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5-0-pattern

USDCHF pullback is in the offing, focus on SNB’s JordanUSDCHF prints a five-day uptrend to refresh the yearly high at around 0.9460. The pair’s latest upswing took place from the 21-DMA and monthly support line. However, the overbought RSI and April 2021 peak near 0.9475 challenge the pair buyers ahead of a speech from the Swiss National Bank (SNB) Chairman Thomas Jordan. Even if the quote rises past 0.9475, an upward sloping trend line from late September, around 0.9485, will act like a tough nut to crack for the bulls. Also acting as an upward barrier is the 0.9500 psychological magnet. Alternatively, pullback moves may initially aim for the 0.9400 threshold before testing the short-term support line surrounding 0.9350. Even if the USDCHF bears manage to conquer the nearby trend line support, the 21-DMA level of 0.9326 and the 0.9300 round figure could entertain them. It’s worth noting, however, that the latest swing low, marked on March 31 around 0.9195, becomes important support to watch during the pair’s declines past-0.9300. Overall, the USDCHF upside is likely to fade soon and hence today’s speech from SNB Chief Jordan will be important to watch.
by MTradingGlobal
SRFSRF Limited is a holding company engaged in manufacturing of chemicals and polymers, technical textiles and packaging films. Current price is more than the intrinsic value Stock has been generating better return on equity than bank FD Stock doesn't offer attractive dividend returns Low probability of default in next 12 months In last 3 months, mutual fund holding of the company has decreased by 1.26% PE Ratio 61.1 Sector PE 480.64 Largecap With a market cap of ₹73,192 cr, Over the last 5 years, market share increased from 3.63% to 7.35% Stock is 2.25x as volatile as Nifty Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:SRF
by SENSITRADE_T
JPPOWER -- POSITIONAL -- FLAG PATTERN BREAKOUT JPPOWER On Hourly chart today seen Flag pattern Strong Breakout at upside ..with strong volume, Todays sharp fall of nifty ..this stock seen good volume at long side.. RSI seen higher high at mid range and above WMA .. stock seen at strong trendline support at closing at upper channel line from this level stock can see good upside 20-30% ..1 month . Technical support resistance explain in chart/ BUY JPPOWER @ 8.70 TARGET 10-11-12 STOP LOSS 7.50 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk. !
NSE:JPPOWERLong
by champtrade111
5
Railway Track Pattern Railway track pattern Don't know how many are known to this pattern but in my trading years i have noticed that Morning star/Evening star and railway track patterns are the most seen candle stick patterns at reversals i personally trade this pattern in all the markets. Some even call this as order block. It doesn't matter what you name this pattern ... it works phenomenally 1. What's so special about this pattern : This is a confluence pattern, If you get to see bullish RT in 1hr TF if could be morning star pattern in lower TF and could be a bullish pin bar in higher TF, which means you are literally covering 3 time frames in just one pattern 2. Where to identify and consider the pattern: Majorly at support for bullish RT(Railway Track) and resistance for bearish RT could be any sort of Support Resistance and/or Pivots, look for the volumes for better confirmation. 3. Entry and Exit with SL : One can take entry with two different ways. Aggressive and Safe entry. If you notice the chart above there is a line drawn on the RT candle mid which will act as your entry for safe entry and SL will be the low of the candle in bullish RT and high of the candle in bearish RT Exit will be according to your trading style and timeframe used or take confluence from other indicators/price action These RT candle mid will be working as Support and Resistance in future. You can see the above chart for reference. Cons of the pattern : The pattern works well in all the time frames yet it has its pros and cons just like any other pattern yet they seem to be more informative. once you see Bullish/Bearish RT being failed there is 70% possibility That you will get to see a move on the other side. Concept is very similar to Block order / fulfilling left over orders. Lower timeframe signals are not that reliable in some markets but can be considered if used with confluence If the concept looks vague look at the chart above, This is just an idea, workout on the pattern and its probabilities before going live. Note : Just for educational purpose and not a recommendation.
NSE:BANKNIFTYEducation
by TeamTaurus
4
ALOK INDUSTRIES -- BULLISH W PATTERNALOK INDUSTRIES ..corrected from 35 sub level to 28.50 level and todays 1 hour candle form BULLISH W PATTERN ON CHART. stock seen trendline support as well as 200 SMA support at breakout line .. RSI at bullish from oversold level at hourly chart, From current level cmp 29.25 stock has potential upside 20-30% IN Short term. BUY ALOK INDUSTRIES. @ 29.25 TARGET 1 - 32 TARGET 2 - 35 stop loss 27 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..PLEASE DO OWN ANALYSIS ..! take call at own risk ,! HAPPY TRADING !
NSE:ALOKINDSLong
by champtrade111
9
BIOCON - Trade after Breakout.Dear Traders, As we can see Bio-con was in Channel Pattern and after it now it was consolidating in Triangle pattern. Today it has given Good Breakout with gap. Normally, people wait for gap to fill and after that they take the trade but here, buying is so good that people are buying without Gap Filling. Also, those who has patience and waiting for gap to fill will take trade during Retest. So, This stock is good for 1 to 2 moth holding. CAUTION : Please check Bank nifty and Nifty Charts before Taking any trades. As if they will act bearish our stock may too. Happy Trading Guys. And like if you like the Content.
NSE:BIOCONLong
by HanumanBhkt
HDFC --FLAG BREAKOUT - BULLISHHDFC find Flag Breakout Pattern on Daily Chart ..Stock corrected from 3000 sub level to 2500 level made double bottom around 2500 sub level and last candle on daily chart is BULLISH heikin ashi candle ..at exactly support 200 SMA , same candle breakout candle of flag pattern . this all indication of bullish trend onward. this Stock i good mid-term as well as investment pick can give 20-30% profit in 2-3 month mid -term. Techncial Indicators 1. Flag Pattern Bullish Breakout 2. Double bottom formation 3. 200 SMA support 4. Golden cross 5. MACD Bullish 6. RSI at Mid Range BUY HDFC @ 2710 TARGET 1 - 2900 TARGET 2- 3000 ( 2-3 Months ) STOP LOSS 2570 ** This idea can helpful purpose of study of Technical Anlysis ...please do own anlysis ..call at own risk. !! WISH YOU HAPPY TRADING. !!
HLong
by champtrade111