Somanathrout

Somanathrout Jul 22, 2023

it seems as if it has taken 1.618 level at weekly close basis. but meanwhile closed at .889 level of the previous swing high . So, for me it looks like a bull trap and I will short it for target 580 till 15th august. take care and happy trading. and my stoploss will be 626 daily close.

Somanathrout Jul 9, 2023

stock looking attractive as it is approaching the trendline and a new quarter is to start , last quarter was positive . so it looks a decent correction from last quarter has been done and as the trendline suggests buyers will be looking to take a ride . if you are to take a long in this counter make a decision that stay above the trendline and sell below trendline.

Somanathrout Updated  Jul 7, 2023

chart looking stronger in this counter and it is likely to touch 1200 on or before independence day. tight your seat belt for a boeing 707 journey. educational purpose only

Somanathrout Updated  Jan 25, 2022

we can see it is forming a harmonic pattern and also double bottomed at long term trendline today, so keeping a stoploss at 655 which is today low a long can be initiated for 700, 720 . 720 is becoming half yearly pivot so it showed resistance, hopefully this time it might cross over 720. caution, expiry week trade wisely.

Somanathrout Jan 19, 2022

it have a support area around green zone and stock might reverse from here. trade with a stop of 2600 for long term traders and for short term traders wait for a daily candle to form in green color and stop loss should be previous day low. trade with strict stoploss

Somanathrout Jan 8, 2022

we can see bitcoin is available at a dynamic moving average and also at the weekly kijunsen, also at the 1/8 lower level of gann line. together it will work as a support. So, keeping a stop 1% below current week low a long can be initiated and target can be as per risk digesting ability.

Somanathrout Jan 8, 2022

stock has made a harmonic pattern and seems to take a u turn towards upside. So, keeping a stoploss at 450 on weekly close basis a good and decent price will be gettable in medium term view. Always use stop loss when you trade.

Somanathrout Jan 8, 2022

bata looking positive technically, has shown a good correction, setting a stop of 1800-1820 a target 1 can be achieved. always use strict stop loss , since it is a daily chart , daily close to be considered.

Somanathrout Dec 27, 2021

we can clearly see stock has taken support exactly at the support line, as far as technical based trading is concerned I believe its a good oppurtunity for long position although there are bad news running around. but that is how market behaves, stock rises very fast after a panic is created and also sometimes stocks crash. its a very good example of demand and...

Somanathrout Dec 27, 2021

it is trading at support area,stoploss should be 2080 which is just below previous week low and target 1 should be 2262. its an expiry week, trade with strict stoploss.

Somanathrout Dec 15, 2021

stock looking attractive at lower levels and can be bought with a small stoploss .

Somanathrout Dec 6, 2021

refer chart , stoploss should be 16780. and target to be as per risk taking ability

Somanathrout Dec 6, 2021

after a long time stock has given a breakout in rising wedge pattern in weekly chart, follow chart for target and stoploss. And keep an eye on this counter.

Somanathrout Dec 2, 2021

we can see stock is making bullish bat pattern, in case of buying, use strict stop loss.

Somanathrout Nov 30, 2021

this is a monthly chart and december month is just about to start. It can be seen that stock is available at a long term support line. weekly atr is 43 points out of which 7 point is already minus. More 36 points will bring this stock to 619. Around 625-630 a strong will be obtained. But right now further downside will be less possible as we can see a long term...

Somanathrout Nov 29, 2021

it can be seen that nifty has touched tenkansen in weekly chart which is a buying signal or demand zone after 19 april 2021. sgx nifty showing a gap up opening possible. here it is not wise to sell here, and upside resistance is at 17200. a close above 17200 in hourly chart might give a buying chance with stoploss of previous day close at 17186 hourly close. for...

Somanathrout Updated  Nov 18, 2021

its looking banknifty might give a pullback , most of the index constituents are oversold in hourly time frame, trade according to the chart.

Somanathrout Nov 17, 2021

those who have trapped higher can average 25 percent here, fresh buyers can initiate long positions according to the chart with concerned risk reward ratio, caution...stock is performing low, in a downtrend and currently trading below half yearly pivot. trade accordingly.