Channeltrend
nifty sharp fall in sharp downward channel done 50% fibnifty moving down in sharp downward channel..
today done 50% fib near 16900
next fib 61.8% comes near 16600
Till its in falling channel.. bears power will continue...
sell on rise till its below 17190...
FII is selling heavily.. and till they turn into buyers... no hopes for sustained upmove
last rise of 18115 also came as FII did turn into buy just 2-3 days before the hdfc twins merger
event over and they started dumping again..
views are educational..
Will we break the channel or will remain in consolidationOver the past few months, the index is oscillating in the channel, it is a continuation pattern.
It tried to breach the upper trendline but fail to do so
It opened above the previous high but couldn't sustain above it and ended up forming a bearish candle.
Global cues are not in favour to break this level, we may see a downward rally. Upside the green trendline is resistance and the 17600 level holds an important support.
BTCUSDChannel pattern formation on BTCUSD on a 15min timeframe ! Target should be around 47300$ !
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🔹I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
🔹incase of BTC crash ! This chart is invalid !
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How to better time your entry and exit in Swing Trading?This charts shows the possible areas where one can look for trading opportunities (through Price Action Strategy) and be profitable from it. Swing Trading is better for beginners in Stock Market and Price Action is one of the ways to approach Stock Market. Through Price Action, one can identify the current market structure (uptrend/downtrend/sideways) and so better trading decisions can be made, which will pave way to better time entry and exit. Drawing trendlines, patterns, support and resistance and reading candlestick patterns are some of the ways in Price Action Trading. A good price volatility of a stock is essential especially from the traders perspective, as traders tend to make profit from the market using its volatility. Another important thing in taking up a trade is choosing the right Time Frame because in terms of volatility many of the stocks would fit into 1 Day time frame, some stocks would fit into 1 hour time frame, 4 hour time frame or 30 mins time frame etc. With all this in consideration, one can be expected to make entry in breakouts and shorting in breakdown. One should manually go through as much charts as possible and add to their watchlist that fits into their strategy. This roadmap is one of many ways to approach trading in Stock Market. This is just for Educational purpose. Thank You
USDCHFChannel patter formation on USDCHF on a Weekly timeframe ! Target should be around TP1-0.941 ! TP2-0.966 ! SL-0.893 !
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I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
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HINDUSTAN PETROL
Channel patter formation on HINDPETROL on a daily timeframe ! Target should be around ₹375-385 !
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
Thank you!!!
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TATA STEEL - DAILY Chart Analysis 26.11.2021TATA STEEL as per daily chart analysis has taken the trendline support at 1112 level and if it breaks then next support at 1046 level and from here the stock should consolidate for the reversal. However one can see a fresh buying opportunity only after full correction completed.