Price action is consolidating inside a triangle indicating triangle break. Buy above 556 with the stoploss of 552. Targets are 561, 565 and 570. Sell below 552 with the stoploss of 555. Targets are 549, 545 and 540. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for June 1st 2017 only.
How zones are important? Zones are going to decide the direction of nifty. Nifty has to break the zone 9600 - 9610 to continue its bull run towards 9660. Immediate support is seen at the level 9530 - 9545. On breaking 9530 price will move towards 9490 and 9460.
I have found a new pattern known as "Hut Pattern". You can see a man standing outside the hut. Our quest on May 31st is to find out where the man is going. Whether he is going towards the Sun or towards the fallen apple. Buy above 742 with the stoploss of 737. Targets are 748, 753,757 and 760. Sell below 737 with the stoploss of 741. Targets are 733, 728 and 722. ...
Buy above 339 with the stoploss of 337. Targets are 343, 348 and 351. Sell below 337 with the stoploss of 339. Targets are 334 and 330. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 31, 2017 only.
My favourite Dow tenet "Lines indicate movement". Buy above 487 with the stoploss of 485. Targets are 490, 494 and 497. Sell below 485 with the stoploss of 487. Targets are 482,479 and 476. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 30, 2017 only.
Have you heard of the term "random trading" ? May be its a new trading related term. I just found how random trading break down a trader and his trading account. I intereact with traders here. Few people share their trades. And thats how I found this random trading. Random trading has no entry, exit, target or trading plan. When a trader thinks the price will go...
Price action has formed an ascending triangle. Buy above 380 with the stoploss of 378. Targets are 383, 385, 387 and 390. Sell below 377 with the stoploss of 379. Targets are 374, 371 and 369. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 29, 2017 only.
How many of us go to the movie for the first show on the release day itself? How many of us buy a new brand mobile when it comes to the market at once? When we develop a character based on impulsive actions, it creates a lot of reactions. On the other hand rich people wont jump in to the market when the price moves. They enter at the price which suits their...
Question : I am a learner and gain little bit of knowledge about indicators behavior from my own. But its take to much time to learn by searching things on internet. I have indications by RSI MACD & MA crossover that this stock go down or rise but timing missed. Please guide me. Answer : There are two types of indicators. Leading and lagging. Leading indicators...
Nifty is nearing its previous high 9532 which will act as a strong resistance.Support is seen at the level 9450 - 9460. I expect we will have range bound movement between 9525 - 9460 today. On breaking 9450 price will move towards its strong psychological support at 9390 - 9370 level.
Price action has formed a "pencil pattern". Pencil pattern is found by me. Now pencil pattern will help us to find how the price will move. Buy above 341.5 with the stoploss of 339. Targets are 344, 347 and 350. Sell below 338 with the stoploss of 341. Targets are 335, 332 and 330. Intraday calls depend on the market opening. Analyse and follow your trading plan...
I have found symmetrical triangle formation in canarabank. Lately I have found triangles are fascinating. In few minutes of market opening triangles will give us clue about which direction price action will break. Buy above 357 with the stoploss of 355. Targets are 360, 364 and 366. Sell below 353 with the stoploss of 356. Targets are 350, 347 and 344. Intraday...
Price is consolidating inside a descending triangle. 420 is acting as a strong support. Buy above 426 with the stoploss of 423. Targets are 429, 432 and 436. Sell below 421 with the stoploss of 424. Targets are 418, 415 and 413. Intraday calls depend on the market opening. Analyse and follow your trading plan always. New traders enter trade after watching price...
Buy above 527 with the stoploss of 524. Targets are 531, 535 and 538. Sell below 523 with the stoploss of 526. Targets are 519, 515 and 513. Intraday calls depend on the market opening. Analyse and follow your trading plan always. New traders enter trade after watching price action for 15 to 30 mins. This trade is valid for May 24, 2017 only.
Price action has been consolidated inside the rectangle and it is breaking out. Buy above 417 with the stoploss of 414. Targets are 421, 424 and 428. Sell below 412 with the stoploss 415. Targets are 409, 406 and 404. Analyse and follow your trading plan always. This trade is valid for May 22, 2017 only.
Price action is consolidating inside a funnel pattern. Funnel pattern gives good break out. Buy above 350 with the stoploss of 347. Targets are 354, 357 and 360. Sell below 347 with the stoploss of 350. Targets are 344, 341 and 349. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 22, 2017 only.
Rectangle makes the chart more interesting. Centrum capitol's price is consolidating inside the rectangle for few weeks. We can accumulate this stock above 45 with the stoploss of 42. Targets are 55, 60 and 65. Consult your financial manager before investing.
When I looked in to the chart it was so tempting to put a post about it. Price rejection + Over bought RSI = Trend reversal. We can go short below 425 with the stoploss of 430. Targets are 400, 390, 380 and 370. I expect the price will retrace to 425 - 420 levels before falling.