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 ! 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 ! 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
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...
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
See description in the chart. Regards.
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.
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...
Crude OIl may see some correction, as indecision candle formed yesterday at an important resistance level.
The RSI reading indicates that the stock is at a near term resistance and could see some downside. There have been strong significant green bars and may see some correction or possibly a reversal. A correction and profit taking can be observed around levels of 199, if it breaks down further then that could indicate reversal around 178 levels.
As visible on the chart reliance is showing a bearish divergence on RSI and if it breaks the trendline it can test its 50 Day MA which is alongside the lower bollinger band.