Trendz9

Trendz9

30th January,6th, and 13 Feb week were indecisive weeks at 34387. Today Dow had reversed from the same indecisive level which means Dow is not able to take out that resistance. Dow is looking like a shooting star bearish reversal. If Dow ends up with this candlestick pattern then With Sl of 50% of today's high and low, a short opportunity arise. Having said that...

Trendz9

Temaxco moment if we see from 40 to 64, it had wooble around Rs 53, making it pivotal. It was resistance in sept 22 and had be ome strong support till May 23. Breakout of resistance 60 in June 23 opened scope for hogher levels and fibonacci 1.414 level was achived yesterday.Today also it made.double top at fibonacci level and retraced.Fibonacci 1.y18 level is...

Trendz9

Recl after spending 3 days at 1.272 Fibonacci level where 25 Pc profit was booked , moving to fibonacci level of 1.382. Quick move feom 1.272 to 1.382 sbows strong under current in stock, which is measured by DMI. DmI had just moved above 20 on monthly chart. DmI above 20 shows that stock had gain movemtum , it can concure 172 or 1.618 fibonacci levels sooner...

Trendz9

Nifty on 29th May was trading in range 18650 to 18550. From last 2 days nifty again had made side ways from 18650to 18550 levels. Nifty support was 18580 before 8th June which was broken. But nifty recovered and went back to 18650. Point here is nifty is less volatile, which can increase in day or two. Nifty range is fixed at 18550 and 18650. Any move above and...

Trendz9

As said on 9th June to sell 1 lot call and 1 lot put . Hedge by selling 1 nifty future. Today nifty is as same level and options had lost value . 18600 ce and 18600 pe both have lost 50 Points and nifty is at 18606 . This side ways may continue till green trend is not broken comfortably

Trendz9

Mac D here in this chart is enlarged pourposly as the cross over below signal line should be seen clearly. Yesterday after a month Mac D had Crosse below signal line. Mac D is a laggard indicator which is boon too. After reaching top of 10768 on 7 and 8th June nifty had broken down the two and half month uptrend.,(white Line). At same time Mac D had given a sell...

Trendz9

As per previous analysis RECL spend time near 1.272 Fibonacci Resistance and today broken up 147 resistance . next target 157 and 172.

Trendz9

As discussed yesterday nifty should hold yesterdays lower high . Today it had broken lower high and approaching support at uptrend green line. As per risk management long in nifty should be covered . Since Uptrend Line support is only 100 points, Also said Nifty could trade side ways from 18450 to 18700/800. this make nifty as no trade zone. in this market one...

Trendz9

Yesterday we had taken long term view of PTC for last 10 years around on monthly Chart.Now we will keep update of PTC behaviour on daily chart. Today PTC has respected bullish view by making 107.70 high and closed at 105.35.PTC had given 1.15 Rs gap up openat 105, low was 104. but not touched yesterday's close of 103.85. This trade is taken as bullish buy. It...

Trendz9

Nifty was just 100 points shy of making tripple top. Profit booking dragged nifty in red. Onth way down nifty had made new lower higher. 18478 on 2nd June. 18531on 6th June and 18615 today 8th June. The long term up trend is intact as far as nifty is holding 20DEMA at 18450. (Doted green line). If nifty not able to hold the lower high of last 7 days @ 18615,then ...

Trendz9

PTC views are taken from Rs 44 to Rs 143. During its trade from 44 to 143, PTC had completed H & S pattern from 2011 to 2017. In November 2017 it touched neckline , but failed to break above. It restarted H&S pattern in November 2017 completed left shoulder and head in July18 and May 20.From July 22 it is completing its left shoulder. So this stock is trading...

Trendz9

Inco ti uation to last a analysis, nifty new uptrend support line is confirmed. Last two days niftywas trading above three days lower high. Break above 3 day lOH means NR3. NR3 is a very comfortable indicator to know the future path. Also said that new higher low line is beginning. Today's break above e yester days high has confirm the higher low formation . Now...

Trendz9

As per previous analysis Dow had not broken cross resistance as discussed. Today last 3 hrs on 15 min TF Dow is struggling to break lower high trend and uptrend parallel line. Point to take is cover shorts above today's high. Parallel uptrend line (yellow) which had started from 2017 is a long-term uptrend path of Dow. Parallel channels are also path Iindicator...

Trendz9

As discussed in previous analysis , TS had broke above Triangle pattern within right shoulder which makes TS morning bullish. Neck line is at 115, where TS will complete H&S pattern. Let's see if it break above it.

Trendz9

As said earlier tata steel is is completing inner triangle within right shoulder, it has touched the upper end of triangle twice at 109.80, the upper end of triangle can be viewed as lower high down trend line. On weekly view we see 109.80 has become become double top. But if seen in daily time frame it had completed and broke above triangle pattern, which is...

Trendz9

Dow as analysed had reached 50Dema where 100points are in pocket. From here Dow can take support at 50 Dema. Booking 50% is good idea. Rest can be carried forward with trailing SL. Dow can come down to meet 20Dema if 50Dema is broken. Normally 50Dema is good support but 20Dema is below 50Dema which suggest a sell signal. This trade is very eassy as price has ran...

Trendz9

Continuing yesterday's analysis, Dow is trading below lower high trend line , it is also below uptrend parallel chanel resistance. 20 Dema is placed at 33450,where short term partial profit can be booked and balance can continue with trailing SL as per individuals risk.

Trendz9

At last flag break out given. We were a le to catch movement on time @316