NIFTY Weekly chart trendlines

NIFTY WEEKLY CHART

• It seems a close below today's low will take nifty to 4850 levels. 
• 2nd trend line was violated briefly but managed to close above it. So only a weekly close above the 2nd trend line can save nifty.
• If it breaks and closes below the 2nd trend line nifty will surely go down till 4850 minimum.
• Breaking the 3rd trend line(around 4853 for this week) will be very negative news for the bulls.

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ABB strong down trend

UPDATED CHART -1

ABB DAILY CHART

• ABB falling like a knife
• may get some support at 687. If that is taken out 658 will give some hope. May get a rally from these two levels.

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TATA STEEL trading near support levels

TATA STEEL DAILY CHART

TATA STEEL DAILY CHART - II

• TATA STEEL is showing down trend in daily chart.
• It is close to its support zone at 520.
• The daily MACD is showing a positive divergence developing.But the down move may not have ended. The stock may test 520 levels before bouncing back to break the down trend line.
• If the down move from 540 levels to 520 levels is accompanied by the developing positive divergence we can take a long trade from 510-520 levels with 500 as stop loss.

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IDFC weekly chart in a triangle

IDFC WEEKLY CHART

IDFC WEEK IN A TRIANGLE

• IDFC weekly chart is in a triangle.
• 178-180 region is a big hurdle for the stock to cross.
• for now the stock will move in a range of 150-170.
• Break out traders should wait for the Triangle break which  will give better trade in this stock.
• Short term players can use the triangle bottom line and resistance line to trade.

ABAN OFFSHORE immediate supports

ABAN OFFSHORE

• ABAN OFFSHORE has support around 800 region.
• trading below 800 the stock may slip to 600 region.

Nifty Hourly chart trend line break trade

• NIFTY HOUR chart gave a very simple entry at 5170 region today when it broke the hourly up trend line. 
• Some times it's easy But the difficult part is to wait for the easy trade to come

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INDIA BULLS REAL. ESTATE is about to break out of a triangle

• India bulls real estate MACD week has given a buy signal.
• An important trend line has broken which is positive for the short term.
• Now the triangle will break on the upside in the coming weeks. 
• will update it when the break out happens.

thank you