HAPPIEST MINDS - ALL THOSE WHO ENTERED EARLY MUST BE VERY HAPPY :D
TATA MOTORS, reversing from 200 MA, Bearish engulfing or call it as tweezer top..and also RSI divergence
HERITAGE FOOD LONG - 351 STOP LOSS - 324 ON CLOSING BASIS. 368, 375, 414
US OIL - WTI CRUDE - LOOKS LIKE ITS FORMING HEAD AND SHOULDER PATTERN. VIEW VOID IF IT CROSSES 59.10
IF PRICE CLOSES ABOVE 59.10 AND SUSTAINS ABOVE IT, THEN IT MAY MOVE UP.
US OIL - MAY FORM BEARISH DIVERGENCE. ITS TRADING AT THE SUPPLY ZONE. IT MAY MAKE A NEW HIGH AND PULL THE PRICES DOWN , BASED ON DIVERGENCE. NOTE ; CLOSE ABOVE THE ZONE MAY TAKE PRICES HIGHER. ( AFTER IT BREAKS THE HIGH OF BREAKOUT CANDLE )
NTPC - AT SUPPORT ZONE , ALL THE ZONES ARE MARKED. EXPECT UP MOVE ONLY AFTER THE CLOSE ABOVE TRENDLINE
USOIL - AT A STRONG RESISTANCE LEVEL
TCS LONG - INVERTED HEAD AND SHOULDER PATTERN. 2080 AND 2099 TARGETS
CRUDE OIL FUTURES. HEADING TOWARDS SUPPLY ZONE
BANK NIFTY , PREVIOUS WEEK IT HAD ENDED AS A SPINNING TOP. AND AFTER THE TUG OF WAR THIS WEEK BULLS HAVE SHOWN LOT OF STRENGTH TO SAVE THEMSELVES FOR BREAKING THE SUPPORT ZONE AND TURNED THE LOOSING SIDE TO PARTIALLY THE WINNING SIDE BY FORMING " DRAGON FLY DOJI ". WHAT NEXT !!! BULLS WILL FACE THE FIRST STRONG RESISTANCE AT THE WEEKLY CANDLE HIGH -...
NIFTY HAS BOUNCED FROM THE TREND LINE " Y ". NIFTY ALSO FORMED " HAMMER " PREVIOUS WEEK. 1. TREND LINE "X" AND "Z" WILL ACT AS RESISTANCE. 2. NIFTY IS APPROACHING A STRONG RESISTANCE ZONE ( 11069.65 - 11181.45 ) NOTE 1: WHEN EVER NIFTY HAS CLOSED ABOVE THE ZONE (11181.45), IT HAS EASILY MOVED UP TILL 11341.70. NOTE 2: WHEN EVER NIFTY HAS ENTERED THE ZONE AND...
BANK NIFTY 1 HOUR ANALYSIS - BANK NIFTY IS TRADING IN A CHANNEL FOR NOW. BUT PAST 5 CANDLES HAVE BEEN TRADING IN A RANGE ( RANGE - 27563.35 TO 27409.6 ) BELOW 27409 WE CAN EXPECT BANK NIFTY TO TOUCH THE CHANNEL SUPPORT.
NIFTY - INVERTED HEAD & SHOULDER PATTERN FORMATION. INVERTED HEAD & SHOULDER PATTERN WILL COMPLETE WITH IN THE ZONE. TAKING ANY LONG POSITION WITH IN THE ZONE WOULD BE AGGRESSIVE. BUT TAKING A LONG POSITION AFTER THE CLOSE ABOVE THE ZONE WOULD BE BETTER (ZONES DISCUSSED IN THE PREVIOUS CHART) TARGETS BASED ON INVERTED HEAD & SHOULDER PATTERN. - 11439 & 11633.
NIFTY WEEKLY ANALYSIS - NIFTY HAS BOUNCED FROM THE TREND LINE " Y ". NIFTY ALSO FORMED " HAMMER " PREVIOUS WEEK. 1. TREND LINE "X" AND "Z" WILL ACT AS RESISTANCE. 2. NIFTY IS APPROACHING A STRONG RESISTANCE ZONE ( 11069.65 - 11181.45 ) NOTE 1: WHEN EVER NIFTY HAS CLOSED ABOVE THE ZONE (11181.45), IT HAS EASILY MOVED UP TILL 11341.70. NOTE 2: WHEN EVER NIFTY...