Today Nifty has taken support of its 50 EMA / SMA on a daily candle and above the 61.8 Fibonacci retracement levels which is considered a golden ratio and a hammer like candle. Indicating strong bullish momentum, atleast till October 14 or 18 is what i am considering. we need atleast 2 more daily candles to confirm the movement is on the positive side. hoping...
Nifty is squeezing look for breakouts .. its a triangular squeeze , my view is bullish but waiting for a candle confirmation. look for a bullish one on 15 minutes time frame.
Asian Paints Head and Shoulders pattern. wait for complete formation.. 3155 is a good support candle closing below 3140 is good for a sell
Ashok Leyland now in uptrend confirmed by a downtrend indecision DOJI on 14th september but has to cross 187 look for resistance trendline
Apollo Hospital , Sell below 5060 Buy Above 5200 Rejection from major trend line but observe a support trend line look for support or break near the support trendline
Ambuja Cements in a downtrend after hitting resistance zone around 470-475
ACC LTD in consolidation , and looking for a support, follow trend line and let the range break for better decisions.
Reliance approaching a resistance zone , look for rejection or break outs near the level . big wick means big sell offs and big candle means big buy ins .. note this.
M_M forming a squeeze triangle and inverted flag and pole.. Look for breakouts or Breakdowns.
Nifty 1 Hour Doji Candle , can dip from here bullish above 19800
FakeOut near Resistance on 5 Mins, Usually it looks like a Big trap but If resistance breaks then expect good movement.
Nifty Bullish - Unless day low break with big candle. dont overtrade on expiries expecially between 11:30 AM - 1:30 PM and post 2:15 stay only ITM
AartiInd in a triangular squeeze follow the pattern for buy or sell or look for break outs or breakdown. Next Resistance 566, minor trendline is the support
Tata Steel has broken major resistance and failed a major trend line Bullish Above129 and bearish if one more trend line rejection, Support if you like the idea..
Maruti has bounced from its major support 9300 Bullish above 10100. 9800 is a Good support zone consider buying there SL if candle closing below 9760
Nifty is bearish for todays expiry , short near 19320
LT Moving in a channel look for opportunity at peaks ( Top or Bottom ) Unless there is breakout or breakdown .
TCS Triangle Formation. Look for Long or Short Breakouts.