2 Breakout trades for 25 Nov Markets I make educational content videos for swing / positional trading
Candlestick Analysis
Reversal for Descending Parallel Channel in Castor OilNSE:CASTROLIND A Reversal from support is seen from the 188-189 level with good vol in a daily candle. The initial target is @ 240 with SL of Swinglow
Reliance Industries: 27% away from the topThe biggest company in India (by market cap) has corrected by ~25%
➡️Doji on a key trading area
➡️ Financials are getting stagnant
➡️Will enter when I see a pattern forming
Positional or Long-term Opportunity in Kotak BankGo Long @ 1893.7 for Targets of 1977.4, 2061.1, and 2228.5 with SL 1810
Reasons to go Long :
1. On the weekly timeframe stock gave Trendline breakout (marked with green color) & now it's taking support from it.
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level.
3. In addition to this, the stock formed a Bullish Engulfing pattern around 0.382 Fibonacci level.
GPPL - Engulfing candle near support lineThe 170 price range has been serving as a strong support line since February 2024, with the price previously testing this level three times. Now, the price has returned to the same level and engulf candle structure, increasing the probability of a bounce back toward the resistance line. Additionally, the stock is forming an open wedge pattern, further supporting the bullish outlook.
TATACONSUM - Morning star near supportline900 Range acting as resistance line since 2021 and it breakout on October 2023 and need to act as support. Now price returns to same range (900) and formed Good Morning Star structure near that line in daily time frame.
Kabra Extusion : Breakout Candidate#kabraextru #swingtrade #breakout #TWS #chartpatterns #trendingetup
Kabraextru : Swing Trade
>> TWS = Big Players Present
>> VCP formation Visible
>> Breakout Candidate
>> Good Strength & Volumes
>> Good Upside Potential
Swing Traders can Lock Profit at 10% and keep trailing
Note: In Current Market Scenario even best of Setup's can FAIL, Hence Trade only Good Setups with proper Risk Management & Position Sizing
Disclaimer : This is not a Trade Recommendation, Charts Shared are for Learning & Study Purpose.
Nifty forming H&S pattern on weekly chart.Alarming sign on indexNifty forming H&S pattern on weekly. With the neckline 24900 if it closes below this level, it may come up to 24500-24100 in short time.
3 Amazing swing trading ideas for 21 Nov Markets I make educational content videos for swing / positional trading
NIFTY (1 DAY)Nifty 50 can lift from here have some reasons at below
- Nifty 50 is 11% down from last all time high.
- Touching big supports & trendlines.
- Near fibonacci zone (23250-23500).
- Formatting pulling up candles like dojis in last 3 days.
- Created high when nifty gave biggest fall of 2024 is support.
for all other reasons chart says it all.
Ascending Parallel channel in JSW NSE:JINDALSAW An ascending parallel channel has been formed in weekly & daily channels out of which a current daily bullish candle confirms the reversal of the falling stocks
A confirmed buying can be when it crosses the parallel channel at 310 or risk-takers can accumulate at current levels.
Another bullish signal is the crossing of the EMA 200
Silver Commodity - breakout and retestSilver near support line and it formed hammer candle yesterday in day timeframeand formed Morning star in 4 hour timeframe.
Crude Oil 13th NovCrude Oil- It has a bearish structure.
It is tested the Supply zone ( 72.95 -74.77 ) and it's trying to take out the swing low now.
Lately it has been making a base so we'll wait for further momentum before taking any entry.
THIS IS MY PERSONAL ANALYSIS NOT A TIP
Gold - Bookish example for Morning/Evening StarA typical example of Morning Star and Evening Star in the same chart. Its a good time to consolidate Gold
Evening Star
Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end
The first day consists of a large white candle signifying a continued rise in prices.
The second day consists of a smaller candle that shows a more modest increase in price.
The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day
Morning Star
The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them.
Evening Star - A Typical ExampleEvening Star
Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end
The evening star pattern is considered to be a very strong indicator of future price declines. Its pattern forms over three days:
The first day consists of a large white candle signifying a continued rise in prices.
The second day consists of a smaller candle that shows a more modest increase in price.
The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day
Morning Star + Flag pattern - Trend ReversalMorning Star - The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them.
Flag Pattern - A sudden move in either direction followed by the price consolidates in a range following the sharp move, and the price then continues to move in the same direction after it breaks out of the range. Its visual resemblance to a flag and a pole
Easy 20% return with Piccadily Agro IndustriesBSE:PICCADIL looks perfectly poised to give a solid 20% return to investors with a short term horizon.
Technicals: When we see the candlestick chart on a daily basis, it is trading at 750 which lies in between its nearest support at 700 and nearest resistance of 780. The MACD indicator points in the direction of an uprise with a healthy positive value.
Fundamentals: BSE:PICCADIL is a very fundamentally strong stock. It has high ROCE and ROE of 29.6% and 30.6% respectively. BSE:PICCADIL QoQ sales have increased by 62% and QoQ profits have increased by 121%. This shows it has got healthy growth going forward. Also its revenue mix is starting to be dominated by the distillery segment over its sugar segment. This showcases BSE:PICCADIL has diversified in the right direction, in turn unlocking more value for its shareholders.
Trade Setup: Buy BSE:PICCADIL when it hits 780, place a stop loss at 720 and a sell order at 960.
TITAN - Possible SwingTITAN is now in the support line with tweezer bottom candle formed at the support. Expec a potential 20% upside from current level.
And the weakness continues..As we can see BANKNIFTY remained weak throughout the day as we analysed in our last post that BANKNIFTY is going to remain weak below 52500 level hence every rise can be sold till 52500 is broken above and sustained for new uptrend so plan your trades accordingly.
Weak below 52500..!!?As we can see despite the strong movement in all other index including NIFTY and Sensex, BANKNIFTY remained sideways to negative throughout the day showing no strength despite looking good pattern wise. The pattern seems to viable only if BANKNIFTY breaks above 52500 until it can remain sideways to negative so plan your trades accordingly and can prepare for bearish trades till BANKNIFTY breaks above 52500.
Channel Breakout & Doji candle reversal in Deepak NitriteNSE:DEEPAKNTR A clear channel breakout could be seen with a bigger bullish candle & EMA 44 crossing the bullish candle.
A doji reversal reconfirms the bullishness of the stock
The target is ATH.
Nifty Bank _Election 2024 USHi traders,
Currently Nifty Bank trading @ Support Zone @ which is 52207.
Pros:- Master Candle @ Support Area which took nifty Bank almost 1200 points up from Intraday
low.
:- Positive news of US elections of Trump comeback.
:- Major Financial stocks contributing for Nifty and bank nifty Rally.
:- Go long In Dec-2024 futures & Options of Nov-2024 until opportunity gives at 52.2k
Zone.
:- Transaction data showing positive data before elections with irrespective of Election
result in US.
:- 200 SMA showing Added advantage.
:- Minimal Risk margin.
cons:- Anything may happen in Election results.
Happy Trading!!Only for educational purpose.
CONCOR: Price Action for DiwaliFollowing a substantial downtrend in CONCOR has recently exhibited a bullish reversal pattern characterized by three consecutive green candlesticks ( Three Green Soldiers ) on the daily timeframe. This formation suggests a significant shift in stock movement, indicating that buyers have gained control and are exerting upward pressure on the stock. Such a pattern is typically interpreted as a strong signal that the preceding downtrend may be reversing into an uptrend.
In conjunction with the daily analysis, the weekly chart reveals that CONCOR has retraced from the 38.2% Fibonacci level. Based on historical performance, this retracement level is often recognized as a key area of support and is frequently associated with strong potential reversal points. The confluence of the candlestick pattern and the Fibonacci retracement level strengthens the case for a bullish outlook on the stock.
Considering the current market conditions and technical indicators, CONCOR appears to present a favourable opportunity for accumulation at the current market price . For those considering an entry point, a prudent stop-loss level has been identified at 711 , which allows for an optimal risk-reward scenario. The target price will be 1153 , reflecting a potential long term resistance.
Disclaimer: The information contained in this report is intended solely for informational and educational purposes, and should not be interpreted as financial advice. It is imperative that investors conduct their own thorough research and consider their individual financial situations before making any investment decisions.
