DON'T BOARD ON SINKING BOAT. MUCH LOWER LEVELS COMING AHEAD. SHORT AT PROPER LEVELS. FOLLOW ME TO GET SUCH STOCK IDEAS. LIKE MY POST IF IT IS HELPING YOU
unable to cross the resistance. if crosses resistance target 1 possible. if closes below 20 dma it may fall back to support. like my post if it helps you. follow me to get such updates. find my attached recent posts for bank nifty and baj finance.
downward channel opened up for it. only braves can short it for lower line. my followers must be in profit after it broke lml. my previous target still there . nifty has strong support at 9140-9128. hence short it carefully. follow me to get such trading ideas. like my post if it is helping you.
DESCENDING TRIANGLE IN 60 MINUTE CHART. IF BREAKS OUT OF THIS TRIANGLE NO SHORT POSITION TO BE TAKEN. ONLY IF IT BREAKS BLOW LML CONVINCINGLY SHORT POSITION TO BE TAKEN WITH PROPER STOP LOSS. THIS VIEW OF ME FOR THE TIME BEING. FOR INTRA DAY OR SHORT TERM.
PLEASE WATCH MY POST EARLIER.
1)UBS DOWN GRADES IT. 2)MY FINAL TARGET IS STILL THERE. 3) SELL OFF MAY BE WITNESSED BEFORE ITS QUARTERLY RESULT.
THAT WAS MY TRADING SET UP FOR FRIDAY. WAITED FOR RBI ANNOUNCEMENT. BANK NIFTY FELL TO THE SUPPORT. OBSERVED HIDDEN DIVERGENCE IN 15 MINUTES CHART. TOOK THE TRADE WHEN DASHED BLACK LINE WAS TAKEN OUT. AND WAITED FOR THE PRICE TO GO TO THE RESISTANCE LEVEL. AND BOOKED PROFIT THERE. LIKE MY POST THIS SET UP WAS NICE. FOLLOW ME TO GET UPDATES
1) WICK OF CANDLE AT B CROSSES .618 RETRACEMENT OF XA BUT BODY DOES NOT CLOSE ABOVE THAT. 2) WICK OF CANDLE AT C CROSSES .382 RETRACEMEENT OF XA AND BODY IS AT .382 LEVEL. 3)CANDLE AT D HAS CROSSED .786 OF XA. BUT BODY HAS NOT CROSSED .886 4) PULL BACK FROM THIS LEVEL CAN BE EXPECTED. 5)POSSIBLE TARGET MAY BE .382,.5, AND .618 RETRACEMENT FROM C TO D. STOP LOSS...
it is to be seen how market reacts to the economic package to be declared by govt.. one need to be careful while trading. slope of the divergence is appreciable. today's green candle may be due to expiry effect.
i had given a buy call of baj finance at 2305 it went to 2367. but could not take out the resistance line and fell. overall structure seems to be weak it seems may go abc correction and will fall to much lower levels if it breaks the support line whole movement of baj finace has been captured by pitch fork.
NIFTY HAS SUPPORT AT 8766. NIFTY MAY GO BACK TO THIS. MEDIAN LINE OF PITCHFORK PROVED STRONG RESISTANCE.
WITH TODAY'S LOW AS STOP LOSS. CALL HAS SOME RISKS
PITCH FORK CAPTURES WHOLE MOVEMENT OF NIFTY. IT SEEMS AFTER IMPULSE WAVES WE ARE IN CORRECTIVE WAVES. CONSECUTIVELY FOR 2 DAYS NIFTY HAS BEEN EXHIBITING INSIDE BARS. EXPECTED IT WILL BREAK OUT TOMORROW. SGX NIFTY WAS EVEN TRADING ABOVE 9300 AFTER THAT IT HAD CORRECTED. IMMEDIATE RESISTANCE OF NIFTY IS 9288. IF IT CROSSES THAT IT MAY TOUCH 9688. NIFTY HAS SUPPORT...
SAIL HAS CLOSED ABOVE 20 DMA. NIFTY SEEMS TO BE BULLISH SHORT TERM SAIL CAN TOUCH THE TARGET AS SHOWN IN THE
BOUNCED FROM 8653 ONLY 5 POINTS HIGHER TO THAT NIFTY NEEDS TO TAKE OUT B CONVINCINGLY HIGHER LEVELS MAY BE SEEN. FOLLOW ME TO GET SUCH IDEAS. LIKE MY POST IF YOU HAVE FOLLOWED ME. PLEASE SEE ATTACHED POST
MAY GO UP TO 9685.9769,9947 PROVIDED POINT B IS TAKEN OUT. NIFTY HAAS SUPPORT AT 8697
BREAKING BELOW FRIDAY'S LOW MAY SEE IT TO 20 DMA AROUND 2089. SELLING OBSERVED AFTER ITS NEW HIGH.
PLEASE GO THROUGH MY EARLIER POSTS OF YES BANK. MISSING ONLY ONCE OR TWICE IT FOLLOWS MY TRACK. JUST PRIOR TO THIS POST I HAD PREDICTED PROBABLE TARGET AND SUPPORT FOR YES BANK. IT HAS BOUNCED FROM THERE. LIKE MY POST IF IT HELPS YOU. ONLY SUFFICIENT LIKES WILL ENCOURAGE ME TO POST MY IDEAS FOR NIFTY. FOLLOW ME TO GET ANY UPDATES.