DOUBLE BOTTOM CANDIDATE : NIFTYDouble Bottom pattern has been formed on NIFTY on hourly TF breakout of the trendline and neckline will give a strong bullish impulse.
Double Top or Bottom
Banknifty (only for min 100-300 points target)Banknifty . (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
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For " long "
entry: 44620 / 45120
target: 45030 - 45250 - 45760
stoploss: 44500 / 44980
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For " Short"
entry: 44410
target: 44250, 44030
stoploss: 44580
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " Simple, Focus on Consistency " 💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
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Disclaimer:
Our Trading style is not to capture "10-20" points per trade.📊
We take entry only for min "100-300" points without any distractions.💹
So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈
So, please consider others ideas.
This is for educational purposes.🧑💻
AUDUSD ANALYSIS FOR TODAY Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
Positional or Longterm Opportunity in DmartGo Long @ 3750.1 for Targets of 4414.3 and 4746.4 with SL 3584.05
Reasons to go Long :
1. On a Weekly timeframe the stock gave Trendline breakout.
2. Also a bullish chart pattern Double Bottom (W pattern) is formed around the support zone marked with purple color.
3. In addition to this, the stock took support from the demand zone where it initially was facing resistance.
Varroc BreakoutVarroc now trade in double bottom breakout level. Once break and hold above next target mention in Chart.
TDPOWERSYS LongParallel Channel BO
TDPOWERSYS
Buy above 241
SL below 210
Targets 252, 270
***Educational Purpose only***
RALLIS == Mid to Long TermNavarro 200 Harmonic Pattern
Unfilled gaps
Mid to Long Term
RALLIS
Buy above 196.5
SL below 170
Targets 204, 217, 236, 244, 261, 270, 289, 301, 321 +
***Educational Purpose only***
BANKNIFTY still 17th Aug ExpiryHello Friends,
This is my first bank nifty analysis and trying to trade in bank nifty
Let's quick review on it.
As after long fall it looks like making support at level 44300.
Pattern is built up double bottom so if buy ATM CE then it can be good opportunity for today or tomorrow for 2-3 days only.
There is looks like all events are done so it does not seems to be more fall and also near to complete one correction so now it should bounce back to up trend.
so lets see what we can get results of this analysis. do you own and trade on your own risk.
thank you.
650+ target🎯 koi shukkVery good charts petern, strong number posted, it's my long term investment bet
BTC formed bullish shark patternBTC formed bullish shark pattern clearly and have chance to make double bottom and bullish divergence , so we can expect 30000$ and if it breaks trend line then we see bullish movement.
Voltas - LongWeekly Double Bottom is in Progress in Weekly Charts
Can Take Entry at 770
T1 - 880 Safe
T2 - 934
T3- 1041 Aggresive
SL - 733
nIFTY IMPORTANT LEVELS /ZONES FOR 10 august iNDEX witnessed a strong recovery from lows
the stunning recovery led to improved sentiment and buying across the board
now since 3rd day in a row Nifty witnessed sustain above 20 ema area we can see the upmove to pick up from here
levels to watch : 19550 on downside will emerge as buying zone
while 19700 -19750 could act as a level of profit booking
Double bottomNSE:NIFTY we could see the formation of "W" or double bottom pattern
one can enter in call side, nifty above 19500
it can show sweet targets.
the stop loss would be low of 11:15 candle
confirmation could be 11:10 5min candle which is forming bullish pin bar, which also indicates bullish reversal trade as it has formed around the day low
Thank you and follow for more updates
banknifty way ahead The banking index yesterday outperformed Nifty
long oi addition witnessed in derivative dat
now need to sustain above 45200 for strong shortcovering move
TATA CHEMICAL DOUBLE BOTTOM...📈⚡️💵Double Bottom pattern has been formed on Tata Chemical breakout of the neckline will result in a bullish movement.
Expected Targets are:
TP1 - 1028.85
TP2 - 1037.10
Vishnu chemicals positional perspective ! The counter looks set for a strong move and most likely to see 600 odd areas with ups and downs in between
BALRAMCHIN - Weekly AnalysisIn the Weekly Chart of BALRAMCHIN ,
we can see that; it has given W pattern breakout.
Soon we will see Cup & Handle pattern breakout.
Enter on retest of W pattern breakout.
Hold and Go long at least till 520.
Wait for a week to execute an 1000 pt up swing long tradon NiftyAfter 2 weeks of bearish move Nifty may take a cool off session for another 12 to 16 days.
when it breaks the recent high 19646 we can expect a sharpe correction to bounce back to take off 20100 mark by September 3rd week. This could be 1000+ points ride expected based o n my analysis. Pls do your own analysis before taking any of your trade as this is only for education purpose only.
Banknifty ( Mostly Bullish ); Intraday.Banknifty .
Enter once after " Breakout and Retracement ".
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For " long "
entry: 45410
target: 45575 - 45760
stoploss: 45200
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For " Short"
entry: 45230
target: 45020 - 4487
stoploss: 45350
.
Enter only if market Breaks
"Yellow box" mentioned.
.
Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
.
refer old ideas attached below
Sell short termDouble top, dividend registered- now expecting a quick pull back before the next leg starts.
ASHOK LEYLAND Creating "W" Pattern in Daily ChartsAshokLayland Creating "W" pattern in Daily charts. If its sustain above @170.00 then we are witnessing to go a Bullish Rally.
Initial Target Point: @182.00
Keep track traders.
02 Aug ’23 Post Mortem on BankNifty | Bearish trend continues From yesterday we were bearish, so the moves in the forenoon session gave us some validation. But it was nothing like Nifty, the cuts in banknifty were not aggressive even though we lost similar points. The options flow was not indicating that deep a fall till afternoon - the premiums on nifty was far superior than banknifty (which has been unusual lately). Sometimes cannot really differentiate which has a higher beta - nifty or banknifty.
Banknifty fell 612pts by 12.00, then 412pts between 12.50 to 14.20 and the final recovery of 361pts in the last hour ensured the final loss was only 1.31% ~ 596pts which is not bad at all. If we stay like this, then banknifty will have to take leadership in the bearish trend. Since it has a 38% weightage - the institutions may target the financial sector to drive down the prices on Nifty too.
The 2 horizontal lines is a safe zone for banknifty, a strong break of 44598 will give bears total control and the double top would have given some bulls to take a breather. We will continue to have a bearish bias till proven wrong.
02 Aug ’23 Post Mortem on Nifty + Start of a new TREND 🐻Maybe it was the news that Fitch cut the US rating from AAA to AA+ that sparked the reversals in Asian markets. Our market too started to fall but had a decent recovery in the last 1 hr (just as usual).
The global markets were staying at elevated levels for quite some time now. Our market is at the APEX with the outperformance unchecked. Even with such a strong news flow - the downward impact was not that much, but we did take out some important levels which shows the down-ward rally may be just starting.
Nifty opened gap down and then fell till 11.35 with no signs of slowing down or pull back. We lost 218pts ~ 1.1% in the process which I think is the greatest loss in a 2hr window in recent times.
From 11.35 to 12.45 we traded sideways before the 2nd leg of fall started, we fell 132pts ~ 0.68% in leg2
And just as usual we had a dip-buying or maybe a profit taking from the shorts in the last 1hr, where we recovered 90pts ~ 0.47%. The total fall was just 1.05% ~ 207pts which is in no measure a major impact.
In yesterday's report we mentioned a bias shift to neutral from bullish. When the main support level got taken out, it made sense to go short. And then in round2 the next pivot level was taken out which prompted another round of selling. The failure to take out the 19400 level and a 90pts pullback did take out some confidence of mine.
India VIX although went up 10% today, staying at 11% does not show any fear. For mass participation we need a strong rising VIX above 16 within the next week. Nifty has made a triple top on a descending channel - till the channel holds the bias is now changed to bearish!
