Wavozen

Wavozen Updated 

Reason for short 1. Trading range short 2. Daily Channel breakdown 3.Mini consolidation breakdown 4.mini channel play for short and trading range. 5. For intraday

Wavozen Updated 

Reason for short 1.bear flag or a trading range. both constitute the short opportunity. 2. Major breakdown of consolidation prior to this fall induces further fall. 3.First 5 min breakdown to be considered for short.

Wavozen Updated 

Consolidation zone at 17300 to 17500 level. The break of 7300 will attract a big round number of 17000 level. A continuous sell off from last 3 month from FII at an average of 25000 crores per month causes worry for upside. Till now in Jan approx 15,563 crores sell off from FII causes the fall. Another 10K crores yet to sell by them as per average sell value. So...

Wavozen Updated 

Reason for short 1. Triangle is a continuation pattern and most likely it is going to fall. 2. Good risk reward zone, The SL is small 3.Signal candle is first 15min breakout or breakdown and it should be considered for entry for short or long. 4.Any big gap down or gap up invalidate the set up. 5.Most of the sectors in down trend.

Wavozen Updated 

Reason for short 1. Daily time frame head and should pattern 2. 15 min time frame, bear flag 3. Possibility of trading range for 2 to 3 hour and then fall by Eod(End of the day). 4. 15 min candle down breakout to be considered for shorting, otherwise waiting for opportunity. 5.Any significant gap up or significant gap down invalidate the set up.

Wavozen Updated 

Reason for short are 1. Big consolidation breakout 2. After major fall, it took support at 25ema, which is short zone 3.Howsoever some positive green bars are seen during rise and to keep bull risk and keep sl at 2% high. 4. First 5 min breakout or breakdown can be considered as signal for short.

Wavozen Updated 

reason for short 1. Most of the stocks in bear flag zone. 2. Within the trading range of bear. 3. Huge FII volume for short

Wavozen Updated 

Reason for long are 1. Double bottom Hence Long possibility. 2.Previous gap up zone may close and start to rise. 3.Good fundas. 4.Possibility of pre result rally.

Wavozen

Reason for long are 1. Head and shoulder pattern. 2. Ready for breakout as indicated by volume bars. 3. Recent FII long activity. 4. Shake out range candle in recent times. 5.Repeated false lows.

Wavozen

Sl compulsory Volume supports the breakout. 24 level is the pull back entry for long Duration 3 months.

Wavozen Updated 

SL compulsory EOD may touch 18000 level (2.30 to 3.20 PM) as wave 5.

Wavozen Updated 

Consolidation breakout possible and macd buy signal provides another strength to long. Qty to be within 1% of total investment. Duration: 6 months.

Wavozen Updated 

SL compulsory Duration 3 days volume supports the price hike

Wavozen Updated 

1. Evidence of trading range are a) trading in yesterday high and low and even weekly high and low. b)Below the mid point in 15 min and within the Yesterday CPR. c)Yesterday huge call writing at 38500 Ce and forms the strong resistance. d) 37000 puts forms the supports as more puts are written over there 2.39000 to 37000 forms the trading range for the...

Wavozen Updated 

Pre-budget rally possible 1.Flag pattern. MacD trying to give IDS signal for positive side in 15 min intraday. 2. 1h pole is approx 250 pts. If flag breakout happens, 150 to 250 pts is the target in next 2 days. Howsoever, it is upside trading range with bullish bias, as today CPR is little wide. 3. Moreover, the weekly breakout at 18386 and all time high is...

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SL compulsory Duration 5 days Cement sector is growing. All cement stock are rallying pre budget rally

Wavozen Updated 

1. Three time rejection on upside clearly shows that nifty currently does not like to break the higher level of 18366. 2. Last two days, nifty touched the previous day low; This indicates the weakness in Nifty. 3. Probable current opening of nifty in between the previous day high and low, indicates the indecision of the market. 4. it looks 18150 to 18340 is a...

Wavozen Updated 

1. Downside trading range is high with bearish bias with 38518 to 38100. 2. Closing below 38100 turns out to be super bearish scenarios for intraday. 3.last CPR is below the privious CPR indicates trading range with bearish bias. Super bullish only, if it sustained 38720 levels. SL compulsory