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Brent oil sellers look for $68.00 retestEscalating covid woes weigh on commodities while downbeat China data exerts additional pressure on the Brent oil prices during early Monday. Also favoring the oil sellers could be the quote’s U-turn from 50% Fibonacci retracement of early August upside, followed by a break of the one-week-old rising trend line. Hence, the Brent oil prices are all set for further weakness towards a horizontal area near $68.00, comprising lows marked in the last one month. However, oversold RSI conditions may challenge the bears afterward, if not then 61.8% Fibonacci Expansion (FE) of the current month’s drop and pullback around $67.15 will act as an extra filter to the south. Meanwhile, corrective pullback needs to cross the support-turned-resistance line near $71.65, a break of which should direct oil buyers towards the 100-SMA level of $72.90 and then to the $73.00 round figure. In a case where the Brent bulls stay dominant past $73.00, $74.20 and the monthly peak surrounding $76.60 should return to the chart.
TVC:UKOILShort
by MTradingGlobal
TATA MOTORS LONG INTRADAY/SWING TRADETata motors has shown some very nice bullish reversal signs from 290 support zone which has proved to form support for the stock in the past several months 1. W double bottom formation with attempt to break W neckline. 2. previous day bullish hammer followed by strong bullish candle follow up with decent volume 3. break of downtrend trend line 4. Strong bullish divergence on RSI Trade setup Can buy above 309 with stop loss below W double bottom neckline (around 300) for intraday/swing basis Target 1 = 325 Target 2 = 350 Stock can even move beyond 350 to new all time highs if kept for a longer time. Thank you for reading. Note: this is not financial advice. This is for educational purposes only
NSE:TATAMOTORSLong
by apratimbanerjee08
1
LINDE INDIA CUP AND HANDLE CHART PATTERN- Bullish Trend SoonThe following chart shows the CUP and HANDLE Chart Pattern of Linde India, Expect a Bullish Reversal Soon. A perfect Rounded Bottom was Converted into a Cup And Handle Pattern, giving more clarity towards the overall trend. Make sure to Place your stop losses correctly, because last year we have seen a huge rally in this Stock. The Monthly Charts show a Perfect Evening Star. So make sure to go somewhere between Mid and Long Term. Do follow for more trading setups like these Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
NSE:LINDEINDIALong
by Gajanan_Y
#SONATASOFTWARE:Testing long term resistance level wid momentum #SONATASOFTWARE: Testing to breach its long term resistance level. Volumes increasing consistently confirms buying interest. Entry INR 365 (Closing Basis) Target range INR 385 to 410. SL/ Exit INR 347. “Time is your friend; impulse is your enemy.” - John Bogle Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor. I'm not a SEBI certified financial advisor.
NSE:SONATSOFTWLong
by rajesh066060
#NMDC .. Add to watchlist..can be huge opportunityStock Analysis on request from a follower .. The stock price is hitting 11 year old resistances .. The overall chart structure is very bullish you can see the huge momentum through the steep angle of the move that is also supported by the rising volumes The Volumes suggest a move up as well.. However, there has been huge rejection on these levels before so wouldn't recommend taking a trade now.. To trade NMDC.. Buy after daily candle closes above 197.. That would mean a BO from the descending Triangle and 11 year old resistance..That would be a huge bullish sign.. To ensure it is not a fakeout Breakout check the hourly charts to see if the support is properly tested... My targets for mid term would be 300-305, 330
NSE:NMDC
by Munchkunster
9
ACC Line chart - Strong Dip Buying 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Dip buying: Strong trendline at a good angle activates buyers to push the price up again after a minor correction in the trend 🔥 Small stop losses with high rewards are seen on this line 🔥 Let it make a green candle on this line, initiate a Long as per your RRM ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:ACCLong
by Averoy_Apoorv_Analysis
2
Symmetrical triangle (coils) (continuation pattern) Prints when the market is indecisive. Price market higher lows & lower highs. It is the situation where supply and demand are near to equal. The trading range becomes smaller and smaller within the triangle. It represents a pause in the exhausting trend after which the original trend is resumed. 1) The minimum requirement for a triangle is four reversal points. Many have 6 point requirements but at least four points. 2) In a symmetrical triangle, we get apex where two converged trend line meets. Apex also works as a very important support & resistance. Sometimes a return move will occur back to the penetrated trend line after the breakout occurs. 3) Duration: A minimum duration of 3 weeks and it rarely exceeds 3 or 4 months long. (less than 3 weeks of duration likely to be a pennant formation, not a symmetrical triangle) 4) Volume: Narrow volume within the triangle. Very low before the breakout. 5) Breakout: Price closing below the lower rising trend line confirms the breakout or Price closing above the upper falling trend line confirms the breakout. The direction of the break in the pattern can only be confirmed after the break has happened. Either Up or Down. 6) Buy: Buy the Stock a day after Price closing above the upper falling Trend line. Sell: Sell or short the stock day after Prices closing below the lower rising Trend line. 7)Target: – The technical price target is to measure the widest distance of the symmetrical triangle, Add the distance to the upper trend line breakout price for a buy target or Subtract the distance from a lower trend line breakout price for obtaining a covering price. 8) SL: usually, price closing above falling upper trend line is a Sell stop loss or price closing below rising bottom trend line is a buying stop loss. But very often, the gap between breakout price and trend lines is very wide. Or Stop: "Symmetric triangle" failures occur when price results in false breakouts. Stop below the first major "swing low" below the trend line for a long setup. Place a "stop" order above the first major swing high from the trend line for a short-setup. 9) Alert: To receive a valid signal, a closing price has to be above the resistance line or below the support line. The more the price moves to the very end of a triangle, the weaker will be the breakout in either direction. 10) Symmetrical triangle has two merging trend lines. For this formation, at least two peaks and two valleys are necessary. To reduce false breakouts, investors should wait until there are either three peaks and two valleys or three valleys and two peaks. With this approach, however, it is possible to completely miss a trend, How to avoid fake outs? 1. 200 EMA confirmation 2. Use trail SL
NSE:SBINEducation
by Trade-Technique
5