GO SHORT IF RED BROKEN ON CANDLE CLOSING BASIS WITH GOOD VOLUME TARGET GIVEN NOTE: TRADE AT YOUR OWN RISK
I HAVE SHOWN MULTIPLE SUPPORT AND RESISTANCE AND FINAL TARGET IS SHOWN WITH ARROW WHICH IS LONG TERM TREND LINE YOUR STRICT STOP LOSS IS THE GAP WHICH IS AT 173.20 APPROX GOOD LUCK NOTE: TRADE AT YOUR OWN RISK
ONCE BLUE LINE BROKEN ON CLOSING BASIS TARGET UPPER LINE I AM NEUTRAL TILL THEN
ONCE TRENDLINE IS BROKEN ON CLOSING BASIS STOCK RETESTS IT AND IT HAS DONE THIS TWICE DO NOT WORRY BUT STILL STOP LOSS IS BLUE LINE ON CLOSING BASIS
MAHINDRA & MAHINDRA INTRADAY TARGET ARE GIVEN AND SECOND TARGET ALSO GIVEN IF NOT TAKEN SUPPORT ON TRENDLINE STOP LOSS 537.10
IT IS AS WE CAN SEE IS AT VERY GOOD TREND LINE RESISTANCE BE ADVISED AND BE CAUTIOUS
nifty target 12340 stoploss blue line NOTE: TRADE AT YOUR OWN RISK
SOMEDAY NIFTY WILL MAKE A NEW HIGH AS SHOWN WITH ARROW WHICH IS NEAR TRENDLINE AS ONCE TRENDLINE IS BROKEN STOCK KEEPS RETESTING IT AND TRIES TO TOUCH IT BIG NEWS LIKE BUDGET ON FEBRUARY 1 WILL BE A BOOSTER IF COMES WITH POSITIVE NEWS AND A NEW HIGH OF APPROX 12243 BE MADE BUT ON THE OTHER HAND ELLIOTT IMPULSE 12345 WAVE HAS BEEN COMPLETED NOW CORRECTIVE MUST KICK...
WILL IT BE ABLE TO BREACH LONG TERM TRENDLINE ON CLOSING BASIS WAIT FOR 6TH JANUARY CANDLE WILL BE COMPLETED
SUPPLY ZONE SHOWN ONCE BROKEN WITH GOOD VOLUME TARGET 213 STOP LOSS IS 173.30 STRICT
TWO SUPPORTS WITH RED LINE ARE SHOWN ONCE BROKEN ON CANDLE CLOSING BASIS GO SHORT FINAL TARGET ALSO GIVEN WHICH IS NEAR LONG TERM TRENDLINE IT WILL BE THE BEST PRICE FOR INVESTMENTS ALSO STOCK MIGHT TAKE SUPPORT AT FIRST RED LINE GOOD LUCK NOTE: TRADE AT YOUR OWN RISK
IT IS RESPECTING WEDGE PATTERN SO MUST NOW BOUNCE FROM LOWER TRENDLINE AS WE CAN SEE HAMMER IS MADE WHICH SHOWS DEMAND ZONE THREE TARGETS FOR LONG ARE 674 679 AND FINAL 684.95 MAKE SURE CANDLE DOES NOT CLOSE BELOW LOWER TRENDLINE ON CLOSING BASIS
let it close above 184 on candle closing basis and black trend line is now new support good luck i exited my call position when it touched 184.3 as it made doji candle there note: trade at your own risk
AS WE CAN SEE FIRST 3 WEEK CANDLE IS GOING TO BE MADE ABOVE MIDDLE LINE OF BOLLINGER BAND WHICH IS 20 DAY MOVING AVERAGE AND UPPER VALUE OF BOLLINGER IS 215 APPROX WHICH MAY BE THE TARGET
IT IS AT THE LONG TERM TREND LINE RESISTANCE IF IT CLOSES ABOVE IT ON CLOSING BASIS IN 1 DAY CANDLE TARGET GIVEN
GO LONG TARGET GIVEN STOP LOSS 1980.35 BUT FIRST LET IT CLOSE ABOVE MOVING AVERAGE
IT IS TRADING BETWEEN TREND LINES ONCE UPPER LINE BREACHED ON CLOSING BASIS WITH GOOD VOLUME GO LONG TARGETS FOR LONGS GIVEN