in weekly we have 3 bar reversal pattern is generated, also price having hard time to push up, we have 3 bar reversal pattern in Daily also, hence i suspect there will be a huge sell of in nifty 50 in coming days
This is my expectation for BankNifty in coming days. Looking forward to 0.5fibo levels. expecting some resistance near 40132 and then can breakout for 40500levels. There we might see some major resistance and can end giving reversal in chart or side wise move.
Go Long above 2899.1 for Targets of 3013.5, and 3127.9 with SL 2784.7 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci...
Go Long above 994 for Targets of 1031.85, 1069.7, and 1107.55 with SL 956.15 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618...
Go Long above 1547.1 for Targets of 1593.2, 1639.3, and 1685.4 with SL 1501 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange...
Go Long above 1202.8 for Targets of 1262.4, and 1322 with SL 1143.2 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. A bullish candlestick pattern ( Bullish Hammer ) and ( Bullish Engulfing ) marked...
Go Long above 3705.15 for Targets of 3804.45, 3903.75, and 4003.05 with SL 3605.85 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with...
Go Long above 2219.2 for Targets of 2311.7, and 2404.3 with SL 2126.65 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is...
Initial buy :: 185 - 195 Initial S/L - 175 Add more near 210-215 (if price sustains or retraces) Trail using SuperTrend Indicator Use FIB Levels or Channel Top for Target reference.. Reasons for increased probability:: ---------------------------------------------- -- RSI breakout and Price / RSI are making HH & HL -- Price broke the bullish flag pattern...
The stock is at crucial resistance levels Given the set up one may consider to sell 25 Nov expiry 260 Call option currently around 7 Strategy has max profit potential of Rs 47250- per lot and has in built loss protection for a rise up to 267 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not...
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
hello traders , we can focous on kei industries ,but buy after 1010 for target 1030,1050
Stock has been in a down trend since june and was not able to give a break out. Price has tested the resistance zone 3 times and now is the fourth time it is trying to break. And during this process an inverted head and shoulder pattern is formed on the price chart. As we know that it is a reversal chart pattern, and we can see an upmove from here if price...
Axis bank has fallen 12% even after good result .The stock can make up move provided if bank nifty is positive. Here is my analysis 1)Double bottom pattern . 2)Lower low level not taken out & consolidation is from few days. 3)Good risk reward ratio 4)Trend might change if Lower High is taken out of fib level of 0.236. 5)Analysis is of 20 to 30 points and for 2 to...
Important levels for 9th Nov 2021 NSE:BANKNIFTY ......................................................
NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
I'm looking for shorts in Nifty 50, Price now approaching Bearish OB which there in Premium Zone, hence i expect potential bearish move in NIfty50.... This is just my analysis, price can do whatever it want, we have to be flexible according to Price moves also always look for LTF BOS to the downside as a confirmation before taking trade at Bearish OB
JK PAPER : Currently this is trapped in rectangular pattern consolidation. The upper ceiling stands to be at 253 and lower support is 218. It has been range bound with in this range. Recently it is testing 220*4 HRS Moving average. Previously the up move came after it tested 220*4 HRS Moving average. And hopefully we will see a good up move from now onwards, the...