Technical Views:BHEL,HDFC Bank and JP Associate

JP Associate JP associate has been trading in a Parallel channel as shown in above chart and forming a formation of  Lower Highs which is a bearish indication Stock has taken support at 77.6 from past 2 days and breaks of this level will give a down move which can touch the downward channel. Sell … Read more Technical Views:BHEL,HDFC Bank and JP Associate

Technical View on:Nifty,SBI and HUL

Nifty Hourly Nifty kept on its momentum build on Friday and rose another 1 % today. On Hourly chart Resistances are @ 5565 and Mother of All Resistance 5610. Indicators should only be used for trade confirmation . As you can see in Hourly charts all indicators are in overbought zone and it does not … Read more Technical View on:Nifty,SBI and HUL

Nifty Expiry Week View

Nifty Hourly Nifty has broken its 5250-5330 range and What a move.Breakout moves takes everyone by surprise and when the whole world is bearish. The most part of trading is applying your trading discipline and  controlling your emotions.As a trader you should change your color as soon as  market changes the Color.   Market is … Read more Nifty Expiry Week View

Nifty Levels for 24 June

Nifty Hourly Nifty Hourly traded as we had discussed in Previous post taking support at lower end of 5255-5245 range and resistance around 5325-5330 levels. Classical Example of Support  5325 (Swing low before the fall) becoming Resistance Today’s  High 5330   Nifty Daily On Daily chart Fibo retracement from a High of 5609 to low … Read more Nifty Levels for 24 June

Nifty and SBI technical analysis

Nifty Hourly Nifty Did nothing today was just consolidating in a range and We formed one more Inside Day (Unable to break previous day High and Low) and range is getting smaller for a breakout either on break above 5325 and below 5249. From a short term perpesctive if 5196 taken out than we are … Read more Nifty and SBI technical analysis

Trading Concepts:GTL Limited,GTL Infra,RIL and TATA Motors

This Post is for knowledge purpose. GTL Infra Never take a trade based on oversold/overbought indicators. GTL Infra  has been oversold  on Daily charts but on oversold chart can go it more oversold levels. Till the pain is not over. It all depends on Demand and Supply so learn it a lesson never belive on … Read more Trading Concepts:GTL Limited,GTL Infra,RIL and TATA Motors

Nifty Weekly Technical for Week 20 June

Nifty Hourly Chart Nifty Hourly chart shows the last support where a Bounce can be expected is last swing low of 5325. Hourly Chart are still in selling channel as shown in above chart and a close above 5391 and 5440 are important resistance levels.   Nifty Daily Nifty Daily is again moving in a … Read more Nifty Weekly Technical for Week 20 June