Pattern, Price and Time: Using Gann Theory in Technical Analysis
Nifty Trading System as i have discussed few months earlier generated a sell signal @6090 and still now in Sell Mode.Last time it generated a buy signal was 5473 and trade made a high of 6284,but i do not think that anyone had so till high levels and with this trading system we need to … Read more Nifty Technical View for Week 1-5 Nov
KS OILS KS Oils is on a bull run from a low of Rs 48 to a break of 60 today.Today stock came near its 200 DMA and was unable to cross it.I have given call on this counter around 54 levels. Now if it is able to cross 200 DMA @60 with volumes and … Read more Technical Calls:KS Oils,BF Utility and Core Project
Nifty Weekly Chart Nifty Weekly Chart we can see A-B-C Correction happening.Well this scenario is in progress and C wave can further be subdivided into 5 sub waves and as per correction from past 3 weeks we can assume 4 wave is done and we are into 5 wave from the coming week. Nifty will … Read more Nifty Views in Expiry Week
Reliance Industries The poster Boy of Indian Stock Market Looks like waling up from a slumber sleep and ready to roar above 1095 Levels.Yesterday RIL showed upmove with volumes after long time and it is tad away from its breakout levels of 1095. As seen from the chart above 1095 is converging trendline and if … Read more Technical Analysis :Reliance,Larsen and Omaxe
INDIAN VIX– Volatility Index VIX Denotes the fear in the market ,fear of downfall. Nifty cracked from past 5 trading sessions after reaching a tad below it life time high. VIX is updated on EOD Basis @http://livevixchart.blogspot.com/ I have attached the Daily Charts of VIX chart. As seen from the chart VIX is touching the … Read more Nifty,Bank Nifty and Indian VIX Technical View
ICICI BANK ICICI bank is trading in a broad trading range as shown on charts if one draws medium term trend lines as shown in charts, 1090 is good entery point for long trades as seen in the low of today and stock bounced sharply. RSI is showing positive divergence adding fuel to our bullish … Read more Technical Trades:ICICI Bank and JBF industries
Nifty Hourly Charts: As seen from Nifty hourly charts we are in for a bounce back which can last till 6145 levels. As most of indicators are oversold in hourly time frame we can except a decent bounce. Nifty Daily Charts As seen from Nifty Daily charts we are near 20 SMA from where we … Read more Nifty Technical Analysis
BHEL BHEL has pulled back sharply near 2550: breakout point. Another Example of Resistance becoming support in a Bull market. Stock took support at 2550 where it made a breakout Buy above 2576 Tgt 2605,2627 and 2666 ELECON ENG ELECON gave a good breakout yesterday with volumes above 99.5 which had been elusive for almost … Read more Technical Analysis:BHEL,Hindalco Industries,Elecon Engineering and Orchid Chemicals
Jet Airways Ascending Triangle formation in Jet Airways Taking support at Lower trendline and Facing resistance at upper trendline.Breakout of the above mentioned trendline can propel the stock to higher levels Buy above 848 Tgt 861 and 874 KS Oils KS oils is an excellent example of Support becoming resistance and resistance becoming support. As … Read more Technical Calls:Jet Airways and KS Oils