Stocks near yearly support and traveling inside a channel. May bounce from 480 level in few weeks.
HDFC BANK near strong support containing monthly, yearly supports and one of the lower Bollinger Bands. 1230 -1235 good for accumulation if not breached in few days. If the above support is not sustained, next stop is around 1199.
Opening : Between H3 and L3 Position : CPR of this month is above previous month's , indicating a bullish outlook. Width : CPR is narrower than previous month's, indicating a trending month. Strong Resistance : R2,H5 and yearly H5 coinciding Strong Support : 1) CPR, L1, L2, L3 coinciding 2) L4, yearly H4 coinciding My analysis : Since the CPR is narrower and...
Opening : Between H3 and L3 Position : Both CPR and H3/L3 of this month are above previous month, indicating a bullish outlook for the month. Width : CPR width is almost same as previous month, giving us no clue whether it is going to be trending or range bound this month. Resistance : H3/R1 form a strong resistance band. Support : CPR,L3 and Yearly R1...
If brown line breached and sustained, expect new highs. Horizontal support, good opportunity to buy at lows, if not breached. Constructive criticism is appreciated. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
Thanks for 200+ views on my previous BankNifty Monthly Analysis post. Nov Analysis: This month’s CPR(Central Pivot Range) is wider than the previous month, indicating a possible consolidating/sideways month. Since the month’s opening candle is between H3 and L3, you can expect movement to be contained between these two borders. On the Resistance side,...
Upper trendline can be a strong resistance. Wait for GOLD to breach any one of the trendlines. Let the breakout sustain before taking any action. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
Nov Analysis : Opening candle : Between H3 and L3 CPR : Very wide, indicating a consolidating/sideways movement. Resistance : The band between H3 and R1 can be strong resistance area. If breached, expect NIFTY to touch H4 by end of the month. Support : Two strong support labelled in the chart due to coinciding monthly and yearly supports. ...
L2, CPR -> STRONG SUPPORT Expect trading range movement between H2 and L2 for most of the month. H2/H3 more likely to be reached once by the end of month. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
INFY at weekly/monthly support. If not breached in coming week, expect more upwards movement in coming weeks. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
HINDPETRO facing weekly/monthly resistance. If not breached, expect more decline. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
Constructive criticism is appreciated. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
Wait for breakout to sustain. Earning may be a catalyst. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
Wait for it to breach either of the trendlines and sustain it.
Wait for any one line to breach before initiating a trade. Breakout probably by end of September. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
Central Pivot Range (Dotted Blue line) is very narrow, expecting a trending day. 64 is monthly as well as daily resistance, expecting huge resistance from that level
CPR is wide -> Expect a sideways market ranging between H2 and S1. CPR and H3 are forming a strong resistance. If broken, expect bullish movement. S1 is a strong support. If not broken, expect a bounce back. If broken, expect more downwards movement. Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for...