Hi Friends,
Another Great Setup that should definitely be on your radar. This is a positional trade with 20-25% STOPLOSS and a WHOPPING 125% TARGET
MAJOR LEVELS are marked on the charts and detailed explanation below. LIKE | COMMENT and SHARE your thoughts
1. UJJIVAN has been trading in a DESCENDING CHANNELS Since its INCEPTION
2. Has attempted to breakout...
Hi Friends,
Classic Setup , Learning on Pattern Failure and Sniper Entry in A Head and Shoulder Pattern Breakdown right at the Neckline. Will it BREAKDOWN ??? COMMENTS WELCOME
1.On the left hand side you'll notice a Inverted Head and Shoulder Pattern ( Red Fill) ; Took 1.5 Months for the complete formation and breakout from the trendline.
2. Text Book Pattern ,...
Hi Friends,
ARE WE READY TO SEE VALUE UNLOCK IN ITC | CAN IT RECLAIM ITS GLORY DAYS ??
All levels are marked on the charts. COMMENTS WELCOME
There is a lot of learning and analysis that I would like to share with you through this chart. Kindly switch to Weekly Time Frame for the Broad View and then zoom in on the Daily timeframe for the detailed picture
As per...
Hi Friends and Fellow Traders,
There is a very dangerous bearish reversal pattern , a potential "THE WIDENING TRIANGLE" being formed on NIFTY 1 HOUR CHART.
MARKET IS MOVING VIOLENTLY CREATING NEWER HIGHS AND NEWER LOWS BUT NOT HEADING ANYWHERE
THIS IS A CLASSIC DISTRIBUTION SEEN AFTER A MAJOR TRENDING MARKET
WHAT IS POTENTIALLY MISLEADING IS THE RANGE BOUND...
Long term weekly downtrend violated with todays close
Should sustain above this level at close of this week end (Friday)
Also closed above its long-term support and resistance zone
Has to clear the immediate resistance level for entry
Entry trigger; stop loss and target levels marked on charts
Long Standing and Well Respected Channel
Price May Retest the Support Zone
Double Levels of Confluence as stated above
Very Minimal Stop Loss
Great Risk To Reward Ratio
Wait For Level To Be Tested and Support Proven by either Candlestick Pattern or Strong Volume Candles.
A Perfect Setup That as a Trader One Should Look To Exploit !!!!
Bank Nifty has broken down from a symmetrical triangle pattern and breached the previous lower swing high
2 trading opportunities arise basis tomorrow's opening.
If first 15 min Opens with a negative close can opt for option 1
If first 15 mins Opens with a positive close and follows through with a retest and breakout failure option 2 can be deployed
Good R2R in...
BANK NIFTY is indicating towards a directional move in the coming sessions
Descending Channels OR Pitchfork OR Mean Reversion seen
A decisive close above 29 July Open should indicate beginning of a short term up-trend
All Levels are marked on the charts
Cautious traders can wait for a decisive breakout above 35000 or Retest of 34800 RANGE (after...
Hi Friends and Fellow Traders,
Key Levels Provided on the charts
Detailed Logic and Setup explained on the Charts
Entry on 1 Hourly Candle Closing Basis Only.. (DO NOT Rush in to your traders. Its a GAME of PATIENCE)
Cheers !
Happy Trading...
Hi Friends and Fellow Traders,
Great Breakout of Ascending Triangle Seen in Bank Nifty
We need confirmation of the momentum with a breakout of the immediate resistance level (Marked as our Entry Point)
We need an hourly candle closing above this level with increased volume activity
The Stop Loss Provided is conservative as per my trading style.
...
Hi Friends and Fellow Traders,
NIFTY has witnessed range bound session for the whole of June Series. Range of approximately 265 points.
It has come at a very good breakout level
Considering BankNifty has not HIT its all time HIGH , Momentum in BankNifty may propel Nifty towards 16000 levels.
Idea would be to take a strangle on Nifty with a range of 400...
Hi Friends and Traders,
Levels marked on charts along with 2 possible paths..
Bank Nifty is in a bullish formation. Further upside can be expected. Stop Loss need not be more than 100-150 points for Positional Trade since the momentum should ensure there is shallow throwbacks
Maintain Position Size as Per Your Risk Capacity ONLY
Always Trade with a Stop...
Hi Friends,
Watch and Enter on Breakout
All LEVELS marked on the charts
Price has re-entered the long term trendline
Ascending Triangle Formation completed
Resistance Level Tested Multiple Times.
Breakout this time would achieve Targets
Post your queries in the comments
Hi Friends and Fellow Traders,
Stock has broken out beautifully from the Weekly Downtrend
Strongly placed over an Area of Support
Consolidating in a Symmetrical Triangle
Price above 200 EMA in Daily (Which will act as second level of defense if Support Zone Fails)
In Hourly Timeframe : Forming a ascending Triangle
BUY on close above 250
Levels Marked on...
Hi Friends and Fellow Traders,
The Chart is beautifully setup for a breakout trade.
Good Support Build Up
Consolidation in Daily Price over 50 EMA For Last 4 Trading Sessions
Good Market Structure
Price Needs to Close above descending trendline
Good Risk To Reward Setup
Wait for the price action on a Hourly Candle Closing Basis
Enjoy !
Hi Friends and Traders,
All levels are marked on the chart.
Reiterating that entry should be on closing basis in 1H chart only.
Good Consolidation
Good Retracement
Breakout from Descending Trendline
Good Build Up
Small Stop LOSS
Great Risk To Rewards
Enjoy.. Comment if you have Traded !!
