Ichimokukinkohyo
Shriram Transport FinanceIt has reversed from Weekly support levels and is now consolidating between 1030-1000. It could go on to test daily kumo resistance at 1060 and Weekly Kijun resitance near 1100 provided it does not breach and sustain below 1000.
Strong Ichimoku setup - Mid TermThe stock had a Tenkan Sen/Kijun Sen crossover recently on May 18th.
Chikou span is in open space. With both Tenkan Sen, Kijun Sen, as well as Future Kumu, rising.
It was stuck inside Kumo on weekly chart but had a breakout today closing about 92 pips above the weekly Kumo.
Chikou on the weekly chart is in open space too but may hit the price bars soon if it doesn't break above 499.
I am taking this as a bullish opportunity for mid-term.
NZDUSD - A Double PossibilityI think NZDUSD is very interesting. Here's what we saw in the webinar we had this evening.
The pair has a beautiful Head&Shoulders (at least following my trading strategy),which, at the moment, gives us a double possibility :
1. The Neckline breakout ;
2. A rebound on the Neckline .
If number 1 occurs, I will wait a rebound on it , where I should insert a limit sell order, to enter the market.
If number 2 occurs, I will wait a rebound on the resistance above us , and there, I will insert a limit sell order, to enter the market, with a target first of all on the neckline, and if this level will be broken, I can think about going on, up to the next support level.
Trick
It's very interesting the fact that the Neckline is exactly where two Senkou Span B extensions are. Ichimoku + Price Action is a bomb.
Let me know in the comment below what you think about this pair :-)
ADANIENT: Nearing Festive season, Good for Q3 result. Bullish Candle pattern, Morning DOJI STAR .
ICHIMOKU: TimkenSen Line U-Turned .
Rest plotted on Chart.
Go LONG: 35% at +/- 1% of LTP .
Best LONG: @ Below @ 110.60 (30% of Investment)
More : @ 108.30 - @ 107.30 (35% of Investment)
SL: @ 105.5- (By Closing)
Trailing Stop Loss: @ 101-
More Updates & Intraday / Swing Trade Snapshot updated later.
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Disclaimer: Only For STUDY. Sorry in Advance if hurt any member or viewers.
Have not follow time-line, Sorry in Advance if view conflicts.
Confusing NIFTY: What Heikin Ashi, Ichimoku Combo Suggests ?NIFTY View in Heikin Ashi & Ichimoku perspective & different time frame.
All mentioned on Chart (time frame 4 hour)
NIFTY view as per Heikin Ashi, Ichimoku Combo. Time Frame: 1 hour
NIFTY view as per Heikin Ashi, Ichimoku Combo. Time Frame: 2 hour
Conclusion: Sell on rally , for Target: 9858, 9822, 9792 .
Once reached 9792, possibility of bounce / DN trend confirmation.
Upside restricted to 9965 level as strong Supply Zone.