ssvirdi

ssvirdi

Today we have a red indecisive candle with a high high and a high low. The price is rejected from the resistance level of 22300. Currently we are in a negative trend. I just need another red candle with a breakdown of the previous candle low to enter a swing trade. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

The follow up candle of the Hammer candle indicates the start of an up trend. The resistance level of 22300 is very important in tomorrow's trading range. For a good swing trade setup we need to wait for a clear and confirmed trend. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi

NIFTY (22,104) is currently in a negative trend. Hold short positions then continue to hold with daily closing stop loss of 22,226. Fresh long positions can be initiated if Nifty closes above 22,226 levels. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

ssvirdi Updated 

Today's Marubozu Candle confirms the breakdown of the triangle Pattern. The next important level to consider is 365.

ssvirdi Updated 

Trend - Negative All details are marked on the chart.

ssvirdi Updated 

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

ssvirdi

Price Action vs Indicators: A Fresh Perspective The comparison between price action and indicator trading has been a topic of debate for a long time. In this article, I aim to debunk some popular beliefs and provide traders with a new outlook on this ongoing argument. 1. Price Action is Better Than Indicators Price action traders often claim that their method is...

ssvirdi Updated 

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 :...

ssvirdi

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...

ssvirdi

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...

ssvirdi

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...

ssvirdi

Last week the price gave a momentum derived breakout of the triangular pattern. This breakout should end the long time consolidation in the stock. Now we have to wait for a breakout of the resistance level of 315. The breakout of 315 will initiate the uptrend. Potentially the price can test its high of 516, which is 64% from the breakout level. EMA Bands: Both...

ssvirdi Updated 

Cipla, the price is trading below the long-term group of ema's also we have a bearish cross of ema bands. The degree and nature of separation of both bands indicates price consolidation on these levels. So, we use Darvas Box to trade the instrument. Short Trade Setup The breakdown of 1145 will open the lower levels of 1080 which is about 5% Also we have a...

ssvirdi

The price declined about 13% from the high of 2631. Also the degree and nature of separation of ema bands indicates a downtrend. If the price is rejected from the level of 2362 then it will continue its downtrend. And for an uptrend the price has to break the resistance zone with momentum. It's important to consider, the long-term band is in the resistance zone....

ssvirdi Updated 

After making a low of 168 the price rebounds with a good momentum. Now the price has entered the resistance zone. The breakout of 178 will open the levels of 190. GMMA Indicator for Trend Signs: 1. The degree and nature of separation in the long-term group of EMAs indicates a pause in the long term trend. 2. The degree and nature of separation in the ...

ssvirdi Updated 

Swing trade setup for 5 to 6% Today we have a breakout of ascending triangle pattern and the price has entered the resistance zone. The breakout of 240 will open the levels of 255 which is a 6% move. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Thanks Er. Simranjit...

ssvirdi

The short term group of ema's shows some contraction in ema's indicates a pause in the uptrend. The price will resume its trend on the breakout of 365. It could be a good opportunity for a fresh entry in the demand zone of 345 to 350 with a stoploss level 335. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading...

ssvirdi Updated 

Ashok leyland opened flat but during today's session the price dropped more than 3%. A strong body red candle broke the support of 175.90 which is a shallow pullback retracement level of 23.60%. Also it's important to mention that the moving averages are in a bearish cross. So, all these indicate a downtrend. The next important level to consider is 166.80 which...