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Nifty - Analysis for the coming weeksNifty | Range perspective: - The price has been moving in this range for the last 2 weeks. - The range is 650 points wide. Using the measurement objective provides us with a target of 650 points in either direction. - This means that, whenever the price moves out of this range, we can expect 17k or 15k. - I'd be looking to trade either direction with a strict SL. - Currently, the bias is bearish because the HTF structure is bearish. I'd be willing to short near 16450-16400 if the price gives me an opportunity. - In case, the price moves above 16450 and sustains, the intermediate bias will shift to bullish. Nifty - M15 These are the levels that I am looking at. - The initial supply zone is the point where the HTF sellers entered the range high and pushed the price downwards. - The secondary supply is the point where the HTF sellers dumped the price today. - The price is at the flip zone and can move either way. I am looking at 3 favourable scenarios where the HTF sellers defend their positions and push the price towards the unfilled gap. - We can also observe the formation of the Head & Shoulder pattern, which will get confirmed only after the breakdown of the neckline. - The breakdown of the H&S will also confirm the breakdown of the flip zone, in which case we can expect the price to fill the gap. - The depth of H&S is about 270 points, which also aligns with the bottom of the unfilled gap. - Hence, all of these factors are adding up for a beautiful short, either tomorrow or on Thursday. - This analysis may or may not work out. So, please do not take any random trades based on this. Nifty - M5 - Beware of the trendline breakout since there is a supply zone overhead. The breakout can be a fake breakout just to trap more longs before moving downwards. Thanks for reading! Hope this was helpful. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
Editors' picks
NSE:NIFTY
by johntradingwick
19
#Nifty's route=map till weekly expiryPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study. This Analysis has Based on Harmonic Pattern, Fibo & Price action. Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis. HAVE A GOOD GREEN TRADE
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NSE:NIFTY
by TradeInKey
23
Head and Shoulders at PIDILITINDBe Cautious #headandshoulders #pattern (trend reversal) at #PIDILITIND (Pidilite Industries Ltd) weekly chart. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #breakdown
Editors' picks
NSE:PIDILITIND
by Usemerr
8
COPPERCopper has given breakdown along with good intensity of volume, also formed 5 wave declined as a wave i after forming triangle as a wave X, wave ii has retraced very minor pullback, and now possibly wave iii is unfolding, which is making sentiments more bearish along with trend indicators supports in same bias, all the key levels are mentioned on chart. Overall wave structure on daily chart breakdown with good intensity of volume RK's magic cloud sell activated in Daily RK's magic cloud sell activated in hourly macd in weekly running negative macd in daily running negative macd in hourly turned negative rsi in hourly overall key levels are mentioned on chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Editors' picks
CAPITALCOM:COPPERShort
by RK_Chaarts
4
Bajaj Finserv: Elliott Wave Analysis & TipsBajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z . Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders. Bajaj Finserv has formed in the descending channel for more than 27 weeks . It has broken the control line's channel also. That indicates bulls are not ready to expect a falling knife. Measurement of wave ((4)): Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000 . Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action. Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms. After the completion of wave (z) of wave (4), the price will march for motive wave (5).If the price sustains above wave (X) at 17480 , Bajaj Finserv will move on for an all-time high. Note: ending point of the corrective structure is the starting point of an impulsive phase. I will update further information soon.
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NSE:BAJAJFINSV
by forextidings
16
GPTINFRA - Cup & Handle pattern formNSE:GPTINFRA BSE:GPTINFRA Time Frame – Weekly Technical Observations – 1) Cup & Handle pattern form 2) Breakout above 105-115 zone 3) High volume seen Resistance – 147.90 / 187.35 / 220.80 / 248 Support – 67.50 & Weekly 200 SMA DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
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NSE:GPTINFRALong
by Chart_World
1
RELIANCE INDReliance has given breakout of resistance trendline on daily chart along with very good intensity of volume, also it has been closed above 20WMA (Weekly Mid Bollinger Band) in addition to this macd in weekly is about to turn positive and daily has done positive crossover few days back, which is now uptick above zero line. Possibly wave 3 of 3 can now unfold. On the way up, it can rise higher towards the upper end of the rising channel which is currently pegged at 2918 coincides wave 1 and 3 both will be equal at nearly at same level. On the way down, RK's stop line and 20WMA , currently pegged at 2416 and 2340, will provide support in forthcoming weeks. RK's Magic positive signals to go long breakout on daily time frame with good volumes weekly chart some findings are mentioned in snapshot macd in weekly uptick above zero line macd in daily positive rsi in daily chart uptick and now at 60. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
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NSE:RELIANCELong
by RK_Chaarts
26
Analysis of GNFC : Multiple Entry Point & Momentum ConfirmationThe stock is fundamental strong and technically given multiple confirmation & entry point. The analysis given below : a) Falling Wedge: The price structure was in HL-LL and given a resistance breakout with volume. b) Inverse Head & Shoulder: After the breakout and making new high, price was consolidating in range with neckline acting as resistance. c) Neckline resistance broken with surge volume, confirm the breakout. d) Retest Level: The price retrenched to neckline level and acted as support base. The inverse hammer was formed at retest level (giving sign for reversal). e) Entry Level: The correct entry level was above high of wick in inverse hammer candle. f) The stock got a momentum and confirmed with volume. g) RSI Divergence and Fib Support from golden ratio. Thanks
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NSE:GNFC
by Indieconomic
15
SAILSAIL has marked oct top as X and then an ending diagonal, which should now be complete as prices have come back inside the wedge, wave E of wave Y is a shortest in the pattern even as it is a 'Under throw' below lower line, we can say like a fake breakdown, Now macd in hourly has turned positive along with macd in daily is converging towards north, also one trendline is broken on chart with good intensity of volume. it looks good to go long. breakout with good intensity of volume support from support area macd in daily is converging towards north macd in hourly positive rsi in daily is uptick near 46 rsi in hourly above 60 Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing
Editors' picks
NSE:SAILLong
by RK_Chaarts
16