Bullish Patterns
Banknifty for Jan 12 expiryBanknifty has formed inverted Head & Shoulder in 15/30 min Time Frame.
I'll be entering long once the neckline is broken.
Entry: Any closing in 15/30 min above 42750
Target: 1st taget -- 43150; 2nd target -- 43500
SL: Any 15 min candle closing below42500
One can look for conservative entry at the retest of the neckline after breakout.
Bullish ABCD in Bajajfinsv 8-1-2023It is Bullish ABCD pattern seen daily tf can give good reversal from 1433 zone marked in the chart.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for horizontal lines: Green - Buy, Blue - targets, Red - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
BTC emergency update Recent update on BTC, Chart is speaking for itself, further if any update, we will share that
so do follow, like, and comment if you want analysis on other crypto an BINANCE:BTCUSDT d stocks.
IGL - Forming Descending Triangle - Long Bet For DecemberNSE:IGL is forming descending triangle and it would be worth a long shot for Dec series. Targets are marked on the chart
SL for longs can be - 205.
Would be best to play in cash or play with long synthetic split option strategy ( Sell put at strike A ( close to SL level ) and buy call for strike b ( potential target level or ATM call option )
Let's see which way the story unfolds. Happy Trading!
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
ONGC: Channel trade potentialONGC
- This is a follow up on my previous idea when stock was trading at 140 odd levels
Chart set up
- The stock seems to have given a fresh breakout on hourly charts from yellow channel channel
- 21 hour EMA and 63 hour EMA around 148 / 146 respectively
Target potential for the stock 156-158.50
Use the 21 hour or 63 hour EMA as important Support level to watch out for
Risk Profile
The set up provides a risk::reward ratio of 1::3
Trust the idea helps in planning your trade.
Take care & safe trading..!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be