Pre-market chart update

Bank Nifty:

Nifty:

Nifty and Bank Nifty Weekly update

Dear All, 

It is after 2 months that I am logging in to my blog. 

Yes, I am alive. 

Some events in last 2 months pushed me to shut down blog. I left my last job and now a FULL time "Trader", at least for time being :).

One important things , due to attack on FB page of "Pattern Trading " , I moved it to new address. If you are interested to get updates during market hours please add yourself. 

Link for new FB page : Click Here. 

Coming back to markets :) 

Nifty Update: 

Nifty Hourly chart: 

Nifty is forming an expanding triangle in hourly time frame and managed to close just above trend line. Weekly and daily uptrend for nifty is still intact. 

Support: 

Trend line support at 7885, 7865 and 7838. 

Support from expanding triangle comes at 7840.

5Dema   is currently at 7875.

5Dlema is currently at 7845.

Resistance: 

Multiple tops between 7923 -7930. 

Upper trend line for expanding triangle comes at 7841. 

Even in case nifty breaks trend line there is bunch of support as mentioned above till 7838. Only below 7838 nifty will go in positional sell mode with stop loss around 7875-7885.

On the other hand if nifty manages to cross 7941 then we are ready for fresh rally with stop loss around 7915-20. 

Bank Nifty:

Whole up move for bank nifty is well contained in price channel.

Support: 

Trend line support zone in between  15680- 15725 and 15585-15575 

Resistance:

Multiple tops in between 15855-15865

Daily and weekly trend for bank nifty is firmly up. Once it breaks 15855-15865 we are on for fresh rally. On the other hand break of 15680 will confirm breakdown from channel for initial target of 15575.

Wish you a great weekend. 

Happy trading. 

Regards,

Sumit 

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

Oil Oil Oil

BRENT Crude

Oil Oil .... Oil main reason for today's fall as per media. This is what chart say's about Brent oil future.  It is forming a symmetrical triangle on weekly chart. Please note that pattern is still very raw. But once complete breakout on either side will give whooping $22 move. 

Regards,

Sumit 

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

TATA Chemical

TATA Chemical

Tata chemical is currently trading very close to its long term resistance line. EOD close above 250 will take share to 280 and then 300. This is an investment idea. 

So plan your trade accordingly 

Wish you best for your trading and investing. 

Regards,

Sumit 

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

Weekend Update

Hello All, 

Weekend update for 70 shares can be located at : Click here

Due to ease of uploading and tracking i have uploaded all charts for weekend on FB page. 

Wish you best for your trading and investing. 

Regards,

Sumit 

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

Stocks to watch out for next week

BEML:

BEML is knocking long term (RED) resistance line. Close above 750 will end long term down trend and counter will be firmly in bull grip. Buy above 750 for first target of 980. 

DLF:

Close above 239 will break resistance line for target of 290.

INDIA CEM

Once closed above 120 , India cement is heading towards 180 and then 200. 

TATA POWER

Above 113 , Tata power is heading towards 130 and then 150

TATA STEEL

Today Tata steel kissed its long term resistance line. Once close above 585 , share is heading towards 700. 

Please note that all the above share discussed above are for investment ideas. 

So plan your trade accordingly. 

Wish you best for your trading and investing. 

Regards,

Sumit 

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

Hindalco

Hindalco:

Hindalco has given breakout to rounded bottom pattern on weekly scale. Weekly close above 165 will make it move towards 200 and then 245 in medium to long term. 

So plan your trade accordingly. 

Wish you best for your trading and investing. 

Regards, Sumit 

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

Nifty Update

Nifty

Nifty is consolidating in conservatively 400 and aggressively 500 points triangle.

  Support line connecting lows from 7210 was broken today. Below 7390 (today's low) Nifty is heading towards 7330 and then 7280. Break of 7210 will make bears very aggressive and Nifty will be heading towards 6800 odd levels. 

On the other hand break of 7450 will break pattern on upside and we will be heading towards 7800. 

So plan your trade accordingly. 

Best to your trading. 

Regards, 

Sumit 

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

Orchid Chemical

Orchid Chemicals:

Orchid chemical is forming rounded cup and handle pattern. Above 73 pattern will give breakout for target of 90 and 105. 

Best to your trading and investing :). Have a good day ahead. 

Regards, 
Sumit

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

Price channel update for 70 scripts

Dear Pattern Trader, 

This price is just a backup of all the charts on my system. Recently i lost all data on my machine, so i decided to backup all of charts on blog :). In case if you have any query you can shoot in comments section. I will try to get back on same.

Adani Enterprise 

Adani Power

Airtel Weekly

ALBK

Andhra Bank

APOLLOTYRE

ASIANPAINT Monthly

ASIANPAINT Daily

ASHOKLEY

AUROPHARMA

AXIS Bank Weekly

BAJAJ Auto

BANKBARODA

BATA 

BEML

BHARAT FORGE

BHEL

BIOCON

BPCL

CESC

CUMMINSIND

DLF

DRREDDY

GAIL

GMRINFRA

GOREJ

GRASIM

HDFC BANK

HDIL

HEROMOTOR

HINDALCO

HUL

ICICI

INDIA CEMENT

INFY

ITC

JAIN IRRIGATION

JINDAL STEEL

JPASSOCIAT

LT

MARUTI

NCC

NMDC

NTPC

ONGC

ORIENTAL BANK

PETRONET

PNB

RELIANCE CAPITAL

RELINFRA

RIL

SAIL

SBI

SINTEX

SUNPHARMA

TATAGLOBAL

TATAMOTORS

TATASTEEL

TCS

TECHM

UNION BANK

UNITECH

UPL

VIJAYA BANK

VOLTAS

WELCORP

WIPRO

Till then best to your trading and investing :). Have a good day ahead. 

Regards, 
Sumit

To follow Pattern trading on Facebook: Click Here

You can also register your mail id on right hand side of blog to receive update straight to your mailbox.

DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.