Bullishpattern
Channel breakout with strong bullish candle in JSW Steel(Hindi)NSE:JSWSTEEL A strong channel breakout with a big bullish candle has emerged in JSW Steel with strong volume support. 44 EMA is also about to cross the bullish candle reaffirming the bullish signal.
A SL of 945-947 with a target of ATH and above is recommended.
The rest of the video is explained in Hindi
Is the Bottom Made in Nifty & BnK Nifty ?? Positive Divergence in NIFTY in Daily, 2 hours chart. Any close above 25000 levels will open doors for 25200. above tht 25500-25777 would be seen.
Bank Nifty is creating cup and handle pattern in the short timeframe of 2hours. Breakout has been made, from here it has hurdles every 200 points 52400-52600-52850-53050 level. Bank nifty is poised for more upside but should see 51990 once again before the upside journey !
Weekly Market Forecast: Nifty & Bank Nifty Set for Major Moves!Nifty and Bank Nifty are poised for a strong upside move if they break their respective resistance.
Nifty Resistance : 25300 - 25500 , Above this should open doors for 25800-26200 levels soon!!
If Nifty does not clear 25500 then it will be considered as double top pattern.
Currently Nifty is also showing negative divergence in daily chart.
Bank Nifty has given a trendline breakout, looking for a strong movement above its resistance zone 51400 -51700, above this it will try and test previous ATH levels.
if fails then should see 50990-50500 levels again.
When is the fall coming in Indexes ? Will the fall come ??Nifty and Bank Nifty on daily chart are showing some weakness, Nifty if breaches 24400 level then we can see a movement to 24800, in shorter time frame (30mins) nifty has shown a strong upside move, which indicate it will move up!!
Bank nifty is still lagging behind, it has to move aboe 53300 level for further upside to 54100-200 levels, support is at 51900 level.
Is the Volatility over in Nifty and is it ready for 24000 ??Nifty was moving in a parallel channel for almost 6 months, last week it tested the bottom channel as well it tested and broke out on the upper level channel on a daily chart.
In 30 mins chart Nifty has created a 1200 points Flag pattern and has also given a strong break out as well!! Accorinding to the flag pattern Nifty can hit 24K level soon !
Nifty Poised for a Strong Move !!Several bullish patterns are seen in the the charts, Bullish hidden divergence on weekly basis, along with breakout from Inverted Head and shoulders, a W pattern formation.
Once breakouts are done from these formation Nifty will try and touch 22900-23300-23800 levels very soon !
Support area is 22300-22125 level
BULLISH Pennant #TadingClass #Technical Trading PatternBullish Pennant:
Its a Technical Trading Pattern which helps to find profitable trades for uptrend movement.
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How to make 6% fast in Voltas - Logic and trade entry Voltas is trading between the zones of supply and demand and currently on demand zones and moving towards the supply zones, we can make a good 1:2.5 RR trade
here on a 1HR tf close near 1060 levels target for 6% and risk can be set near 2% to 2.5%
wait for 1hr close and let it close bullishly on 1hr :) trade with proper risk rules and follow them also let the trade initiate :)
Any problems regarding the trade plz comment and feel free to discuss
Late night Technical analysis talk We discuss potential stocks provided by you guys only in my DMs and comment sections so give your stocks in comments and DM me for tommorows video :)
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
How to get 25% and more in INDIGO with Simple price action INDIGO - Swing trade key points
Weekly resistance at 1800 to 1900 levels
Weekly support zones at 700 to 800 levels
Week timeframe pattern is broadening pattern so we night break this hurdle on weekly basis with a power green candle and then a good upside is
possible for 25% to the levels of 2200
Day time frame suggests an ascending pattern with good dip buying at supportive trendline as shown in the video
Day time frame also makes higher lows for that purpose
We will attack this higher leg and will try to extract the maximum out of the stock
Risk to reward is favorable from this point and quite logical as per price action
Risk is 4% ( 1650 would trigger an exit )
Rewards can be 8% that is a 1:2 RR ratio ( 1850 levels ) - As target number 1
Reward numbers 2 and 3 can be our fib extension levels on a weekly basis and trendline that would be booking profits around
2200 to 2300 levels
Have a nice trading day
Respect the STOPLOSS and accept what the market gives you
Don't hesitate to book your losers and let the winners run until you get a better Risk to reward bet
Thank you and your generous comment will only make this post beautiful :)
SAIL Triangle breakout - Here is How one should set a good trade1) Some useful knowledge :
Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows, and the point of the triangle is formed. In its simplest form, the triangle shows losing interest in an issue, both from the buy-side as well as the sell-side: the supply line diminishes to meet the demand.
Think of the lower line of the triangle, or lower trendline, as the demand line, which represents support on the chart. At this point, the buyers of the issue outpace the sellers, and the stock's price begins to rise. The supply line is the top line of the triangle and represents the overbought side of the market when investors are going out taking profits with them.
2) About the entry : So far, we have seen two triangle patterns: one from an uptrend and bullish market move and one from a downtrend with a decidedly bearish look. Symmetrical triangles, on the other hand, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its direction. The supply and demand, therefore, seem to be one and the same.
During this period of indecision, the highs and the lows seem to come together at the point of the triangle with virtually no significant volume. Investors just don't know what position to take.
However, when the investors do figure out which way to take the issue, it heads north or south with big volume in comparison to that of the indecisive days and/or weeks leading up to the breakout. The breakout generally occurs in the direction of the existing trend. But, if you are looking for an entry point following a symmetrical triangle, jump into the fray at the breakout point.
3) LEVELS: STRONG close above 130 on 30min and sustaining there for another 30 min that will make a close of 1hr candle will give good momentum for the stock. Stop-loss can be set at 125.45 as it is a small swing low also will make the stock come back to the pattern, Targets of 140 should be eyed on