BREAKOUT AT 150.65 SYMMETRICAL TRIANGLE EXTREME HIGH AND LOW DIFFERENCE TAKEN TO PREDICT THE TARGET IN THIS CASE HIGH TAKEN 155.20 LOW AT 128.70 DIFFERENCE 26.5 TARGET WILL BE 150.65+26.5=177.15 STOPLOSS IS PLACED AT LOW OF CANDLE BREAKOUT THAT IS AT 144.45
BREAKS THE TREND LINE.WILL IT CLOSE ABOVE 303?CLOSING ABOVE 303 WILL HEAD TOWARDS 317-320
#AXIS BANK HAS BEEN CONSOLIDATING FOR A WHILE IN AN RANGE BETWEEN 518-550 CLOSING ABOVE 547-550 WILL CONSIDER AS BREAKOUT AND HEAD TOWARDS 563.50-565 CLOSE ABOVE 565 IS MUST FOR STRONG UPWARD MOVE.TARGET SEEN AT 594. ANY REJECTION OF CLOSE ABOVE 547-550 WILL BE A SHORTING OPPORTUNITY FIBO EXTENSION TARGETS ARE 547.30 (61.1%) 565.20 (100%) 594.20 (161.1%)
#DLF THE TREND IS DOWN AND IT IS CONTINUOUSLY MAKING LOWER LOWS AND LOWER HIGHS IT HAS ENTERED INTO THE ZONE WHERE IT MIGHT CONSOLIDATE IN A RANGE BETWEEN 179-197(PRICE ACTION) BREAKING ANY SIDE WILL GIVE ANOTHER 20 RUPEES TO TRADE. ABOVE 197--207.30--216 BELOW 179--170--158 IF THIS HAS TO BE BOUGHT FOR LONG BEST BUY WOULD BE AT 158 TRADE SETUP WILL BE BUY LOWER...
#HINDALCO TRADING IN RANGE BETWEEN (CONSOLIDATING) 232-214 BREAKING EITHER SIDE WILL GIVE GOOD OPPORTUNITY FOR TRADE BUY ABOVE 232 OR AT 214-216 SELL BELOW 232 FOR TARGET 214-216 CARRY THE SHORTS IF IT CLOSES BELOW 214 TARGET 202.50-200 TARGET ABOVE 232 WILL BE AT 249 TRADE ACCORDINGLY AS MARKED IN CHART
#NIFTY WILL IT FILL THE GAPS AND RESUME THE UP MOVE OR WILL IT CORRECT MORE? 1ST GAP AT 10876-10860 2ND GAP AT 10999-10976 TODAY IT CLOSED THE 2ND GAP 10999-10976 AND BROKE THE TREND LINE(FIRST TREND LINE) AND ENDED THE DAY AT 10936.85 LOW AT 10926.25 SUPPORT SEEN AT 10929(PRICE ACTION ZONE) WILL IT HOLD THIS LEVEL OR WILL HEAD DOWN TOWARDS 1ST GAP AT...
#INFY 1279-1267 VERY IMPORTANT SUPPORT LEVEL BREAKOUT OF THIS SUPPORT WILL TEST 1248-1237 (BULLS MUST PROTECT THIS LEVEL) BUYING RESUMES ONLY ABOVE 1279 OR AT 1248-1237
#BHEL IS CONTINUOUSLY MAKING LOWER LOWS AND LOWER HIGHS THERE IS STRONG SUPPORT SEEN AT 66.85 AND 60.20 INVESTORS OR ANY LONG BUYING SHOULD ENTER AT THOSE LEVELS.
#JET AIRWAYS LOOKING GOOD AT CURRENT LEVELS AS LONG AS IT TRADES ABOVE 327.70 IT IS A BUY RESISTANCE SEEN AT 368-370 SUPPORT 327.70 BELOW 327 MORE WEAKNESS SEEN HEADING TOWARDS 310-250
#NIFTY AS LONG IT WILL TRADE ABOVE 10700 WILL TEST 10800-10830!
10700 looks strong support breaking the trend line will test 10893-10930
#ASHOKLEY TRADING AT VERY CRUCIAL SUPPORT LEVELS TRADING/CLOSING BELOW 130.70 SHOWS FURTHER SIGN OF WEAKNESS HEADING TOWARDS 118.70-116.30 HOLDING THE SAME WILL BE A BUYING OPPORTUNITY FOR TARGET OF 139.30 CLOSING BELOW 130.70 WILL BE GOOD OPPORTUNITY TO GO SHORT!
#RELIANCE TRADING AT IMPORTANT SUPPORT 990-988(20EMA) MORE WEAKNESS SEEN BELOW THIS LEVEL NEXT SUPPORT AT 974-977 STRONG SUPPORT @ 958.60 HOLDING SAME WILL BE GOOD BUYING OPPORTUNITY TARGET 999-1010
#SBIN TRADING AT CLUSTER OF SUPPORTS 269.30-264.80-260.50 CLOSING BELOW THESE LEVELS WILL WITNESS MORE WEAKNESS TOWARDS 243-241 HOLDING THE SAME WILL BE GOOD BUYING OPPORTUNITY(BUY @ 274.80 ON CLOSING BASIS) RESISTANCE SEEN AT 290
#HEXAWARE GAVE BREAKOUT TODAY AT 458.20 WITH BIG VOLUMES AND CLOSED COMFORTABLY ABOVE THE RESISTANCE AT 462.80 NEXT TARGET SEEN AT 477 AND 524(BASED ON FIBO EXTENSION) ONE CAN INITIATE LONG AT CURRENT LEVEL STOP LOSS 458.20
#ICICI BANK LOOKS WEAK BELOW TREND LINE WILL GO SHORT AT CURRENT LEVELS WITH STOP LOSS ABOVE 288 TARGET 279.30-275.25 BUYING OPPORTUNITY SEEN ONLY ABOVE 293 ON CLOSING BASIS.
long can be initiated above 10359 failing to cross over will test 10075-9951.90-9795.35