AB=CD
Nasadaq Index Analysis - Harmonic Pattern Dow Jones and Nasdaq have given a clear positive outlook. Nasdaq has formed a perfect ABCD pattern and has given clear break out at 61.8 Fib level.
This indicates that the US market looks positive and hence i see an up-move in the Indian indices as well.
The targets are as mentioned on the chart.
This is for educational Purpose only.
dhampur sugar millshare name : dhampur sugar mill
call type : poistional
- share is consolidating in a tight range from a
very long time and forming a descending
triangle too
- We can see a clear breakout on descending
triangle and range too
- we can accumulate this share above 345 level
with target of 400 and 472 with sl of 300
thanks
#Astral Ltd Bullish ABCD formed for Swing TradeHello Everyone,
Astral Ltd formed a bullish ABCD Pattern.
We can go long with Stop loss of 1764 on daily closing basis.
Targets will be as below:
1st Target: 2030
2nd Target: 2150
3rd Target: 2235
Please like and comment if you like the idea.
Happy Trading!
NIFTY PRICE ACTION ANALYSIS | ABCD PATTERNIn the hourly timeframe, we can clearly see that the downtrend has been changed to an uptrend and is continuing. A correction up to point C (higher low) is seen and then the price is trying to break point B ( breakout level- trying to make a higher high).
If the price sustains above point B, then we can see the price going to the supply zone shown on the chart. This zone is formed by 1.618 and 2 fib extensions of BC.
Tomorrow being a budget day, if the market sentiment remains positive, the price may go up to 17550-17670.
Trade with caution and this is not investment advice.
Happy trading :)
MINDTREEWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
nbcc india ltdshare name : nbcc india ltd
call type : poistional
- share is forming a descending triangle
- a good consolidation can bee seen between 50
and 40
- 50.50 is acting as a good resistance, if 50.50 is
taken out we can see the targets of 60 and 69
- we can accumulate this share above 50.50
with sl of 46
thanks
CCL Products Indiashare name : CCL Products India
call type : Poistional - Swing Trade
- Share is consolidating in a good range from a
long time in between price of 421 and 360
- We can see a good breakout in this share
- we can accumulate this share above 421
- Approachable targets :
first target 490
second 575
third 625
Stop loss 355, Risk reward 1:3
Thanks
NIFTY FUTURES NOVHuge selloff seen today (and in past few days) in NIFTY taking down nifty below 17900 levels
ABCD pattern observed.
NIFTY FUT can bounce from 17813 levels and can come near 18400 - 18600 levels in coming days.
NOTE: View not valid if nifty fut closes below 17800 on daily time frame.