iCharts Discussions

[sanjayojha]

Any update on hindalco
Sanjay

[a1b1trader]

[manojkr78]

ok tnx....

[sanjayojha]

[a1b1trader]

[a1b1trader]

[a1b1trader]

My Observations - BNF

For Friday

C&SA 15100 -> 15175 -> 15230/50

C&SA 15250 will be highly bullish and may move to a target of 15325 -> 15400

B&RB 15050 -> 15000 -> 14940/25 -> 15875

B&RB 14900 can lead to panic selling

Will update realtime, as and when possible. However, please note that incase of reversal from a level, BNF can move up or down to next or previous level also.

Use proper SL/TSL

Will be a high volatility day for BNF and wild movements are possible.

[a1b1trader]

My Observations - NF

For Friday

C&SA 7700/05 -> 7720 -> 7750/55 -> 7780 -> 7810 -> highly bullish

And if in case, failed to cross 7700/05 or reverts from higher level, then

B&RB 7700 -> 7675 -> 7650 -> 7625 ->7600 ->7550

Will update realtime, as and when possible. However, please note that incase of reversal from a level, NF can move up or down to next or previous level also.

Use proper SL/TSL


May add that a bullish wolfe with target 7735 has also triggered.

[manojkr78]

a1b1,

Tnx, but why levels didn't change for past few days???

manoj

[a1b1trader]

[manojkr78]

a1b1,

can longs initiated near lows for intraday????

[a1b1trader]

[a1b1trader]

If B&RB 7550 then 7525 possible

Use proper SL/TSL
Take care

[a1b1trader]

Narrow Range Patterns formed today

NR7 - NS*, NF, BN (BNF was an NR7 day yesterday, but not today)

NR4 - CNXIT^

* Today was second consecutive NR7 day for NS (yesterday was also an NR7 day)

^ Today was second consecutive NR4 day for CNXIT (yesterday was also an NR4 day)

[a1b1trader]

My Observations - BNF

For Monday

The traders will be in a dilema about the movement of the market, as US market was closed in good green despite international problems. But our market was not closed on a bullish note. So it will be better to be on sidelines till clear signal emerges out.

It may be noted, that even if there is a gap up open, it can turn out to be a trap, and market may move downwards again for further lower levels. So use very strict SL/TSL

C&SA 14825 -> 14850 ->14900 -> 14950/75 ->15025/50

But upside will be likely only above 15100 as above this level the bearish momentum will slowly start changing into bullish momentum, but bullish only above 15200.

Till 15075/100, there could be danger of reversal again for lower levels. So be careful about the movement.

B&RB 14775 -> 14725 -> 14700/675 -> 14625

B&RB 14600 can lead to a sell off

Will update realtime, as and when possible, if necessary. However, please note that in case of reversal from a level, BNF can move up or down to next or previous level also.

Use proper SL/TSL

Will be a high volatility day for BNF and wild movements are possible.