** NIFTY & BANKNIFTY TRADE SETUP FOR 17 JUNE EXPIRY ** When you eat a lot of sweets,doctor says 'Stop now else you will have diabetes'
When you drive too fast in the city, Traffic police says 'Stop now else you will die and pay challan'
Likewise,for a reason you need to trade with stop loss in stock market else one day you will lose all your money.
- ABHISHEK KAR
MARKET ANALYSIS AND PREDICTION FOR 17.06.21 (THURSDAY ) EXPIRY
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* NIFTY 50 *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 15721.30-15733.55 | 1ST RESISTANCE AREA : 15762.95-15780.90
2ND SUPPORT AREA : 15653.35-15666.45 | 2ND RESISTANCE AREA : 15825.25-15841.60
3RD SUPPORT AREA : 15597.85-15611.55 | 3RD RESISTANCE AREA : 15887.05-15902.00
PIVOT AREA : 15797.00
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 34759.15-34825.30 | 1ST RESISTANCE AREA : 35081.10-35137.40
2ND SUPPORT AREA : 34473.90-34555.85 | 2ND RESISTANCE AREA : 35274.50-35352.85
PIVOT AREA : 35009.0
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EXPECTATION : NIFTY MIGHT BE RANGE BOUND AND FLAT .EXPECTING A BEARISH MARKET FOR TOMORROW.
NO FALL NO BIG MOVE I AM EXPECTING .BANKNIFTY IS WILL ALSO BE FLAT AND RANGE BOUND.
EXPECTING A CALM MARKET AND OPTION DECAY MARKET .
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** LOOK THERE ARE OTHERS THINGS THAT WE LOOK UPON WHILE TAKING A TRADE . TO LEARN PLEASE REGISTER WITH US.
WE SHARE OUR PICTURE PERFECT SETUP WITH OUR REGISTERED CLIENT CUM INVESTORS IN MORNING SHARP AROUND 8 AM.
WHETHER THERE WILL BE A GAP UP OR GAP DOWN WE SHARE THERE.
EVEN THERE ARE STOCK SPECIFIC F&O TRADES TOO. **
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If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
Action
TRIANGULAR-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
OBSERVATIONS-:
1. Triangular Breakout and then resistance at 1024 level.
2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened.
3. So the current could be a consolidation->breakout=long position.
ENTRY-:
Confirmatory breakout above 1024 level.
TARGET-:
Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1450
STOP-LOSS
865 is the best recent support level tested multiple times. So stop-loss somewhere around that level.
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:KAJARIACER
ACCUMULATION-TRIANGULAR-BREAKOUT-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place.
OBSERVATIONS-:
1. Triangular Breakout and then resistance at 884 level.
2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened. This time its highest.
3. I would bet another round of accumulation is happening. So breakout above 884 level will confirm the accumulation and long position can be taken
ENTRY-:
Confirmatory breakout above 884 level.
TARGET-:
Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1270.
STOP-LOSS
784 was a short-term resistance level. So somewhere below 784 would be a good stop-loss. Keep trailing stop-loss
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:ADANIPORTS
APLAPOLLO,TRIANGULAR BREAKOUT, PRICE-ACTION,VOLUME-PROFILE 1DDisclaimer -:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile -:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
Firstly
NSE:APLAPOLLO has been rising smoothly for a long while now. In between small accumulations have taken place, marked in violet regions where volume was significant as shown by volume profile. Recently a triangular pattern was spotted with trend lines tested at least 3 times (4). As a result those are strong trend lines and if broken have a nice chance to continue the up-move.
Recent volume inside the triangular region , marked in violet in volume profile is not so high compared to the volume that happened during huge accumulation which confirms that the current region was a pause and not a distribution.
If it were distribution we would have a huge selling volume at least of the previous accumulation magnitude.
TO SUM UP
1. Triangular pattern in 1D timeframe with trendlines tested at least 3 times
2. Previously a nice uptrend
3. Current region is just a pause
4. So continuation of trend expected after the breakout.
TARGET WITH LOGIC
2-3 accumulations have happened since the uptrend started. Regions marked in violet.
So since the current volume is comparable to region between 15Oct-8Dec 2020, it makes sense to assume that the trend continuation will be longer than what happened since then because there has been another accumulation 1Jan-2Mar 2020 after that.
That is more the accumulation, greater the strength, so the more the move.
So I used a Fib Extension from that level till now and chose a 168% as target.
But this target is above all-time-high so its a provisional target level.
Entry
Confirmatory breakout above 1400 level in 1H timeframe or as per your strategy. But confirmatory breakout above the 3 times tested trend-lines is mandatory and less riskier.
Stop-loss
A conservative stop-loss will be better since the triangle is a very narrow one.
Since 1050 is a nice support levels and just above the previous accumulation during 1Jan-2Mar 2020, so i would prefer the stop-loss around that level.
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
Note-: it gave a nice breakout recently in 1H timeframe and has retraced a little. For those who are already in, it seems like breakout was not fake and there is high chance the breakout will continue since the retracement was weak on price action and volume
For those who haven't taken position wait for the next breakout to avoid unnecessary risk.
**IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMPS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :)
**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
NSE:APLAPOLLO
Kotak Mahindra Bank swing trade Kotak bank swing trade with high risk-return ratio, fundamentals of Kotak bank are also very good and I am bullish on bank nifty if the bank nifty has to perform then Kotak will play a major role in accomplishing the same.
I have applied simple price-action, also ema200 is giving good support. Open to suggestions.
CCL Products Trend AnalysisIt has been flat for years now, with a very strong range which is highlighted in the chart, if it sustains above 321, then it can give a short target of 354, after which it may rise high and higher dud to its business (not going to discuss about the business as it's a separate topic altogether).
HDFC - Symmetric Triangle FormationSymmetric Triangle formed here can lead stock for an Up move to the 2617 as we can see Resistance line.
So If triangle breakout successfully we can get our first target for short term (1-2 weeks) at Price level 2617.
Next target can be 2765 & 2896 (For long term)
If pattern breaks down, stock can take support near 2364
** NIFTY & BANKNIFTY ANALYSIS & PREDICTION FOR 17 MAY TOMORROW * "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Nifty & BankNifty Outlook for tomorrow – Positive and might be Flat and Range bound on 5 min Time Frame .
Nifty Next Key Levels –
Resistance zones:
R1: 14690-14710 R2:14771-14789 R3 14846-14863
Support zones:
S1: 14630-14611 S2:14527-14545 S3 14450-14463
Points to Look Out –
1. Bond Market.
2. Global Market.
3. INFLATION & Rising Covid Cases.
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
** NIFTY & BANKNIFTY ANALYSIS & PREDICTION FOR 10 APRIL **Risk comes from not knowing what you're doing.
Be Dynamic and Systematic in your Trades. Because the Market is Dynamic. Its nature changes every minute.
NSE:NIFTY NIFTY & BANKNIFTY Outlook –EXPECTING A FLAT MARKET RANGE BOUND MARKET FOR TOMORROW on 5 min Time Frame
Market’s Next Key Levels – HAVE BEEN SHAFED IN THE VIDEO
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.