We all know history repeats but look the box repeats. If Nifty Index pushes upside as expected to 9880-9920 Zone then likely SBIN also could push to the resistance zone of 285-287 Once it starts moving above 279. Later, if you see, it is getting resistance between 285-287 then look to sell for targets 275 -270 with recent high as stops which will be formed in...
Wish You All, A Happy Independence 2017. There is limited Butterfly stock for Bharti Airtel which will end by this weekend. Sales can start thick and fast above 412 which is "Polarity reversal level". It gets activated or triggered going above 412- the key level. Once activated your stops should be below 406. Target - 416 - 420- 425 Stop Loss -Below 406 ...
No Confirmation for Short Trades Last Price@9900@16th Aug2017 11th Aug2017, Dalal Street was bleeding & I was getting ready for a ferrari drive. It is extremely tough to control a ferrari or a prancing horse unless you are skilled enough to control & absorb the pressure of the game. Trading in markets is almost like driving ferrari - if you know or visualise...
First Long Above 4020 & Later Sell if faces resistance in 4250-4350 Zone. A bearish crab "can" get completed in the zone 4250-4350. I never use incomplete harmonic pattern to predict as we never this will become true or fail but yes if at all it becomes true & moving above 4020 -If Hero Moto Corp Travels to 4250-4350 - One should be careful as we have reducing...
Last Price@142.30 I realised the quake is coming so for safety reasons I went out of home@151.80 - Post that what happened that home was hit hard@137-138 Things will calm down & we should hope for normal day 2 day function. This is no analysis. Do your own study. Thanks Wake up or V-cup with PNB@148-149 - Exit@151.80
Last Price@9811 Day High@9817 Risky Traders can sell in 9810-9825 with stops above 9836 - Safe Traders Sell below 9790-9793 zone Any move below 9790-9793 which was one of the desired zone for long trades for the day is important zone - If Nifty starts falling below that zone - we will look for short term melt down till 9765 - 9735 target levels which will...
Last Price@20.40 11th Aug2017 As suggested in previous update - "Magic of 9 repeats for 30". We shall look for JP Associate to run into pennant zone 18-21. Here we are at 19 -day low@11th Aug2017. If holds then we look back close to 30 again. Trade carefully. Nifty is melting. Have added latest update to Nifty long term analysis@22nd March2017. Magic of 9...
Nifty Turns from 9700-9725 - Look at past trading sessions -nifty halted in the zone 9700-9710. If Nifty holds this zone we can look Nifty to push intraday for 9790-9850- if extends upside then 9890-9920 When resistance turns its role into support which is the current case we call the zone as "polarity zone" & level as "polarity level" - useful for guys who are...
There is a pennant where auropharma is resting. Let it rest, once it crosses 700-705 resistance keep a watch for a push to 722-725 Target Zone keeping stop loss below 687. Risky Trader can consider to trade in 690-695 but with strict stop loss & once you get confirmation at your end. Safe Traders Above 700-705 Zone for 722-725 Target Zone- once it crosses the...
Last Price@375 It was big crack down in motors for 350-360 lows. There is a bullish harmonic pattern. This is no analysis. Do your own trading. Traded Failed Harmonic Pattern - Bullish only above 440
I don't know - time will let us know. This is what I use to feel when I used do revision a day before my final exams- I think all of us have passed through such scenarios in school / college days- what ever levels you are prepared you still feel butterflies in your stomach, don't you? Butterfly final legs can extend to 161.8% causing euphoria in markets. This is...
Well we don't have any confirmation yet but it looks USDINR has traced 5 wave impulsive sequence from double top@69.05 to 63.56 & Nifty touched 10138. Beauty is that now people talk about geo political tension between North Korea & U.S. - will that be the reason for market melt down or waves were indicating same. I have no idea & so cannot predict where markets...
Scenario 2 - Simple & effective target achieved above 290. Just missed by 15 points. ITC turns down from 355 to close at 335. Previous Update - The Killroy at 290
The move which goes into my diary for 2017. What Next? If you get an opportunity to see JP in the zone 18 -21 the pennant zone & respects . Who knows that could bring short term excitement again for 30+ Close to 9 & we got another killer move for 30 2016 Diary - Up -Up & Away from 7-11
1st Innings Head & shoulder breakout + confirmed by double top@73.50 gave the push upside & turned from 77 highs which was shy of 1-2 points from 79-80 -closing last trading day at 71.50 levels. Price has pulled back to the neckline which can give another opportunity to bulls & this time if it surpasses 79-80 zone then it attempts 88-90 zone next. Once it...
You want to Wake up or take the V- cup - your choice. It has retraced 50% of the rise from 132 to 164 at closing price for the day @148-149. The zone of interest 148-149 was shown in previous post which was travelled today on account of dalal street bleeding for the day & PNB cracked below 157 updated early morning@08:11 Hrs - 3rd Aug2017. Travelling again &...
Hardly moved from our target zone of 157-158 as expected in last update. The way it has moved since our target achieved -we think some thing is left downside. So, here comes shark after triangle or triangle - the mother of shark Holding below 160 levels as bulls can come back sharply above that level. PNB can complete the shark pattern's final leg in the zone...
Buy Back can be an important element providing good pitch for the both the batsmen- Mr. Green Gartley & Mr. Yellow Butterfly - can they dial 380 -390-415 & 450 - as spectators will be keen to know their fate in the upcoming session. Trading Plan Either moving above 370 if they are in hurry or we shall look for 358-362 Zone as the resting zone- if this zone...