Hari_krishnan_S_Kumar

Hari_krishnan_S_Kumar

Hi Traders, As we breakdown the hourly chart for short term analysis, we have a short term bearish bias on nifty 50 because it is trading below the 50SMA. Nifty 50 has closed below a major support level today. Other Key levels as per hourly chart are between 11458.05 and 11418.18 which can act as a resistance in case of a pullback. We have a support at 10897.84...

Hari_krishnan_S_Kumar Updated 

Hi Traders, Tata Motors has broken our golden zone with confidence, and is now testing a key level of trend reversal at 141.85. If the day close below 141.85 levels our short term bias on this stock will be bearish and we will be looking for shorting opportunities. If the close is below 141.85 we will have new resistance levels. New levels will be updated in post...

Hari_krishnan_S_Kumar

Hi Traders, We saw a good sell off in the indian markets, the jsw steel chart seems very attractive for us. The price is still in an uptrend as per the 4h and daily timeframe. We have the goldenzone between 282.15 and 278.90. The price has tested the golden zone and closed above this level. We have immediate resistance at 285.40 and 289.40. A good and safe trade...

Hari_krishnan_S_Kumar Updated 

Hi Traders, Tata motors is in an uptrend as per 50 SMA in multiple time frames. The price made a higher high confirming a short term uptrend. We have support at 151.20 and 148.70 respectively. We have the golden zone between 146.70 and 144.70. The golden zone is a strong zone as there is price action on the left and is a major key level according to higher time...

Hari_krishnan_S_Kumar Updated 

Hi Traders, GBP USD is rejecting from the golden zone in confluence with the 50 SMA. The hourly chart is below 50 SMA indicating a short term down trend. A short entry can be placed if we get a confirmation from the 5min Chart in the form of a chart pattern at these levels. Pls like and follow. Happy Trading......

Hari_krishnan_S_Kumar Updated 

Hi Traders, USD CAD is testing the daily pivot point which is in confluence with the 38.2 retracement level. Since the 1hr chart is above the 50SMA a 15 pip buy opportunity can unfold. We recommend an entry if price gives a chart pattern in lower timeframe like 5min. Its safe to do scalp trades before the data release. For queries comment below and dont forget to...

Hari_krishnan_S_Kumar

Hi Traders, This Stock has created a higher high and is trading well above the 50 SMA. We have the immediate support at 211.35 and 205.10 levels. The price can continue trending upwards after a pullback to these levels. We have the golden zone between 200.05 and 195 levels, If price respect the golden zone then the further upside of this stock is limited. You can...

Hari_krishnan_S_Kumar Updated 

Hi Traders, This stock is preparing for a breakout from the triangle Pattern. We can enter in a position at breakout or at a pullback. The Stock can find immediate support at 1800 level if we get breakout to the downside. There is a resistance at 1850 level, if we get a breakout to the upside. Pls like and follow. Happy Trading.....

Hari_krishnan_S_Kumar Updated 

Hi Traders, This stock has made a higher high in the 15m time frame. The short term support for this stock is at 215.15 and 211.55. We have the golden zone between 208.60 and 205.70. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can be a...

Hari_krishnan_S_Kumar

Hi Traders, There is a short term resistance for AUDUSD at 0.73549 and 0.73662. We have a golden zone between 0.73753 and 0.73843. These levels can be used only for scalping 10 to 20 pips. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can...

Hari_krishnan_S_Kumar

Hi Traders, There is a short term support for GBPUSD at 1.34040 and 1.33949. We have a golden zone between 1.33876 and 1.33803. These levels can be used only for scalping 10 to 20 pips. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can be...

Hari_krishnan_S_Kumar

Hi Traders, This stock has broken the weekly trendline. The price is now trading inside the golden zone. There can be a retracement back to the weekly trendline. We can safely trade this retracement only if price forms a reversal chart pattern at this golden zone. If the price close above 172.70 can change the outlook of this counter to bullish. Because there is...

Hari_krishnan_S_Kumar

Hi Traders, As we breakdown the Euro dollar chart, the price is still in an uptrend as per daily timeframe. Price is testing a key support level at the 4H chart, which is in confluence with the 23.6 retracement level as per the daily chart. if price manages to break this support, then it can easily test the daily trendline. If the price honors the support level...

Hari_krishnan_S_Kumar

Hi Traders, From the kind of support am getting from my recent publishes, am guessing u want more short term analysis. Or maybe you dont want this kind of technical analysis and its better to stop what am doing and concentrate more on my trading. So this might be the last post on Indian stocks. We have a bullish bias on this stock because of the breakout we had...

Hari_krishnan_S_Kumar

Hi Traders, We have a mixed opinion on this stock, but will definitely add to our watchlist. The weekly chart shows that this stock has been in a downtrend since jun 2018, and price is forming a double bottom pattern which indicates the end of this downtrend. The stock price is approaching key resistance point at 209.50, which came in confluence with the inner...

Hari_krishnan_S_Kumar

Hi Traders, This stock will provide some buying opportunities in coming days. As we breakdown the chart, the price has broken through the weekly inner trendline in confluence with the break of SMA 50. This is a good indication that price will test the outer trendline . The weekly chart formed a double bottom pattern and broke above the neckline, that's another...

Hari_krishnan_S_Kumar

Hi Traders, Tata motors is not in an uptrend as this up swing can be a retracement of the previous downfall. The reasons to believe so are that the price rejected from the golden zone and can test 117 or even the 96 levels. The weekly chart is in downtrend and price tested the weekly trendline in confluence with the golden zone. If the price breaks the weekly...

Hari_krishnan_S_Kumar

Hi Traders, Euro dollar 1h chart cant get any better, the price is about to retest a round no (1.80000) in confluence with 38.2 fibonacci retracement. If price breaks through the round no. and fibo levels, there is the golden zone above these levels. Since there is price action on the left, we can assume that the price will honour this level. To know how to trade...