Chart Patterns
20 Feb 2025 - Nifty down 113pts but unable to breakthrough 22781Nifty Stance Bearish ⬇
Over this week Nifty has fallen by 113pts ~ 0.49%, but the bears could not breach the 22781 support level. Now that is serious, we have knocked on this door at least 5 times and every time we got a rejection. The momentum is building up and a breach will take us to 22519 & 22453 in no time.
If we do not break the support then it's good news for the Bulls and we can expect a pullback till 23357. For 38 days we have been stuck in this tight range of 23357 & 22781, which also means a break would be legendary. What is really happening on mid and small caps are the erosion of excesses, it is not that evident on nifty stocks though.
We wish to retain our stance of bearish and go further short if 22781 is breached. If we cannot do so in the current week, a stance change to neutral would make sense.
Key ₹600 Support in Focus Amid Tesla's Potential India EntryTata Motors appears to have key support around ₹600, with no strong buying interest visible until that level. A pullback to test support is likely before any sustained upward movement.
The ongoing U.S.-India tariff negotiations add to uncertainty, particularly for the EV sector. If Tesla secures entry into the Indian market with favourable terms, it could intensify competition, potentially disrupting domestic players like Tata Motors. In such a scenario, Tata Motors' stock could see a sharp correction, possibly retesting the ₹300 levels if investor sentiment turns bearish.
Key levels to watch:
- Support: ₹600 (short-term), ₹300 (major downside risk)
- Resistance:₹750-₹800
what is algo trading ?Algorithmic trading (often called "algo trading") refers to the use of computer algorithms to automatically make trading decisions and execute orders in financial markets. These algorithms are designed to analyze market data, identify trends or opportunities, and execute trades at optimal times, often much faster than humans could. The goal is to take advantage of small price movements, or to follow certain strategies that can reduce trading costs and improve efficiency.
Here are some key aspects of algorithmic trading:
1. **Speed and Efficiency**: Algo trading can process and react to market data in fractions of a second, much faster than a human trader could, allowing for quick trades based on real-time information.
2. **Automated Execution**: Once the algorithm is programmed, it can automatically place and manage orders without human intervention, reducing errors and delays.
3. **Complex Strategies**: Algorithms can implement complex strategies like arbitrage (taking advantage of price differences in different markets), market making (providing liquidity by placing buy and sell orders), or trend-following strategies.
4. **Quantitative Models**: Many algorithms are based on statistical models and historical data to make predictions about future market movements, optimizing trade decisions based on data analysis.
5. **Cost Reduction**: By removing the need for constant human monitoring, algorithmic trading can reduce transaction costs, such as brokerage fees and bid-ask spreads.
Algo trading is widely used by institutional investors, hedge funds, and trading firms, though it’s also accessible to retail traders with the right tools. It’s known for high-frequency trading (HFT), where trades occur at extremely rapid rates.
CIE Automotive India LtdDate : 21.02.2025
CIE Automotive
NSE: CIEINDIA
Timeframe : Weekly
Quarterly Results :
Q3 CONS NET PROFIT 1.85B RUPEES VS 1.69B (YOY); 1.95B (QOQ)
CIE AUTOMOTIVE: Q3 REVENUE 21.1B RUPEES VS 22.4B (YOY)
CIE AUTOMOTIVE: Q3 EBITDA 2.99B RUPEES VS 3.27B (YOY)
Q3 EBITDA MARGIN 14.18% VS 14.61% (YOY)
Regards,
Ankur
Tomorrow 21st feb banknifty will fall 500-800 points sell rise How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st D point : 0% is recent top or bottom.
Trailing SL: 20.2% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 20.2% then early or risky traders can reversal trade ,
Targets :
Target T1 : 28.3%
Target T1 : 37.8 %
Target T3 : 48.1%
T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200%
160.2 to 177.5% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 20.2 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 10.1% ) is used for re-entry then SL recent high or low Point D ( 0% ) .
Target is same as early 20.2% , 28.3 , 37.8 and so on
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
OLA - No Support yet. could fall further only as per chartAfter IPO listing, I suggested few to book profits and exit and OLA will see lower price. But few said IPO is for long term investment and not just for listing gains. chart is showing the lower price now. Reason is OLA has seen new competition, and many companies entered the same business. Its very simple logic. Moreover, OLA having so many customer complaints and going rounds in social media
Deepak Nitrate - Turn around possibleStock made a gap down candle post results
Followed by 3 base candles and a bullish initiation candle
Volume data suggest it may be the climax of down trend
If stocks gives a pull back till 1885 -1910 levels and tries to go up again
High chance it will go up to 2100- 2150
2nd possibility may be it will accumulate here itself before going up
if so happens it is bound to resist at 2100 - 2150 and fall again a little as that area happens to be a gap resistance
Post that 2250 is possible
Volatility is at peak, Market overall sentiment is consolidation
Be cautious before taking trade
Make sure to take confirmations from LTF
Nifty trades and targets for - 21/2/25Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. If we do trades in between these zones premium eating will happen and we end up seeing losses. Book profits every 30 points as we are getting very few trending moves. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
Nifty Prediction for Friday 21 February 25Hello Early Investor,
Our objective at #HELPINGSTOCKINVESTOR is to build financial discipline in traders by simplifying Stock Market Education and Financial concepts with an expertise knowledge in Derivative Analysis, Market Trend Analysis and Technical analysis of a Stock. Here you can learn different trading strategies along with market fundamentals. Daily Market Analysis on this channel is most helpful for traders. #Experience of almost 7+ years in the market. Happy Trading!
Nifty & Bank Nifty - Are they are ready finally for a highFII selling continues dampening the mood of Indian traders.
Today's close indicate some positivity at least for Nifty in the next session but Bank Nifty indicates a sideways move.
What happens next only time will tell but this video gives some perspective.
Crudeoil expected uptrend movement upto 74/75.5Symbol CRUDEOIL
Timeframe 1 hour
Analysis Uptrend Movement upto 74/75.5 expected.
Breakout from Triangle pattern, so we can expect a uptrend movement upto 74/75.5
We hope our analysis is adding value to your trading journey.
Please note: Published ideas are for educational purposes only. Trade at your own risk.
Also, please respect the risk - stop loss (SL) should not be more than 2% of the capital.
DISCLAIMER: We are not SEBI registered. All the ideas posted in this channel are solely for educational purposes."
POONAWALLA Analysis!On this chart, there are special lines called "Fibonacci levels," which help guess where the price might stop or change direction.
Here's the easy part:
Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling).
Blue Arrow: This arrow suggests that the price might go up.
Price Increase Note: The chart says that the price could increase around 20%.
feel free to ask! 😊
USDWTI Technical Analysis.When the USDWTI weekly chart is examined; It is observed that the price movements continue in a triangle formation. It is evaluated that the USDWTI price can target the 107.00 level in price movements above the 75.95 level, but it is evaluated that it can retreat to the 34.57 level in price movements below the 65.47 level.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in CAMLINFINE
BUY TODAY SELL TOMORROW for 5%
CAN TATA MOTORS CHANGE ITS MOMENTUMThe stock has recently experienced a correction of over 60% and is currently testing support near its 200 EMA, a key support level. Historically, the stock has shown a tendency to rebound whenever it approached the 200 EMA. A weekly close above this support zone could signal a potential trend reversal.
Deepak Fertilizers - Bullish Setup with EMA 200 Crossover📈 Stock: Deepak Fertilisers (NSE:DEEPAKFERT)
🔍 Closing Price: ₹1034.25
📊 Pattern: Bullish Engulfing
📉 Technical Signal: EMA 200 Crossover
Key Observations:
✅ Bullish Engulfing pattern on the daily chart suggests buying interest.
✅ EMA 200 Crossover, indicating potential trend reversal or continuation.
✅ Strong volumes supporting the breakout.
Key Levels to Watch:
🔹 Support Zones: ₹981 – ₹928 – ₹897
🔹 Resistance Zones: ₹1065 – ₹1096 – ₹1148
Trading Plan:
📌 Above ₹1065, potential momentum towards ₹1096 and ₹1148.
📌 Below ₹981, caution is advised, as weakness may extend toward ₹928.
Bullish Engulfing & EMA 200 Crossover📈 Stock: Eicher Motors (NSE:EICHERMOT)
🔍 Closing Price: 4810.60
📊 Pattern: Bullish Engulfing
📉 Technical Signal: EMA 200 Crossover
Key Observations:
✅ Bullish Engulfing pattern signals strong buying momentum.
✅ EMA 200 Crossover indicates a potential trend shift.
✅ Increasing volumes add conviction to the setup.
Key Levels to Watch:
🔹 Support Zones: 4718 – 4625 – 4574
🔹 Resistance Zones: 4862 – 4913 – 5006
Trading Plan:
📌 Above 4862, price may see bullish momentum toward 4913 and 5006.
📌 Below 4718, cautious approach needed, as downside risk increases.
APL Apollo - Bullish Momentum with RSI Breakout📈 Stock: APL Apollo (NSE: APLAPOLLO)
🔍 Closing Price: 1380.65
📊 Pattern: Bullish Engulfing, Strong Bullish Candle
📈 Momentum Indicator: RSI Breakout
Key Observations:
✅ Bullish Engulfing confirms buying pressure.
✅ Strong Bullish Candle, signaling momentum shift.
✅ RSI Breakout, indicating strength and potential upside.
✅ Attempting to move out of the weak zone.
Key Levels to Watch:
🔹 Support: 1332 – 1285 – 1258
🔹 Resistance: 1406 – 1432 – 1480
Trading Plan:
📌 Above 1406, potential upside towards 1432 and 1480.
📌 Below 1332, weakness may extend to 1285.
Strong Bullish Momentum with RSI Breakout📈 Stock: KEI Industries (NSE: KEI)
🔍 Closing Price: 3568.60
📊 Patterns: Bullish Engulfing, Bullish Marubozu, Strong Bullish Candle
📈 Momentum Signal: RSI Breakout
Key Observations:
✅ Bullish Engulfing + Marubozu indicate strong buying pressure.
✅ RSI Breakout, signaling increasing momentum.
✅ Trying to move out of the weak zone, showing strength.
Key Levels to Watch:
🔹 Support Zones: 3435 – 3302 – 3226
🔹 Resistance Zones: 3644 – 3720 – 3853
Trading Plan:
📌 Above 3644, price may extend toward 3720 and 3853.
📌 Below 3435, a pullback toward 3302 cannot be ruled out.
DECCANCE - Breakout Stock DECCANCE is showing strong momentum and is currently near a breakout level based on technical analysis. Investors may track its price movement for potential opportunities.
Disclaimer: This is for informational and educational purposes only and should not be considered as a recommendation to buy or sell. Stock markets are subject to risks and volatility. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.
Shree Rama Newsprint cmp 27.26 by Monthly Chart viewAdd stock to the watchlist basis Resistance Zone Breakout attempts for fresh upside Price movement
Shree Rama Newsprint cmp 27.26 by Monthly Chart view
- Bullish Double Bottom around 10 price level
- Resistance Zone at 27.50 to 30.50 Price Band
- Volumes have increased exponentially over the past few months
- Bullish Rounding Bottoms completed with neckline at the Resistance Zone
- Falling Resistance Trendline and Resistance Zone crossover been attempted for fresh upside movement
SANATHAN TEXTILES - DAILY CHARTReversal from the bottom, probability of going up. Must use SL keeping in mind current market situation.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.