The daily TF shows bars testing supply at breakout levels. Decent target mentioned in short term. Advantageous for call option.
Extraodrinary shake out candle and raising prices indicates 1. Range resistance line as first target 2. futher targets drawn may also achieved after supply absorption at range top long consolidation already removed maximum supply at these levels shakeout candle tested supply at bottom comfortably sector support gives addtional confirmation
both major and minor pitchforks showing the least resistance path of price is to go up. 1880 to 1900 appears to be a minor resistance bullish price action is valid even if bars go along lower line of minor pitch fork. but expecting a good bullish bar soon towards minor resistance price closing below the lower line of minor pitch fork - SL can be taken
Price appears to be deliberately pushed down for catching stops and huge buying happening at support levels. Sector supporting too Call option can be positioned
Bullish flag in Hero MotoCorp - pole is good and strong Flag is narrow and like good base too. Present price is good for call option. And pullback within flag base gives you much better price
No further words …. Pic shows I am ready But any chance of pullback on blue lines is a better price
AFFLE INDIA LTD 1) Time Frame - Monthly. 2) Downtrend strong triangle pattern breakout. 3) Next target would be Previous All Time High - 1511. 4) Recommendation - Strong Buy
Channel Pattern Breakout: A channel pattern in technical analysis refers to the price movement of an asset within two parallel trendlines, with the upper trendline acting as resistance and the lower trendline acting as support. A channel pattern breakout occurs when the price of the asset breaks above the upper trendline or below the lower trendline. When a...
Nifty - Nifty has given a breakout from the Blue box and is now trading in the yellow box - 252 day EMA @ 17396 - 63 day EMA near 17540 - Line of Resistance 17620 odd levels around 20 April 2023 - 21 day EMA around 17240 - Lower level of Yellow box 17220 odd levels - RBI Policy Announcement on 6th April 2023 - Result Calendar to begin soon View: Rangebound...
OP Spot call All supp and resis lvl are drawn in chart keep an eye if you are interested to grab som OP coin in your spot wallet. For Future trade there is very low volume so do trade in spot for safe side see the chart closely and comment your fav coin if you wanna see the analysis of that coin
Nifty Yesterday if we observe in daily candlestick charts Nifty formed a Doji candle - suggesting indecisiveness. Today on a 15 min candle we observe Nifty struggling to stay above yesterday's high as of now. Based on data analysis, FIIs were once again seen selling Index Futures. That makes it clear why Nifty has struggled so far. Now that Nifty is near their...
Reliance We are looking at Daily chart of Reliance Industries Observations - 2420-2450 has the potential to act as resistance - One may also look at the Red Line of Resistance as potential supply zone - 2180-2220 has the potential to provide support to the stock - The Green Line of Support comes around 2163 Given the chart setup, My view : Rangebound...
Nifty 17564 If you have been following me, Nifty has respected most of the levels identified with the help of Technical Analysis The yellow zone above 18000 has been drawn long back. You can check my previous post Thereafter, I have been suggesting this case: if Nifty starts trading below the blue line then probability is very strong for Nifty testing...
Nifty level 20Feb23 check out all levels help treding zone
Nifty - When Nifty was at 18060-18065 odd levels short was recommended. Currently Nifty is down 170 odd points. For Positional play, today's close is very important - Watch out for 17860-17800 odd levels on the downside. If taken down, it could trigger more selling pressure. Bears might start tightening their grip - Between 17860-17965 odd levels and the...
Nifty Chart set up - In the last 2 days Nifty has closed in positive territory, however it has found it difficult to close above 50% of last red candlestick which comes at 17740 odd levels - a lot of resistance between 17740-18140 - on the lower side Nifty has a risk of falling towards 17331 / 17188 / 17096 odd levels Derivative Data - FIIs have gone in...
As we discussed in previous idea , if nifty break 18000 level we may see more selling to 17900-800 levels , as it did in friday trading session. Now , you can see simple Resistance and Support area in the chart , we may expect this week in this zone , so try to buy at support level and sell at resistance level let price make a reversal pattern at the support...
Trade hit the target from mentioned level sustained 2nd trade is almost 1:10