vanathi

vanathi Mod Updated 

Price action of Dabur has broken the upward trendline indicating bearishness. RSI and TSI shows hidden bearish divergence. Hidden bearish divergence happens when price is making a lower high (LH), but the oscillator is showing a higher high (HH). Dabur is sell below 278 with the stoploss of 279. Targets are 270, 268 and 265. Always protect your profit with trail stop.

vanathi Mod Updated 

I have extended the lines I have drawn. Once again Banknifty has taken the support of 20550 - 20580. Banknifty is buy above 20550 with the stoploss of 20500. It is having resistance at 20700 - 20715 level. Targets are 20650 and 20700.

vanathi Mod Updated 

Buy 514.50 sl 511.50 trg 517 520 523 Sell 511.50 below sl 514.50 trg 508 505 502

vanathi Mod Updated 

Power grid is trending near the long term support at 186-188. Close above the trend line will make the price to move up towards the targets 194,197,199 and 202 with the stoploss of 188. RSI hidden bullish divergence supports the price action for uptrend.

vanathi Mod Updated 

Jindal Steel has broken the long term trend line in the weekly chart. High volume indicates lot of accumulation in the year 2016. After taking support @ 65, it is moving slowly and steadily. Price action is forming a rounding bottom. I expect this stock to reach 200 in 6 months to one year.

vanathi Mod Updated 

Jubilant foodworks has broken the weekly downward trendline. After consolidating with high volume, it has broken the trendline showing its bullishness. 910 - 950 is the strong support area. However there is a hidden bearish divergence in RSI. Price may reach the support line again to get support. Or it will move upward breaking the bearish divergence. Targets are...

vanathi Mod Updated 

BankNifty has taken support at the level 20400 - 20450. Banknifty is buy above 20450 with the stoploss of 20400. Targets are 20550, 20600 and 20650.

vanathi Mod Updated 

After getting support at 8860 nifty is gaining strength. Nifty is buy above 8900 with the stoploss of 8880. Targets are 8920, 8940 and 8950.

vanathi Mod

Equitas Holdings is trending along with long term support line. I expect this stock to take support at the trend line once again and move upside. Close above 186 will make the stock to move faster. Hidden bullish divergence in RSI indicates the stock will have uptrend in coming days. Hidden bullish divergence happens when price is making a higher low (HL), but the...

vanathi Mod Updated 

When you are a day trader, what things you need? Apart from the trading platform, chart, money and technical knowledge. You need a 1. trading plan/strategy. 2. Should know when to trade 3. Should know when not to trade. 4.Risk reward ratio. Trading plan/strategy depends on your trading style. Even I analyse/plan my trades, but in experience I have seen market...

vanathi Mod Updated 

It is fascinating to see more than one RSI divergences occuring nearby. No 1 is a hidden bearish divergence which made the price to fall. No 2 is also hidden bearish divergence which is trying to pull back the price down. No 3 is a hidden bullish divergence which will take control of the price. I expect the price to move down and after taking support it will...

vanathi Mod Updated 

Tatacommunications is consolidating inside the triangle. Close above 745 indicates bullishness. Stoploss 741. Targets are 748, 752 and 755. Use trail stop to protect your profit. Another version of the analysis is also here.

vanathi Mod Updated 

Nifty is at the support zone 8890 - 8900. Close above the support indicates nifty is bullish. Targets are 8920, 8935 and 8955 with the stoploss of 8890.

vanathi Mod Updated 

Bank Nifty is trending between the support zone 20560 - 20590. Close above it indicates banknifty is bullish. Targets are 20630, 20680 and 20710 with the stop loss of 20560.

vanathi Mod

This is a very long term investment as the time frame of the rounding bottom is monthly. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the monthly chart indicates this script is turning from bearish to bullish . When buyers enter the market at a low price, it...

vanathi Mod

The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish. When buyers enter the market at a low price, it increases the demand for the stock. Once the rounding bottom is complete, the stock breaks...

vanathi Mod Updated 

It has been observed on daily chart of XAUUSD, getting support at 1129 price action reached 1221. Daily close above 1221 indicates bullishness of XAUUSD. Target is 1248. Stoploss is 1215.

vanathi Mod

An important query from the traders to me is how to learn trading? Is there any course or books available? Courses I dont know. Books I can refer a few. Technical Analysis Explained by Martin Pring. A Complete guide to volume price analysis by Anna Coulling. Japanese candlestick charting techniques by Steve Nison. After reading these books, when reading the ideas...