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Reliance Power - VCP pattern in formation buy at Breakout - 33 Reliance Power is forming Potential Volume Contraction Pattern (VCP) a pattern made popular by Mr. Mark Minervini. Please refer pattern and the points plotted on the chart. Do Watch out this stock for VCP formation The chart has been plotted with the supporting information to indicate how it is forming VCP pattern. VCP pattern ideally should be traded on breakout i.e above 33, however considering it has forming a base, Aggressive investors can enter at 29, with strict stop loss of 27.10 About VCP pattern -- Imagine a stock's price going up and down like a rollercoaster. A VCP is when this rollercoaster starts to calm down, with smaller and smaller ups and downs. This creates a kind of "base" where the price hangs out for a while. What's happening? Calm before the storm: The stock is taking a breather after a big move. Smart money is buying: While the price is calm, big investors might be secretly buying up shares. The breakout: If the stock suddenly breaks out of this calm period and starts to go up strongly, it's a signal that the big investors are now selling their shares, pushing the price higher. So, what do you do? Wait for the breakout: Don't jump in too early. Buy after the breakout: Once the price breaks out of the base, consider buying if you think the stock will keep going up. Be careful: Like any investment, there's a risk the price might go down after the breakout. Disclaimer : Educational Content. Please do your own research !!
NSE:RPOWER
by jain_geetesh
Narayana Hrudayalaya Ltd. ( 20% upside potential)Narayana Hrudayalaya Ltd. Sector: Hospital & Healthcare Services WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in DAILY demand zone with RSI bullish divergence and bollinger band lower band support. LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support. on DAILY TF RSI N BOLLINGER BAND also support the IDEA... counter trendline may react as a resistance once it broke it will b rocket... price may face resistance at 1275-1282 as DAILY supply zone, 1375-1395 HTF supply zone.... so plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know.....
NSE:NHLong
by RISINGSTONE
CRISIL Ltd. ( 35% upside potential )CRISIL Ltd. Sector: Ratings WTF as we can see HTF structure bullish and price makes HH & HL pattern and now price in HTF demand zone with RSI bullish divergence and bollinger band lower band support. DAILY TF mitigation in HTF demand zone with RSI bullish divergence and bollinger band lower band support. on DAILY TF RSI N BOLLINGER BAND also support the IDEA... price may face resistance at 4225-4250 as DAILY supply zone, 4785-4800 HTF supply zone.... so plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know.....
NSE:CRISILLong
by RISINGSTONE
4
Natural Gas MCX Future Intraday Technical Analysis 15 July, 2024📈 NG MCX Future Technical Chart Analysis 📊 Range Trigger Point: 196.00 📉 Day Range: 8.20 📅 Level Type: Daily 📅 Valid For: 15 to 19 July, 2024 📈 Buy Above: 193.37 💼 Average Position: 192.40 🎯 Buy Target 1: 201.07 🎯 Buy Target 2: 204.20 🛑 Stoploss: 190.64 📉 Sale Below: 191.43 🎯 Sale Target 1: 190.93 🎯 Sale Target 2: 187.80 🛑 Stoploss: 194.16 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #NG #NaturalGas #MCX #Commodities #Trading #TechnicalAnalysis #StockMarket #Investment #TradingTips #MarketAnalysis
MCX:NATURALGAS1!
by NumroTrader
Crude Oil MCX Future Intraday Technical Chart Analysis 15 JulyCrude Oil MCX Future Technical Chart Analysis 📊 Range Trigger Point: 6890 📉 Day Range: 108 Buy Above: 6947 Average Position: 6934 Target 1: 6957 Target 2: 6998 Stoploss: 6911 SaleBelow: 6921 Target 1: 6823 Target 2: 6782 Stoploss: 6957 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #CrudeOil #MCX #OilFutures #Commodities #Trading #TechnicalAnalysis #StockMarket #Investment #TradingTips #MarketAnalysis
MCX:CRUDEOIL1!
by NumroTrader
Ujjivan Small Finance bank good to study NSE:UJJIVANSFB Its on Near to support of FIB ZONE Good to keep on the radar Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer NOT SEBI REGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you take on basis of our research.
NSE:UJJIVANSFBLong
by Trade_Secrets_By_Pratik
Silver MCX Future Weekly Technical Chart Analysis 15-19 July, 24📈 Silver MCX Future Technical Chart Analysis 📊 Range Trigger Point: 93109 📉 Weekly Range: 2565 📅 Level Type: Weekly 📅 Valid For: 15 to 19 July, 2024 📈 Buy Above: 93610 💼 Average Position: 93308 🎯 Buy Target 1: 94694 🎯 Buy Target 2: 95674 🛑 Stoploss: 92755 📉 Sale Below: 93005 🎯 Sale Target 1: 91524 🎯 Sale Target 2: 90544 🛑 Stoploss: 93860 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #Silver #MCX #SilverFutures #Commodities #Trading #TechnicalAnalysis #StockMarket #Investment #TradingTips #MarketAnalysis
MCX:SILVER1!
by NumroTrader
Gold MCX Future Weekly Technical Chart Analysis 15-19 July📈 Gold MCX Future Technical Chart Analysis 📊 Range Trigger Point: 73269 📉 Weekly Range: 1222 📅 Level Type: Weekly 📅 Valid For: 15 to 19 July, 2024 📈 Buy Above: 72866 💼 Average Position: 72722 🎯 Buy Target 1: 74024 🎯 Buy Target 2: 74491 🛑 Stoploss: 72459 📉 Sale Below: 72578 🎯 Sale Target 1: 72514 🎯 Sale Target 2: 72047 🛑 Stoploss: 72985 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #Gold #MCX #GoldFutures #Commodities #Trading #TechnicalAnalysis #StockMarket #Investment #TradingTips #MarketAnalysis
MCX:GOLD1!
by NumroTrader
Natural Gas MCX Future Weekly Technical Analysis 15-19 July📈 NG MCX Future Technical Chart Analysis 📊 Range Trigger Point: 196.00 📉 Weekly Range: 16.40 📅 Level Type: Weekly 📅 Valid For: 15 to 19 July, 2024 📈 Buy Above: 198.44 💼 Average Position: 196.50 🎯 Buy Target 1: 206.14 🎯 Buy Target 2: 212.40 🛑 Stoploss: 192.97 📉 Sale Below: 194.56 🎯 Sale Target 1: 185.86 🎯 Sale Target 2: 179.60 🛑 Stoploss: 200.03 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #NG #MCX #Commodities #Trading #TechnicalAnalysis #StockMarket
MCX:NATURALGAS1!
by NumroTrader
Bank Nifty Weekly Spot Chart Technical Analysis 15-19 July, 24📈 Bank Nifty Spot Technical Chart Analysis 📊 Range Trigger Point: 52279 📉 Weekly Range: 1045 📅 Level Type: Weekly 📅 Valid For: 15 to 19 July, 2024 📈 Buy Above: 52395 💼 Average Position: 52272 🎯 Buy Target 1: 52925 🎯 Buy Target 2: 53324 🛑 Stoploss: 52047 📉 Sale Below: 52149 🎯 Sale Target 1: 51633 🎯 Sale Target 2: 51234 🛑 Stoploss: 52497 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #BankNifty #NiftyBank #Options #OptionBuying #OptionTrading #OptionsTrading #Trade #Trading #TechnicalAnalysis #StockMarket #Finance
NSE:BANKNIFTY
by NumroTrader
Nifty Weekly Spot Chart Technical Analysis for 15-19 July📈 Nifty Weekly Spot Chart Technical Analysis 📊 Range Trigger Point: 24502 📉 Weekly Range: 450 📅 Level Type: Weekly 📅 Valid For: 15 to 19 July, 2024 📈 Buy Above: 24420 💼 Average Position: 24367 🎯 Buy Target 1: 24781 🎯 Buy Target 2: 24953 🛑 Stoploss: 24270 📉 Sale Below: 24314 🎯 Sale Target 1: 24224 🎯 Sale Target 2: 24052 🛑 Stoploss: 24464 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #Nifty #Nifty50 #Options #OptionBuying #OptionTrading #OptionsTrading #Trade #Trading #TechnicalAnalysis #StockMarket #Finance
NSE:NIFTY
by NumroTrader
Nifty Reaches 24,500 Target: Elliott Wave Analysis Disclaimer: ------------------------ Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ---------------------------------------------------------------------------------------------- General Election 2024: Impact on Nifty The 2024 General Election resulted in a clear victory for the existing NDA government, with Prime Minister Narendra Modi securing a third term. This political stability had a positive impact on the Indian market index, Nifty. ----------------------------------------------------------------------------------------------- Pre-Exit Poll Movement Before the election results were declared, we proposed an outlook for Nifty to reach 24,500 as a pre-exit poll objective. This prediction was published on TradingView as "Pre-Exit Poll Outlook - Bulls above 22,400 " on 31st May 2024. ----------------------------------------------------------------------------------------------- Achievement of Target Following the election results, Nifty saw a significant rise from the lows of 21,281 on June 4, 2024, and successfully reached our proposed target of 24,500 on July 12, 2024. However, there was a knee-jerk reaction as the index failed to surpass the 400-seat mark announced during the election campaigns, leading to some volatility when the actual results were declared on June 4, 2024. ----------------------------------------------------------------------------------------------- Unfolding Structure: The Leading Diagonal Since early March 2024, we have been discussing the potential for an explosive upside based on a leading diagonal pattern, also known as a Rising Wedge in traditional analysis. This Elliott wave pattern typically indicates a bullish trend, especially in the context of the 2024 General Election. We believed in the bullish scenario and termed it the "Leading Diagonal," expecting significant market movement. ----------------------------------------------------------------------------------------------- Why I Believe in Wave Analysis As a Wave Analyst, my journey began with a curiosity about the market's patterns and behaviors. Eight years ago, in 2016, I started writing for TradingView and was given an opportunity to look into India Business for the brand during its early expansion years in India. On a personal front, I progressed to learn the nuances of wave analysis and started applying them to publicly traded liquid financial instruments. The results were astounding, providing 90-100% accuracy in the analysis. The science behind wave analysis is robust, but it does come with the limitation of alternate views if the price breaches the cardinal rules. More details on this will be discussed in my upcoming book on wave analysis (no ETA available at the moment). ----------------------------------------------------------------------------------------------- Pattern Analysis Rising Wedge: Often seen as bearish or bullish from a traditional technical analysis point of view, Elliott Wave analysis goes one step further by identifying the pattern's nature as bullish or bearish and can complement the unfolding events. General Election 2024: The election acted as a catalyst for the bullish trend. Patience Rewarded: Participants who held their positions since October 2023 are now reaping the benefits. ----------------------------------------------------------------------------------------------- Future Outlook Key Psychological Level: 24,500 Nifty holding above the 24,500 level is crucial. If the index continues to bounce above this level, we anticipate the bull run to persist. Target: 27,620 Our next target is 27,620, where the current rising wedge in Wave-1 should travel 162% of the minimum distance if this is to be Wave-3. ----------------------------------------------------------------------------------------------- Additional Insights Reliance Long Term: Nifty Explosive Series Episodes Starting Comex Copper: These episodes as published on TradingView earlier, hinted at an explosive Nifty to unfold and how Dr. Copper’s move supported the outlook. This should be discussed as a different branch of technical analysis called Intermarket relations in my book, suggesting a strong bullish sentiment. In conclusion, the political stability from the 2024 General Election has propelled Nifty into a strong bullish trend, with a key psychological level at 24,500 and a future target of 27,620. ----------------------------------------------------------------------------------------------- Regards From WaveTalks Abhishek
NSE:NIFTYLong
by WaveTalks
3
NIFTY prediction for tomorrow 12 July 24As we discussed, NIFTY fell nicely and took support at 24188, and then it recovered nicely to 24315. If we look at the chart now: The market is trading in a resistance zone. Today, the market has had a huge fall from this point. Price action on this level will decide the upcoming momentum in nifty. If it breaks to the upside, it can touch the resistance trendline; otherwise, it will be sideways in the range of 24128-24344. Support levels: 24188, 200-EMA (15-min) Resistance levels: 24344, Resistance trendline. If we look at the OI data: PCR = 0.76 shows the market has a NEUTRAL sentiment. 24300 is Max pain. Both side levels have good PE and CE writing. The option chain data are indecisive. Price Action on the 24315 will decide the direction for tomorrow. Reason: RSI = 40-60; shows the market is going to be sideways bullish. Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 0.76 indicates market-neutral sentiments. price > VWAP shows a Bullish market structure. Verdict: Neutral Plan of action: wait for 15 min candle. Wait for good price action on the 24315 levels, and make your positions accordingly.
NSE:NIFTY
by finnova_
1
CESC - falling wedge A falling wedge pattern is a technical analysis chart pattern that typically signals a potential reversal or continuation of the current trend. In the context of CESC (Calcutta Electric Supply Corporation), here’s how you can understand and identify a falling wedge pattern: Characteristics of a Falling Wedge 1. **Shape**: The pattern is shaped like a wedge that is sloping downward. It is formed by two converging trendlines – a downward sloping resistance line and a downward sloping support line. 2. **Volume**: Volume tends to decrease as the pattern progresses and the price converges between the two trendlines. 3. **Trend**: The falling wedge can appear in both uptrends and downtrends. When it appears in an uptrend, it is considered a continuation pattern. When it appears in a downtrend, it is considered a reversal pattern. Identification of a Falling Wedge 1. **Downward Sloping Trendlines**: Draw two trendlines – one connecting the highs and one connecting the lows of the price action. These lines should converge, forming the wedge. 2. **Contraction**: The price range contracts over time as the price moves between the two trendlines. 3. **Volume**: Look for decreasing volume as the pattern develops, indicating less selling pressure. 4. **Breakout**: The pattern is confirmed when the price breaks out above the upper trendline (resistance line) with an increase in volume. Interpretation and Trading 1. **Reversal Pattern (Downtrend)**: If the falling wedge forms during a downtrend, it signals a potential reversal to the upside. Traders often look for a breakout above the upper trendline as a buy signal. 2. **Continuation Pattern (Uptrend)**: If the falling wedge forms during an uptrend, it suggests a continuation of the uptrend. Again, a breakout above the upper trendline is a bullish signal. Example of Trading a Falling Wedge in CESC 1. **Identify the Pattern**: Look for the falling wedge formation on the CESC stock chart. Ensure the trendlines are converging and the volume is decreasing. 2. **Wait for Breakout**: Monitor the stock for a breakout above the resistance trendline. 3. **Confirm with Volume**: Ensure that the breakout is accompanied by an increase in volume for confirmation. 4. **Enter Trade**: Consider entering a long position once the breakout is confirmed. 5. **Set Targets and Stop Loss**: Place a stop loss below the recent low within the wedge, and set profit targets based on key resistance levels or a measured move equal to the height of the wedge.
NSE:CESCLong
by pradytrader1979