Chartpatternanalysis
Symmetrical / Ascending TriangleSymmetrical / Ascending Triangle
Two different types pattern near to shwing in the bank nifty
banknifty in high range zone anything will be happen in stock market
so be careful before trade
wait for any breakout and sustain or predict the right situation as per market situation
Most popular chart pattern
Ascending Triangle is menaing to high Bulish
Symmetrical Triangle is for Neutral
So please look the chart as per my drawing for intraday trading
please comment on my thinking wrong or right.
Thanking You
Morning Mantra, 30th November 2022So, yesterday was another beautiful day in the Market, where Nifty had successfully made an all time new high of 18678, along with a fresh new closing of 18618.05
Well apart from this, there is another good news, as we can now shift our support level from 17800 to 18400.
Yes you've read it correctly! It's 18400.
So, yes with this new support level of 18400, be stock specific, start cherry picking and enjoy the Market's momentum, as of now.
Besides, at this New All Time High of Nifty, we can suggest you for reviewing your portfolio, as this is an ideal time for portfolio rebalancing as per your risk appetite.
Nifty Levels 15270-15400-15580-15800
-16200-16350-16700-17300 -17800
-18100-18350
Nifty’s Previous Day Closing - 18618.05 (+55.30)
Regards,
Alok Daiya
Peanut & Double Top / "M" Chart PatternPeanut & Double Top / "M" Chart Pattern
During the trading Season it was found that Double top is created by bank nifty Index.
It is a Reversal Sign and another conclusion happen when peanut pattern shown in the chart.
So trading wisely can save your money from lose and Gaining more eligibility to earning more from trading .
After peanut pattern breaking enter the trade target was height of the patterns followed by Peanut and Double top .
OPTION HUNTER
@optionhunter4306
Thanking You
USDCHF Trading planAs we are seeing USDCHF has come near its STRONG SUPPORT and it seems as if it will move towards itself by taking SUPPORT 0.94100 from here, still if it breaks this support then it will act as a STRONG RESISTANCE 0.94100 stand.
Hello tradingview famliy welcome to my TRADING IDEA like and follow.
Symmetrical TriangleA symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
How to identify a Symmetrical Triangle correctly
1.The sides of the triangle slope equally (that's why it's symmetrical)
2.The triangle has lower highs AND higher lows – at least two of each.
3.It looks like a funnel, with the price “squeezing” from the left towards the right.
Rounding Bottom PatternThe Rounding Bottom is a long-term reversal pattern that is best suited for weekly charts. It is also referred to as a saucer bottom, and represents a long consolidation period that turns from a bearish bias to a bullish bias.
1. Decline: The first portion of the rounding bottom is the decline that leads to the low of the pattern.
2. Low: The low of the rounding bottom can resemble a “V” or "U" bottom, but should not be too sharp and should take a few weeks to form.
3. Advance: The advance off of the lows forms the right half of the pattern and should take about the same amount of time as the prior decline.
4. Breakout: Bullish confirmation comes when the pattern breaks above the reaction high that marked the beginning of the decline at the start of the pattern. To trade this pattern look for the neckline that is marked on the chart. Once the price breaks through and a candle closes above the neckline, you can then enter the market with a buy order.
5. Volume: Volume levels are not too important on the decline, but there should be an increase in volume on the advance and preferably on the breakout.
6. Target: Add the height of the rounded bottom to the breakout point for an estimated upside target.
7. Stop Loss: The stop loss is placed below the neckline of the pattern.When the price trades below this point, there is less chance of this pattern’s functionality. It’s better to exit the market.
The rounded bottom are reversal patterns which identify the completion of the trend and indicate a possible reversal point on price chart. The rounded bottom signals that the existing downtrend is about to finish and the possibility of an uptrend to commence. It resembles a clear “U” image.
SAIL - SWING TRADING - 21.07.2022 - BAHAVAN CAPITALSAIL Above 74 for a Target 112.
As per the Below Data
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976. 40 Cr DII Net Selling 100.73 Cr
I Anticipated FII Participation to increase and stock to move uptrend as per my post on 19.07.2022 and indeed its good to see FII everyday increased holding.
20.07.2022 FII Net Holding 1780.94 Cr DII Net Selling 230.22 Cr
21.07.2022 FII Net Holding 1799.32 Cr DII Net Selling 312.29 Cr
I only Share my opinions on the shares which i will buy and not for the sake of only publishing and not entering in any stock. Sail had crossed above 74 and Iam holding Sail as per my own buy call.
Happy Profitable Trading to All.
Nifty Stuck in range.Nifty is stuck in a range of 16400-15700 since the past 2 weeks. Yesterday it managed to test the top of the range but failed to give any significant breakout giving a chance for bears to take control again. With so many macro economic pressure's mounting it will be interesting so see how Nifty will react. I believe that the range will continue for the month of May, as June onwards US Fed will begin its Quantitative tightening measures which will be the deciding factor in providing us with a clear picture where the nifty will head next.






















