Trend Negative, Strength Medium The degree and nature of separation in both bands indicates a negative trend. The price is trading on the lower side of STMA Band. The probability of a next negative candle is more than 70%. Important levels are marked on the chart. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Daily: Uptrend, No change in the structure. The resistance is at 22600 and if broken then the next Important Level is 22800. The support is at 22300. 5m Chart: Uptrend, The price is following a channel.
The degree and nature of separation in both bands indicates the start of a downtrend. But the price has been trapped in the Darvas Box. So the breakdown of the box confirms the downtrend. And a short trade with a R/R - 1/3 can be planned with a stop loss of 724 if breakdown happens with momentum. Disclaimer: This is my pre market analysis and my trading journal....
After a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions. Intraday 5m | Trend Negative Disclaimer: This is my pre market analysis and my...
Today, with a gap down opening the index is recovered with strong momentum and made a close above the previous close. In the domestic market, foreign selling ahead of the final two phases of national elections is expected to keep volatility high. The index took strong support and over the last six trading sessions, it has shown a strong uptrend rally. The current...
Daily: Trend Negative, The Hammer candle formed in the compression zone decreases the probability of the next negative candle. 5m TF: Trend Positive, Break of Structure
Daily tf: Trend Negative, as long as the price is below LTMA Band. Weekly tf: Trend Neutral, Compression Zone Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Technical Outlook The index has found strong support from lower levels, and in the previous session, it closed with gains primarily driven by IT stocks. The current R1 is placed at 22600, while S1 is positioned at 22250. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
These two patterns indicate a new strong trend is about to begin. Keep this stock in watchlist. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price has successfully completed its cycle of expansion and compression. And the price is trading in a small range during five trading sessions. From these levels the price has a high tendency to move in either direction. Keep an eye on this stock. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Base Zone : Uptrend Brick Size = 110 (Based on the Average Range) Entry Level = 4th Brick (22550) Stop Loss = 3rd Brick Low (22330) Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The nature and degree of separation in both bands indicates the price could resume its uptrend. On the upside the range of 10% could be tested. And on the down side the range is 9%. For a positional trade the level of 416 can be used as a stop loss and for target the level is 480. Disclaimer: This is my pre market analysis and my trading journal. Not a...
Today's Marubozu Candle confirms the breakdown of the triangle Pattern. The next important level to consider is 365.
Today we have a Breakdown of the STMA band with a strong momentum. The degree and nature of separation in both bands shows a bearish trend. So, I plan a short trade with a stop loss of candle high and target of recent low. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This is only for educational purposes. Thanks
Hello traders, Thanks for your support and love. Recently I got some questions on IGL, some of them are interested in bottom fishing and others want to accumulate at these levels. Before we start our analysis I like to declare that "I am holding this stock (IGL) in my personal portfolio.". Let's start our technical analysis. Time frame: Daily Chart type :...
Today the price has broken the support zone and Fib retracement level of 38.20%. Also, there is a good convergence in ema bands. The price could show the volatility of 5 to 6% in this range of Fib retracement levels of 330 to 315. On the breakdown of this range we got a clear short trade of 5 to 6%. If anybody wants to trade this range then the short strangle...
From 20 trading sessions the price has been trading in a range of two important Fibonacci levels. Also the short-term and long-term ema's bands are flattened in the same range. So, currently there is no trend. For an uptrend the price has to breakout the level of 5700 and for a downtrend the price has to breakdown the level of 5400. For another confirmation of a...
The price is following a symmetric triangle pattern. Now the price is trading near the lower leg and, the convergence and degree of ema bands also indicates a downtrend could continue. Also its important to mention that the breakdown or breakout of a triangular pattern indicates the start of an trend, but for confirmation of a downtrend the price has to breakdown...