shivasanthanam07

shivasanthanam07

After reversing previously from levels of 49,800 , taking support from the trend line and 200 SMA, bank nifty is again giving us an opportunity to go long as it inches towards the trend line and 200 SMA. Look out for reversal signs at 50, 700 - 50, 600 levels

shivasanthanam07

Posted a chart earlier when nifty was at 23, 600 hoping that it would take support from the trend line and 200 SMA, which it did. After giving more than 5% returns from that level, nifty has retraced back to its support level again close to 23, 800. Time to look for reversal signs

shivasanthanam07

Posted a chart earlier when nifty was at 23, 600 hoping that it would take support from the trend line and 200 SMA, which it did. After giving more than 5% returns from that level, nifty has retraced back to its support level again close to 23, 800. Time to look for reversal signs

shivasanthanam07

Stock nearing the previous resistance level this is also a confluence area of trend line support and close to 200sma...

shivasanthanam07

stock taking support in long term trend line forming a tweezer bottom in one day chart after a gap down on the previous day stochastic oversold A strong buying on Monday would confirm a reversal...

shivasanthanam07

Long term trend line support with 200SMA confluence. Be on the lookout for reversal signs in bank nifty...

shivasanthanam07

Nifty is slowly moving towards the lower trend line which might as a support area. It is also a confluence area with 200 SMA. Need to start looking for strong reversal signals at this area

shivasanthanam07

clear bullish divergence in RSI and MACD 600 to 650 could be a good accumulation zone stop loss of 540 final target of all time high 1900

shivasanthanam07

After giving a good rally the stock is inching closer to its previous high ( near 2000 level) which may serve as a support this time... it might also take support from the trend line near 1600 level.Look out for a strong bullish candle at either of the levels ....

shivasanthanam07

BREAKOUT AND RETEST IN WEEKLY TIMEFRAME SL can be below the trend line TARGET can be the lifetime high

shivasanthanam07

first sign of reversal a morning star in monthly A 'w' pattern with break of neckline in weekly have a close watch and go long if the uptrend continues 965 could be a good SL

shivasanthanam07

wait for a strong monthly close. Can be a long term bet if it has a strong close in monthly above resistance level.

shivasanthanam07

taking support at longterm trend line sl- 283, deep sl- 263

shivasanthanam07

Mahindra holidays for a swing trade wait for retest