VineetJain_TradingSiksha

VineetJain_TradingSiksha

Nifty is approaching the narrow end of a descending triangle pattern. A decisive valid break of the upper channel of this formation will lead the prices to 24775 to 24931 and final target of 25530. Above 25530 the entire trend will once again turn bullish. Until then it is a sell on rise kind of a market. if the annual results are good and corporate commentary is...

VineetJain_TradingSiksha

Reliance one of the heavily traded counters in the market is showing some interesting signs. The entire down move started with a strong corporate action of the bonus announcement which attracts huge retail sentiments. prices were in the range of 3000 and there we saw the top formation in the recent past. post that we can see some frequent formations of Flag...

VineetJain_TradingSiksha

JK Cement has formed a good cup and handle pattern and waiting for a valid breakout above the range of 4800 - 4820.. once it crosses the range then we plan to enter for a positional target of 5780-5800 - which is the equal to the depth of the cup reversed on upside.

VineetJain_TradingSiksha

LT FOODS has formed a flag pattern with a parallel channel. We will wait for a valid breakout of this range on the upside to enter as it is a trend continuation pattern. on the other hand if th eprice comes to lower end of the band then we may plan a entry based on price action with a 1 rupee stop below the range on clbs.

VineetJain_TradingSiksha

We use our Customised Indicator called ECG to mark the most important support and resistance zones for the price in the respective time frame. Here we have plotted the index charts on day time frame which gives us the levels for positional trades which are valid for the whole month of August 2024.. Now the yellow colour lines form a zone which makes the home of...

VineetJain_TradingSiksha

Will Nifty follow the trend or retest the trend? Option 1 Nifty may follow the trend and as per the chart may test 10480-520 and may again find support around 10150-9980-9890 Option 2 Nifty may retest 10150-9980-9890 and then go up again to 10480 Thank You Vineet Jain