Trader_Scorpio

Trader_Scorpio

$Bankniftu has formed a firm support at 43700. It has formed a green candle on daily chart. Wait for buy signal on daily chart.

Trader_Scorpio

NSE:NIFTY formed a green candle on daily chart. 19300 is a strong support now. Supertrend is still red, there is no confirmation for going long. Wait and watch.

Trader_Scorpio

NSE:NIFTY weekly trend is clearly negative. It is following a trend line, as marked. 19200 could be a support, due to Gap up previously.

Trader_Scorpio

The NSE:NIFTY tested the crucial support of 19300 and managed to closed above it forming a long legged doji candle on daily chart. One should wait for next candle formation to observe the direction.

Trader_Scorpio

NSE:BANKNIFTY formed a long legged doji candle on daily chart. It is on it's daily pivot support level of 43700. The trend is negative, it may test the support 43700. 43300 is next support. In case of reversal 44600 will be a target and resistance.

Trader_Scorpio

NSE:NIFTY is consolidating between the range of 19480- 19300. On breakout at anyside, any trade can be planned. Upside is having resistances as marked. Downside having support at 18800 level.

Trader_Scorpio

Banknifty has given bearish indication. The indicator has given sell signal, however one should watch to cross it below the critical support level of 43361. Above 44130 there will be a chance of reversal.

Trader_Scorpio

Nifty formed consecutive 2nd green candle on daily chart. It remained within the channel. It took support at 19300 and rallied back to day high. S/R: 19300 / 19660

Trader_Scorpio

Nifty tested it's support of 19300. Open with gap down, making a low of 19275, witnessed with sharp pullback and closed with green candle. 19300 is strong support and 19660 is point of resistance.

Trader_Scorpio

Nifty Weekly Chart shows bearish trend. It was closed red consecutive three weeks. It is hard to establish any support on weekly chart. However last week's high (19800) and low (19300) can be considered as support and resistance.

Trader_Scorpio

Nifty open and closed outside the channel. Today's candle confirmed the downside. Nifty closed below the important support level of 19500. Trend reversal is yet not confirmed. But one should exit from longs and Book profit if any. 19300 is the important support to observe.

Trader_Scorpio

Nifty has closed below the bottom of the channel. Indicating to be cautious. One more close outside the channel shall indicate the support of 19330- 19300. Next resistance is 19660. Broad range of nifty shall be with in 19300 to 19800.

Trader_Scorpio

Bullish on reliance. Would stay long if price stays above the resistance of 2532.

Trader_Scorpio

Nifty is taking support at the bottom of channel and formed bullish candle on daily chart. Stay long!!!

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Clear Breakout froming head and shoulder pattern on hourly chart.

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Nifty on hourly chart has shown positive move. It's closed and crossed above the pivot point and The near resistance(R1) is 19780. It's also crossed above the support trend line. Expect it to remain in the range of 19540 and 19780.

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On weekly chart Zomato is making higher highs. It seems a good buying opportunity trailing SL of MA9.

Trader_Scorpio

On hourly chart, CAMS has moved below the pivot point, has near support S1 at 2297 and S2 at 2261. Supertrend indicated sell at 2360. Expect more downside till S2 level, unless there is some unusual volume/ news.