PowerTrades

PowerTrades

ES has been oscillating within the range, a close below the trendline will lead to a potenatial downside move

PowerTrades Updated 

USOIL has multiple lows near 67.80, plus this is a good volume accumulation zone. This level can be used as a good stop for a potential test of 71 zones

PowerTrades Updated 

Crude breaking out of a congestion zone , poised for a test of 67 zones

PowerTrades

USOIL, crude faced aggressive price rejections and has seen lot of accumulation around the current price zones. Looks set for a potential upside move to test higher levels.

PowerTrades

BTCUSD has mulitple lows near 5800-6000 zones, this has also sen good volumes, is a potential long set up here with minmum targets of 7200 and 7500 range

PowerTrades Updated 

potential rejection zone and short set up idea

PowerTrades

This stock looks to be bracing up for an upmove to give a decent Risk Reward Trade, following are the favorable conditions: Technically: 1. multiple tested lows near 98-96 range but failed to break below 2. Have just moved above the most traded zone and should hold these levels if the hypothesis is true Other reasons: 1. Fundamentally a good stock with good growth...

PowerTrades

#BNF: Last week scenario II was to trade breakout above 27150 zone to test 27500 range, it went there and higher than that as well, testing yearly highs and beyond it. Now here are the potential trade scenarios to trade the coming week: Prices manage to respect 27570 zones and we continue to move higher to test 27900 levels- which is a retracement of last weeks...

PowerTrades

The stock is breaking breaking out of a downward channel and has a potential to run upto 142- 154 range. if this sustains

PowerTrades Updated 

HDFCBANK has single handedly held on banknifty so far in its run up, here is a sitaution where it marked a higher high and moved back within the range, provides a low risk contrarian trade opportunity. can go quite ugly otherwise knowing what's its doing, still worth the try :) turnaround if it happens in this, could also be a leading indicator on things to come...

PowerTrades Updated 

Jumping on to the shorting bandowagon, the recent pullback to 69.2 zones there is a pivot low there and near volume heavy zones.

PowerTrades

#bnf #banknifty has very active sellers at the marked band. this week marked a higher high n nw tested below prev week most traded zone. A move below 26780 can lead to a test of 26730 and 26600 range

PowerTrades

Here is a positional trade opportunity in Reliance, which can potentially give a 2R/3R return. Long trade set up in pullbacks to 1045-1055 range with SL below 1000 range, target can be 1090 and 1140 levels

PowerTrades Updated 

banknifty support band remains now at 26840-26890 zones, trading above that a pullback opportunity remains open. the challenges to this are: 1. Too sharp a trendline that will become difficult to defend for momentum play 2. Trading below the previous highs of 27060. it remains in no man land.

PowerTrades Updated 

#CL_F has couple of lows here and also has a vpoc just below todays low, that can be used as a SL(73), for a low risk pull back trade to test 73.8, 74 levels and a pullback to upper range of value area in coming sesions.

PowerTrades Updated 

#ES_F has a low risk pullback trade opportunity here. 2745-50 are long term resistances and also upper extensions of long term composites. this has a likelihood to test 2720- 2705 on the downside.

PowerTrades

Here is a view of the NIFTY weekly charts, this shows how restricted the range has become for NIFTY over the past few weeks. There are two ideal retracement zones to look out for 10890 on the upside and 10570 on the downside. Until these ranges are cleared its best to trade for a pullback to the value areas which is in the 10740-10780 band ( in the futures). there...

PowerTrades

NIFTY continues to trade within a range with the swing highs near 10950 range. current pullback is a low risk short opportunity to to check for a pullback to the lower range levels. ere is a low risk short side options trade idea in NIFTY. For those have a bearish/flat view and want to gain time benefit as well. SELL NIFTY 1800CE JULY + BUY NIFTY 10800 CE AUG=...