Trendz9

Trendz9

After 50 % up move nasdaq is showing some fatigue. No index stock make o e side up m94ve or Down move it always retrace after 25% or 50 %. Nasdaq is showing signs of retracement. 1 distance b/w 20 and 50 Denma is 1000. 2 Nasdaq had broken 1st support line. 3 Nasdaq is half way to 0.218 retracement level which is @4197. So 4197 is imminent.

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Tat steel as said is 9n way completing is right shoulder. It had completed 115 neck line target as said and is trading below it. More time it remain below neckline , target will be more higher.

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Stock had came down from 1580 level to 550. That is 75 % break down. ow it had formed.bottom at 595 and moved above 0.238 retracement. Next retracement 0.318 is placed at 940. So there 8s good 75 points gain. When ever stock cross 0.238 retracement level and trade there for two three days, possibility for reaching higher retracement level increases. MacD is...

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Rising star formation at 20 ; 50 dema with today's long candlestick formation makes DOW long candidate. As said shorts sl has triggered as said if Dow cross yellow resistance line. Till now candlestick is not complete, but if it rade for more 1hr here then rising star pattern is confirmed. Long position can be taken.

Trendz9 Updated 

Nifty had closed below SMA 9 and 20 EMA. Possibly Nifty may move near 9 SMA and % SMA where shorts can be initiated. If Nifty open below 20 EMA, then also shorts can be initiated. Now SL is of 280 points so shorts can be covered according to risk capacity Low risk traders can cover shorts if nifty close above 5 EMA ie 18800

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DOW completed its H & S pattern, tried to move above it and then again came below neckline. Now for short traders it is a visible and concrete SL . Mac D is below signal line which is sell signal but 20 DEMA has crossed 50 DEMA which is bullish sign. So, there is confusion. Short term support line joining lower high is showing next lower high is placed at. appx 33200.

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ADANI had comp9leted it's 50 % retracement . 9 DSMA is also placed at 50 % retracement level. Also it had broken 20 DEMA support. News about adani inquiry in US also support short. Price to book value is 6 times pe is 81 times. At this high valuation and where inquiry pending against company makes it vurnable to price correction.

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Ptc had retraced 0.382 level of rise from 40 in 2021to 140 @ 72. Now on monthly chart it had noved back to 0.786 level, rise from 40 to140. Here PTC should become sideways, as it is low beta stock. So booking 50 % Profit is recommended. Trade should be taken on your own risk, as this chart reading is only for educational purpose.

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If we see Dow on monthly basis then we see 1. Parallel channel from 2016 moving in upward direction. 2 Wave A,B,C,D & E completed. 3 Wave 1 2 3 4 completed and now wave 5 is in progress 4 Index is moving downwards along with lower high trend line which is crossing short term support line from 2017 onward at wave 5. On Dec 18 and Oct 22 Dow had reversed its...

Trendz9 Updated 

Nifty from last 3 days is trading in narrow range of 80 points from 18880 to 18000. Always when range becomes narrow, the next day or so range increase. If 18800 is broken downside is at least 200 points ( 18800-200=18600), and up 18880 + 200= 19080. As per candle stick pattern, it looks like hanging man, which is bearish reversal pattern.

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On 15th June Dow had given big green candle stick, and in a single day it touched long term resistance line (yellow line on top). Second yellow line is upper end of uptrend channel which started from 2017, and Dow is trading above it. (Marked with red Circle ) Previously too Down had traded above uptrend channel and after few days again came in line with...

Trendz9 Updated 

Tech Mahindra had q great from 1800 level to 1000. This is 50 % fall from its high. Nearly one year had passed Tech Mah is hovering around 1150 to 1000 levels. Today ROC had broken above 0 line, 20 50 Dema is amvi g up and on macd had just crossed signal lines which put stock in Buy category. Target is 0.318 fibonacci level which is retracement level of fall from...

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Nifty today broke yellow uptrend line in morning and was well below it l. During last hrs ifty recovered and regain uptrend line. But ROC continue its divrgence and move further down near zero. On 18 considerig RoC divergence precautionary approach was taken and on 19 th nifty after making double top at 1880 it gave up all gains and short were considered at...

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As said ROC is showing divergence, todY nifty broke 3mths lo v uptrendine and regain it again. But ROC today had reached near zero today even though nifty recovered. When divergence analysis as uploaded 2 day before ,ROC was 1.64 and today evenghouvh nifty recovered ROR has gone below to 0.55. This means nifty is loosi g its strength and can come down to 18400...

Trendz9 Updated 

Nifty is in uptrend from March 23 (yellow trend line). ROC had made top of 5 and continously declining . (Yellow line slope on ROC. ROC is change in price b/w current price and price for certain no of periods ago.) This means current price is declining continously wrt to price certain no of periods ago, but nifty is moving continously in upward direction. This...

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Fact gave high of 409 two days before whi h complete the 80 point distan of flag from break out point ie 320. Target = 320 + 80 = 400.

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In continuation to previous analyis, Recl had completed its 1.382 retracement and is consoladiting here. Booking another 25% profit is good idea. From chart it is seen that RECL had taken resistance at 147 ie 1.272 Fibonacci level. As soon as it was taken out RECL in 3 days reached 1.382 ie 157Rs. It can be seen from chart that RECL could consolidate b/w 147 and...

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Stock was in consolidation for three years , before giving consolidation break out. In July 21 and August 21 it had rallied from 75 Rs to 190 Rs making pole of Flag pattern. From Aug 21 it had coutinously consolidated between 190 to 140. During consolidation it had made lower high of 191 , 187, ans 175 making top of Flag pattern . Yesterday it had broken above 175...