Reliance Infra is out of down trend channel on weekly charts also. till the time its closing inside newly formed uptrend channel. Price May keep moving UP. Levels to be watched are all Fib levels on chart.
It will be too brave to predict stock like LT and that also for next few years but according to my analysis of charts. Price will change long term trend from May/June 2016. This is just analysis not investment suggestion or advice.
Price moving in supply area and if momentum changes at this place then we may get nice short trade. If price closes above supply area then long trade is more lucrative :-)
Green marked areas with price tag are the areas where nifty may show some up move.
Short trade can be taken at current levels. Target and stops mentioned on the chart.
Share is in side ways move. can be traded in the range. can't be considered for mid term or long term till the time it is in the range.
Marked green areas are good buying levels for Tata steel. One who want to buy and hold this share for long term can keep on buying if price found around these levels.
Check out green and red levels for google's possible support or resistance levels. Candle Stick indication or momentum change indication will give a possibility for trading.
In a supply area. can be shorted for given targets and stops.
EURUSD at down trend channels lower line. expected support area is around. So one can trade long from this area for shorter target.
Close above 2113 will give opportunity to long and if momentum change is visible at this level then it will give opportunity to short. 1st support coming around 2070 according to Gann square.
Nice setup for shorting as relinfra is ar area where some supply is expected. Levels for trade mentioned on chart.
levels mentioned for trades.
Price moved out of the up trend channel and currently in the area where buying can take place. Possible trades are marked on the chart. Trade in the direction of the price momentum.
Bank Nifty uptrend is running out of strength, we can expect volatile move ahead and resulting in down move in coming days or weeks. Trading on short is safe at this levels. I have mentioned levels at which one can take short keeping stops and targets as mentioned in chart.
check the levels for short. opportunity to short, yahoo is in down trend and rally will give us chance to short.
Keep the stop loss of current supply areas's top. Target will be zone below current supply area marked in red. Tread only if momentum shifts. If closes above yesterdays top then once can long keeping target next red area.
ICICIBank is at 61%of previous fall and at falling resistance line, one may take this risk and trade.