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Nifty Target and Prediction - Support & Resistance -08-06-2021Check out daily Nifty Target for Intraday & Nifty Prediction for Tomorrow.These Forecast are based on some of the most used Technical Indicators; hence, they are expected to give accurate predictions. This Index Target, Forecast or Predictions should be used only for reference & educational purposes. The Data or Information provided may or may not be accurate or reliable for Investment & hence, should be used at one’s own risk.
NSE:NIFTYEducation
by OptionTrendAnalysis
Trading parallel channel breakouts.NSE:BAJAJ_AUTO Simple guide on how to trade breakouts from ( parallel channel ) trading range. This example illustrates how the parallel channel breakout ideally works out. Please try and spot stocks and index that are currently either trading in a range or about to breakout for trading opportunities, Keep plotting, keep learning and trade with confidence. Feel free to message me regarding any doubt you might have. Please comment, like and share the post if you find it useful.
NSE:BAJAJ_AUTOEducation
by ShahulABCT
3
Inverted Hammer in Monthly Chart** The shooting star candlesticks pattern, also known as the Pinbar (or bearish pinbar/inverted Hammer) by some, is one of the most popular candlestick patterns among price action traders. It was the first candlestick signal that I relied on, and one that I still use today, although I trade it much differently than most other price action traders. # What is a Shooting Star Candlestick Pattern? *The shooting star consists of a long upper wick (shadow) that is, at least, twice the size of the real body. It should have a relatively small lower wick or none at all. Its real body can be bearish or bullish (see in the chart) and is usually relatively small in comparison to previous candlesticks. *The shooting star candlestick pattern, like all the other candlestick entry signals, must be traded within the context of the market. In other words, a true shooting star candlestick signal can only come after an uptrend in price (see the chart). Note: Never trade a candlestick formation that looks like a shooting star from consolidating price action or a tight ranging market. A shooting star candlestick pattern is a strong reversal signal, and unlike most other price action signals, this one does not need another candle for confirmation, according to the standard trading technique. However, the proprietary filters that I personally use to qualify a good shooting star are quite different, so let’s go over those now. #What Makes a Good Shooting Star (Pinbar/Inverted Hammer) Pattern? ** Some of the filters that I use to qualify a good shooting star make taking the entry completely different than the standard method. In my experience, these filters have drastically improved my strike rate with the shooting star candlestick pattern. # Confirmation Close The first filter that I want to talk about is the confirmation close. This is probably the most important filter that I use on the shooting star, and it’s also the filter that changes the way you must take your entry with this pattern. Basically, as a sign that the uptrend is actually ending, after the shooting star signal, you want to see a bearish candlestick that closes below the real body of the previous candlestick and You can add in your strategy for more accuracy. ** Historically in Nifty 50 when in monthly chart Pinbar/shooting star/inverted hammer appears at top that sign of bearish trend .(see in the chart) Kindly Let me know if you have any questions. Thank You
NSE:NIFTYEducation
by PrasantaP
1
SRF- A box Breakout RevisionLast time i posted this stock on 13th of October and since then it kept me waiting for the right time. I clearly mentioned it needs to halt before breaking out and that is what it did. Previous Posted Chart for the reference :- Waited for almost 20 days and then gave returns of 10% in a day. This is what is important in trading Waiting for the right time. Waiting for the right time is the most difficult thing to do in trading. Believe yourself and believe your analysis. Some will fail and some will go your way and the charts which will go your way will give you much more than what u lost in others. Trade with Sl and believe. Cheers and Happy Trading
NSE:SRFEducation
by LearnersParadise
6
SRTRANSFIN Near Resistance Level of 800SRTRANSFIN is near 800 level, which is a strong resistance after march crash, however it has been tested multiple times, but this time it has also crossed 200DMA and trading near 800 level. it looks it could retest 750 levels before giving breakout. once it breaks 800 level. 800-960 levels openup for upside. RSI is at 68 on daily scale and RSI is at 56 on weekly scale which is highest after march lows indicating a momentum ahead down the line.
SEducation
by VijayBabuA
COALINDIA - AMAZING BREAKOUT #INTRADAYLast week, I had posted charts of COALINDIA forming a descending channel and also predicted a breakout in the coming days. Here it is, this may not be like a 5-10% trade or something. But a 2% is enough for intraday. The trade involved no risk and very easy to spot as the volume rocket from 100k to 2.9M as the breakout happened. This was to show the power of PRICE ACTION TRADING . And people looking for SWING oppurtunity can zoom out the chart and see a trend line @ 141 which can be set as target. Entry - After a clear trend after retracement Exit - Trend line @ 141 Stop - 129 (or according to your risk profile) Thank You Have a nice day!!
NSE:COALINDIAEducation
by FAHEEMSAM