Watch signifies patience and so will this stock to reap. Wait for the re-trenchment to the POC level in green channel .
It's not easy for a strong momentum to break down. Stock upmove is emotional in psychology to the investors and positional traders. It is a pure distress if it fails to respect the hope and expectation. A failure of the Point 1 accumulation in BHARTIAIRTEL would pull back the stock to a downward spiral.
AURO Pharma is on marathon but a sprint marathon exhausts the athlete and the same happens to the stocks. AB=CD pattern would make the point D- a point of in flexion and fall all the way to POC level marked, from where again a buying opportunity can be tapped by the incumbent buyers and from the initiative buyer looking for a discounted entry .
Crudeoil is to be in range for some days . it is being in tight congestion zone for more than 2 weeks and recent make of lower high and higher low sends the signal of confusion in the market , thus a rangebound movement is expected. Further a Cup and handle kind of formation has taken place which can give upside breakout
USOIl is to be in range for some days . it is being in tight congestion zone for more than 2 weeks and recent make of lower high and higher low sends the signal of confusion in the market , thus a rangebound movement is expected. Further a Cup and handle kind of formation has taken place which can give upside breakout
Nifty is Bullish and we can do some Option writing on put side.
Its a happy short covering since last two days in the BN however a sense of confusion will evade only above the pink box (large). We will take Sell of Call options above this area aggresively and on Monday can witness retracement to test near term support level. Follow us on twitter and Tlgm
Coal India has been very bearish on Daily time frame and is not able to give price action movement of bullish nature. Thus a recent break of support line and testing its once it is now going to test it second time, though the prob. falls in the second time for retracement but still a price action confirmation can lead us for a short entry.
Bhartiairtel seems to be forming similar W pattern with heavy volume on the bullish side the stock is in range movement since many weeks on daily time frame and a near breakout from W pattern is imperitive. Watchout to mint it Follow us on twitter and t e l g m :
Well a lord will help when you set your theory practice right. In the above analysis the pink box was support cum resistance which seems to have become a weak resistance point and can be a point of breakout spurt. Do check the volume for confirmation with price action Follow us on twitter and te l e g r a m
Axis bank is to face near term weak resistance. It has tested the resistance multiple time and has continued to make higher lows. Now we just need to wait for the stock to exit the hiccup and give a breakout. Follow us on Twitter for more instant updates.
Nifty is expected to trade in Range with most of the indices stock at short term support level.
Axis bank is into consolidation and it seems that another pot hole is to be tasted by the stock.
NG seems to had a sip of our cup but threw it out with full force. A puke, not brewed coffee ?
Crudeoil is to test the weak resistance zone soon.
Bhartiairtel is near to its resistance line(blue) which it most like would break and can give upside spurt.
Coal india is poised to test the sell zone however it is also heading to test the cluster POC from where a stark selling pressure can arise. Good to sell PE options in the stock
Axis bank seems to be on good strong trajectory after it has recently filled up the downfall in lesser than the duration of the fall. The recovery not only showed the strength but also builds confidence that the stocks fails to move down even the big red candle with high volume. Stock was able to lift the price beyond it and now is trading in range bound fashion...