NIFTY FINANCE BULLISH CE BUYAfter a fall, it's evident that the downtrend has reversed with a trendline breakout. Drawing Fibonacci retracement from the low point to the high point shows a 0.6 retest and an upward movement. Additionally, on January 17th, 2024, there was a significant gap observed. If the resistance level is break, we can expect to see a large candle towards the upside. Keep FINNifty CE on the watchlist and wait for the breakout . After the breakout, we can consider entry.
Remember: Any patterns, trendlines, or support and resistance levels that break with strong bullish or bearish candles are considered valid breakouts, indicating potential entry points. The breakout candle should ideally be a strong one, and the breakout line above the candle should be at least half the size of the strong candle.
Note: I will maintain charts in a simple way. Only those with basic knowledge of technical analysis will be able to understand what I am posting.
Niftyfinance
CNX FINANCE TECHNICAL SETUP - The Finance Index is currently trading in a range
- IMO I think we can break down and see a breakaway all through the downside
- It's going to be important to notice what the price exactly does
- I have drawn two paths let's see which one plays out, I am bearish already for long-term Investments.
- I would prefer sitting cash for the next two quarters before I pool in money for my long term Investments
CANARA BANK - 65% RETURNS!!!BUY - CANARA BANK
CMP - Rs. 313
Target - 1: Rs. 425
Target - 2: Rs. 518
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Technicals - Cup and Handle Pattern
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Note: Both Targets will be achieved in 9 months - 1.5 years.
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This is just a view by an expert analyst, please invest at your own risk.
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Simple Trade Setup | FINNIFTY | 11/10/2022 [INTRADAY]NSE:CNXFINANCE
Trade Setup for 11-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | FINNIFTY | 04-10-2022 (EXPIRY) [INTRADAY ] NSE:CNXFINANCE
Observations:
1) On 15 min TF we can see a trendline.
Please refer below chart : 15min time frame.
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Trade Setup for 04-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BO in IBULHSGFIN.There is an Ascending Triangle Pattern Breakout given by IBULHSGFIN on this Friday on weekly chart. So, I think we can see more upside levels on this counter.
First Targets :- 310
Second Target :- 360
Third Target :- 425
Stop loss as per risk appetite. Support is around 220.00
📊#Nifty Finance intraday levels for Tuesday 18-01-2021NSE:CNXFINANCE
📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas.
if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. even one use their own trade setup with these levels. everyday levels are different and same way the candles which gonna be formed on support or resistance can be different so cant say here perfect numbers to buy or sell or stop loss . hope one can understand that better to trade with own wisdom in live market even check future chart as well for better profitable trade.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.