If you take a look at the Nifty 1-hour candle chart, it seems to be forming a descending triangle pattern. This is interesting because the Nifty has found support around the 19250-19300 level multiple times. You see, when an asset or index bounces off a level repeatedly, it tends to become a strong support or resistance zone. In this case, 19250 appears to be...
Chart - Heikin Ashi
Timeframe - 4H
Resistance Zone - 1635 to 1647
20 ema - 1634.25
50 ema - 1643.36
100 ema - 1664.89
200 ema - 1710.45
Fib Retracement :- 38.20% level 1732.88
50% level 1789.44
Note :- The breakout of 1647 level will also give us the breakout of 20 ema and 50 ema.
Trade Setup :-
1. Enter on the breakout of...
Hello Traders,
Sharing this weekly chart of Bayer CropScience, there was a 2.5 year downtrend channel which is been broken on the upside with heavy volumes, fundamentally stock is doing good
almost a debt-free company.
SL Price-:
Strict- below 4590
Lenient- below 4215
Targets:
1-6600
2-8580
Disclaimer- Please do your own analysis before entering into any...
As you can see here price first took resistance at standard deviation two
now taking resistance at standard deviation one , if price goes above
45486, you may go long but keep in mind that it may retrace anytime
till it do not crosses above 45595, above 45595 it is free to go full target.
if price goes below 45178 then it may face two strong support in between...
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
Gold is Down. In H4 Price is Ranging between 1930 to 1915 levels. This is major levels. If Price will Break Up side level 1930 Gold will be go up. Or Break Down Side Level 1915 Gold will go down. Bewere of CPI Data This Week. Good Luck for This week.
As we can see the main (1) and (2 )wave has been finished and the sub 3 wave has to retrace till 0.385/0.5 of Fibonacci level.the 4 wave will complete. If the trend line breaks , we will go for the sub 5 wave. And then wait for the correction of main (3) (4) wave.
If your are looking the slow & steady share in the market this is the one of the stock in the current market level this share downside risk is only 5% And reward is the "open blue sky".
Before buy; Kindly consult your finacial advisor
PRISM Johnsn chart setup like my previous chart patterns that chart create a triple top breakout on weekly + flag pattern breakout on monthly near by break his life time high and than according to my fibonacci study that share give blast return in next few month now price is 142 after break his range than TRG 180/220/250/320/360 sl 132
Hello Traders,
Sharing this weekly chart of Can fin Homes, there is a 6-year pattern breakout in the stocks,
company is also consistently doing good in fundamentals, also currently trading below industry PE (Price to Earnings Ratio).
SL price- 650 (I suggest an SL below 650 as there is no previous swing below, so an SL little below the breakout level will be...
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either...
Hello Traders,
Sharing this daily chart of Bharti Airtel, in which a saucer bottom/Rounding bottom pattern is being formed whose breakout has already happened in June with good relative volumes, As you can see volumes downside, the purple colored volumes show high relative volumes which are required on a breakout to make it sustain on higher levels & also after a...
NTPC 'daily t/f' Elliott Wave Counts from the low of 2020,
forming triangle at hourly chart in wave (4) of the impulse starting from Corona low.
More than 15% move can be expected to upside from here.
Regards.
Price facing Resistance near 95 to 100 zone, tested the same level twice in 2018 and 2021.
price is again near the same level volume activity is increased.
Tata Steel has broken on weekly charts and all metals also has been facing rejections at resistances . Going forward there can be clear cut short entry at opening of markets on Monday and targets can be minimum 5%-10% based on risk appetite. Stop Loss for the trade could be near 114-115 and targets can be 95-90 Rs.
Look at the whole structure of charts, it's rounding bottom formation it's bullish structure basically
Now see the last candle it's hanging man it's bearish signs
Now new trader's saying thok dalo & trapped
I m not trading on just one candle
I'm waiting for some days for next 2 candles minimum
Hello Traders,
Sharing this weekly chart of Chennai Petroleum Corporation, there is almost a 15-year range from which a breakout is given by the stock, in the volume profile you can see the yellow volumes are decreasing as the stock is moving up which indicates strength that more buyers are there compared to sellers.
Fundamentally the stock has been doing good for...
