Hey Guys, As you can see from the chart we have a completed bearish cypher formation and price is staying above our usual entry level in Axisbank . We can take this trade now also, bcos it gives us the advantage of reduced risk reward, so even incase of loss we will be losing lesser compared to what we lose if we enter @ Usual entry level. Moreover, you can...
Nifty should fall completing final wave for correction. However, it can give the fall from 8295 (Flat pattern) or higher (Expanded Flat) till 8050-8005 (50% retracement of impulse). Then we should get an impulse up.
Nifty seems to have completed an a-b-c correction. So it should make a final upmove before the fall. The Flat possibility seems more likely.
Nifty today completed the B wave of a zigzag correction. I'm expecting to give a C=A followed by the final up move to 8460-8510 (the target is the upward moving trendline in the daily chart). Meanwhile BankNifty is forming a flat corrective pattern.
Edit : Sorry about Line spacing, Don't know why there is too much space, checking with admins. This pattern brings up numerous questions about Nifty. Will Nifty raise till 8279 ? Will it break the wedge & move-up on breakout ? Will it retest upper trendline and return to retest lower wedge trendline ? For all these question its not right time to answer, only...
I have observed three doji candlesticks, that denotes consolidation or distribution, where previous buyers book profit or distribute their shares. It is at the level of selling or resistance. I believe it is a good time to short it now at minimum risk size and also at this point where Nifty is also looking bearish. Further 3 points noted: 1. Doji formation with...
BANKNIFTY has multiple key resistance. LT and MT Fib ratio converge with Fib Time cycle. Then 18000 in itself is a prv year Oct top . Stop above 18200. Target open for now
$GRASIM potential long term TOP as major channel resis reached with parabolic rally of 45% similar to past 2 instances in 2013 and 2014
Greetings traders & readers, This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups. To learn more about the Premium trade setup (PTS). click the link below, www.mytradingcourses.com Now lets deal with the analysis in weekly time frame and just understand what is happening over there. We have already...
Nifty need to consolidate between 8000 to 8500 before trending up either in first week Oct 2016 or in mid Dec 2016. For all this Nifty should protect 7500. I believe it would be successful in defending 7500
My Nifty views back in September 2015 come broadly true. However I could not benefit out of it. Please suggest how to get benefit if I know / speculate this much correct.
Now Jet Airways has shown positive movement to upside by confirming higher lows with bullish divergence. Next resistance is at 600 levels where is our first target.
Negative RSI MACD divergence Short ultracemco with stop above trend line
Hey Guys, Having cheerful Sunday ? Lets do some analysis on LT ? Don't get confused why chart is loaded with Fib levels, for better understanding and explanation purposes I have marked numbers for Fibs. Those who followed Me for sometime will be clear the principal I use - " Gaps will be always Filled " I kept this LT in My radar from the day it gave huge gap up...
As per analysis, it seems that there will be a breakout to the wave 3 as previously the charts shown a higher low. If it breaks through the level of 74, then we might see a big rally moving up to the levels of 80-100. It is a good time to get in with minimum risk.
We are in strong up trend, Todays close was in the supply zone, which can give us nice trade setup. We may experience the sideways move in the market , in such move trading setup and following the same will play key role. Aroud 11th Jul 2016 and 22nd Jul 2016 we may see the short term trend changes. Levels for the trade are mentioned on the chart.
Weekly close above 8271 crucial for further upmove.
DUE TO GLOBAL MARKET CORRECTIVE UPSIDE, OUR MARKET ALSO RESPOND TO THAT. AS I SAID LAST WEEK NIFTY FELL TO 7835, I AM STILL EXPECTING THAT LEVEL TO COMPLETE THE WAVE STRUCTURE. WAIT FOR THOSE LEVELS AND ENTER LONG. NOW I AM ENTERED PUT OPTION @ 8000 FOR NEXT TWO WEEKS.