Tata Power Fibo + Demand Zone + Multi time FrameIn 15 mins stock is nearby its lower trendline, Currently closed to be undervalued as shown by the valuation band in 1st chart. Also standing on Demand zone .
In 2Hrs timeframe it has completed 78.60% retracement and also nearby 50 ema .
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Multitimeframeanalysis
Apollo Tyre Fibo + Demand Zone + Multi time Frame In 15 mins stock is nearby its lower trendline, Currently undervalued as shown by the valuation band in 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 61.80% retracement and also nearby 100 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Fortis: 5 yearly itch Fortis is yet again playing out its 5-year cycle. A look at the left-hand chart which is the monthly time frame, clearly shows this cyclicality of 5years. It has been a long-term under-performer and is now dealing with some serious resistances. Last session we had a fine high-volume breakout which should continue further up unless the short-term supports of 160 is not broken. With the momentum backing the pharmaceutical stocks can this be an opportunity for the stock to rally further up and test 200? Well, I think it’s possible.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
PNB | Double Bottom & Accumulation zone 🎯⭕ Trading opportunity ! Chart Alert !!! ⭕
--Buy Above =35.85 or CMP
--Target = 56.75
--Stop-loss =30.20
--R:R = 3.7
--Expected Profit = 58 %
--Expected Holding = 3 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) pnb is in range now & having a really high volumes after the fake breakout
2) Kind of a double bottom & accumulation zone
3) Trendline is also broken
4) target is somehow based on resistance zone as well
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
HDFC - PULLBACK STRUCTURENSE:HDFC
DAY CHART
UPTREND IN PLAY,HIGHER HIGH FORMTION IS CLEARLY VISIBLE
POINT (1),WIDE RANGE BULLISH CANDLES WITH GUD VOLUME WHEN PRICE MOVES HIGHER
POINT (2),THERE ARE FEW WIDE RANGE BEARISH CANDLE ON PULL BACKS BUT DID NOT SUSTAIN
POINT (0),FORMED A NEW HIGH AFTER WHICH PRICE STARTED TO CONSOLIDATE
POINT (A),IS THE LOW POINT OF THE RANGE WHICH IS THE CURRENT REF. POINT FOR PULLBACK STRUCTURE
1 HOUR CHART
POINT (A) REF. LOW FOR THE RANGE & (B) REF. TOP FOR THE RANGE
POINT (#1)INITIALLY PRICE STARTED MOVING DOWN WITH WIDE RANGE BEARISH CANDLES INDICATING STRONG BEARISH SEMTIMENT
POINT (#2) SELLERS BECAME WEAK WHICH CAN SEEN BY THE FORMATION OF HIGHER LOW FORMATION (POINT (0))
ALSO PRICE TESTED POINT (B) FOUR TIMES BUT CANNOT GO BELOW PREVIOUS LOWS (POINT (0))
POINT (*1) BULLISH WIDE RANGE CANDLE CAN BE CLEARLY VISIBLE
LOOK FOR ENTRY EITHER AFTER BULLISH CONFIRMATION CANDLE NEAR POINT (E1) (50% & 61.8%) LEVELS OR AFTER BREAKOUT (E2)
KEEP AN EYE ON VOLUME IN BOTH CASES
M&M | Triangle - Expecting breakout and could give us 10%M&M | Triangle - Expecting breakout and could give us 10%
The reason i'm expecting breakout is it has strong weekly support for the last 2 months - Switch to Weekly chart to get more clear view
CMP : 595
SL : 580
Target : 655
1:4 risk reward setup