Bullishpattern
Inverted Head and Shoulder Zeel Weekly chart PatternInverted Head and Shoulder pattern in weekly chart.
Mid Term Bullish.
Neckline 296.70 Breakout done, close of this week waiting.
Zeel
CMP 289.05
Target : 411
SL : 236.
Risk is yours and Reward is too yours totally.
This idea is for educational purpose only
NIFTY50 Bullish Breakout: Adapting Strategies for Market SuccessTechnical Analysis:
Breakout Above 21750:
The market has successfully breached the 21750 resistance level.
This breakout signals a potential extension of the bullish trend.
New Trading Levels:
With the breach of 21750, the market might establish new support and resistance levels.
Traders should identify these levels for better precision in their entries and exits.
Updated Momentum:
The breakout above 21750 enhances the bullish momentum.
Confirmatory indicators such as moving averages or other technical tools should be re-
evaluated to align with the current market conditions.
Risk Management:
Adapt to New Levels:
With the breakout, reassess and adapt your risk management strategies to the new trading
levels.
Consider setting revised stop-loss orders based on the updated support levels.
Volatility Awareness:
Breakouts can sometimes lead to increased volatility.
Factor in potential price swings and adjust position sizes or leverage accordingly.
Continuous Monitoring:
Stay vigilant and monitor price action closely.
Be prepared to adjust risk management strategies based on evolving market dynamics.
12 Jan ’24 — Traders are cold-blooded, Bias changed to Bullish🐂Nifty Analysis - Stance Bullish ⬆️
Recap from yesterday “Nifty looks perfectly neutral from here, the moment the support of 21491 gives away — we can start looking for bearish opportunities. To go bullish the ATH has to be taken out. With the IT majors TCS and INFY declaring the results — we should have a strong swing direction tomorrow.”
4mts chart link
Major highlights today
Gap-up of 120pts ~ 0..56%
NiftyIT gains 5.14%
Nifty50 takes out the ATH, new value = 21928
Nifty goes from neutral to bullish
Today’s stop came right at the ascending channel top-line
Never seen NiftyIT so stubborn to go up, a gain of 5.14% far exceeds expectations, and that too when the IT majors are at their all-time highs. What we still do not understand is the reason for outperformance when the results were average. Anyway, this was the major reason Nifty50 broke out from the neutral zone to the bullish zone.
63mts chart link
Today’s price action was along the top trend line of the ascending channel, and careful enough not to break it. There is no shame in saying traders are cold-blooded. We cannot stick with our bias, direction, or opinions and expect the market to behave as per our analysis. If the markets have turned, we need to adapt. Till yesterday, we were looking for neutral trades with a possibility of going down. See how the tables have turned today. For Monday - we need to look out for bullish opportunities now.
RELIANCEWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Mcdowell : Best Swing Trading Setup Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Hut Pattern
📌 Symbol/Asset: MCDOWLL_N
🔍 Description: Stock has made Hut pattern and around the resistance
stock should give breakout above the resistance then we can see huge upside from hereon.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle.
WHEELS INDIA - Potential Weekly breakout - Add to watchlistWHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements.
Price Targets:
In the event of a confirmed breakout, traders might consider setting price targets based on the height of the triangle pattern. TARGET 1 & TARGET 2 mentioned in the chart.
EDELWEISSEDELWEISS:- If the stock gives a breakout and sustains above 45.90 level, we may see a movement to the upside
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
UJJIVANUJJIVAN:- Stock has formed cup and handle pattern, plan something only after breakout till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
GNFCGNFC :- Cup and handle pattern has formed, wait for the breakout.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
L&TFHL&TFH:- Keep an eye on the stock, wait for the breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BIRLAMONEYBIRLAMONEY:- The stock has given a breakout after 5 years, and has also formed a cup and handle pattern.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
TTMLTTML :- wait for breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Titan, Reverse Head and Shoulders.Titan has formed a reverse head and shoulders pattern on the weekly charts and will have to decisively break out from the current resistance channel and close at a price above 2810 to further validate the bullish pattern.
Stoploss would be just below the resistance channel.
First target would be at around 3775 levels, although given the volatile nature of the markets since after the massive bull run of 2020-2021, I would strongly advise using a trailing stoploss of 20EMA on the weekly chart.
That said, as usual, please ensure appropriate position sizing and risk management practices.
APLAPOLLO : Long setup with huge upside Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: APLAPOLLO
🔍 Description: Stock is in a pattern and now near to the support level.
View is bullish if support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.