Indiabulls Housing Finance Daily looking bullishIndiabulls Housing Finance Daily has trendline breakout/Inverted head and shoulder breakout with 200 ema as support on daily candle. Good to buy at 123 for target of 158 with sl below 108
Daily Charts
AIRAN Daily looking bullishAIRAN Daily has trendline breakout/flag and pole breakout with 200 ema support on daily candle. Good to buy at 18.45 for target of 30,35 with sl below 16.50
RAIN IND Daily looking bullishRAIN IND Daily chart has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at 169 for targets of 190,206 with sl below 157
TTML Daily looking bullishTTML Daily has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at retracement near 72 for target of 99 with sl below 67
HFCL Daily looking bullishHFCL Daily looking bullish. It has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle. Good to buy at 70 for targets of 82,86 with sl below 66
PARAS Daily looking bullishPARAS Daily has trendline breakout/inverted head and shoulders breakout with 200 ema support on daily candle. Good to buy at 580 for targets of 697,811 with sl below 523
PRAJIND Daily looking bullishPRAJIND Daily looking bullish. PRAJIND Daily has trendline breakout/inverted head n shoulder breakout with 200 ema support on daily candle.
Good to buy at 386 with target of 456 with sl below 365
Bank Nifty - 22 May 2023Expecting NSE:BANKNIFTY to continue it's Uptrend.
Target 1 -> 44070
Target 2 -> 44125
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty - 22 May 2023Expecting NSE:NIFTY to continue it's Uptrend.
Target 1 -> 18245
Target 2 -> 18285
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
TRIDENT Daily looking bullishTRIDENT Daily looking bullish.. It has trendline breakout/Inverted head and shoulder breakout structure with 200 ema on daily candle support.
Good to buy at retracement near 34 for target of 44 with sl below 32
INTELLECT Daily looking bullishINTELLECT Daily has inverted head n shoulder breakout with 200 ema support on daily candle.
Good to buy at retracement near 500 for targets of 588,631 with sl below 478
ANDREWYU Daily looking bullishANDREWYU Daily has trendline breakout with 200 ema support on daily candle.
Good to buy at 25.25 for target of 33.70 with sl below 21.80
daily chart analysisnifty after a short-term downtrend rallied to make a close above 18000. this pullback rally is a two-legged rally. which is indicating the shorts being covered and not the trend reversal. this makes the rally to be suspicious about the up move recently made by Nifty. so trade cautiously to be long on nifty till it makes a close above 18145 after a dip to 17600.
Note:-Any trade long on nifty to be with strict stop loss.
enjoy trading..........
Patel Engineering looking bullishPatel Engineering daily has trendline breakout/ Inverted head n shoulder breakout. Good to buy at 19.90 for target of 26 with sl below 18
DISHTV Daily looking bullishDISHTV Daily has trendline breakout. Daily candle is bullish candle which is closed above 200 ema. Good to buy at 15 for target of 24 with sl below 12.30. The SL is kept at zone low. Today's candle closing is imp. It should maintain closing above 200 ema. But as the RR is good good to bet on it at 15 rs.
MAHSEAMLES Daily looking bullishMAHSEAMLES Daily has trendline breakout with 200 ema support on daily candle, Good to buy at 364 for target of 447 with sl below 321
GPPL Daily looking bullishGPPL Daily has trendline breakout/inverted head n shoulder breakout. Good to buy at 108-109 range for target of 124,175 with sl below 105
ZENSARTECH Daily looking bullishZENSARTECH Daily has rounded bottom breakout with 200 ema support on daily candle. Good to buy at retracement near 252 for targets of 323,395 and long term target of 538 with sl below 244
TCS Daily looking bullishTCS Daily has inverted head and shoulder breakout. Good to buy at 3529 for target of 4043 with sl below 3436
MANINFRA Daily looking bullishMANINFRA Daily has trendline breakout with 200 ema support on daily candle. Also it made double bottom with rsi divergence.
Good to buy at 82.50 for target of 99 with sl below 78
TATA MOTORS -- Daily Trendline BreakoutTATA MOTORS -DAILY CHART SETUP- Trendline breakout .
1. Tata motors on daily chart setup seen trendline breakout on last heikin ashi daily candle AT above 417-418 level
2. 200 HMA seen above 405 level . short term resistance broken above 400, from then stock seen up-trend .
3. currently stock trading above 44, 200 HMA bullish technical indicators.
4. RSI seen moving upword direction and move above 60 , above wma .
5. Golden cross of 44 and 200 HMA seen.
6. BUY can initiate @419 short term Target 430-450 and 6 month target 480-500 stop loss at 395
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** trade at oen risk .!!
**** comments are welcome .
HAPPY TRADING. !!
My Elliotical Approach to XAUUSD Short.Hello traders!
1. We see 5 distinct waves each with their own seperate qualities as clearly mentioned on the chart.
2. We see and ending diagonal in wave v , which was followed by a swift and sharp wave (A).
3. Wave (A) retraced 61.8% which also happens to be a major resistance of the XAUUSD market on the daily tf.
4. Wave (A) also divides in 5 waves which I have not marked on the chart. This is so, because wave 1 and wave 2 of wave (A) seem to have operlapped a bit with wave 2 retracing close to 100% of wave 1 . This can happen in highly leveraged markets. For those who are new to Elliot Wave Theory, wave 2 should not retarce more than 100% of wave 1.
5. Wave B of a correction consists of 3 waves of which 2 waves are impulsive. B is considered elliotically non-tradable . But it components are impulsive and some part of it can definitely be traded.
6. Important resistance and support zones on the chart also point towards reversal of the XAUUSD market.
7. We do have to wait for the formation of wave 1 and wave 2 of (A) wave for confirmation .
8. Definitive targets and invalidation points will come in existence after confirmation.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
