99.9% profitable trade setupThis is my personal bullish setup which gives trades many rare by 99.9% true.
Go lon and buy it for a swing trade. SL is fixed, target is your wish.
Candlestick Analysis
BANKNIFTY is STRONGER than NIFTY As we can see BANKNIFTY is stronger than NIFTY because it has a gap to be filled which has already been filled by NIFTY hence we can expect more of bullishness in BANKNIFTY till the gap is filled till it gets rejected and continues it next trend so plan your trades accordingly.
GAP is yet to filled in BANKNIFTY As we can see BANKNIFTY has shown signs of REVERSAL after a series of consolidation which could lead to potential unidirectional move followed by its break. Unless it’s broken down, we can’t expect a change of TREND, till then BANKNIFTY remains bullish till 46700 is protected and have we might see more of bullishness as the impending gap is yet to be filled so plan your trades accordingly.
KEEP AN EYE!The stock is currently trading at the support level with an INVERTED HAMMER.
Can give a good move from this level.
Can start booking your profits from 10% returns.
DO NOT TRADE IF BREAKS THE TREND LINE.
DISCLAIMER - Analyse yourself before investing.
HAPPY TRADING
Banknifty weekly expiry analysis for 21/08/2024.Banknfity has given a nice move on the upper side clearing the resistance zone of 50800 but reversed after testing the round levels of 51k.
The markets were looking bullish from the morning and even in the second half. The last hour selling has created a confusion about the market movement for tomorrow.
It has been respecting the resistance trendline and retested 38.2% fib levels.
Shorting opportunity in the market will trigger once the makret starts trading below 50550 levels.
If today's high is taken out by the market, a gap filling trade can be a possibility while testing the higher levels.
Major support levels :- 50550, 50250
Resistance levels :- 51000, 51260
Wait for the price action near the levels before entering the market.
HDFCLIFE | Simple trendline breakout within channelHDFCLIFE | Simple trendline breakout within channel
Looks promising for 35-40% move
CMP : 710
SL : 620
Target : 1000
1:3+ risk reward setup
Ashok Leyland - Bullish viewI have entered the marked level for swing trade.
Reasons for buying:
1. Breakout at 1 D time frame.
2. Stock is trading at all time high. These stocks generally perform good after breakout.
3. Breakout in 30 mins with volumes.
Please note that it's not a recommendation to buy. I have posted my analysis for educational purpose. Please do your own analysis before buying. I am not responsible for your profit or loss.
IPO Base strategies.Perfect retest after breakout is the best indicator for good bullish move of the share.
Kokuyo camlin : Breakout Stock#kokuyocmln #breakoutstock #tws #fvg #patterntrading #chartpattern #inverseheadandshoulder
Kokuyo Camlin : Swing Trade / Short term(1-3 Months)
>> Breakout Stock
>> TWS Visible
>> Stock Bouncing from FVG Area
>> Good Strength & Volumes might Pickup soon
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and keep trailing.
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
WHEELS | Simple trendline breakout - Potential for 70-80%WHEELS | Simple trendline breakout - Looks potential for 70-80%
CMP : 796
SL : 650
Target : 1400
The previous post was deleted by tradingview moderator, as i had mentioned the same description above. It is a simple breakout. Its my style of simple analyze.
There is nothing to write beyond this, i'm just posting all this charts to create a respository. I dont have any hidden agenda like creating courses or selling indicators.
But this website looks like promoting only those authors.
Ab_capital@SupportCurrently Ab capital is trading @ Support Area.
Kindly find chart for discription.
Happy Trading!!
WHEELS | Trendline breakout - Looks good for 60-70%WHEELS | Trendline breakout - Looks good for 60-70%
CMP : 796
SL : 640
Target : 1300
PRIVISCL | Looks good for a 40-50% movePRIVISCL | Looks good for a 40-50% move
CMP : 1435
SL : 1200
Target : 2100
FIN NIFTY - TRENDLINE RESISTANCEFIN NIFTY is facing trendline resistance at 4hr chart.
It is at Lower Trendline support and made a Hammer Candle under 50ema. Breakout with a strong green candle may give a good upside move.
It has been moving between an ascending channel at daily time frame since January 2024.
Earlier it gave breakout on 25june but started coming down from 23rd July - Budget Day, also impact of global market fall.
LEARNING : Less is More!
Identification of right support and resistance levels are important and you learn that with Price Action.
50ema is a really good indicator to understand the trend. Price always goes up when it crosses the 50ema.
Formation of Hammer candle at lower trendline or support area is a bullish sign.
Keep your charts clean, learn price action to understand the charts.
Always remember that a negative news can change the direction of market.
*For learning and educational purposes, not an advice.
ATH_GLENMARK_Hi Traders,
Happy to share this post since Tracking it from last couple of months and today it closed above Previous levels with Strong Bullish pinbar at 20 EMA support in uptrend.
Pros:-Bullish Pinbar in uptrend which is taking 20 EMA as support.
:- Energy is being stored from last couple of months to explode.
:- Pharma Sector Is positive with recent Results In Indian markets.
:-Go long Oct-2024 Futures.
Cons:-NA.
Happy trading!!Only for Educational purpose.
Long_Nifty50_Bullish hammerCurrently Nifty 50 trading @ INR 24541.15.
Go long in Nifty50 options with Near Strike.
Pros:- Market took @ 24k from past 2 weeks.
:- Bullish Hammer candle @ Support from last two weeks.
:- Global market is positive.
:- Options premium is cheap as we are heading to Month end expiry.
Cons:-NA.
Happy trading!!Only for educational purpose.
AXISBANK trading in a long channel with potential upsideSince April 2022, Axis Bank is trading in a channel on weekly & daily chart. Now, it is on its support placed at lower channel (or trendline). Axis bank is strong fundamental candidate and looks good on charts with great potential for upside.
Gebriel - Bullish viewReasons for buying:
1. Multiple breakouts in 1 day chart.
2. Recent breakout with good volumes and retest in 15 mins chart.
I have entered the trade as per marked levels.
All my trades are strictly for educational purpose. I am not responsible for your profit or loss. Do your own analysis before entering in to any trade.
47900 coming if the structure breaks below As we can see BANKNIFTY has closed around important support which has been tested before making it weaker hence if any flat to strong opening followed by bearishness can result in breakdown of the structure which could lead to 4800-47900 unidirectional rally so plan your trades accordingly.
Banknifty weekly expiry analysis for 14/08/2024.Banknifty has closed below the 50k mark and is looking bearish on the daily charts.
It is trading around the 100 ema on daily time frame, which shows some bearishness in the markets. If the market starts trading below today's low, there are chances of it testing the recent low around 49650.
MA strategy and the price action both are signifying some bearish movement in the market.
Hourly charts are trading below the moving averages. A bearish market will be confirmed if the market starts breaching the support levels, after a flat or slight gap up opneing.
If there is a follow through candle in the market, there are chance of testing 49k levels soon.
Major support levels :- 49670, 49400
Resistance levels :- 50000, 50250
Tomorrow is expiry and vix is around 16 which is good for option buyers
Wait for the price action near the levels before entering the trade.
bullish candle at the major supportGo long to capture some upward movement as inside candle appeared at
support line
Coming back in structure! Following the global cues we can expect INDIAN market to take a hit making it coming back in structure unless Indian retailers opt to take revenge on western short sellers leading to short squeeze. As of now we can still expect NIFTY to remain bearish till it sustains above the previous trading day high. It’s better to avoid days with immense volatility unless important zones breaks so plan your trades accordingly.
