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Kinnari_prajapati

NIFTY - Elliott Wave Outlook Timeframe: Weekly NSE NIFTY began an impulsive move after hitting a low of 15183.4 . Based on the wave count, the price completed wave (5) of wave (3) at 26277.3 and has since started to decline. The price is currently in a wave (4) correction phase. Let’s switch to the daily timeframe for a closer look at the details. Timeframe: Daily On the daily chart with a neckline at 24,750 , we’re observing a bearish head-and-shoulders pattern forming. If the price breaks below this neckline, Nifty could drop significantly, potentially reaching the demand zone or surge point of the pattern. However, if the price fails to break this neckline, it indicates weakness in the bearish momentum, signaling a possible reversal According to the Elliott Wave Principle, if wave 5 is an extended wave, the correction often occurs near sub-wave 2 of the previous impulse, especially if it falls below sub-wave 4. So, 24,570 will be a crucial level for Nifty. We can expect the price to move up by no more than 126% of wave A within the correction. Otherwise, there’s a risk of mistaking wave B for wave 3. Whatever scenario Nifty chooses, it’s better to let Nifty commit to a clear direction before we commit to the market. We will update further information soon.
NSE:NIFTY
by Trade-Technique
7
Vardhman Special Steels-Wave AnalysisVardhman Special Steels-Wave Analysis As seen from the chart we can assume that the wave 2 of primary degree was so deep in Vardhman Special Steels. The intermediate 4th is about to complete. The target of 337 is projected with the help of extension tool. As it has broken out of the channel, and may retest the support before going forward or may move further for ultimate target. This is not a trading or investment advice, do your own analysis before going for any trade execution. Thanks Regards
NSE:VSSLLong
by imkhushal
ADANI PORTS weekly chart analysis Price has come back in the parallel channel. There are five" No Trading Zones". Price has twelve touches on the Gravitation line, five touches on the upper band, and six touches on the lower band. There is the line of the power where the price has five major reversals. Also, bullish volume is increasing on the chart. Price has made an excess on the chart, and we can see throw over on the parallel channel. As per the excess, we can ensure that price extreme can make excess on the upper band of the parallel channel, Or price will touch the upper band and reverse itself. The upper band indicates high selling points and the lower band indicates high buying points.
NSE:ADANIPORTS
by Trade-Technique
12
Nifty 50 Companies List 2021 weightage wise!!!!!1. HDFC Bank Ltd. – 10.24% 2. Reliance Industries Ltd. – 10.19% 3. Infosys Ltd. – 7.98% 4. Housing Development Finance Corporation Ltd. – 7.08% 5. ICICI Bank Ltd. – 6.34% 6. Tata Consultancy Services Ltd. – 5.18% 7. Kotak Mahindra Bank Ltd. – 4.05% 8. Hindustan Unilever Ltd. – 3.42% 9. ITC Ltd. – 3.01% 10. AXIS Bank Ltd. – 2.76% 11. Larsen & Toubro Ltd. – 2.70% 12. State Bank of India – 2.20% 13. Bajaj Finance Ltd. – 2.15% 14. Bharti Airtel Ltd. – 1.97% 15. Asian Paints Ltd. – 1.80% 16. HCL Technologies Ltd. – 1.68% 17. Maruti Suzuki India Ltd. – 1.44% 18. UltraTech Cement Ltd. – 1.22% 19. Mahindra & Mahindra Ltd. – 1.20% 20. Sun Pharmaceutical Industries Ltd. – 1.02% 21. Titan Company Ltd. – 1.02% 22. Tech Mahindra Ltd. – 0.97% 23. Wipro Ltd. – 0.96% 24. Nestle India Ltd. – 0.96% 25. Tata Steel Ltd. – 0.96% 26. Bajaj Finserv Ltd. – 0.92% 27. HDFC Life Insurance Co. Ltd.- 0.91% 28. Power Grid Corporation of India Ltd. – 0.87% 29. Grasim Industries Ltd. – 0.87% 30. Dr. Reddy’s Laboratories Ltd. – 0.86% 31. IndusInd Bank Ltd. – 0.85% 32. Tata Motors Ltd. – 0.85% 33. Adani Port and Special Economic Zone – 0.81% 34. NTPC Ltd. – 0.80% 35. Bajaj Auto Ltd. – 0.75% 36. Hindalco Industries Ltd. – 0.75% 37. Divi’s Laboratories Ltd. – 0.73% 38. JSW Steel Ltd. – 0.71% 39. Britannia Industries Ltd. – 0.67% 40. Cipla Ltd. – 0.65% 41. Bharat Petroleum Corp. Ltd. – 0.63% 42. Shree Cement Ltd. – 0.62% 43. Hero MotoCorp Ltd. – 0.60% 44. TataConsumer products Ltd. – 0.42% 45. Oil & Natural Gas Corporation Ltd. – 0.59% 46. Eicher Motors Ltd. – 0.57% 47. UPL Ltd. – 0.56% 48. SBI Life Insurance Co. – 0.54% 49. Coal India Ltd. – 0.43% 50. Indian Oil Corporation Ltd. – 0.37%
NSE:NIFTYEducation
by Trade-Technique
5
The beginner's SchoolAre there any hidden or magical theories to win every trade? Every person has his hidden technique to trade and that technique he will never reveal! Hehehe, I am asking you that which magical formula you have? Unfortunately, there is no hidden technique to become consistently profitable in every trade. If you had that magical trading technique you never surf on tradingview.com, yeah, why you surf here? You have that technique that will give you 100% accuracy, but believe me, there is not! Everything is open and nothing is hidden. Which indicator is good and which indicator do you use? The most asked question ever! Mostly I don’t use an indicator. Because it gives everything late, we often call it a lagging indicator. Indicators are like clock it will keep changing. But more often it depends on your trading style that indicators are suitable for you or not! If you are a necked price action trader or Elliott wave analyst you don’t need to check indicators, not even for confirmation. I was using indicators for confirmation, but they were changing my bias and trading decision that’s why I stopped checking indicators. I have one very successful indicator which is my trained eye, I used to identify reversal, and it may be more accurate than other indicators. I am not agreed with your answer madam! Likewise, I am getting good profit with indicator, why you are criticizing indicator? I already maintained that it depends on your style, there are lots of people who spend money on buying indicators, but they are still unsuccessful even with paid indicators. Maybe your trading style is profitable with indicators, neither I am criticizing nor I stopped you to use indicators. If you are very familiar with that indicator, and you are getting profit then you must stick with those indicators which will good for you! And the person who is not getting enough returns with indicators, they have 2 ways, 1. Choose an indicator that is suitable for you then back test consistently. Don’t mix up more than 3 indicators because it will be confusing to take a trade decision. Add solid risk management (you have two techniques (1.) Risk per trade (2.) percentage of the portfolio) 2. If your mind has decided the indicator don’t work, use price action and become naked(Is the term of technical analysis)traders who don’t use the indicator, but they follow price and volume and momentum manually. Can you tell me the best setting for indicators? Well, there is no magical setting that will give you 100% accuracy, if you are using RSI you will find that you are getting very good buying signals on bank nifty and nifty but if you will apply it on stocks, or forex market it will be useless. I don’t prefer to find new settings because a new setting will affect your trading decision. How can I trade without indicators? Indicators are not everything! You can also use, Chart patterns, Candlestick patterns, Elliott wave theory, Harmonic pattern, Price action Gann Theory Dow Theory Fibonacci & geometry tools (fan, arc, channel, etc.) You can choose any as your primary trading theory. Mostly I use Elliott wave theory as my primary tool. Can we combine 2 or more theories to get good results? Yes, you can! For example, if you are using price action + Elliott wave + time cycle analysis, you can easily find where the excess can be formed. An excess will tell you that this corrective wave is to complete. And time cycle will guide you that when the new impulsive wave is going to start! Sounds easy but it will take very hard practice. Probably yes, we have to convert our knowledge into action which needs regular practice. Regular practice helps us to build a good habit. And also don’t try to use all the theory otherwise you will never become a master in any strategy. I am taking profit without putting SL, is it good? Maybe you are used to, but I strictly follow risk: reward ratio. And as per my trading, SL is a must in every trade. My favorite r: r is 1:3, 1:5, and 1:7. I just stick with it. If you are putting SL your risk is calculated and without SL you are risking all capital. How can I learn to trade? If you want to learn any theories and techniques you can read books. It will help you to gain knowledge for trading. There is a lot of famous and back tested book. If you want to learn to trade just apply your knowledge to a demo account if you are not comfortable with a real account. Mistakes will guide you to success. ----------------------------------------------------------------------------------------------------------------------------------------------------------------- if you have any questions you can ask me in the comments I will upload in Part 2.
NSE:SBINEducation
by Trade-Technique
19
Chart Of the Week (11 Jan 2021)*Stock has given a bullish Cup & handle Pattern breakout on weekly chart . *Life time high breakout already happened. *If we look at the volume part, significant volume activity is witnessed at the time of breakout. *Price has also trading all the important moving averages. *Considering all technical evidences we may see good up move in Rail Vikas Nigam Limited. CMP-33.25 RECO-Buy Entry Range-Rs.31-35.00 Target-42.00/60.00 Stop Loss-23.00 closing basis Duration- 06 to 12 Months. Thanks for reading and kindly let us know if you have any questions.
NSE:RVNLLong
by PrasantaP
Parallel Channel and use of it over the NIFTY>We found that a price is frequent spending more and more time between "Upper-Band" & "Gravitation line". In other words, a price staying much of time between "Upper-Band" & "Gravitation line". Look at the upper-bank has 6 touches. We are seeing no activities between the lower band and control price. that why we concluded that if price breakdown gravitation line will be confirmation of fall. Yes, you can take profit from this type of trend by using buy at control price and sell at the upper band.
NSE:NIFTY
by Trade-Technique
3
Chart Of the Week (04 Jan 2021)*Stock has given a bullish Inverted H & S Pattern breakout on weekly chart & closing above neckline . *02 years long term trend line breakout already happened. *If we look at the volume part, significant volume activity is witnessed at the time of breakout. *Price has also trading all the important moving averages. *Considering all technical evidences we may see good up move in Tin Plate Co of India. CMP-167.00 RECO-Buy Entry Range-Rs.155-170 Target-225/325.00 Stop Loss- 145 closing basis Duration- 06 to 09 Months. Thanks for reading and kindly let us know if you have any questions.
TLong
by PrasantaP
1
Rectangle Pattern Breakout with High Volume*The 2395.00 area is a potential RESISTANCE breakout now and act as a support for now and at the same time this kind of pattern breakout (RECTANGLE) in price is sustainable and high probability. Risk is too low now. *This stock breakout the resistance level with high volume. *Price trading above all the moving averages. *Present trend and sector in bullish trend. All parameter shows a high probability buy set up with stop loss of 2300.00 closing basis.
NSE:LALPATHLABLong
by PrasantaP
3