Get started

Classical_patterns

BATA India Mean Reversion Setup - Self explanatory & Annotated Chart - Key Levels are Marked - Enter at BO level @ 1340 - Exit at Target level @ 1445 , approx 7-8% upside - Time Frame is few Days - Stop Loss level for Risk as per your choice also mentioned - High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI - Stock is Bullish on all time frames for a Mean Reversion (am not posting charts of other time frames but have a look for yourself) Good Luck :) If you find this Trade Idea helpful, please Like, Comment & follow me on Twitter to keep updated with my Trading activity & new ideas. Note: I rarely post Ideas on Trading View platform (have only recently started)
NSE:BATAINDIALong
by T_Harth
TATA ELXSI ANALYSIS- PLAYING W/ DOUBLE BOTTOMLets look at the analysis ---> 1> EW ANALYSIS :- Assuming this trend from 1490.9 level in corrective phase, we will assume impulse wave completed at 830.1, after that it slightly got complicated, still we will keep prefer count as B as flat, now we might be in wave c of B. 2> Classical TA :- a. the downtrend channel has given a breakout b. formed a minor double bottom (named as double bottom 1) with neckline at 911 (marked with red horizontal line) c. formed a major double bottom (named as double bottom 2) with neckline at 1002 (marked with violet horizontal line) d. given a bullish divergence in oscillator(RSI) e. bearish momentum has weakened and TS is about to make crossover w/ KS in ichimoku cloud f. scrip got major support at 830/35 range. 3> Putting it all together :- a. With current momentum and counting internal EW, it should touch the neckline of double bottom 1 at 911, if it breaches 869 without touching 911 levels, then it is something to take a quick look at the analysis again. b, After breaking neckline decisively, we might see up-move towards 1002, which is neckline of double bottom 2 and height of double bottom 1. It might face some hurdle around 950 levels, that can a point to look for. c. After breaking neckline decisively of double bottom 2, we might see up-move towards 1150/1195, this level again is height of double bottom 2 and 50% retracement of Fib levels. At the same level, there might be completion of wave c and B. Overall, we need to keep in check with the swings of the scrip as it has not yet given breakout to any of double bottoms. Regards, Sharma Yogesh
NSE:TATAELXSILong
by yogi_sharma_elliottician