Nifty- Daily Chart!#NIFTY trading at important support level and formed Doji pattern if Nifty Break 11,638 level and able to hold we can see some bullish move and if Nifty Break 11,500 level and close below we can see some bearish move in Nifty.
BSE
HINDUSTAN UNILEVER - RESTING ON SUPPORTHUL
CMP 1684
Stop 1600
Long suggested at around 1690 plus.
Logic:
Stock resting on long term upward trend line.
Stock resting on 40 wks ema (200 day ema) with tight price action.
Appearing to be a good setup with a favourable risk reward with a possible target of 1875 plus.
NIITTECH - VCP BULLISH PATTERN#NIITTECH
cmp 1322
Long suggested ONLY above 1350
Positional Stop 1275.
Intraday stop - Days low.
Logic - Passes bullish trend template + Contraction in price/volatility/volume.
daawatconcentrating on lower time frame for now.
will add to on a confirmation of change in the trend.
HDFC Bank Possible long opportunityTaking Support on Weekly and Daily trendline. With the possible target of 2100.
Creating a descending triangleIf the descending triangle breaks to the down.
Target 1 is 0.5 fib level.
It can go to 0.618 level with a wick.
The long term trendline can act as a support.
Nifty Demand and supply zone for Nov. 2018 and Dec 2018
Sharing the Idea after long time, was busy with some personal work.
In today's idea i am sharing two charts, Nifty daily and weekly chart. Have marked Demand and supply zones on chart.
Every demand zone may provide the long opportunity and supply zone will give shorting opportunity.
Once price closes above or below demand/supply zone they change the role(Check the demand supply zone concepts on internet if you dont know them).
For near Future the up move can be expected as we are trading in demand zone, if price closes below the current zone then demand zone below the price will become target. There are many support and resistances which i haven't marked, please identify them and mark them on your chart along with demand and supply zones shared in this idea.
For entry and exit use my Vstop indicator script, have shared link for the same in this idea.
Following will be imp dates in future, we can expect price reversal on these dates.
30/10/2018
13/11/2018
27/11/2018
10/12/2018
24/12/2018
This idea is not investment advice, dont risk your money on the basis of this idea.
