Black Friday saleUp to 70% OFF

FLAG

Bank nifty1.global sentiment are confuse for me 2. war was not end (Chart shows a lower lows and pattern formation ) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33482.. if we can see the price action for buying side and exit at the target price 33618 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down wait For close the 5 min or 15 min candle the crossed 33000 buy and wait for the target Weekly high and low should be mark Total Oi base call side 4,19,077 compare to put side 3,52,723 OI **(Friday So call atm to 500 points itm contracts 65,595 oi Put atm to 500 points itm contracts 39,402 oi atm options added 33500 strike price Note . this just prediction. market can happen anything
NSE:BANKNIFTY
by tarunkumar1996
Nifty 50global sentiment are confuse for me 2. war was not end Observe the trend lines (16000)Fib 50 % reversal level for down side (Chart shows halt and flag pattern ) 1.IF Tomorrow gap up 15 min candle if break the resistance 15917 .. if we can see the price action for buying side and exit at the target price no Trail as per your rules 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down wait For close the 5 min or 15 min candle the crossed 15714 buy and target price no Trail as per your rules 15624 **(Friday Total Oi base call side 6,61,203 compare to put side 6,84,087 OI So call atm to 500 points itm contracts 1,00,992 oi Put atm to 500 points itm contracts 87,151 oi)** put options purchased itm 16700 strike price 11,773 oi every 50 points straddles are created Option chain shows bullish Note . this just prediction. market can happen anything
NSE:NIFTYLong
by tarunkumar1996
banknifty 1.global sentiment weekly positive 2. war was not end (Chart shows a breakout ) (small Up Trend ) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33776 .. if we can see the price action for buying side and exit at the target price 34339 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down cross wait For close the 5 min or 15 min candle the crossed 33389 buy and wait for the target Weekly high and low should be mark when 1st time hit resistance and halt for 1 day or 4 to 5 hour may change the trend .. Monday may gap up it may have chance to up side Possibility my have on up side (up to previous week swing high) Note . this just prediction. market can happen anything
NSE:BANKNIFTY
by tarunkumar1996
Bearish Flag PatternBearish Flag Pattern Forming In NIFTY50 A bear flag is a technical pattern that provides an extension/continuation to an existing downward trend. The bear flag formation is underlined from an initial strong directional move down, followed by a consolidation channel in an upwards direction (see image below). The strong move down is known as the ‘flagpole’ whilst the consolidation is referred to as the ‘flag’ itself. Bear flag formation summary Preceding downtrend (flag pole) Identify upward sloping consolidation (bear flag) If the retracement becomes higher than 50%, it may not be a flag pattern. Ideally, we’ll see the retracement be less than 38% Enter at top of the flag or on a breakout below the low of the lower channel Look for prices to break lower with a length equal to the size of the flag pole
NSE:NIFTYShort
by prajwalasp
Banknifty1. global sentiment negative 2. war was not end (Chart Shows Bear Flag ) (2 days Consolidation ) 1.IF Tomorrow gap up 15 min candle should be green or if touches support .. if we can see the price action for buying side and buy the CE and exit at the target price 2.If Open in flat wait for the range break Up side or downside the take the trade 3.if gap down cross 32324.50 wait For close the 5 min or 15 min candle the crossed 32324.50 buy the Pe and wait for the target But as per logic . every time reversal it will take consolidation 60% win rate for up check the previous data dates 17 march 2022 dates 13 may 2022 Note . this just prediction. market can happen anything
NSE:BANKNIFTY
by tarunkumar1996
Nifty 50Rules 1. global sentiment negative 2. war was not end (Chart Shows Bear Flag) (2 days Consolidation ) 1.IF Tomorrow gap up 15 min candle should be green or if touches support .. if we can see the price action for buying side and buy the CE and exit at the target price 2.If Open in flat wait for the range break Up side or downside the take the trade 3.if gap down cross 15183.00 wait For close the 5 min or 15 min candle the crossed 15183 buy the Pe and wait for the target But as per logic . every time reversal it will take consolidation 60% win rate for up check the previous data dates 17 march 2022 dates 13 may 2022 Note . this just prediction. market can happen anything
NSE:NIFTY
by tarunkumar1996
YES BANK - 2 choices YES BANK - 2 choices 1. Now in a flag pattern 2. If it breaks and opens and closes above the 12.9 means short-term target will be 13.5 3. If it breaks the flag pattern down-ward means it has support at 12.5 and 12.20. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:YESBANK
by ravi15684
'CONTINUE' trading with 'CONTINUATION' pattern !!!!Market can be either in trending phase or in a range-bound phase. No trend generally lasts forever in the market. After prolonged or medium or shorter duration up and downtrend, the market often reverses and a move starts in the opposite direction of the prior move. Often we find that well defined geometrical patterns are formed in the chart which provides good indication of price reversals. These patterns are called reversal classical chart patterns. When they are formed as a bullish reversal pattern they are said to be part of accumulation. On the other hand if they are formed at the top of a price move just before bearish reversal, then they are part of distribution. However, a geometrically shaped consolidation does not necessarily mean price reversal. Often price resumes the erstwhile trend post the consolidation move. These are called continuation classical chart pattern. We will discuss about few of the classical chart patterns in the following tutorial. -> Triangles -: Triangles are one of the most well-known chart patterns used in technical analysis. The three most common types of triangles, which vary in construction and implications, are Symmetrical Triangle, Ascending Triangle and Descending Triangle. These chart patterns are considered to last anywhere from a couple of weeks to several months. These are areas of consolidations after a trending move and are generally continuation patterns, i.e. the erstwhile trends resumes after the breakout. However, in certain cases they act as reversal patterns. They can appear both in up-trend and down-trend. -Symmetrical Triangle -: This kind of triangle is formed when the price of the script consolidate in range which is getting narrower with the time, i.e. the sequence of lower highs and higher lows. -Ascending Triangle -: This kind of triangle is formed when the price of the script consolidate in range which lower bound is getting higher with a stiff upper bound, i.e. the sequence of higher lows but almost equal highs. -Descending Triangle -: This kind of triangle is formed when the price of the script consolidate in range which higher bound is getting lower with a stiff bottom bound, i.e. the sequence of lower highs but almost equal lows , it is juxtapose of ascending triangle. -> Flags & Pennants -: These two short-term chart patterns are continuation patterns that are formed when there is a sharp price movement followed by a generally sideways price movement. The patterns are generally thought to last from one to three weeks . They can appear both in up-trend and down-trend. Flag : Pennant: -> Rectangles -: Often there will be pauses in a trend in which the price action moves sideways, bound between parallel support and resistance lines. Rectangles, also known as trading ranges, can last for short periods or many years. This pattern is very common and can be seen often intra-day, as well as on longer-term time frames. ->Mechanism of Continuation Patterns -: Continuation patterns provide some logic to the price action. By knowing the patterns, a trader can create a trading plan to take advantage of common patterns. The patterns present trading opportunities that may not be seen using other methods. Unfortunately, simply because the pattern is called a "continuation pattern" does not mean it is always reliable. A pattern may appear during a trend, but a trend reversal may still occur. It is also quite possible that, once we have drawn the pattern on our charts, the bounds may be slightly penetrated, but a full breakout does not occur. This is called a false breakout and could occur multiple times before the pattern is actually broken and a continuation or a reversal occurs. Rectangles, due to their popularity and easy visibility, are highly susceptible to false breakouts. Patterns can also be subjective, as what one trader sees is not what another trader sees, or how another trader would draw or define the pattern in real time. This is not necessarily a bad thing, as it can provide traders with a unique perspective on the market. It will require time and practice for the trader to develop his or her skill in finding patterns, drawing them and formulating a plan on how to use them. My Observation -: These geometrical patterns are formed after a trend in that particular stock, it generally resumes the previous trend after being out of the pattern but some times it reverses the previous trend hence, it is advised to wait for the conformation to play the pattern. In the next publication I'll try to elaborately explain continuation patterns like - head & shoulder, double top & bottom, wedge; Till then, #Enjoy_trading
NSE:NIFTYEducation
by Chaser30
4
EURUSD’s bear flag hints at further fall in pricesAlthough the weekly channel restricts EURUSD moves while other major currency pairs portray heavy selling against the USD, the bearish flag formation joins downbeat MACD and RSI signals to keep sellers hopeful. Additionally favoring the pair bears is the sustained trading below a descending trend line from March, as well as the 200-SMA and a six-week-old horizontal resistance. However, the south-run needs a trigger and 1.0500 is the same to activate a theoretical slump targeting the 1.0000 psychological magnet. Though, lows marked during 2017 and mid-1999, respectively around 1.0340 and 1.0100, may act as intermediate halts during the anticipated fall. Alternatively, the upper line of mentioned flag, around 1.0650, acts as an immediate upside barrier during the corrective pullback. Following that, the previously stated descending resistance line and the 200-SMA, near 1.0730 and 1.0810 in that order, will act as additional barriers for the EURUSD bulls. It’s worth noting that the pair bears remain hopeful until the quote rallies beyond the multi-day-old horizontal hurdle surrounding 1.0950. To sum up, the EURUSD pair’s hesitance in declining isn’t an early sign of recovery in prices.
Short
by MTradingGlobal
Gold Price Predictions for 2022In the previous trading session, MCX Gold made a high of 51538 and closed at 51343 ( +444 ). A question is, is it moving upward? To identify uptrend: There are two hurdles to continuing the uptrend. It should break out the 5th May high or settle above the control line. According to the above chart, Gold is forming a bullish flag pattern. And we're waiting for a breakout of the flag pattern. This breakout will skyrocket the gold price, and we can see 6400+ points of bullish movement here. Long-term target for gold 58000 - 60000 . Gold downtrend confirmation: But if gold breaks the support trendline (invalidation), then a downtrend may start. And if it happens, I will update you asap. At present, intraday traders can keep buying for targets of 51500 - 51800+ levels. Watch significant releases or events that may affect the movement of gold, silver, and crude oil. Monday, May 09, 2022 04:30 FOMC Member Bostic Speaks - Medium Impact 11:00 Investing.com Gold Index - Medium Impact 18:15 FOMC Member Bostic Speaks - Medium Impact Tuesday, May 10, 2022 17:10 FOMC Member Williams Speaks - Medium Impact 18:00 FOMC Member Bostic Speaks - Medium Impact 21:30 EIA Short-Term Energy Outlook - High Impact Wednesday, May 11, 2022 00:30 FOMC Member Mester Speaks - Medium Impact 02:00 API Weekly Crude Oil Stock - Medium Impact 04:30 FOMC Member Bostic Speaks - Medium Impact 18:00 Core CPI (MoM) (Apr) - Medium Impact 20:00 Crude Oil Inventories - High Impact 22:31 10-Year Note Auction - Low Impact 23:30 Federal Budget Balance (Apr) - Low Impact Thursday, May 12, 2022 10:30 Natural Gas Storage - Low Impact 13:30 IEA Monthly Report - Medium Impact Friday, May 13, 2022 08:30 Import/Export Price Index (MoM) - Low Impact 11:00 FOMC Member Kashkari - Medium Impact 12:00 FOMC Member Mester Speaks - Medium Impact 13:00 U.S. Baker Hughes Oil Rig Count - Medium Impact
MCX:GOLD1!Long
by forextidings
5
NHPC - FLAG BREAKOUTNHPC --HOURLY CHART - FLAG BREAKOUT 1. On Hourly chart resistance breakout seen around 33.70 level 2. flag Pattern as well as trend line breakout seen at 33.40 level 3. Stock has strong support around 32.75 level where bounce back seen after recent fall 4. stock cmp 33.90 near term resistance around 34.30 candle close above this level target 35-37 can seen as short term ( 1 month ) 5. wave trend turn positive bullish . 6. RSI daily seen bullish at 62 level 7. MACD above center and signal line at daily chart. BUY NHPC @ 33.90 Target 35-37+ Stop Loss 31.75 @@ THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk. HAPPY TRADING. !!
NSE:NHPCLong
by champtrade111
Flag and Pole Pattern Spotted in ICE MAKE Favorable Risk:RewardNice and Clean Flag and Pole pattern Spotted in ICE MAKE REFRIGERATOR LTD. At first I didn't thought that this pattern will gonna work but when i put weekly Time frame then i saw a Major Resistance From December 2020 which was about to be broken if this pattern work Nicely. As you can see market was in Almost sideways for almost 18 Months and since then it didn't do any good to Investor and now we can see lots of confirmation Align at the same side which tell us to go LONG . You can Hold till 150-160 Level . If you have Any question about this you can comment Below, i will happily like to answer them.
NSE:ICEMAKELong
by Notorious_Trader