AkashVarma

AkashVarma

As discussed in the earlier post, Was planning to buy the dip but due to gap up opening, it never really touched our area. Thus, didn't take any fresh trades today. Analysis - On the daily chart, we can see a clear profit booking move at the mentioned resistance of 22700 As mentioned earlier, we have spent a lot of time in this range. (8 days between 22700...

AkashVarma

As discussed yesterday, we had a gap up opening and at the opening rate itself we broke the 15 min resistance. (View earlier post for reference) A perfect wedge pattern was at play (discussed in earlier post) Personally, got a clear trade after the 5 min breakout for about 200 points. Now, for Monday i.e 5th October, 2020 A trend has been formed on the 15...

AkashVarma

As planned yesterday, for a flat opening, it tested the support (21300) and we got a good trade of around 150 points Later, it entered the range and stayed there till the end of the trading session On the 5 min chart, a clear uptrend was formed since 10am. It got respected, till the end of the day In the 15 min chart, we even got the break from the...

AkashVarma

I personally refer to Dow Jones during live market hours for global cues and also take trades depending on how global markets are reacting. Dow Jones is the most reliable index for such references. Other indexes on my watchlist include - E100 and Hang Seng Dow took support at the trend line and started it's rise to the resistance on the evening of 25th and our...

AkashVarma

Analysis - At crucial support (21350-21230) Previous support acts as current resistance (22050-21980) Scenario's - If flat opening - Support will be tested If Gap up opening - In range If gap down opening - Support might break Trade based on 5 and 15 min time frames

AkashVarma

An engulfing candle on Nifty suggesting a short correction.

AkashVarma

All stocks have given breakouts which resulted in the solvency of the previous patterns. New trend might be formed. Will wait till the end of this year to get a clear picture.

AkashVarma

Took the top 4 banks by m-cap and made an analysis for future buying with the help of a weekly time frame plotted Support and Resistance. Indicators used - Exponential Moving Average (200 days) and Volume for catching breakouts and breakdowns.