About meActive Stock Market Trader in National Stock Exchange, India
Active Stock Market Trader
Active Clash of Clans player :)
Health Conscious and Healthy Eater
Simple Living & High Thinking
Not much Social but have liberty of some great friends for life.
We are finally done with the Karnataka Elections 2018. It was a high drama and at the first moment recognizing a hung assembly, markets started to turn.
BJP was leading and markets touched 10900 in opening trade. As soon as the leads vs actual win started to get clear, Nifty started declining. 10692 was a tripping point which was broken on Friday. There were...
NSE:PCJEWELLER has given all time breakout with good volumes. It retraced into the channel and rejected it again. It can touch 430 440 in coming days. I trade options so no specific stoploss. I will exit when price volume action is against me or when my target is reached.
On NSE:NIFTY I wanted to go long with my positions above 10350-10360 zone. That was exactly +53 point and +60 point on Nifty for the day. I have to admit, market kept me on the edges.
We have now an Inverted Head and Shoulder on 2 Hourly chart plus a strong resistance at 10350-10360. Breaking of this point is must for...
NSE:CEATLTD is a good buy above 1800 and can even touch 1900 if Nifty starts moving to the upside. Considering Volatility, stoploss can be at 1780. Trade is only good if we have a breakout above 1800 else we may see retracement to lower levels.
NSE:ACC has broken its support of 1710 and might drift downwards till 1675/1600 levels in coming days. One can avoid the stock if it jumps in tomorrows trade as it would have taken the support and negated the sell. Once it starts moving down, it can be shorted for1675/1600 level with a strict stop loss at 1720. The pattern...
Risky traders can buy ajantapharma at cmp near 1264 with stoploss at 1255. Crossing 1280 will confirm the trend and subsequent stop can be trailed.
I wont be updating the idea. Do at your own risk.
Last month I predicted markets to start falling post diwali. I think I was early by 10 12 days. As soon as the major players had declared earnings, markets started to fall.
I was beginning to think that this year markers are different from past 15 years. All the major companies in daily or hourly charts were...
NSE:NIFTY on hourly charts rejected the gapup and upside movement on 22 and 50 Moving Averages. Moving averages provide a resistance level for dead cat bounce after a fall. Nifty can head to test its previous support of 10250 and 10130 in 3 4 days.
NSE:BAJFINANCE has generated a sell signal on daily charts but 1780 is acting a tough support from yesterday on hourly charts and 1810 a tough resistance. For further downside it needs to close below 1880 on hourly basis else chances are it can bounce back. Downside targets can be 1700 and below.
NSE:HINDALCO has been making a channel for last few days suggesting a channel breakout soon. Since it had a bull run previously and results are already out, there are no more buy trigger in the near future. Close below 263.50 on hourly charts can take it further down.