Zensar Technologies Swing Idea Price action has retracted in weekly demand zone
Daily And 4HR timeframe has given a break of structure
50 Ema is also providing confluence
Not a financial advise.
Multiple Time Frame Analysis
NIFTY looks ready to break now!!As we can see NIFTY showed strong recovery despite us expecting weakness in NIFTY. Now that NIFTY has closed around its crucial level which has been tested multiple times now already making it weaker hence now any flat to weak opening with strong buying in first half could show another unidirectional upmove. The move tomorrow could also be influenced by INTERIM BUDGET impending which could result in larger volatility so plan your trades accordingly
Very good entry in DMART.Dmart is looking good going to take an entry soon when it will hit the required price. Very good and beautiful structre is their it's a high probability trade.
Exact REJECTION as analysed As we can see despite the strong uptrend, NIFTY got rejected as it couldn’t sustain itself above our given level and fell unidirectionally as analysed in our previous analysis. We may see NIFTY to remain sideways to negative despite strong opening unless it breaches upward zone. We may also see NIFTY reaching the lower trendline if couldn’t hold itself so plan your trades accordingly.
NIFTY ready for another rally..?As we can see NIFTY showed unidirectional upmove which as expected as we had analysed in our previous BANKNIFTY analysis. Now NIFTY can be see standing at make or break level closing at very important level which has been tested multiple times making it weaker hence any closing above the given level could show another unidirectional move but can act as a strong resistance which may lead NIFTY to fall so plan your trades accordingly
A PERFECT EXAMPLE OF CUP AND HANDLE PATTERN ON FSL STOCKWhat is the cup pattern?
Cup and Handle Pattern is a bullish continuation pattern that signals a strengthening of a security's price followed by a breakout, after which the scrip's price soars up. The U-shaped cup represents the era of consolidation, while the handle represents the moment of breakout.
How to trade ?
The buy point occurs when the stock breaks out or moves upward through the old point of resistance
the volumes are also increasing mean its ready to break the cup
UFO MOVIEZ - MONTHLY BREAKOUT( *** All time high *** )
( Daily , Weekly and Monthly Breakout )
it given good breakout with huge volume in Daily Time Frame.
One can Enter above 155 and Stop Loss is below 146 Target Open ( Hourly )
On Daily Time Frame Support is 138-139 and Stop Loss Below the Support.
Support seen near 149-148 in Hourly Time Frame.
SO ABOVE 155 EXPECTED 10%...15%...20%
INDIA NIPPON BREAKOUT - DAILY , WEEKLY AND MONTHLY TF( *** All time high *** )
( Daily , Weekly and Monthly Breakout )
One can Enter Between 740-750 and Stop Loss is below 705-700 Target Open
Support seen near 710-720 in Hourly Time Frame.
SO ABOVE 750 EXPECTED 10%...15%...20%
LIC stake in HDFCBANK will come into effect?As we can see despite the weakness, BANKNIFTY managed to close strong with hammer kinda candle in daily time frame. Despite BANKNIFTY closing below the psychological level, we can still expect BANKNIFTY to show strong reversal which could also be fuelled by the approval of LIC which can have over 9.99 percent stake in HDFCBANK so plan your trades accordingly.
Long consolidation trendline BreakoutRain has been consolidation for long. And take 3 time support from lower level around 150 level/-
Now its given old 2.5 year old trendline Breakout Today by Giving us closing above 176/-
Although 176 to 186 will act as strong resistance zone out here. Giving breakout above 186 level Will give Good entry point.
Disclaimer:-
THIS iS NO A BUY/ SELL RECOMMENDATION.
This idea is for Education purpose only .
RECTANGLE PATTERN BREAKOUTHas Been Moving In the Same Range For Over 2 Decade And Now Looks Ready For An Uptrend Move.
Current market price :- 105.75/-
Buying level at 110/-
stop loss :- 104
target :- 120 , 130, 140, 150
Holding period 5 TO 8 Months
Paras Defence making inverted Head & Shoulder patternAs you can see from the chart provided, an inverted H/S pattern is currntly emerging on this share, as soon as it breaks the necklin(i.e. - 800-805 level) it will start a journy towards it,s all time High.
A good point for
entry - 805
Target - ALL time high (1250) or 1:3 RR (1180).
SL - 680 ( just below support @Daily TF)
N.B. - This is for education & informational only, Do your own research before investing.
We are still above 45000 mark As we can thought we opened weak but managed to close strong well above 45000 which is a psychological level but the bears are always taking over despite bulls try. We can see more of downfall in coming trading sessions if BANKNIFTY couldn’t hold itself above 45000 which could give rise to a new trend till then BANKNIFTY could remain sideways to bullish with bigger bearish move so plan your trades accordingly.
USDCAD Short [Weekly Swing]USDCAD Short Idea based on a Weekly Swing level. Entry refined on the 4H/1H. Confluences on the chart, potential +2.5R.
Banknifty on Breakdown or ReversalOn Monthly time frame it's forming a marubozu. On monthly timeframe if we take last swing (Oct-23) and mark a fib-retracement, it's show price is in 0.5 & 0.6 area which is a crucial zone also a touchdown to 9 EMA .
Downtrend scenario
If Jan-24, candle close below 44590, it will confirm a Major time reversal and we will be able to see further.
Uptrend scenario
If Jan-24, candle close above 45381, it will confirm, it's a retracement and price will move up from here.
Can BANKNIFTY protect its Psychological level..?As we can see BANKNIFTY showed unidirectional downfall which was completely unexpected as we decided a good upmove if BANKNIFTY opens flat but it opened with huge gap up and fell unidirectionally but we can see BANKNIFTY managed to close above 45000 mark which could potentially act as a psychological and SUPPORT hence if BANKNIFTY manages to open flat to slight strong we might see a good upmove but another sideways to negative day tomorrow so plan your trades accordingly.
Don’t miss this 15 year old breakout, Picture perfect roundingThis type of rounding bottom pattern is seen only in books which is going to happen with this stock after 15 years. There is a possibility to go up....Picture perfect rounding bottom breakout.
One and half year waiting time about to finishKeep an eye on this stock because it can break its one and a half year resistance any time and if it does so and then retests it then there will be a great opportunity to fly into the sky.
The stock has changed its trend from down trend to UP trend The stock has changed its trend from down trend to UP trend and there is a lot of room left on it. with huge volume
The stock has changed its trend The stock has changed its trend from down trend to UP trend and there is a lot of room left on it. with hues volume
NIFTY remained sideways as expected! As we can see NIFTY managed to remain sideways to bullish as we analysed in our previous analysis! We also saw NIFTY taking support at trendline. Now watching the global cues we can expect NIFTY to open strong but it will be important to see if NIFTY manages to sustain itself with that strength as it could be influenced by RIL results so could remain volatile throughout the so plan your trades accordingly
GBPUSD Short [4H Swing]GBPUSD is Weekly Bullish, but over extended with a reptracement due. Daily and 4H show signs of bearish price action. Price broke through the previous Weekly Key Price Area and retraced back to form a potential Lower High to continue the bearish momentum.
Will this SUPPORT will NOW act as a RESISTANCE..?As we can see NIFTY finally showed unidirectional fall after resisting from our previous acting SUPPORT but managed to recover almost in V SHAPE. Since looking at chart it makes very evident that NIFTY should resist from here and continue its fall but market also does opposite of what’s most expected hence we can expect NIFTY can show temporary weakness but finally RECOVER breaking the RESISTANCE which acted as a SUPPORT previously and could be a SIDEWAYS to BULLISH day so plan your trades accordingly.
