Hello traders! 1. I see a clear 5 wave impulsive structure and then a correction to 88.6% Fib . This is important as most 2nd waves tend to move till 78.6% to 88.6% Fib. 2. We also have a confirmation of a double top candle pattern in 30min tf. 3. The expected target can reach 161% of wave 1 and 2 after using trend based Fib extension. This is because most...
If you have a plan trading EUR pairs, i suggest you to try paying attention to EURNZD
Nifty is steadily moving upside with vix also dropping near 15.5 which shows that there is high optimism and stability in market. Now for this week we have lot of events such as FED meet and surprise RBI press conference. So if there is any unfavored announcement in both of these events then vix would shoot upside to 17-18 range. And that would be the indication...
With nifty almost filled gap and closed above 17000 big round levels shows some strength for next 2 days. Though a close below 17025 might give another downside again. So will trade cautiously and with according to these levels only. Happy Trading :) Disc: Chart posted only for learning purpose.
Shooting Star H1 target achieved. Now it's forming bullish harami in 30 mins time frame.
OANDA:XAUUSD Market is Ranging between 1804.743 and 1797.717 There is a Buying Opportunity above 1805.314 And a Selling Opportunity below 1797.066 Wait unlit it breaks these levels or 30min candle closes above this levels. Trick : For impulse entry trade at London or NY Timing, When 30min candle cross these levels switch to 1min or 5min time frame for best...
OANDA:XAUUSD Market is ranging between 1806.356 and 1802.596 There is a buying opportunity above 1806.163 And a selling opportunity below 1802.073 Wait unlit it breaks these levels or 30min candle closes above this levels. Trick : For impulse entry trade at London or NY Timing, When 30min candle cross these levels switch to 1min or 5min time frame for best...
Good morning Traders! Hope all are having a great weekend so far. Looks like ETH could be in the process of forming a CUP AND HANDLE pattern on the 30min timeframe. If this pattern holds true to the C&H, we can see ETH push to the first TP, small corrections and then a push to ~2250. This would complete the RIGHT SHOULDER for the possible HEAD AND SHOULDERS taking...
Good morning traders! Hope all is having a great weekend so far. MANA has been channeling upward, possibly forming a cup and handle pattern. RSI has plenty of room to push to the first TP. If this pattern takes further shape, we could 1.00 within the next week. Will be keeping an eye on this possible option for opportunity. Would love to hear your thoughts! TP1 -...
Hello Guys! Guys has per my knowledge EURUSD may move in downward direction. If it break that box which is In pupal color then we can go for short position. Notice:- 1.Trade on your own Risk. 2.If their is any corrections in my analysis or is their any more confirmation then please let me know🙃🙃.
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SRTRANSFIN has been respecting it's resistance for a long time. It has respected the same resistance level for 3 times & now it's the 4th time it's testing the same resistance. Looks like the price has already given a breakout. This can be good opportunity to go long on SRTRANSFIN with SL on nearest swing low. This can be considered to trade intraday as well as...
We can observe a channel in TCS in 30min timeframe. Also it looks like a pole & flag pattern. There are high chances for TCS giving breakout in coming trading sessions. You can add this stock in your watchlist and keep track of it. You can initiate long position when price crosses the high of breakout candle with the sl of nearest swing low. Risk management is the...
BAJAJHLDN made a triangle pattern in 30M and is about to give a breakout to either side. It can be a good intraday trade and a positional trade as well if it gives a bullish breakout. You can initiate your position in trade with a SL of nearest swing. Happy Trading!
DLF is showing a head & shoulder pattern in 30min timeframe. It could be a good intraday trade in it breaks the neckline of the pattern. You can place your SL above the nearest swing high. Always keep your risk managed. Cut your losses quickly and ride your profits. Happy Trading!
This is BPCL in 30min timeframe. As you guys can see it is travelling in a channel. There are high possibilities of it giving a breakdown in the coming trading sessions. Even nifty looks weak as it is approaching overbought zone. A correction in nifty will result in correction of the stocks as well. BPCL is one of the stocks that will correct if nifty corrects....
ABBOTINDIA in 30min is showing triangle pattern. Now I know all the people watching these ideas are retailers and won't find it sensible to invest this big amount in one share. If you trade regularly, you can add ABBOTINDIA on your watchlist and keep an eye on it's movement. You can capture the breakout in intraday as you will get some leverage there and can get...
As per 30 min chart technical analysis , my own idea is bank nifty will come to down morning first 30 min it will reach (5th wave) 30449 then second 30 min retrace 3 rd 30min may forms touch the previous high 30449 then it may come to downward . This is reference for awareness to loss Becare