NandanChaturvediTrade

NandanChaturvediTrade

Wait for the price action to form a bullish setup on the daily chart. This is a weekly chart trade and hence should be held for minimum of 3 months. A clear volume breakout and Inverse Head and Shoulders breakout with a big green candle. The stock has the potential to reach its all-time high from here which is a 50% gain from CMP. Please note that this is not...

NandanChaturvediTrade

Nifty is forming a descent Head and Shoulders pattern and on a verge of breakdown. From the current levels, if it breaks down, 17300-17350 is quite achievable. Kindly note that this is not a trade idea and only an observation for study purposes only. Do you own diligence before investing.

NandanChaturvediTrade

Wait for the counter-trendline to break before entering with volume confirmation. Kindly note that this is not a recommendation and consult your financial advisor before investing.

NandanChaturvediTrade

IT sector is playing good and still performing better than Nifty at the moment. There has been only sideways consolidation in most of the big guns while the broader market is slipping down. This is a simple analysis where we will wait for the volume confirmation with a candle confirmation to enter for a long. Kindly note that this is not a recommendation....

NandanChaturvediTrade Updated 

BPCL is trading in a range and respecting the trend line. Now again, after a nice double bottom it has taken support at the trendline and ready 5o move high.. This is a good place to enter the trade. SL should be below 450. Kindly note, this is only an analysis and not a recommendation.