🟢#Nifty BO above monthly R2 and previous ATH of 19997 levels 🟢Festive/results season ahead. Nifty trading in blue sky zone. 🟢All averages & oscillators are bullish. RDX momentum score 5. 🔴Its near longterm trendline resistance connecting 6357-18604 🔴Index is little overstretched and trading far away from MA's 🔴Nifty reversed from traditional pivot R3 of 20200...
IT index getting momentum. Good to buy Nifty IT ETF's above 29659 till its trading above 28300. 🟢RSI on 2D TF looking good & trading above 55. 🟢After long consolidation its time to go higher. 🟢RSIStairs given a buy signal with VCP pattern.
🔴Nasdaq broken 20 DEMA with VolexP. Resistance near 15620. 🔴Currently trading lower end of the rising channel. Breakdown 🔴Once 15000 is taken away by bears, it can do trend reversal.
🔴All four major index ETF's in US markets has broken down. 🔴ETF's trading below their 20 DEMA. RDX momentum score<5 🔴Higher volume on sell days & lower volumes when they rise 🔴Daily RSI about to break 40 mark and go lower and lower 🔴SuperTrend also indicating trend change & gave sell signal 🔴Indian markets may follow the suite and have broken 20000 🔴Exercise...
🟢RSI (14) on the #CRUDE UKOil 4D chart has crossed 50 mark 🟢Crude taken support near the long term support of 70 mark. 🟢It has given buy signal at 74.60 on VSA Momentum indicator. 🟢Can go to 89/99 in up coming months. Medium term. SL-70
🟢1W charts indicate capitulation & volume explosion near 175 🟢GRMover taken support at 166 & has entered stage 1 uptrend 🟢It has given buy signal at 192.10 on VSA Momentum indicator. 🟢Will buy at CMP. Add more on decline near 179. SL=166 WCB 🟢Above neckline resistance of 208 stock will start fresh uptrend
🟢JUBLFood is ready for a trend reversal near the LTP = 490.4 🟢Gave buy signal @490.4 on VSA Momentum indicator. SL 419 🟢Will buy on dips or add more around 448 with 1% loss/trade
🟢Atul seems to have ended correction & can start up move. 🟢VSA Star candle is formed with strong price volume action. 🟢On daily charts RSI crossed 60 with big Eiffel Tower candle 🟢Looks good for a long with SL = 6404. Target of 8900/9470. 🟢Will follow 1% max loss per trade with right position size.
🟢2D charts indicate capitulation & volume explosion near 300 🟢Campus taken support near the long term support of 280/297 🟢It has given buy signal at 306.25 on VSA Momentum indicator. 🟢Can move up towards 379/417/472 in up coming months. SL-275
🟢2D charts indicate capitulation & volume explosion near 500 🟢Krishna taken support 480. About to enter stage two uptrend. 🟢It has given buy signal at 527.65 on VSA Momentum indicator. 🟢Add more on declines near 480.SL= 445 on week closing basis.
🟢2D chart indicate capitulation, volume explosion near 250.0 🟢BIRET taken support near the long term support of 250 mark 🟢It has given buy signal at 257.5 on VSA Momentum indicator. 🟢Can move up towards 280/303/333 in coming months. SL-240
🔴#Nifty 3D charts after testing RSI = 80 retracing down. 🔴Similar patterns earlier have given decent corrections. 🔴Would like short with SL = 20000 on day closing basis.
🟢RSI (14) on the Zeel weekly charts has crossed the 60 mark 🟢Price & Volume indicate its ready for bullish trend reversal 🟢Strong support at 165. A buy on dip candidate 200/185/171 🟢SL wide. Hence will accumulate slowly with 1% loss / trade
🟢RSI (14) on the #XAUSD Gold 4D charts has crossed 55 mark. 🟢Gave buy signal @1955 on VSA Momentum indicator. SL 1902
🔴#BankNifty is ready for a trend reversal below LTP = 44498. 🔴Gave sell signal below @45000 on VSA Momentum indicator. 🔴Will sell on rise with a SL of 46310. Maximum 1% loss/trade
🔴RSI(14) after hitting the 80 mark is cooling off. RSI < 60.00 🔴Price & Volume indicate its ready for bearish trend reversal 🔴20000 is a big psychological resistance level. #Short SL =20K 🔴I Shorted with hedge & SL=20K as reversal can be swift also 🔴Expect sideways move for 2-3 expiries or a mild correction 🔴Its always wise to hedge longs or book partial profits here.
🔴 While global markets stabilizing Nifty trying to break 20 DEMA. 🔴 I will stay cautious in case 18463 is taken out on closing basis.
🟢After a decent correction Dow is all set to see new high. 🟢This IHNS formation if succeeds Dow can print 37800. 🟢Monthly and bi-weekly RSI trading above 55 & bullish.