Reason for short No support for at current level, but SGX nifty has consolidation zone below 16400 level: hence bounce possible SL compulsory need to wait for pin bar reversal for short valid for today only
Reason for long a) W formation, but nifty showing bearish structure b) Full bull grip with Vwap support for intraday Risk only 0.5% on total capital 1: 3 possible
Reason for long a) Shown yesterday bullishness b) wedge formation for long c) RSI Diver in short time frame d) Long Possibility for intraday. Valid for 3 hours only
Reason for short are a) mini bear flag, if breaks below 16830 level with SL of 16872... challenge is pull back is very strong So SL compulsory. b) If goes above 16870 to 16965.. a round number attraction and any rejection bar at that level is again a short opportunity with sl of 25 pts c)The 3rd scenario is a consolidation near 16800 to 16900 level.. through out...
Reason for long a) RSI Diver for intraday b) Bulls come back now c) Good risk reward zone
Reason for long a) RSI Diver play b) Double bottom c) Valid for 3 hours only
Reason for long a) Long at 450 and SL at 442.. Any gap down opening below 442 invalidate the set up. b) RSI Divergence.. Any gap of above 1% also invalidate the set up, as we are expecting 1% up move only in intraday. c) Ideal entry at 447.3 With SL of 442, but this may not be possible in real-time.. catching at 452 with SL of 442 can be managed by optimizing the...
Reason for long a) channel breakout b) volume and price spike c) vwap support for long Risk not more than 1% of total capital
Reason for long a) Trendline breakout b) volume and price spurt c) volume accumulation as evident by arrows d) pull back zone for long with SL risk not more than 1% of total investment.
Reason for long a) vwap good support for long b) w formation in consolidation zone indicating the long possibility c) cup and handle pattern for long d) volume spurt and accumulation zone for long possibility risk not more than 1%.
Reason for short a) monthly pin bar reversal for short. b) if monthly and weekly low breaks... the break usually happen with high force and gap down. c) channel play, but there is a possibility of overshooting from channel i.e., channel breakdown and may touch support (possibility). d) OI showing high bearishness.
Reason for short Triangle breakout for short 2. Vwap has huge resistance 3) price action may fallow yesterday pattern for fall.
Reason for long a) RSI Divergence b) bull indicator in ADX c) heavy bull volume
Reason for long A) Dangerous reversal long... because of good risk reward zone b) Long at 3548.9 With Sl of 3535 Qty 5 c) RSI divergence paly with bollinger bank inside out pattern
Reason for long a) wick reversal trade for long... b) Supported by RSI diversgene in smaller time frame c) Good risk reward zone 1:1 risk reward zone valid for 1 hour only
Reason for long play a) vwap support b) channel breakout and ready for upswing c) volume accumulation zone consolidation zone
Reason for long a) Support play b) vwap support play c) sector also reversing... hence it may be a good time for investing for short term d) not more than 1% of total investment
Reason for long a) ADX buy signal plus Haiken Anashi candle buy signal b) channel breakout ... buy signal c) It is good sell bull call spread.