tradingway2023

tradingway2023

if 25070 levels are the high, we can expect a retracement to 21000 levels and 18000 levels below that. given the overvaluation and the global scenarios we cannot rule out a correction.

tradingway2023

The nifty is likely to find support at 18560-70 levels and bounce back strongly to ATH. Lets find the action in the days ahead

tradingway2023

in my strong view, 18886 the All time high would be taken out on monday at open and if it closed above, the next potential target (after consolidation ofcourse) would be 20000 levels. brace yourselves.

tradingway2023

The nifty if it takes support in 18609, we can simply go long, given the FII long in Index futures.

tradingway2023

Remember i had advised to short infy when it was 1335 and now its close at 1265. where is it really heading to ? The fibo levels of the swing low says it may reach the recent swing low of 1186, unless it closes above 1279 on a daily basis. Given the weak outlook for the stock, better to avoid the stock for some time now.

tradingway2023

Hero moto is expected to take support at 2860 and below which 2730 and bounce back. be prepared to take position at these levels.

tradingway2023

The nifty failed to cross the all time high and retested yesterday 18620 levels. In my opinion it is expected to retest 18580 & 19530 levels and go up. Strict SL would be 18450 levels for all long trades.

tradingway2023

How many cashed in on the rally of infy to 1335 levels for selling. i had publised on 27th may and 29th may about infy falling firstly to the level of 1285, today it fell to 1274 level . Go as per the fibo chart for further levels. book profits if you have shorted at 1335 levels.

tradingway2023

The nifty in daily chart has took support in the fibo levels and bounced back in the near term. so until the 18450 levels hold, we can expect upside levels of all time high in the days to come and thereafter in unchartered territory. keep strick sl at 18450 levels for all long trades.

tradingway2023

i had published on 30th that nifty would be on consolidation for days to come and look how exactly the market took support yesterday at fibo support of 18485 level and bounced back. todays analysis is so simple - given the weak fii outlook on indices futures for the expiry, if yesterdays low of 18485 not respected, index will hit the next level of 18435 levels.

tradingway2023

The nifty upon a breakout from 18200 levels is likely to consolidate for a few days between 18650 and 18450 and the upon testing the lower end of this consolidation, one can buy with strict SL at 18250 for targets near all time high of 18850 levels

tradingway2023

Infy as predicted on friday melt down excellently and i expect downside until atleast 1285 either today or days to come

tradingway2023

The recovery of Infy could be potentially used to be sold, given the poor performance of the company and the future commentary of the company. The 1350 and 1366 could be strong resistance for the stock to march higher. shorts could be initiated with these strict SL. for target of 1288 and below.

tradingway2023

As expected from my yesterdays post, HDFC bank did not break yesterday's low of 1595 levels and is expected to move higher to 1627 levels and 1635 levels in the near term and upon daily close above these levels one can expect for the retest of the previous swing high. For all longs, Strict SL is 1590 levels.

tradingway2023

As predicted in my yesterdays chart, nifty's bull run continues and decisively closed above the previous swing high and momentum is with bulls for the days to come. The next level to take out is 18800 and thereafter 19400 levels. The higher levels may not come straightaway before a small correction. Lets stay long with SL at 18200

tradingway2023

The nifty sustaining above the recent swing high of 18450 levels and all time high of 18800 levels is set to reach 19100++ levels and the fibo extension levels suggest the same.

tradingway2023

HDFC bank has retested the support and is ready to breakout is my humbly opinion. can anyone confirm this with other technicals.