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Trend Analysis

Ross Hook pattern (simple) explanation using Bank Nifty D ChartRoss Hook pattern (simple) explanation using Bank Nifty Daily chart : We tried to explain Ross Hook pattern in a very simple way here taking Bank Nifty Daily chart as example. Ross Hook pattern can be termed as an extension/correction/advancement (as per me) to 1-2-3 pattern. The difference which can be noticed is hook kind of formation after point 3 where there can be couple of small candles which are formed to give a confirmation for momentum or price action. These small candle formation are termed as hook in simple terms and any upside (Bull pattern) or downside (Bear pattern) movement from these candle sticks will give good momentum and good risk reward. SL need to placed just below/above these small candles as per Bull/Bear formation respectively. Entry just above the candles/below the candles for Bull/Bear formation respectively and exit can be planned with a risk reward ratio of 1:2,3,4,5. In the given chart there are 4 Bull patterns (A,C,D,E) AND 1 Bear pattern (B) for your reference. For confluence the entry points need to looked along with RSI/MACD/Bollinger bands etc. Identification of hook is the key in this strategy. Once it is identified then the RR can be very good. Please do a back testing to identify these hooks so to get a good hold of understanding. Also ample time will be there when we notice these hook formation candles to make entries. Please do not get into entries with long candles formation as it might not be hook formation and we should avoid those entry points. SL is the key and it should be smaller, if this is kept in mind then identification of hook formation in candles can be easily identified. Some times point 3 can also be used for SL but we avoid taking that huge risk and want to move out when our analysis is wrong or the trend is in our opposite direction of our thought process with a small SL. Market gives us abundant opportunities and its believed that for every 8 minutes there would be an opportunity for every one to enter. Hence identify only those trends with small SL opportunity for planning an entry. This strategy works for all time formats and please remember identification of SL (which should be small) is the key (reiterating again) and will lead us to entry and exit points. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:BANKNIFTYEducation
by AdhigamaTrading
2
WaveTalks - Nifty: Channel Trading Strategy WaveTalks - Nifty: Channel Trading Strategy There are three (3) types of channels: 1. Ascending Channel (higher highs and higher lows) 2. Descending Channel (lower highs and lower lows) 3. Horizontal Channel (ranging) ------------------------- Ascending channel ------------------------- An Ascending channel is a pattern formed from two upward trendlines drawn above and below a price representing resistance and support levels The ascending channel is also known as a “rising channel” and “channel up“. Ascending channel has a rectangle shape (Current Case – Nifty / 20th Oct2021) --------------------- Trading Strategy --------------------- As long as prices remain within the ascending channel, the upward trend in price can be expected to continue. 3 Supports shown as 17613 – 1st Support / 17864 – 2nd Support / 18209 - 3rd Support When executing trades based on a trendline, it is important that the trendline is a valid one / How do you know it is valid – 2 points required to draw a trendline & 3rd point which is 18209 if falls & takes support then it confirms that the trendline is a valid one. So, Any Buy or Long Trades should be executed with stops below the trendline so 18209 is an important level. Traders can keep 18200 level which is a psychological level. ------------------------- Descending channel ------------------------- A Descending channel is a pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling channel” or “channel down“. ------------------------- Horizontal Channel ------------------------- A horizontal channel is a chart pattern formed from two parallel trendlines drawn above and below price representing resistance and support levels -------------------------------------------------------------------------- The Last Idea - Bulls Yelling The Excitement - Gap Strategy -------------------------------------------------------------------------- Hope you enjoyed selling at the tops 18600 for 18200 approx. Nifty Index took support in the 2nd Gap. Are You Ready for the Next Move?
NSE:NIFTYEducation
by WaveTalks
14
Bank Nifty !! Elliot WavesThe analysis base on Elliott Wave Theory in weekly and daily time frame. Elliott wave has three parts : a) Impulse wave (Point 0-1, 2-3, 4-5), which net travels in the same direction (higher high) as the larger trend, always shows five waves in its pattern. b) Corrective wave (Point 1-2, 3-4), on the other hand, net travels in the opposite direction (higher low) of the main trend. c) Followed by three waves in a correction (A,B,C) - Lower High and Lower Low. The Elliot waves combined with fib retrenchment give a broader idea to identify trend and reversal. Disclaimer : Consult financial advisor before trading. Thanks
NSE:BANKNIFTYEducation
by Indieconomic
1
BANKNIFTY Levels for Expiry Day !🛑in Yesterday market analysis i told that there's indecision between buyers and sellers at high level , and today also market is rejected from 38800 - 38900 levels and if you see the BANKNIFTY in Day frame chart we can clearly observe that it forming bearish candles at higher levels -in today market we can observe that there's is indecision between sellers and buyers at higher levels and Caution it is bull market (Showing that no more buying interest for Institutional traders and that can be confirmed by FIIs ,DIIs data these two were pulling out their money) -Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day - Bank Nifty WEEKLY Pivot is at 38800 🛑 keys Levels to watch out for day traders - resistance is at 39450 - 39850 -with the stop loss of 39700 - we can see target of 40000 - Support Levels is at 39400-39300 - with SL of 39500 - we can see Target of 39000 if you like it ,do follow for more have a nice day
NSE:BANKNIFTYEducation
by agasthya_d
NIFTY 50 crucial levels for Expiry Day! - i was keep telling that market is opening in huge gap up it is not a encouraging move for market , now filling those gaps - another thing to remember while investing in stocks , Smart money is moving away from market - Day Volatility is increased by Nearly 5% , if anyone taken trade without knowing crucial S&R they will hitted by SL -Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages - - WEEKLY pivot point is at 18180 🛑 Key levels to watch out for intraday traders :- - resistance is at 18470 - 18500 (here we can see ( option chain) more short positions were holding at 18500 CE) -with SL of 18400 - 18570 we can see as the target after breakout - support level is at 18200 - 18180 -with the SL of 18250 - 18100 we can see as target after breakdown if you like it do follow for more , Have a nice day ... Checkout this link for Market Psychology
NSE:NIFTYEducation
by agasthya_d
Nifty:WaveTalks-Bulls Yelling Excitement- The Gap Strategy!!! Bulls Yelling The Excitement- The Gap Strategy!!! When they come together, they are trying to tell you something. --------------------------------------------------------------------- 17950 – Critical Level: The Important Clue --------------------------------------------------------------------- From the last 2 ideas published at TradingView - Crossing above 17950 & not falling below 50 Period Moving Average provided dynamic support to the Index – an important pullback trading strategy that bulls use to participate in the bull run. 50 Period Moving Average shown as Flag Mark + Red Circle (Offered Dynamic Support) --------------------------------- Gaps Strategy --------------------------------- Gaps act as support & resistance which can be used as another trading strategy. Intraday today @ 19thOct2021. Gap 3 held as support & gave bounce from current day low @ 18400 to 18550+ which is currently in progress. -------------------------------- What Next? -------------------------------- Current Fall looks Impulsive in nature from the Highs of 18600’s in the opening session, If holds as resistance & falls below 18550(strictly) then Next dynamic support could be gap 3 once again & if it gets filled- 2nd support shall be close to 18275-18300 zone which is 50 periods moving average. If falls below 50 periods moving average Gap 2 & Gap 1 should act next supports. Thanks for reading!
NSE:NIFTYEducation
by WaveTalks
12
Multiple confirmation for breakout examples...Multiple confirmation for breakout (GBPJPY) : We want to share a perfect example of breakouts. There are multiple confirmation of break out on a daily basis for GBPJPY : • Flag pattern breakout • Double bottom breakout • Head and shoulder breakout • EMA 13 cross over of 50 EMA and recent support of 200 EMA twice Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
GEducation
by AdhigamaTrading
Few learnings I want to share taking Adaniports daily chartFew learnings I want to share taking Adaniports daily chart as example: EMA’s 13,50 and 200 are plotted in the chart. An ideal price should always be near to all EMA’s but due to demand and supply and various other factors, price revolves around the EMA’s. High demand or High supply will make these EMA’s move away from each other. But the fact is after some time they settle and come closer to each other. Smallest EMA moves faster and first than largest EMA which moves last and slow for all price action movements. These are the opportunities which traders need to profit buy entering at correct time to ensure appropriate and maximum profits are earned. It takes time, learnings, experience to understand these concepts for entry and exit. From 2021 beginning the price is ascending constantly and taking 13 EMA as support. Instead of 13 EMA, 20 EMA can also be plotted. 13 EMA helps us for a day trading as well as for short and long terms, hence we used 13, 50 and 200 EMA to address the needs of all types of trading. When ever price goes far away from 13 EMA/20 EMA, it will comes back to test or take support before moving on. If 13 EMA/50EMA are above 200 EMA its considered as uptrend and if they are below 200 EMA, its considered as downtrend. In the current example since beginning of 2021, price is in uptrend hance 13 EMA is above 50 EMA and these two are above 200 EMA proving the uptrend. Once price reaches its high or demand lacks, price wont fall suddenly, it will consolidate for some time and then inches to touch the small EMA, here its 13 EMA and takes support (17th Mar) and then goes for a higher high (7th April 20201 example). If 13 EMA support is broken then price tends to go and touch 50 EMA and take support (22nd April) and then makes higher high (7th Jun). After this price couldn’t sustain but with a huge gap down it went and touch 50 EMA and skipped 13 EMA. These gaps will subsequently gets filled, in a few day or few weeks or few months but surely gaps get filled up (example 17th Oct and 18th Oct gap filled up). When price tends to go lower and if 13 EMA crossed 50 EMA from top then higher chances of price to touch 200 EMA or at least it will go very nearby to 200 EMA before reversing. Flag pattern - Last two months (Mid Aug and Sep till Oct mid), we can see a flag pattern and it got broken on 13th Oct and price making highs covering earlier gaps. Now the probability of price touching earlier highs are very high. This is how we can use EMA’s to optimum and can have a proper entry and exit points for intraday, short term or long term trading. Wicks – Now let’s talk about wicks, some people consider them and some won’t consider. Here we considered wicks and some learnings we want to share. When ever we see big wicks it means there are traders to buy or sell in that wick space. This means eventually that wicks will get filled up. Example, if you see 7th April/16th April there is a long wick on the up side and eventually it got filled up in over May period. Color of candle doesn’t matter here when big wicks are made. Same way 14th Jun a hug wick on down side and got filled in couple of days. Fibonacci – Two Fib levels are plotted to see how price respects them. 0.382 and 0.5 are crucial for a retracement and if support taken then price can move up. At the same time 0.618 if broken then the trend in retracement will continue. Hope above information on EMA, wicks, Fib levels along with a flag break out example and also a trending up and down market we could learn from this example. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:ADANIPORTSEducation
by AdhigamaTrading
Triangle Breakout - FII/DII InvestingCanara Bank has a strong PE ratio advantage followed by increasing stake of Institutional Investors in Sept Quarter It recently broke out of its Traingle Pattern and has shown some upside. I recommend buy on dips and hold for gains in mid to long term. The P/B Ratio is below 1 and there is less risk involved comparitively as PE ratio is also half of that of peers. A strong quarterly result can also boost the share price, it might to interesting to see if a pullback from such RSI comes soon. Note: This is only for Educational Purposes. Please do your due diligence before taking a trade position. Keep Learning :)
NSE:CANBKEducation
by Aayush_Rungta
Pullback Strategy - Price Action + IndicatorsRPSG Ventures is an Indian Co in the IT sector It has witnessed unusually high trading volumes in the recent months in spurts which have been synonymous with 25% upside In the short term, we can see that the size of red candles almost decreased to a Doji and the share gave signals for a pullback from .628 level with a strong green candle. The volume during the pullback phase was very dry, showing pretty strong pent up demand. EMA 21/50 have been good supports during pullback. The level we are looking at also bounced from EMA 21. RSI is above 50 and not overbought yet. MACD also seems ready for a Bullish Crossover. It might be interesting to see if the trend is repeated with a strong green candle anytime soon. The sentiments seem bullish as of now. Note: This is just for educational purposes and not a trading advice. Please do your Due Diligence before taking any trade position. Keep Learning :)
NSE:RPSGVENTEducation
by Aayush_Rungta
Dont be a BEAR or BULL be a BEBU(Mix of Both) with ART PRINCIPLEAfter KISS PRINCIPLE( Keep it simple and Straight) i am introducing ART ( Art of Riding Trends) PRINCIPLE based on riding with Trend From last 45 days Banknifty is trading in and demand/supply and upper wedges 1st sell entry is from TOP of wedge to Demand zone acted as Exit point (and our 1st Buy Entry point) 2nd sell entry is from TOP of wedge/supply zone to Bottom of wedge acted as Exit point and (our 2nd Buy Entry point) 3rd sell entry is from supply Zone to Bottom of wedge acted as Exit point (and our 3rd Buy Entry point). So GUYS be Smart enought to sail with the Trend with ART principle be a Artistic and Smart Trader Banknifty OCT FUT WEEKLY Trend Analysis for 17/10/2021 to 22/10/2021 Buy Above – 38810 TGT-1 39040 TGT-2 38400 TGT-3 38600 TGT-4 38800 TGT-5 39000 ( Max Upside 40400) Sell Below - 37530 TGT-1 37410 TGT-2 37350 TGT-3 37090 TGT-4 36830 TGT-5 36670 ( Max Downside 36250)
NSE:BANKNIFTY1!Education
by amittah
INVERSE HEAD & SHOULDERS PATTERN... NIFTY PHARMA!Inverse head and shoulders pattern is considered a bullish reversal pattern. A breakout of the neckline after completion of the right shoulder triggers the rally in the underlying script. In individual scripts, the breakout can be confirmed with good volumes traded. The share price can retrace and take support at the trendline (the resistance line now acts as support). This is the next confirmation of the bullish trend. The distance between the head and the neckline if projected above the neckline can be considered as the target ahead. In nifty pharma, the index has been consolidating for almost 4 months now. A clear breakout of this neckline can be seen. The index also shows a retest of the trendline and looks like the rally has started. The target should be 15550 (calculated from the height of the head to the neckline). Happy trading!
NSE:CNXPHARMAEducation
by Stock-Holmes