long in nifty above 17070we can plan a target of 17400 17500 if nifty sustain and close 15 min candle on 20 march 2023 Monday's high. the reason behind the trade is nifty following channel and at support area where it bounce last time and made new high. so i will plan long with stoploss of 16800 . on spot chat.
Intraday
Nifty is taking pause near All time Highs zoneThe Nifty opened on a flat note and witnessed consolidation for the day.
On the Daily charts,
It can be observe that the Nifty is taking break after recent sharp run-up
The Index has made another Doji candlestick pattern on the daily chart
*For Education Purpose
Practice and Learn price action setups
Nifty traded in sideways Range after positive opening today Nifty remained in cautious mode near All time High levels
Fresh upside recovery can be possible if sustains above 22550 in coming sessions
Whereas imp support is placed at 22200 level
Keep Tracking charts
* For Education Purpose
Practice and Learn price action setups
Bajaj FinanceThe stock price has been coming down in one month from 7800 to 6600. This time consolidating at lower levels, and support also can be seen on the charts.
If bounces back from these levels, may go in an uptrend. Projected targets are indicated on the charts.
If closes below 6520 for two days, may go weak according to this setup.
The risk-reward ratio is good in this setup.
This illustration is my view, only for learning and sharing purposes, not trading advice in any form. Please conduct your analysis before taking any trade.
All the best.
SHILPA MEDICARE is rockingThere is a one more stock Which is showing a great opportunity, stock is near resistance and ready to blast. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Hercules Hoists ready to blastThere is a one more stock Which is showing a great opportunity, stock is near resistance and ready to blast. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
RedingtonThere is a one more stock Which is showing a great opportunity , stock is near support cum resistance. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature. Pasted a image from my private idea because daily idea post limit is reached.
Escorts - Positional Long OpportunityFor the last 3 months, the stock has been trading in a range that is forming a downward parallel channel. This moment, just close to the upper side of the formation. If breaks the upper level and sustains, this could be a breakout of a parallel channel.
Targets may be 3245/3440 or even more.
The setup is with a good risk-reward ratio.
The entry point should be chosen patiently ( if the price comes down intraday.)
The setup fails if sustains below 2810 for 2 days, or the exit point should be per one's risk management.
This illustration is only my view. It is not a trading recommendation in any form. It is for learning and sharing purposes only.
All the best.
Ultratech - At Crucial LevelThe stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead.
One has to decide the entry and exit levels very wisely.
This illustration is for learning and sharing only. Not a piece of trading advice in any form.
The setup fails if the price breaches the channel above and sustains.
All the best.
Balrampur Chin There is a one more stock Which is showing a great opportunity Wedge formation in Balramchin what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Delta CorpThere is a one more stock Which is showing a great opportunity Channel Pattern formation in delta corp what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Apple - At Crucial LevelsIt is clear from the setup that the price is at the lower edge of the rising parallel channel. If bounces back from these levels, there may be a bullish phase.
Immediate support may be around 175. if sustains below 175, will be out of our setup.
This illustration is only my view, not a trading advice in any form. Please conduct your research before taking any trade.
All the best.
Narrow Range : Bank Nifty Analysis for 19th'FEBRecap :
After a 2 days bullish run from 14 & 15 bank nifty was cooled down in a tight range between 46300 to 46500 on 16th FEB'24 Also some profit booking was done after 1pm at strong resistance 46500 also happens to be round number. lastly BN stalled at 46300.
Insights for tomorrow:
BN Ranging at resistance on daily time frame previously touched twice and gave big bearish moves already BN was weak on 16th after 1PM.
Forming Bearish wick reversal candle on hourly time frame at 2.15pm candle.
Also profit booking can be seen by tomorrow
Gap Up opening above 46600 can give us buying momentum to continue
#Support : 46300-350,46100
#Resistance : 46600,46800-850
Note: Do your own analysis before making any trading decesion
Bata - Positional SetupThe stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes.
The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk.
If goes well, then the risk-reward ratio is quite good according to the projected targets.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
#DISHTV long trade idea setup (10/02/24)Greetings Folks,
today I have prepared a setup of
NSE:DISHTV on NSE
the analysis is as follows-
- the price started a bullish trend after breaking out of equal high's range
- the price was quick to make a deep retracement, i am currently looking at this retracement as bullish confirmation
- the price may not retrace much deeper this time, that's why choosing the buying zone halfway of move
don't play with fire, always use a predefined stoploss
#SUZLON long trade idea setup (09/02/24)Greetings Folks,
today I have prepared a setup of NSE:SUZLON
on NSE
the analysis is as follows-
- the price is on a minor bearish mode
- we are expecting to take a trade in reversal
- the price has swept the previous low's liquidity
- if the marked resistance breaks and the price retest, we can expect a minor bullish move
- if price fails to do so, leave the setup
don't play with fire, always use a predefined stoploss
#HFCL long trade idea setup (08/02/24)Greetings Folks,
today I have prepared a setup of
NSE:HFCL on NSE
the analysis is as follows-
- the price has made a fresh bullish structure in 15 min time frame
- the last higher high breakout failed, which means price can make a retracement to refuel the momentum
- the buying price is set under the underlying sell side liquidity orders, if they get swept, our trade can play well
don't play with fire, always use a predefined stoploss