ASHOKLEY - Weekly AnalysisIn the Weekly Chart of ASHOKLEY ,
we can see that; After Cup & Handle breakout, it has formed a Decision making candle on Trendline.
Enter on breaking its High with low as SL.
Candlestick Analysis
EURJPY 4H buy setup | took out the liquidity - updateThis is the update on the previous post, beautiful 1:3.4 RR
JAGRAN - Bullish Swing Reversal with VolumesNSE: JAGRAN is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 22% to 32% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
big UPMOVE coming up in BANKNIFTY if..As we can see we saw another rally in BANKNIFTY despite being sideways in the first half but closed at a crucial zone. In bigger time frame, we can see it forming W kinda pattern with multiple tests which has potentially made the zone much weaker! Hence if BANKNIFTY opens flat to weak any breaks today’s high then we may see a strong upmove but if opens very strong then we may see another fail of structure which could lead to sideways to negative market throughout the day so plan your trades accordingly based on given scenarios.
MPHASIS - Bullish Consolidation with VolumesNSE: MPHASIS is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 19% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Nifty weekly expiry analysis for 15/02/24.A bullish engulfing candle on the daily charts after a gap down opening is showing some positive momentum and there are possibility of market test 22k levels soon.
Today the market remained in a bullish move from the morning and closed above the 20 ema.
After a consolidation there was a good break out and market tested the resistance level of 21850.
If there is a gap up opening above today's high, let market settle and test the break out zone and any bullish price action can be an indication of entering a trade.
In case of a flat or slight gap up/down opening, wait for a consolidation and if the market consolidate in the first half, there will be a trending move in the second half.
Tomorrow is the weekly expiry for the index. VIX has also cooled a bit.
Major resistance level :- 21880, 21960-22000
Support levels :- 21810, 21750.
The market is moving both side and is trading in a wide range. After 3 trading session the market has closed above 21800 levels which is another positive for a bullish move in the market.
Wait for the price action near the levels before entering the trade.
EURJPY 4H buy setup | going to take the buyside liquidity Confirmations:-
1] strong bullish strength from weekly to 4h time frame
2] break of structure
3] Fibonacci 50% zone
4] imbalance area
Target confirmations:-
1] buyside liquidity - 1:3.4 RRR
Banknifty weekly analysis for 12/02/24.Banknifty has been trading in a wide range of 2000 points for last three week and is constantly trading around weekkly 20 ema.
Though it has closed below the moving average and took a retest of 61.8% fibonacci level, giving a nice fall after it.
Bullish trade in the index can be trade once it sustains above 46900-47000 zone as it will confirm a W pattern and take out fib rejection levels too.
It is trading between the moving averages on the daily charts. Banknifty is kind of consolidating between the two and a blasting move can be seen once there is a break out or break down of the levels.
Major support level for the market is 44550 and major resistance is around 47000 levels. 16 trading session and 23 days market has been trading between these two levels.
Positional long F&O trade should be initiated after the levels are taken out. Short strangle with SL of the two levels can be entered and can be benefitted.
Major support levels :- 44970, 44500
Resistance levels :- 46000, 416510-80
Wait for the price action near the levels before entering the trade.
NATCO PHARMA - Bullish Consolidation Breakout with VolumesNSE: NATCOPHARM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 12% to 18% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
STRONG REVERSAL but still showing indecisiveness As we can BANKNIFTY showed strong upmove as analysed in our previous analysis and we did see close to 2 percent upmove in single day and hence we still stand by our saying of buying the dip till our zone is respected but each time the zone gets weaker hence more of tests of the demand zone could lead to huge downfall as it would break both the trendline and the demand zone so plan your trades accordingly.
NZDUSD 4H short position | fvg entry updateThis is the update of my previous post on NZDUSD 4H sell setup , beautiful 1:3.5 RRR trade
VAIBHAV GLOBAL - Bullish Swing ReversalNSE: VAIBHAVGBL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 12% to 19% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
FinNifty weekly expiry analysis for 13/02/24.FinNifty has closed 280 point lower on the daily charts, testing the 200 ema.
The closing is around the moving average and once the averages is breached there are chances of it filling a gap upto 19700 levels.
It has closed below the round number figure of 20k and consolidated near the lower levels, which shows that there are chances of a trending move on the expiry day.
Even the VIX has gone up by almost 4% which will give option buyer some higher option premiums and decay may eat way the profits.
Tomorrow is weekly expiry and last two expiry were sideways. Probability of a trending expiry is high and on the bearish side as per the technicals.
Major support levels :- 19840, 19730, 19640
The index is showing a Lower High Lower Low formation and sell on rise is the market cycle.
In case of a gap down, a sell off can be seen in the markets as there the momentum is on the same side. In gap up opening there will be a confusion as it will create indecision in the markets.
Resistance levels :- 19980, 20220
Wait for the price action near the levels before entering the markets.
Nifty weekly analysis for 12/02/24.Nifty on the weekly charts is holding the higher levels. Still the index is looking confused about the tren.
It is respecting the daily 20 ema and a nice support is taking from it. A long legged doji is formed on the close and still above the moving averages.
There was a consolidation on the last trading day and chances of a trend move in the coming session is there.
Let markets decide whether it wants to go to form a higher level or retest the lower levels.
Major resistance is around the ATH of 22126 as it has reversed from it forming a double to pattern. A bearish trend will be confirmed by a daily candle close below the neck line forming a M pattern.
Support levels :- 21650, 21500, 21370
The market trend is still in confusion. Wait for either side move and take trading in the direction market move.
Major resistance levels :- 21810, 21875, 22000
Nifty has retested 50% fib level of the previous leg and if a bullish move is expected it should try to hit another ATH.
Positional and swing trader should take on with banknifty as there is a confusion in nifty as there is an inside candle on the weekly charts.
Wait for the price action near the levels before entering the market.
Dalmia Bharat Cmp 2127 Hammer Candle @ supportDalmia Bharat Cmp 2127 dated 9-2-2024
1. Hammer Candle @ support
2. RSI reversal from support
Buy above 2140 target 2180-2225-2250-2275-2300 SL 2070
It is just a view, please trade at your own risk.
ASTRAL - Bullish Consolidation with VolumesNSE: ASTRAL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 11% to 16% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Petronet LNG Cmp 270 Three Black CrowsPetronet LNG Cmp 270 dated 9-2-2024
1. Three Black crows @ top of the chart.
Sell Below 264 target 262-258-254-250-246-241 SL 280
It is just a view, please trade at your own risk.
NZDUSD 4H short idea | FVG setup Confirmations:-
1] market structure shift
2] order block
3] fvg entry
4] trend continuation
5] engulfing bar candlestick confirmation
Target:- 1:3.5 RRR
Swing or Positional Opportunity in TridentGo Long above 46.8 for Targets of 52.7, 55.65 and 58.6 with SL 43.85
Reasons to go Long:
1. On a daily timeframe the stock gave Trendline breakout.
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
SRF - Weekly AnalysisIn the Weekly Chart of SRF ,
we can see that, it is at decision making point.
expected momentum is shown in chart.
DMART - Weekly AnalysisIn the Weekly Chart of DMART ,
we can see that, it is at decision making point.
Possible momentums is shown in chart.
ATUL - Weekly AnalysisIn the Weekly Chart of ATUL ,
we can see that; it is holding its position since 2 weeks with a Hammer candle.
We can see a Upward momentum from here.
