NSE:CANTABIL may be destined for a short term downtrend. Lower RSI levels would act as a fuel if more red candles are formed in couple of days.
JK Cement has given a breakout from a classic triangle pattern after a brief consolidation. Looks set to test previous high of 731 and make new highs if it manages to breakout from that level. However better volumes would have this chart more compelling, nevertheless worth watching for action on 01-Aug
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch...
Classic Long breakout of a range with confirmation and good volumes. Can go long with stop loss of 175.
As per our previous post NIFTY reached our resistance level of 8650 level. From this point we can expect consolidated upside for next 45 days. For august Month Downside we can expect 8400 and upside also limited 8750.
Stock forming new low, supported by low RSI and BB lower band.
Patel Engg may fall further from current levels. RSI and BB confirm the ongoing downtrend.
Highly favourable trade. Found support 2nd time at 200DMA and inside bar indicates trend reversal for the stock. Falling crude prices also bolsters the view. It is a text book example of triangle formation and should breakout on the upside.
NSE:BANKNIFTY Bank nifty is facing strong resistance at the midline of long term channel. Also, most private banks are close to completing their long term tops. Read here:https://www.tradingview.com/chart/HDFCBANK/IozqHcfE-HDFC-Bank-Approaching-Long-term-top/ We might see some retracement towards 18900 levels early next week, which should be a good level for...
Idea is to share nice trading system. All you need to do is following 1. You dont go after the trade, let trade come to you. Our job is to wait for opportunity (how its done? answer is by following trading system). 2. Draw market structure on 15 mn. chart (you can take any time frame after backtesting) 3. Whenever market closes above previous swing high we...
RELIANCE CAPITAL BREAKOUT EXPECTED TOMO ABV 422 WHAT PATTERN IS THIS COMMENT
Pfc has broken out of it's trading range with huge volumes and continued buying interest. Similar story with REC
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.
Market CRASH CRASH CRASH but Elliotticians thinks another good prediction. Wave principle proves and always wins. As i mention last post there possibility NIFTY fall to 8035 level and in comment update there is possibility 7965 level. Next week we can expect further downside upto 7860 level. Still upside targets are intact 8445 and 8666. This time i ll give...
Market Bytes 24-Jun-2016 Nifty futures: Looks like we are in for some serious volatile sessions as Britain's first referrendum in 40 years is almost out.India impact on macros for this event is less as only 0.5% of the exports are impacted. But in the near time markets always work on sentiments than fair pricing. Markets are likely to gapdown and open below our...
As per our last post market reversal from 8235 to 8035 level, Still market holding on reversal zone. We can enter short upto thursday. On Thursday BREXIT also impact our market little bit to send the market sideways to Downside. But in medium term still market in upside 8420 and 8650 level are intact. Enter Long DATE : 23/06/2016 - Time 13:50 - ...