Manappuram Finance Next 1 month SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Bat
Bullish Gartley Pattern in Vodafone IdeaHi TradingView Traders,
I am seeing a Bullish Bat Harmonic Pattern in Vodafone Idea.
I am hoping that it’ll drop more 20%-22% from this point. Then a reversal is possible.
And Bullish Harmonic Pattern always tend to give greater returns.
Disclaimer: This is just for educational purposes and not any advice for trading to buy/sell.
Please share a valuable feedback in comments if you if you see any more patterns or ratios.
Give it a rocket if you like this technical analysis.
Nifty Sep FUTSL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
BAT: Double FVG and CHoCH Point to a Strong Upward Move! 🌟💎 Paradisers, #BATUSDT has shown a Fair Value Gap (FVG) twice after taking liquidity and displayed a Change of Character (CHoCH) towards the bullish market structure, increasing the likelihood of a bullish move.
💎 If the price shows a pullback and indicates bullish signs from the FVG and Bullish Order Block (OB), which is supported by the Fibonacci 0.5 and 0.618 levels, then we can expect a bullish move.
💎 In the case the price falls without any bullish signs in these key areas, we can anticipate a bounce from the demand zone.
💎 However, if the price shows panic selling and falls below the demand zone as well, it will invalidate our entire idea. In this scenario, it would be better to ignore it and wait for more favorable price action to develop.
NIFTY MONTHLY BAT PATTERN OR HALF M PATTERN (Condition apply)* The market (NIFTY50) is currently trading at 22436. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a sideways zone. For the past two days, I've observed a sideways market with premiums not showing significant increases.
Here are the levels and analysis for the NIFTY Monthly Future Traders:
Once the 22400-440 Level breaks then the Market will go towards the 21900 Level again.
If it sustains 22000 then also no big issue.
Note: Selling side momentum can be captured effectively as selling often yields better results than buying. However, it's crucial not to be biased towards any side. Wait for a level break and then align with the market. The market will consistently provide favorable outcomes, whether in terms of profit or learning.
Auropharma - Classic Alternate Bearish Bat at 1131 (Sell)Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
Auropharma
Last - 1106 / 1:14 pm / 1st April 2024
After Classic 5 Waves & Stock Topped at 1177 - Last Idea Published on 1st Feb 2024
Stock Dropped to logical support of 958.50 - Minor Support from the tops of 1177 as identified last. It dropped to 958.50 lows in next few days.
Currently, Stock Doing Sideways Once bottom was made at 958.50. We have a classic alternate bat with PRZ 1125-1135 zone & stock topped at 1131 -1st April 2024 as of today.
Trading Strategy
Stock Holding below 1125-1135 -Potential Reversal Zone - can slip to 1050-1075 support zone downside next.
From
WaveTalks
Abhishek
Kalamandir looks very attractive, High Risk - Reward SetupFundamentals : Decent, Consistent growth on Sales, Profits and EPS. High Reserves (recently doubled) vs Debt. DII stake increasing.
Technicals : Bearish, Risky, Very attractive RR. Trendline support. Below listing price!
R 1: 220 (Trend reverse level)
R 2: 250
R 3: 290
Support Zone : 150-160
Matic Trend and Potential reversal zoneIn monthly time frame, Matic formed Bat harmonic pattern. It can reach upto $2.6 which is a potential reverssal zone. Personally i am holding this coin with price target of $2.6 - $2.8 .
VISAKAIND - Trendline Breakout & BATIn this analysis, we will examine the technical aspects of the weekly chart for VISAKAIND, aiming to provide insights into potential trading opportunities based on key patterns and indicators.
Breakout of Weekly Falling Trendline:
The chart displays a significant breakout of a weekly falling trendline. Breakouts of trendlines on higher timeframes, like the weekly chart, often carry greater significance. This breakout suggests a potential shift from a bearish to a bullish trend. Such breakouts are crucial points of interest for traders and can mark a potential reversal or continuation of the trend.
RSI Confirmation:
The breakout observed on the Relative Strength Index (RSI) adds further credibility to the breakout from the falling trendline. RSI is a momentum oscillator that measures the speed and magnitude of price movements. When the RSI breaks out, it often provides confirmation of the price breakout, enhancing the reliability of the bullish scenario.
BAT Harmonic Pattern and Target:
A possible BAT Harmonic Pattern is identified on the chart, suggesting a potential target of ₹120 in the future. Harmonic patterns are geometric price patterns that traders use to forecast potential price movements. The presence of such a pattern further supports the notion of a potential bullish move.
Rounding Bottom Pattern:
Additionally, a rounding bottom pattern is visible on the chart. This pattern resembles a gradual transition from a downtrend to an uptrend and can imply a potential trend reversal. Its presence reinforces the bullish narrative suggested by other technical indicators.
Proposed Trade Strategy:
Based on the insights from the chart analysis, here's a proposed trade strategy:
Entry: Consider entering a long position at the current market price (CMP) of ₹93. This entry aligns with the breakout from the weekly falling trendline and the confirmation from the RSI breakout.
Stop Loss (SL): Implement a stop loss at ₹80. This level is strategically chosen to allow for reasonable price fluctuations while providing protection against unexpected adverse movements.
Target: Set the target at ₹120. This target aligns with the potential target suggested by the BAT Harmonic Pattern and also considers the rounding bottom pattern.
Conclusion:
While technical analysis offers valuable insights, it's essential to recognize that no analysis can guarantee specific outcomes in the stock market. Trading involves risks, and conducting thorough research, employing risk management strategies, and seeking advice from financial professionals are crucial before making any trading decisions.
The breakout from the weekly falling trendline, confirmation from RSI, presence of the BAT Harmonic Pattern, and the rounding bottom pattern collectively indicate a bullish scenario for VISAKAIND. However, market conditions can change rapidly, so staying informed and adaptable is vital for successful trading.
MISHTANN Potential BAT Harmonic PatternIn this analysis, we will evaluate the technical aspects of MISHTANN's monthly chart to identify potential trading opportunities. We'll focus on key patterns and indicators to form a comprehensive view.
1. Breakout and Retest of Falling Trendline:
The most notable feature on the chart is the candlestick pattern showing a breakout and subsequent retest of a falling trendline. This pattern often indicates a potential reversal from a downtrend to an uptrend.
2. Potential BAT Harmonic Pattern:
Another important observation is the possible formation of a BAT harmonic pattern. Harmonic patterns are distinct chart patterns that may forecast potential price reversals. The BAT pattern, if confirmed, has a target around ₹29.89.
Proposed Trade Strategy:
Considering the insights from the chart analysis, here's a proposed trade strategy:
Entry: Initiate a long position at the current market price (CMP) of ₹13.99. The breakout and retest of the falling trendline, along with the potential BAT pattern, suggest a bullish setup.
Stop Loss (SL): To manage risk, consider placing a stop loss at ₹11.13. This level is selected to allow for minor price fluctuations while mitigating the impact of adverse price movements.
Target: Set a target of ₹29.89. This target aligns with the potential BAT pattern's projected price level and represents a significant price increase from the entry point.
Time Horizon: The trade is expected to play out over approximately 270 days, as indicated. Monthly charts reflect longer-term trends and may require more time for patterns to fully develop.
Conclusion:
The technical analysis of MISHTANN's monthly chart suggests a potentially bullish scenario. The breakout and retest of the falling trendline, coupled with the possible formation of a BAT harmonic pattern, provide a compelling case for an upward price movement.
However, it's crucial to acknowledge that trading involves inherent risks, and no analysis can guarantee specific outcomes in the dynamic stock market. Market conditions can change rapidly, so it's advisable to monitor your positions closely, employ sound risk management practices, and consider your overall investment strategy. Consulting with financial professionals is recommended before making significant trading decisions.
BankNifty - The Last Leg in Bearish Bat 45600 to 47000 Disclaimer:
Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence.
WaveTalks - Market Whispers: Can you hear them?
As discussed in the last idea today - 19th jan 2024 during last hour of trading. Index holded 45550-45600 zone rallied upside towards 45700+
We suggested to have patience & buy close to 45600
Strict Stops below 45550
Happy Saturday Trading !!!