Cup & Handle formation in ZENSARTECHCup & Handle pattern formation completed in ZENSARTECH. The neckline has also been broken. Very High chance to continue upward trajectory.
Candlestick Analysis
Titan Ltd Cmp 3655 Three White SoldiersTitan Cmp 3655 dated 16-2-2024
1. Three White Soldiers after a downtrend &
consolidation.
2. RSI BO
Buy above 3665 target 3700-3725-3750-3775-3800-3850-3880 SL 3550
It is just a view, please trade at your own risk.
THE BIG PICTUREWeekly Ascending triangle
The Resistance has been tested 4 times and support line is continuously drifting up signifying buyers interest.
GTT can be placed at breakout level of 1558, with a stop loss of 1461 previous weekly candle low.
T = R + H, Where: T – target price; R – resistance (horizontal line); H – pattern's height
T= 1558+638.
Trendline BO in #CHAMBLFERTTrendline Breakout in #CHAMBLFERT with an excellent volume. The chart looks strong as the breakout happened with a momentum day candle
CMP 372
Support 355
Tgt 460|515
TATATECH penetrated the Resistance ZoneTATATECH penetrated the Resistance Zone with very good momentum day candle. The volume is also seen comparatively high. High chance to broke the monthly resistance and continue upward trajectory
Multiyear Breakout in VARDMNPOLYMultiyear Breakout occured in VARDMNPOLY with a very good momentum. Now the multi year trendline has been broken. Good volume buildup is seen. The monthly resistance has also been broken.
CMP 83.05
Support 74
Tgt1- 112
Tgt2- 130
CHAMBAL FERTILIZERS - Bullish Swing Reversal with VolumesNSE: CHAMBLFERT 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 17% to 25% 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
BANKNIFTY heading towards new ATH..?As we can see despite the weakness, BANKNIFTY showed its strength and also broke out of the W pattern which was supported by the retest as analysed in our previous analysis! We can expect more of upmove till its new ATH so plan your trades accordingly
CADJPY UPDATEPotential Selling opportunity on CADJPY
Bearish price action overall with our
candlestick analysis pay attention to
price action on the lower TF where you
can find your entry points.
A clean break & retest above 111.63
can open room for further upside
PAY ATTENTION TO PRICE ACTION!!
REC LTD...Reason behind bullish viewRec Ltd..making of a bullish confirmation candle after dragonfly doji candlestick on weekly time frame in downtrend.
Banknifty intraday levels for weekly expiry (06/03/24).It has given a nice up move in a single candle and closed forming a flag and pole pattern.
The market movement is consolidation, a move and consolidation again.
Tomorrow being the weekly expiry banknifty may give a trending move.
Major resistance levels :- 47700, 47830, 48000
If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels.
In case of a flat to slight gap down opening, a bullish move can be captured as per the price action.
Support levels :- 47500, 47280
Wait for the price action near the levels before entering the markets.
TRAP DONE! Now ready for directional move..?As we can see NIFTY broke below the ascending triangle pattern in smaller time frame and showed directional move in first half but recovered strongly in the second half which shows the immense buying pressure of the bulls and every dip is being bought! Hence the breakdown could be a possible trap to which a further continuation of upmove can be witnessed above our given level so plan your trades accordingly.
NIFTY DAILY - 5/3/2024Nifty open with negative note and rangebound throughout the day.
Nifty has formed another Doji candle on daily chart, which indicate indecisiveness among bulls and bears.
Index find immediate support at 22303 level and resistance will be 22520 level.
This suggests caution and the need for careful decision-making in the current market environment.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
ADSL - Bullish Swing Reversal with VolumesNSE: ADSL 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 13% to 20% 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 getting squeezed! Up for big move? As we can see NIFTY is getting squeezed since last few days and had been trading in a tight range. It could be either a distribution phase aur accumulation forming a flag-pole pattern for continuation of the trend so either way a big is coming up anytime sooner so plan your trades accordingly everyone.
Rico Auto BullishRico Auto is breaking all old Highs
July 2005, Oct 2017 July 2023
Keep Watch on this
Fresh Breakout above 144
Targets 169.195 in 2 quarters
Check Fundamentals though
NIFTY DAILY - 4/3/2024Index open with positive note and made all time high that is 22440.
Index has formed Doji candle on the daily chart at the top of the market which indicates thug of war between buyers and sellers as the closing was near the opening levels.
We may see trend reversal in near future.
Next levels for nifty will be 22520 upsides and 22303 level downsides.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Intraday trade in Bajaj Finserv 05/03/24.
Bajaj finserv has tested the upper resistance levels and there are chance of it giving a break out.
An intraday bullish trade can be captured in the stock.
If there is a gap up opening and price is around 1625-30, with a strict stop loss around 1615-20 an entry can be made.
Target levels :- 1647, 1660.
If the Cup and handle formation pattern follows up, Stop loss can be trailed with atleast 1675 as final targets.
Wait for the price to sustain above the resistance zone. Watch the movement in the indices to correlate.
Price action must be watched around the levels and trade accordingly.
Eicher motors around the resistance zone (26/02/24)
The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close.
There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level.
In case there is a pullback and price action near the support zone (3765-3800) shows some positivity, a nice R:R ratio trade can be captured.
Possibility of stock dropping below the support zone is quite less and if it occures, short opportunity will be there upto the next support level.
Major support zone :- 3765-3800, 3600-3625
Positional trades in the stock can be created in this week as per the trend.
On the daily charts market is consolidating and there are chance of a break out. Next thursday being the monthly expiry march expiry options can be trades.
Both side momentum is possible in the stock. Nifty Auto is trading around the ATH.
Wait for the price action on the daily charts and enter accordingly.
FinNifty intraday levels for weekly expiry (05/03/24).Finnifty is still lagging behind the other indices and there are chance of it covering up the move tomorrow.
Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels.
If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the morning.
In case there is a flat to slight gap down opening, wait for it to start trading above the resistance zone or break out in the second half.
Major resistance zone:- 20960, 2110-50
Support levels :- 20830, 20620
It is sustaining the higher levels and has consolidated in a range. A nice trending move on the break out can be seen.
Even watch for the option premiums charts and VIX before entering a position.
Wait for the price action near the levels before entering the market.
Banknifty weekly analysis for 04/03/24.Last week the markets were volatile.
A M pattern formation and immediate reversal forming a V pattern shows the volatility.
The market need to retest of halt on the upper levels before crossing the ATH.
On friday, there was a 2.5% bullish move in banknifty it seem to be bullish as on intraday levels.
Positional trades can also be entered, if market comes to test 46500-700 zone.
Now the resistances on the upper side seems to be somewhat weak.
Major bullish target :- 47600, 47840
Supports are far and there should be a retest.
Wait for the price action near the levels before entering the market.
BORORENEW - Spinning Top with VolumesNSE: BORORENEW is closing with a bullish spinning top 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 16% to 24% 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
Inside Bars on hourly TF.Nifty has formed 3 inside bars on hourly timeframe just outside Wedge breakout
Which side is it breaking out?
