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still, nothing changes, spot nifty is trading at a value high with an excess formed already.
We have published the last Free article for Nifty is following;
Where is U-turn for NIFTY?
When we published this article, we claimed an excess(orange circle) which seen.
There is not confirm about U-turn(reversal) but there are many opportunities for this to happen.
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Do you remember our last Research on PEL? This stock was bought by us and CMP 1700 +. Its was Free research.
The following patterns have been found,
We are seeing an excess at the demand line from which can be certain that a small excess can be found on the supply line.
Resistance for TVS motors between 466-472 range. If anything does not change fundamentally due to this and next week, this stock will take reversal toward 418-400.
Let move for closer look and trend.
On the daily chart, Total 3 patterns have been plotted by this TVS MOTOR which is following,
The Price rotation and Tails are important roles to identify the change in it. Presently, the stock price is in a channel with the supply line, therefore we are expected Tail or Overlapping at the value high.
Focus on volume, the volume is rising with price. If the volume will continue to raise then, we can see up-break out with targets 498-505 but the resistance 463-468 for short sellers and profiting for targets 428-411.
We are seeing an excess at the demand line, from which can be certain that a small excess can be found on the supply line.
Resistance for TVS motors between 466-472 range. If anything does not changes fundamentally due to this and next week, this stock will take reversal toward 418-400.
Below call given to SUBSCRIBERS
Sell TVSMOTOR Oct. Fut. 464-466 with stoploss 469 and target 448-444 and positional if close 450 below then 422-411
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Expecting tail our of channel area (out of Value High). The range of this area is between 11635-11700 for U-turn.
Therefore, a trader who is buying need to be careful.
If tail is found at the top of the value high, we will create a short position, otherwise not. As per this statement, the message for short seller is keep patience and trade with stoploss.
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If remember our 3 days before, then spot nifty exactly following it. Let me add here link of that.
Following link updated daily:
Observer project in a chart.
Nifty is going to open 35-45 points positive, Resistance can be 11490 nearby and support 11428 nearby.
Trade-in options can generate a good amount of profit.
Positional side:
Price not far from 11560-11625 which is the long term channel resistance. The controlled price is too far from it. You can check the daily chart updated by us for clarification about this.
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This stock can fill your packet.
(Piramal Enterprises Ltd)
Cycling Observation:
For Oct. 2017, Over-Reaction observed in Nov and Dec 2017.
The month of Oct and 2018 have been seen Over-reaction with the change of the Volume.
Currently the Oct 2019, a price is out of the channel, and it has been just 10 days of this month.
A sharp look at Volume:
Volume for the last 10 days is equal to the Average Volume of the last 5 months.
There are still 20 days left until the end of the month of Oct, even though the 10 days volume and price is outside the channel. This is the clear sign of TAIL before ending this month.
Question is, Why the price is outside the downtrend channel?
-> Before the answer this question, you must understand the sentiment of the investors. If we talk technically, price breaking 50 days M.A. the fear of spreading within the investors. Informed and Uninformed both investors having fear but Pro Investors will take action when price over-react.
If you have little knowledge of technical analysis, then you can easily understand the above weekly chart of (Piramal Enterprises Ltd).
The daily chart of Oct. 2018
Looking at Oct 2018 and comparing it with Oct 2019, we get an idea of the upcoming movement of this stock. Shortly, We will update for Subscribers this daily chart and 30-min chart for taking action.
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Below Call given to Subscribers…!
BUY PEL future OCT 1335-45 targets is 1445-1500
Yesterday, We have predicted Resistance 11395 (high made 11420) and reversed to the level 11312 after this resistance. It was closed 11331.
Above 11292 is good for (5) wave, therefore support 11297 nearby for up move. Break this support intraday will new downward move can start.
Note: (5th) is not confirm wave.
We’re going to trade PEL (Piramal Enterprises Ltd). To become a subscriber, subscribe to our free newsletter services. Our service is free for all.