IRB Infra - Trading with patterns

 Daily Chart

• IRB Infra after long years consolidation has broken out of a lower trending slope

• The counter has broken above Ascending Triangle Pattern which could be bullish in nature

Combination of tools and pattern trading are basic foundation blocks of Technical Analysis. But only appropriate Risk/Reward ratio along with good money management techniques would be the mantra to attain trading success.

Technical Analysis can be classified into: 

Basic & Advanced concepts with both reactive and predictive mechanisms involved with it.

To Know more about counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts contact us.

 "A Man without Education is a building without Foundation"

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com

Power Grid - Basic Technical Analysis Applied

 Daily Chart

• Power Grid after being in corrective phase has broken out of a lower trending slope from support Zone.

• Applying Simple basic technical analysis tools do help sometimes but the key is identification and application.

• Trendlines can be drawn from any give two peaks or bottoms but choosing of the key points and where more points coincide and where the significance of cluster zone would be is the key to effective application. 

•    Identification key support and resistance Zones along with basic support and trendlines can be effective tools for trend identification.

To Know more about counts and where probably markets are heading towards , educate yourself  with us from simple to advanced concepts as,

 "If You cant explain it simply, you don't understand it yourself" - Albert Einstein.

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com

Is NIFTY move a corrective or impulsive ? Understanding the importance of Trend

As it is always said that, trend is your friend .... Importance of trend and being with the trend with appropriate risk/reward would assist in consistent wealth creation over a period of time.

The question is are we out of the woods for fresh highs before Diwali (September 2015) or markets are yet to consolidate for some more time????

 Daily Chart

30 - Min Chart

NIFTY has fallen from 9120 - 7940 in complex Triple Zig-zag pattern.

Now retraced back 0.618% around 8650 - 8670 zone from 7940 odd levels also sync with lower trending slope resistance.

The Question is is this a corrective move or impulsive move ? or can we re-visit 8250 or 8000 levels back again ? or Fresh highs are around the corner ....

The near term expected resistance (confluence) zone could be around 8650 - 8670 and crucial support zone could be around 8540 - 8460 (Potential Trend Decider)

In corrective nature of markets one needs to be objective and should trade with strict stop losses.

Although we are into the interesting phases of markets, objectivity with balance and proportion is vital to survive and enhance ones portfolios.

To Know more about counts and where probably markets are heading towards,educate yourself as

"Education is the Key to Unlock the golden door of freedom" - George Washington Carver.

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

For Bangalore, India Workshops on Technical Analysis Contact on:

 rvangadi@googlemail.com

CNX IT & TCS - Triangular Pattern Seen

 

CNX IT Daily Chart

TCS Daily Chart

Triangular pattern seen in CNX IT and TCS. CNX IT Index near crucial support zone 10950 ....

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

 rvangadi@googlemail.com