Get started

Largecap

Nifty 50 Tuesday Setup | Bearish setupNifty 50 price is near a very important support trendline and in the 2Hr time frame, we could see a XABCD bullish butterfly pattern. This XABCD pattern gives 3 targets once the price breaches 17650 and the support trendline. If the price trades below 17650 in the afternoon, we could see a fall. The RSI can be seen just below 50 and Choppiness Index near 61.8 could support rapid fall. The rise in VIX is seen today which means there could be larger moves yet to come. Until the market crosses 17780, it is difficult to see a big rally on the long side. Please refer to the chart for trigger levels and place for stop losses as per your risk appetite. This is not an investment idea. Happy trading. :)
NSE:NIFTYShort
by Sanjan91
NIFTY PRICE ACTION ANALYSIS | ABCD PATTERNIn the hourly timeframe, we can clearly see that the downtrend has been changed to an uptrend and is continuing. A correction up to point C (higher low) is seen and then the price is trying to break point B ( breakout level- trying to make a higher high). If the price sustains above point B, then we can see the price going to the supply zone shown on the chart. This zone is formed by 1.618 and 2 fib extensions of BC. Tomorrow being a budget day, if the market sentiment remains positive, the price may go up to 17550-17670. Trade with caution and this is not investment advice. Happy trading :)
NSE:NIFTYLong
by Sanjan91
MARUTI SUZUKI PRICE ACTION ANALYSIS. LONG IDEAMaruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ. This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ). We can also a downtrend line is broken, but for confirmation wait until the price breaks the supply zone. Any rejection from the supply zone might throw the price near the demand zone. Buying from a PRZ gives us a high risk-reward ratio. The stop loss and target levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:MARUTILong
by Sanjan91
ADANI PORTS PRICE ACTION ANALYSIS. Adani ports' price has corrected a long way and now it is near the breakout zone. If the price sustains above the 762 level then it can go near the supply zone. There are 2 scenarios here, 1. Go long if the price breaks out at the 762 level. 2. Go long near the demand zone, if the price gets rejected from the 762 level. This demand zone must give good support to the price. So, place your stop loss below this. All the levels and zones are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:ADANIPORTSLong
by Sanjan91
Reliance Industries tests the demand zone before the results dayReliance Industries are out tomorrow. The stock has fallen more than 3% to test the potential reversal zone of the harmonic pattern XABCD or the demand zone. As we can see, in the last hour price has bounced off the zone with good volumes. The price has to stay above this zone or else it could test 2500 or even lower by the long unwinding. If sustained above the zone, could even take out the ATH. Shark patterns often come when the corrections are sudden and deep, which is perfectly suited in this case. Maintain strict stoplosses though. Happy trading :) This is just for educational purposes.
NSE:RELIANCE
by Sanjan91
Swing Trading Opportunities for W/B 6-9-21TRADING WATCHLIST FOR W/B 6-9-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan. ON MY WATCHLIST FOR W/B 6-9-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS ADANI PORTS BAJAJ AUTO COAL INDIA HERO MOTO KOTAK BANK ONGC BANDHAN BANK IDFC FIRST BANK BOSCH ALEMBIC PHARMA DR REDDY AUROPHARMA CHALET DAAWAT GLENMARK HINDPETRO ICICIGI KSCL LIC HOUSING MRF OIL RAYMOND There are plenty of opportunities out there even after NIFTY hitting 17300+. So, please review your funds position, have a look at the indicator that fits you well and plan for investing / trading per your risk appetite. SECTORS LOOKING GOOD FOR LONG POSITIONS- AUTO BANK NIFTY COMMODITIES CPSE ENERGY GROWTH METALS MIDCAP50 MIDCAPLIQUID PHARMA PSE Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 5-9-21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NIFTY
by AVENUESOFINVESTMENT