Breakout Expectations With Some Failed Attempts.!!!

As i mentioned in previous post that negative divergence is reflecting on Nifty chart, notwithstanding Nifty attempted to cross 5400 but could not cross. Nifty looking tired or waiting for some positive trigger if it does not happen then its bound to come down. Level 5400 playing as major resistance or breakout point if it cross it convincingly then 5600 is most likely on chart, while on downside 5300 acting as crucial support if broken then more downside ll happen. my personal view ll be to short Nifty at current levels.(See chart below).

 

In Next chart i posted my analysis on VIDEOIND, its most likely that it ll give breakout above 177 level,In past as well it attempted few times to cross and close above 177 but failed.However as per chart if you see indicators like MACD has given positive cross-over and growing VOLUME,rising RSI indicate & strengthen the probablity of a positive breakout.Buy it above 175  maintain stop loss of  170  on closing basis first target ll be 183 and second target ll be 188.Kindly trade as per chart.

 

 

 
NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.

To Bharti and Nifty.....With Love.!!!

Bharti Airtel posted not so good result this time that resulted in free fall of the stock.it fell around 13% in quick succession.However its a leading telecom provider and it cant bite the dust so easily.it has become oversold and showing positive divergence on its chart,we should initiate buy on  it but we should buy it on dips and in small quantities keeping a stop loss of 238 on closing basis with a target of  270-80 in short term.(refer below chart).

Nifty looking exhausted on chart and showing negative divergence if it does not cross convincingly 5400 then its bound to come down to 5100.we can trade nifty on selling it.

NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.

Market For Coming Week....Stock and Nifty.!!!

Nifty chart this time does not provide any clear direction about market movement even on chart one indicator shows some upside move may happen while other reflect negative.As FII buying & DII selling      so we can expect  some range-bound  movement until we get some concrete trigger.

In other chart attached here Welcorp is very much oversold & resting on support levels,i believe  if it holds

current levels then it can go 10-20% higher from here,so we can initiate buy on it with strict stop-loss. 

 

NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.