Somanathrout

Somanathrout

short for target 716 below 740 , but since monthly kijunsen is at that point, a heavy buying can be seen. with a minimum stop of 20 points a buying can be initiated with a trailing stoploss as a fresh rally is expected from there . yearly pivot 745.77 halfyearly support1 .. 726.97, hidden monthly kijunsen is at 716, to trigger stoploss might this stock can reach...

Somanathrout

this is a good example of rising channel and price action on history based trendlines.

Somanathrout

it is facing resistance in this area and two bearish gartley has been formed , buying will come above 842 on daily closing, so setting a stoploss at there a short can be initiated with trailing stoploss with 1:2 risk reward ratio.

Somanathrout

short with a stop loss of 50 points, it is traveling with a speed of 223 points a month, so here a profitable trade set up can be initiated with 1:4 risk reward.

Somanathrout

stoploss 459,

Somanathrout

trade with own risk. analysis is purely technical according to chart pattern.

Somanathrout

everything is mentioned in the chart, price to decide on one hour candle close.

Somanathrout

despite a very nice rally in nifty banknifty has not performed as per expectations, right now its clear from the trendline that it is trading in a downtrend channel. until it gives a close on a daily chart above the trendline approach should be sell on rise, however 20 day ema is around 34800. there a buy can be initiated as stoploss would be less.

Somanathrout

as we can see nifty is showing a resistance at the upper trendline and taking support at the down trendline. This chart will help trading this expiry.

Somanathrout

everything is in the chart. buy call invalid below 152 candle close on a hourly chart.

Somanathrout

prz showing a bearish gartley , price can go further down. Trade cautiously.

Somanathrout

once give a close above or below resistance and support a good momentum possibly sideways move can be seen next week. right now view is positive although everything depends on opening on monday morning.

Somanathrout

ashokley is trading at crucial levels, given a close above 130 in a weekly chart, view must be positive but as we can see a bearish gartley is forming so we should watch it on the first hour of trading. if it shows a fresh buying , then keeping a stoploss of 129. 50 in hourly closing a fresh target must be 135.5. it must not breach 135.5 in a 4 hour candle close...

Somanathrout

this is a good example of rsi divergence and price action. If we can find in any underlying asset this kind of divergence, we can of course get a decent strategy with less psychological emotion.

Somanathrout

stoploss should be 204 for intraday , 197 for weekly and 182 for monthly investors. targets will be 211 for intraday, 219 for weekly and 243 for monthly investors. once this stock gives a close above 225 in a weekly chart, real momentum can be seen.

Somanathrout

this is a 4 hour candle chart and we can see a divergence in rsi as well price is at a long term resistance angle. with a minimum stop loss there can be a profitable setup. stop loss should be at 70.12 and target should be trailing stop loss at 1:2 ratio.

Somanathrout Updated 

expecting nifty to come down as nifty struggled at 9966 which was its daily pivot and the momentum exhausted before 10008 which was its weekly pivot. so, keeping a stop-loss of 10015 I will go short if nifty starts trading below 9950. And will go long if it starts trading above 10028 keeping a stop-loss at 10000 on candle close basis at least on a 15 min time frame.

Somanathrout

It can give a sharp upmove from there. The chart is on 4 hours time frame derived from monthly chart. All the lines will be very very important.