Somanathrout

Somanathrout

I prefer a short position around 450-455 and long only possible above 455 at least after a day closing as it has reversed drastically from this level when everything was looking right, much would like to exit there position from there , however everything depends on monday opening and closing.

Somanathrout

it has created a cup and handle and failed , again it has created a cup and handle, levels mentioned in the chart for long positions, add this stock to your watch list.

Somanathrout

17222 is 8 day sma, it will at as a good support below it market might confirm a trend reversal and panic sell can drag market to 20 ema which is around 16870. Stay long as long as 17222 is on the charts.

Somanathrout

iex can touch 600 , add this stock to your watchlist

Somanathrout

long position can be created for target 672 with a stoploss of 610 in daily closing basis

Somanathrout

powergrid making a bullish bat pattern. add this scrip to your watch list

Somanathrout

banknifty forming a bearish pattern at 36929, as tomorrow is expiry ...stay alert

Somanathrout

itc can be bought for target 214 and 220 , stoploss 204. stock has very low movement but its direction is upward

Somanathrout

us oilhas faced resistance at the upper resistance trendline and it has made triple bottom on down support trendline. Weekly candle close was a small body with long wicks at both the sides which indicates sellers are there at the upper side and buyers are present downside. Since it has longer timeframe moving averages downside and price is above these moving...

Somanathrout

we can see both the upper and lower trendline has multiple support and resistance. And this week closing is above upper resistance trendline. And the tricky part is it has taken resistance exactly at AB= CD point which is indicating a consolidation might take place further. In that scenario monday opening must be below 1472 and price must remain below the...

Somanathrout Updated 

It is undoubtedly we are going to see a trend reversal at the end of the pitchfork line which is falling around 16950 - 17000. As it has overtaken all the obstacles one by one and from the chart it can be seen that the investor psychology at important pitchfork lines. Often called squeeze momentum candles we can see two small candles at the 1.5 UL, It passed two...

Somanathrout

it can be seen that the resistance line has become support now, also it has given a close above 1,272 fibonacci level on a monthly basis. currently stock is in 3rd impulsive wave where 1st target should be 1260. However first target should be taken as 1200 and stoploss should be below previous day low on closing basis in a daily chart.

Somanathrout

last whole month it has respected the 72 dma. This series has also started with the same phenomenon. So, as long as price is above this ema line, tcs can be long for target 4000 this month.

Somanathrout

Hello Tradingview, Thank you so much for providing traders such a beautiful platform and it will not be an exaggerating that you are the idea master as your idea for adding community and allowing users to interact with each other and sharing knowledge with each other has changed the of trading of many. Today I want to write something about one of your great...

Somanathrout

nifty has created a classic cup and handle in hourly time frame. It was supposed to close above the resistance but could not. However view must be bullish and a close above the resistance line, 16725 in one hour chart might confirm a breakout and target will be around 300 points from the resistance which can be 17025. seems like a dream after wat happened in covid...

Somanathrout

currently this stock is available at 100 month ema, september series will start from tomorrow. we might see rise in price due to short covering. add this stock to your watch list.

Somanathrout

after a long consolidation nifty pharma has made a double bottom. possible reversal for pharma stocks.

Somanathrout

155 is a strong support zone for rblbank, since last march 2020 it has been tested multiple times. keeping a stop loss there a long can be initiated for target 175.