TREND ANALYSIS & TRADE SETUP !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 10-12 times .
The stock has corrected very well and the metal sector will soon get a push in the upward direction. Wach out!!
Levels mentioned in the chart.
This analysis is done by me and could go wrong due to many reasons. Please do your own analysis before investing/trading.
It's a ELLIOT WAVE THEORY it says that a,b,c, is a INTERMEDIATE TREND(correction) after that stock will continue to go up!!
This my perception about stock,Trade at on your own risk!!
H4 - Bearish trend pattern.
Currently, it looks like a correction is happening.
Until the strong resistance zone holds, I expect the price to continue lower further.
TREND ANALYSIS & TRADE SETUP !
UPDATED CHART !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 15-17 Times
This is a simple strategy using the trendline. The price moved up steeply and has not seen a strong correction. The trendline was broken and the price tried moving upwards for a last kiss and was rejected from under the trendline.
This is an intraday idea, which can be moved to a positional play considering the negativity in the market. There is a strong chance...
TREND ANALYSIS & TRADE SETUP !
WAVE COUNTING !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-8 Times
TREND ANALYSIS & TRADE SETUP !
WAVE COUNTING !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-8 Times
TREND ANALYSIS & TRADE SETUP !
UPDATED CHART !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-7 Times
TREND ANALYSIS & TRADE SETUP
GARTLEY HARMONIC PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
DO NOT MISS ENTRY IN AUGUST EXPIRY !
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
Maruti is erasing all raises and is approaching 5950 followed by 5908. Intraday traders can short immediately and positional traders can buy at 5870 Level.
Bajaj Finance fell today post result declaration. A mega bull run has halted temporarily.
Much need correction in price has been started.
Scrip is following consolidation followed by a brief upmove strategy, Thus shifting price levels in a ladder-like structure.
It will retest the 3115-3130 levels on further correction( lower levels of Top-most rectangle). And...
NSE:RBLBANK
(For Learning Purpose Only)
TIME FRAME - DAY
Price in Phase 1 ( Accumulation)
Test of supply completed
Price above DC
TIME FRAME - 15 MIN
In correction phase
Volume supporting price action
Price either open gap down @ 161 or price go down till 161 before moving up to 171
CMP = 276.85
In 5 sessions from 222.20 to 276.85 (24.5%)
Hammer candle formed on top with huge volume.
Most likely will correct
upto 261 (5.7%)
upto 250 (9.5%)
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
More...
![NATIONALUM: [Positional] Metal Rally | National Aluminium - Buy](https://s3.tradingview.com/e/ElEtLwyN_mid.png "[Positional] Metal Rally | National Aluminium - Buy")
