The_Trader14

The_Trader14

TCS reached our Target 1 today successfully. Now it is heading for Target 2. It might retest the previous support line, which is now our resistance line. If at all it retest this resistance line then wait for confirmation of downward orelse it will freely reach our Target 2. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your...

The_Trader14 Updated 

Nifty has formed a head and shoulders. If the neckline is broken then expect a good fall in Nifty. Bulls will try to give a recovery but does not look like it will be long one. Keep a watch on neckline. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14 Updated 

We predicted a downfall if the support it breached and it reached our target 1. I expect it a pullback till new resistance line if it shows any recovery signal. If it continue sot breach the Target 1 then expect fall till Target 2. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14 Updated 

L&T shows weakness. It is currently stuck in the support channel. Strictly wait for breach. If this is breached then the Target 1 is mentioned. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14

L&T has showed a good downtrend and reached the support line. Currently market data shows that it is in no mood to break the support line. Most probably it will pullback from support line as it did in multiple instances. Look at a reversal signal and get into it.Will be a good trade. Play safe and Happy trade :) Note: Views only for educational purpose....

The_Trader14

TCS made a double top . Resistance & support drawn and marked. Downfall has taken a pause here as circled. Most likely if it breaks the support line then the fall will continue till the target line and resistance is broken(unlikely) you will get another 10 its rally. Keep trailing stoploss if taken any position so that you do loose profits due to any...

The_Trader14

Nifty has been moving pretty good after a small correction. Currently it is respecting the green trend line. Until and unless it does not breaches this trendline and the support line it is in uptrend. And today it took bounce right near the trend line and made a higher low. If global cues support and no bad news of flow then we can see Nifty going up again to...

The_Trader14

BankNifty is stuck in channel of supply and demand . My levels has not been changed since more than a week. Until and unless it breakout either way it will not trend. Strictly do not make any view orelse you will be stuck. Yesterday it went high and I was sure it will comeback as it rose without volumes. And today it cameback to the channel and closed...

The_Trader14

Nifty divergence spotted. Bet accordingly. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14 Updated 

As I mentioned in my previous post. Our blue lines of support and resistance are playing really good. Any breakout above resistance and below support in hourly timeframe will be considered for any trend further. RSI divergence has also been observed. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before...

The_Trader14

As I mentioned in my previous post. Channel of 11452 and 11552 is very critical for Nifty for any upside movement. As you see it comeback right from top. Hence for any long term views Nifty has to clear this channel. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14

BankNifty is showing weakness when Nifty is going strong. Also RSI divergence is seen in Banknifty and it might loose 400 points to correct it. Let wait and watch. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14

Nifty has given a strong reversal from 50 MA(Pink line) riding on positive global cues. If Nifty clears the channel of 11452 to 11552 then it will be in process of creating new high. Wait for confirmation before making any views. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade.

The_Trader14 Updated 

Nifty has been respecting the 50 MA pink line all this while. Now it is at the edge. It's make or break for Nifty. If it crosses pink line downside then the targets for 11000 and 10880 are open. it it reverses back then Nifty will start towards a new high for this season. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your...

The_Trader14

Banknifty really ran like a bull today without looking back. Highlighted red zone will be a strong resistance. Be careful here. Play safe and Happy trade :) Note: Views only for educational purpose. Consult your financial advisor before any trade. bxc

The_Trader14

Banknifty is back in our zone for third time but it is different this time as it has taken more than 20 days to comeback to this zone. Which talks about its stability. Hopefully it breakout this time orelse it might not reverse from the support point for 4th time as it will be going way below the black trend line which is not good. Until and unless it is in...

The_Trader14

Nifty worked as per our resistance and support. In my last post I mentioned red line of the triangle as a resistance and trendline as support. I have linked the Idea below for the reference. Nifty played the whole day between these and almost had 100 to 150 points of movement. The above said resistance and support are very crucial for Nifty for breakout or...

The_Trader14

Nifty has almost completed its retracement journey and today it filled the gap(yellow zone) too which was left in March. Most likely Nifty should start downwards journey and it will only start if Nifty will come out of the yellow zone downside. If Nifty breaks the red resistance line at the top then it will go above 11600 and will make a new high which is less...