As market was in strong momentum from a week as every candle was forming bigger than previous....
Last candle was form red showing weakness in momentum.....and also trading at upper level of channel.....which may cause resistance.....
Ashok Leyland Breakout in Daily Timeframe
Breakout Level: 169.50
Target Price: 182.00
Stoploss Price: 161.00
Key Point: Traded above EMA 200 (146.80)
Strong resistance around @167.00
If close above the resistance it should be going to touch upward channel around @182.00
Intraday trading is a popular approach among traders who aim to capitalize on short-term price movements in the markets. To succeed at intraday trading,one must be able to quickly analyze and interpret price action charts.
Price action charts show the movement of an asset's price over a certain period of time. Traders use these charts to identify patterns and...
MRPL Daily has trendline breakout with 200 ema support on daily candle. It has inverted head n shoulder breakout. Good to buy at 62 with target of 74 sl below 54
Bank nifty is range bound from quite sometime it can break the range but will face reisistance on buying side. trend is on selling side if breaks PDL (40820 ) level a good short position can be created of 200 points at least
AUDNZD Sell Trade opportunity
Recently, the support level was broken and now we are waiting for the market to retest the resistance level that I have marked. If the market does retest the resistance level, it would present a good opportunity to sell.
HINDALCO --DAILY CHART --SETUP
1. This is reference ro eariler idea oF GOOD -BUY--HINDALCO ,
9/03/2023
UPDATE : Double bottom formation seen at support level sub 400 , , Bullish CCI DIVERGENCE, CCI, ema crossover seen.
HAPPY TRADING .!
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
GBPNZD Bullish trade opportunities
its overall Bullish trend and its breakout the resistance line here is a good opportunity to buy the trade target mentioned in the chart
AUDUSD Sell Trade opportunity
Currently, the market is on the Fibonacci 0.61 level, there is a bearish candle indicating that it is a good level for a retracement. I am expecting that the market will retrace to the next support level indicated on the chart.
Target - 3470/3490/3655/3800
Support level -3366/3264/3200
Its forms Flag pattern with target point (315).
And also forms bullish flag.
It always form parallel channels and make lows and highs .
You can look at 45 min and 1 day time frame you may observe parallel channels mostly.
Consolidation channel- mostly 25 to 32 days it form highs and lows.
And now its...
NSE:JINDWORLD
Jindal world 1D TF - Reversal
Target - 11%
Stop loss - 2.5%
The analysis is done on daily TF hence
price may take few days to few weeks
in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for
educational purpose. Traders must
do their own study & follow risk
management before entering into...
Usually 200 ema plays as a strong Support or resistance level, considering where it is positioned from current price levels.
If further downside has to be seen on charts, prices may take a pause or a bounce back from 200 ema on Daily.
GODREJCP dailychart can be seen forming Cup and Handle Pattern. A potential breakout can be seen above 957.
Disclaimer- This trade setups is for educational purposes only.
VIPIND dailychart can be seen to have formed Ascending Triangle Pattern. A potential breakout can be seen above 770.
Disclaimer- This trade setups is for educational purposes only.
