Get started

Chart Patterns

RECLTD - Downside target of 420 is OpenScript: RECLTD CMP: 491 TF:90 Minutes With today's move, RECLTD has done the following: - Broken down from the Symmetrical Triangle - Pattern target is 85 points - Broken the 200 DEMA decisively after multiple attempts - Closed below 500 (multiple attempts to close below 500 have failed in the past) - Broken 484 support - Trading below 20 WEMA for several weeks now - Trading below the cloud, Baseline and conversion line - 20 MEMA is placed at 420 levels.. If we dont close above 540 by end of Nov, most likely we will hit 420 in Dec - Taking support at the Weekly SuperTrend for now. Hoping for it to break and close below it (480) on weekly TF - 200 Period EMA on 90 minutes TF poses a strong resistance () Currently it is placed at 530. So any pullback to 530 level is a blind sell, unless or otherwise the candle closes above I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:RECLTDShort
by Murthy_Santhosh
NIFTY50: INSTITUTIONAL LEVELS FOR 09/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
BANKNIFTY: INSTITUTIONAL LEVELS FOR 09/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
MCX - Do you still want to chase FOMO? CMP: 6920 TF: Daily The current impulse from 2917.85 is on the fag end of the 5th move, and it could end/terminate anytime. Divergence seen on daily, although another 5-10% move on the upside cant be ruled out.. But be sure if you want to chase the price at this level just because of the latest price action moves. Just so can see, larger degree 5th is also in play now.. so, once this move is over, the pullback will be a bit deeper (retracing the entire move from 1140 level to 7K levels) Waves 0-1-2-3-4 Path with internal counts Investors - Trail your SL with tight SL Traders - Dont jump, better to wait for the right opportunity (significant weakness followed by a bounce is the ideal time to go short) I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:MCX
by Murthy_Santhosh
Gold Trend Forecast This Week (December 9 - December 13)Gold trend is unlikely to decline sharply, although the US Non Farm News was very good, Gold still bounced 264x, when it fell to the price range of 2626 - 2627. This week, there was quite a lot of news supporting Gold's increase such as: US CPI news may decrease slightly compared to expectations, creating conditions for the FED to continue to reduce interest rates. Central banks such as Canada, Switzerland and Europe ECB continue to cut interest rates next week. Although the gold market is currently quiet, this could be an accumulation period before a potential price increase. Investors need to closely monitor developments and prepare for future opportunities. The Central Bank of China announced that it had bought gold again and the war situation in Syria at the end of the week caused gold to have a gap of 15 prices this morning. Gold Price Forecast Christopher Vecchio, an expert at Tastylive, said he is neutral on the gold market. He believes that gold prices need to break through the resistance level of $2,725/ounce to create new growth momentum. Kitco forecasts that gold prices may fluctuate in the range of $2,600-2,800/ounce by the end of 2024. Factors such as the Fed's monetary policy and geopolitical tensions will affect gold prices in the coming time Good Buy Plan : Buy 2620 - 2618 SL: 2615 TP: 2635 -2642 -2655 - 2699 or even Buy 2610-2608 SL: 2604 TP: 2618 - 2642- 2699 Gold will decline to 2567.89 if it breaks 2600 (This case is quite low) Sell Plan: Sell: 2663 SL: 2668 TP: 2656 - 2652 Sell: 2688 - 2690 SL: 2673 TP: 2674 - 2666 - 2654
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
CrudeOil Intraday Technical Analysis for 09 December🚀 Unlock the potential with my #CrudeOil Intraday Technical Analysis for 09 December 2024! ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ 📍 Range Trigger Point (RTP): 5,724 📅 Day Range: 114 📈 Long Position 🔹 Buy Above: 5,760 📊 Average Position: 5,747 🎯 Target 1: 5,794 🎯 Target 2: 5,838 ⛔ Stoploss: 5,722 📉 Short Position 🔹 Sell Below: 5,734 🎯 Target 1: 5,654 🎯 Target 2: 5,610 ⛔ Stoploss: 5,772 ✨ With over 6 years of research and back-tested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets. My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other important signals, I identify the best price ranges, entry points, timing, and appropriate stop-loss levels. I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈 #CrudeOil #CrudeOilMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
MCX:CRUDEOIL1!
by NumroTrader
Hindustan Aeronautics Ltd. - Breakout OpportunityDate : 8-Dec-2024 LTP : Rs. 4,559.65 Targets: (T1) Rs. 5,082 --> (T2) Rs. 5,674 --> (T3) Rs. 6,758 SL : Rs. 4,044 Technical View: • NSE:HAL is in primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 5,674.75 on 9-Jul-2024, it has retraced 31% to 3,920.35 level. • NSE:HAL has recently breakout from it's secondary downtrend with higher than average volume. • NSE:HAL is trading above 20 DEMA and 50 DEMA since last few sessions. • RSI is in buy zone and trading at 62.64. MACD has crossed 0 line and trading at 63.50. • Both RSI and MACD are showing positive divergence, indicating trend reversal. • Looking strong to start a new swing from here. Liked the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:HALLong
by vicky252
Multi Commodity Exchange (MCX)MCX presents a compelling buy opportunity based on the formation of a Bottom Rounding Pattern, a bullish reversal signal indicating a transition from a downtrend to an uptrend. The stock has broken above the key resistance level of ₹6800 with strong volume, confirming the breakout. The height of the pattern suggests a long-term target of ₹9600, offering an upside potential of approximately 39%. For swing traders, an entry at ₹6920 or on a pullback to ₹6800, with a short-term target of ₹7200-₹7500 and a stop-loss at ₹6650, provides an excellent risk-reward ratio of ~1:10. Positional traders can aim for the full target of ₹9600, holding for 3-6 months. Volume spikes during the breakout further validate the pattern, while the strong support at ₹6800 minimizes downside risk. Despite potential market volatility, the technicals and breakout strength make MCX a strong buy candidate for both traders and long-term investors.
NSE:MCX
by Simplecharttraders
BLS International - Cup & Handle Breakout (2 Cup & Handles)BLS International is giving a All Time High Breakout and Cup & Handle Breakout. We can see price moving towards 555 and 720. Other factors: 1. Highest Top-line; Profit and EPS 2. Sky is the limit for growth 3. One of the top 5 companies in this sector 4. Moving from 3rd party processing center to self owned centers - adding to more profitability 5. CUP & Handle in both Weekly & Daily time frame 6. Steady volumes Keep following @Cleaneasycharts as we provide Right Stocks at Right Time at Right Price. Cheers!!!
NSE:BLSLong
by Cleaneasycharts
2
BANK NIFTY INTRADAY LEVELS FOR 09/12/2024BUY ABOVE - 53670 SL - 533690 TARGETS - 53890,54150,54400 SELL BELOW - 53390 SL - 53670 TARGETS - 53190,52970,52800 NO TRADE ZONE - 53390 to 53670 Previous Day High - 53890 Previous Day Low - 53190 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 09/12/2024BUY ABOVE - 24760 SL - 24650 TARGETS - 24860,24950,25020 SELL BELOW - 24650 SL - 24760 TARGETS - 24570,24500,24420 NO TRADE ZONE - 24650 to 24760 Previous Day High - 24860 Previous Day Low - 24650 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP