koolshanin

koolshanin

Unable to crosss the previous supply zone in daily TORNTPHARMA looks like will be going for a dip here. Trade Plan: Aggressive: if 1436 breaks first Entry1: Short half the size at 1436 Entry2: Short the rest at 1461. Conservative: Entry: wait and short full near 1461 STOP LOSS: For both methods SL is above 1482. Target: 1400 and TSL Disclaimer: All the views...

koolshanin

IBULHSGFIN in shark PRZ showing weakness and if its unable to close above 891 we can go for a dip in it. CMP 864.5 SL 891 TGT1 779 TGT2 718 Risk-Reward Analysis Entry 866.5 SL 891 Target 1 779 Target 2 719 Reward min 87.5 Reward max 147.5 risk 24.5 ROR1 3.6 ROR2 6 If you feel SL is big wait for the pullback in lower timeframe and can short it. Disclaimer: All...

koolshanin

NIFTY after the strong rally is finding hard near 50% of fibo swing and also near the PRZ of #CYPHER #HARMONIC pattern. good ROR for short available. SL 8475 Target1 8242/8107

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Nifty breaking below twice proven support where SLs r kept and inviting breakdown traders to short. inviting the bear trap and finally succeed it.

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GOLD is nicely forming base n moving higher in lower timeframe charts. and we have got a hidden divergence supporting a upmoving coming in GOLD. so any close and sustain above 1200 should see 1222 in GOLD.

koolshanin

Natural gas after giving a Evening star reversal in weekly from a supply zone give a structure break in daily. so we can expect a pullback to test the supply zone again at 3.573 if any rejection comes can expect 2.644/2.15 in NG.

koolshanin

Nifty in downtrend was respectively a weekly support, where last time a long leg doji was formed by making a bullish engulfing now. If bullish fire all cylinder next probe zone is 8303/8480 in weekly.

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BHARATFIN in W5 has done 2.618 W1 and hit a EW W5 trendline tgt found bulls exactly there with a big bull bar. But the w5 structure shows it can go for one more low and only pullback is happening. above 600 any dip can be bought for a hit-run target of 630. Bears climax is soon. after that bulls can feel safe Long on dips above 600 Target 630 SL 579

koolshanin

Nifty slowly drifting down is having occasionaly bear climax bars and moving down. Here, both bulls and bears not doing a great job. Bulls not have the force to pull nifty up and bears dont find excited to push it hard. Trading in channel nifty is at the bottom of the channel and made a doji bar followed by a bear failure bar, continued by a bull body bar. so...

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BIOCON a stock closing strong even with a choppy bearish nifty, formed postive divergence in Monthly charts showing still it has gas left for big moves. Immediate targets on upside lies at 1028/1088/1165 Any dips towards 930/950 zone if done before target can be bought with 835 SL. ROR not good to enter at current levels.

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POWERGRID after recently making 52W high is facing trouble at highs and currently trading in a bulls flag in Daily charts. RSI price negative divergence was observed near highs and RSI is continuing to trend lower. POWERGRID can be shorted near TL or below 180 for 173/170 tgt. SL above the trendline or above 195

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Axisbank in monthly charts is near a cruical Trendline support and formed a small body hammer near it. now in the coming month a close above 482 is important for bulls to hold grounds, upper side resistance comes near 492 and 525-550 supply zone. if the trendline is breached for any reason a big fall can be expected for 260 where bullish BAT pattern completes and...

koolshanin

IGL a stock which is powerful on monthly and weekly. is not a stock to short for big money, not until 882 is accepted. 790-880 which was a trading range for IGL in 4hours charts was successfully broken by a WRB(wide range bar) and got a good follow up. now a spining top is formed and a small bearish inside candle followed up. Expect a test of 882 which was the...

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CEAT recently is facing heat due to the Crude run, is currently trading inside a bull flag with 2 trendline rejection and 3 trendline acceptance. Now, its near the upper Trendline and also near a daily major bulls trendline support. Any move below 1225 can drag CEAT to 1110 zones and sl can be outside the upper trendline on clbs(closing basis). risk reward of the...

koolshanin

BAJAJ Finance having trouble moving higher is making Pennant Chart pattern, Pennant pattern are mostly Continuation pattern and the earlier trend here is down trend so we can expect a downtrend continuation in bajajfinace. Conservative Entry 874 SL 930 Targe 750 Good Risk reward trade.

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Ajantha pharma which is trading near a weekly trend channel limit, if finding trouble to cross the flipped supported. last day candle is bearish engulfing candle. so any thing below the low can be shorted with sl above the high for the trendling bottom. Entry 1857 SL 1930 Target 1595 Very good risk reward possible.

koolshanin

Tata motors falling down still showing weakness and no sign of strength returning yet. Trading near Fibo supports of earlier daily swings. 428 is a key fibo to watch failing with 392 is the next fibo support. EW wave counts shows WIII in progress inside w3 and W III done first 2nd tgt. and retracement now should bring wIV for a quick swing trade for hit n...

koolshanin

Colpal Trading near Monthly TL support is expected to have completed WX/AB waves of correction as Elliot Wave. Now 1033 high is key for longer term bulls. any close below the monthly TL support which is near a small demand zone too, should trigger Monthly TL-2 target and Weekly TL tgt. SL above 1033 longer term shorterm players should wait for a retracement r...