The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.
Trend: In order to qualify as a continuation pattern, an...
If I am correct then Adani Power can be bullish and is bounced back from the support level , the same as Jindal Steel & Power did!
Any suggestions, please comment
NSE:BANKNIFTY
Observations:
1) On 1D TF we can see for recent down trend it has covered almost 50% of that move as per FIB retracement.
Please refer below chart : 1D time frame.
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Trade Setup for 07-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (51.34).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EGLDUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
NSE:NIFTY
Trade Setup for 06-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or...
Hi Everyone
This is an forecast of Alibaba group Holdings we have completed wave 1 called M1 ( medium term forecast). Time frame for Medium term forecast is usually 2 to 4 weeks.
We are currently in wave M2 which is still progressing but almost in last stage. So price should move downward unless it brakes invalidation Level.
use our tradingview live links for...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
Hi all 👋 this is my current take on Nifty.
✅Nifty failed to break out of the resistance line, which I have stretched from October 2021 highs, at two occasions, that is in August and September 2022. There was a breakout of the 18000 level but this break failed near April 2022 swing highs. Thereafter, Nifty had a vertical reaction in September.
✅This reaction has...
NSE:CNXFINANCE
Observations:
1) On 15 min TF we can see a trendline.
Please refer below chart : 15min time frame.
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Trade Setup for 04-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I...
Current Trend:
1) Top of parallel channel
2) Triple Top
3) Resistance Zone
4) 0.854 level of Fib
Oi too conforms Max call option writes at 2700 and max pain @2700
Target:2530
As per Oi and technical analysis , one can sold call option above 2720
NSE:BANKNIFTY
Trade Setup for 03-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
*Disclaimer On
This is just my analysis in BTCUSD, this is not a recommendation that can be directly used, I recommend you to re-analyze
Short-Term Target : Around 32848.23
DYOR.
#banknifty weekly time frame hammer pattern formation
Much-needed correction looks over in the market and we are heading back to ATH.
If you don't do fishing in muddy water, then forget about creating wealth.
Regards,
SG
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 07-10-2022 [INTRADAY]](https://s3.tradingview.com/m/MhjPSFkS_mid.png "Simple Trade Setup | BANKNIFTY | 07-10-2022 [INTRADAY]")
![NIFTY: Simple Trade Setup | NIFTY | 06-10-2022 [INTRADAY]](https://s3.tradingview.com/s/s7NGIgiy_mid.png "Simple Trade Setup | NIFTY | 06-10-2022 [INTRADAY]")
![CNXFINANCE: Simple Trade Setup | FINNIFTY | 04-10-2022 (EXPIRY) [INTRADAY ]](https://s3.tradingview.com/t/tMxssMNV_mid.png "Simple Trade Setup | FINNIFTY | 04-10-2022 (EXPIRY) [INTRADAY ]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 03-10-2022 [INTRADAY]](https://s3.tradingview.com/u/UfKAF8aL_mid.png "Simple Trade Setup | BANKNIFTY | 03-10-2022 [INTRADAY]")
