Banknifty - market taking support from harmonic demand zone, here my opinion is the market may take min 38% pullback
Please 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...
NIFTY : Getting Rejected from strong resistance Need to break 16400 decisively and then GAP Filling Possible Small resistance at 16490
Be 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...
Hey everyone! 👋 You may have already seen plenty of cool TradingView heatmaps floating around social media. In case you haven’t, here is what a heatmap looks like: This short visual guide will help you in accessing and customizing our awesome heatmap feature. 1. When you open TradingView, you will see a toolbar at the top with various options, including...
Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Copper 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...
Pattern name: Bullish Engulfing Pattern Type : Bullish Reversal No. of Candles : 02 How to Identify it ? 1)There must be a preceding Downtrend. 2)A short Red candle followed by a long Green candle. 3)The Green candle should opens lower & closes higher than the Red candle. 4)The Red candle should be completely engulfed by the Green candle. Psychology behind...
In Chapter – 1, we have seen about candlesticks. Today we are going to see about supply & demand concept with candlesticks. Lets first see about the normal concept people follow for supply/demand zone. I have used numbers 1,2,3 and 4 to mark supply and demand zones in this post. In the above chart 1 acts as demand zone as price had good upside move from it. ...
#GALLISPAT (W):- CMP 69.35 Looks Good For More Upsides :)
Hey everyone! 👋 Have you ever wondered how to check your post statistics such as views, comments, and likes, without going through each and every post? Today we wanted to drop this short visual guide to help you out in achieving this. 1. When you open TradingView, you will see a toolbar on the right side of the screen. 2. Click on the bulb-like icon ...
Here are a few important lessons that can help traders and investors to survive in the markets and become profitable over a period of time. Risk Management ---------------------- Whether you are an options trader or cash market investor, risk management is the most important concept to deal with. You should always prescribe our risk before entering the trade....
Type :2 Fear of losing If you’re going to be a trader, you’re going to lose money at some point, and in case you are still in the phase of trying to avoid all losing trades and searching for a “Holy-grail” trading system with a 75% strike rate, you should forget about all that right now. As cliche as it may sound, losing really is part of winning as a trader; the...
In the example above, note the following: - Warning candles: Doji + Hammers + bearish candles indicating exhaustion and a lack of follow-up. - A relatively higher volume on hammer & doji, which is never a good sign for a breakout because it indicates significant selling pressure. - A bullish breakout must always be accompanied by a good follow-up, else it...
Hey everyone! 👋 Last week, we explained some of the basics to know when it comes to understanding bullish divergences in the markets. If you haven’t read that post, be sure to check it out here: In this post, we are going to examine just the opposite: bearish divergences! Please remember this is an educational post to help everyone better understand...
Bajaj 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...
As per the pattern BNF is currently in complex correction. Here on 1 H TF, it looks like continuation leg (X) (abc) of complex WXY(X)Z has been completed and now its going for retracement. (expected levels= 37489). It is recommended to trade only in the direction of the trend. Here, in this case I'll wait for the retracement to over.
NSE: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...