Long term Uptrend Channel ( 45 degrees) since 2013. Its taken a support at last month's low of Rs 975. momentum Indicators are all very oversold. 12 month target Rs 1750+
Buy zone @106 to 110 Stoploss @ 102 Target @ T1 128 @ T2 149
Looking at the EU and US markets, expecting NIFTY to trade in a very range bound market... 16700 ~ 16770 look to be good resistance zone (CPR resistance levels 16703) 16500 - 16500 look to be good support zone (CPR support levels 16561) OI a. Call writing is quite high at 17K, even 16.7K has good OI b. Put writing at 16.5K has nearly 6 million contracts 20 delta...
TTM ( Tata Motors , Indian conglomerate): Nice set up here as we had a multi week bear channel and we're now breaking out of this channel, signalling a potential reversal to the upside. To maintain this reversal, the price will need to remain above the line of the bear channel which is now acting as support. Note that price could go up a bit and retest the ...
I will post some detailed description on Falcon Trigger Line method as an educational post, but basic concept is like this: When we anticipate trend reversal, e.g. right now trend is up and we want to short this market, or we are expecting a reversal, the best method is to use Falcon Trigger Line Concept. Shorting Scenario: Take the short when red candle...
The Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't...
Mindtree has already retraced by 50% from the top considering the rally from March 2020. It has its extremely crucial support at 2760 and the major support for the long-term view remains at 2645. Mindtree has given a major breakout today after having been moving in a narrow range for the past few weeks, in the near term we can expect a move to the upside...
Its looking bullish, waiting for the LARSENT & TOUBRO to correct and then give us long opportunities. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only
RELIANCE on the verge of breaking trendline.sitting at resistance,might take a bounce from the lower support. Fresh long entry consider above 2440 as per risk apetite
Indian private bank king is ready to make an impulse in the long direction be in the trend for the rewards 1 Week time frame Factors which im considering 1) RSI divergence 2) Piercing candle in the support of 50 sma 3) Support in 50 sma 1 Day time frame It has taken good support in 1 day time frame of 50,100 sma( simple moving average) reversal pattern...
Hello Everyone, This is the first time i am sharing my idea on NIFTY 50, Indian Index. Past 3 days were very good for NIFTY. rise of more than 700 points. But now i see downward wedge pattern in Daily chart. Possible scenarios i see here are; 1) Strong resistance at 16000 . We should see profit booking here. we may test 15600 again for good pump. 2) If we...
Hi Traders/Investors, NSE:NIFTY is trading between a small 300 point range n break on either side would trigger sharp volatility. UPSIDE momentum looks strong in NIFTY as well as Bank NIFTY. There is a Supply Zone between 15900 to 15930, which can act as first line of resistance tomorrow if there is not a gap up. There is a gap on UPSIDE between 15900 - 16170...
Swing buy REC DMI Crossover and EMA golden crossover together make the buy signal in this set up. Today's bullish candle with higher volume support provides the confirmation we need. Next session, the trigger to buy is above today's high. Will update levels when its triggered
Prince is above 20 EMA and making a cup n handle pattern and selling volume decreasing...
Manglore chemical is above 50 moving average on 30 min time frame is ready for bullish.. Target -115 Stop loss -100
Price Performance 1 Week -3.85% 1 Month -0.62% 3 Months 1.37% YTD 26.53% 1 Year 25.29% 3 Years -27.32%
Stock as retraced to its Breakout zone and also is at 38.2& fib level from its last. Buy trade with SL 975. Target 1200