Technical Analysis: 1. Chart has formed triple bottom pattern and it is possible to reach 200.90 (74%) and if the triple bottom activates once it covers the third bottom it has the potential to reach 111+%. 2. Triple bottom has also formed in third bottom in daily TF. It has been noticed that bottoms react well in CUB 3. Price has crossed 20, 50 and 100 EMA in...
The idea is purely based on technical analysis. After the high made at 1953.90 on 17 Jan '22, it has been in a down trend till now. On 4 Sep '23 the said trend line has been broken and retest is also done from the trend line. So good zone to go long. There is a high possibility of the price breaking the all time high. Target: 1957 Stop loss below: 1192
Good structure should got rejected multiple times hence closing above should is more important
Hello friends, Please vouch strength of idea that trend changed exactly at 1:27 a.m. marked by red vertical line in morning as was mentioned in my earlier discussion, now the timing of the candle of 7:10 p.m. is important. Please mark high and low of this candle and act accordingly.
triangle break out with good volume, predicting good bullish move.
Structure looks good consolidation before breakout only negative point would be low volume
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Nice uptrend and now consolidation and volumes were high on updays good candidate
Its bound in the ellipse. Next two candles will decide the fate. Levels have already been given in earlier discussion.
At present Nifty is making P shaped market profile marked by the small arc. But, soon it is likely to break and come up as marked by bigger circle and corresponding pitch fork and corresponding horizontal lines.
The ongoing candle is very important for Silver, Mark high and low of this candle and act accordingly. Going further, time of various candles have been given which will have the effect on trend of this commodity. If the timings of a candle remains outside the working of the stock exchange, please ignore that candle; just draw a vertical line for analysis...
Mentioned in my last so many discussions time of reversal of HDFC Bank and check the result exact reversal from this candle. Link provided. Now watch this candle for further move 10-12-23 12:53 PM. On 12th October mark high and low of this candle and buy only above it. Thank you.
Presenting here is the Elliot Wave structure of Reliance. For the purpose of ease of understanding I have drawn only the main motive waves and in between skipped small counter waves in ABC. Now, it closed above 2293 making a low of just .1 below the closing of 4th September. Going further, this could be the point of reversal in Reliance or worst cum worst it...
I have tried to explain in pictorial way how the things are likely to move in different coloured triangles in case of this stock and a partition has been done with red vertical line. Please mark high and low of candle of 2:05 in five minutes chart. Then comment later on. Thank you
After an all time high breakout the stock went into a 5week consolidation and 14%range and broke out last week. If we observe monthly chart i usually like stocks who consolidate near the resistance and then break out. But as you can see a rally of almost 95% in 5 months was done.(Highlighted Area) The stock broke the ATH with out consolidating much which losses...