travellingtradermumbai

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.

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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

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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...

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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.

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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...

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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.

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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...

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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...

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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

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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.

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28-11 Daily chart of Tata Steel1! LTP: 105.30 Candles are trading below 200 EMA and the manual trend doesn't look strong. The candles respected resistance at 109.25 & 106.85 (manual) and 106.95 (200 EMA) RSI has a bearish crossover and couldn't succeed in an attempt to breach. I have bought 105 pe for trading.

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28-11 Daily chart of Hindalco1! LTP: 433.10 The candles have respected the resisting trendline (manual) The candles have respected the resistance at 442.30 (manual) If the weakness carries, the candles might break the support at 426.10 (200 EMA) and head towards the support at 358 (manual) I bought 430 pe

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29-11 Daily chart of VEDL1! LTP: 301.80 Pattern (manual) looks like a bullish ascending triangle with neckline at 321.45. Resistance at 321.45 (manual) Support at 295.75 (200 EMA) and 280.45 (manual S&R) I think it is a good buy as the trend (manual and 200 EMA) is bullish.

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27-11 Daily chart of ExideInd1! Manual trend and 200 EMA are bullish so the strategy stands at buy on dips. Expect a strong breakout if the resisting trendline is breached because the resistance at 186.40 was broken and the bullish candle is a strong one. Multiple supports at 176.80 & 166.05 (manual) and 162.25 (200 EMA). Wait for a dip or wait for a breakout to trade.

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27-11 Daily chart of SUNTV1! A clear breakdown of the manual bullish trend and 200 EMA. Candles close to the support at 486.00 followed by a support at 475. RSI shows signs of a bullish reversal. Can buy when candles breach 200 EMA with strength or can go short if the support at 475 is broken with strength.

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27-11 Daily chart of Escorts1! Looks like a clear breakout Manual trend and 200 EMA are bullish RSI is getting into the overbought range but looks strong We have multiple supports at 223.80, 2090.50 and so on. The chart looks strong and one should wait for a dip and buy for positional trading.