vanathi

vanathi Mod Updated 

Nifty has broken 9460 indicating further fall. Next important levels for nifty are 9390, 9370 and 9320.

vanathi Mod Updated 

Price action is consolidating inside the rectangle, trying to break. Sell below 367 with the stoploss of 370. Targets are 364, 360 and 358. Buy above 370 with the stoploss of 367. Targets are 373, 376 and 379. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 19, 2017 only.

vanathi Mod Updated 

Vedanta is at the support/resistance zone. 229 may act as a support or resistance. Sell below 228 with the stoploss of 230. Targets are 225, 222 and 220. Buy above 232 with the stoploss of 230. Targets are 235 and 237. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 19, 2017 only.

vanathi Mod Updated 

ITC is facing resistance at 283 - 285 level. If it breaks the resistance, price will move towards 292. If price didnt break the resistance, it will retrace to 275, then bounce back.

vanathi Mod Updated 

Price action is moving inside the rectangle. Sell below 305.5 with the stoploss of 307. Targets are 302, 300 and 298. Buy above 308 with the stoploss of 306. Targets are 311 and 313. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 18th 2017 only.

vanathi Mod Updated 

Sell below 348 with the stoploss of 351. Targets are 344, 341 and and 339. Analysis is based on support/resistance. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 18th 2017 only.

vanathi Mod Updated 

Price action has formed 1.Cup and handle pattern 2. Ascending triangle 3. Dow tenet "Lines indicate movement" Buy above 536.5 with the stoploss of 533. Targets are 541, 546 and 550. Sell below 530 with the stoploss of 534. Targets are 525, 520 and 517. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for...

vanathi Mod Updated 

Price action has broken the long term resistance 740 with high volume. I expect the stock to retrace to 740 and move sideways, then break down side. Sell below 740 with the stoploss of 745. Targets are 734, 728, 720 and 705.

vanathi Mod Updated 

Bulls will lose the battle temporarily if they didnt hold 9460 and bears will win. If 9460 is unable to break bulls will win. Lets see who wins. Whoever wins we are going to make money in market. Sell below 9510 with the stoploss of 9530. Targets are 9480, 9460, 9450 and 9430.

vanathi Mod Updated 

Banknifty is having resistance at the level 22980 - 22960. On breaking the support at 22880 Price will move towards 22830, 22780 and 22700.

vanathi Mod

Price action took support at 0.382 fib level today and gave good movement . I expect resistance around the level 183 - 185 which is 0.618 fib level. Buy above 185 when the price action breaks the reistance,with the stoploss of 183. Targets are 188, 190 and 192.

vanathi Mod Updated 

Price is facing resistance at 1555 - 1560 level. When it breaks the resistance we can go long above 1560 with the stoploss of 1545. Targets are 1580, 1592 ,1600 and 1610. RSI is forming hidden bullish divergence. Hidden bullish divergence occurs when price is making a higher low (HL), but the oscillator is making a lower low (LL).

vanathi Mod Updated 

Price action of one hour chart shows price is consolidating inside the triangle. RSI is taking support at 40 for the previous few sessions. Buy above 190 with the stoploss of 188. Targets are 193, 195 and 197. Sell below 185 with the stoploss of 187. Targets are 182, 180 and 178. Triangle gives false break out some times. Analyse and follow your trading plan always.

vanathi Mod Updated 

Price action is moving sideways at the resistance zone 810 - 815. I expect the price to retrace to 790 - 795 level which will form a cup and handle pattern. The breakout from the resistance will make the price to move towards 850. Will update the entries later.

vanathi Mod Updated 

SRF has broken the resistance around the level 1770 - 1780. We can go long above 1780 with the stoploss of 1750. Targets are 1860 and 1900. It is a long trade and we can take it for investment. Consult your financial manager before investing.

vanathi Mod Updated 

Price is consolidating for two days forming a boomerang pattern(New pattern found by me). Buy above 396.5 with the stoploss of 394. Targets are 401, 403 and 406. Sell below 390 with the stoploss of 393. Targets are 387, 383 and 380. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 16th 2017 only.

vanathi Mod Updated 

Price action has broken the downward channel and took support at 123 - 125 level. We can buy above 123 with the stoploss of 120. Targets are 140 ,145 and 150. RSI has formed hidden bullish divergence. Hidden bullish divergence occurs when price is making a higher low (HL), but the oscillator is making a lower low (LL). Consult your financial manager before investing.

vanathi Mod Updated 

Query : I have short position in Century Textiles. Can you give the view. Those who have shorted can keep 1165 as trail stop. 1165 will act as resistance. I expect the price will move sideways in the zone 1145 - 1132. 1095 will act as support. In daily chart price is moving inside the channel and I have drawn it as a red line. Price may bounce taking support at...