Positional trading idea for the bulls: Bullish Cypher formation in Idea:
BUY IDEA CELLULAR FOR 10% RETURNS: STOP LOSS FOR THE POSITION IS BELOW 80 CLOSING BASIS:
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SWING TRADE FOR FEB SERIES 2018 :BUY ADANI PORTS FOR 5% RETURNS
Adani Ports is looking favorable for buying as the stock price is moving in the long term rising channel making higher tops and bottoms on daily charts. Also 200 day SMA and EMA providing good support at around 390 levels with a long bullish candle stick. Indicators like RSI also in oversold level which shows
Read MoreAuropharma Forms a Head and Shoulder Pattern . Selling opportunity for bears:
A falling head and shoulder pattern is a much reliable pattern as it occurs in a prevailing falling trend. Here is the list of technical factors which reflects the bearish move is underway: On weekly charts , the stock price has formed a Double Top reversal pattern which breaks below 660 levels . On daily
Read MoreSELLING OPPORTUNITY FOR BEARS IN TATASTEEL.SELL FOR 6-8 % RETURN IN 10-15 DAYS.
Tatasteel has been an out performer during the 2017 market rallies and realistically beat the expectations in terms of a bull move. But in today’s session as the markets gap up and then drags down after 2pm , metals , psu banks and pharma were the leaders in dragging the sensex. So on behalf of
Read MoreA Strategy Ahead Key Results Of Reliance Industries. An Iron Butterfly.
After reading the technical s of Reliance Industries I came to following conclusions of which the list is mentioned below: 1. Deliverable quantity in the equity markets for the last week or so is quite impressive which is above 50% on an average basis , which reflects the trend becoming stronger for more upside
Read MoreNIFTY FUTURES AGAIN FORMED A HEAD AND SHOULDER PATTERN IN AN UPTREND
A head and shoulder pattern in the prevailing uptrend always resembles a good potential for the upward movement. Nifty futures also broke its neckline above 10580 levels so any declines should be used for accumulation and we are expecting a minimum of 10830 levels on the higher sides. Stop loss for the position will be
Read MoreBUY INFOSYS FOR 12% RETURNS: BULLISH CYPPHER FORMAATION ON MONTHLY CHARTS.
A bullish cypher is a harmonic pattern which need to observed only in the prevailing trend to be continued in the future. Infosys has formed a bullish cypher pattern visible on monthly time frames also which too provides more significance on the price. A long term trend line also holding the prices at the bottom
Read MoreSELL BPCL SL 520 TARGET 468.SHORT TERM POSITIONAL TRADE
BPCL showing a selling opportunity as the prices confirming a downside. Technical factors confirming the downside are as follows: Break down of a trend line on weekly charts. Candle stick analysis pattern on weekly charts indicating a sell signal as the prices are closing below previous weeks closing of 515. Length of the stick also
Read MoreBUY BANKNIFTY WITH STOP LOSS 24800 TARGET 25800.ELLIOT WAVE NO.5.
Buy Bank Nifty as its holding 24800 level which is the top of first wave and now according to Elliot Wave rule that it will not break the top of the first wave. Also the trend line providing a good support. Indicators short term and long term showing buy signals.
Read MoreBUY JUST DIAL TARGET 550 SL BELOW 490. BUMP AND RUN REVERSAL PATTERN.
A bullish bump and run reversal is a typical shape of a sliding pan and then the price forms a round and gives a breakout above the sliding resistance trend line with volumes spurting in the direction of the trend. Just Dial too has formed a similar pattern on hourly charts although the stock has
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