Chart Patterns
#WEL C&H BreakOut in Daily chart📊 Script: WEL
Key highlights: 💡⚡
📈 C&H BreakOut in Daily chart.
📈 Price gave a good up move and consolidated before BO.
📈 Volume spike on Breakout
📈 MACD Cross Over
📈 One can go for Swing Trade.
BUY ONLY ABOVE 177 DCB
⏱️ C.M.P 📑💰- 177
🟢 Target 🎯🏆 – 24%
⚠️ Stoploss ☠️🚫 – 11%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Kaynes bouncing from channel support and 50 D
#Kaynes Technology. Looks good for a Swing.
Entry: Buy Small quantities in CMP(6547)
Stop Loss (SL):Marked at ₹5,806.30,
Target (T1): ₹7,697
✅Channel Pattern: The price is moving within an ascending channel, respecting both the upper and lower trendlines.
The recent pullback appears to have tested the lower trendline support, followed by a bounce.
✅The stock is trading above the 200-day moving average (yellow line), signifying a bullish long-term trend.
✅Stock Takes support at 50 DMA. Right now it is bouncing from channel support and 50 DMA.
✅A sharp green candle on strong volume indicates renewed buying interest at current levels.
📎Strategy:
Buy at CMP in small quantities to reduce risk, as per the chart's suggestion.
📎Watch for:A strong close above the middle of the channel for confirmation of bullish momentum toward the target.
Exit the trade if the price breaches the ₹5,806.30 stop-loss level.
⚠️Overall Trend is bearishI'm Not sure if this is the beginning of a bear market or a Bull Market Correction. So keep the positions limited. Do not go full-on. Keep your capital safe and manage the risk properly.
CUBEXTUB - Good Volume and BreakoutView : Bullish
Entry Zone- 120 - 100
Exit Zone - Based on Trader mindset.
Stoploss : Close below 83
Trading Edge: Price action
Risk/Reward Ratio: 1:2
Timeframe: Weekly
Notes: Price consolidate since March 2024 and now it breakout the triangle pattern and trendline with good volume. Only problem in this stock is it might go into circuit based on its past. Low volume stock.
BTCUSDT (Bitcoin) will move towards 100K$Scenario 1: Buy/Long Position
✅ Conditions for Entry:
BTC needs to hold the Demand H4 zone (91,000 - 92,500 USDT).
Wait for a pullback to the Demand zone with confirmation signals (e.g., Pin Bar, Bullish Engulfing, or a strong Breakout).
📌 Buy Order Details:
Item Value
Entry Point 92,000 - 93,000 USDT
Stop Loss (SL) 89,000 USDT
Take Profit 1 (TP1) 97,500 USDT
Take Profit 2 (TP2) 100,000 USDT
Take Profit 3 (TP3) 102,000 USDT
📝 Explanation:
Entry: Wait for the price to pull back to the Demand H4 zone before entering a long position.
Stop Loss: Place the Stop Loss below the Demand H4 zone to protect your capital if the price breaks the support.
Take Profit: Take partial profits at key resistance levels (97,500 - 102,000 USDT).
📈 Risk-Reward Ratio (R:R):
For an Entry at 92,500 USDT and Stop Loss at 89,000 USDT:
TP1 (97,500) = 1:1.4 R:R
TP2 (100,000) = 1:2 R:R
TP3 (102,000) = 1:2.7 R:R
🧩 Scenario 2: Sell/Short Position
✅ Conditions for Entry:
BTC must face strong resistance at the Supply Zone (98,000 - 100,000 USDT).
Look for rejection signals (e.g., Doji, Shooting Star, or Bearish Engulfing) in this zone.
The price should fail to break above the descending trendline.
📌 Sell Order Details:
Item Value
Entry Point 98,000 - 99,000 USDT
Stop Loss (SL) 101,000 USDT
Take Profit 1 (TP1) 95,000 USDT
Take Profit 2 (TP2) 93,000 USDT
Take Profit 3 (TP3) 91,000 USDT
📝 Explanation:
Entry: Wait for the price to hit the Supply Zone and show rejection signs before entering a short position.
Stop Loss: Place the Stop Loss above the Supply Zone to protect your capital if the price breaks the resistance.
Take Profit: Take partial profits at key support levels (95,000 - 91,000 USDT).
📉 Risk-Reward Ratio (R:R):
For an Entry at 98,500 USDT and Stop Loss at 101,000 USDT:
TP1 (95,000) = 1:1.4 R:R
TP2 (93,000) = 1:2.2 R:R
TP3 (91,000) = 1:3.0 R:R
Good luck!
Nifty: Breakdown Structure in PlayNifty has entered a breakdown structure around 23,460. Sustaining below this level could lead to a test of the 22,700 zone.
Bulls may regain strength only if Nifty reclaims the 23,500 area. Watch these levels closely for the next move.
Disclaimer :
This analysis is for informational purposes only and not financial advice. Conduct your own research or consult a financial advisor before making trading or investment decisions.
Bank Nifty - Is this A Rising Wedge from 47898 As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone
Falling From 49000 Level
Support Zone 48500-48600
Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by cultural sentiment and Budget expectations. Will Budget 2025 keep the trend alive? 🌞
This comes after a 26-day fall in major benchmark indices, which started on 5th Dec 2024.
In the last two days, the index surged from 47,898 to 49,000. However, during the first half of today's session (15th Jan 2025), it fell below 49,000, hitting a low of 48,522 as shown in the snapshots
HMT cmp 67.25 by Weekly Chart viewHMT cmp 67.25 by Weekly Chart view
- Price Band 70 to 73.50 Resistance Zone
- Next Resistance Zone seen at 80 to 82.50 Price Band
- Volumes gradually seen as rising over past few weeks
- Price is shouldering along the Rising Support Trendline
- Price is attempting to cross above 2nd Falling Resistance Trendline
- 1st dotted Falling Resistance Trendline crossed and price sustaining above it
- Weekly Support seen at 56 > 42 > 27 with the Resistance at 80 > 90 > ATH 105
Nifty outlook for the yearNifty chart analysis for coming few months :
1. Overall trend still remains bullish but deep pullback now similar to 2021 ( marked in circle ) .
2. Market might come down to next support 22,500 - 22,600 at breakout point of election result day .
3. Weekly chart shows market respecting swing lows since 2020 . Last swing low is 21,200 . As long as market doesn't break swing low , current trend is bullish .
4. Decent price for long term investment and SIPs
Cheers !
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Marico Ltd view for Intraday 15th Jan #MARICO
Marico Ltd view for Intraday 15th Jan #MARICO
Resistance 670 Watching above 672 for upside movement...
Support area 650 Below 660 ignoring upside momentum for intraday
Watching below 648 or downside movement...
Above 660 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Pre Market analysis for 15/01/2025Pre Market analysis for 15/01/2025
#NIFTYBANK
If market opens flat and breaks 49000 level, will plan for buying for target 49500 level.
If market opens gap down, and sustains below 48500 will plan for selling for target 48000.
If market opens gap up, and sustains above 49000 level, then plan for buying for target 49500.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Gold Trading Between Key Support and ResistanceGold is currently trading around $2,671, positioned between a critical support zone and a resistance level. The market shows signs of consolidation, with a slight downward move likely to occur.
The support zone near $2,664 remains a crucial level for buyers. Recent price action suggests strong interest from bulls at this level, preventing further declines. However, if this support fails, the price could drop, potentially testing the $2,662 area. Consider looking for buying opportunities from this support zone.
On the other hand, the resistance near $2,685 has proven to be a formidable barrier. Any attempt to break above this level will require significant momentum. A breakout beyond this resistance could lead to a rally toward the psychological level of $2,700, signaling renewed bullish strength.
HCL Technologies Ltd view for Intraday 15th Jan #HCLTECH
HCL Technologies Ltd view for Intraday 15th Jan #HCLTECH
Resistance 1840 Watching above 1842 for upside movement...
Support area 1800 Below 1820 ignoring upside momentum for intraday
Watching below 1792 or downside movement...
Above 1820 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Mahanagar Gas Ltd view for Intraday 15th Jan #MGL
Mahanagar Gas Ltd view for Intraday 15th Jan #MGL
Resistance 1280 Watching above 1282 for upside movement...
Support area 1250 Below 1260 ignoring upside momentum for intraday
Watching below 1248 or downside movement...
Above 1260 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Piramal Enterprises Ltd view for Intraday 15th Jan #PEL
Piramal Enterprises Ltd view for Intraday 15th Jan #PEL
Resistance 1030 Watching above 1033 for upside movement...
Support area 1000 Below 1015 ignoring upside momentum for intraday
Watching below 999 or downside movement...
Above 1015 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
State Bank of India view for Intraday 15th Jan #SBIN
State Bank of India view for Intraday 15th Jan #SBIN
Resistance 760 Watching above 765 for upside movement...
Support area 735 Below 755 ignoring upside momentum for intraday
Watching below 734 or downside movement...
Above 745 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Pre Market analysis for 15/01/2025
Pre Market analysis for 15/01/2025
#NIFTY50
If market opens flat and breaks 23260 will plan for buying for targets 23370 level.
If market opens gap down, and sustains below 23150, then plan for selling for target 23000. level.
If market opens gap up, and breaks 23260 level, then plan for buying for target 23370 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
United Spirits Ltd view for Intraday 15th Jan #UNITDSPR
United Spirits Ltd view for Intraday 15th Jan #UNITDSPR
Resistance 1450 Watching above 1453 for upside movement...
Support area 1400 Below 1435 ignoring upside momentum for intraday
Watching below 1397 or downside movement...
Above 1415 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks.