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Gapresistance

KROSS : IPO Base Breakout Soon#Kross #breakoutstock #breakoutsoon #breakoutcandidate #trendingstock KROSS : IPO Base Breakout Soon >> Good Base formation >> Entry on Closing Above GAP Area >> Good Strength & Volumes Building up >> Trending setup >> High Probability Trade Swing Traders can lock 10% profit & keep trailing Note : In the current Market Scenario even the best of Trading setup's can fail so Trade only Good setup's with proper Risk Management, set of rules for Stop-loss & proper position sizing. Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
KLong
by moneyfesttrading
Nifty AnalysisHistory repeats itself and that is also true for the stock market technical analysis . In fact, much of the technical analysis revolves around historical patterns which repeats themselves time and again. We will discuss one such pattern in this analysis. Friday was a big day. Market opened with a gap and trended on the upside. How often has this happened in the background? I have gone not far back but till October 2021. In the last 1.5years I have looked for a few criteria. Market must be trending down that is, forming lower lows and lower highs. Market must break a minor or major swing high with a huge gap. The gap day must be 1.5% or higher in length and close strong (near the high of the day). I have found that these conditions were met only three times. The first was in May 2022. Market broke a minor structure at A with large gap and closed strong. But it could not follow through and just managed to fill a bearish gap on the left. Although there was a potential double bottom in the left, yet it just retested the breakout level and broke down to new lows. The second such event happened in July 2022 at B. Market broke a larger swing high with same conditions as above and rode vertically up to a previous resistance level . It was hell of a ride without any retest (which lately happed in September 2022). This rare pattern has repeated for the third time on last Friday. All the previous conditions were met. Now the question is that, can this event lead to a reversal or it is just another support bounce from September 2022 lows? I would say that the break of a minor structure point does not necessarily means a change in trend. Perhaps it would be too early to announce trend reversal. However, I do not negate some follow through till the gap zone on the left (17500-600) which will be the first area that may offer strong resistance to the market (as it did at A). Market needs to retest in order to check the strength of buyers and break above 18135 levels (which may take some time) to further clarify its desired direction. Thanks for reading. Do like for more such analysis in the future.
NSE:NIFTY
by Bravetotrade
6
Wipro: Chart set up & viewWipro CMP 347 We observe - Wipro chart has done a gap filling activity - trading above 20 day EMA currently around 338 - 365 important gap resistance level Strategy: Given the chart set up One may Consider selling Wirpo November expiry Call Option Strike Price 360 In the range of 4.6 - 5 (CMP 4.6) Lot size 3200 A 3 day close below 20 day EMA would increase the probability of a fall up to Target 1 The strategy covers risk of rise up to 364.60 on expiry day However I would be cautious if Wipro gives a close above 353 in Equity Market Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Use this for educational purpose - Any decision you take you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:WIPROShort
by indiamarketoutlook
Simple technical view of bank nifty(spot) Bank Nifty(spot) exactly faced resistance at 25232 where 200 day MA and gap resistance area is present, it recently broke the wedge pattern on the upside and mostly just coming back to retest , watchout for 23900 levels where 50% fib retracement level lies , if sustained further upmove is possible. Personal view: Bullish as long as 23900 levels hold. Disclaimer: These are just my personal observations , Please do your own research or consult an advisor before doing any investment or trading. P.S: Constructive criticism is appreciated.
NSE:BANKNIFTY
by saikrishna9999
3