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Consolidation

Mentorship InstaView 02 Nov’21: A Day to Consolidate Nifty View: Today's 85 points negative close from the Nifty benchmark index is more of a consolidation post the big +293 points gain we experienced yesterday. The short term trend is still DOWN with immediate resistance at the psychological 18K mark, which has held the index down pretty well. One should continue with a conservative bias and wait for the index to show some more strength, and the first sign of that will be a retest of 18K. If we fail to see this anytime soon, then the chances of an extension on the downside increase. So trade light & with caution.     Please watch the video for a detailed analysis of the index and stocks. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
BANKNIFTY - Oversold zone already, looking for recovery !Category: Oversold RSI Reversal Key Highlights: 1. Support from the gap and support zone. 2. RSI shows the price to be in the oversold zone. 3. Strong big wick hammer pattern. Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk. Abhishek Singh (@Abhishek_TradersSin) ~ Middle-class IT Employee trying to simplify Technical Analysis. ~ Do follow and like if you like the work.
NSE:BANKNIFTYLong
by Abhishek_TradersSin
Breakout - Shriram Transport FinanceHello All, I have brought in another good set up. SRTF has broken it's consolidation range. Prior to the breakout day the volumes were building up and the breakout candle has witnessed the largest volume in the last few months which is a good sign. Now how to trade it: First of all do not let FOMO overpower you to take a trade in haste. Observe the price for a few days(analyse it as per your setup), as per candle formed on the breakout day there is some rejection seen at higher price (the upper wick is big), it calls for just a caution sign that we need to observe the price action. The stock may come for a retest and I guess that would be an apt entry. All said, just analyse the setup first, see how price behaves. Do not agree to me forcefully or just because I have posted an analysis. Take your own call and that would generate a lot of confidence in you. Let's make money together! Happy Trading :)
Editors' picks
SLong
by Ankit_Oberoi
85
OFSS AnalysisThis stock tests the patience of investors too much, Decent Earnings results keep this stock from falling down. Today is a good day for its investors, gave a good breakout, showing more growth potential with its good, MACD. If it stays above 4950 for some more time, can expect a good upward momentum and good rally or should wait again until it breaks the consolidation. Long term investors too didn't see any good returns since 2018. for me this stock is interesting, ill see this moment of this one from now.
NSE:OFSS
by raam8360