USDINR DOW theory Weekly View from Monday 14Jun2021USDINR DOW theory Weekly View from Monday 14Jun2021
Uptrend in Daily Timeframe
USDINR has broken out of a triangle/flag pattern
Retest of the same is expected to go higher.
However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour.
Details given on the chart.
Happy Trading !!!
Dowtheory
USDINR DOW theory Flag BOEverything explained in chart...
Sold Put options of lower strikes and next expiry...
Disclaimer : This is a trading idea for learning. No trading call. Keep your stop losses and risks within your limits.
Nifty View To do ATH or not to do ATH, that is the question?Nifty broke our bearish DOW theory and made a HH (higher high) than previous LH (lower high)
If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here.
Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High.
So, on broader view, it is still making LH and we may expect a LL and for trading that move we must see a breakdown of 15690 (HL level)
Today's high is also 78% retracement of yesterday's dip (which could also be wave B).
Nifty Expiry View 10 June 2021Nifty broke the Higher Low of the previous Uptrend, making a Lower Low - Lower High formation.
This can be considered trend reversal.
Nifty may halt at this level between 15700 - 15500
If flag breaks down making LL below 15560, or makes a bearish candle pattern supporting bearish view, we may go for short.
else price may halt here before continuing the downward journey...
USDINR reversing / DOW theoryUSD INR formed a bullish candle today on Daily TF
Also, on hourly its changing DOW theory and making higher highs and higher lows... YES ! Uptrend !
Flag n pole structure formed on hourly.
Flag breaks go long or else wait for confirmation of breakdown below 72.638
Went long after the morning star today... :)
Happy Trading !!!
HGINFRA: DOW Theory UptrendNSE:HGINFRA
Current Market Price : 358.45
Accumulate Between 378.40 to 353.50
Target 1 : 400,
Target 2 : 500,
Target 3 : 600+
Stop Loss : 310
Time Frame : Within 90 Trading sessions roughly as per Technical Analysis Principles.
Logic behind this idea:
Higher Highs and Higher Lows formations as per DOW Theory, It is long term Bullish
Disclaimer
Risk is Yours and Reward is too yours totally. This idea is being posted here by me for educational purpose only.
Thank You.
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USDINR Is the trend reversing with changing DOW theoryUSDINR was in a downtrend with Lower highs and Lower Lows
However, today it formed a hammer at the bottom in daily time frame, which could be a bullish reversal sign
Also, in hourly time frame we can see, it is changing its DOW theory.
If it breaks the bullish flag, more upside possible. 1st target 73.32 / 73.40
else I will wait for bearish bet below 73. till then no trading zone.
Titan one of the favoriate big bull stock three drives patternThe stock has taken support at 1400 and moves upward, we can expect a new trend to start, or else we can expect dow theory or double bottom
BANKNIFTY BUY ABOVE 33024.55 with a target of 33953.5 stop loss - 32237 (stop loss on 15 min candle close)
Personally, I don't prefer this huge stop loss but the pattern negotiation point is 32237
Sell at 33954 with a stop loss of 34057.15 (stop loss on 15 min candle close
Personally, I try to short for this trade because the R:R is good in shorting
small cap stock good for buyingStock(MRPL) making HL at resistance point with good relative strength a good candidate to go long at this price point
UPTREND DOW THEORY IN TCS SPOTTCS SPOT is in strong uptrend. If this holds present support zone. It can rally up to 2450++.
View negated if create new LOWER LOW on Day Closing Basis.
