No point guessing where the market may move when we are going to have some highly volatile days ahead. (Fed, Budget, Results etc.) 1. As of now, NIFTY has Stronger Supports than Resistances. 2. 17000 is Technical + Psychological level and would be hard to break. If broken, we've important Supports at 16800/16725/16675 of which 16675 would be most important (App....
In this " Research Report " we're going to be looking at the "Flat correction". As you know, with respect to the Wave Principle, there are three types of Corrections. 1. Zigzag 2. Flat and, 3, Triangle We're going to examine the Flat now. The first thing that's important about this pattern here is being able to identify its characteristics. First is, its...
Hey everyone, My previous education idea on Fibonacci Retracement got some good response. Today, I’m back with another education idea, explaining an awesome tool called ‘Pitchfork’. Alan Andrew, the creator of Pitchfork tool, got inspiration from Roger Babson’s action reaction lines for the idea of this epic Pitchfork tool. Likewise, Roger also got inspired from...
1. Long legged Doji on DTF showing more indecision in Sellers than Buyers. Basically bears' exhaustion. Chances of uptrend are higher. 2. Closing below Friday's low of 17485 will negate the view. 3. Next major support is at 17265, the previous BO level. 4. For confirmed uptrend, we'd need a closing near or above 17650. 5. In case 18350 isn't breached and remains a...
Hello everyone, This is my first post on trading view, so pardon if I break any protocols of writing. Do drop in constructive suggestions on both the analysis and writing. I love the feedback based improvement process. So cutting right to the chase, I have been observing the Gold to Silver Price ratio. A fall in the ratio has often led to an upswing in silver...
Short Video Outlook on HDFC ------------------------- 22nd Jan 2022 ------------------------- ------------------------------------------------------------------------------------------------------------------------------- 4th July 2021 - HDFC - WaveTalks -Pattern /Patience & Penultimate Correction which was Wave 4 Triangle....
Hi all, today we are going to study about basics and usage of technical analysis. I have prepared this wholesome post so that you guys are able to understand what technical analysis is all about. I have shortened the sentences to readable points, hence, don't mind the grammar. Learning objectives: After studying this post the student should be able to...
The stock has given a breakout of the classic cup and handle pattern on weekly time frame. Today the volumes were also good. Buy positionally above 365 level for a short term target of 385 and mid term target of 440. Kindly buy as per your risk management. Learn & earn, Dr. Tanya Kumar
BankNifty opened flat and we saw huge volatility in the morning due to HDFCBank as expected. BankNifty lost all morning gains and closed in the red. Trades we took today - > Bought BankNifty 38300 CE at 370 which went above our Last Target 510 but due to fast movement, only a few Traders could take this Trade > Bought BankNifty 38600 PE at 430 which made a high...
Here is a stock with good cash flows and EPS. RVNL made its previous all time high in January '21. Then, it went for a healthy correction at the end of the month. Getting retraced from the golden level of Fibonacci, then it consolidated till the 3rd quarter of the year. It skyrocketed to the new high at 44.80 in mid October. In this situation, I drew the...
It looks like mother Sumi has completed the 4th wave correction, and the ending point of the corrective wave (4) is the starting point of wave (5). Wave (4) is occurring in double three corrections. A "double three" consists of two corrective patterns, the first labeled W, and the second label Y, separated by a corrective pattern on the opposite side, which is...
Brent oil sees further downside after confirming short-term rising wedge bearish chart pattern the last week. However, oil traders turn cautious ahead of today’s OPEC+ JTC meeting and monthly print of the US ISM Manufacturing PMI. That said, a five-week-old horizontal area and 200-SMA, respectively around $77.20-76.80 and $76.25, restrict the immediate downside of...
Let's talk about each waves of Triple Zigzag: Wave W (5-3-5) impulsive: ((a)) = ((b)) at 17709 which is close actual low 17613. Its a sharp zigzag. Wave 1X corrective: Wave ((b)) 3-3-5, Running Correction which is little complex. Wave Y (5-3-5) sharp: ((a)) = 0.786 ((b)) at 16824 which, is very near actual low as 16782 Our first question is, What is the...
NSE:HDFCBANK Observations: 1) On 1 day time frame, it closed just above 10DMA and still trading below 200DMA. Please refer below chart : 1 day Time Frame. 2) Also on daily time frame, it made doji candle. If it trades above today's high then it will be quick buy trade. And if it trades below today's low then it will be quick short. Please refer...
GBPUSD bulls fail to cheer a clear upside break of the monthly horizontal resistance, now support, as the 50-DMA challenges immediate upside. Given the easing bearish bias of MACD and firmer RSI, the prices are likely to extend the corrective pullback beyond the 50-DMA level surrounding 1.3450. However, a broad bearish trend established since June remains intact...
Avadh Sugar has given a good solid breakout. keep a deeper stop loss at 400 and the first target should be 510 and then we can keep 510 as a trailing stop loss once the stock crosses that zone.
IEX is an Indian Company in Power Sector. Recently after forming a Bearish Bat, Share price fell by almost 20% from 303 to 235 The RSI of the company also reached 30 level - Key level for bounce back After taking support at its previous low that is the W pattern low 1 at 236- 232 zone ( purple rectangle in chart ), The share has shown a healthy bounce led by...
The majority of short-term trading results are just random. In the long term the money ends up with those that can trade and manage risk. Why Risk Management is Important? People who don’t follow Risk Management they can blowout their account easily. For instance, they are taking 20 % risk of trading capital, then only 5 wrong trade can blow their account....