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Candlestick Analysis

Reliance Industry - Elliot Wave SetupSpotted a Elliot wave setup in Reliance Industry on a daily chart. Currently the Point B is being active, today's AGM has a positive effect on the share price, making a green candle. The target price for point C has been identified with fibonacci setup which is also in a perfect state covering point 4, 5, A, B, and C A short position can be taken movement price start moving towards point C with target of around 2836 with stop loss at 3129 We can expect a bullish movement from the point of 3129-3100
NSE:RELIANCEShort
by Beside9
SENSEX Levels For Intraday or swing TradingSupport & Resistance Levels: Buy Above: 81,100 (SENSEX Spot Levels) Targets: 81,225, 81,343, and 81,5551. Sell Below: 81,000 (SENSEX Spot Levels) Targets: 80,900, 80,729, and 80,5551. Recent Analysis (August 22, 2024): Sensex made an all-time high at 82,129.49 on August 1, 2024, at the open of the day. It corrected one cycle down near the level of 77,968 and found support near the lowest vibration above the cycle level (actual low: 78,295.86). The fall was swift and completed within 16 bars.
BSE:SENSEX
by Optionclub
IZMO : Breakout CandidateSwing Setup IZMO : Risky Trade but worth it >> Huge TWS Visible on the Left Side >> Price currently near Bottom of TWS, Spike Expected >> W pattern also visible which can breakout >> Inside Bar forming at the Bottom of W pattern >> Highlighted supply zone : Almost 12% till there >> If Breaks Supply zone, Another 12% on cards >> Trendline Breakout also coinciding with W pattern Breakout >> SL u can consider 380 levels Risky Trade but so much Learnings, Chart filled with lot of concepts....which is actually lot of confirmations Totally Worth Trading this setup with low Risk Swing Traders can lock 10% profit & 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.
NSE:IZMOLong
by moneyfesttrading
EMS Limited : Breakout Candidate#EMSLIMITED #breakoutstock #breakouttrading #vcppattern #asymmetricaltriangle #chartpatterns #TWS EMS Ltd : Breakout Candidate >> Ascending Triangle Pattern >> VCP Pattern Visible >> Good Strength & Volume may Expand in coming Days >> Moving Avg Tending Setup >> Low Risk High Reward Trade As per the Setup it shud give a minimum upside of 15-17%. Swing Traders can lock 10% profit & 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.
NSE:EMSLIMITEDLong
by moneyfesttrading
Nifty weekly analysis for 28/08/2024.Nifty is stuck in a range and has slowly recovered after a retest. Yet there were no opportunities for option buyers this week. If the market breaks out of the range, there are high chance of a fake out, as it has been rallying for last few days. Small quantities can be traded in a bullish trade. In case of break down, a good profit booking rally can be captured. Major levels :- 24870, 24960, 25050 The supports are nearby and market can reverse after testing the zones. Index seems strong and a double top formation can be seen this week. A bearish positonal trade can be created if there negative candlestick formation is there. Support levels :- 24740, 24600 Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
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.
NSE:BANKNIFTY
by TheMamboMomentum