TRADING STOCKS USING CHARTS

 NIFTY Nifty printed same low of 19562 last week and this week .Break of this low may be considered as change in dow theory.          Nifty daily RSI at 60 and holding 20MA as of now. Hourly printed a lower high  .Have to wait           for decisive break of range 19562  - 20000 .Bulls losing strength.           For now will keep trades to intra until there a clarity of trend.

 NF trading close to ALL TIME HIGH. Strong bullish candle weekly. Can expect some cool off .Can consider as buy on dips. Daily in a trading channel. Wait for some clarity.

Bn is in distribution phase on weekly chart stuck in the range of 44500 - 43400 Further action expected only outside the range. Daily looks to be taking support at 50EMA still within range. Hourly can be Rlaunchpad. Bearish targets can be 43100 and 42900 if trades below 44100. Above 44100 bullish targets can be 44750 and 44900.