[Positional/swing] HPL Electrical LongBO with recorded high volumes now at retest
Buy at CMP (good buy zone is 50-45)
weak below 38(Small cap so please maintain SL below 38 on closing basis)
target of 64-74-90
Resistance acts as Support near 49-47 Also Fibonacci retracement zone (61.8%) near 48
Increasing volumes during uptrend
volume dry up during consolidation
Fibonacci Retracement
Info edge 4th wave double or triple correctionInfo edge could be completing 4th wave correction or may give final correction in Z wave till 0.618 fibonacci level.
Other details on chart. Since exact end of 4th wave not know so Swing low would be stop loss
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Banknifty_Cairn Energy to file lawsuits in US, other nations to seize Indian PSU assets to enforce $1.2 bn arbitration award and its good to shor if breaks below trend line
JSW Steel Extended 3rd and 5th Waves and Channel ResistanceStock has spectacular rally after March 2020 lows due to extended 3rd and 5th Waves.
The channel has been drawn between mar 2020 lows and previous all time high.
Now V of 5th is ending diagonal and Negative divergence seen on MACD.
Break of lower channel line of ending diagonal would confirm downside which is expected to go 0.618 or more.
Alternative to this analysis If stock moves past 460 it can head towards next Fibonacci extension points 485/524
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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DOLAT Weekly Breakoutit has given weekly breakout with good volume at 62 levels. it has retest breakout level on daily time frame.
Steady rise in volume on weekly since January.
it can rally upto 84 levels.
RSI is at 67 on weekly and daily
IEX on SupportIEX on support, it could either break it and take support on rupees 320, Fibonacci retracement level of 38.2%, or hold the support and move up. Watch for maintenance or breach and take a call accordingly!
TATA CONSUMER PRODUCTS "SWING TRADE"Tata consumer is standing at very crucial support once the ressisrance is broken and sustained we might see an up-move.
BANKNIFTY TRADE SET UP (MARCH WEEK 4)The market has been correcting for the past several days and BankNifty has moved down 11.5% from the high it made in February. This has presented some good shorting opportunities. While the market trend in the very short term remains bearish and long term trend being bullish , there is heavy volatility on either side.
After correcting for 4 consecutive sessions, the index had a good recovery on Friday, which may have trapped all the bears. If we observe the trend for the last 1 month of the 15 min chart, we can see how we are currently trading at the bottom end of the downward trend. The index has also made a very nice looking double bottom or W shaped patterns, which generally happen to be reversal patterns. Also, on Thursday's sell off BankNifty re-tested the 50% retracement level from the rally after the budget. Considering the region where the double bottom formation has occurred, I think it is highly likely that the market reverses from here and at least re-tests 35,000. I am more biased towards the bullish side for the coming week, although I am prepared to consider the short side as well incase the Thursday low is broken.
These are my personal views and I reserve the right to be wrong. Please trade with proper risk management.
If you found this helpful, do like and follow. :)
Do leave a comment if you have any questions!
ITC Channel and 0.618 Fibonacci LevelsITC previously corrected 0.618 fibonacci level after making swing high from march 2020 lows.
When channel drawn on swing high and March low 0.618 fibonacci level comes at lower end of channel. Coincidence or probability of downside in future.
ULTRATECH CEMENT "Channel Pattern" Bullish view
Reasons:-
1.Dynamic support
2.Price support
3.Channel Pattern
4.Volumes indication of weak down trend
5.Fibo levels @ 0.5%
If not an direct upmove we might see some consolidation and then the stock may shoot in upwards direction.
The EMA and the support are very crucial levels lets see if they could sustain.
BTCUSDInstitutions are the main reason that we are witnessing a bear market in a Bull cycle. I personally think that Institutional Traders wants to get in the Bull cycle at their particular price point. So kindly wait for the price action to play out.
Watch out for the above mentioned Fib levels in the chart.
Disclaimer:
Trade at your own Risk. I am not responsible for your own actions. These are my opinion and not financial advice.
WIPRO |SWING TRADE |15/3/21All the reasons for the trade have been explained in the video.
--HAPPY TRADING
SRTRANSFIN- Multi-time Frame + Fibo + BreakoutOverall the stock has a positive trend, but pullbacks are very deep.
- Requires proper breakout with volume.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
BEL | INTRADAY + SWING TRADE | 11/3/21BEL looks good for a long trade. All the reasons for the trade have been explained in the video
Shriram transport finance |POSITIONAL TRADE|10/3/21The price is halting at good level once the channel pattern is broken can take a long position.
QUICK HEAL TECH | POSITIONAL TRADE | 10/3/21Quick heal is at really crucial level in chart .If it gives break out the price might shoot up.
Gold DowntrendGold downtrend is illustrated in chart along with Fibonacci retracement levels. Gold has entered in oversold zone as per RSI, may bounce a bit and still continue downtrend
HPCL AnalysisConsidering a retracement on the higher Time Frame, HPCL looks a good swing trade for the coming months.
It can achieve 50% targets in before the next earnings itself. Let's see.
