NeeteshJain

NeeteshJain

The price action is been trading in a leading diagonal pattern which is now indicating weakness as higher prices rejected by sellers and sellers are now in dominance. I would suggest to short this one on every rise. Target 1: 850 Target 2: 825 Stoploss: 940 Trade with care, thanks for your support.

NeeteshJain

It is been observed that the price action covering up the previous gap down and now looking weak at previous support which is now acting as resistance. It is good to short it now with stoploss at 8900

NeeteshJain

The price action filled up the previous gap and now showing weakness at that point. It wise to take short positions and cover longs. Target:19415 Stoploss: 20350 Trade with care, I appreciate your support. Regards

NeeteshJain

This is my first educational posting series on "Channels". In this educational series, I would cover five important points while dealing with channels, as given below: 1. How to identify trend with channels? 2. What is the right way to draw channels? 3. How to use Channels to find trades? 4. How to validate channel trades and manage risk? 5. Multi-time...

NeeteshJain

The price action in this currency pair indicates strengthening of U.S. Dollar against Australian dollar. It shall reach to the fibs levels of 61.8 in duration of 3-4 days.

NeeteshJain

The price action breaks out from the rectangular consolidation indicates weakness. Sh

NeeteshJain

On weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend or...

NeeteshJain

On hourly chart, it is been observed that the price action forms bearish Pin-Bar pattern that indicates rejection of higher prices and weakness. It also states that there is high selling pressure from sellers that shall take the price down. It is also important to note that there is a GAP on hourly chart that shall be filled during the weakness. Therefore, it will...

NeeteshJain

The price action is consolidating after a trendline breakout on a weekly chart that indicates overall bullish sentiments. Bulls are charging up to take prices higher to around 95-100 levels. It is a good investment opportunity at current levels Target 95 Stoploss : 75 Risk Reward: 1:4

NeeteshJain

On hourly chart, the price action breaks out from a consolidation that shall move prices to next resistance level of 865 levels. Target 865 Stoploss: 830

NeeteshJain

The price action that was trading in a downward trendline has now finally breaks out from the downward trending line, indicating high buying pressure and bullishness. Target: 197-200 Stoploss: 175

NeeteshJain

Infosys 1.04% forming a Symmetrical Triangle on hourly chart. The price action shall breakout from the triangle by tomorrow. Keep a good eye on it to gain out early opportunity out of it.

NeeteshJain

There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP. Target: 3280 Stoploss: 3070

NeeteshJain

On weekly chart, I observed that the price action is forming a descending triangle, which is a continuation pattern. It is a good time to put this one in our watch list and wait for couple of weeks to see a breakout from this with a high volume .

NeeteshJain

After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up. As per Elliott Waves , there is completion of Regular...

NeeteshJain

The price action broke out from triangle and followed up with big green candlesticks indicated strong buying pressure. At current prices, the price action may move down to 406 levels again as profit booking can be seen and from 406 levels new buying pressure will be asserted in price action to move upto 430 levels or to previous resistance. Target: 432 Stoploss: 390

NeeteshJain

As per Elliott Wave Theory, Gold chart indicates a completion of a Flat ABC Correction that signals a new wave to upside. This is a good time to invest or take a swing trade position in this before the festive season begins in India where we generally see rise in the Gold 0.73% market. Take positions with stoploss at 87200 Target 1: 90000 then Target 92400.

NeeteshJain

After a consolidating for a while in a rectangular range, Today the price action breaks above the previous highs or resistance and now expect to make a fresh high close. It indicates strength from buyers side and confirmation of upward move.