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AB=CD

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 :)
NSE:NIFTYLong
by Sanjan91
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..
MLong
by Rvkachhadiya
HERO MOTORCORP - BULLISH ABCD AND BAT PATTERNSHero Motorcorp is at an important demand zone. If the price bounces off of this zone, then consider taking a long position. However, due to bad results if the price manages to slip below the demand zone, then open a short position. The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B (2781) Similarly, the ABCD pattern starts to form if the price closes below B (2636), the loop will close at the D (2506). Please understand the logic and trade accordingly. Happy trading :) This is just for educational purposes.
NSE:HEROMOTOCO
by Sanjan91
BANK NIFTY AT A SUPPLY ZONE. DEPENDS ON THE RESULTS.Bank nifty is near its swing high, it may take a correction or take out the supply zone with the short covering moves. Here we analyze the PSU bank index, Private bank index, and ICICI bank to see what could be the scenario on Monday. Today, we have ICICI bank's results which decide the Bank Nifty's run. In the above image of the PSU bank index, we can see that the breakout has yet to happen. The breakout point is B. The supply zone is also 5% away from the breakout point. Anyways, the PSU bank index won't be of much help as PVT bank contribution in Bank Nifty is nearly 87% and SBI alone from the PSU bank sector contributes nearly 12.5% Out Private bank sector, ICICI is the second-highest contributor with nearly 21%. It is important for us to know where the PVT bank sector index and ICICI bank are standing right now. In the above image of PVT bank index, we can see it is almost at the supply zone. It is very critical to have good results or else shorts could enter here. Here's the ICICI bank index, it is trading above the monthly crab pattern's terminal price. Here it could be dangerous either for the longs or shorts. A rapid movement could come in any direction. ICICI results could play an important on Monday but there would be other private banks that could cover the loss by reaching the expectations in case ICICI fails. This is just my analysis and for educational purposes.
NSE:BANKNIFTY
by Sanjan91
Bitcoin USDT price action analysisHere's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone. This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally. However, if the price crosses the 67K mark we can see the uptrend to be resuming again. Happy trading :) This is just for educational purposes.
by Sanjan91
HIND COPPER PRICE ACTION ANALYSISThe hind copper stock price has been falling heavily since it reached the ATH mark. However, the time has come to buy the stock based on the following reasons. 1) The demand zone is created by the ABCD pattern 2.24 and 2.414, the price bounced off this zone with huge volumes. 2) The price is near the 200EMA line, which is 117.17 currently. 3)The RSI is making the higher lows and is above 50. 4) The company's profits are increasing but the price keeps falling. The risk-reward near this zone is attractive. We can keep a stop loss at 99. The target could be 158. Happy trading :) This is just for educational purposes.
NSE:HINDCOPPERLong
by Sanjan91