sonata soft --1 hr time frame
resistance breakout given at 500,
good to add? at 500 , stop loss 490!
target is open
A long time resistance of 500 has been broken and stock has tested 500 levels too many times today!
Trade with caution, For educational purpose,
Always check RSI and MACD and Volume before entry NSE:SONATSOFTW
We shared indigo on Saturday
1. 1535 looks big support, it respected today despite market fall
2. 1565 looks upper side resistance for sometime.
3. Investors may look to buy only above 1565 for 1596
4. Traders may buy on dips at 1535 for max 1565 ( trading between the lines )
5. market looks bearish , any fall below 1520 can take it deep down.
***I myself have...
Sharing an update from the chart we shared on saturday.
HCL was expected to stay in range or give breakout, but HCL brokedown and took beautiful support at the red line(GAP).
if some one shorted at 945, he would have got a good 15 rs move from the blue support line
HCL can be seen range bound.
Lower support is at 940.
Upper Resistance is at 958-to 960.
People can use range bound trading .
One can buy both PE and CE and the trendlines separately.
For going long always :
2. MACD from red to green
3. SQZMOM_LB from red to green
4. Price above VWAP
5. Volume above Exp Moving average NSE:HCLTECH (volume EMA for...
1. Channel pattern
2. triangle pattern
3. Triple bottom
The red line on the candles is for a safe support, how ever the deep support is the blue line below.
Also note the RSI is trading in line and channel of 40 to 60.
Scalping can be done using RSI and the RED line support on candle .
This looks range bound for few days .
Head and shoulders pattern done in bank nifty (head and shoulder indicates a trend reversal--mostly bearish )
We see that bank nifty is taking support 35600 almost 6 times on 5 min time frame.
This can be considered big zone for support , anything below may take bank nifty deep.
any cross over 36500 is bullish .
Note : RSI is king --- reversals from RSI 17/ RSI...
The chart shows two support.
one is in between the parallel line which can keep the momentum for nifty .
the other one is the support at base (marked by two arrows) , please excuse the drawing precision.
We believe nifty will trade in range next week and support may be at the base drawn (please extend chart to 30 min Time frame and zoom out, you will see a very...
A symmetric triangle formation can be seen in this chart.
support is at 650 for a good one.
Resistance looks at 659 .
Always look for
1. bank nifty
before going long
A symmetric triangle pattern breakout
is possible in ICICI bank
650 is good support, look for breakout at 659.
1. bank nifty
5. SQZmom changeover and
before going long
bharti airtel has been trading in range of 591 to 600.
If we see on 30 min or 15 min, 591 has acted as multiple support since 12th feb.
upside looks capped at 600, above 600 targets can be big.
1. Either do a range bound trading between parallel channel
2. or wait for the last big candle to break out at the triangle .
Already we have seen big...
We shared apollo tyre at support of 236 yesterday.
Today the same support was a resistance as per parallel channel and it broke to touch a high of 243 ( which another resistance) if you see at the top .
One only needs to decides which line to trade and then go with conviction and little risk.
1. triangle pattern
2 or downtrend symmetric channel pattern NSE:APOLLOTYRE
Asymmetric or Triangle .
We have shared chart for both the possible patterns.
Please use indicators to confirm either of them .
First try to go with triangle pattern .
Once triangle is confirmed, look for resistance at upper end of the channel and wait for a breakout after booking partial profit from the triangle pattern/ NSE:BPCL