Nifty spot now need a close of 15 mins candle below 18100 levels, good bearish candle needed for confirmation of further down side. its time to wait for confirmation. keep watching,
HDFC bank is looking good for a short , short to medium term swing trade , with small SL just above the candle , need breakdown and price has to sustain below supports of 1670, RR looks good and banknifty looks overheated
Banknifty future intraday setup buy above 43350 levels for targets of 43440/43630 , price has to break above and sustain above the resistance , invalid if theres a fakeout
METROPOLIS healthcare ,a good structure of bottom formation with series of higher lows and breaking out of the bearish trendline showing good strength, looks good to be bought above 1300 levels with SL of 1200(7-8%) but has huge potential on upside if idea goes right
And see what happens after we posted our study nifty gave a fall of 100 points in 30 mins our resistance zone worked very well
Nifty spot cmp 18207 Pre assumption of harmonic butterfly pattern formation. leg C can retrace upto levels of 88.6% but considering the retracement of leg B is equivalent to retracement of leg c, can reverse from 72.2% also. which give supply zone as marked on chart, going ahead any 15 mins candle closing above yesterdays high would lead to bullish upmove, but...
This is an educational-based idea, not a financial suggestion.
EIH Has given breakout, Buying 50% qty at market, and rest will buy at Retest.
Added ARVIND At 94.8 Its a late entry so dropped only 30% trading qty. SL 88
NIFTY Intraday Trade Setup For 4 May 2023 Buy-Above 18117 Sl-18070 T- 18180 18250 Sell-Below 18040 Sl-18090 T- 17945 17855 NIFTY has closed on a slight bearish note with 0.32% cut today. It opened with a slight gap down and sell triggered below 18100. Trade gave more than 50 points gain which was 1:1. It has formed a pin bar in daily charts and closed below...
NIFTY Intraday Trade Setup For 5 May 2023 Buy_1-Above 18270 Sl-18220 T- 18365 18450 Buy-_2- 18165 Sl-18115 T- 18260 18320 NIFTY has closed on a bullish sentiment with 0.92% gain. It was a great day as it was clear cut trending and did not panic at all. Buy triggered as per trade setup today. Trade gave more than 150 points points gain and hit both targets...
it has formed bearish shark harmonic pattern. price may retrace till 0.38%-0.50% of point CD. view negated if close abv 44200
Last trade did not achieve the target neither hit SL and I had to manually close the trade after carrying it for 2 expiries. Nifty is now close to the last target and a bearish trade will have a better risk reward ratio. Hence, I will go short with strict SL as per trade plan on chart. Thank you!
"Good morning, as of May 5th, the global market is showing a slight negative trend, but with a bullish sentiment. We may see a small gap-down at the start, but if the market exceeds yesterday's high, it could signal a continuation of the rally. However, if the gap-down persists and breaks below the 38% Fib level, we can expect a correction."
"Good morning, as of May 5th, the global market is showing a slight negative trend, but with a bullish sentiment. We may see a small gap-down at the start, but if the market exceeds yesterday's high, it could signal a continuation of the rally. However, if the gap-down persists and breaks below the 38% Fib level, we can expect a correction."
"Good morning, as of May 5th, the global market is showing a slight negative trend, but with a bullish sentiment. We may see a small gap-down at the start, but if the market exceeds yesterday's high, it could signal a continuation of the rally. However, if the gap-down persists and breaks below the 38% Fib level, we can expect a correction."
BankNifty bearish Shark, stop loss marked in red, short entry marked in black, targets marked in green
Nifty Bearish Shark Pattern, stop loss marked in red, short entry in black, targets in green