The crucial SnR's are marked on the chart... As per my analysis and the way price has reacted recently... I feel there's a certain uneasiness in RIL stock which if supported by the Nifty, would definitely come crashing down to the 2450 or even 2400 levels... These are just my analysis and not recommendations... Cos if i am not getting a penny from your profits...
a little bit less technical analysis and a bit more introspection of self what is going on in your mind trading is a probabilities game if you think you can predict the market because the last couple of trade was a winner than you're wrong because the market is unpredictable no matter how good of a technical analyst you are there is always something unique...
Philips has given a breakout from a range of close to 200 with decent volumes. So should you buy the breakout ? I would wait for it to break out of the upward sloping channel. If one looks at the last breakout, it did enter a long consolidation as it failed to break that channel. In stock market there is a saying, "History repeats itself" . Will Philips carbon...
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch...
Market CRASH CRASH CRASH but Elliotticians thinks another good prediction. Wave principle proves and always wins. As i mention last post there possibility NIFTY fall to 8035 level and in comment update there is possibility 7965 level. Next week we can expect further downside upto 7860 level. Still upside targets are intact 8445 and 8666. This time i ll give...
As per my last post Nifty get Support from 8080 level and went upside but pattern not give view on further upside. I am going to review the wave count and come to the new support at 8035. If coming days Nifty fell to 8035 we can expect lot of buying on this level. The upside should be limited for this month as 8311 and trend will continue on next month also. Wave...
Its very rare to squeeze out very good risk reward ratio's while trading with cyphers. Even sometimes we may have faced situations like inverted risk:reward in cyphers. But we have rare chance, where the bearish cypher on NIFTY 50 offering risk reward 1:3(approx.). Cyphers D leg in Nifty is now on par with X. As all conditions of cypher is still valid its good...