Interesting twists, who is taking action and why?There is lot of twists herein:
By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs chart.
Very interesting:-
Who is selling?
Why selling?
Insider created fake break-up?
Investors will wait for new New low...!
War begin s between buyers and sellers:
Support has been already taken and price tries to move toward the control price.
Action
Tatasteel footsteps for you...!Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold ( Friday )
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Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to buy.
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tail is not valid for buy:
Torrent Pharma looks weak below 1900.6. sl 1956.3 For more details subscribe our youtube channle ( Technicalanalysisworld)
INDUSINDBANK chart for 21-JAN-2020Pre-Open Stock Chart-2 #INDUSINDBK
Yesterday after giving Down-Trend, it has been settled in the zone 1326-1335 in last couple of hours. Multiple times it tried to break the range but fails every time.
If it is able to sustain below CZ Zone, it can easily go till 1320-1310 zone.
Buy Setup can be only initiated after break of trendline and CZ
#LearnWithKRMG
Titan go long in buy option and wait 3 days only...price actionAs clear double bottom base formed ...Triangle breakout is clear ...channel breakout is clear......
Go long and keep for 3 days max in between can book profit.....high probability trade
Gateway Distripark(GDL): 1W - Nice price action candles.I analysed this stock on wave counts based on a request from my friend. As per my wave counts this stock seems to be bottomed out at 83. Apart from wave counts, nice price action candles makes this stock a good investment candidate. A nice bullish DOJI followed by two bullish candles, all with high volumes in the weekly chart along with rsi divergence should attract an investor.
Good for long term and also short term. Short term (about 3 months) 150 and above.
Long term target is 500.
HINDALCO LONGLong can be taken at 198 with stop loss at 178 for the target of 240.
Disclaimer- This is my personal view, please consult your financial advisor before investing.
Axis bank LongAxis bank is consolidating around 730-734 price levels. Long can be taken around 730 with a stop loss at 695, for the target of 800.
Disclaimer- This is my personal view, please consult your financial advisor before investing.
Nifty Bounce Back from Support LevelNSE:NIFTY Immediate support zone@ 11110-11140
Immediate resistance zone @ 11700-11720
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BANKNIFTY Price Action Trading Method
As per the analysis, market in a neutral zone TOWARDS BEARISH SENTIMENT .
This SUPPORT & RESISTANCE works live and expect a reverse from RESISTANCE ZONE .
Probability :-1
For 13th Friday , there will be a Shorting Opportunity from the Resistance.
SELL AT HIGH , BUY AT DIPS.
BANKNIFTY Price Action Trading MethodAs per the analysis, market in a neutral zone, heading towards bearish sentiment
This SUPPORT & RESISTANCE works live and expect a bounce back to that levels.
PROBABILITY :-1
For 10th Tuesday, there will be a Shorting Opportunity if market open and close BELOW 9th Monday Close.
Take ABOVE LEVELS AS RESISTANCE.
PROBABILITY :-2
For 10th Tuesday , there will be a Buying Opportunity if market open and close ABOVE 9th Monday Close.
TAKE BELOW LEVELS AS SUPPORT.
SELL AT HIGH , BUY AT DIPS.
LONG CHANNEL WILL WORK ????? LEVELS IN CHARTCHANNEL TRADING BUY AND SELL ...PULLBACK ENTRY SWING TRADE..LEVELS IN CHART
NSE:MOTHERSUMI
ACE Overall BearishStock is in downtrend and near support. May give a bounce from here.
Short Term Support : 86 - 88
Medium Term Support : 76 - 78
Long Term Support : 56 - 58
It's a bullish signal in the coming months in my opinion.It will retest the dark shaded area to continue up to 1.4000 area for long term
USD/CHF Technical analysisThe 1-hour chart of USD/CHF indiacates that the pair is currently in downtrend.
The pair broke the support the 0.99366 and it made a sell off.
The pair is currently making a retracement of 61.8% and we expect the bears to return in the price zone of 0.99366 which can act as a resistance.
GBP/AUD Trade opportunityThe day chart of GBP/AUD indicates that the pair is currently in downtrend.
The pair made a strong downside move and is now currently making a retracement(50%).
It also coincides with the strong resistance zone and the pair is currently facing resistance based on price action.
Hence it is a good time to initiate a short trade.
Lupin LTD is set for Bullish - Very Good Risk Reward Ratio Lupin LTD:
- It is retracement 76.4 % move to previous high 2122.00
- Looks like double bottom (reversal pattern ) on Weekly chart
- Very Good Risk Reward Ratio
Trade With Strick stop loss
Best Wishes
* Divergence at Potential Reversal Zone *Moving in a parallel Channel, the prices are showing divergence. Incidentally prices are also in a Reversal Zone based on M_PL. It seems that stock is getting ready for an up move. Buy on closing above 348 with Stop loss of recent low or as per your risk taking capacity.
Disclaimer : All stock recommendations and comments are my personnel view. please take financial consultancy for trading decision.
SHORT: Multiple Resistance Zone Action Reaction is beautifully aligned with the down sloping Trend line. RSI is in overbought showing divergence. Set up seems to be ready for a short and let's hope for a good trade.
Borosil Glass: Action-Reaction & BreakoutThis is a follow-up to the previous idea. The action reaction lines are holding up well. The breakout today from the trading range is positive development. The volume spike is interesting too. Am long this stock and happy with the move today. Hope this continues...
Birla Corp: Action-Reaction Lines The thick green lines are basic Action Reaction lines. Andrews Pitchfork is a subset of these Action-Reaction lines. Things look bullish whichever way we dice this chart. Am planning to buy at least a token quantity in this stock today !
Plan your trade & position-size judiciously !!
