NAUKRI Completed retracement of 0.886 on 1 hour chart. Also trading below the AB = CD Pattern. Probablity of trading at 3560.00 gets high on bounce. Positive candle on one hour chart to be noted at this level.
Long term portfolio holder might get a chance to exit at around 1020. Best to short at any level above 1000, SL 1100. I know that's a deep SL but if trade goes in favor then a good risk to reward. If neckline broken at 690 then T1 = 500, T2 = 340. I am not an advisor or a consultant. This is just for purely educational and a future reference purpose.
Comments in the chart
CMP 298. Lines shows support and resistances as of today on a weekly chart.
NSE:GMRINFRA INVESTMENT IDEA // MULTI-BAGGER DISCLOSURE & DISCLAIMER ➢ AT CURRENT PRICE LEVELS THIS IDEA IS FOR EDUCATIONAL PURPOSE ONLY. DEPENDING ON THE FURTHER PRICE MOVEMENT IN COMING WEEKS OR MONTHS, I MIGHT POST A BUY RECOMMENDATION, ONCE IT FULLY MEETS MY CRITERIA. YOU CAN FOLLOW ME FOR ANY SUCH POST IN FUTURE. ➢ ALL MY IDEAS AND RECOMMENDATIONS ARE...
it seems bharti may take ultimate support at the support line shown in the chart. if not tomorrow may be after some days.
Strategy explained in detail on the chart.
JAMNAAUTO has completed a 5 wave rally and it shows signs of 3 wave correction and it is first wave of correction. it also formed double top at 52 level. it may retrace upto 40 level. which also equal to 20% correction. more over it has broken support trendline on 1h chart.
Look at the movement of the price from the chart. Is it amazingly good. All we need to do in this chart is for years we would have been went for buy at support and sell at the trend line resistance. It works all these years perfect. learn technicals and enjoy each and every trade you take. Tradersasi.
On Sep 4, 2020, the first day after massive fall, Nasdaq touched the lows of 11,146 (5.3% low from the previous day closing), the low price however faced rejection and market closed at 11,622.10, down by 1.27%. The close was at the support line connecting the pre-COVID fall highs on Feb 19 with the lows of Aug 21 (Shown as B line in charts). Traders and analysts...
Patterns are the pictorial representation of the psychology behind the market participants. Whether it is a channel, rectangle, expanding triangle , contracting triangle. The charts shows how a downtrend prevailing in the stock coal india since few years. All the patterns formed are of a berish note & the trend continued. The current structure also forming a...
Nifty finally broke the narrow range on upside and crossed the resistance level of 11,537. With this narrow range breakout Golden crossover of DMA50-DMA200 stands confirmed. Signals like MACD in positive zone, bank nifty closing very strong, Nifty closing high with higher volumes and India VIX at its lowest level in the last 6 months indicate that Nifty will...
Example of a bullish symmetric triangle breakout on BankNifty as observed on the 15 min charts. As the price moves between the converging trendlines, the point closest to the tip of the triangle, presents a good entry point to go long. The stop loss for the trade was the previous swing low and the target was the day's high. Giving a good 80-90 point profit, with...
Last week, I had posted charts of COALINDIA forming a descending channel and also predicted a breakout in the coming days. Here it is, this may not be like a 5-10% trade or something. But a 2% is enough for intraday. The trade involved no risk and very easy to spot as the volume rocket from 100k to 2.9M as the breakout happened. This was to show the power of...
Escorts is very strong on monthly , weekly and daily charts. it is forming a triangle pattern right now. although it had not shown a breakout yet , but it may soon do . Keep an eye on the stock.
Eicher motor is standing at a resistance on weekly charts