Technical Analysis

Bank nifty future on last Friday has closed at a important decision level which will give a trading idea for next week. Last Fridays closing was a very important as we have seen a very negative candle closing around the days low. Also Bank Nifty future has underperformed Nifty future as we were expecting. The crucial area on daily chart for bank nifty is 12000, from where we will see some bounce or even a fresh rally. Slow stochastic indicator is showing oversold, so buyers may look for buying opportunity here, but as the index has traded lower I would like to lower the risk. we have Fibonacci 50% retracement level around 12100, also 100EMA is close to 12000 on daily chart so bounce is likely, but traders must also stay extremely cautious. This is key area to watch for I would suggest of taking fresh long positions on call options to limit the risk on the trade. Also bank nifty 12000 put option has highest open interest build up, so this could be potential support for short term.

Bank nifty trading analysis daily chart

Our Bank nifty trading analysis:

Buy/accumulate bank nifty 12300 call options at premium between 160 – 200 with target premium of 375, while stop loss must be at 60. Risk to reward ratio is about 1:1 but still comfortable. article published on 10.6.13.


Technical Analysis: Buy Titan with target 313, Stock at support

by Bhaveek Patel

Daily chart of titan is showing a fresh trading opportunity for short term. As the trend in titan is up, so we are only looking to buy this stock on every declines. Stock has a support area around 275 level and this can be used as an opportunity to enter the stock for the short term gain. We will be adding a fresh long position in titan around 278 for positional targets as 300 and […]

Technical Analysis: Maruti Suzuki trading at Support level

by Bhaveek Patel

Maruti Suzuki stock is in an uptrend on medium term chart. But stock is correcting on the daily chart and is now trading at support level. This support is provided by 61.8% fibonacci retracement level (High of 1639 and low of 1051), so 1275 is a strong support zone for the stock in short term. Trading idea: We will be looking for buying opportunity in MARUTI around 1275 for a target of 1345, with stop […]

Technical Analysis: How to trade Double bottom pattern

by Bhaveek Patel

Double bottom pattern is just opposite of double top pattern that we have discussed previously. This pattern is very easy to trade and learn how the market forces will be changing the direction of stock at some level. In┬átechnical analysis, this pattern offers higher chances of success if trader picks the trade with this pattern. A trader can freely apply and trade this pattern on any time frame chart as he comfortable with, even on […]

Medium term analysis for Bata India stock [Video]

by Bhaveek Patel

As promised we are staring the series of the publishing videos of our technical analysis. Stock for the analysis for medium term is Bata India, watch below video for complete analysis. Buy BataIndia near 740 level for medium term target as 990 level, stop loss must be placed below 715. Risk reward ratio is very favorable to take this trade. If you have any queries just comment below for quick reply. You can also like […]

Technical Analysis: How Double top pattern is traded

by Bhaveek Patel

Double top pattern is one of most simple and reliable pattern in technical analysis, there is high probability that a trader will predict correct move most of time. This pattern is very easy to recognize and taking positions is quite simple. You can apply this to any time frame chart may it be weekly, daily or any intraday time frame chart. Have a look at the below image. Steps to follow: When the price action […]

  • Page 1 of 6
  • 1
  • 2
  • 3
  • 4
  • 5
  • ...
  • 6