RESISTANCE BROKEN IN SHARDAMOTRDisclaimer: Always take trades based on your own risk appetites. And always enter SL first.
Points to note:
1. An important zone of 800-810 tested repeatedly, getting rejected every time
2. Level finally been broken with the help of strong volume upsurge.
3. A good rounded base formation
A Long trade can be initiated as follows:
Entry above 839
SL 763.1
Targets 948.9
Thank you.
Head_and_shoulder
LUMAXTECH - Bullish H&S pattern - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Hdfc Life will you sell it ?NSE: APOLLOHOSP
If Breaks Then The Targets could be Taken at 474
Time Frame :- 1 Day
PAtterns Name :- Head and Shoulders
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Based on Your Own Risk this is only to Show you the Current Pattern
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Hindustan UnileverThis stock has given good breakout from cup-n-handle chart pattern on hourly and inverted head and shoulder chart pattern on daily, along with good intensity of volume.
As per previous price actions support and resistances areas & depth of cup pattern and also depth of head pattern, all are co-incidentally matching with trend based fib extension target levels up to 2750-2900.
One can go long at current levels or in dips (yes possible)
On the way down 20DMA and RK's stop line can provide good support now, which are pegged near 2278 - 2280 areas.
Inverted head and shoulder chart pattern breakout on daily chart
price action scenario along with Fibonacci extension levels
Breakout with good intensity of Volume
Cup n handle pattern breakout on weekly RSI
cup-n-handle chart pattern breakout on hourly chart
Price support resistance areas and trend based fib extension levels
RSI double breakout on daily chart and now above 60 & 70 levels.
RSI double Breakout on weekly chart and now above 60 levels.
MACD in weekly positive and now above zero line.
MACD in daily chart positive and now above zero line.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
HINDUSTAN UNILEVER - Breakout of Head & Shoulder - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Big Fall in CrudeOilThe markets are falling down because of increased fear of recession. Recession affects everything, be it stocks or commodities like CRUDEOIL, NATURALGAS, SILVER, GOLD etc.
Energy sector fell drastically yesterday. Crude Oil fell about 11% whereas Natural Gas fell about 6%.
Crude Oil has a strong supply zone around 9300 according to the monthly timeframe from where it fell down.
In last month it tried to break the supply zone but it failed. It is clearly visible on weekly timeframe that it couldn't break the supply zone.
On the Daily timeframe we can see the formation of Head and Shoulder pattern from which it has broken down the neckline yesterday. Right shoulder was made from the strong resistance at 8850 from where it got rejected twice.
It is also forming a downward moving channel.
On 4 hour timeframe it has broken down the support with good amount of volume.
Today it is moving in lower part of the channel and I think the closing of the candle will be below 8100.
The MACD and RSI have turned bearish on multiple time frames. If the price of USOIL sustains below $100, we can see further down move in the coming weeks or months.
Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
#GBP AUD # SELL IDEA..Hey M, I am looking to sell GBPAUD below 1.76000 and expecting continuation to the 1.75000 based on fundamental and technical confluence price broke major resistance and tuned to rejection to support and supply creation to continuation of bearish momentum with head and shoulder confirmation thanks.
Dual breakdown in Brent !!!After huge rally it seems that UKOIL which was stuck in range where
distribution took place, can break the range down.
This rally was indicated by me when Brent was 94, have a look:
But, now it looks like the rally is over and it could start stepping down.
Also, it has given a breakdown from head & shoulder pattern and
along with this UKOIL has also broke the previous trendline support.
A closing below 97 can bring a steep fall in Brent but aggressive traders can
initiate short here also.
ITC [ HEAD AND SHOULDER ]HEAD AND SHOULDER
START BEARISH mode ... zone ...created get signal like head and shoulder so my side by step by step short ........ trg opens
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Disclosure : I am not Sebi-registered. This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our calls please consult your financial advisors. Thanks
Infosys on a technical boomNSE: INFY
If Breaks Then The Targets could be Taken at 1520
Time Frame :- 1 Hour
Patterns Name :- Infysos
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Based on Your Own Risk this is only to Show you the Current Pattern
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Aplltd should you pick it NSE: APLLTD
If Breaks Then The Targets could be Taken at 686
Time Frame :- 1 Hour
Patterns Name :- Head and Shoulders
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
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India mart Sell it at hereNSE: INDIAMART
If Breaks Then The Targets could be Taken at 3409
Time Frame :- 1 Day
Patterns Name :- Inverse Head and shoulder
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
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S&P 500 INDEX S&P, After impulse move in 1-2-3-4-5 waves on weekly chart, now we have witnessed entire fall as a leading diagonal as a wave A, and now we are in wave B, possibly it can retrace up to 38.2% of wave A entire fall, or maximum up to high of wave 4 in wave A, these levels are pegged near 4050 and 4177, all other parameters are supporting same bias to go long, which are shared below as a snap shots.
Here is a trigger point to go long. RK's mass psychological cloud buy activated, along with support of RK's stop line, and also RK's momentum Buy activated.
Overall wave structure on Weekly chart
Current fall was in leading diagonal
may be retrace upto 38.2% or wave 4 high of recent fall
reversal chart pattern head and shoulder on hourly chart
Breakout with good intensity of Volume in hourly chart
macd positive in hourly above zero line
macd uptick and ready to cross positive in daily chart
Bullish Divergence
rsi uptick in daily chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Nifty 501.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 15720 .. if we can see the price action for buying side and exit at the target price
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. see the price action then crossed 15533 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
MAHINDRA & MAHINDRA - Great opportunity - Swing Trade/InvestmentThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
For broader view - see this image
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
1 Day up 1 Day down | Trade Planning for such type of Market Nifty - 15380 breakdown - back to the sideways box ( Future Shoulder of Head and Shoulders )
BankNifty - 32750 breakdown - back to the sideways box ( Future Shoulder of Head and Shoulders )
Crude oil breakdown on D Time frame - Good sign to trade auto sector as a hedge for long trades with price action
TATA CONSUMER HEAD AND SHOULDER PATTERNHello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied...
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Hustle hard ✅