this is my view on nifty for next week.
below EMA 50 and the 8500 support that we have if it breaks 7100 is the target for me .
follow the chart for all the price action .
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NSE:NIFTY I am waiting for the Above level to come and then i'll short thats my view for now in nifty . It can retrace to 11350-11450 level with this ongoing short term bullish wave .
Shorting at 11400 level with a 150 points stop.
target below 10300 and and it can take time so its position.
so congratulations our yesterdays both stocks biocon and balkrishna industry both gave us 2-3 % returns in one day
SO... today we have RBLBANK a perfect weekly breakout and rising OI with a significant delivery percentage on daily traded volume.
i mostly trade on logic,number data and market trend
so for tomorrow we have a perfect stock to buy because nifty...
One can buy BIOCON for a target of 50% fib level .
I think tomorrow we will have a great upside on this stock as we can see a great buying activity on Friday but FIIs I assume tommorow we may ride up and this stock can give us some good bucks .
Perfect breakout after a long downside with volume.
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One tip for tomorrow you can also buy...
Today nifty made a hammer on the upper side of the trend but hammer is not good on the upper side of trend so i think its time for some reversal.
You can see when in a upper trend a hammer shows on the top its mostly a following red candle so ready for some reversal.
And yesterday where option chain was so bullish with very heavy PUT writing but today we see so...
Given chart we can clearly see that SRTRANSFIN Took support exactly at 78.6 Fib level
If it trades below this we can see the 61.8 Fib levels in Near future within 2 days i think.
TARGET 1- 1192
TARGET 2- 1180
TARGET 3- 1160 FINAL TARGET
My idea about reliance on monday .
After a big impluse wave its clealy making a bullish flag.
i am bullish but you can DYOR(Do Your Own Research) .
on the chart green and red lines showing the buy and sell zones.
lets see what happens.
TARGET ABOVE GREEN LINE -1310
TARGET BELOW GREEN LINE -1250
After a very good uptrend i think trend is changing now with this breakout on downside.
you can see this on chart clearly it broke out the trendline and also the head and shoulders pattern is also there.
my targets for this trades are
TARGET 1- 709
TARGET 2- 701
TARGET 3- 684
Nifty is making a clear head and shoulder pattern on weekly .
And also made shooting star candle on daily following a red candle of today you can short nifty at this level.
My targets for month end will be
TARGET 1 -10760
TARGET 2- 10580
TARGET 3- 10200