Trendz9

Trendz9

As per previous analysis Nifty is in long position. Sl was given @ 19434, Today nifty made low of 19500, trail sl to 1% below todays low.

Trendz9 Updated 

As said earlier to go short below 435, But ITC bulls didn't gave up and holded to it's neck line. Today ITC closed at 443 making range of 7 points only for last 7 days. In previous trading in June ITC had made same pattern (see green horizontal line). Conclusion Range had narrowed down, so break above or below is immennient. After narrow trading range it...

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As per our previous analysis long position is initiated As said SL is below yesterday's low ie 19435, that is 125 points loss 50 x 125. But if sl is triggered then to wait for 1hr before closing position. Target is 20000, + - 150 points that is 50 x 400 R R R is 1: 3.5 So trade according your risk capacity. If one can't take risk it is advisible to buy option...

Trendz9 Updated 

ITC had completed Triangle and H& S pattern and had closed well below it. Today price had broken the shuder of ITC. Conclusion Sell ITC below 435 with SL above 440. Trgt 385.

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Today as per ournanalysis Cignity had made high of 852 and closed at 832 . Hence QST trgt is completed. Hold for higher levels.

Trendz9 Updated 

As said in previous analysis , Entry in Nifty depends on break above or below triangle pattern, where resistance line is also placed.Today long entry-level was well above triangle and resistance line, but nifty had given only 50 points move above triangle. Hence it was not worth going long at this point of time. Nifty also had not showed proper trend reversal on...

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Nifty also had completed Triangle pattern. So wait for breake above or below Triangle. Thus will give good movement in nifty if caught right.

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Sale was given below 19180 but nifty reversed from 19255. Nifty made high of 19458 , 200 points rise from low is decent gain in nifty, this makes nifty in notrade zone and stucked in 200 point range. Buy or sale decession will depend on brake of this levels comfortably. Conclusion Wait for direction.

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Nifty had completed H&S pattern 20 Dema crossing below 50 Dema confirming sell signal. 0.236 Fibonacci support contracts with shoulder line and support resistance line Conclusion If nifty break below support and shoulder line I.e 19180 then 0.386 fibonacci levels can be achived. Sell below 19180 for 18700 trgt.

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As per trend Cigniti is going well in falling market. Today it had broken above falling trend line. This gives confident, keep trailing sL at 2% below cost.

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Cignitytech was consolidating from March 2023 in 50 points range after making high above 925. It had retraced 25% and consolidated between 795 to 745. This is making strong candidate to retest 9025 livels. First target is .382 Fibonacci level @ 832 and 0.500 @ 874. ie 3% to 8% return on investment

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Grasim has also completed weekly H& S pattern, Reare occasions both weekly and Daliy time frame H& S pattern is formed. This makes stock more.bullish. Weekly target is 600 plus. SL is close below.shoulder line

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Grasim on daily time-frame had completed H&S pattern It is trading above neckline It has consolidated b%w 1400 and 1800 . Todays price closed above 1800 This give comfort.to enter Grasim for H&S pattern target of 2100 which is 20% over all upmove

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After breakout of neckline Dow again retressed to 50DEMA and continued it's uptrend Target of H&S pattern was set to 35k which completed. Now all markets over world are in no trade zone. If DOW move up to blue line corner then one can think to short

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Tata Steel today reached 1st target and retraced. As afler long consolidation it had broken.out @115 its should reach 125. Now SL is 114.

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May 2021 to Oct 2022 KSCL was in downtrend. It had corrected from 800 to 420 ie 50% correction It habnow retressed 0.382 fibonacci and moving up to 0.500 and 0.618 fibonacci as ROC is confirming uptrend. On weekly chart it had completed H&S pattern and target of it is 150 point 580+150 = 730.

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Brent is on way to complete its 0.618 target. Given to book profit @77.5 or hold.wit SL at cost. Now trade is over in Brent. If holding can keep SL of 77. Wait for.next Analysis.

Trendz9 Updated 

Nifty gave high of 19435, which could be first lower high after making high of 19550. Tomorrow lower high could be greater than today's one Nifty had made bearish harami pattern. As per degree angle theory Nifty had not blown above 57 degree angle This simply means nifty is o er bought and can adjust itself to 19100 to 19200 levels. For short position 19480 is...