Trendz9

Trendz9

Two days high was 315 if move above it it is Buy. Buy above 315, possibly on closing basis

Trendz9

Previous analysis it was given to hold as Dow was on cross road of uptrend channel's and lower high trend line resistance. Yesterday after spending 30 min near resistance it gave up 200 points. Dow had respected the cross road resistance.Now from here keeping yesterdays high as SL, one can short Dow. Support could come at triangle " B " where 0.382 fibonacci...

Trendz9

Chart is self explanatory. Last two days volume is high. 20DEMA support is intact from April onwards and is trending up. Fibonacci 1.0 level is completed and has started expansion. First trgt is 612 at 1.272. MacD is sopporting up move by just crossing signal line. 612 should come in next 15 days as tata motors daily average of closing is 5.00.

Trendz9

Looking at weekly chart from 2017, Dow is was trading in a uptrend channel.Jan 2018 was first top made of channel at "A" , At " B" it made the support line. At "C" it made the second top, At " D "1st bottom was formed. At "E" Dow break out above channel in January 2021, This was period of ultra low policy, and packages for companies people's due to pendamic. Dow...

Trendz9

March 2021 Fact made new high of 150 Rs. From 2018 till Dec 2020 it was trading between 28 to 60 Rs. In Dec 2020 it broke resistance of 60 Rs after 211 bars. . It was trading for 89 days from March 2021 till Nov 2022 between 60 Rs to 150 Rs. After 89 days which is Fibonacci no, it gave breakout above 150 Rs and touched 393 on Jan 2023. Which is 125% jump in one...

Trendz9

Not much to read in chart as today Dow had touched 4th time lower high trend line @ 33618. Yesterday suggested to go long @ 32800 with SL 32700. Today 500 points is good gain to book profiit. All the views on Dow were respected. New trade will be taken on Monday.

Trendz9

Tatat Steel on weekly chart had started H & S pattern from Dec 2021. It has completed Left Shoulder and Head and is on way to complete Right Shoulder. During this process 108 has become important Pivotal line and 3 years it is trading is between 155 to 80 range. Near Right Shoulder range has reduced to 122 to 102 (from 50% to 20%). Today it had completed Red...

Trendz9

Tatat Steel on weekly chart had started H & S pattern from Dec 2021. It has completed Left Shoulder and Head and is on way to complete Right Shoulder. During this process 108 has become important Pivotal line and 3 years it is trading is between 155 to 80 range. Near Right Shoulder range has reduced to 122 to 102 (from 50% to 20%). Today it had completed Red...

Trendz9

Evening star Candlestick Pattern is going good with short sellers. Nifty in morning was not able to cross yesterday opening value of 18594, and gave up 18550 after trading near it for 2 hrs. Again by 1 pm nifty tried to cross 18550 level and after 30 min Nifty again broke 18550 level and closed below 18500 at 18486, which is was yester day low. From all this we...

Trendz9

Continueing hour earlier analysis, it is observed further that in above 15 minute time frame Dow had reversed from red downtrend line. MacD is above signal line on 15 min time frame. Given risky trader should wait for 30 min for Dow to trade below 32750. Dow had given low of 32739 on 15 min candlestick and from next 15 min candlestick has bounce back. This simply...

Trendz9

As said yesterday nifty, if there is gap down then Abdon baby pattern is confirmed , but looking at todays on going candle stick pattern it seems to be evening star pattern. ( not completed). Evening star pattern is formed when index/stock opens at yesterday close and continue its journey down wards. It is also a reliable pattern. Nifty can move up also tomorrow...

Trendz9

In last analysis RECL was suggested for long term as per monthly chart. Today RECL is approaching 144 level which is 1.272 extention of Fabonaccie levels. On daily chart MacD is above signal line and it's just began an uptrend . Life time high is 167. Considering MacD movement and price just touched 20 DEMA EMA and reversing from there., we can expect movement to...

Trendz9

Todays candlestick had not confirmed the Abdon Baby pattern but it is not above yesterdays candlestick. If we see candlestick its making 1. bearish harrami pattern, (not completed) we will come to know after market is closed. 2 Another way to look at today's candlestick is to combine yesterdays and todays candlestick. Ie. take yesterdays low and todays high. if...

Trendz9

On 1st December and 13th Dec 2022, Nifty chart had made Abdon baby pattern. This is a very much reliable pattern. It is formed when there is extreme movement due to news. Index/stocks open with huge gap and close with huge gap up opening. this pattern is always form after continuous uptrend or downtrend, After gap up opening there has to be gap down opening where...

Trendz9

As said yesterday that morning star candle stick formed after sell off and suggested to keep SL of yesterday high, bank nifty opened at 43765 and gave up opening gain, dropped to 43588. Thirty minutes later Bank nifty broke yesterday high and shoot to 44050. So all there prediction went right. Now what next, Chart is self-explanatory. Yesterday shooting star...

Trendz9 Updated 

Dow had almost done 0.618 Fsbonacci level, Today's low is 32655,where as Fabonacci level is 32500. As said 0.618 Fabonacci levels is a very strong level, Dow can reverse from here up to 0.368. Last five days Dow is making steep lower low and lower high. (Red line). Today is fifth day Dow is continuing with lower low lower high. No5 also denotes Fabonacci No. It is...

Trendz9

Bank Nifty short sellers need to be cautious as today's candle stick formation is shooting star at 20DEMA Today after giveig low of 43390, below 20DEMA bank nifty recovered forming shooting star pattern. Shooting star pattern is formed as buyers emerge at lower level and push stock /index up.Short trade should be closed above today's high.

Trendz9

Completion of inverted triangle, unable to move above 44200, MacD below signal line and Break down of higher low ( Yellow line from 38800 to 44174 ) has made Bank nifty a Concrete short candidate. As per Fibonacci levels target is placed at 42800 and 42000. Sell with SL at 44200. Risk reward ration 500:1000