause or a bounce back from 200 ema on Daily.

ThatLadyTrader Updated 

Round pattern supporting the TGT of 447. Not explaining further.

ThatLadyTrader

The news side: IEX is to commence trading on GTAM from this Friday, 21st August 2020, which gives the stock good support as well as a boost for a good upward movement. The levels: The 196 level seems cautious, may work as resistance. However, the latest formed depth of head & shoulder pattern gives a target of 200+

ThatLadyTrader

Cup with Handle formation. Depth of handle shows 60 points confirm support. Target anywhere between 1360 to 1370.

ThatLadyTrader

Radico will soon reach the resistance level of 435. Swing Target should be of 433. However, at resistance, I can see a bullish pattern which may further move the stock up. Trailing Stop Loss will work.