The_Trader14

The_Trader14 Updated 

Yesterday night I drew the formation on the chart but was waiting for market to confirm. Today it confirmed it by completing the right shoulder. If the neckline of this formation is broken, then expect more downfall. Play Safe & Happy Trade. Note: Views only for educational purpose. Consult your financial advisor for any trade.

The_Trader14

Maruti proved me right and followed my chart. From high of 7330 it fell to reach both our targets. Thanks to my followers for believing me :) Previous views on Maruti attached below to double check my levels. The chart remains the same. Happy Trade :)

The_Trader14

Nifty broke the resistance of 12000 mark and made a new high of 12280. As informed in my previous post Nifty above 11750 is no more good for correction and as said Nifty made a low of 11750 on 4th Nov before surpassing a 12200. Now it continuously gave 4 green candles on daily chart and hence don't be surprised if you see a minor pullback till the support line...

The_Trader14

Nifty retested our resistance as mentioned in my last post. Today morning when Nifty was at low I mentioned in my previous post not to go short and it worked. From low it reached our resistance. Tomm do wait for a down signal strictly to go short and sit on the downside. Nifty below 750 is good for correction. If for some reason 11750 is crossed exit from...

The_Trader14 Updated 

Nifty took exactly on my first support line. Chart remains the same since Oct 17 and Market is working as per our chart. It is respecting the support levels marked. Lets see if it takes support on S1 or Breach it to go down further. I am still bearish and My target is 11200. Hopefully Market gives a good correction. Play safe & Happy trade. Note: Views...

The_Trader14 Updated 

Maruti has respected our analysis and gave a sharp U turn. Most of the traders were bullish once 7200 was crossed but I remained bearish & waited to short at right time. Hence reaped the fruits. Hoping others got benefitted too. Market will try to change your view on it by giving some fake breakouts but you should remain stiff and have faith on your...

The_Trader14 Updated 

Maruti has been going upward since 22 Oct. 7200 will act as good resistance as per data. We can expect a selloff in next couple of days. Targets as mentioned on the chart. Play safe & Happy trade. Note: Views only for educational purpose. Consult your financial advisor for any trade.

The_Trader14

Nifty has rebound after minor correction. The levels drawn on chart remains the same for me and I have not changed it since 17 Oct. Below link for reference. I am still stuck on same thing which I repeated in my previous post. I am still short on Nifty. Sell on rise till it is below 12050. If crosses 12050 then it will be buy with strict stoploss. Because...

The_Trader14 Updated 

Nifty is currently in up trend and this is correction stage. Nifty is in small consolidation stage now as marked in the box. Friday was completely range bound after a bearish Thursday. I have marked the support levels on the chart from where Nifty is expected to bounce back and try to cross 12000. If Nifty fails to bounce back then it will try to take support...

The_Trader14

The chart shared here is the the old one which I published on sept 21,2020. Attached the link for the reference. I have not changed single thing here since last two months and here it is. Everything is working as per the drawn levels. Target 2 will be reached if it continues to stay below 132 and I expect it to take support on Target 2 for bounce back. Play...

The_Trader14

Nifty gave a double top formation. It has even broke the neckline. It will continue to slide till 11500 which will act as support. If this is broken the 11038 support can be seen in coming days. BNF too formed same double top formation and it also has support @ 22500 only. But before going short do wait for a pullback and then enter after pullback once you see...

The_Trader14 Updated 

BNF is currently in a consolidation zone. The consolidation phase might end tomm or might go for next couple of days too. But if BNF crosses the support line then immediate target will be 23150. Set the alarm. If resistance line is breached then target will be 24150. Set the alarm. Nifty is also stuck in a consolidation phase since last four trading sessions...

The_Trader14

Nifty fell from 12022 to 11870 and was going strong. Banknifty fell flat 500+ points after opening. Nifty was getting ready for a good pullback but our FM saved it again. Just immediately after our FM session it retained 90 points. And it closed strongly above 11900. Nifty has to cross the trendline downwards for the strong correction. If Nifty holds the...

The_Trader14 Updated 

Nifty was expected to go down from the previous high and give a correction but it made a new high and currently it is in over valued zone. For a healthy sustainance it should give a correction if it wants to sustain over 12000. Personally I feel longs should be done only intraday and do not carry overnight long positions. Because any small bad news can trigger...

The_Trader14

I see that TCS is ready to make M formation. Previously it did make a double top and I gave you the target 1 and it reached it. Now I see that it might retest the 2550 level and will comeback downwards. Any rise in TCS will be a good selling opportunity. After meeting our target 1 it rose back and is in process of making a formation. if it forms as per our...

The_Trader14

Nifty did gave a positive Friday and made a new low high. And the kickback was very much expected after Nifty continuously loosing the gains for more than 3 days. As of now Global markets are mixed. But now the question lies ahead is if Nifty will continue the gains or will start towards a new low ? There are two scenarios : 1) Let us suppose that Nifty will...

The_Trader14

DLF is at the crucial support area. If it is broken then Target 1 will be reached. Even if it kicks back from the support area it will give 10 points till resistance line. Whichever way it goes 10 point for sure. Hence strictly watch the candles and wait for the breach either ways. Data points is bearish as of now. Play safe and Happy trade :) Note: Views...

The_Trader14 Updated 

TCS has made a double top and reversed it gains. I had a feeling yesterday itself that it will tumble down but was a bit skeptical and wanted to confirm before bringing it for you guys. The below black line will be the Target 1 and will also be the support for its fall. Keep a strict stop loss incase any good news flows in. In profits do trail the stop loss...