Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
Analysis from 20-12-2021 onwards.
We are seeing bounce in bank nifty post 20-12-2021 in the form of complex correction wxy.Before this we had impulsive move unfolding in 5 waves on the downside.Meaning post this complex correction we can again see impulsive decline in the form of wave 3 or wave c.
Right now we are seeing impulsive rise post wave x in pink,of...
Technically on the daily charts we see major support on the downside @ 2505 levels, whereas minor resistance on the upside is capped around 2588 level
If breaches minor resistance on the upside and closes above it For 15min , we may see fresh breakout and Hdfc can Lead towards higher levels around 2765/2845 levels in Short Term.
For Educational Purpose...
According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)).
Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal.
If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move.
Price may take retracement as wave x...
NSE:MINDACORP
CMP near Breakout Neckline on Monthly Chart.
If December 2021 Monthly Closing is above 175-178 zone then BO is confirmed.
Minimum Upside : 50%
Next Targets : 212 - 294
SL : 147
Consistent high volumes signal accumulation
Monthly RSI > 60
Route Mobile looking to form a base around levels of its 200 days EMA and Fibonacci 38.2% Retracement level.
Disclaimer: View for Education purpose only not a trading recommendation.
Asian paint has started the impulsive sub-wave 'iii' of wave 5. Price has crossed the high of wave 'i', which is the signal of impulsive behavior of wave 5.
A long position can be initiated after a pullback when price penetrates on wave 'i' to take support. And that cannot be a barrier for long-term investors. They can jump on it.
But if you are a short-term...
Shows signs of short term trend reversal (bearish to bullish), and continuation of long term trend of bullish
1) Took support on 200 Day Moving Average
2) reversal from 61.8% retracement level of Fibonacci support level
3) Head and Shoulder pattern neck line Breakout
4) Flag and Pole pattern
5) Trend line Breakout
6) reversal from June Highs of 2375
for Short...
ADANIENT facing resistance at all time high levels near 1760-1790. after knocking for many times now resistance may get weaker... Fibonacci also shows it is taking support at 23% retracement level, wait for closing above 1740-1760 then it may give good returns in short time...
This is my dark horse and I am recommending this share since 114. This is my 5th buy recommendation for this stock. Last week Tata Power has given a up flag breakout. This is a very good techno-funda stock. An investor should have this stock in their portfolio.
Target - 368 Weekly.
SL - 205 Weekly.
View - Medium term.
After months of consolidation, Praj has given a up flag breakout on its weekly chart. The trading Volume was high on closing basis, therefore, I recommend to buy this stock as Medium to long term. One can buy agreesively if the stock manages to close above 375 on monthly basis.
Target - 475, 591, 700 and 750 Weekly
SL - 300 Weekly closing basis.
View - Medium to...
An inverted flag pattern seen in 15 minute chart of Nifty. If nifty brake down line of regression channel with the support of strong candle, we can see an immediate fall to 17704.Then 17655.let see. Also an interesting thing is that last day nifty closed near below .618 retracement point( i e 17828.45) from nearest swing low.
After a long time, NTPC showing some strength as we see can there is a bullish flag with the dry volume in 2hr time frame we have to wait for a breakout with healthy volume, our entry price is near 132, 133 our TGT is 140, 140+ and our SL is 129.NTPC
