Chart Patterns
Nifty outlook 19th Oct 2023Closing Range - 19558/19783
Extended range - 19476/19865
Nifty gave an unexpected downward move of 180 points due to global unrest. Low volumes in the last 2-3 days was hinting this maybe. The major support of 19700 was also broken. Now the next support is at 19600 & then 19550 and 19800 on the upside.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
Nifty outlook 18th Oct 2023Closing Range - 19700/19921
Extended range - 19618/20003
Bearish Harami formed in the previous session was negated today by a bullish hammer. The volumes are slightly better than yesterday's session. We again saw Indiavix cooling by another 3.5%. All these indicate a restricted downside. Nifty took resistance at the middle of the newly identified upwads channel. No major red flags today. We have seen stock reacting to results after a day or two. If HDFC Bank runs tomorrow, we have see shosrtcovering in Nifty post 19850.
Possible trade: Risk reward ratio is in favour of bulls. You can do long with low of 17th Oct as SL.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
Nifty outlook 17th Oct 2023Closing Range - 19616/19845
Extended range - 19533/19928
Low volumes, Bearish Harami candlestick pattern and unwinding of 1.4 Cr puts, all indicuate that Nifty will go lower from present levels. The only saving grace is a 4% jump in Indiavix indicating a restricted down side, which is expcted will about 19700. That said, nifty has formed a small uptrending channel and risk reward seems in favour of bulls. HFDC bank results are also good, if it provides leadership to Bank Nifty, Nifty cn can also move upwards. Oveall, it appears to be an uptrending or a sideways market.
Possible trade: Observe price action on HDFC Bank tomorow and accordingly take trade in Nifty keeping the 2 day ranges in mind mentioned above.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
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Topic - Option Trade and Trading 💸💸💸💸👑🤑
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In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
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#This channel Purpose to share market ideas.
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Nifty outlook 16th Oct 2023Closing Range - 19641/19860
Extended range - 19561/19940
Nifty closed just above 20 DMA and has support of 50 DMA at 19607. Nifty closed in green with a high volume on 13th Oct. There was some nervousness at 19800 levels through. Looks like bulls want to eliminate all doubts before moving back into the channel. That's why it came down to fill the left gap. Such things conveys the upward momemtum is going to be high whenever the breakout comes. Traders are still not advised to become complacent through since there is global unrest. Also, there has been times when US market reacts on bad news after a day (remember their inflation no.s were not good on 12th Oct) Bullion & Crude is also on the rise again.
Possible trade: Though we can get a trade on either side of the market but looks like we can get more points on the short side if low of the last session is broken.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
(Date on the video is incorrectly stated as 14th Oct 2023. This video idea is for 16th Oct 2023)
strong nifty 50 buy patternHello Wonderful people . This is akshay baheti .. proper Dow pattern explanation in the video , do watch it . 20k target soon on your screen. within 2 weeks you will see a positive change in market . pattern , retest , patients everything tested . now we see what market does .
Bank Nifty - Oct 16Pattern : Rounding Top.
Range : Medium
Trend strength : Normal
Buy Above : 44260.
Stop Loss : 44180.
Targets : 44320, 44400, 44520 and 44600.
Sell below : 44080.
Stop Loss : 44160.
Targets : 44000, 43920, 43860 and 43720.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
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Reliance IMPORTANT LEVEL
We buy CALL and my Target in Video
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
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PROS
Company has reduced debt.
Company has been maintaining a healthy dividend payout of 35.7%
CONS
Stock is trading at 12.8 times its book value
Promoter holding has decreased over last quarter: -0.40%
Nifty outlook 13th Oct 223Closing Range - 19684/19903
Extended range - 19603/19984
Nifty got rejection from 19840 levels on both 11th & 12th Oct and formed a spinning top candle in the last session, meaning indecision. Indiavix cooled off by another 3.3% today indicating a limited downside. Overall appears to be a sideways move on 13th Oct. Nothing much to read into OI date since today was expiry. At this juncture, Nifty is capable of giving a break out into the uptrending channel or can come down to fill the gap till 19700. Trade basis price action around max pain area during the day or step away for a day.
IT can be a mood spoiler in the next session as well and it does so, we can see Nifty come down till 19700 to fill the gap.
Possible trade: Risk reward is in favour of bulls, so plan your day accordingly.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
Option's By Professionals Player's 🤑👑👑Royal Trend👑
Topic Trading Things
#If u Buy stock without stop loss that mean U are weak in Physiology
#Train Your self To take small trade with Stop-loss
How to make Big Profit💸 With Small Account
In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏