VineetJain_TradingSiksha

VineetJain_TradingSiksha Updated 

Nifty formed a head and shoulder and has given a breakdown.. base line to head high will be the target now..

VineetJain_TradingSiksha

Gold is all set to give a breakout above its 10 year high. we have seen gold gives 10 x in 20 years in which it remains range bound for 10 to 12 years and gives the maximum return in the remaining 8 - 10 years.. As per the above chart a classic rounding base pattern / cup and handle pattern is forming on monthly chart. A monthly close above above $2000 will...

VineetJain_TradingSiksha

Monthly close above 125 will trigger a big move in IOC.

VineetJain_TradingSiksha

Nifty has been following these trend lines and break above or below it may result in big momentum movement.. on the downside we have a 20 EMA at 16725 below which we may see huge selling coming in. As per the volume profile Major support (high volume node) is some where near 15880. On the upside a break above the trendline resistance of 17200 may take u to 17350...

VineetJain_TradingSiksha

Channel breakout on Dowjones and failed retracement attempt - if it sustain for 1 hour below 34000 then we may see a big sell off

VineetJain_TradingSiksha

Monthly close above the AVWAP will trigger a fresh buying interest in the stock. 1st target 26 2nd target 64 3rd target - will update post 2nd target

VineetJain_TradingSiksha

Nifty is forming a clear parallel channel inside a bigger channel. 17250 is next major hurdle.. cross above that may be considered as a trend reversal otherwise the larger trend of downside would continue...

VineetJain_TradingSiksha

Bn forms a cup and handle... 1st target 35680.cross above it may start a new cycle...

VineetJain_TradingSiksha

Close below neckline can give a good momentum move.

VineetJain_TradingSiksha

Time Cycle suggests 14047 to 14555 and breakout above these levels will give big momentum

VineetJain_TradingSiksha

Time Cycle of NIFTY is suggesting a bottom by June 2021.