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.