One can use green and red levels to short or long, expect apple to consolidate. Apple is not able to cross 50% retracement, if share continue to trade below 50% then we will move to 38% where one demand area is there. If starts trading above 50% then 61% is target where supply area is there. I will share the trade levels on this Idea as and when there is...
Nifty at supply area, one can go short keeping target 7800 and stop 8346, trade only when momentum indication changes.
S&P is going in to supply area. Red arrows i.e.1998,2077 are the areas need to be watched carefully. There is confluence of Imp. fib levels. One can use Red Box to go short or can use red zones to long once price closes above them. keeping stop other end of same Red Box.
Nifty closing above supply area on daily charts, 8225 to 8321 is another supply area. If it continues the upmove we can c nifty trading till 8500 levels only if it closes above the next supply area i.e. of 8225. Need to be watchful around 8225 area as it is 61% fib, of previous fall.
S&P 500 levels can be sued for long or short around red or green arrows. Use the Momentum indicators for confirmation.
Tata steel is near important support or demand area. 200 to 220 is the zone where one can buy tata steel partially, next level for buying is around 150 to 130 on down side or if it closes above 280 to 285 on up side. This is long term view given on weekly chart. without mentioning target or stop loss considering one wants to invest in this share looking at...
Be aware of downtrend channel and green and red zones where buying or selling may take place. 16200 to 15700 is a range where buying may take place and 17200 to 17677 is range where selling pressure will be there. Place your trade accordingly.
This is hourly chart of Apple, short in red long in green, tread only if indication of reversal.
S&P is at important point. Close below 1928 wont be healthy, Close above 1941 will open upside and first target will be around 1988. Important thing is there is support around 1916 and if it takes that support then we may move sideways.
Nifty is in down trend channel, With recent swing low we have completed 127% of Fib retracement, a good point for fresh up trend. But looking at channel and Fib levels its going to be difficult for nifty to cross 8200 and 8400. Green and Red marks are spots where nifty is expected to turn or break the channel. Be watchful around this time.
Any close below 7730 will open a big down side and on up side 8010,8130 ranges needs to be watched.
16279 on the upper side and 16000 on down side are important levels to be watched.