6 Major Reasons of Expected Fall in Indian Market Sep-2020We have identified some technical reasons of recent fall in Indian share market in Fab-Mar 2020.
After that we saw a sharp upside rally but in middle of Sep we are finding some major technical reasons which can move the market further downside.
Community ideas
M&M - "Parallel Channel Formation"Parallel Channel Formation In M&M, Look Good For Buying And Selling After Support And Resistance Is Taken Away .
Buy After - 655
Sell Below - 595
Median Support - 630
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
IEX BREAKOUT and RETEST (after a long consolidation)IEX has been consolidating since Jun 20 in narrow range and gave breakout 14 Sep 20 and retested its breakout level in previous day session. Formation of a good bullish candle here will make a good buy for swing / Long term. You can see inverted Head and shoulder pattern as well.
BankNifty- Leading Diagonal Scenario Leading Diagonals have 2 forms or shapes which is rarest of patterns seen in the markets
1st form - can be 5-3-5-3-5 structure (upside or downside)
2nd form- can be 3-3-3-3-3 structure (upside or downside)
Bank Nifty ( Possible 2nd form) unfolded from 24th March 2020
In the current scenario ( a possible example of 2nd form i.e. 3-3-3-3-3- could have unfolded in Bank Nifty) - i.e. ( Wave-i circled is yellow wave - (w)-(x)-(y) ) & so on.
When all global markets turned upside in March 2020- Most of us thought, it could be upside bounce soon to reverse down ( which is a very common reaction because we had a severe correction on account of Covid19 or Corona Virus) & we still struggling with the tricky situation thinking that some big corrections could unfold soon & has tested the patience of majority market participants.
Support & Resistance for Bank Nifty
1st Support -21400
2nd Support-21000
1st Resistance-22700
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Note
This is not a trading call. Kindly do your own due diligence. Consult a financial advisor before taking any trading based on this view. Purely for Educational Purpose
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Buying Pullback -at Trendline SupportEntry 430
Stop-loss 409
Target 530
Risk/Reward 1:5
Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio.
Don't invest more than 5% of your total capital into a single stock.
Is Nifty on Leading diagonalOm Namah Shivay
Brothers, Nifty could be making a leading diagonal. Check the chart.
Little early to confirm the same.
And that will confirm the pattern and target. The target is based on the (2)/B obviously.
The future possible moves are on chart.
This is just education purpose only. There are no trading suggestion from this.
Om Namah Shivay
[BULLISH] TALBROAUTO - The VOLUME at play! The current view on NSE: TALBROAUTO is bullish. The analysis is done from the macro to micro time frame. Monthly, Weekly, and Daily timeframes were taken into consideration respectively.
The volume is at play here. On bullish days the volume is too high and during consolidation and bearish days, the volume is too low. Clearly there is a bullish interest in this stock. Also, the stock happens to move in a channel.
Targets are shown on the screen along with the stop-loss level. I suggest you trade at your own risk after doing your own analysis.
Trade Status: Active
SUNPHARMA is in rectangle /ranging pattern in 1hr chartSUNPHARMA is in rectangle /ranging pattern in 1hr chart, usually after breakout the prior trend will resume.
Minimum target is the height of the pattern.
Breakout direction can be verified by volume
If heavy volume is on the downside, then it will continue the previous trend
If heavy volume on rallies and can be considered a trend reversal.
: Only sharing my idea, trade /inverts at own risk .
The future is uncertain and the end is always nearLet everybody else speculate on the future.. "The future is uncertain and the end is always near..." For us it is alsways full of possibilities.
"This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly in related ideas linked below, as market progresses, only for educational purposes for me and others who want to benifit from my experince. You can see the journey till date in linked related idea below - Nifty: One last Photon
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Manappuram- H&S pattern Positional sellNSE:MANAPPURAM
Hi Traders,
MANAPPURAM is in Sell zone and you can open new orders based on price action. Stock has broken support and neck line of H&S pattern and start moving in downward direction.
Stock Analysis
* Stock forms H&S pattern and it has broken neck line .
Buy Level
Sell below 146 (Based on price action)
Target Level
TP1= 136.50
TP2= 130.00
TP3= 119.50
TP4= 102.55
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###Learn To Earn###
* It is educational/learning purpose only...
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MCX Gold - Classic Bullish Triangle (Expect 56191+)Bullish Triangle Running – A Classic Scenario for MCX Gold
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Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Last Price- 51650 / Time- 21:12 Hrs (9 pm) - 26th Aug 2020
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The description is based on a scientific analysis called wave theory as mentioned below
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Currently Running in Wave-D
Expected Out Come
Wave- D & Wave -E Pending
Wave-D should stop current upside move below Wave-B @ 53965 Highs to be a valid setup
Post-Wave-D is done, we shall expect Wave-E Downside
Once Wave-E is done downside- it should hold above 49955 low which is marked as Wave-A (means- your stops should be below 49955 lows post completing Wave-E)
This forms a penultimate wave- means the second last wave on the upside that means one wave more on the upside is pending which will take Gold to the same level-56191 or above 56191 highs as of 7th Aug 2020
Best visual representation has been marked using Arrows which could be a possible trajectory for the commodity in coming days
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Thanks
LICHSGFIN:- TRADE SETUPLICHSGFIN in Accumulation phase for last 48 Days and shaped up in beautiful bullish Continuation pattern .
Breakout through the major Resistance with huge volume and close above it.
Trend seems to remain bullish.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Bank Nifty Trading Strategy for 21th July'2020#banknifty
Cypher pattern:- Bearish formation seen on #banknifty
Focus on PRZ - Price Reversal Zone (22,650 - 22,750)
Nifty P/E stands at 28.86, bubble expanding, be cautious.
Head & Shoulder formation in progress in a 1-hour chart, any bubble break will happen below 21,000 might see a target of 18,895.
I won't change my view based on dow or vaccine news, I will post what I see on the chart.
Trade what you see, not what you feel, enjoy trading.
IDFC First Bank ( Most awaited move to comeCreated double bottom at 17 - 18.50 has strong support. reached 25 level in 1st week June, then after was in consolidation phase for on month been in range 25- 29 range. if sustain in 29 level than we can see break out to 32.80. ( most awaiting price action from this counter).
There are possibilities can reach till 40 levels.
Adani PortsAdani Ports fell continuosly for 9 days and stopped at harmonics reversal zone of 311.
Made low of 309.6
The next day it made inverted hammer and today hammer.
View is to long about the high of hammer
Long above 320
SL 310
Target 330,336
Highest OI is at 350 CE and 320 PE.
expecting it to close in between this range
Once in profit of 3-4 rs can sell 335 CE to pocket premium and save the downside risk
Adaniports future buy would cost around 2.75 L but when you sell a CE it would take only another 25k-30k extra Margin.
335 CE is 5 rs at the moment and would be around 7-8 rs when adani would be trading at 322-324
when you sell it you are protected downside in case your sl hit.
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
Time to sell titan (Head & Shoulder pattern).Ticks :
1) Head and shoulders
2) Triple Tops.
One can enter short after the breakout of the neckline.
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
Traingular breakdown - Pure price actionPrice action clearly depicts the strong bearish view for short term.
Prior to the failed breakout price action was quite bullish but after the breakout failed the stock has continuously made LH & LL which is a classical bearish price action. RSI confirms the strength of bears and weakness of bulls. Once the RSI falls below 40, one can expect a sharp fall with momentum.
Let's wait for some more price action as it could retrace. Trade with caution.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
