Confluence: 1. Moving Average 2. Break of Structure 3. Fibonacci golden level 624-630 are the demand zone levels. Once price reaches the zone, wait for candlestick confirmation and break of structure in retracement trend.
Here we can see distribution in Granules after a long run up since the last few years. Its advisable to take small quantities with a longer time frame in mind. The Rectangular marked space is a confluence area on the daily chart, expect the zone to be held buy buyers. If everything plays out well we should break out on the upside by the end of this year.
REASONS FOR ENTERTING TRADE 1. A pole flag structure with the base of the flag bouncing off the 200EMA. 2.This 200EMA bounce point coincides with the long-term support trendline, 3. & the 61.8% retracement of the pole. 3. Price sustains above the flag range after retest Buying above 65 for a projected price target which is set as the pole height, from the...
BhartiAirtel is showing a symmetrical triangle pattern and a triangle pattern with a long term demand zone.Wait for a breakout.preferably upward movement is coming and take a long postion with a target of 600.
Go for Long position in Tata Power.. Showing good consolidation and a confluence of trend line and a triangle pattern.might be a wealth creator.
CMP- 4444 SL- 3997 Target- 4862, 5550
Nifty View: Seems like the “Dark Cloud Cover” pattern about which I mentioned yesterday did play out a bit in today’s trading session as the benchmark Nifty dropped 0.38% to close at 15,795. Now a closer look at the 15min chart of the index clearly shows how the index faced support within the range of (15,760-15,780) multiple times in today's trade. And a couple...
NSE:SBICARD has approached the 200SMA on Daily chart and is not too far away from 50SMA on Weekly. As highlighted in the chart, we can see a confluence of support zone and FIB level. A confirmation candle might be needed, but it looks like an interesting long setup, especially if 900 is retested and held. Target can be around ATH which is ~15-20% away. Price...
Buy : 54 Tgts of 60.8 , 62.7. SL: 49 Trade according to your own risk appetite. Thank you.
Reasons for trade explained in the chart. Buy above 90, for targets of 115, SL 77. Thank you.
► ADVANCE PATTERN #8 ◄ 📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns. ☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio. ☆ Kindly like &...
RELIANCE sells off with a historical one-day fall of 180 points. The stock has been in a downtrend for some time and never managed a bounce back for pull-back traders to initiate a short trade. Over the past three weeks, the stock has corrected significantly from its recent high of 2300. Not to forget the fact that RELIANCE is the top-weighted stock in the bourse....
Bajaj Finance has hit a confluence of resistance. Should be a good place to initiate shorts will stop above 50 SMA. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every...
LEVELS MENTIONED IN THE CHART. Disclaimer: It is very important to do your own analysis before making any investment based on the chart mentioned here. Trade wisely!
I can see lot of convergence at 503 to 512 zone. That's a big zone but I can't help it b'coz ATR is high. Also observed bullish gartley and ABCD harmonic pattern in a highly oversold zone. So there are high chances of reversal from this zone. I ll hunt for 538, 558 and 568. Initial stops is quite wide, but it could be set below the buying signal which will be...
The stock broke out of a long term resistance near 610 on higher timeframe charts. Overall market correction may push the stock down to retest 610 zone again, which may now act as a support. This zone coincides with the rising channel trendline. I also expect that by the time the stock retests that zone, the 55 EMA will also be there (hand drawn on the chart) to...
One can clearly observe: nice rotation of price inside a channel; the wedge formation; and the price bouncing from a support line (red dashed line). Currently the stock has retraced back to an important confluence point at 214-215 zone. On short side, a break below the confluence zone can take the price to 310.50 and 307.50 levels. Stops would be above 320. On...
As per fibonacci analysis, Tata Motors is still trading in the green box which is a bullish signal. It has consistently retraced from 0.5 fibonacci ratio. Expect a strong upmove towards 460 levels where it will get a resistance from the confluence line . Keep a strict stoploss of 425. Any closing below 425 will take the stock further down by atleast 5%