Bullish Bat Harmonic completed on daily TF.
Potential Targets marked based on Fib retracement.
Security is still in the bearish zone, trading below 20 EMA.
Potential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern. Also, potential targets on the CD retracement are marked with fib retracement plot.
Security is in a bearish trend as 20 EMA is trailing below 50 & 100 EMA on daily TF.
Potential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern.
Also, potential targets on the CD retracement are marked with fib retracement plot.
Potential Bullish AB=CD harmonic pattern.
Resistance marked basis on current swings fib retracement. Supports marked on the basis of Fib extensions.
If 1538 is broken, next support will be 1493.
Bullish gartley pattern completed on daily TF. Potential targets on reversal marked with Fib retracement of CD leg.
Also, a major demand zone is present at reversal levels. Stochastic RSI and RSI 14 indicate reversal too.
Sharp rejection from a retracement of 0.382 of the previous swing.
It tested the trendline multiple times.
Currently in the demand zone, if that is broken, we can see more downside—targets in the chart.
Positionally BNF is still bearish
For intraday watch out for key levels for support and resistance
After an impulse movement, a corrective wave has started. The view will only be bullish after closing above 42016
BANKNIFTY Intraday Trade Setup For 02 Mar 2023
Buy-Above 40730
Sl-40620
T- 40925 41120
Sell-Below 40510
Sl-40620
T- 40260 40075
BANKNIFTY has closed on a bullish sentiment with more than 1% gain today. Buy triggered above 40400 and hit all the targets slowly and steadily. Trade gave more than 300 points gain which was almost 1:3. However momentum was pathetic...
NIFTY Intraday Trade Setup For 02 Mar 2023
Buy-Above 17470
Sl-17420
T-17550 17630
Sell-Below 17390
Sl-17440
T-17300 17225
NIFTY has closed on a bullish sentiment with 0.85% gain today. after 9 consecutive red candle today is the first day it ended on a positive note. Last day it was mentioned that we are somewhere near a short term bottom. It has closed above...
you can sell on breakout or you can buy at support depend on the candle
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
L&T has formed Head and Shoulder Pattern on daily chart.
Entry
We can go short if price breakdowns below the neckline with strong bearish candle.
Target
We can keep target near the next support zone as marked on chart.
Stoploss
We can keep stoploss above the neckline.
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"The global market is indicating a neutral start. Its nature is structurally moderately bearish, so it may start with a gap-down. If the market experiences a sharp decline, we can expect a correctional wave. Alternatively, if the initial market experiences a pullback, we can expect pullback continuation with minor consolidation."
"The global market is indicating a neutral start. Its nature is structurally moderately bearish, so it may start with a gap-down. If the market experiences a sharp decline, we can expect a correctional wave that may reach a minimum of 78%. Alternatively, if the initial market experiences a pullback, we can expect pullback continuation with minor consolidation."
"The global market is indicating a neutral start. Its nature is structurally moderately bearish, so it may start with a gap-down. If the market experiences a sharp decline, we can expect a correctional wave that may reach a minimum of 78%. Alternatively, if the initial market experiences a pullback, we can expect pullback continuation with minor consolidation."
