Gann
NMDC MULTIYEAR BREAKOUTNMDC gave breakout from upflag on 25th JAN, however the volumes were not so convincing and there was a previous support near 227 price level, on 2 FEB it gave breakout from that level with convincing volumes.
EMA 5>13>26
It's a buy call since 5th of FEB,
Target 325
SL 217
CMP 244
Only for educational purposes. Do not trade!!
HDFC Bank - Weekly chart
in the weekly chart HDFC Bank is trading above 200 SMA, so patience is required for just two days till the closure of this week; and if price closes above it, nothing to worry for the next week. Upwards movement will begin then and a solid movement will begin from 18th February 2024. Till then, please wait.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
HDFC Bank - Update
Today is RBI Repo policy day supposed to start at 10. Such events create unnecessary hype in the minds of retailers. We do not have to get tempted because of that. Remember only one thing that big fish require liquidity means a lot of shares at lowest possible price and then take price up to be sold again at higher prices. There are three phases as per Wycoff. (1) Accumulation - Trend and Distribution. HDFC is at accumulation stage. Here from, real upward movement has to start. Save your money have patience, a lot of money is going to accrue in the time to come. New rally is just at the beginning in many stocks.
Now, Drawn is a line at 1419.25 at the low of 25th January 2024. Today, we have to wait and check that this is not broken and if broken regained again after retracement then only buy for upwards movement.
I will keep you posted during market hours.
Just on the technical aspect HDFC Bank is trading above 200 SMA in Weekly Time Frame.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
NIFTY 50 WEEKLY EXPIRY GANN LEVEL CHART 07 FEB 2024Nifty index is in double minds after double tops. We watch the last growth phase and see the current vibration within the growth phase. 50% is the trend setting level in the range. Last gap is filled with high of 21697.45 close on 01 Feb 2024 at 15:00. Low on 05 Feb 2024 at 15.00 is 21726.95 which was the level to buy for atleast a lower high. As per vibration theory the backtest was at Price Death Zone and price has fallen from there today.
Now we are back the cluster support zone with lower support at 50%. Above 50% momentum on downside will not work. So swift in your trading to catch the falls in the zone above 50% level.
Use th elevels prudently to make profitable trades. Keep coming here for more clues.
Happy Trading !!!
Natural Gas - Update
Catch Natural Gas at the low of 52 weeks as shown by the red waves.
Next Time candles have been provided on the chart itself.
Disclaimer: I am not a registered Analyst with any of the National/ International Agency. Please consult your financial advisor before making any decision.
BANK NIFTY EXPIRY GANN LEVEL CHART 06 FEB 2024..Index is consolidating around the level of 45500 after the 50% hit seen on chart. 25% level at 45480.85 which is to be watched on downside. Above it we have a cluster of 33% and 37.5% seen on chart. Level of 45817.45 to be watch on upside for breakout. Use the range for trading in between both levels.
Happy Trading !!!
N.B. Not a Trading Advice. With usual disclaimers as applicable on this beautiful trading platform.
Natural Gas - update
You can vouch that natural gas price is taking support at low of 5th February 2024 till now and today's next candles are
2-6-24 7:38 PM
2-7-24 12:04 AM
Check my indicator it is extending trend line from low of 5th and 6th February 2024, but these are two candles only and vulnerable once tomorrow's candle is make and low of that candle is not broken, the trend line will get affixed and long term upward movement will be assured.
Natural Gas and other Indian Stocks
Please do not short Natural Gas and Indian Stocks like UPL, Rajesh Exports, lux Industries, PEL etc.
Watch the lows of these stocks on 5th February 2024, these will not be broken, but recovery may be very fast or market may remain very slow to bring moving averages down. Be patient, please use EMA 144 in 1 hr chart. I will share individual details of these stocks in a little while, may be during market. Resist from shorting, exit all your short positions and be long to double your money from here.
Patience is required.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Bitcoin Inverted Head & Shoulder Pattern #Bitcoin Inverse H&S Spotted
▪️ CRYPTOCAP:BTC Inverted H&S potential building
▪️ Clear breakout level to watch
▪️ Attractive upside targets if triggered
▪️ No confirmation yet, so caution is still advised
While traders are buzzing about a potential inverted head and shoulders forming on the BTC charts, caution is still warranted until we get CONFIRMATION.
The breakout point to watch is $43,700 - only a decisive 4 Hour CLOSE above that level would trigger the bullish pattern targeting:
▫️ 1st Target: $47,090
▫️ 2nd Target: $49,225
CRUCIAL: Below the neckline at $43700 Bitcoin remains Bearish territory.
Disciplined traders will await a confirmed breakout before getting too bullish here!
Patience pays with chart patterns.
Bank Nifty Ready for Dump After Small Pump?#BankNifty PM Election View:
2019 PM Election of India:
- Bank Nifty 29% Pump from Parallar Channel Support.
- -50% Dump from Parallel Channel Resistance After PM Election.
2024 PM Election of India:
- Bank Nifty Can Pump 20% from Parallel Channel Support
- After We can See -40% dump from Parallel Channel Resistance
#Breakout #StockMarket
All Bank in a single Screen: Time Frame 15 minFor your reference to understand all chart in a single layout in trading view.
Time Frame: 15 min
HDFC: Trendline breakout at support zone and try to retrace for up move.
ICICI: Trendline breakout and try to retrace for up move but at support zone.(Neutral)
AXIS: Price at support zone (Neutral)
KOTAK: Price follow downtrend .1831 is a support resistance now.(Down trend)
INDUSIN: Price consolidating . Overall side base .(Neutral)
SBI: Price is in range between 637-652. Overall side base .(Neutral)
NOTE: When all bank perform then who is the exception can also perform with overall trend.
NIFTY MID SELECT HOURLY GANN LEVELS FOR 05 FEB 2024 EXPIRYWe have consider the swing bottom to rise therafter as our range for analysis. We see an 12.5% extension resistance on the chart. The level of 10793.50 is important and needs to be crossed for further gains on the index. Below level of 10724.95 is important for trend setting on expiry day. Use this level as your trading bias for expiry.
Happy Trading !!!
Rossari Biotech - Stock ready to fly
No comment about fundamentals, purlty technical. Stock ready to fly, but trade carefully. in the week to come targets may be very big but targets for tommorow have been provided on the chart.
Disclaimer: I am not a SEBI Registrered Analyst, please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. This is only for educational purpose; no recommendation.
Divis Lab
Sell below and targets 3665 3635 3605 3575 3545
Buy above and targets 3673 3680 3695 3726 3756 3787
Time candle for tomorrow 2-5-24 12:35 PM (Pivotal)
I am not a SEBI registered analyst. Please consult your financial advisor before making any decision. This is only for educational purposes.