ONGC - PRICE ACTION ANALYSIS💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Fibonacci Retracement
Nifty zig zag 4th Wave correction on the wayWave C is expected either be a ending diagonal or zig zag going down in the channel as shown.
Once this move is done near 15580-50 levels another big move UP will take place.
Target 1 level as you can see 0.618 Fibonacci retracement near 15580 or 1.382 fib extension of Wave A.
Target 2 level is 1555 is 1.618 Fibonacci extension of Wave A
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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BURGERKING has begun retracing after the correction(Fibonacci retracement in weekly chart of BURGERKING, from swing low of 14th Dec 2020 to Swing high of 17th December 2020.)
It is retracing after making a dip around 0.786 region (120-130 INR) and has crossed 0.618 region (148.5 INR).
It might speed up again above 157-159 region. Maintain strict stop loss below this 0.618 region.
You may hold the trade up until 180-185 region. Risk takers can wait till 192-194 region.
Above 194 could be riskier than usual. Because when it got listed, it hit Upper circuit for straight 3 days and stopped this streak at 194. The very next day, it began falling steeply.
PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.
Bullish on VODAFONE IDEA Vodafone IDEA looks like at a good place to accumulate. The stock is exhibiting retracement at 0.50 Fibonacci from the last one year wave (since Mar 2020) and is slowly moving up the year long trendline. We are bullish in the medium term for 13.5 as the range target. Stop loss if the stock falls below 8.
SAIL can go up if it beats latest Tweezer TopThe fib retracement drawn between the low on 19th April’21 and hight on 10th May’21 says it can retrace to 135 and then 150 levels.
But now it has formed a Tweezer Top pattern in the daily charts .
Levels to watch out for are 121.05 and 113.35-116.5, which are respected since 2007 and 2011 respectively. If they are breached downwards then those who are holding should be cautious.
Those who want to engage safely should wait till it goes up above 126.
If that happens, then target 1 should be 135 and target 2 should be 150. Stop loss under any of the supports which it respects.
PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.
⭐ JSWSTEEL | Monday possible setup🔰 MY thought process :
⭐ Making an amazing descending triangle pattern after a really big move, a break of this trendline on 30mins/15mins = a possible good trade
⭐Plan: we want a break of 706 LVL with power and volume = a breakout of the setup = our trade gets activated :)
⭐Plan: Then we wait and do nothing :) that's the best way to earn money tbh :), people who start thinking what will happen exits the trade on a red candle which makes their trading career worse so just have faith in your RR management and keep an SL below that candle that's our small risk and targets are - 1)730 and if u wanna hold it than 760 are good ones :)
🔰Am I taking this trade: I might if I find it as planned :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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SAIL Analysis | Can you enter now ? 🔰 MY thought process :
⭐ I have studied all the past data and made a good buy zone here if it comes to my levels that is this zone and gives me a conviction pattern on lower TF or then I will activate a trade :) well if gets higher and higher I will simply leave the trade and move on to other good stocks in the market :)
⭐A good pattern or trendline or a good bullish candle on 50 dema = A good sign to keep an eye on it again and than a good entry on lower TF is what i will prefer :)
⭐No good entry signs for now
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
BPCL | Full strategy | Description for details 🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: Might come on 0.3 or 0.5 seems good to buy here :)
⭐Pattern: Ascending triangle
⭐Volumes: HUGE on the D chart
⭐Possible trade activation on green zones + fibo retracement and hold if broken the ascending triangle neckline
⭐Trade will be activated on 1D if it makes a green bar on those lvls
⭐Risk: closing below trendline = SL and target = Winning trades should be trailed only :) ( my thinking, still if u want lvls i can provide them in comments :) )
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
34 % profit Opportunity In ( NH ) 24.05.2021BUY 426 TO 415
TARGET 593
Reason For Buying This Script :
It has broken all time high and it has retested the previous level high price. Now the trend in onset so we can go for buy.
It has good Opportunity for swing trade . Don't miss this .
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST...
Catch the bulls........NSE:MRF had started its rally from 55000 to 98500 and then retraced 50%. Currently we are able to see a wedge or pole & flag pattern in the chart which has given us a bullish breakout with low PCR and ready to move towards sky. One may trade it as per price action.
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