QQQ approaching a long term support area. Will it reverse?NASDAQ:QQQ approaching a long term support area. Will it reverse from here? from 2018 this support zone in weekly is the majour reversal point for bulls. Will history repeat?
Breaking this zone going to be more painful and long term bearish sentiment will emerge.
This is purely a price action educational chart and not a buy or sell reco.
Moving Averages
OFSS Breaks Trend, Enters Oversold ZoneTopic Statement:
OFSS has undergone a major correction in line with the broad market downturn after breaking down from its uptrending channel.
Key points:
- The breakdown from the uptrending channel triggered selling pressure and a sharp correction.
- The price has taken strong support at 7,000.
- The stock is trading below the 180-day EMA, making it oversold.
Siemen forming a Flag and Pole pattern on the bearish side.A bearish Flag and pole pattern in Siemens.
The stock has fell from 8000 to 4600 and recovered back to 5300. If there is a break down of the parallel channel, it can retest the recent low of 4600.
It is trading below 100 and 200 EMA on the daily charts. There will be resistance from the levels.
Wait for the break down and let stock price test the recent low.
Enter only once the stock has given a break down, else avoid entering the short trade.
A possible trend reversal in ACC. (01/04/2025)ACC Ltd is trading in a narrow range and is in a downtrend. There are chance of a trend reversal as the indicators are predicting and the price action too seems to follow with them.
The channel break out in the stock can confirm the trend reversal. If the stock give a break out and retest, stock can be bought in cash or in F&O segment too.
Good targets can be captured in the stock as the break out after a year will be there.
Stop loss and Targets should be as per the risk to reward appetite.
Wait for the price action and trade accordingly. Patience will help in capturing the most profitable trades, otherwise losses will be eating away the capital.
BankNIFTY’s Resilience Faces a Trend ShiftTopic Statement:
BankNIFTY has shown resilience compared to NIFTY during the market correction but has entered a mildly downtrending channel after breaching its long-term uptrend line.
Key points:
- The breach of the long-term uptrend line indicates the end of the bullish pattern.
- BankNIFTY is moving in a mildly downtrending channel.
- A breakout on the upper side of the channel will shift the trend back to bullish.
- The price remains far above the 180-day moving average, making BankNIFTY overbought and expensive.
Mazagon Dock - Flag Pattern!!!Mazagon Dock is looking super good both on Fundamental & Technical pattern on account of following:
1. Consistent profitability from 2o years + dividend and no debt
2. Only Shipyard to be conferred Navratna Status
3. Capex planned for next 4-5 years - INR 5000 crores
4. World class infra - Capacity of building 11 Submarines & 10 War Ships concurrently
5. Technically, it is making flag pattern and then giving a breakout. It take support on 200EMA.
6. It is consolidating from last 9 months and a breakout will result in breakout from flag pattern to take price to new heights.
Keep following @Cleaneasycharts as we provide right stocks at right time at right price.
Cheers!!!
I Learned Something From This Chart !Hello fellow traders I hope you all are doing well so as we can see the market is not supporting any long position at the moment but the chart of Bajaj Finserv looks very attractive however I am not creating any trading position in it because the company is going to give it's financial figures tomorrow and it can be harmful for my trading position so all of you please also read this idea only for learning.
So through this chart we can learn that when price breaks 200 moving average, then a good fall or a good upside move comes. One pattern is formed which we call double bottom in which price after going above the swing low again comes near the old swing low and forms a double bottom and from where the price has come back is called the pattern neckline. Apart from this I have plotted a resistance zone where price took support for the first few days and later it became a resistance zone. This thing reminded me again about the theory of support and resistance.
So as I have told you, I will not create any trading position because tomorrow its financial result is due and that can harm my long position. But even if a long position is created after this resistance zone breakout then I will keep my target on the old swing high or all time low which was recently created by the stock a few days ago which was around 2000 keep that as my target and will keep my stop loss below the moving average of 200 days. If we look at the risk to reward then it is 1:2 risk reward ratio which is fine considering the current market perspective. I will not give any update for this idea because I am sharing this idea only for learning purpose. It does not seem to be a proper educational publication therefore i am not adding educational flag but adding long flag beacuse that is my current view.
I hope you like my work, Thanks in advance.
Best regards- Amit.
Classic breakout ?After quite a volatile journey, this stock is sending positive signal with crossing a downtrend line & its 233 EMA, with MACD sending an uptrend since 6th March.
With RBI creating liquidity which is positive for NBFC and HFCs and increasing the limit of priority sector lending eligibility for housing finance, this stock needs to be reviewed positively.
Disclaimer - Its not recommendation to BUY or Sell, only for education purpose
Kotak Mahindra Bank exploding after the results.Kotak Mahindra Bank has given good results and reacted gaining 9.21% today.
A good support from 200 EMA on the weekly charts and now its trading around a minor resistance zone.
For a long time the stock is trading in a range, now the stock has reacted to the news. Either it will take a pause on continue to test the upper resistance around 2000 and 2160.
This is the third time the stock is testing the resistance zone. If the resistance is gone chances of test the ATH will be higher.
Daily supports are around 1800-1840 levels. Gap filling can be done but not so early.
It has also cleared the Moving averages gates of all the four EMAs. Bullishness is there in the stock.
Wait for the price action near the levels before entering the trade.
ZEEL : Breakout Candidate#zeel #trendline #breakout #patterntrading #chartpattern #cupandhandlepattern #momentumtrade #swingtrade
Zeel : Swing Trade
>> Trendline Concept
>> Cup & Handle chart pattern visible
>> Moving Avg Concept also suggests Breakout of 50 EMA
>> Breakout point of Trendline / Chart Pattern & Moving Avg concept are all in confluence at same point. (Refer both charts)
>> Hence its a Breakout candidate, probability is higher
>> Upside potential is of 20-25% & Downside Potenial is 9-10%
>> So a good 1:2 Risk Reward Trade
Swing Traders can lock profit at 10% and keep Trailing
Please Boost, comment and follow us for more Learnings.
Note : Markets are still Tricky and can go either ways so don't be over aggressive while choosing & planning your Trades, Calculate your Position sizing as per the Risk Reward you see and most importantly don't go all in
Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
Smallcap 100: No trades yetNIFTY SMALLCAP
➡️My customised indicator telling me to wait. This is one of the tools I use to decide the market breadth.
➡️When the index is above the channel, the chances of getting trades right and extremely rewarding are higher.
➡️Below it, it’s not the most conducive trading environment especially in smallcap.
➡️Not jumping onto new positional trades as of now.
LTIM Trades Sideways After Market Correction Topic Statement:
LTIM has corrected along with the broad market correction and is currently trading in a sideways range, with key support and resistance levels defining its movement.
Key points:
- The stock is moving in a sideways range between 4000 and 6000.
- Price has received heavy support at the 50% retracement level previously and is currently at this level.
- The stock is trading below the 180-day exponential moving average, making it oversold.
- The weekly MFI is at 17.8, indicating that the stock is highly oversold.
KOTAK BANK NEAR FLAG BReakoutKotakBank is nearly Flag Breakout on Monthly Candle (Wait more 7 days to Finish MOnthly Candle with Big Bull Breakout)
Wait for Proper Breakout beacuse its 4 time where Chart is going to test same Trendline.
Flag Pattern Start from 2020- After 5 years its will going to break
If we see fulll chart Stock taking support over 2013 Trendline before two months so there is more more possibility to give breakout
if we see RSI chart its also show Breakout over MOnthly RSI trendline..
## THis is my Just View, take position after all confromations and research by yourself##
also see weekly chart - weekly showing strong big bull canle ( 1more Weekly Candle Require for final conformations)
IndusInd Bank Plunges on Accounting ConcernsTopic Statement:
IndusInd Bank has faced a massive selloff following accounting discrepancies in its derivatives portfolio, pushing the stock into oversold territory.
Key points:
- Stock has broken the 61.8% retracement level, indicating the selling pressure may continue until a full 100% retracement towards Rs 243.
- Price has overextended below the 180-day EMA, making the stock oversold.
- MFI on the weekly chart is at 20, denoting highly oversold conditions.
Nifty broke out of Ascending Triangle pattern
ASCENDING TRIANGLE BREAKOUT -
nifty had recently broken out of strong ascending triangle pattern indicating strong upward potential for the index
50D & 100D SMA CROSSOVER -
50D sma had recently crossed over 100D sma and took multiple support on 50D sma repeatedly indicating strong potential of upward momentum for the index
Nifty weekly analysis for 17/03/2025Nifty is trading between 100 EMA (weekly) and 20 EMA (daily). A good support from the weekly moving average is there and resistance on the daily charts.
A continuous support from 22300 level is there as the market has remained in a range whole week.
If the market tried to breach the support level, the support of weekly 100 EMA can be the other support around 22030 else it will take support around 21800.
In case the market starts to recover from the bottom and creates a higher high higher low formation it has to take out the resistance of 22650 and 22758.
Major levels are plotted in the charts. Just wait for the price action to confirm the entry into a trade else another sideways market can be seen.
Inside candle formation on the daily charts is also there and break out/down can be traded accordingly. Different trading approaches can help in capturing a good trade.
Wait for the price action near the levels before entering the market.
TCS Approaches Strong Support Amid Severe CorrectionTopic Statement:
TCS has seen a sharp correction in recent months, with the stock finding support at the 3500 level while trading below the 180-day EMA, indicating oversold conditions, further confirmed by a highly oversold weekly MFI.
Key points:
- Stock takes support at the 38.2% retracement level
- Price is below the 180-day EMA, marking it as oversold
- Weekly MFI is at 18, indicating the stock is highly oversold
Death Crossover Strategy Explained with 50-EMA & 200-EMA line.Hello Traders! In today's post, we’ll explore the Death Crossover Strategy , a highly effective technique used by traders to identify potential trend reversals. This strategy involves the 50-EMA (Exponential Moving Average) crossing below the 200-EMA , which is considered a bearish signal.
In this chart of IndusInd Bank Ltd., we can clearly see the Death Crossover in action. The 50-EMA (green line) has crossed below the 200-EMA (red line), signaling a potential downtrend.
Key Insights:
Death Crossover : Occurs when the short-term moving average ( 50-EMA ) crosses below the long-term moving average ( 200-EMA ), suggesting the beginning of a downtrend.
Volume Confirmation : A sudden increase in volume after the crossover confirms the strength of the signal. In this case, the volume spike at the crossover indicates a strong bearish momentum.
Target Areas : After a Death Crossover , look for potential support levels to target as the price moves lower. In the chart, we can see how the price retraced and then continued its downward journey.
Price Action Post-Crossover:
In this example, the stock dropped by approximately -38.12% after the Death Crossover , highlighting how powerful this signal can be in catching major trend reversals.
Risk Management :
Stop Loss : To protect your capital, always use a stop-loss order just above the 50-EMA (green line) when entering a short trade after the crossover.
Position Sizing : Keep your position sizes small in trending markets to manage risk and ensure a favorable risk-to-reward ratio.
Note: We have used this chart just for teaching the strategy and its potential impact.
This is a great strategy to catch long-term downtrends, but as always, remember to use it alongside other technical indicators and fundamental analysis to increase your chances of success.
Happy Trading!