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Swing Buy Opportunity in BajajFinanceGood Buy opportunity in Bajajfinance as per 1:1.5 Risk Reward Ration. The stock has taken support on 200EMA and has given a breakout. Note: This information is for Learning/entertainment purpose only and should not be treated as any trade recommendation. Please do research and consult your advisor prior to taking any actions. If you like this Idea, Please do like my ideas and share it with your friends. To further connect check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:BAJFINANCELong
by rkinspiro1
XAUUSD GOLD TECHNICAL ANALYSIS FOR UPCOMING MARKET EVENTS XAUUSD Technical Analysis Strong support: 1939 / 1914. Strong resistance: 1954 / 1965 Gold is testing sideways range support and several scenarios could develop from here. You have to be prepared for each one. It is forming a triangle pattern. A decline in the dollar will strengthen our gold. The moving averages indicate that consolidation is forming. If there is not a strong pullback upwards, in the medium term we should expect a fall in price along the trend If the dollar goes down and forms a correction, gold will strengthen to 1965 and possibly to 1984, but if the dollar continues to rise after exiting the triangle, gold will start another decline to 1914.
OANDA:XAUUSDLong
by tradewith_ritik
#BANKNIFTY - 21/03/23 MARKET VIEWBased on the current market activity and price action analysis, it appears that BANKNIFTY is exhibiting a strongly bullish trend as of March 21st, 2023. Throughout the day, buyers have been overwhelming the market, indicating a high demand for BANKNIFTY and a positive sentiment among traders. Given this market behavior, there may be a favorable long trade opportunity available within the range of 38950-39150, with a Target price of 39700 and a Stoploss at 38600. However, it is important to note that the decision to enter into any trade should be based on an individual's financial goals, risk tolerance, and investment strategy. Moreover, traders should always exercise caution and implement proper risk management techniques, such as setting stop-loss orders, to minimize potential losses. It is also important to continually monitor market conditions and adjust trading strategies as needed to ensure optimal performance.
NSE:BANKNIFTYLong
by DamisInvestments
Mastering Personal Finance: Key Lessons from Popular Books - 1Personal finance can be a daunting and overwhelming topic for many, but there are a number of books that provide practical and actionable advice on how to achieve financial success. The Simple Path to Wealth by JL Collins, Your Money or Your Life by Vicki Robin and Joe Dominguez, and I Will Teach You to Be Rich by Ramit Sethi, are all excellent resources for those looking to improve their financial situation. Each book provides unique insights and strategies for achieving financial independence, saving and investing, and living below your means. In this article, we will summarize the key lessons from each book and provide insights on how to apply them to your own financial journey.
NSE:NIFTY1!
by rishurishab66
A Comprehensive Guide to Descending Triangle.NSE:AMBUJACEM A reliable bearish trend continuation pattern is known as Descending Triangle. This post will cover these questions: 1. What is Descending pattern? 2. How to identify Descending Triangle? 3. Pre-requisite of pattern formation. 4. Trading Tactics. 1.What is Descending pattern? #The descending triangle is a bearish formation that usually forms a continuation pattern during a downtrend. #Descending triangles also sometimes function as reversal patterns at the end of an up trend, but typically they are continuation patterns. #Descending triangles are bearish in nature. The descending triangle pattern here indicates that the buyers are not as aggressive as the sellers, so the price continues to generate lower highs. This shows that the demand for related security is falling. 2. How to identify Descending Triangle? (a.) Drawing trendlines. The bottom horizontal line (support line) is formed by two or more almost equal price lows, while the descending trend line (resistance line) is formed by two or more declining highs. (b.) what are Base and apex? -The base is the vertical line drawn from the flat support trendline to the starting point (Resistance line) of the descending trend. -The point at which both converging lines meet is called the apex point. -The breakout should happen around 2/3 size of the whole pattern. 3. Pre-requisite of pattern formation. (a.) Existence of prior trend. It is very important to identify the previous trend, an established prior trend should exist cause it's a continuation pattern. look for the pattern in a downtrend with a forecast of breakdown from the horizontal line. (b.)Volume pattern While the pattern is forming the volume diminishes. volume declines as the pattern develop and the price swings back and forth between an increasingly narrow range of lower highs and similar lows. However, there is a noticeable expansion in volume when the downside break occurs. (c.) Retracement Moves. The chances of a retracement move are very less in this pattern. After the breakout the price can move again towards the breakdown zone to test the validity of the breakout, on breakout the support is broken and when the price retraces the support becomes resistance and the price start moving in the breakout direction. 4. Trading Tactics. The entry will be below the support level and use protective stop loss above important resistance level, or it can be above 50% of pattern range. Minimum Take profit is the projected Base Line. Use position sizing according to your stoploss level. Like this idea if you find it useful and please share with your friends. Keep learning, Happy trading. Thankyou.
NSE:AMBUJACEMEducation
by SANJAYPATIDAR_
4
Finance Nifty Daily Levels Update For Option Day Trading Support Zones For Finnifty Intraday Trading  First Support Zone For Nifty Financial Services  –     18535 – 18555 Second Support Zone For Nifty Financial Services  – 18423 – 18433 Third Support Zone For Nifty Financial Services  –  18304  – 18315 Fourth Support Zone For Nifty Financial Services  –  18240 – 18252 Resistance  Zones For Finnifty Intraday Trading First Resistance Zone For Nifty Financial Services –          18642 – 18625 Second Resistance Zone For  Nifty Financial Services –      18707 -18700 Third Resistance Zone For Nifty Finacial Servises  -          18830 -18815
NSE:CNXFINANCE
by manojshinde27
4
Finance Nifty Daily Levels Update For Option Day Trading Support and Resistance Levels for Nifty Financial Services with Confirm Targets Support Zones For Finnifty Intraday Trading  First Support Zone For Nifty Financial Services  –     18422 – 18432 Second Support Zone For Nifty Financial Services  – 18304  – 18315 Third Support Zone For Nifty Financial Services  –   18240 – 18252 Fourth Support Zone For Nifty Financial Services  –   18137 – 18152 Resistance  Zones For Finnifty Intraday Trading First Resistance Zone For Nifty Financial Services –           18553 – 18535 Second Resistance Zone For  Nifty Financial Services –      18642 – 18625 Third Resistance Zone For Nifty Finacial Servises  -            18707 -18700 Fourth  Resistance Zone For Nifty Finacial Servises  -            18830 -18815
NSE:CNXFINANCEShort
by manojshinde27