VCP on Ganesh EcospherePrice and volume contraction with a VCP formation.
Resistance need to be taken out. long on break of resistance
Candlestick Analysis
IRFC Forming Double Bottom. Keep an eye on IRFC
-Forming double bottom at the support level.
-Slight improvement in volume.
-If closed above 162, it can bring in positivity and momentum.
Positional SL is 15%. Adjust the SL and Target as per your trading Style/Risk appetite.
GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern.
You can use this opportunity because it has a very good risk to reward ratio.
Entry: Long above ₹389.80 (the high of the bullish engulfing candle)
Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern)
Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio
Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade.
Disclaimer: This is not financial advice. Please do your own research before making any trading decisions.
Remember, trading involves risk. I can't guarantee that this trade will be successful.
Also dont forget to share and boost, thank you for all your love and keep supporting like you do, helps me work harder..
ETH/US 4H TF Analysis Price continues its uptrend while forming higher highs and being mitigated within a Fair Value Gap (FVG).
A long wick signals mitigation (indicating liquidity being grabbed to move forward); therefore, we can expect the price to continue moving upward after the last mitigation.
NOTE: We can be 100% wrong. This is not a buy/sell recommendation; it's for educational purposes only!
Nifty analysis for 11/12/2024.
Nifty is in a range bound cycle after the bullish move from the recent low. 50% Fibonacci levels is acting as a crucial resistance level for the market.
Overall market seems bullish but still the market can take the resistance form fib levels and revert to continue the bearish trend.
The moving averages on the hourly charts are near to the trading price and it can move either way.
Major support levels :- 24500, 24330, 24170
Resistance levels :- 246660, 24770
Wait for the price action near the levels before entering the market.
Bajaj Auto Swing Idea (Long)Bajaj Auto is showing a reversal to upside due to following reason:
1)3 attempt for reversal this the 4th attempt for
reversal, might break the doji swing high
2) Parallel channel formation/ wedge pattern
3) Doji candle formation indication of reversal.
(Note: Author not responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
IRFC - Weekly AnalysisIn the Weekly Chart of IRFC ,
we can see that; after strong selling, it is trying to recover with W shape recovery pattern.
Possible momentums are shown in chart.
IXIGO - Weekly AnalysisIn the Weekly Chart of IXIGO ,
we can see that; it is at decision making point.
Possible momentums are shown in chart.
KHAICHEM - Weekly AnalysisIn the Weekly Chart of KHAICHEM ,
we can see that; it has created a Halt candle after W Pattern breakout.
Enter on breaking its high with Low as SL.
OFSS watch for a breakout of Base.Good pattern.
-Trying to break out of the box.
-Inverse H&S on DTF
-Narrow range inside candles on DTF.
-Dry volume
Breakout traders wait for a breakout of the base. Positional traders can look for building positions given in the chart.
The view and chart are shared just for educational purposes. Please do your research before investing.
Wabag forming Base on Base- Watch for a breakout. Forming a good structure, base on base with good narrow candles forming in DTF. Add to your WL and watch out for a breakout.
The risk is 15%
The reward is 18.45%
RR: 1:1.2
BSE is breaking out BSE is breaking out from its resistance with good candle and volume.
good consolidation near resistance and then breakout,
good for swing trade
ATH _BSEHi traders,
Currently BSe trading at ATH.
Kindly see chart 📉 for discription.
Happy Trading!!
ORIENTHOT breaking outORIENTHOT breaking out from its resistance zone.
strong green candle with huge volume. and clean breakout.
good for swing setup
Nifty weekly expiry intraday levels for 25/12/2024Nifty has given a nice closing around the resistance zone and a good support on 20 EMA is there on 30 minutes.
Tomorrow is weekly expiry and a volatile trading day will be there as all the volume will be in this only index tomorrow.
Support levels :- 24460,24345
Resistance :- 24570, 24670
If market consolidate in the first half and gives a break out, trending move can be capture either side.
Wait for the price action near the levels before entering the market.
Short_GranulesHi Traders,
Short Entry at Granules with news bases trades.
speculations say that US raised 6 observations from from Major Plant which gives 70% of revenue from that plant.
Read Chart for more description.
Happy trading!!Only for educational purpose.
Breakdown: Head and Shoulder PatternNifty is showing head and shoulder break down
Target 21000 -21200
Stop loss 24500-24600
Pullback possible upto 23800-23900
GSFC - Trendline breakout and Good Morning star candle formationThe price has been consolidating since March 2024, respecting the 188 range on the daily timeframe. Last week, it broke out of the trendline within the wedge. On the weekly timeframe, the candlestick formation resembles a morning star, which is a positive signal. We can expect the price to reach the resistance line of the wedge, around 288 INR. This setup is suitable for swing trading.
BALMLAWRIE - Wedge formation and Morning starThe price has been consolidating since January 2024, forming a wedge pattern. Recently, a morning star candlestick formation has appeared, which could be considered as a potential signal. However, it might be better to wait for a trendline breakout for additional confirmation.
BEML - Price at support line and Morning star formationPrice respect the black color trendline since May 2023 and it remains in 3700 for quite some time. Also, it forms morning star previous week in Weekly Timeframe. We can have stoploss at 3679 if it closes below that line in weekly timeframe.
Nifty analysis for 03/12/2024Nifty has been trading in a range for last five trading session and there are possibility of a trend reversal as the chart seems to me.
It is trading around the Hourly EMAs and has closed above it after good fall on Thursday.
If there is a break out of the resistance zone, 24500 can also be breached and new highs around 24730 can be seen.
A base and W pattern formation is there around the low created. Buy on dip can be done once the crucial round number figure is taken out.
Resistance :- 24350, 24500, 24940
Support zone :- 24090-24140
The market is looking strong for the coming days. Market reaching 25k this week or the next can be seen.
Wait for the price action near the levels before entering the market.
API3/USDT - Binance - Buy spotTwitter: the peoject has still activated with many posts.
Technical: break trend line, up soon.
