Market
Nifty Level For Tomorrow ( Price Action Analysis)If tomorrow market opens flat then go long if the market takes support 16230 if this level break then go short for 20-50 Points
Or
If Market Open gap up and breaks yesterday high and sustain go long otherwise go short if 15 red candle low breaks
Or
If Market Open gap down above 16180 then go long if faces resistance then don't trade only go long if buy signal shown
Major Resistance:- 16350 -16450
Major Supports:- 16180 -16000
All Advice is for Educational Purposes Before taking any investment decision concerns your financial advisor
TataSteel BSL Breakout!TataSteel BSL is ready for a breakout after a rally in metal sector started!
Breakout in Metal Sector.
Breakout with fresh volume
Flag Breakout.
Targets are based on charts.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
NIFTY BULLISH HAMMER PATTERN BREAKOUT LEARNING THE BULLISH HAMMER CANDLESTICK PATTERN:
PRACTICAL LEARNING ON NIFTY 02.07.2021 AT 10:45 HRS
The bullish hammer candlestick pattern is frequently observed in share market and, like many Japanese candlesticks, provides important insight into market momentum. In particular, the bullish hammer can help to REVERSAL OF DOWNTREND.
Beginners can learn from this and Traders can exploit the detection of a bullish hammer candle with a proper understanding of its foundations. what we learn From Theory we can see practical let us have little theory:
WHAT IS A BULLISH HAMMER?
A bullish hammer is a single candle found within a price chart indicating a bullish reversal. It differs from other candlestick patterns due to its single candle hinting at a turn during an established downtrend.
The hammer is interpreted by understanding a candles particular open, low high and close levels. To create a hammer, price must first significantly sell off to create a new low. However, after this decline, prices must significantly rally causing prices to have a small body and close near its opening price.
A hammer should look similar to a "T". This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed.
Learn to Find Bullish Hammer pattern:
Candle with a short body and long wick (at least 2x the size of the body)
Occurs at the bottom of a downward trend
Confirmation from other indicators as mentioned below
What we learn from Pattern
Trend reversal to the upside (bullish reversal)
Price rejection at a certain ‘key level’
Value for Beginner/Traders
Indicates potential price reversals which could lead to entering a long position at the start of an upward swing – capitalize on the full upward movement
HAPPY TRADING/HAPPY LEARNING
mcpriceaction
How to make big profits in BHARTIARTL ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
$ Chart type: symmetrical triangle, Let it break for the above and close on a daily basis, if the risk to reward of your setup matches with your appetite then go long, also do use your setup once before trading to recheck if the trade is worthy :) Happy trading guys
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
DMART - Avenue Supermarts DMAT (Avenue Supermarts) is ready for big movement. Let's have a look at the weekly chart where in you can see that the stock is standing at 3317 levels and sustain above 3300 levels we can see the stock ride towards 4000+ levels in the coming 3-4 months time frame. The stock can be brought with the stop loss price at 2972 on closing basis.
The contents presented here are only for Educational Purpose Only.
Banknifty (Flying Opposite to the wind - Negative)Sell on the Rise
"Need a trigger to sell off- Coming soon."
Market is looking positive to everyone as it is making new highs. I will like to share my personal view:
Detached to the economy market is looking to trap retail players with dramatic upmove. (Hint: Confusing OI data)
On Monday expecting a Gap Down Opening,
Create a short position below 35200 of course with Hedge. It will reduce upside risk and prevent you from stoploss hunting.
To make fresh Upside move BN needs to cross 35800 Levels with some positive News around. Option Buyers should trade with limited quantity as premium eating is going on by big players from last 2 weeks.
Sell Below: 35200
Buy Above: 35800
Looking for 34400 level in next few days. Just a view with some analysis. Trade will be executed as per moves and on time Chart and OI analysis.
Maybe I am wrong, View is based on current situation. Trade like Chameleon (Change the colours according to situation).
Like if you Like.