MENU

Tradebulls Securities (P) Ltd

Published on 9/07/2020 9:38:46 AM

Nifty

Nifty saw yet another weak pattern ‘ Dragonfly Doji’ amidst the ongoing cluster of ‘Stars’ formation which have been occurring since last few days. But the index continues to oscillate higher within its upward sloping channel while its corresponding RSI value has been declining. On the daily scale the developing price structure also resembles a classic ‘Wedge’ formation & does exhibits its characteristics. It has managed to close above its 200 DEMA of 10514 but with not yet witnessed a strong bull candle formation; the zone is also of major importance been the 61.8% retracement of its JAN-MAR fall. Technically the index has been scaling higher with narrow ranged candles but the momentum indicators are diverging & indicating lack of strength. Hence its ideal to refrain from leverage longs & maintain a trailing stop strategy. Due to its overbought state fresh shorts are warranted only on a breakdown below 10300 with a follow through move below 10180 for a move towards 10000.

Click Here - https://bit.ly/3fg8COC

Please refer disclaimer at https://www.tradebulls.in/disclaimer

Tradebulls Securities (P) Ltd

Published on 8/07/2020 10:36:12 AM

Nifty

Nifty saw yet another weak pattern ‘ Dragonfly Doji’ amidst the ongoing cluster of ‘Stars’ formation which have been occurring since last few days. But the index continues to oscillate higher within its upward sloping channel while its corresponding RSI value has been declining. On the daily scale the developing price structure also resembles a classic ‘Wedge’ formation & does exhibits its characteristics. It has managed to close above its 200 DEMA of 10514 but with not yet witnessed a strong bull candle formation; the zone is also of major importance been the 61.8% retracement of its JAN-MAR fall. Technically the index has been scaling higher with narrow ranged candles but the momentum indicators are diverging & indicating lack of strength. Hence its ideal to refrain from leverage longs & maintain a trailing stop strategy. Due to its overbought state fresh shorts are warranted only on a breakdown below 10300 with a follow through move below 10180 for a move towards 10000.

Click Here - https://bit.ly/3iFxCRo

Please refer disclaimer at https://www.tradebulls.in/disclaimer

Tradebulls Securities (P) Ltd

Published on 7/07/2020 10:33:45 AM

Nifty

Nifty saw yet another ‘Star’ formation while it continues to oscillate within its upward sloping channel while its corresponding RSI value has been declining. The pattern also resembles ‘Wedge’ formation characteristics. It has managed to close above its 200 DEMA of 10514 but with a Doji Star formation; the zone is also of major importance been the 61.8% retracement of its JAN-MAR fall. Technically the index has been scaling higher with narrow ranged candles but the momentum indicators are diverging & indicating lack of strength. Hence its ideal to refrain from leverage longs & maintain a trailing stop strategy. Due to its overbought state fresh shorts are warranted only on a breakdown below 10300 with a follow through move below 10180 for a move towards 10000.

Click Here - https://tinyurl.com/y94aqpqs

Please refer disclaimer at https://www.tradebulls.in/disclaimer

 

Tradebulls Securities (P) Ltd

Published on 6/07/2020 10:26:07 AM

Nifty

Nifty has been oscillating within upward sloping channel while its corresponding RSI value has been declining. The pattern also resembles ‘Wedge’ formation characteristics. It has managed to close above its 200 DEMA of 10514 but with a Doji Star formation; the zone is also of major importance been the 61.8% retracement of its JAN-MAR fall. Technically the index has been scaling higher with narrow ranged candles but the momentum indicators are diverging & indicating lack of strength. Hence its ideal to refrain from leverage longs & maintain a trailing stop strategy. Due to its overbought state fresh shorts are warranted only on a breakdown below 10300 with a follow through move below 10180 for a move towards 10000.

Click Here - https://tinyurl.com/y9bf6pxu

Please refer disclaimer at https://www.tradebulls.in/disclaimer

Tradebulls Securities (P) Ltd

Published on 2/07/2020 10:45:56 AM

Nifty

Nifty remains constrained within the range for 5th trading session in a row. It has been hovering within its ‘Engulfing Bearish’ formation which occurred last week around the confluence zone of its 200 DEMA & 61.8% retracement of the JAN-MAR fall around 10551. The negative divergence displayed by its corresponding daily RSi value inline with the resistance zone of its 200 DEMA at 10510 remains a concerning fact for the sustenance of the ongoing strength. The pattern setup is yet another sign of diminishing strength & a breakdown below 10200 from hereon would confirm the bearish reversal pattern & commencement of the counter trend. Hence it looks ideal to utilize the ongoing rally to book profits in existing folio longs while trading positions should be adequately hedged. While fresh shorts could be deployed once the reversal formation even on the on the daily scale would get reaffirmed on a breakdown below 10200. Until then traders could retain long-short combo positions while the index rests within the oscillating range of 10550-10250.

Click Here - https://bit.ly/2AkzZrk

Please refer disclaimer at https://www.tradebulls.in/disclaimer

Tradebulls Securities (P) Ltd

Published on 1/07/2020 9:29:38 AM

Nifty

Nifty has been hovering around the ‘Engulfing Bearish’ formation which occurred last week around the confluence zone of its 200 DEMA & 61.8% retracement of the JAN-MAR fall around 10551. The negative divergence displayed by its corresponding daily RSi value inline with the resistance zone of the ongoing channel pattern remains a concerning fact for the sustenance of the ongoing upmove. The pattern setup is yet another sign of diminishing strength & a breakdown below 10200 from hereon would confirm the bearish reversal pattern & commencement of the counter trend. Hence it looks ideal to utilize the ongoing rally to book profits in existing folio longs while trading positions should be adequately hedged. While fresh shorts could be deployed once the reversal formation even on the on the daily scale would get reaffirmed on a breakdown below 10200. Until then traders could retain long-short combo positions while the index rests within the range.

Click Here - https://bit.ly/2YKOn5D

Please refer disclaimer at https://www.tradebulls.in/disclaimer

Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS.To Read Complete Disclaimer Click Here