Jindal Steel & Power Cmp 918 Hammer @ SupportJindal Steel & Power Cmp 918 dated 12-8-2024
1. Hammer Candle @ support
Buy above 921 target 935-950-960-975 SL 900
It is just a view, please trade at your own risk.
Candlestick Analysis
Long_Indigo_ATHCurrently Indigo trading @ ATH.
Pros:- Stock gave good breakout in weekly Timeframe after tight consolidation.
:- Go long until it breaks previous candle 🕯️ low.
For Better visualize kindly check chart
BANKNIFTY at MAKE or BREAK level !!As we can see BANKNIFTY has filled its much awaited gap and can be seen trading around trendline resistance. Now as long as BANKNIFTY trades below the trendline, every rise can be sold till it closes above the trendline for change in trendline for target being new ATH so plan your trades accordingly.
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.
VISAKAIND - Weekly AnalysisIn the Weekly Chart of VISAKAIND ,
we can see that, it is near trendline breakout.
Let it retest and then enter with SL and Targets.
Expected momentum is shown in chart.
VINYLINDIA - Weekly AnalysisIn the Weekly Chart of VINYLINDIA ,
we can see that, it has trendline breakout.
Let it retest and then enter with SL and Targets.
Expected momentum is shown in chart.
IPL - Weekly AnalysisIn the Weekly Chart of IPL ,
we can see that, it is decision making point.
Possible momentums are shown in chart.
if it shown a Up move we can see a W shape recovery.
MOLDTKLPAC - Weekly AnalysisIn the Weekly Chart of MOLDTKLPAC ,
we can see that, it is at a Decision Making point.
Enter on breaking of Candle's High with low as SL.
Possible momentums are shown in chart.
BORORENEW - Weekly AnalysisIn the Weekly Chart of BORORENEW ,
we can see that, it has created a Halt candle and it is at a Decision Making point.
Enter on breaking of Candle's High with low as SL.
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.
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.
