Nikunj_Bangad

Nikunj_Bangad

WATCH LEVELS. TRADE WITH KNOWLEDGE FOR PROFITS

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Take your decisions accordingly. Break out or Break down possible on 30th June.

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The triangle pattern is drawn on the chart. Take decisions accordingly.

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Trade only when you understand the concepts.

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Only trade when you understand the concepts. Also note, Negative divergence on 5 mins chart on MACD. Negative divergence on 15 mins chart on RSI. Negative divergence on 1 hour chart on RSI. Shooting star on 1 hour chart.

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From the daily chart of M&M FIN, we can confirm the uptrend and RSI confirmation to buy has been crossed. Wait for the stock to cross the trend line, as shown in the photo, after crossing it, buy the stock with the target of next resistance line. Keep an eye on it.

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From the chart of M&M, we can clearly see the negative divergence on RSI. This indicates a short position. Therefore, we can short the stock when M&M crosses the resistance line and moves down.

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From the daily chart of SBIN, the RSI indicator was showing positive divergence, and it has crossed the confirmation call for buying the stock. Even, the SBIN trend line has broken for the buying call. Also, Heikin ashi charts gave indication for going long and Triple moving averages are also giving the same indication.

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From the hourly chart of Gail India, we can see on the RSI indicator that it is showing negative divergence. I have drawn trend lines on the price chart so take your buying/shorting decision accordingly. Buy above above trend line confirmation (Let RSI trend peak line be broken) Short below below trend line confirmation

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From the chart of HDFC AMC, we can confirm that it is showing multiple negative divergence, which is a sign of stock may slide down in near future. Wait for the confirmation, when the HDFC AMC breaks the below trend line. Always go for 1:1 Risk reward ratio for first target.

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From the hourly chart of Nifty 50, we can clearly see it is making double top pattern, which is a indication of trend reversal. Also, RSI is showing negative divergence which implies that the Nifty can slide down. Nifty is at strong resistance level. We have to keep checking how it behaves on Monday, and with the confirmation of trend reversal we can short for...

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From the 15 minute chart of Bajaj finance, we can see RSI is giving positive divergence, and it has confirmed the buying. Second, Trend line for buying is also breaking, which can be confirmed from next candle. Third, the 5 moving average is also crossing the 10 moving average, which also shows indication to buy. Fourth, Hieken Ashi charts has also showed...

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From the 15 minutes chart of Bank Nifty, we can see bank nifty may make a Head and Shoulders pattern, which is a trend reversal pattern. You can short bank nifty, after the confirmation of Head and Shoulders. Shorting can be around 20350, keep stop loss of 300-400 pts. I suggest you for 1:1 risk reward ratio, but it is your strategy.

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INOX has confirmed its negative divergence shorting, when RSI Breaks the line on RSI Charts. Now, just look when INOX will break the confirmation trend line, and from there you can short its shares. Also, the Moving averages are converging, which shows another indication for short.

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Idea is giving us multiple negative divergence, and surely it will go down. Once IDEA breaks the confirmation trend line, you can short your shares for good profits. Keep watching IDEA for next few hours, or days.

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From the charts of axis bank we can concluded, the 5-MA average has crossed the 20-MA, and this is an indication of shorting. Provided the RSI Level is below 50, so we can short the shares, and can gain few profit points.

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From the charts of ICICI Bank, we can see the 5-MA is going to cross 20-MA, if this happens then we can short the shares of ICICI Bank for good few points profits, provided the RSI level should be below 50.

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From the hourly chart of Tata Motors, we can confirm the RSI is showing Negative divergence with respect to the price chart. Also, Tata motors has shown small double top pattern, which confirms shorting. When Tata Motors break the trend line shown in the image, we can short our shares, and put a stop loss of previous high. Tata Motors is also showing Shorting on...