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Crab

DLF PRICE ACTION ANALYSIS. DLF broke out with high volumes and is currently trading in a supply zone. This supply zone has been tested several times and DLF's price managed only one time to cross it to hit an all-time high. We can also see the fall after closing below the supply zone. So, it is important for the price to break the supply zone with high volumes to go for our target and a new all-time high above it. The stop loss can be placed below the supply zone. If DLF's price comes to test 318 level, chances are good that it will support. This is a better scenario for going long. Happy trading :) This is just for educational purposes.
NSE:DLFLong
by Sanjan91
CONTAINER CORPORATION OF INDIA. PRICE ACTION ANALYSISCCI stock's price had a breakout above the trendline but for confirmation, we need the price to sustain above 748. This will be the confirmation for the uptrend. Place the stop loss below the demand zone, because this demand zone is expected to support the price. The ultimate profit booking target is given by the XABCD bearish crab pattern's 1.618 fib extension i.e, 914. This is a monthly timeframe analysis, so give time for the price to adjust in case of fall and trail your profits. Happy trading :) This is just for educational purposes.
NSE:CONCORLong
by Sanjan91
NIFTY PSE PRICE ACTION ANALYSIS. A MULTIYEAR BREAKOUT?Nifty PSE is currently trading at the multiyear strong supply zone which has been tested 3 times since June 2018 but PSE failed to break. We can see a breakout in the daily timeframe's trendline as pointed on the chart. Currently, NIfty PSE is 2.6% away from the top of the supply zone. If this supply zone is broken, we can see momentum in PSE stocks. XABCD bearish crab pattern terminal bar price is placed at 4388, where we could book profits and exit. This process can take months but we will be ready to buy PSE stocks on breakouts. This is just for educational purposes.
NSE:CNXPSE
by Sanjan91
ASIAN PAINTS PRICE ACTION ANALYSIS. Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support. Place your stop loss level below the demand zone 2. The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book your profits here and wait for the price action for a new position. All the levels and information is mentioned on the chart as well. Happy trading :) This is just for educational purposes. Trade responsibly with proper financial advice.
NSE:ASIANPAINTLong
by Sanjan91
4
Long TCNS Brands above 580Today TCNS Brands' stock price has risen with good volumes breaking out 580 level. It is important to wait for a pullback and see if the stock could hold this level. Buy above 580 and place stop loss at 536 (8%). Targets are mentioned on the chart. The hurdle may be near the supply zone. Trail your profits after target 1 until the supply zone is breached with good volumes, then add more quantity for the rest of the targets. Follow the stop loss strictly, below this level price may take a downfall. Happy trading :) This is not investment advice, Please consult your financial advisor before investing.
TLong
by Sanjan91
Reliance Industries price action analysisReliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side, Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so be it becomes absolutely important to wait patiently for a trade position. Above the supply zone, all the shorts could be trapped, a short covering move could give a strong rally upside. This is a neutral idea. So there are no targets. Once we have a proper trend, we will set targets. Happy trading :) This is not investment advice, please consult your financial advisor before investing.
NSE:RELIANCE
by Sanjan91
2
Can Tata motors recovery from here? Check this analysis.Tata Motors' price took a great beating for its openness about the semiconductor shortage it has been facing. Many investors feel that the company did the right thing by being transparent. The volumes are very low which indicates sharks are not interested in the stock just yet. But the price being in the demand zone, it is time to look into it. The demand zone here is formed by the fib retracements 1.414 and 1.618. The stock has fallen enough, if it bounces back from the demand zone with higher volumes, we can wait for a pullback test and then go long. If it somehow comes to test the bottom of the demand zone, wait for the price action @ 272 for a day and then go long. If it manages to sustain below 260, go short. At point going long has the higher Risk Reward ratio. The probability for the price sustaining below 260 is little, it may go below 260 to hunt longs' stop losses. The volumes when stock price crossed 260 for the first time are huge, so my stance here is neutral to long. I would not go short for positional trading. Stop loss and profit booking levels for both long and short positions are mentioned on the chart. As per your risk appetite choose the long or short position. This is not investment advice. Please consult your financial adviser before investing. Thank you.
NSE:TATAMOTORS
by Sanjan91
Nifty 50's last hurdle.Nifty 50 is at all time high but breaking 16055 will be crucial for a major rally on the upside. The crab pattern's terminal price bar is placed at 16055. If Nifty reverses from here, as it is a bearish crab pattern, it could go on to test 15850-15800 levels. Below these levels could see another downside fall. Don't go short at 16055 immediately, the stoploss hunt for crab pattern will be at fib level 2 i.e, around 16105. Can go long above 16105 for a fool proof rally.
NSE:NIFTY
by Sanjan91
Nifty auto spot good long candidateNifty auto spot cmp 10000. Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern. Time Frame :- Daily. Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic nature,,, as per peak to peak cycle index might see upmove till first week of october.. Wolf wave :- At the moment index is trading in 5th wave of wolf wave formtation,, if wave 5 mature around this levels and reversal is seen in index from current levels,, than new bull run can be seen in this index and may give out performance now onwards,,, Hidden bullish divergence in RSI indicator gives support for reversal in trend,, Harmonic study :- Deep crab formation is observed as per retracement of last 2 swing ,, this can be pre assumption for the harmonic pattern ,, but if index manage to reverse from this levels , than would lead to formation of deep crab which have maturity point at much higher levels.. Chart Pattern :- Symmetrical triangle pattern,, index is trading around demand zone of triangle formation,, with divergence in indicators,, if managed to sustain above the demand line can give good reversal from current levels,, main trend can only be predicted once index gives breakout on either side of the triangel formation.. Good bullish formation observed in this index,, can start a fresh bull run....
NSE:CNXAUTOLong
by RUDRA007
2