Happy Independence Day!
(For all the Flag patriots, know that these flag-drawings are just symbolism.
These are not Indian National Flags, since they dont hv Ashok Chakra! nor official correct dimensions.)
Weekly / hourly Flag patterns ! Pick your Winners!
Axis(w)-->
Nelco (w)-->
Sbi (w)-->
Bajaj Electrical (4h)-->
Airtel (w)-->
Jindal...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.00001308).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SHIBUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
The stock has given a 15 month old trendline breakout and looks good above 604 for positional targets of 620, 650 and 685.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing...
NIFTY Intraday Trade Setup For 16 Aug 2022
Buy-Above 17725
Sl- 17670
T-17800 17870
Sell-Below 17660
Sl-17710
T-17600 17550
NIFTY has closed mild positive on last Friday. Closing is near day high. Above Friday's high- 17725 we will head higher towards 17800 and 17870. We have enjoyed a very good rally from 15950 till 17700+. We may consolidate at higher levels...
BANKNIFTY Intraday Trade Setup For 16 Aug 2022
Buy-Above 39090
Sl- 38970
T-39222 39355 39517
Sell-Below 38955
Sl-39070
T-38821 38740 38650
BANKNIFTY has closed a positive sentiment with more than 0.4% gain. It has closed above the psychological level 39000. Index is bullish till it closes above previous day low. Closing below PDL will be a sign of weakness in...
Tata Steel Cmp 112.65 dated 12-8-2022
1. Inverted Head & Shoulder Pattern on Chart.
2. BO @ 112
Buy @CMP for tgt of 115-118-121-125-130-138
SL 105
It is just a view, pls trade at your own risk.
Amaraja looks very strong on weekly chart, gives breakout on falling resistance trendline and closed above strongly, relative strength indicator gives signs of coming bullishness in this stock. Fundamental strong counter.
CAUSE OF LONG-:
1- Falling resistance trendline breakout.
2- Gaining volumes regularly.
3- Relative strength indicator breakout.
4-...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.07323).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Wishing all my friends, followers , well wishers etc. , AZADI ka Amrit Mahotsav (75th Independent Year of India ) .
Nifty - Monthly Chart
Don't try to Interpret the chart or its breakout as i used it only for graphical purpose for Independence Day Event :)
Thanks ,
Chintamani
Support shown is a good price for long term collectors to add
also, if it gets breached, I would say wait for a decent % of correction before start averaging down
Bitcoin Multi Pattern Breakout Analysis
Currently, BTCUSDT is at $24833
Bitcoin ( BTC ) . In an hourly time frame Bitcoin was observed in an Rounding Pattern Structure . It seems bitcoin has created a strong base structure for bull move.
Rounding Bottom : A rounding bottom, a chart pattern used in technical analysis and identified by a series of price movements...
