|
Daily Trading Strategies 14/02/2017
|
||
|
Daily Level
|
Nifty50
|
|
|
R3- 8845
|
Buy
|
Buy above 8812 with Target-8827/8845 with Stop Loss- 8802.
Note: If open price is below 8812 than order is activated
|
|
R2- 8827
|
||
|
R1-8812
|
||
|
Resistances
|
||
|
Support
|
Sell
|
Sell Below 8768 with Target- 8754/8735 with Stop Loss- 8778.
Note: If open price is above 8768 than order is activated
|
|
S1- 8768
|
||
|
S2- 8754
|
||
|
S3- 8735
|
||
Hindalco is trading almost near life time high where we can see a Doji and Doji star formation with a confirmation candle, Doji and Doji Star are completely a reversal signal for short period of time and voulme also decline for past two weeks (low demand on top). If stock open on Monday near Friday close or below and able to break 213.25, this reversal trend will continued, Try to apply this strategy with volume below 213.25 and immediate support levels are on 210.35/207.30 and strong support 205.20 level and resistance levels are 216/220.20/224.80
Comments
Post a Comment