travellingtradermumbai

travellingtradermumbai

40000 is the resistance level that we need to watch. The chart is weak and has broken the supporting trendline before and after which the trend has started to stoop low. I was say, wait and watch. There is a support at 39000 which may not be easy to break but the chart doesn't give me much of a confidence.

travellingtradermumbai

06-12 Hourly chart of MPHASIS1! LTP: 2104.50 Book rule says that the trend is positive if the candles are trading above 200 EMA and the strategy should be buy on dips. There is a bullish crossover between 100 EMA and 200 EMA. I've gone long strictly for intraday only. Manual support zone is between 2020 and 2032 whereas the support according to 200 EMA is at 2036.90.

travellingtradermumbai

05-12 Daily chart of HINDCOPPER1! LTP: 122.45 Trend (manual and 200 EMA) are bullish. The candles are attempting a breakout from the symmetrical triangle pattern. Targets according to Fibonacci is 128 and 140.

travellingtradermumbai

05-12 Daily chart of NIFTY1! LTP: 18817.75 Seems like a breakout from the old bullish symmetrical triangle pattern. Resistance made at 18998.85 (manual). Supports are at 18004.70 (manual) 17302.15 (200 EMA). The gap between candles and 200 EMA is uncomfortable but the trend is bullish. Strategy should be buy on dips.

travellingtradermumbai

05-12 DAILY CHART OF DEEPAKNTR1! LTP: 2232.75 the trend (manual and 200 ema) is bullish. the candles have respected the resisting trendline (manual) supports are at 2134.25 (manual) and 2094.65 (200 ema) RSI is bullish and strong as well. i just bought deepakntr1! for trading (intraday or BTST)

travellingtradermumbai

05-12 Daily chart of RAMCOCEM1! LTP: 695.20 RSI looks strong and bullish Support at 675.10 (manual) Resistances at 744.65 (200 EMA) and 777.75 (manual) Looks like a buy opportunity for swing traders and sell on rise for positional traders.

travellingtradermumbai

02-12 Daily chart of BRITANNIA1! LTP: 4417.75 There is a clear bearish divergence in RSI. The candles are now resisting the highs. The gap between 200 EMA and the candles is not healthy. Aggressive traders can go short and safe traders can wait for 4200 levels to buy on dips.

travellingtradermumbai

01-12 Daily chart of HINDALCO1! LTP: 465.60 The pattern looks like the bullish ascending triangle. The supports are at 426.90 (200 EMA) and 424.65 (manual). Candles holding strong above 200 EMA is a bullish signal. I have gone long for short term trade

travellingtradermumbai

01-12 Daily chart of HDFCBANK1! LTP: 1638.25 The candles are respecting the resistance (manual) between 1643 and 1645. This zone looks strong and it won't be easy to break and sustain above this. The supports are at 1515 (manual) and 1470.45 (200 EMA) RSI is bearish and shows a bearish divergence as well. This means that the stock is not losing strength. The...

travellingtradermumbai

01-12 Daily chart of ITC1! LTP: 342.55 The RSI looks weak. The setup is bearish and it is under the 50 mark which indicates weakness The candles did breach the resistance (manual) at 349.15 but couldn't hold and have been respecting the resistance. Support (200 EMA) is at 300 and the gap between the candles and 200 EMA is not comfortable. I have gone short for intraday.

travellingtradermumbai

30-11 Hourly chart of BANKNIFTY1! LTP: 43387.20 RSI shows weakness and bearish divergence. Overall trends (manual and 200 EMA) are bullish but the weakness may indicate profit booking which might bring down the rates. Following the thumb rule, follow the trend, I will wait for the candles to come down to 42500 or so and wait for a bullish reversal before going...

travellingtradermumbai

30-11 Daily chart of DLF1! LTP: 406.60 RSI has a bullish crossover and is above 50. the candle being made looks very strong. Supports are at 395.60 (manual) and 368.60 (200 EMA) If we trust RSI, the candles may show a breakout and my first target would be around 425.

travellingtradermumbai

29-11 Daily chart of BAJAJFINSV1! LTP: 1645.15 Trendline (200 EMA) is bullish. Manual trend is sideways. The first look pattern is similar to a bullish continuation flag. Support is at 1517.15 (manual) and 1561.35 (200 EMA) Multiple resistances at 1719.15 & 1774.50 RSI is below 50 and the arrangement is bearish as well. First rule of trading is that one should...

travellingtradermumbai

29-11 Daily chart of LT1! LTP: 2069.05 The trends (manual and 200 EMA) are bullish. The candles are very close to the resistance and the chart structure signals strength. RSI signals profit booking but there is no confirmed signals of any short selling. 2074.55 is a strong resistance (manual) and we can expect a strong up-move once it is broken. I think LT1! can...

travellingtradermumbai

29-11 Daily chart of HINDPETRO1! LTP: 238.85 The long term trends (manual and 200 EMA) are bearish. RSI is overbought and signals a bearish reversal. Supports are at 241.50 (200 EMA) and 237.05 (manual) Strong support zone is between 200 and 207 so it may not be broken. I think we will witness a profit booking if the candles do not breach 241.50 with...

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27-11 daily chart of Hind Petro manual trendline and 200 EMA are bearish RSI heading towards the overbought zone Resistance at 237 (manual) and 241 (200 EMA) Wait for RSI to get in the overbought zone & or price to come up to 238 / 240 and go short

travellingtradermumbai

29-11 Daily chart of GodrejCP1! LTP: 867 Candles are trading above EMA support at 851.05 which is bullish and the manual support is at 821.00 First resistance (manual) is at 883.65 which will be my first target. RSI is bullish as well (above 50 and in an up trend)

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28-11 Daily chart of BPCL1! Candles have breached the resistance at 330 with strength (manual). The strong bullish candle is attempting to breach resistance at 336.15 (200 EMA). There is a bullish divergence as well. I have gone long as I think that once the candles manage to break and sustain above 336.15, it may test 368.45 levels.