Symmetrical triangle pattern reversal in GUJGASLTD. GUJGASLTD ( GUJARAT GAS LIMITED)
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Reversal of symmetrical Triangle Pattern.
📈It can give movement upto the Reversal target of 3250+.
📈There have chances of breakdown of support level too.
📈 After breakdown of support level this stock can gives strong down side rally upto -310.
📈 Can Go Short in this stock by placing stop loss Above 528 or last swing high.
📈 After breakdown this can give risk:reward up to 1:3+.
Analysis
Bullish flag pattern breakout in CUMMINSIND. CUMMINSIND
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Breakout of Bullish flag Pattern.
📈 Strong Bullish Candlestick Form on this timeframe.
📈It can give movement upto Breakout target of 1590+.
📈 Can Go Long in this stock by placing stop loss below 1225 or last swing low.
📈 Breakout this can give risk:reward upto 1:6+.
Swing Trade in Power Finance Corporation Ltd
Financials
Specialized Finance
Midcap
With a market cap of ₹28,037 cr, stock is ranked 174
Current price is less than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock offers good dividend returns
Good time to consider, as stock is not in overbought zone
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Triangle pattern breakdown in MINDTREE.In 30Min timeframe MINDTREE stock has given breakdown to triangle pattern with a breakdown entry below 3415- there are chances of going up to their Short target of 3250+.
Fundamentally good stock trading at the demand zone.Syrma SGS Technology gave a decent listing gain of 27-30% and thereafter went as high as 324 giving 78% returns.
This gem has corrected to 270 zones once from where it gained 38% and currently it is back at the demand zones of 270.
A Fundamentally good stock is available at nearly 50-60% less than its ATH. Can surely be accumulated for long and medium term.
Falling wedge pattern reversal in HEROMOTOCO.On 1h Time Frame Stock Showing Reversal Of Falling wedge Pattern It can give movement upto reversal target of 2640+. There have chances of breakout of resistance level too after breakout of resistance level this stock can gives strong upside rally upto 2900+.
[INTRADAY] #BANKNIFTY PE & CE Levels (20/10/2022)Today will be a gap down opening in BANKNIFTY. Expected opening near 40000 support Level. After opening if banknifty sustain above this level then possible reversal of 400-500 points upto 40450. And this rally can extend for another 400 points if it gives breakout of 40550 level. Any Major downside only expected in case banknifty starts trading below 39950 level.
Double Bottom pattern in ACCACC stock was trading in Falling wedge pattern for last few days on 1h timeframe. This stock has given a reversal entry from support level and reversal target is above 2285+(up to resistance level ) In case this stock is given a breakout then take breakout entry on the resistance level so this can be extended for up to 2360+.
Can we see some profit booking in Axis I know I know I know that price has formed a inverse head & shoulder and all
-->But if we observe recent rally there is no profit booking and price is at major supply zone.
--> We will get better RR ratio if we short here and if the plan works.
-->So Idea here is Sell CMP @812-814 level
-->SL - 820 level.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
--.If only price give closing above supply line then we can plan for longs.
What Type of Charts/Picks u want ?NSE:CANBK
Sharing levels on regular basis, keeps on my followers increasing and the messages too.
But when i see the boosting (LIkes) not able to see upto the mark.
Kindly let me understand what type of charts you guys are expecting from me, are my charts useful for your trades/study ?
let me know your views....
Based on your replies will try to refine the picks or analysis as per need. Expecting promt reply if my charts were useful, else kindly ignore and check this chart too....
Bullish flag pattern breakout in LTI.From last few day LTI the stock was trading in Bullish flag pattern in 1D timeframe and today the stock has given a breakout so its breakout entry can be above 4660+ and its long target up to 5835+
Falling wedge pattern ASHOKLEY.ASHOKLEY stock was trading in Falling wedge pattern for last few days on 1h timeframe. This stock has given a reversal entry from support level and reversal target is above 155+(upto resistance level ) In case this stock given a breakout entry on the resistance level so this can be extend for up to 172++.
Rising wedge pattern reversal in TATACONSUM.TATACONSUM stock was trading in Rising wedge pattern for last few days on 1D timeframe. This stock has given a reversal entry from support level and reversal target is above 870+(upto resistance level) In case this stock given a breakout entry on the resistance level so this can be extend for up to 1040+.
Nifty Short Term View.Things to Remember:
-->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash".
-->No one was correct/is correct or will be correct all the time.
-->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance.
-->With the same data / charts available there will be another analyst, he/she will be having other opinions.
-->So Trading is quite difficult.
-->So my plan here is to give my point of view and it will change with time accordingly.
-->Zoom in/out and keep the chart as comfortable as possible I have drawn as few lines as possible to make you understand
Nifty Short Term View:
-->What if 15200 is start of an impulse wave?:
-->From 15200 to 18100 level will be consider as an impulse wave(Green Eclipse) (itself having several sub waves in shorter time frames).
-->Practically after a wave 1 ,wave 2 will be a corrective wave and it can retrace back to any where near 38.2% to 100% of wave 1 .
-->Wave 2 will be a corrective structure of 3 sub waves. (WXY) as shown in the chart.
-->Now W wave has 3 sub waves and structure is completed.
--> X wave is sort of forming a horizontal triangle
-->Price touching "d" and retracing back to 17300 level will complete this triangle pattern.
-->If the triangle pattern breaks down as shown in the figure and if next wave "Y" can have a same projection as "W" then can complete following structure as shown in the chart
-->This will indeed complete the wave 2 of larger time frame by coming inside 61.8% od wave 1.
-->What if Nifty gives closing above 17430 - 450 levels ?
--> Better to cover all shorts and I will looks into my charts all over again!
-->In these volatility it's better to trade at the extremes with low SLs. Plan the trade Trade the plan
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.