In this video, we try to analyze the current market structure of POLYCAB INDIA and guess the next expected move of the stock for upcoming days/weeks.
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 :)
TATA STEEL | Swing Trade | Bullish Momentum A good triangle pattern breakout
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❌
What an amazing rally seen as analysed in previous post with over 600++ points unidirectional move after the break of 44900 levels. Now we can see BANKNIFTY trading around its all time high which could now potentially act as a supply zone hence if BANKNIFTY opens flat then we might see BANKNIFTY getting rejected at mentioned levels of 45550-45650 and this range...
Wipro looks suitable for a reversal at this point. 1. A W pattern both in daily & weekly tf. 2. 330-350 levels can act as strong support. 3. 20-day MA started trading below the CMP in daily tf. 4. Can plan a trade above 373-376 level. 5. A good delivery volume can be seen in the last 5 days.
Daily breakout with high volume. It was the previous support and after downward breakout it acts as a resistance and now it had given the breakout.
NSE:NIFTY Nifty 16,750/- is last hope of support Support at 16,750/- nifty is in downside and 16,750/- is important level of support , if broken then Nifty can move down to 16,270/- level . Disclaimer: Analysis is for training and education purpose. author may enter in trade, take your own decision , This is an trading idea not an trading or Investment...
1) Triangle Pattern Breakout 2) Small consolidation after breakout 3) year long consolidation and good breakout
BINANCE:GMXUSDT.P Head & Shoulder pattern Just our Like GAL and THETA analysis this can also 🚀🥳 Let's wait for 4H closing I'm personally in trade already if something wrong I'll close in profit only.
In this trading analysis, we will explore the potential trading opportunities presented by Symphony stock (SYMPHONY) based on the formation of an alternative bat pattern on the daily timeframe and the presence of a trendline support on the weekly chart. We will discuss the key technical aspects, entry levels, target prices, and stop loss levels to assist traders...
As we can see despite weakness we could see BANKNIFTY showing strong recovery in the second half and closed above the given trendline hence we can see BANKNIFTY showing a strong up move in the opening hours if opens flat ans strong till 45100 but if it opens weak we may see BANKNIFTY remain weak to sideways throughout the day so make your positions accordingly
Tested the resistance three times and finally given the breakout with high volume and no upper shadow. If, you look further back then you will realise that earlier it was acting as a support and now acting as resistance but it will now act as a support. So, if you got any chances to buy at support then buy for swing trading purpose.