VOLTASAfter the long down trend it makes ups trend , now that up trend hit the Resistence level , expecting some Corrections
Markets
BHARAT FORGE - TREND CONTINUATION PATTERN GUIDENSE:BHARATFORG
What is trend continuation ?
Trend continuation means when we are in uptrend and witness a healthy correction most likely sideways movement in a channel and it breaks the correction sideways zone with big momentum candles then it might be signaling a strong new up trend starting.
#so lets see how we can play with trend continuation on a live setup in Bharat forge.
Whats happening in Bharat forge?
*Used Bar chart on a weekly Timeframe.
There are confluence of factors that are signaling this setup.
Lets identify them one by one
1. Prior trend :- The most important thing one should confirm is the existance of previous trend, cause if there is no identifiable previous trend then how can the price form a trend continuation pattern.
As in bharat forge there is a good bullish prior up trend.
* on chart marked as Major up trend.
2.Correction:- The Stock should give a opposite move in the trend with low volumes and the range of movement should be narrow. the tighter the range the better it is.
This correction should not break any major lows in the previous up trend.
As in Bharat forge the corection is in form of channel and its on low volumes.
3.Confirmation signals:- some basic confirmation signals are
(a.) Strong breakouts on small time-frame
(b.) Volume picking up.
(c.) Big momentum candels.
As in Bharat forge formed a strong resistance at 850, the price is unable to break this level from last 1 year in 3 attempts.
on 31-10-2022 it formed a Ranging candle and created a rally base rally power pattern and move above 850 can give a strong break out for a positional target of 1000+
One can hold with a stop loss of 789 and do trail the stoploss with favorable movement.
Hope you like this Idea.
please like and comment.
Thanks for reading.
Keep learning,
Happy trading.
NIFTY & BANKNIFTY ANALYSIS FOR {19-10-2022}NSE:NIFTY
NSE:BANKNIFTY
Banknifty analysis chart.
nifty and banknifty both are moving in a rising channel and it is near its channel resistance line
it may face resistance and fall down from current level.
on the bullish side nifty looks more strong than banknifty
All essential levels are marked on the chart
Always use stop-loss to avoid big drawdowns.
Keep learning,
Happy trading.
Thank you,
please like and comment if you like my analysis.
LTI long opportunityNSE:LTI
Stock -> LTI
TimeFrame -> Weekly
Hello all!
LTI has been moving in a pole and flag pattern. It fell to its support in May 2022 and showed a strong bounceback in July 2022, thus also breaking the flag. This I believe presents a good opportunity to go long!
There are multiple other factors that strengthen my conviction on going long:
-The bounceback came off of the golden Fibonacci zone.
-The stock took support from its 200-week EMA.
-The golden zone coincides with the support zone.
Risk-averse traders should wait for a strong closing above the blue line as the stock will start trading above the nearest swing high and also the 50-week EMA.
*NOT A CALL*
#LTI #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing #ema
Granules long opportunityNSE:GRANULES
Stock -> Granules
TimeFrame -> Weekly
Hello all!
Granules has been forming a flag and pole pattern.
It finally broke out of the flag in the last week of September with heavy volumes and I believe this generates a good opportunity to go long!
There are multiple other factors that strengthen my conviction on going long
-The stock is taking support from its 50-week EMA
-Stock has support from both 50 and 200-day EMA
-Flag breakout occurred after a strong bounceback from the Fibonacci golden zone.
The Risk to Reward ratio is also decent.
*NOT A CALL*
Disclaimer: Markets have been behaving a bit jittery. Hence it's advisable to trade with a smaller quantity than usual and maintain a strict stop loss.
#granules #nifty #technicalanalysis #swingtrading #ema #fibonacci #poleandflag #markets #trading #investing
Shree cement long opportunityNSE:SHREECEM
Stock -> Shree Cement
TimeFrame -> Weekly
Hello all!
Shree Cement has been moving in a channel since Feb 2016. It came back to its lower channel trendline, bounced back with extremely high volumes and also broke trendline 1. I believe it makes for a good opportunity to go long!
There are multiple other factors that strengthen my conviction on going long:
-Support from both 50 and 200-week EMA
-Support from both 50 and 200 daily EMA
-Presence of a strong support zone
The Risk reward ratio is also decent. The ideal place for entry would be at the retest of trendline 1, although a few quantities of the stock can be bought at the Current market price.
*NOT A CALL*
#shreecement #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing
NIFTY 50 TrendNIFTY 50 Trend
15500 around should act as a support and trend change else we can slide towards 14000-14200 in mid term
Indian Budget 2022 - Double Bottom In CEAT tyreCeat tyres can be a good play for budget since it is forming double bottom at this level we can initiate a buy at this level with a stoploss of 1050 on closing basis with a target of 1150 / 1200 /1400
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 24-12-2021LEVELS 29-11-2021 NIFTY
RES- 1.35780 17000
2.35200 17200
3.35450 17100
SUP-1.34720 16840
2.34550 16730
This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
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Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
Channel run by
K.G. Varoon
Dhruv Shah
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 14-12-2021LEVELS 29-11-2021 NIFTY
RES- 1.37465 17562
2.37200
3.37550 17700
SUP-1.37000 17420
2.36800 17300
This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
Channel run by
K.G. Varoon
Dhruv Shah
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 10-12-2021LEVELS 29-11-2021 NIFTY
RES- 1.37465 17562
2.37200 17700
SUP-1.37000 17420
2.36800 17300
This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
Channel run by
K.G. Varoon
Dhruv Shah
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 29-11-2021This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
Channel run by
K.G. Varoon
Dhruv Shah
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 26-11-2021This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
Channel run by
K.G. Varoon
Dhruv Shah
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 25-11-2021This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
Channel run by
K.G. Varoon
Dhruv Shah
VODAFONE IDEA "BUY CALL" 3 TARGETS 10,12,10 ROI POSSIBLEThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
Channel run by
K.G. Varoon
Dhruv Shah
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 24-11-2021This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
Channel run by
K.G. Varoon
Dhruv Shah
ZUARI GLOBAL "BUY CALL" POSSIBLE 16% ROIThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Regards
Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
TATA CONSUMER PRODUCTS "BUY CALL" POSSIBLE 4% ROIThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
IRCTC "BUY CALL" POSSIBLE 14% ROIThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
BANK NIFTY 12TH NOVThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
CDSL "BUY CALL" POSSIBLE 5% UPSIDE SHORT-TERM TRADEThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
NIFTY AND BANK NIFTY LEVELS FOR 11TH NOV AND NIFTY IT ANALYSISThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Maverick Trader
#maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
