TheStocktrader_Skn

TheStocktrader_Skn

Last Friday The index closed @ above 17500 which was a possible reversal zone ( 61.8% retraced from previous rally) We will see strong resistance @ 17700, if nifty manages to break then possibly will reach 18100 and will complete the cup & Handle pattern. My view will be buy on dips until we are above 17500 level. If the index is rejected from 17700 level we...

TheStocktrader_Skn

Indusind Bank completed Cup pattern What's Next?? Situation -1 - We may see a breakout, Retest and a huge up-move towards 1740 Situation -2 , Price may retrace and fall towards 1000. At least 50%+ retracement from previous swing will be considered healthy. Note - Trading is risky and please enter to trade after consulting to your financial advisor. Above...

TheStocktrader_Skn

The scrip is in a flag on a pole patten. if we see bounce from this level we may see good up-move. keep In radar

TheStocktrader_Skn

Wednesday we saw index closed above 41300 which was a resistance previously but on Thursday it failed to hold the level and prices rejected from higher level. Till we are holding below 41300 its a sell on rise. Some retracement is possible on this index. Expecting correction till 39900 level.

TheStocktrader_Skn

The index is possibly going for Cup and handle pattern. Today we may open near 17770 -17800 range where price was rejected multiple times. even in the last gap-down price shown a significant up-move. Lets see if we are able to bounce this time or not,

TheStocktrader_Skn

On daily chart the scrip moving on HH pattern, Yesterday it broke of a flag type pattern, Keep the stock in radar

TheStocktrader_Skn

#Nifty- facing good resistance @ 18080 -18100 level, Price rejected multiple times from the zone also this time we have seen rejection. Situation 1 -If Nifty sustains above 18100 for 15 min then initiate longs Situation 2- on a downside 17870-900 is a buying zone, can see reversal Situation 3- if Nifty sustains below 17850 for 15 mins then can initiate shorts.

TheStocktrader_Skn

About to complete Cup & handle Reversing after 50% retracement of previous rally. HH pattern on Weekly chart Cup Pattern on Monthly chart Buying Zone - 870-880, SL 860 on daily closing basis

TheStocktrader_Skn

Preparing for a big rally, keep auto stocks in radar specially Maruti,

TheStocktrader_Skn

After a long consolidation finally its looking like a flag on pole, keep in radar.

TheStocktrader_Skn Updated 

Index is paused in a range of 200 points for multiple day's now. Sellers trying hard to bring it down but buyers ate not in a mood to give up. Today is the classical example when the 1st min candle itself absorbed 115 Mn shares, Exceptionally high volume and whole day price traded above the range. my view is bullish till nifty holding today's low. Soon we may...

TheStocktrader_Skn

1 day TF Beautifully it formed a structure, broke out and Looking like its about to complete the retest. A strong move possible once scrip sustain above 380 on daily chart. Keep in radar

TheStocktrader_Skn

IT index and IT stocks was pulling nifty down & we are observing the downtrend since Jan 22 but looking like we are approaching to an end to it. A series of up move is expected in this Index. On an Hourly TF index is bullish above 28k, On a 4 Hr TF index is bullish above 28.5k On a daily TF index is bullish above 29k On a Daily TF index is bullish above...

TheStocktrader_Skn

The Index is consolidating since long time and there is no clear direction, but index is some how forming a pattern of inverted HnS, Not a perfect one but its appearing same way. lets see what's ahead.

TheStocktrader_Skn

For bank nifty 39500 is a crucial resistance. we have observed that on Tuesday and even today index tried to break and attempted multiple times but failed to sustain and there is high possibility that bank nifty can see 38k soon.

TheStocktrader_Skn

As per the current wave, Nifty is forming a lower Low pattern and can initiate short till nifty is below 17720 - 17800. Previously the zone worked as a resistance and again we are observing the strong rejection from the zone. As per my view we can see 17k soon.

TheStocktrader_Skn

#BankNifty-- Since 33k the index is moving like anything and Tuesday we saw a great move of 3.5%. Finally looking like index is forming a flag and pole pattern. over all pattern is positive and can initiate long after confirmation. Pattern can be negative below 38k. till we are above 38k is a buy on dips. Note- Its my view, Please initiate trade after...

TheStocktrader_Skn

SBIN consolidating below resistance and forming a Pole & flag type pattern. Possibly we may see a strong momentum in SBIN. Keep in radar