Hindalco is fundamentally a very good stock and has given good returns in the past. Currently, it has formed and given a breakout of a symmetric triangle pattern in a weekly timeframe with good volumen and trading in a daily/weekly channel.
It has cleared its first resistance which was a zone of 450 and is now ready to travel up to the upper body of the...
As we can see BANKNIFTY despite its weakness in short term we can expect BANKNIFTY to continue its uptrend back again anytime sooner and reach its psychological level 46500-47000 wherein any signs of rejection around these levels could be traded and shorted and it could also be taken positional for capturing bigger move so plan your trades accordingly
As we have seen various banks have posted amazing results which might lead to a strong opening for tomorrow so we might see BANKNIFTY to remain strong in the first half till it reaches some psychological level of 46500-47000 levels and any signs of REVERSAL around these levels could show unidirectional fall in second half so plan your trades accordingly
SGDJPY appears to be resuming its trend after a pullback on the daily timeframe. On the H1 chart, it is currently in an uptrend after breaking above the previous anchors. You can consider going long either on the retest of the slider parallel or the breakout zone. Set your Take Profit (TP) levels as follows:
TP1 at the H4 downtrend anchor
TP2 at the upper...
In the weekly timeframe, Mcdowell is forming a box/bullish rectangle pattern (Breakout happens upside).
Since the breakout happened last week. So, one can go long in it considering the bullish rectangle pattern.
4H BOS happened sign of bull entered the market.
Hopefully they wanna sweep liquidity below 29880 before the next move.
Place limit orders and see what happens next 👀.
If doesn't trigger it's what it is.. if does atleast we will get some profits
1:7 R:R
Target doesn't mean to be hit , it's up to you when to close your position.
Just a small risk trade of 1%.
Good luck
CUB is trading in the price range of 109-200 for the past 3 years. Currently, it is trading near the weekly demand zone. On the daily timeframe, it has given a trendline breakout and again confirmed the upside possible movement by breaking the reversal trendline.
One can create a fresh position at CMP or can buy in dip and can hold for swing or position for the...
BINANCE:GMXUSDT.P
Pull back on head and shoulders pattern breakout.
Long 5x -10x
Entries - 57.00 -55.43
Targets 61.90 63.40 67.30
Sl-52.00
1% of your capital only highly recommended. If not don't take the trade.
We closed above 59.15 ,good bullish sign ,we trying to catch up the pull back and ride the next rally⬆️.
BANKNIFTY despite its flat opening and being sideways in the first half finally broke out in the second half and rallied over 500++ points now we can see BANKNIFTY to show more of upmove in coming trading sessions till 47000 which is its next psychological level which can potential act as a RESISTANCE so plan your trades accordingly
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
This is just a backtest for the indicator I started using.
As we can see BANKNIFTY remained sideways throughout the day as we analysed in our previous post but closed in a positive note as we can see BANKNIFTY in more like a double bottom pattern in smaller time frame hence if BANKNIFTY opens above our given level then we can see more of greater up move tomorrow else we can expect BANKNIFTY to remain sideways to negative...
As we can see BANKNIFTY despite its strong opening failed to sustain itself above our given level and fell unidirectionally hence we may expect BANKNIFTY to remain sideways to negative in coming trading sessions and a better place to short would be around our levels if signs of rejection is seen for a good fall till yesterday's low so plan your trades accordingly
*Observation in Weekly TF*
RSI : Above 60 (In Momentum)
MACD : Above Zero line and uptick
BB: Upside Challenged
EMA 50 : Price is roaming around EMA 50
*Observation in Daily TF*
RSI : Above 60 (In Momentum).
MACD : Toggled near Zero Line and crossover done.
BB: Bollinger Upside challenged after getting squezzed.
EMA 50 : Price > Closed above EMA 50.
...
Delta corp is looking good in Daily and weekly timeframe. Currently it is trading near daily demand zone and taking support of day level trendline.
Though it has not given any positive sign for upside movement, we can track it near 180-190 level. Targets are bing in swing and positionsal. I'll update entry level after some price action.
Happy trading :)
Sharing possible Elliott wave counts of Metropolis chart, on daily time frame with flag and pole breakout in hourly Time frame which shows it is currently in wave 4 and soon it can start wave 5.
First it made Double bottom pattern and after breaking its neckline it has created Flag and pole.
Wave 3 target of 1.62 level has also been achieved with MACD reaching at...
BINANCE:SUIUSDT.P
Let's get long on SUI
1.) Swing pull back over
2.) Good reaction from flip zone
3.) Entry points 0.65 to 0.62 (enter with 1 - 1% of your capital in 3 parts )
4.) Use not more than 3% of your capital 👍
High risk involved because of SL is at lowest❌
