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Crab

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