BEL has given Breakout from head & shoulder pattern on hourly TFBEL has given Breakout from head & shoulder pattern on hourly time frame. It may retest & move towards its target of Heads & Shoulder target.
Hourly
Reliance is at breakout of Cup & handle pattern on hourly TFReliance Industries is at breakout from Cup & handle pattern on hourly time frame. This resistance zone is tested many times, so its strong resistance. Waiting for breakout ....
Keep this on your radar...
BNF profit booking!***Disclaimer-- please trade at your own risk** for educational purpose only***
1. Looking weak on daily
2. narrow range expiry on 11th Feb 36000 - 35580, volatile! expected profit booking but support was strong 35550 zone
3. Expecting have some profit booking 34850 range, bnf breakdown 35600 and hold for 10-15 mins it should be a good shorting opportunity
4. Target T1 - 35350, T2 - 34950, T3 - 34850 (if it's a heavy profit booking)
5. RSI 1hr taking resistance @50, daily @72 could support @70 if sideways else 60 would be the next support (if heavy profit booking)
6. if its a positive day by any chance, T1 - 36000, T2 - 36330
Nifty 50 Flag pattern?1. if Nifty opens flat to negative, good for short in the range of flag
2. 15175 shorting position, 15000 -15060 could be the target range
3. RSI 15mins, 30mins, and 1hr @60 taking resistance, daily @70 - a combination that could repeat one in a while I believe
4. BNF looking week that could possibly help the shorting easy.
5. price structure in F/Flag pattern a trending structure
IOC to break below 74Indian Oil Corp. To break before 74. It has a strong support at 74.40 and if it breaks, it would have successfully broken the support after multiple tries.
Sell below 74. Target at 70. Stop loss at 76.
NSE:IOC
ITC VERY STRONG RESISTSANCE at 174.70Honestly, if there was an ever an example to use to teach someone resistance, it's this. Reverses from the trend line every chance it gets.
Imagine the psychology of a trader if it breaks the barrier.
Buy above 175 with an open target. It will move! NSE:ITC
Weakness on hourly charts! Exide industries is breaking down further from here.
162 is a strong resistance. Breaking from here could lead to a fall of upto 152.
Trigger shorts @ 161. Target@ 152. SL@165
forming Channel with Support and Resisitance Level (Hourly)ULTRATECH cement: cmp 3782
Tgt 3950+
SL 3650-3600
RSI showing NEGATIVE DIVERGENC.E after breakout, Huge upside possible, make sure Volume also has to be HIGH after this.
BUY ABOVE 165 FOR A POSSIBLE TARGET OF 210++(Weekly Triangular breakout) with the support line breakout in Hourly chart,good volume
BTCUSD multi time frame analysis. possible uptrend in 1hr chart.BTCUSD as formed double top and triangle pattern on daily chart and small triangle in 1hr chart. It as broken triangle pattern in 1hr chart and expecting upmove for short term. Please zoom if you if the 1hr triangle is invisible .
MINDTREE 1 hr analysis. Possible downtrendHello Trader, Here is the full analysis of mindtree:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley and strong resistance one can look for short.
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Hello Trader, Here is the full analysis of MINDTREE:
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley one can look for short.
How can you support me:
1) Like my idea.
2) Follow me for more analysis
3) I will Opening Telegram and instagram channels soon.
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
CADSGD 1 hr analysis. Possible up move.Hello Trader, Here is the full analysis of CADSGD :
1) On 1hr chart we can see it as formed crab pattern and possible up move expected.
2) There is a strong support at 1.02655. Watch out these levels before taking a intraday long call.
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Hello Trader, Here is the full analysis of AUDHKD:
1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of crab one can look for short.
Technical Indicators
EM200 - above 200 ema
RSI (14) - 66
ATR - high volatility
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AUDHKD pattern analysis. Possible down move.Hello Trader, Here is the full analysis of AUDHKD:
1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of crab one can look for short.
Technical Indicators
EM200 - above 200 ema
RSI (14) - 66
ATR - high volatility
How can you support me:
1) Like my idea.
2) Follow me for more analysis
3) I will Opening Telegram and instagram channels soon.
Feedback:
Please share your feedback in comments and this will help me to improve my drawing and analysis
EURCZK pattern analysis. Possible up moveHello Trader, Here is the full analysis of EURCZK:
1) On 1hr chart we can see it as formed Crab pattern and possible reversal expected.
2) Price is moving toward strong support zone and can test this zone for up move and if it respects then on basis of crab one can look for buy.
How can you support me:
1) Like my idea.
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3) I will Opening Telegram and instagram channels soon.
Feedback:
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USDZAR shark pattern in 1hr chart. Possible downsideIt is seen USDZAR as formed shark pattern in 1 hr chart and expecting it to move down to test the support
GAP TO TRADE ?200 EMA HOURLY RESISTANCE.
IF NIFTY ENTERS THE GAP IT WILL FILL THE GAP WITH RESISTANCE AT 11020.
IT WILL A SIMPLE TRADE.
VIEW ON NIFTY MIGHT BE LONG IF HEALTHY BREAKOUT GIVEN OF 200 EMA.
Nifty at interesting junction Hourly ChartI've observed that Nifty gave breakout of Head & Shoulder pattern suggesting the trend reversal, however another up sloping parallel channel is in force which can support and try to arrest the down more here. Interestingly it is at the same level of last swing low therefore confluence of these may work and give strength. We can see good tussle tomorrow and let's see which prevails. Another possibility is to get the channel support and retest the H&S pattern Neckline before resuming the down move.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
NIFTY HOURLY CHART - Bears got some powerCharts looks weak. Bearish trend might continue. All eyes on 9700. Lets hope for the best
