Jet Airways Our Site Reader Vimal asked me on TA for Jet Airways So discussing the same below On Daily Charts Jet Airways looks to breach its downward trend line and in the process broke its 50 DMA@458. If Jet breaks todays low @436 stock can move below 400 odd levels. MACD has generated… Read More »
Nifty Hourly Chart RBI does it again for which market was not prepared for.Raising the the REPO and Reverse REPO by 50 BPS and markets tanked heavily. Market did not discounted the news and Nifty tanked. If we look at hourly charts on Nifty following observation can be noted down: 1. We are approaching a… Read More »
RBI will meet today on deciding the Interest rate Hike to ease of untaming inflation. From a fundamental perspective the tighter the Interest rate more it will affect the Growth cycle as Industries need to pay more Interest on loan hence affecting their profitably. RBI has a tough task to do taming inflation and not… Read More »
Nifty Hourly Charts Nifty Hourly charts are in sell mode from 5870 as shown in charts having combo of 5EMA and 20 SMA. On Higher side trendline resistance is coming from 5900+ levels and lower end downside is open till 5630 levels as of now. Remember:Market always move in direction of least resistance. Hourly charts… Read More »
Nifty Hourly Charts Nifty Hourly Charts are trading in a Range of 5944 0n Higher end of trading range and 5700 on lower end of trading range.We have been trading in this range for almost whole April Month. After a Big Bang rally in March which took everyone by surprise we are now consolidating the… Read More »
Nifty Hourly Chart Nifty Hourly chart are in oversold zone with the correction which was witnesses in last 2 trading sessions. On Hourly we are moving in a trendline channel with upper range of 5944 and lower range 5650 in immediate short term. RSI and SLow Stochastic are in Oversold zone but I keep on… Read More »
Nifty Hourly Charts Nifty showed a tremendous move on Wednesday after 5 days of downfall and Nifty Hourly Charts moved back to buy as per the trading system and also moving into a vertical channel. As said in Nifty Weekly Analysis 5777 on closing basis should be SL for longs. Always give prefrence to Higher… Read More »
Nifty Hourly Charts Nifty Hourly chart is giving a SELL call as per our 5 EMA and 20 SMA system.Sell was generated at 5910 levels.Hourly overbought is getting corrected and slowly indicators are moving to oversold zone. On Hourly charts Nifty is forming a FLAG pattern formation which is low of 5822 is held can… Read More »
HDFC HDFC is moving in a trendline channel as shown in above chart. Buying should be done only a sustained move above 720. ON Daily Charts RSI and Stochastic are in overbought zone. Stock will enter into uncharted terrotiry after a move above 720 Buy above 720 TGt 728,735 SL 715 Sell below… Read More »
Nifty Hourly Chart Nifty Hourly charts with a combination of 21 EMA is shown.Nifty on hourly chart has broken the channel and took support at its 21 EMA. On Hourly Charts Nifty has become SELL as it has closed below its Hour High EMA@5907. Watch out 21 EMA on hourly chart any close below… Read More »