short bel around 187 -188 with a stop loss of 190 on daily close basis. use trailing stoploss
with a stoploss at 80 on daily closing basis a long can be initiated for target 92
seems usoil might touch 68 and 66 if it break 72.25 on daily closing basis.
stock is trading in a channel and it now at lower base, can be bought with a minimum risk and maximum gain . watch this stock
us oil short with a stop loss of 76.2 around 75.75 and use trailing stoploss instead of covering it.
everything is in the chart. in the past it has rallied after the buying exhaustion in nifty. seems this time it might play similar. Still doubt is there as a bearish gartley in weekly view is also forming, but even if in that case c leg has the target of 230. So, a 10 % target with 3% stoploss will be a good strategy from a buyers point of view.
we can see multiple resistance trendlines have now reached where a strong support is expected. so a stoploss of 2053 in daily chart for safe buyers and target 2200 can be initiated. for smart buyers a close below the dotted trendline should be the stoploss.
buy with a stoploss of 226 , close on daily chart and target is 237, and 244 with 1:1 and 1:2 risk reward ratio
150 is the 10 week sma and multi year support/resistance and 144 is 20 sma. both of these levels will be a buying level. so strategy should be buy the dips although a bearish gartley has formed. view to be changed below 150 for 144.
seems one more week waiting might decide which direction will it follow. this is a good example of price action has reached an indecisive level where both buyers and sellers are confused.
as we can see nifty is taking support multiple times at the yellow line, even friday selling pressure could not breach the support. major points will be 15738.20 as immediate resistance and 15857.79 will be a crucial hurdle above which bull run to continue this coming week. immediate support is at 15637.19 and 15503.35 , the later which should be a buying point...