TradingEdge_Academy

TradingEdge_Academy

HCL TECHNOLOGIES #HCLTECH - MOVING IN AN UPWARD TRENDING CHANNEL - FORMED AN INSIDE BAR PATTERN INDICATORS: RSI - ABOVE 60-LEVEL AND IS BULLISH CVD IS POSITIVE TT2 TREND IS BULLISH AS WELL COMMENTS: 1. BUY ABOVE 594 SL 573 TGTS - 623/634 2. SELL BELOW 573 SL 394 TGTS 561/542/527 KEEP AN EYE!! NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND...

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COLGATE-PALM (IND) #COLPAL - FORMED A TRIANGLE PATTERN - TOOK SUPPORT FROM 400EMA ON 30MINS CHART. INDICATORS: RSI IS AT 60-LEVEL AND IS BULLISH TT2 TREND IS BEARISH IS 30MINS & BULLISH IN DAILY TF. CVD HAS TURNED POSITIVE COMMENTS: 1. BUY ABOVE 1405 SL 100EMA TGTS 1418/1425/1434 2. SELL BELOW 400EMA SL 1395 TGTS 1361/1350 KEEP AN EYE!! NOTE - BREAKOUT HAS...

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TATA MOTORS LTD. #TATAMOTOR - MOVING IN A NARROW RANGE - TAKING SUPPORT FROM 100EMA AND THE TRENDLINE - FORMED A TRIANGLE PATTERN ON 30 MIND CHART INDICATORS: RSI - 50-LEVEL; SiDEWAYS CVD - NEGATIVE TT2 TOOL IS BULLISH COMMENTS: 1. IF UPSIDE BREAKOUT IS GIVEN BUY ABOVE 109.6 SL 100EMA TGT 111.25/112.6/114.25 2. FOR DOWNSIDE BREAKOUT SELL BELOW 104.35 SL...

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ASIAN PAINTS LTD. #ASIANPAINT - MOVING IN A NARROW RANGE - FORMED A TRIANGLE PATTERN - TOOK RESISTANCE FROM 100EMA AND SUPPORT FROM 200EMA ON 30MINS CHARTS. INDICATORS: RSI IS NEUTRAL TT2 IREND IS NEARISH IN 30MINS BUT BULLISH IN DAILY CVD IS NEUTRAL BULLISH COMMENTS: 1. FOR UPPER BREAKOUT BUY ABOVE 1720 SL 200EMA TGTS 1745/1762/1783 2. FOR LOWER BREAKOUT SELL...

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NIFTY BANK #BANKNIFTY CURRENT RESISTANCE - 22950 - 23050 CURRENT SUPPORT - 22740 - 22725 ABOVE 23080 RESISTANCE IS 23170/23260/23380 BELOW 22670 SUPPORT 22550/22490/22405 KEEP AN EYE!! ***this is my personal view. Please take advice from your financial advisor before investing.

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TATA CONSULTANCY #TCS - MOVING IN A NARROW RANGE - FORMED A TRIANGLE PATTERN - TAKING SUPPORT FROM 100EMA AND RESISTANCE FROM 50EMA. INDICATORS: RSI IS BELOW 50-LEVEL AND IS BEARISH CVD IS NEGATIVE TT2 TREND IS BEARISH IN 30 MINS COMMENTS: 1. BUY ABOVE 50EMA SL 100EMA TGTS 2246/2277/2300 2. SELL BELOW 100EMA SL 50EMA TGTS 2160/2130 KEEP AN EYE!! NOTE -...

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GODREJ PROPERTIES #GODREJPROP - FORMED AN NR9 PATTERN & INSIDE BAR PATTERN - TAKING SUPPORT FROM 200SMA INDICATORS: RSI IS NEUTRAL TT2 TREND IS BULLISH CVD IS POSITIVE COMMENTS: 1. BUY ABOVE 890 SL 870 TGTS 904/909/915 2. SELL BELOW 870 SL 900 TGT 850/844 KEEP AN EYE!! NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST...

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CIPLA #CIPLA - MOVING IN A NARROW RANGE - FORMED AN INSIDE-BAR PATTERN INDICATORS RSI IS BELOW 50-LEVEL AND IS BEARISH TT2 TREND IS BEARISH CVD IS NEGATIVE AS PER INSIDE BAR RULES: 1. BUY ABOVE 648 TSL 632 TGTS 657/669.50 2. SELL BELOW 632 TSL 648 TGTS 623/612 KEEP AN EYE!! NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE...

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NIIT TECHNOLOGIES #NIITTECH - MOVING IN A UPWARD TRENDING TRIANGLE PATTERN - TAKING RESISTANCE FROM 1575 LEVEL AND SUPPORT FROM 100SMA. INDICATORS: RSI - NEUTRAL/SIDEWAYS AT 50-LEVEL TT2 TREND - BEARISH IN 15MINS AND BULLISH IN DAILY TF CVD - ALMOST NEUTRAL COMMENTS: 1. SELL BELOW 1550 WITH TSL 1580 TGTS 200SMA/1500 2. BUY ABOVE 1615 SL 200SMA TGTS...

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BAJAJ FINANCE LTD. #BAJFINANCE - MOVING IN AN UPWARD TRENDING CHANNEL. - FACING RESISTANCE FROM SUPPLY ZONE INDICATORS: RSI - NEUTRAL TT2 TREND - BULLISH CVD - POSITIVE COMMENTS: 1. ABOVE 3415, NEXT RESISTANCE IS 3500 SUPPORT 3300 2. BELOW 3250 NEXT SUPPORT 3175/3125 RESISTANCE - 3375 KEEP AN EYE!! NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME...

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NIFTY 50 #NIFTY CURRENT RESISTANCE - 10830-10850 CURRENT SUPPORT - 10754-10734 ABOVE 10850 NEXT RESISTANCE - 10910/10960/11095 BELOW 10734 NEXT SUPPORT - 10704/10630/10550 ALL INDICATORS ARE NEUTRAL TO BULLISH RIGHT NOW. KEEP AN EYE!! ***this is my personal view. Please take advice from your financial advisor before investing.

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SUN TV NETWORK LTD #SUNTV - MOVING IN A NARROW RANGE; IN A DOWNWARD TRENDING CHANNEL - FACING RESISTANCE FROM 400EMA ON 30MINS CHART. - FORMED AN INSIDE BAR PATTERN IN DAILY TF INDICATORS: RSI AT 40-LEVEL AND IS BEARISH TT2 TREND - BULLISH CVD - POSITIVE CONCLUSION: 1. BUY ABOVE UPPER CHANNEL SL 386 TGT 400 SEE IF THE PRICE BREAKS ABOVE 403, BUY AGAIN WITH TGT...

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TORRENT PHARM #TORNTPHARM - MOVING IN A NARROW RANGE - FORMED NR9 PATTERN INDICATORS: RSI IS AT 40-LEVEL AND IS BEARISH TT2 DAILY TREND IS BEARISH CVD IS NEGATIVE CONCLUSION: AS PER NR9 RULES 1. BUY ABOVE 2375 SL 2338.80 TGTS 2462/2548 2. SELL BELOW 2338.30 SL 2375 TGT 2287/2235/2164 KEEP AN EYE!! NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE...

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#WIPRO - MOVING IN A NARROW RANGE IN A CHANNEL. - TOOK SUPPORT FROM THE TRENDLINE. INDICATORS: RSI TOOK SUPPORT FROM 40-LEVEL AND IS MOVING TOWARDS 50-LEVEL. #BEARISH. TT2 TREND IS BEARISH IN 30MINS ND BULLISH IN DAILY TF CVD IS POSITIVE. CONCLUSION: 1. IF TRENDLINE IS BROKEN SELL BELOW 221.6 SL 227.5 TGT 218.45/214.9/213 2. IF UPPER CHANNEL IS BROKEN BUY...

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TATA MOTORS LTD. #TATAMOTOR - BROKE A MAJOR SUPPORT AT 108.50 - GAVE A BREAKOUT FROM DOWNWARD TRENDING CHANNEL - TOOK SUPPORT FROM 100EMA AND HISTORICAL TRENDLINE. INDICATORS: RSI NEAR 25-LEVEL AND IS BEARISH TT2 TREND TOOL IS BEARISH IN 30MINS TF CVD IS NEUTRAL. CONCLUSION: 1. FOR FURTHER DOWN MOVE, PRICES NEED TO BREAK THE TRENDLINE AND THE LOW OF...

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UPL LIMITED #UPL - PAID RESPECT TO BOTH THE HISTORICAL TRENDLINES ON 30MINS CHART. - PRICE TOOK SUPPORT FOR 200EMA. INDICATORS: RSI - BELOW 40-LEVEL AND IS BEARISH. TT2 TREND IS STILL BULLISH IS 30MINS AND DAILY TF. CVD HAS TURNED BEARISH. CONCLUSION: 1. IF THE PRICE BREAK LOWER TRENDLINE. SELL WITH STOPLOSS AT 100EMA FOR THE TARGETS OF 400EMA/422.10 ON 30MINS...

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Market Outlook for Wednesday, 08/07/2020 On Tuesday after a gap up opening of 39 points at 10802, Nifty made a high of 10813 and due to selling pressure came down to 10689 and at end closed 36 points up at 10799 forming hanging man pattern at the top which has a bearish implication. Oscillators – currently stochastic is quoting in a highly overbought zone at 93...

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POWER FINANCE CORP #PFC - SIDEWAYS; INSIDE BAR PATTERN - TAKING RESISTANCE FROM 100EMA INDICATORS: RSI - AT 50-LEVEL; SIDEWAYS TT2 TREND - BULLISH IN 30MINS & DAILY TF CDV - POSITIVE!! AS PER INSIDE-BAR PATTERN STRATEGY: 1. BUY IF 88.50 IS BROKEN TSL 84.50 OR SL 100EMA TGT - 89.55/91.5/93.5 2. SELL IF 84.50 IS BROKEN TSL 80.50 OR SL 100EMA TGT -...