RattanIndia Enterprise, previously formed a flag and pole, has now broken out to an all-time high. 🚨DYOR 🚨SL must, it depend's on your risk appetite
It is clear from the chart that the price is near the breakout level of the rectangular channel. My setup is to see it bearish. But have to exit if sustains above 540. The risk reward is also good in this setup. Targets are mentioned on the chart. ( If works) The setup is valid only if it sustains below 540. It is only for learning and understanding purposes, not...
Greetings Folks, today I have prepared a setup of IDFC on NSE the analysis is as follows- - the price faced a sudden downfall due to the RBI negative news - price broke down the trendline support and has swept all the liquidity from the trendline swept the liquidity in easy language means sucking the power of trendline and now its baseless - price has made a...
Greetings Folks, today I have prepared a setup of JPPOWER on NSE the analysis is as follows- -The price is speculating near the all time high - price broke a previous minor high with good volume , now retraced successfully - price already has tapped in my support zone now ready to break past the BSL - trendline support is also in our confirmation bias don't play...
Greetings Folks, today I have prepared a setup of YESBANK on NSE the analysis is as follows- -the price recently broke out of a series of equal highs - we are now waiting for a suitable retracement for the trade - 2 possible support zones, first one is weak and unreliable but it can work out because the stock is accompanied with good volume - the latter support...
Nifty Weekly Expiry Analysis Between the last expiry and today, Nifty50 has gained 359pts ~ 1.85% and broken 2 important resistance levels. We almost took out the 19776 resistance today but for a strong red candle @ 14.15. Nifty Today Analysis Recap from yesterday: “On the 1hr chart, the next target to break will be 19776 which is just 100pts away. Something...
As it is clear from the charts, the price is coming to the lower level of the channel. if bounces from these levels, may go bullish, Expected target may be 520 or even 580. The setup fails if doesn't sustain above 497 on a closing basis. This is only for learning and sharing purposes, not trading advice in any form. All the best.
Greetings Folks, today I have prepared a setup of USOIL on TVC the analysis is as follows- -the price currently broke out of a range of equal highs, this is a good sign of bullish momentum - the price is retracing right now, either it can take support from the 50% of retracement or respect the support zone i mentioned in chart - the safer trade would be the latter...
Stock gives breakout on a daily timeframe and consolidating in resistance area . CMP : 322 Target : 334 Stoploss : 314 This is not a buy or sell call, this analysis is shared for educational purpose.
Greetings Folks, today I have prepared a setup of YESBANK on NSE the analysis is as follows- - the price is on a roll right now, making good structure along with new higher highs - the market was slow today, hoping for a retracement for the price to gear up for the next bullish leg - it CAN retrace deeper than the zone depicted in the chart if index opens negative...
Greetings Folks, today I have prepared a setup of SUZLON on NSE the analysis is as follows- -the price recently broke out of a bullish pattern - its currently respecting a static resistance, which will get break in next trading day - The price respected the previous high as a resistance, price is building up momentum to break past it - either trade the breakout of...
Greetings Folks, today I have prepared a setup of PNB on NSE the analysis is as follows- -the price recently broke out of a bullish pattern - The price is kinda stretched right now, can use some temporary support for more momentum - i have marked the most immediate strong support zone - this trade setup might play in 2-3 days as the support zone is not in reach...
Greetings Folks, today I have prepared a setup of IFCI on NSE the analysis is as follows- - The price broke past the previous higher high - now the price is spectating in a minor, just above the breakout area - the most immediate minor high failed to break past the previous minor high indicating temporary weakness - it would be better if the price would...
banknifty looking bullish for now just in poll n flag ⛿ patterns
Greetings Folks, today I have prepared a setup of SUZLON on NSE the analysis is as follows- -the price recently broke out of a bullish pattern - its currently respecting a static resistance, which will get break in next trading day - the above resistance marked is the previous high, if price breaks pass through it the same day, this would indicate that the...
Greetings Folks, today I have prepared a setup of NSE the analysis is as follows- - the price is consolidating in a minor range - breakout trade is very optimal for such scenario - if breakout with good volume, can enter without retest, but safer entry will always be waiting for a retest - there is chance that the trade can go south, so dont get your adrenaline in...
Greetings Folks, today I have prepared a setup of RPOWER on NSE the analysis is as follows- - The price is on a good bullish trend - its retracing right now for another bullish leg, let the price settle on the support zone, then you can initiate the trade - be alert about the volume when it approaches the support zone, it should be big buying candles for...
The setup is simple to understand by the chart itself. The stock has bounced back from the lower support of the parallel channel. if the momentum continues, may go to 4250/4450 or even a lot more. In a bullish rally, it may go to 5300. Sustaining below 3960 will show the weakness on the charts. it should travel inside the channel if considering a long setup. This...