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LT Since the breakout above 917 is trading within the pitchfork trend channel. Stock seen support near the lower trendline and resistance near upper trendline and its moving higher oscillating within the channel. After the results tried to breakout of the channel but faced resistance near multiyear horizontal resistance near 1590 and fell back within the...

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#HindUnilever took support at multiyear trendline and bounced on weekly scale and closed near high of previous week. RSIStairs took support near the 44 mark for 8th time. 35 RMA is again defended by bulls it seems. Though the last weekly candle was not a complete BullishEngulphing candle, the spread was wider with decent volume. If trades and sustains above 50...

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Can the Doji be converted to an AbandonedBaby (not the copy book one though). Its just authors imagination. As long as 14703 is protected, need to take caution. And most importantly daily RSIStairs must close below 45 for a favorable short trade. With hedging anyone can short at any level with known risk though.

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KotakBank attempted to breakout again but failed from its ATH 2028. Since then stock is making LH-LL structure. Today it formed a SoD candle on daily scale. RSIStairs has gone below 45. Sustaining below 1900 it can test 1829/1708 levels soon. How to trade with minimum risk with hedging, that you can decide.

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Wipro since results, making LH-LL price structure in daily scale. Stock is trading below 23.6% retracement levels. Once it closes and sustains below 38.2% retracement level i.e. 415.96 then high chances stock revisits 384/362 levels. How to trade with lowest risk may be 5000 per lot, you need to learn hedging. SL is NA if trading with fixed risk strategies which...

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#LT after a fabulous rally showing early signs of weakness. It has formed a DarkCloudCover pattern on daily scale. On a bullish market it noticed selling pressure and closed near the day low. If it trades and sustains below 1500 then high chances that stock will test 1447/1387 levels soon. #Caution

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In a bullish market price rejection was seen with SoD pattern as per VSA. Already short in this with hedge. A good mean reversion candidate. RSIStair is showing signs of weakness too. As long as its trading below 1319 on day closing basis, then high chances of Infy revisiting 1151. How to trade you can decide of your own. Hedged no loss strategies on upside...

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Kind of #ShootingStar pattern on daily scale with price rejection from crucial resistance levels. One may wait for a closing below 1600 to go short. Obviously with hedge.

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#BankNifty is this a #ShootingStar. Whatever price rejection near crucial resistance level. #Caution

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#Nifty weekly charts worth watching. Looking at the larger picture #Nifty completed nearly 200% gains by testing 15100 this year itself considering lows of 7500. And as per weekly charts it completed 261% retracement of the whole fall from 12430-7526. If we trust Fibonacci levels, and believe 15430 to be the interim top, then 23.6% retracement falls near 13564 as...

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Lets look at the weekly charts in #BankNifty. Its mirror reflection of the 23rd March candle with a long upper weak. Price rejection at higher levels is evident. Even a 23.6% retracement falls near breakout level of 32637. Can bears make it this time? Not sure. Lets not predict. Better trade the trend.

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#HDFCBank gives a double top breakdown below 1566 levels. Copybook target for the pattern is next support i.e. 1483. Stock has broken down below 35 RMA and RSIStairs also turned bearish in 75M charts. A perfect swing short at the moment.

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LT after a big rally showing signs of weakness for first time. Near 1600 levels price rejection is seen. Despite the government announcement on infra sector spending, price is too good to believe. To me it looks like a possible mean reversion candidate. Below 1516, it can retest 1387 levels. Would not be a bad idea to create a hedged short with 3 sigma cover on...

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#DRReddy notices EMA confluence and trading near polarity zone. Would like to go #Short with hedging near 4950-5000 levels for a good R:R trade. SL = 5182 on closing basis (as the trade is hedged longer SL). Target 4826/4668.

04:17

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Coalindia looks good to add to the portfolio for short to medium term. RSIStairs on weekly charts has turned bullish. On daily charts it has given buy signal as per MomentumInvest trade setup. On monthly charts it made an MorningStar pattern on November. During DEC/Jan it has made a TweezerBottom pattern on monthly scale. In current month also stock took support...

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Nifty approaching long term channel resistance. Time to exercise caution. Not the time to preempt short, but good time to book some profit on longs. Need reversal confirmation to initiate any kind of mean reversion trade.

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#BankNifty 20,447 crore turnover, means decent volume, still closed below VWAP. Closing 500 point below the high. On daily charts it has given another SoD candle. 35527 would be a LOC to go short positionally (obviously with hedge).

03:17

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#Reliance is so far the weakest link in whole Nifty segment which has not participated in the whole rally. Pre results rally also ended and stock closed lower. Price structure remains weak and stock may correct again. So good to create a bearish hedged option strategy at the moment.