On the daily chart, Wolfe wave pattern has been identified. All the information provided in the chart.
I am expecting that market will correct a little bit and we will get the opportunity to buy TATA Motors at 72 once again if we had missed it in the past. Let's see.
You can watch this counter. ULTRACEMCO is trading inside a symmetrical triangle chart pattern on a weekly chart. We should get a valid breakout within two or three weeks. I have marked the best long and short entry position(s) on the chart. Currently, I am neutral on ULTRACEMCO.
BPCL is currently tranding in the Channel. If we ignore the volatility in the Nov 2019. In Sep 2019, Seller started showing interest and created a crucial support zone for BPCL So, today i am expecting valid breakout. BPCL may retest 465 level serval time before hiting first target.Lets see.
I think today the market will open with a gap and 32890 should be the correct range for short entry.
It seems that nifty is bullish now a day. i am assuming that, We will get reversal from highlighted zone. We we get closing above highlighted zone then we will get new all time high in NIFTY. This is completely my opinion about NIFTY based on trend line and price action based on monthly chart.
As per price action, it seems that buyer are coming in this account on a daily chart. Buy above 61.15 in Adani power with 59 rs, stop loss. Let's see.
It is all demand and supply game. Let's see.
Learning price action in WIPRO stock. It seems that we will have a short term bullish trend. I can see that buyers are taking control of the WIPRO on the weekly chart Entry : 245 Stoploss : 235 Target : 260
buy nifty for intraday today as per mentioned price in the chart.
If close below 185.50 then I am looking for Rs. 135 target in the near future.
CTSH near to breakout. 45 would be first target. I hope, It should be valid breakout for descending weekly triangle. Short entry : 59.25 stop loss : 61 first target : 45 second target : 33 Regards, Vkram
Hi All, NTPC had provided a nice breakout from inverted head and shoulder pattern. But, we had received bad news from the union budget 2019. So, now NTPC has given a breakdown for an ascending triangle. Exchange: NSE Sell : 136.45 Stop loss: 139.75 Target: 119 Regards, Vikram
Last Friday, JSW STEEl has given a confirmed breakdown on weekly charts. Go with Short Sell. Entry: 257 Stoploss: 263 Target: 220 Regards, Vikram
ACC has given a breakdown on head and shoulder pattern. Indian economy is seeing slowdown nowadays. Entry: 1490 Stoploss: 1510 Target 1: 1390 Target 2: 1323 Regards, Vikram
Next stop should be 115 for ADANIENT. Market is supper bearish.
APOLLOTYRE has retested trend line. We can see reversal from here. Good opportunity for short. Only for aggressive traders.
I am going through classical chart patterns and observed few hidden things in it. So, just for learning the purpose, I am sharing this article with you. I think, if we get close above 2640 then it should be bullish till next pivot. I am also assuming that, multiple times, the price will be rejected at 2640. Lets see. Regards, Vikram