Nifty closes strong above the resistance yesterday, looking for Green day.
Nifty at perfect support levels and the worrying part is the gap down open because of international tensions. Expecting Nifty to bounce back from the current support level, if breaks then the next support level is the target.
Nifty if breaks the head part then once again price will reach the previous high without doubt.
Banknifty took support from 50% of Fibonacci and if breaks the head part then it will reach the target, once again one can see the price at ATH.
Three times price took the same support and without mercy this time it breaks the support and opens down. Sometimes this happens, so always have a backup plan !! Plan 'B' is must . . . :)
Price moving along the trend line for the last one year and parallelly forming a triangle pattern which reached its pressure point and its ready to break. Wait for it !!
Price reached the strong support once again and wait for the price to move up, reversal candle is the key here. . .
Price getting ready to break the box with strong green candles after making a double bottom, this indicates this time it will definitely break the box and reaches the next resistance levels as marked. If CNXAUTO breaks the ATH then these Bull stocks also moves along with that flow, choose your stock easy !!! :)
Trading near ATH with strong phase, continues green on 4th week. Look at the Auto shares Hero yesterday gives 100 points. Now one can look for the auto shares and check if the trend is long then start investing small quantity of shares.
As the CNXIT is looking positive we searched for the IT stocks which looks positive for going long. But one should avoid such stocks which is completely out of the main stream. While all IT stocks are performing well only wipro is going down big, so avoid trading this stock as you have other good choices. Always gaps are dangerous neither up nor down have...
HCLTECH is trading near the ATH and it is about to break. It is expected to move another 250 points up as per the structure, lets see.
Price moving along the trend line for a longer period rejecting at least 6 times and finally shoots up breaking it and once again price reached the trend line and taking support, as the expectation about he IT is long once can expect Techm also will join the party. If the price crosses the previous high there is a good chance for the stock to move up and break the ATH.
Infosys after a long consolidation, meanwhile forms a triangle structure and breaks out to hit the target and moving beyond as with CNXIT
Price trading near the previous high, as discussed CNXIT is about to break the previous high these IT stocks should be the potential targets for the traders. One can wait for the breakout from the previous high or get it on when there is a retest of the breakout level !!!
CNXIT looks positive after taking the support from the previous high. Now price returned back to the breakout level and took support and moving up to break the previous high once again. Traders can target IT stocks which is about to break the previous highs or trading near the highs. . . .
Price after the bull run was in an accumulation phase for some time and now it breaks the level with a strong green candle for the week and closes above the resistance level, one can expect a retest of the breakout level. If some one misses the breakout level then add a small quantity at the current price and if price nears the breakout level then add the rest,...
PRice taking support from the trend line at the bottom and rejecting from the resistance level and now price will try to break the same to reach the ATH nd beyond.
Price rejecting from the trendline for a long time and it is about to break now. wait for the break before entering the trade. If price rejects again from the trend line then target the support level.