vanathi

vanathi Mod Updated 

Price action on one hour chart of Tatasteel shows that the price breaks out of the flag formation indicating the stock is bullish. Buy tatastell above 460 with stoploss 458. Targets are 470, 474 and 477.

vanathi Mod Updated 

BankNifty took support at 18740. Now 19000 has become the support for banknifty. Buy banknifty above 19000 with target 19175, 19240, 19350 and 19490. RSI shows the momentum is increasing.

vanathi Mod Updated 

Nifty took support at 8328 and broken the resistance at 8462 proves it is very bullish. Bank nifty's strength is also a reason for nifty's uptrend. One can buy nifty with targets 8510 and 8590. I am with nifty from "Mighty Nifty is warming up!!!" (From 8130 to 7923 - nearly 200 points), "Mighty Nifty is buy" (From 8060 to 8200 - 140 points), "Mighty Nifty is...

vanathi Mod

I believe for every problem, there is a solution. This post is the follow up of "Chennai petro - running out of fuel". Big candle with huge volume indicates big players entered the game. If I am a big player, I wont enter a trade without 30 to 40 pts of profit. Big players entered at the price of 320 on Jan 4. And they exit at the price of 360 on Jan 24th. A good...

vanathi Mod Updated 

"Lines indicate movement" is one of the Dow tenet. Lines refers to the trading range formed when the price action moves sideways over a time. It indicates either accumulation or distribution. Upside break confirms the accumulation and downside break confirms the distribution.

vanathi Mod Updated 

Dow tenet "A trend is assumed to be in effect until it gives a definite signal of reversal". Though there are many trend reversal signals like candlestick pattern, trendlines, support/resistances and indicators, we can use peaks and troughs to confirm it in a better way. Uptrend - Higher high(peak), higher low(trough) Downtrend - Lower low(trough), lower...

vanathi Mod Updated 

First let me explain why I started to post my ideas here. When I came to Trading View, I was a trader. Now I am in the process of becoming professional trader. It is because of the people who shared/sharing their ideas here. I gained/gaining knowledge here and sharing it here. So what is the difference between a trader and a professional trader? Traders dont know...

vanathi Mod

Price action shows Lupin is moving towards its long term support line 1400.

vanathi Mod Updated 

Dow is in distribution phase. Upward trend line has been broken. RSI shows negative divergence. As per Dow's theory, line indicates movement. Dow forming a line indicates a big movement is coming soon. Longer the line formation faster the movement. in.tradingview.com

vanathi Mod Updated 

Price action of Asian paints shows down trend is over. Asian paints is trending above the long term trend line, downward trend line has been broken and RSI shows strength in momentum. Asian paints is buy with stoploss 900. Targets are 964 and 1010.

vanathi Mod Updated 

From today's Bank nifty movement, I can explain Dow theory's 2 tenets. 1. The market discounts everything.i.e The market reflects all available information. Price shows the market participants mindset. 2. Indices must confirm each other. i.e In order for a trend to be established, major indices(Nifty and Bank Nifty)must confirm each other. Friday Bank nifty has...

vanathi Mod Updated 

In the daily chart price action breaks the downward trend line. It will move up to 38.2% or 50% retracement levels. Targets are 159 and 162. Stoploss 150. Happy Trading! in.tradingview.com

vanathi Mod Updated 

On 12th Jan Nifty formed an ascending triangle, indicating price action will move up. On 13th Jan we had a spike movement in opening. At the end of the day, nifty formed a descending triangle indicating price action will go down. I have taken smaller time frame so that the triangles will be more visible. On breaking the triangle's base at 8375 Nifty can move up to...

vanathi Mod Updated 

Few friends here asked me some questions. I took time to answer as important questions need right answers. gameofmoneys : How do you find out shares which are on the verge of breakout or reversal? Answer : Break out or reversal can be found by candlestick patterns, indicators, support and resistance levels. All these will work out if it goes along with the main...

vanathi Mod Updated 

Getting strong support at the price 338 Jet Airways started its journey smoothely irrespective of the rough weather. RSI shows positive divergence and downward trendline has broken. Buy Jet Airways with stop loss 350. Targets are 400 and 423. Its a long journey, long trade. Happy Trading! in.tradingview.com

vanathi Mod Updated 

Price action of Chennai Petro shows weakness by forming 1. Descending triangle 2. Less volume 3. RSI momentum. Will update target, stoploss, entry in comment seeing price action.

vanathi Mod Updated 

Arvind is trending inside the channel, getting ready to break. Price action in daily chart also shows weakness. We can short with the stoploss of 360 when it breaks the channel along with main index mighty nifty. Maximum target is 345.

vanathi Mod Updated 

Price action of adaniports shows weakness by the formation of triple towers. Now adaniports is trending within the channel, but if the channel is tested when the main index is weak, it can reach 270, 265.