650+ target🎯 koi shukkVery good charts petern, strong number posted, it's my long term investment bet
Double Top or Bottom
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
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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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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!
03 Aug ’23 Post Mortem on BankNifty Weekly Expiry Analysis 🐻🐻BankNifty Weekly Analysis
Banknifty has fallen an impressive 3.18% compared to just 1.89% of Nifty. The major reason for that is
Banknifty always acts as leading indicator in a trend change
NiftyIT and Reliance were supporting Nifty in the last week.
Once the US market started falling due to the Fitch rating downgrade, NiftyIT started correcting which ensured Nifty’s breakdown. Now why BankNifty chart pattern screamed a bearish opportunity before Nifty - I really dont know. The price action of 27th Jul was very strange and unusual.
BankNifty Daily Analysis
Today’s price action was in perfect harmony with yesterday’s. The ease with which the chart pattern could be plotted was as simple as going short in today’s expiry. The day started pretty ordinary for OTM options, but after 10.00 the premiums started jumping indicating a market trending opportunity.
The real move came only after 11.30 wherein we dropped 591pts ~ 1.32% till 14.10. Overall we fell 754pts from High to low of which ~80% came after 11.30. There was also a decent recovery of 325pts ~ 0.73% in the last 1hr 20mts.
The final close of just 1.07% ~ 482pts loss is not a deal breaker at all. Basically the market participants are still euphoric and the fear level is absolutely near zero. The VIX falling today even after a 6% surge intraday is proof. For push down of prices - we would need more intense selling on HDFCBK, ICICIBK, SBIN, AXISBANK which has a decent FII exposure and has seen a one-way rally.
The double top pattern from yesterday has now changed into a head and shoulders further reconfirming our short side possibilities. Until proven wrong, we prefer to go short.
BANK OF INDIA Weekly Chart Potential Breakout LevelBANK OF INDIA Weekly Chart Breakout
If BANK OF INDIA Daily chart close above @86.30 then go for Bullish run on Short Term Perspective.
::Data Point::
Potential Breakout Level: @86.30 (Entry Point)
StopLoss Level: @76.50 ( approx. 10%)
1st Target Level: @101.50 (approx. 18%)
2nd Target Level: @110.00 (approx. 27%)
Dollar Industries Intermediate Term looks bullish!It appears that the price of Dollar Industries Ltd. has reached its lowest point after trying and failing to go below a certain level. Instead, it started going up again, which is a sign that a new upward trend may be starting. the price seems going above the highest point between the two lows, it confirms that the trend is changing to a more positive one and looks like Double Bottom .
The Double Bottom is a reversal pattern of a downward trend in a stock's price.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
AFFLE DOUBLE BOTTOM BREAKOUTAFFLE breaking out from double bottom
huge volume good RSI
trading above 20 ema
educational idea only
HIMATSEIDE Analysis(Double Bottom)!HIMATSEIDE Analysis on Weekly Timeframe
Bullish view on HIMATSEIDE
Double Bottom Pattern Formation in HIMATSEIDE
Neckline Breakout
HIMATSEIDE has made double bottom patten on Weekly Timeframe. The price has given breakout to the neckline 85.45 and now it is trading above it. We can see the breakout has happend with the good volume. We can expect further upmove upto 107.80.
Trade Psychology and Setup =
Entry = Between 85 - 90 but it will good if we can enter with lower price
Target = 107.80
Stop Loss = Below 75.80
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
BHEL Analysis(W Pattern)!BHEL Daily Analysis/b]
Double Bottom (W) Pattern formation in BHEL
Will it move as per Double Bottom Pattern Analysis? Will See!!
BHEL has made double bottom pattern on Daily Timeframe and also it has given neckline breakout 79.85 with good volume and successfully able to close above it. BHEL is trading above 50 EMA which is also a confirmation of bullish trend.
Trading Psychology and Setup =
Entry = Entry will be between 80-82
Target = Target 1 will be 87.60 which is also a 1.618 fib level and will acts like a possible resistance and 2nd will be 95.50
Stop Loss = Below 76.75
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
