iCharts Discussions

[Pats]

Nfty last cl *10584.
...After many bullish but range bound days , ydays candle was like spinning top with lower long tail pearsing below 5EMA *10552 , and the upper long tail shows supply coming abv 10600 lvl.

....Also sustained closing below *10598 , which is a resi near recent closing top , may attract bears to take dn Nfty towards 38% retrace at *10410.
... Below *10388 on CB , may further speed a dip towards 61% lvl at approx *10078 and 100% lvl comes near *9750.
...Thats why I said, if bulls loss momentum , a double bottom may be posible.

. ... On the other hand, if any dip towards *10400 fail to keep Nfty below *10388, then there is every posiblity of further rise towards *10698 plus can happen , which is 61% retrace of recent bottom of 9950 !
.
.. * For Education Purpose only* .

[AMBY]

Thanks for the levels.

[Pats]

..... ...... ...... ........ ....... @Amby , welcome bro !

BN curPrice 25040.
.
..Ydays candle was a bearish piersing type with long lower tail and a small solid body and it was formed after 5 bearish daily candles , implications of which may be bearish or range bound btw 21SMA *24800 and 10SMA *25135 for next 2 days.
.... Today till now around 11:40 AM , BN is resisted around *25135 on upper side.

.... But since todays volume bar is bullish till now , BN bulls are trying to push BN abv 25135 to 25165 zone towards *25233 ,
...*ELSE * failure to which may cause bears to step in and BN may slip towards 24800 to 24565 zone in coming days. ...

*For Education Purpose only * .

[Pats]

Gap Analysis :
..Nfty last cl *10614 is trading abv 5EMA *10470 and 20EMA *10390. Last 5 wkly candles including this wk are bullish till now .

...To be unbiased , first Nfty should fill upper gap around *10800 on wkly basis . But since the way market is moving up without any positive micros and macros with high crude , weak Indian currency , increased Bond Yields etc negatives ... an equal chance can be given to the gap around *10200.

..By the way , there are many gaps on dnside , right from 8200 onwards on wkly chart ...and not necessarily those shoul be filled !

..Till then stock specifics are much better which I am prefering currently .

[Pats]

BN curPr 24920
For my own trading only :
..*If* 25065 remains intact resi *then* '24790' on cards , *ELSE* 25130 again before expiry !

[Pats]

BN touched * 24780 , as per my expectation ... 110 pts difference from my refetence entry of *24920 ! Exactly as per intraday charts .

...About Nfty already said prvsly that :
*Also sustained closing below *10598 , which is a resi near recent closing top , may attract bears to take dn Nfty towards 38% retrace at *10410. *

Though Market looks still bullish , but today 20% bearishness is crept in the global and local lvl . .. Just an observation , need not necessarily be perfect !

[Pats]

Nfty posible Fibo lvls for next few days

...Upward bias
10596
10577
*10565
10558
10530

... Dnward bias :
10479
*10433
10410
10376
10317
... Extrem lvls *10678 and *10265.

BNfty posible Fibo lvls for next few days :

...For upward bias :
24965
*25290
25630
.
..For dnward bias :
*24640
24298
23970
... Extreme lvls : 25952 to 23640

... *For Education Purpose only*

[Pats]

On expected line , today BN got sup at 31SMA *24721 ( low was 24753 ) and resi at 10SMA *25086 ( high was 25064 ) and closed exactly near 7SMA *25011, as seen in the **attached chart.

...Large vol bar suggest bulls support , but it was partly due to Ybank positive results and partly an expiry game !

... Next resi is at 14SMA *25105 to 25200 zone and sup at 21SMA *24893 to 24600 zone.

*For Education Purpose Only *

[Pats]

Nfty closed at 10692.
...posted on 25Apr18...

**To be unbiased , first Nfty should fill upper gap around *10800 on wkly basis .
...** **On the other hand, if any dip towards *10400 fail to keep Nfty below *10388, then there is every posiblity of further rise towards *10698 plus can happen , which is 61% retrace of recent bottom of 9950 !**

BN closed at 25394.

**. But since todays volume bar is bullish till now , BN bulls are trying to push BN abv 25135 to 25165 zone towards *25233 **

[Pats]

Nfty last cl 10692.
...On daily chart :
sup is at 21SMA *10444 to 10SMA *10583 and 26Apr low was *10560.
.... MacD , RSI , FStochs all are bullish .
...So if Nfty slips towards *10560 to *10583 region without any negativ surprise , then it may be a good buying opportunity :
for upside towards : 100% plus Fibo lvl upto *10685 to *10735 zone.

... Below 21SMA *10444 lvl , 10350 to 10410 zone is the only support..

... * For Education Purpose Only*

[Pats]

BN last cl 25394.

...Support is at 21SMA *24940 to 10SMA *25105 zone.
...Psychological sup at *25185 and if BN slip at this lvl then it may be a good buying opportunity for possible target of *25350 to *25465 zone.

. ... 2 days close below *24940 can lead to 24735 lvl.

....* For Education Purpose Only *

[Pats]

Nfty last cl 10739.
.On daily charts super-bullish but some posiblity to re-visit PSar lvl *10560 to *10490 for a brief period is not rulled out.

...Important Fibo lvls Above *10820 Super Bullish ... Below *10678 more dnside.
...On wkly chart attached , Nfty still bullish but 10SMA *10380 is still not crossed-over 30SMA *10430, hence neutral to slight bearish posiblity persist for a re-visit towards *10480 to *10520 zone .
,.. Additionally cycle change from bullish to bearish from **NewMoon day 15th April.

[Pats]

TataMotors last cl 340
.... It has important resi at 20SMA *345 and 50SMA *350 on daily chart
..but wkly chart shows resi at 30SMA *390.

... Posible WolfWave may take TaMotrs to as high as *370 plus.

...Sup is around wkly MidBB *321 which may be revisited *IF* bulls fail to encash the positive sentiments beyond 346 to 352 zone convingsingly

[Pats]

BNfty last cl 25531:
Max dnside as of now looks around 25365 to 25450 zone.
..Major sup at 20EMA **25033 to 50EMA *25146.

.MacD is super-bullish due to positv c/over break-out....

Only profit bookng or some bad news for Bankng sector can pull-dn it towards **25033 lvl , *else* 25980 on cards in comng dsys /wks.

... *For Education Purpose only*.

[Pats]

DLF last cl 223.
...Although prvs Open , High is same and closed in red ,.. but still DLF is successfully closed abv its iemportant resi at 34EMA 216 and 89EMA 222 on CBasis.

....ADX raetio is super-bullish , hence *IF* DLF sustained abv *222 convngsngly , *THEN* every posiblity of goieng high abv *240 plus.
.... But 2-days close below *220 may make DLF range-bound btw 216 to 221 zone.

*For Education Purpose Only *