padiyara

padiyara

Bank Nifty is having many internal waves (the count may be required to change). By the wave personalities and positions,assuming the current move as a wave in intermediate degree, it has to make a move towards 24777 minimum , and a 127% of its higher degree need to go around 29350. a 100% Fibonacci projection is marked in blue labels, but the hypothesis shows,...

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Meanwhile there will be some corrections, those levels can be checked on a weekly basis, But over all trend is a strong bullish one, hopes that the channel also shows a confluence resistance around 10700 level. By this time many of you are familiar with the attached chart and hope you are confident about the degree of main trend. Definitely there are counter...

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Good recovery from the support line, with a breakout from the resistance. Next res: will be 165 &180 Support:140

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BANKNIFTY': 23449 Below 23420 today's Supports are 23370_ 23280 & 23240 Above 23480 toady’s Resistance 23530_23620 & 23650 Weekly above 23490 BN Resistance will be 23600_23766_ 23853 & 23960 Weekly below 23420 BN Supports will be 23324_23200_23110 & 23000 Monthly above 22340 BN Resistances will be 23421_ 23550 & 23656 (Last week attained 23540) Monthly...

padiyara

See the direction of the move and trade accordingly. I assume that nifty' can go further up like a B leg, before making a correction. Below 9656 today’s Supports are 9640_9610 & 9595 Weekly above 9685 Nifty’ Resistances will be 9716_9768 & 9797 Weekly below 9647 Nifty’ Supports will be 9616_9563 & 9535 Monthly above 9560 Nifty' Resistances will be 9625 _ ...

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SRF Ltd:1553 is trading in a symmetrical triangle, near support now. The stock is in an oversold state, can take move towards 1800. On break out of this triangle the stock can move towards higher levels. Stop:1540

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Nifty' having a triple top resistance at 9701, the next Gann 135 degree support will be 9554 & Gann315 Deg supp at 9358, as marked in the table attached.(The below example gives you an exact picture) Nifty' doesn't follow the degrees every time, but Bank Nifty' Does that, so take this for a study only. people have boredom with numbers and calculations, most of...

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One of our boarder mate was discussing about the GANN levels he follows for day trading / swing trading. He said on 29 June that… Bank Nifty' From High 2305(5) was 135 Degree. And it Was in 5 days 135 Degree. It Was about 843 Points Range (841=315 opp' of 135). Was it a Good Squaring. I am learning through books. So I don't have much confirmation whether I am...

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Hindustan Composites Ltd: 590 is an up trending small cap stock with low equity base, currently trading at the bottom trend line support level,good for investment at current level. All the above is said true, but the numbers are always below expectations, and that make the ROE poor, is the reason the stock is not performing well like sumi or exide. Exide will fly...

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Above 23245 toady’s Resistance 23283_23356 & 23410 Weekly above 23260 BN Resistance will be 23290_23340_ 23380 & 23420 Weekly below 23160 BN Supports will be 23084_23000_22880& 22790 Monthly above 22340 BN Resistances will be 23421_23550 & 23656 Monthly below 23080 BN Supports 23000 _22870 & 22760

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BlueDart' on break below the support level 4170 ,can come down to 62 % retracement level 3250

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Gokul Agro' Resources Ltd (Edible Oils): ₹29.40 (onRequest) The stock is trading in a price channel having a 10 points wide approx. & currently at mid channel support and a 55DMA support. The stock is not fundamentally sound, with huge debt burden and even though there is a surprising sales growth, the profit growth is marginal and ROE 8.3% is just a normal...

padiyara

Schneider Electric Infrastructure Ltd:127.50 is at the brim of a descending triangle probably poised for a break ,based on indicator signals (weekly chart). support: 101 On the other hand, it has a Positive Divergence in daily RSI, if sustain above the level 130, it can trade within the triangle, and make move to resistance :156

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yet another opportunity to see 1100

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Bharat' Electronics Ltd:168.00 (onRequest) Correcting now an 86 point up swing, having support at mid channel, around 154, that is exactly a 38% of the current upswing. Strong support 142. The numbers are good,but 187will remain strong resistance. Market Cap.: ₹ 37,290.42 Cr. Book Value: ₹ 46.00 PE: 24.00 ROE: 15.6% Quick ratio: 1.28 Dividend Payout:...

padiyara

Nifty: 9521 is showing bearish signals having strong resistance at 9530 area. And hopes that this down move may support around 9360 . Above 9530 today’s Resistance are 9543 _9566 & 9580 Weekly above 9540 Nifty’ Resistances will be 9564_9575 & 9608 Weekly below 9500 Nifty’ Supports will be 9477_9434 & 9400 Monthly above 9560 Nifty' Resistances will be 9625 _...

padiyara

BANKBARODA: ₹161 is showing a strong recovery after the break from the bottom trend line, good for a Swing Trade. Next resistance ₹195 stop loss:157 Trend line support.

padiyara Updated 

Notice that not traded below the Monthly support level 23300 & not traded above Monthly resistance 23635 also. It was told in the beginning of the month that, we may see a sideways market coming true. Below 23190 today’s Supports are 23154_ 23136 & 23080 Weekly above 23617 BN Resistance will be 23662_23699_ 23736 & 23856 Weekly below 23470 BN Supports will...