Sunday 8 May 2016

7 Leadership Principles to learn from an eagle..

Seven Leadership Principles to learn from an eagle..

(1)  Eagles fly alone and at high altitudes.
They don't fly with sparrows or other small birds.
Stay away from (narrow minded people)  sparrows and ravens, those that bring you down.
Eagles fly with Eagles. Keep good company.

(2) Eagles have an accurate vision. They have the ability to focus on something as far as 5km.
No matter the obstacles, the eagle will not move his focus from the prey until he grabs it.
Have a vision and remain focused no matter what the obstacle and you will succeed.

(3) Eagles do not eat dead things. They feed only on fresh prey.
Do not rely on your past success, keep looking for new frontiers to conquer. Leave your past where it belongs, in the past.

(4) Eagles love the storm. When clouds gather, the eagles get excited. The eagle uses the storm’s wind to lift it higher. Once it finds the wind of the storm, the eagles uses the raging storm to lift him above the clouds. This gives the eagle an opportunity to glide and rest its wings. In the meantime, all the other birds hide in the leaves and branches of the trees.
Face your challenges knowing that these will make you emerge stronger and better than you were. We can use the storms of life to rise to greater heights. Achievers are not afraid of challenges rather they relish them and use them profitably.

(5) When a female eagle meets a male and they want to mate, she flies down to earth with the male pursing her and she picks a twig. She flies back into the air with the male pursuing her.
Once she has reached a height high enough for her, she lets the twig fall to the ground and watches it as it falls. The male chases after the twig. The faster it falls, the faster he chases until he reaches it and has to catch it before it falls to the ground, then bring it back to the female eagle.
The female eagle grabs the twig and flies to a much higher altitude, and then drops the twig for the male to chase.
This goes on for hours, with the height increasing until the female eagle is assured that the male eagle has mastered the art of picking the twig which shows commitment, then and only then, will she allow him to mate with her!
Whether in private life or in business, one should test commitment of people intended for partnership.

(6) Eagles prepare for training. They remove the feathers and soft grass in the nest so that the young get uncomfortable in preparation for flying.
Leave your comfort zone, there is no growth there.

(7) When the Eagle grows old, his feathers become weak and cannot take him as fast as he should.
When he feels weak and about to die, he retires to a place far away in the rocks.
While there, he plucks out every feather on his body until he is completely bare. He stays in this hiding place until he has grown new feathers  then he can come out.
We occasionally need to shed off old habits, things that burden us, or add no value to our  lives.
Yes eagles never give up ...
So keep moving...

LongTerm Call- Morepen Lab For 123+

Morepen Laboratories
BSE: 500288 | NSE: MOREPENLAB  | SECTOR: PHARMACEUTICALS

LTP 29.5

1.Stock is Trading near its 8 year high. 
2.Stock corrected frm 42 to 20 and taken support of 200 Avg. 
3.Stock Given Small Bullish Ascending Triangle Breakout. 
4. Short-term If stock is able to Hold 23 level We cn test again 42.

Buy in dips till 27/26 SL 23CB Target 62/123++
TimeFrame-2/4 year

Or You Can Hold till stock Not Close below 200SMA. Use 200SMA as a Tsl. Target can be bigger 300++ 


           Upcoming Technical Analysis Training Workshop Mumbai

For Online/Offline Technical Analysis Training Cont stockstudy8@gmail.com


Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.


Saturday 7 May 2016

Gail India : Ready for 555++

GAIL India
BSE: 532155 | NSE: GAIL |  SECTOR: OIL DRILLING AND EXPLORATION

LTP 383

1. Stock is in big uptrend and trading above  all major moving avg. 20/50/100/200. 
2.Stock breaks its last Quarter high 381.
3.Recently stock crossed 200 Weekly Moving Resistance. 

Buy Near 373/65 SL 351 Target 422/452/555++





Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.

Tuesday 3 May 2016

Medium Term Bet - Monte Carlo Fashions For Target 555++

Monte Carlo Fashions
BSE: 538836 | NSE: MONTECARLO | SECTOR: TEXTILES - READYMADE APPARELS

LTP 445

Buy Near 415/400 SL 378 Target 500/555++



                   Upcoming workshop


Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.


RSP Technical/Fundamental Analysis Training Syllabus - Online/Offline

Technical Analysis Training Workshop - Online/Offline

Course Details:-

Important Features:

-> Less Theory More of practical analysis with lot of Real Time examples.
-> Modes of Communication – English/Hindi
->  Life-Time back up support in case of queries
-> Small Batch Size of 5-8 participants.
-> Lots of PDFs and Notes,Study material.
-> Addition to Facebook/Telegram/whatsapp group of ex participants to continue the interactions and learnings.


Read Latest Feedbacks from Old Participants 
https://www.facebook.com/media/set/?set=a.1189524271191325.1073741848.276336619176766&type=1&l=7029459c25

The Topics to be covered given  below :
1. Stock Market Basics
2. Type of Stock Market Analysis
Fundamental Analysis:
i)How To find Strong Fundamental Pick
ii) What is Value Investing.
iii) How to select Cheap Stock at Life-Time High Market also.
iv)How To Pick Multibagger Pick with Help of Fundamental Analysis.
v)Which Type of Stock To Select While Investing.
Vi) How to Calculate Target With The help of Fundamental analysis.

 Technical Analysis:
3. Review of Technical Analysis
3.1 Trend & Trend Behaviours
What is Trend.. Types of Trends..Why Following Trend is very Important.. & How to Follow Trend. What is Definition of STRONG Stock & WEAK Stock. 

3.2 Support & Resistance -

I) Minor Sup & Minor Res
II)Major Sup & Major Res
III)Flip Sup & Flip Res
Buy Near sup & Sell Near Res is Golden Rule of Stockmkt.. but question is When To Buy Near Sup & When to Sell Near Resistance. 


3.3 Trend-line & Channel

What is Trendline,How to Draw Trendline.. When To use, How to use, What is purpose of using Trendline. 
3.4 Breakout & Break-Down
i)What is Breakout & Breakdown, Types of Breakout & Breakdown
ii)Which type of Breakout We Have To Play.
iii)When to Play on Daily Breakout/Breakdown, weekly Breakout/breakdown, Monthly Breakout/breakdown.
iv) How to know False/Fake Breakout/Breakdown. Why Its Occur. 

***Above 4 Topic is Very Very Important***

3.5 Different types of charts (Line,Bar,Candlestick) 

4.Types of Candlesticks Patterns
What is candlesticks Pattern, How to use it in our Trading life.
When to use it,
High Probability Reversal Candlestick Patterns
How to select the stock using candlestick patterns, When Patterns Fails

5. Introduction to chart Patterns
5.1 Reversal Pattern
(H&S, INV H&S,WEDGES-Type Of wedges, Double Top/Bottom Pattern.)

5.2 Continuation Pattern
(Symmetrical Triangle,Ascending Triangle,Descending Triangle,Flag,Pennant,
Cup&handle Pattern, Rectangle Pattern,Channel)
Which Pattern is Highly Successful, When Patterns Fails.

6.Rules-Based Strategies for Indicators
6.1 Leading Indicators & Lagging Indicators
6.2 RSI,MACD & Moving Avg
6.3 When To Use Which Indicator(TimeFrame)
6.4 Supertrend

7.Mastering Multi time-frame Analysis
8. Risk Management using Hedging Strategies 

9.Money Management  
10.Technical analysis step by step (The Mental Check-list)
11.Trick –How to Pick Best stock. When to exit when to enter.
12.Trading Discipline and What steps to take to be a successful Professional Trader/Investor using Technical Analysis.




What you Will learn from this course?

Technical Analysis is all about Where to Buy/where to Sell Which Stock to Buy/ Money-Management.

In Short Good Entry/Exit/Stop-Loss & “Stock Selection”.

Apart from that , Some Important Point You going to learn


How To Make Positional call/Long Term Call/Swing call/ Intra-day call
 What is The First Indication That Stock Is Going To Bottom-Out/Top-Out Soon .
 Importance of Moving Averages In Trading/Investing Life
 Importance of Stop-Loss In Trading/Investing Life
 How To Make Money From PENNY Stock. 

How to identify market trends
 How to Pick Best stock. which do not fall in Bearish Market.
 What is Golden Cross & Death Cross.
 Why Every Trader/Investor Should Trust On Technical Analysis
 Why Right Exit Is So Important In Investing Life

Method of selection of stocks for intra-day & positional trading
 My Advice For Every Traders/Investor.
 Trading Method/The Mental Check-list
Risk Management/Money-management
Question Answer Session.

Benefits Of  the Course :

1.Start your part time trading business .You can Trade Intraday/Short Term/Longterm in any market of the world. 
2.Learn the art of stock picking for long term wealth creation.
3.Learn to trade stocks in both bullish and bearish market. Learn Definition of Good or bad Strong or weak Stock. 
4.Stop looking for tips and focus on generating the ideas yourself. because its your money and its should handle by your own. 
5.Benefit from the power of the 8th wonder in the world – Compounding.
6.You will be ahead of 90% investors in the world who depend solely on Fundamental Analysis only.

Mode of Training :
There are 2 mode of Training

Online- with help of Team Viewer & Telephonic conversation.(Skype/whatsapp calling) we can complete the course in 2/3 weeks


Offline- face to face  In Mumbai or at your place if more than 4 student. ( 2 days)



Interested Member contact me at 
Mob/Whatsapp - +91-7977151052
Telegram :@stockstudy8 Or 
Stockstudy8@gmail.com


If you would like a training session in your city and are a group of interested people go mail us on stockstudy8@gmail.com


DETAILS:
Fees : Rs 17500/-

Regards,

Ravi Prasad

(stockstudy8@gmail.com)




Wednesday 27 April 2016

Worth A Read - A Mythological stories

Worth a read...

"Mom, I am a genetic scientist. I am working in the US on the evolution of man. Theory of evolution, Charles Darwin, have you heard of him? " Vasu asked.

His Mother sat down next to him and smiled, "I know Darwin, Vasu. I also know that what you think he discovered is old news in India."

" Yeah sure Mom!" Vasu said with sarcasm.

"Well if you are too smart then listen to this, " his Mother countered." Have you heard of Dashavatar? The ten avatars of Vishnu?" Vasu nodded.

"Then let me tell you what you and Mr. Darwin don't know. Listen carefully- The first avatar was the Matsya avatar, it means the fish. That is because life began in the water. Is that not right?" Vasu began to listen with a little more attention.

"Then came the Kurma Avatar, which means the tortoise, because life moved from the water to the land. The amphibian. So the Tortoise denoted the evolution from sea to land.

Third was the Varaha, the wild boar, which meant the wild animals with not much intellect, you call them the Dinosaurs, correct? " Vasu nodded wide eyed.

"The fourth avatar was the Narasimha avatar, half man and half animal, the evolution from wild animals to intelligent beings.

Fifth the Waman avatar, the midget or dwarf, who could grow really tall. Do you know why that is? Cause there were two kinds of humans, Homo Erectus and the Homo Sapiens and Homo Sapiens won that battle." Vasu could see that his Mother was in full flow and he was stupefied.

"The Sixth avatar was Parshuram, the man who wielded the axe, the man who was a cave and forest dweller. Angry, and not social.

The seventh avatar  was Ram, the first thinking social being, who laid out the laws of society and the basis of all relationships.

The eight avatar was Krishna, the statesman, the politician, the lover who played the game of society and taught how to live and thrive in the social structure.

The Ninth avatar, the Buddha, the man who rose from Narasimha and found man's true nature. The nature of Buddha, he identified man's final quest of enlightenment.

And finally, my boy, will come Kalki, the man you are working on. The man who will be genetically supreme."

Vasu looked at his Mother speechless. "This is amazing Mom, how did you.. This makes sense!"

"Yes it does Vasu! We Indians knew some amazing things just didnt know how to pass it on scientifically. So made them into mythological stories.

Mythology makes sense. Its just the way you look at it - Religious or Scientific. Your call.

Fwd

Sunday 24 April 2016

Two F&O Stock Looking Good For Year 2016 From Here.. Might be double From Here

JSW Steel
BSE: 500228 | NSE: JSWSTEEL | | SECTOR: STEEL - LARGE

1. Forming Cup & Handle Pattern
2. Close Above 1405 Target 1919/2626+
3. Use 200SMA AS a SL And TSL for the stock. 
4.Check below image for more details. 




SKS Microfinance
BSE: 533228 | NSE: SKSMICRO || SECTOR: FINANCE - GENERAL

1. Forming Cup & Handle Pattern
2. Close Above 605 Target 717/1515+++
3. Use 200SMA AS Trailing StopLoss for the stock. 
4.Check below image for more details. 


Nothing is certain. All we can do - develop scenarios based on price action. So Now Read the Disclaimer twice Before investing in my stock. 

For Technical Analysis Training cont
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Upcoming workshop
Technical Analysis Training Workshop Ahmedabad - April 2016

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Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.

Thursday 21 April 2016

How a Password Changed my Life ... A true story

How a Password Changed my Life ... A true story from the Reader’s Digest ...

I was having an average  morning until I sat down in front of my office computer .
"your password has expired”, a server message flashed on my screen, with instructions for changing it...
In my company we have to change passwords monthly..
I was deeply depressed after my recent divorce. Disbelief over what she had done to me was what I thought all day long ....

I remembered a tip I’d heard from my former boss. He’d said, “I’m going to use a password that is going to change my life”.

I couldn’t focus on getting things done in my current mood.. My password reminded me that I shouldn’t let myself be a victim of my recent breakup and that I was strong enough to do something about it.

I made my password – Forgive@her. I had to type this password several times every day, each time my computer would lock. Each time I came back from lunch I wrote forgive her.
The simple action changed the way I looked at my ex-wife.. That constant reminder of reconciliation led me to accept the way things happened and helped me deal with my depression..
By the time the server prompted me to change my password following month, I felt free.

The next time I had to change my password I thought about the next thing that I had to get done. My password became Quit@smoking4ever .
It motivated me to follow my goal and I was able to quit smoking.

One month later, my password became Save4trip@europe, and in three months I was able to visit Europe.

Reminders helped me materialize my goals and kept me motivated and excited.
. it's sometimes difficult to come up with your next goal

keeping at it brings great results.

After a few months my password was -
lifeis#beauTful !!!

Life is going to change again :)

Join Telegram Group

Technical View by RSP View is Educational purpose only. Analyze & trade at your own risk.
 Any Query Ask me. Telegram id - stockstudy8
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https://telegram.me/Stockstudy

Wednesday 20 April 2016

Tata Metaliks : Falling Wedge Breakout

Tata Metaliks
BSE: 513434 | NSE: TATAMETALI |  | SECTOR: STEEL - PIG IRON

LTP 114
1.  Falling wedge Breakout 
2.Trading above 50/200 Moving Avg.
3.Bounced from 200Weekly Moving avg.

Buy Near 103-105 SL 92 Target 153/70++


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Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.

Sunday 17 April 2016

Hindustan Unilever : Ready for 1212++

 Hindustan Unilever
BSE: 500696 | NSE: HINDUNILVR  | SECTOR: PERSONAL CARE

Last Time we did well in this stock. 
555>>>>777++ check below link for old call
Hindustan Unilever : Ready for NEW RIDE Expected Target 630/680/777++

LTP 895

1.Stock Given Breakout from one year downward trend-line.
2. Short-term Double bottom Breakout Also. 
3.Trading above 50/200 Moving avg.

Buy Near 866-54 SL 817CB  TGT 1212++
Shorterm Target 948/975++ 


For Technical Analysis Training cont
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Gmail: Stockstudy8@gmail.com

Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.

Saturday 16 April 2016

Thank You For The Great Feedback!!!

Thank You For The Great Feedback!!!









Thank You Once Again. Followers Feedback in a personal Mail or msg Give me more confidence & Strength to do my work .

Friday 15 April 2016

#Start SIP in TATASPONGE : A MULTI-BAGGER IS IN MAKING

Tata Sponge Iron

BSE: 513010 | NSE: TATASPONGE |  | SECTOR: STEEL - SPONGE IRON
Group :B  Face value:10.00

#Fundamentally Co. is debt Free. & Only single in Steel - Sponge Iron Sector. 
#Paying dividend every year continuously.
#Book Value is Up 10% this year. 

Lets Talk Technically. thats sound goods.
1.Stock is Giving Breakout from Falling wedge. 
2.Trading Above 200 Moving Avg.
3.Weekly Close above 526 expect 888/1000 in medium term. 
4. Long-term Target 1616. 
  
Buy near 485-470  Sl of 440cb for Target 1616. 
(take some risk and this time wait for weekly close below 440  to book loss, the reason is only closing can define the reversal. ) 

Safe people wait for give close above 526 weekly basis then start doing SIP in this stock with same SL.
Note- This is my personal view. It may go wrong. you can ask with your financial advisor before making any investment decision on it. 


For Technical Analysis Training cont
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Gmail: Stockstudy8@gmail.com

Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.

Thursday 14 April 2016

CHOLAFIN : Rectangle Channel Breakout


Cholamandalam Investment and Finance Company

BSE: 511243 | NSE: CHOLAFIN | 
| SECTOR: FINANCE - LEASING & HIRE PURCHASE

CHOLAFIN - 
1.Stock is Given Rectangle channel breakout after 9 month of Range consolidation.
2. Stock is Trading above 50 & 200 Moving Avg, & Near Life High. 
3. Buy on Retest of Breakout zone.

 Buy Near 738-715 SLCB 685 For Target 920+++



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Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.

Performance Report : 100% gain in 7700ce & Positional Pick rock

Hello Readers,
So Finally today  Nifty touch 200SMA. that im already wrote on First week of march in my Nifty Post. That due to +ve div in daily expecting to touch 200SMA whereas many was shorting for lower target with sl of 7620. Check Old Article here.. and Do Read

Nifty bounced almost 1000 point from recent bottom. i.e from  200SMA. chart is posted on twitter 
 check here 200SMA CHART 

This month 2 Option Trade did very well. 
first 7500CE Short From 232 to 123.
7500CE 232>>>>>>>>123. 
Check Chart 7500CE SHORT
The moment Nifty 7500CE did the target of 123. market Reversed .

yesterday Given Long Nifty 7700CE @98 for tgt 7921 spot.
today made high of 214+ .
7700CE 98>>>>>>>214++ 
check call Buy 7700CE@98

 Reason for 7700CE long is Breakdown in 7800PE@121
 check chart 7800PE CHART
7800PE 121>>>>>>>>>>>45++ almst lost 60% of its value in one day.

Apart from this week. All Positional pick also did well rose 20/25%. in 2 month. 

BAGFILMS Low 3 High 4.95
PowerGrid 129>>>>>>>>145++
Universal Cables 63>>>>>>>>82+
Nitco low 28.55 now 45++
Standard Industries 21>>>>>>>27++
NAVNETEDUL 77>>>>>>>>>90++
MT EDUCARE low 135>>>>>181++
SBIN low 148 >>>> 198++
SJVN low 26 >>>29++

BLKASHYAP, SYNCOM KECL SL HIT. that im already update on twitter & Fb. 

I Dont Provide any Advisory services. so pls dont mail me for a same. Those who Interested in learning. can contact me. 

For On-line & Offline (in Mumbai ) Technical Analysis Training cont
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Sunday 10 April 2016

Havells India - Inverse Head And Shoulders Breakout

Havells India

BSE: 517354 | NSE: HAVELLS | ISIN: INE176B01034 | SECTOR: ELECTRIC EQUIPMENT

LTP 332

1.Technically  stock Gave a Inverted H&S Breakout. 
2.Stock Is Trading Above 50/200 Moving Avg. 

3.Buy Near 318-08 SL 294CB Target 400++


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Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.


Saturday 2 April 2016

Pure Technical Bet- Rajshree Sugars and Chemicals

Rajshree Sugars and Chemicals

BSE: 500354 | NSE: RAJSREESUG | ISIN: INE562B01019 | SECTOR: SUGAR

LTP 43

1.Stock Gave a Good Horizontal Resistance breakout after 3 year. 
2.Stock is Trading above 100/200 Moving Avg. 
3.If stock is manage to hold 30-29 level then we can see 62/80.

Buy Near 38-35 SL 29.5CB Target 62/80++

Once SLHIT Exit From the Stock. Or If 1st Tgt hit Trail ur SL to cost for second Tgt.


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Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.

Friday 1 April 2016

Jubilant Foodworks : Retesting H&S Break-down zone

Jubilant Foodworks

BSE: 533155 | NSE: JUBLFOOD

LTP 1296

1.Stock is Retesting its H&S Breakdown Zone 1335-55. thats bearish in nature. 
2.In daily chart stock is trading below 200/100EMA.
3.One can short near 1335-55 with Sl 1385cb For Shorterm target 1133.
4. Medium-term if stock not able to cross 1385cb then we can again test recent low near 950+/900.





Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.

Wednesday 30 March 2016

Hindalco : Re-testing Its 2013 Breakdown Support Zone

Hindalco Industries
LTP 86

1.According  to My View 87-90 zone is good time to exit long. or booked profit. those who entered at lower level. 

2.Stock is Re-Testing its 2013 Breakdown Support Level. Check below attached Chart.


3.Stock is also Near 50EMA in Weekly Chart.


4.Close below 78.50 Again stock again change in Bearish mode. 
5.Go Long Only Above 99. for target 111/134 & more.


Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.


Thursday 3 March 2016

Where We Are Standing .......... Where We Are Heading....... RSP VIEW ON #NIFTY

Hello Readers,
Today we will discuss about 
#Nifty PPF( Past,Present & Future) 

Nifty Bounced 650 Point From Recent low of 6826 in 4 days. thats exact frm 200 Weekly SMA.

Im tweeted that Chart on FEB 11. Check Here
This Moving avg Holding from 2539 till now :D 6951 is current value todays low 6959.




So Now Today we closed at 7476 spot.

Now the Question is This rally is Freak Bounce or we done the bottom-out.

Lets Analysed With Technical Analysis.


1. As of Now We are Holding 200 Weekly Sma thats good sign for bulls.
2. But In daily Chart we are trading below 200SMA. thats not a good sign. 

Golden Rule: #When stocks/Index are Trading Below 200SMA No Low is good enough.

Ex. Justdial Broke 200SMA around 1450 Now made low 375. 
Kaveriseed 872 to 320, SBI 280 to 150, PNB 190 to 70. many more. 

3.So what is Current Value of 200SMA Nifty. its 7953. 
And 7979-73 is Trend-line Resistance Zone too. So Close above 7980.

So Close Above 200SMA & Last Swing High 7979 Only We Can Expect That Nifty Will Bottom-out. 
& that Time 
 i)We will Above 200SMA In Both Daily & weekly Time-Frame. 
ii) Start of Higher-High Formation.
 iii) Breakout From Falling Channel. 



4. Now Next Question comes in a mind is what if we will fail to cross & Close above 7979.Answer is So again expect a Fall & Test of 6850 and Close Below 6850 or 200WSMA Target 6666-6363. 

So 6850-7979 is Range & Truth is we are Trading in falling channel. So DownTrend for Nifty. 


So Now Lets Talk about Current Scenario.
LTP 7476.
Going Forward 7575-7615 is strong resistance zone & 7245-35 is Strong support zone.
If we Closed Above 7615 Then Next Target 7878.
Due to Positive Div in daily We can test of 200SMA. or 7878 .Confirmation only above 7615.

Remember an important point folks. 
NO ONE CAN TELL THE FUTURE. What we are trying to do here, with Technical Analysis, is to provide ourselves with a framework to base our trades upon.


Hope you Like this articles. Share it Bindass. 
Any Query can ask me via Telegram @stockstudy8 or
 mail me stockstudy8@gmail.com

Follow me on Twitter: @stockstudy8


Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.