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M-pattern

Nifty: The Investment PointsHi All, The Investment Points: It can be observed from this weekly chart that in the bear markets of 2011 and 2015, the Index formed bottoms near 200 EMA. Those yellow circled marked on the chart proved to be excellent buying/investment opportunities. If I have to load my money for greatest investments, it will be at the same point. Nifty Took Support yeah... Nifty took support from the 9950-10500 zone mentioned in my previous post. It bounced sharply for a gain of 600 points and still rallying. The resistance points: The first one is 10710. If crossed, we will see more short covering. The second one would be a wider zone from 10900 to 11100 (200 points). If market is to correct, these are the two halting points where we may look for selling opportunities. Complacency for traders The 10710 level would be very important for next week or so. On a positive note, bears would not be happy above 10710. Also fresh buying may come above this point. If bulls prove to be stronger above 10710, the second resistance zone specified above will be quite achievable. And that will be a 200 to 300 points gain. Secondly, On daily chart (see update section) you may see a nice W-Pattern in the making, which signals a medium term bottom formation. The caution As we are moving higher very swiftly, it is possible that we may see some profit taking. The strategy next week: If we start to pullback before touching 10710, I ll be looking for bear traps to go long. If we cross 10710 (gaps up scenarios) without any sign of weakness, I ll be looking for buying opportunities. If we touch 10710 and show weakness, I ll be looking for shorting opportunities for quick gains. Do hit like All the best Regards
NSE:NIFTYEducation
by Bravetotrade
2
Titan - Clear Head & Shoulder setupTitan has made perfect Head & Shoulder pattern on weekly charts and now breaking down from neckline support while volumes are jumping upwards, during the formation of H&S also one can see that with every fall volumes gone up while on green days volumes were comparatively lesser, this is perfect example of a neat H&S setup, So as it is now breaking down below Neckline support so a good time to take short position and can trail sl with 100 Day EMA which is currently around 838. Based on the depth of head from neckline chart is suggesting that below neckline we may see around 20-22% fall, which comes around 660, Also there is a unfilled gap in between 725 - 668 zone, so if falls come then expect this gap to get filled, though 725-730 may provide some support on down side, below that expect to see non stop fall till 660-670.
NSE:TITANShort
by KunalJain
Potential Consolidation BreakoutUnitech Ltd. is in a consolidation for a long time now. A triangle pattern called 'Descending Triangle Pattern' is forming on the 4 Hour time frame. Although, the text book definition of a 'Descending Triangle Pattern' is that the price usually break to the downside, however, that's not always the case. Also, the RSI shows divergence + there is also an ongoing 'Flag Setup'. I will link my 'Flag Setup' idea below. We'll wait for the breakout from the pattern and decide what our Target and Stop Loss should be. Do tell me what you think. Sincerely, Dpk.Htkr
NSE:UNITECH
by Dpk.Htkr
3
Raymond : The Complete Man !Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above : i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine. ii) If you don't trade simple patterns, then you can consider this as simple pullback to retest 810's, so on Reversal confirmation go for long trades, if its in your plan If you go for hourly timeframe, you can see more of ranging market in Raymond which awaits a breakout & the downside breakout : lets not play with it. So if only the upside bullish momentum is seen, we get long in Raymond. Happy Trading !
NSE:RAYMONDLong
by InsiderB
2
DHFL : Housing Structure Collapsing ?Simple consolidation breakout, the breakout is on right now, once its confirmed , Check with your plan & take trade positions in DHFL Note : If you have doubts on, if we reverse our trade on false breakout, why we need to take that unnecessary loss on one side ? Well, we have tried here in tradingview itself manytimes, that reversing on false break covers the loss & either makes us break even or gets us something ( A little is ok when there is nothing ).
DShort
by InsiderB
4
IBULHSGFIN completed shark and ready for reversalIBULHSGFIN in shark PRZ showing weakness and if its unable to close above 891 we can go for a dip in it. CMP 864.5 SL 891 TGT1 779 TGT2 718 Risk-Reward Analysis Entry 866.5 SL 891 Target 1 779 Target 2 719 Reward min 87.5 Reward max 147.5 risk 24.5 ROR1 3.6 ROR2 6 If you feel SL is big wait for the pullback in lower timeframe and can short it. Disclaimer: All the views shared are for educational purpose and my self improvement purpose from other senior traders. if you find any scrip interesting plz do your own analysis or consult SEBI registered financial advisors before taking trading decision.
I
by koolshanin