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Candlestick Analysis

Swing Opportunity in Jindal SteelGo Long @ 932.05 for Targets of 958.1, 996.5, and 1020 with SL 906 Reasons to go Long : 1. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange) is formed around the 0.382 Fibonacci level. 3. Also there is a strong Trendline (marked with green color) which supports the stock.
NSE:JINDALSTELLong
by Nimish_Ghagare
Rane Engine : Momentum Stock#Raneengine #threewhitesoldiers #fairvaluegap #momentumpick #trendingstock #Swingtrade Rane Engine : Momentum Trade >>TWS & FVG Visible >> Bounce back form FVG Visible >> Trending Setup >> Good Strength & Volume Expansion soon >> Potential of more than 20% upside Swing Traders can lock profit at 10% and keep Trailing. If u Like the Analysis, Boost it and Follow us for such Trade Ideas Disclaimer : Stock Charts shared are for Learning Purpose and not a Buy or Sell Recommendations.
RLong
by moneyfesttrading
Nifty weekly analysis for 09/09/2024.The index after a long time has given some momentum on intraday basis and closed below the psycological number of 25k. A bearish engulfing candle on the weekly time frames shows some weakness on the charts. If the market starts trading below the 24800 levels, there are chances of testing lower levels. Hourly 200 ema is also around the support zone, while the daily candle closed below the 20 ema. Major support levels :- 25800, 24600, 24230 Resistance levels :- 24960, 25100 The level and the pattern formed around it shows a significant bearish upcoming move in the market. There are chance of market testing the lower levels as the market cycle seems to chance. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
STRUCTURE vs DATA, who will win..?as we can see despite the break of rising wedge pattern, BANKNIFTY hasn't shown any significant downside move as we were expecting and remained sideways throughout the day after opening weak. Following the structure we can still expect bearishness for coming trading sessions but the DATA( option chain) shows huge OI build in OTM strike prices i.e 51500-52000 respectively which shows bullish bias largely hence unless the zones are breached, BANKNIFTY might remain bullish so plan your trades accordingly.
NSE:BANKNIFTY
by Kaushalfin
Banknifty weekly expiry analysis for 04/09/2024.Banknifty has been lagging behind and is still 1500-1700 points lower from its all time high. The market in the final hour has given a nice upside rally and closed above the round number levels and the resistance zone. An engulfing candle is formed on the daily charts and tomorrow is weekly expiry in the index. If there is a gap up opening there are chances of it giving a nice upside rally. In case of a flat to slight gap down opening, a slaggishness can be seen as the makret is behaving now a days. Major support levels :- 51550, 51310 Resistance zone :- 51880, 52000, 52150 Banknifty has taken a good support from the Hourly 20 ema and given good upside move. If the move continues a trade can be initiated above the resistance zones. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FinNifty weekly expiry analysis for 03/09/2024.Finnifty has been trading in a rising wedge pattern and is trading around the resistance zone of 23800. For a while the market is being good for option seller and hitting option buyer hard. If the trend changes and market starts trading below 23680, a bearish trade can be entered with previous supports as targets. In case the market give a break out of the resistance zone above, a small quantity trade can be initiated. Major support zone is around 23280 and a quality bearish trade can be entered only once the levels is taken out. Other levels for intraday trades are 23680, 23600, 23490 Resistance zone :- 23840, 23970 Wait for teh price action near the levels before entering the market. Keep in mind premium decay will be there as tomorrow is the weekly expiry of the index.
NSE:CNXFINANCE
by TheMamboMomentum
Tour d'horizon paires Forex: GBPJPY/GBPCAD/EURCAD/USDCAD/USDCHFBonjour à toutes et à tous, Petit tour d'horizon des paires forex citées dans le titre. Horizon: swing moyen terme. Le but de cette vidéo est de partager ma vision sur ces paires forex et d'obtenir vos retours constructifs. Je ne fais pas la météo de la veille en disant: "il aurait fallu...". Merci par avance de vos retours constructifs. Que diriez vous d'échanger en live sur un créneau en fin de journée? NB: Il ne s'agit en aucun cas de conseils en investissements. Merci pour vos retours et votre soutien Laurent
by Lvi_Trading