TCS 3233 : A parabolic move in TCS -shows greediness. Book profit with trailing SL 3150.Expecting TCS to test 2650 quite shortly.
Nifty 14433 - As posted on 12/01 , Nifty has dropped down to target 1 1444 5 and it seems to have broken target 1 14445 and moving towards target 2 14220.
14/1/2021: While undercurrent is negative, short trend is positive. So expecting Nifty to move up and will test the resistance. Trading Strategy : Buy with Support 14565 Stop loss 14547 for target 14645. Reverse trade ( Go short ) when Nifty raise above 14645 and fall below the same and/or fall below 14565
As indicators are diverged, Nifty (14563 ) is expected to test 14445 and more possibility to test 14220.
Nifty expecting to raise to complete distribution. More details in the chart
Bank Nifty is bearish-HS pattern.Details in the chart.
This is a Followup post to clarify the HS pattern formation in Nifty daily chart. Please refer earlier post to refer details.
Nifty bullish run seems to be exhausting. More details in the chart.
Nifty (11308) -seems to be bullish. Will be going long with support 11285 for target 11367, 11500.
Nifty in 30 minutes chart suggests weakness. It has to cross above 11360 to continue bull run. Will be going short below 11350 with SL 11367 for target 11232
Federal bank (53.90) 30 min chart suggests a CUP and Handle formation. If pattern completes, bullish breakout to target 60. Will be Buying with Support 53 for targets 56 , 60
SBIN might test 193. Breakdown of 190 will take down to 185.
Nifty bullish divergence for target 11500
Nifty bullish ascending triangle suggests a breakout of 11240 for 11500.
Nifty view for 07 Aug 2020. Details in the chart
Nifty bearish flag symmetrical triangle pattern in 5 min chart suggests a breakdown below 11090 for target 10950. Short below 11080 with strict SL at 11090 for the target. Trade with Your own risk.