devendra_patil

devendra_patil

Nifty Analysis for 20 may resistance 1- 8924 support 1 - 8831 1.Market showing weakness,if rumors about corona vaccine get wrong nifty will show large bearish move. 2. Market is in range bound ,hold the temporary resistance of 9033. 3.Nothing showing positiveness other than vaccine rumors.

devendra_patil

Nifty Analysis for 19 May short covering can be seen up to level 8924 reason- 1.ltp is at crucial support of 8831 2. rsi showing divergence indicating short covering 3. massive sell off on 18 may.Sellers will be little exhausted now.

devendra_patil

Upper range - 9341 Lower Range - 8924

devendra_patil

CONDITIONS MET 1.TREND - UPWARD 2. MACD = OVERSOLD 3. RSI = OVERSOLD 4. FIBONACCI = RETRACES FROM 61.8 % RETRACEMENT 5. MOVING AVERAGE(200,100,50) = ALL ARE BELOW CLOSING PRICE AND TRENDING UPWARD TARGET 1 = 932 TARGET 2 = 995 SL = 860 -870

devendra_patil

BUY= 500 TG 1=539 TG 2=587 SL=475

devendra_patil

TARGET - 1165 SL - 940

devendra_patil

RELIANCE INDUSTRIES- BUY- 930-935 SL-908 TG1- 955 TG2- 991 TG3 - 1011

devendra_patil

Adaniport short

devendra_patil

ADANIPORT is taking retracement from 61% fib level but 100 and 200 ema are below the trade price. It can take support from there. Probability - support from 200 exp moving average. Short trade for risk traders - buy at - 405 target - 417 stoploss - 400 risk to reward ratio = 1:2 Long Trade - Buy - 417 -420 target- 452 sl - 390

devendra_patil

Only buy when macd and rsi break their respective support lines

devendra_patil

buy= 249 or above sl = 239 target = when rsi crosses below 70

devendra_patil

Swing Trading by Bollinger Band,Rsi and Stochastics Rsi with the help of Support and Trend.

devendra_patil

buy at or above=385 target=400,438,482 sl=340,365,395 taking support at gann level and fibonacci level, supporting elliot theory, high resistance breakout, profitable for long swing trade

devendra_patil

Short here 1.double top 2.stochastic rsi overbought 3.macd is in mood of downtrend 4.macd histogram already started to go down 5.a very strong candlestick pattern (hanging man) 6.high risk to reward ratio 7.elliot wave still holding