breakout found in @indusind_banka monthly breakout found in indusindbank . buy above 1245 to 1250 and 1st and 2nd target is given on chart.
Index
Nifty 50 daily time frame Nifty 50 is on very important level also price formed a ascending triangle pattern if it will break then we can say about trend
What we see by analyzing the pharma index with 2 theories.Hey.. What do we get if we analyse one chart with two different theories ?
Is it a good idea ?
We use different techniques and methods to analyse a chart.
Some traders use chart patterns, some use moving averages and others use any other technique.
We all did the analysis to determine the trend of that instrument.
What if we use two different theories for the analysis ?
It will give us a more accurate view for that instrument.
Lets check the analysis Nifty Pharma Index Daily Chart by 2 different theories of Chart Patterns and Exponential Moving Averages.
Chart Pattern
A symmetrical triangle pattern appears on the chart.
And today we see the Breakdown of the pattern.
The breakdown of the pattern shows the weakness of the index.
Exponential Moving Averages
For this we use four exponential moving averages of 20, 50, 100 and 200 periods.
We start from the 20th of Jun 2022 when the price is below the all exponential moving averages.
From that day the price started its upward move and it crosses all ema's one by one
and finally it reached at 200ema on 5th of Aug 2022.
During the period of 3 months the all 4 ema's come close to each other.
But the price has failed to cross the 200 ema and it starts its downward move.
From 22nd of Aug 2022 the price tested its 20 ema and 50 ema but has failed to hold them.
Finally on the 16th of Sep 2022 the price closed with a big red candle.
The price traded below to all 4 ema's shows the weakness and start of a downtrend.
Conclusion:
From both theories we see the weakness in the pharma index.
So, the stocks of the sector show the bearish move in the coming days.
This explanation is for educational purposes.
My only intention is to share my style and techniques of analysis.
Thanks
BANKNIFTY analysisBUY SIDE
As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500.
Thus we can go for long in Bank Nifty upto next high level or for a double top pattern.....
SELL SIDE
As BANK NIFTY rejects from its previous high and continously going toward its supports thus support level of 40500 once breaks can lead to long short position.
A small short position can be made once that small trendline breaks thats its following to move upward upto the level of 40500 max and can follow above move.
NEUTRAL
Bank nifty can stay in the range of 500 points from 40500 to 41000.... also we can see some resistance building above 41000 to 41100 which is rejection level. Once nifty crosses that level then we can see a full-bullishness in the index.
Ascending triangle in nifty50Nifty50 formed a ascending triangle pattern. Now we can about the trend after breakout or breakdown.
Rising wedge pattern in NIFTY 50The price formed a raising veg pattern and gave a fake breakout. Here are some important levels. I am Bearish in Nifty 50, but nowadays the market does not behave as usual, so we cannot say anything in the closed market.
BankNifty Trade Setup 05/Sep/2022Bank Nifty is making ascending triangle pattern!
Buy Above: 39745
Target: 40000
Sell Below: 39300
Target: 38800
Plan to sell options in the range between 39300 & 39700 because market may go sideways in that range!
2 Good swing trades and index ideas for 30 Aug Markets I daily make educational content videos for financial markets.
dollar index next stopdollar index next stop could be 112
macd cross is looking good for uptrend
still resistance didn't break
it could be next 2% upside
HSI Index - No returns in 22 years??Jan 2000 Hong Seng index topped around 18400 and Tested the same level of 18400 1st qtr of 2022. If you are a long term index investor and invested in Jan 2000 you would have made zero return in the last 22 years. Stop blindly following finwits in index investing. Learn and be alert
SBI : CRUCIAL RESISTANCE#SBI at its crucial resistance 530. Sbi tries to break this resistance for more than 2 years. Its seems weakning this time. With strong buy pressure.
Nifty - Monthly viewIn July, Nifty has shown strong reversal, this month it needs to close above 17800,then Nifty can move towards new high by Diwali. This month target 17700
INTRADAY SHORT in BANK NIFTYA good double top pattern after a bullish run. The price has not retraced yet. So, high probability of a bearish move if the neck of double top formation is broken.
My entry,
- Only when 15 minute candle closes below the neck line.
For more trade ideas like this, follow me on trading view.
Best Stock for Intraday INDIAMART BEST STOCK INTRADAY
Sell Below:- 4048
Target -: 4000, 3986, 3940++
Best Stock Intraday Monday CGPOWER Best Stock Intraday ( 25/7/2022)
BUY - Above 233
Target 237, 240, 248+
nasdaqaccording to price action we can see a clear cut of berrish last till nextweal and reallygood berrish , and abundance of financial freedom coming to sus :)
Bank Nifty- IndiaWhat are the odds? I think there is a good chance we get a fake-out (false breakout) on higher timeframe here, maybe to even 37000 and then slow bleed and consolidation to 30k till end on year.
I am personally not buying anything here. Maybe scalp longs here and there but will wait for 30k to load up anything from swing-trade or long term point of view.
Stay tuned.
NIFTY : Looking for Short!Nifty is looking for a movement to the downside. Levels are mentioned after forming correction & has the possible move to the downside.
Index BreakoutIndex corrected 20% from top.
Strong support on lower level's.
Clear sign's of bottom formation and breakout is evident.
Falling Channel breakout and consolidation near breakout zone is giving strong confirmation.
MACD and Rsi too supportive.
Rally ahead.
Pullback's is excellent entry point's here on.
Amazing Intraday, swing trade setups with Index Ideas for 30 JunI daily make educational content videos for financial markets
BAJAJ ELECTBajaj elect is on the verge of trend line break out, simultaneously horizontal resistance also lies there as donated is dotted line. Hence, good move may come above 1020 as double bottom is also done.
Structure under Construction Very dangerous structure under construction in #cpse index . When price consolidate near a strong resistance level and break the lower boundary then high probability price continue its trend .
