Nifty daily Charts are showing Bullish Inverted HnS with neckline placed around 43730 levels.If that is crossed with vols we cane see 4780 levels.4800 being 61.8% of fall from 6.2 to 2200 so will defiantly will be a resistance. 61.8% retacement metioned in charts above will prove a significant Resistance.I will like to bring in… Read More »
One of the trading Set up which i like to trade multiple tops and bottom.Bharat Forge qualifies that.Today moved up with good volumes Now it qualifies for a buy if it trades above 238 for a tgt of 245 and 254. HCL tech Buy above 322 tgt 330 345 Support is at 296
Negative Divergence is observed in RSI.Stochastic in oversold zone.Support at 4633 4579,4500.Actually forming Flag and Pole pattern and if 4485 breaks we can easily see 4325-50 levels.
HI All, Seasons Greetings to all. Due to work pressure m unable to post nifty Weekly charts NIfty Weekly Resistance 4650 4740Support 4500 4340 4130 Trading Ideas Astra Microwave:SL 72.70 tgt 83 88 Jupiter Bio:SL 72.50 Tgt 83 88 High vols on Friday India Bulls real estate tgt 277 290 sl 242 LIC Housing above… Read More »
GMDC 89-90 will provide good support between 89-90 levesl where we have 61.8% Retracement and 5 EMA also Placed OS watch out this levels for extremly short term view. Real mometum will start shwoing in stock once it start trading above 95 levels It can quickly move to 97 101 108 levels 105 Levels some… Read More »
Extremely Short term pick Took a very good support at 203-205 levels Buy only above 212 for a tgt of 217 219 sl 204
Hi All, Reliance took trend line support at 1924 and had a very dull session today,But volumes were OK so this indicates an distribution pattern.now if market needs to go up RIL will always play a crucial role.Looking at the charts once can take long above 1958 gor a target of 1975 1994. 2000-2010 will… Read More »
Cairn India locked in a rectangular pattern and we can see a breakout trade if it starts trading above 252-53 with a tgt of 256 262 Petronet LNG buy 72.50 sl 69 tgt 75 77 80 Short Renuka Sugar with sl of 190 tgt 175 170 165 158 Essar Oil above 141 143 146 (Intra… Read More »
HI All, Wishing all of the Blog readers a Very Happy Independence Day. Nifty Daily Charts are Displayed above:-A Clear Inverse Head and Shoulder is developing in the Daily Charts with neckline placed the at 4700 Levels.So be bullish only above 4700 Levels only till 4650-4680 try to book out profits on longs. Drought can… Read More »
Nifty at last held the crucial support of 4385 on closing basis.This will be treated as a good trend reversal sign as per my understanding.Adding fuel to the fire is dow shooting up 160+ point as i write this post. Nifty now will face resistance around 4501 4544 4562 and 4600. Few Trading Ideas Formed… Read More »