Nifty is sustaining at its 0.6 level of fib retracement. We have seen a big green daily candle which shows interest of buyers. In addition to fib level we have a strong trend line from where nifty has bounced back up 10%. I am certainly bullish upto 25400 levels.
BTC is halting at a very good buying zone also i can see a shift in trend making higher high and high low soon. The RR is very favorable almost 1:10. I have market SL and TP on chart. Let's see how our idea plays further as crypto is the future currency. Happy Sunday :)
UBL is testing lower support of the ascending channel. There is high probability that it may test the upper band of the channel. I am bulling considering present scenario but if this channel is broken we may see new lower lows formation. I am already in this at CMP 2000 with a small SL at channel below.
I am supper bullish on HAL considering the potential fake out scenario. HAL is sustaining at same levels from past one week after giving strong trendline breakdown.
Maruti has given breakdown from its trendline along with potential support. In addition, after breakdown it has not fall an inch and thus inviting sellers. I am bullish on this trap. We can see a big candle soon hunting SL of sellers. Just an idea of upcoming trend. RR is favorable along with high probability setup.
LTIM tax news has bought a downfall in the price but we need to consider its strong bullish momentum. Trendline breakdown is already given but instead of fall it is sustaing. May give a strong reversal from here since short positions have been made. I am expecting this a major fakeout before good rally. SL and TP are mentioned in chart . trade as per your...
This is just possible technical analysis of where Vedanta can move in upcoming weeks/months.
Eicher motor is sustaining at major support level where we have already seen a great upward momentum in the past. Also as per the trend and channel which has been formed it confirms a greater probability for long trades. The risk to reward ratio is favorable and can give good returns. What are your views ? Target and SL mentioned in chart lets see how it responds
Aarti Industries is look bearish as it it taking big rejections from our descending channel top. What are your views?? I am into this trade with some small profits lets wait and match as market is supreme we can only predict and mitigate our losses
Little late to post this but still DOW has potential to recover from its recent fall. I am expecting a bullish scenario ( FOMC news coming ) trade safe .
Perfect area to open a short position for gold. Just some insight where gold may go next in upcoming days. Let's wait for a fake out of the channel and then we can have perfect entry. Shorting at range of 1940- 1942 preferred . Target can be considered at 1900 levels