Analysis
JSW STEEL WEEKLY BREAKOUT# JSWSTEEL
- Cup & Handle Breakout
- Trading in HH-HL Structure
- Volume Rising with Breakout
- Strong Bullish Momentum
- Buy Above 686
- Stoploss 662
- Targets 790
#Investing
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btc the daily horrible analysis lower prices look very real hi guys
just a quick overlook on the daily btc chart from ath horrible sight to see three bear flags one after the other inside of a falling wedge since atheach time we broke previous flags we had near enough the same drop of around 45% we have broke out of our latest flag are we going to see another 45% drop in price to the 14k mark its possible given the conditions we are in or even are we going to see a double bottom form at 17k then bounce do i think the bottom is in i dunno it looks unlikley whilst weve been in our recent bear flag we have had a msb creating an order block just below bear flag we are in that ob now and testing the .38 trend fib from recent drop from previous flag 19k is critical for us i think over the next week im hoping we can bounce if we do bounce id think we will make are way back to the top resistance level of bear flag not all at once also an inverse elliot wave predicts this move too hopefully bulls come back and sort the job out
or are we just clutching at straws
thanks guys scopes
Head and shoulder pattern breakout in HDFC.Discription:
Stock Name: HDFC
Chart Pattern: Head and shoulder pattern
Time Frame: 1 Hour
Entry: Breakout entry above 2445+
breakout target : 2558+
btc inverse head and shoulders so yesterday morning i marked this symetrical triangle out traded a long as it was forming the head (which i didnt know at that time) knowing that this triangle would break to the up well have a better chance to break to the up rather then the down woke up this morning its smashed through the triangle giving a 3% gain/rise retraced back down to make a hl and use the traingle upper level as support at the same time made an inverse head and shoulders so if we play out the way that these patterns normally play a long would be good to around the 21200k mark
thanks guys scopes
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TATA CONSUMER PRODUCT Wait 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..
BankNifty Expiry Setup 25 August 2022Market Closed with bullishness so buyers are active!
if opens gap-up tomorrow then we should wait for price action and buy for 39600 and above, as per the bigger trend!
And if it opens gap-down then we should wait for it break the last swing which is 38635 for a target of 38184