Nifty Hourly Chart Has the Breakdown Happened ? Nifty hourly chart is shown below where i have marked the support areas. 5393 was one Support the most important support will come near 5365-70 range if this get broken and sustained we will see a momentum fall. Hourly Indicators are in Oversold zone and Rallies… Read More »
TATA MOTORS The 975-980 Band for TATA Motors is a good Long term support as shown in above chart. If its gets broken only visible support is @ 900 Levels. Stock has been forming lower lows and a close above 996 will negate that. Buy around 980 With a sl of 972 Tgt 989,996,1003 Sell… Read More »
Nifty Hourly Nifty gave a expected upmove yesterday as per hourly charts.5440 was a level of Support and we saw an expected upmove inspite of weak global cues. Trade on System not on your emotion/Intutuion Now For today Arrow Marks in Red should be intital point of Resistance @5521 move above that should take us… Read More »
Nifty Hourly Chart Nifty hourly gave a breakdown after 5 days of sideways move 😉 and gave a downmove till 5450 where we told the support lies in our previous post. IIP data gave a most awaited downmove for the Nifty.5450 and 5420 are again cluster of support present. As a Trader you need to… Read More »
Nifty has been doing nothing from past 5 trading sessions and many of my fellow traders are getting frustrated and irritated by the market moves.(including me )) We intiate Buy and see our profit going in a whip of seconds and hitting our Sl. We intitate Short it comes near our tgt and again get… Read More »
Nifty Hourly Chart Nifty Hourly chart is forming a converging triangle as shown in the below chart.Nifty Futures have been in a trading range from 5480-5570 from past 5 days.Lows have been rising. After Every Volatile Move Sideways move come and after Sideways move Volatility lies ahead. On Hourly Chart we have support 5480… Read More »
Bombay Dyeing Bombay dyeing has been respecting its upward and downward channel as shown in the chart. Break on above the trendline can add further rally to the stock. Mometum indicator are in overbought zone and Rise in stock is accompanied with expansion in volume which is healthy for stock Buy above 375 Tgt 379… Read More »
HDFC LTD HDFC is forming an ascending triangle with lower trendline support @ 659 Levels and Facing upper trendline support@685. HDFC has been in trading range and its going smaller as per ascending triangle formation. Indicators are showing strength but break of trading range is important for any explosive upmove either on downside or upside.… Read More »
BHEL BHEL has been looking weak on TA charts after its results and split news came.Stock was unable to cover the losses of result day and Slowly drifting down.BHEL has found good support around 1890 levels and have bounce twice from that. Indicators are oversold so if 1890 is held a bounce can be expected… Read More »