HUL has formed a nice Demand Zone on the daily time frame. Patiently waiting for price to pull back to this level
Sunpharma setting up for a nice short on the Daily Chart
Silver has created an important pattern on the chart. The conventional traders look at this as a double top pattern. As a demand and supply trader instead of entering the trade at the break of the support line we will enter the trade on a retracement higher. This area will hopefully induce more institutional selling
Bharti Airtel has been moving up strongly on all the higher time frames. On the Daily it has created a new Demand Zone. We expect price to pull to this level and continue to move to the upside
The Nifty index, currently in a strong uptrend on higher time frames, is potentially setting up a trap on the daily chart, which could deceive retail traders and investors. This pattern, often orchestrated by institutional investors, plays on the common behavior of novice traders who tend to make decisions based on trendline touches. In such scenarios, retail...
ABCapital is a nice uptrend on the higher time frames. Price has come close to a Daily DZ and turned quickly. We have to now wait and watch to see if another pullback takes place at the daily Demand Zone
LT has significantly corrected post election results. It is arriving strongly into a weekly DZ. Will the overall market support this weekly DZ or will it break?
Powergrid is about to retrace due to a potential corrective move. Waiting for a pullback to get an entry on this stock
Seems like majority of the stocks have corrected after the election results yesterday. This gives an opportunity to enter stocks at good levels. Looking at PFC for a retracement into a demand zone
Petronet has been setting up for a good entry on the 240 mins chart. The election results have forced the price to correct from higher levels. Would be nice to get a retracement into the demand zone for a good entry
SBIN chart is setting up for a nice corrective move post elections. This stock is still looking strong for a bigger move to the upside. Will be waiting patiently for the price to correct towards the given level of Demand
The election news and outcome have all the Adani group stocks correct more than 20% in a day. There is a possibility of this stock correcting further towards these demand levels.
Gold has been trending strongly on the higher time frames and seems like it still has a lot of room to move to the upside. We will wait patiently for the pullback on the 4hour chart demand zone that has been created. We should expect to see another leg to the upside on Gold.
The India VIX recently has a hit a Daily SZ. It has risen from nearly 10% odd levels to greater than 20%. This is not a normal situation for this index. However there are elections in India and there will be a lot of uncertainty in the markets causing the VIX to rise in value. The India VIX and the Nifty are inversely co-related to one another. So if the VIX...
We have to be a bit patient for an entry. The higher time frames are indicating a push to the upside. The daily SZ may trigger first bringing the price down to the weekly demand zone
Weekly Demand Zone setting up a nice "Bear Trap" SRF has been consolidation mode for days to weeks. The break below the trend line may trap retail traders
AU Bank has significantly corrected from the highs. Currently it is showing signs of accumulation and this is indicating that the price wants to move up. We have to wait patiently for the price to pull back to this daily demand zone for a potential long setup
Waiting for a nice pullback into the weekly demand zone that has an unfilled pro gap on the weekly time frame