IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️🗨️ 2024-2025
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "340".
Avoid Trade untill PROPER ENTRY level.
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Entry: 340
target: 400- 420- 478
sl: 315
major stoploss/ support: 290
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Enter only if market Retrace and Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer our old ideas attached below for Backtesting
Niftyfinserv
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.
NIftyFinsrv; (Weekly); Bearish :Finnifty (weekly )
More probability is there for "Bearish "
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For " Short "
entry: 20450 / 20700
target: 20055 / 19760
stoploss: 20550 / 20780
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For " long "
entry: 20800
target: 20950
stoploss: 20700
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Enter only if market Breaks
"Yellow box" mentioned.
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wait for proper reversal and conformation.
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don't be aggressive.
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refer old ideas attached below.
Banknifty ( Mostly Bullish ); Intraday.Banknifty .
Enter once after " Breakout and Retracement ".
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For " long "
entry: 45410
target: 45575 - 45760
stoploss: 45200
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For " Short"
entry: 45230
target: 45020 - 4487
stoploss: 45350
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
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refer old ideas attached below
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.
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
KEY SUPPORT / RESISTANCE LEVEL (FNO) FOR 20 JAN 2021 + CNXFINBel 140
Banknifty 33000
Ntpc 100
Itc 220
Idfcfirstb 50
Torntpower 340
Tatamotors 260
Siemens 1700
Recltd 150
Bergepaint 800
Godrejcp 800
Pvr 1500
Tcs 3300
Zeel 230
Voltas 920
Tvsmotor 520
Dabur 550
Hindunilvr 2400
Pel 1600
Reliance 2000
- Above is an important level that is highly likely to act as support / resistance for intraday purposes
- Price reversing / breaking these marked levels can yield big moves
- Please use your own set-up / indicator(s) for further confirmation
Possible Ascending Triangle pattern by NIFTY FINSERV12016 has been established as a decent resistance by NIFTY FINSERV (owing to the heavy consolidation around the range on 21st Oct).
An Ascending triangle pattern can be drawn over the chart with the top at 12016 levels.
However, if the Gap-up opening on 23rd Oct is to be neglected, then it could also be a simple triangle pattern with a tilted top as opposed to a horizontal one formed by the swing highs on the respective days.
Possible levels for confirmationm of breakout/down.
Breakout - 11990 (Aggressive, Minor resistance formed at that level but presence of 12016 above makes it a risky break), 12017(Conservative)
Breakdown - 11910 (Aggressive), 11879(Conservative)
Just another beginner trying to find my way around Pattern Analysis. Looking forward to corrections and insights.
Cheers ;)
Money Flowing Bank Into Nifty Financial ServicesIn this chart of the Nifty Financial Services Index vs Nifty 100 ratio, we see a bullish momentum divergence as prices stabilize above a confluence of support. Prices staying above their recent lows signals outperformance is likely from this sector of the market, at least in the near-term while money flows out of areas that have run a lot like Nifty Pharma and Nifty Fast Moving Consumer Goods. Strength in Financial Services will be a tailwind for the Nifty 50 and broader indices given it's the largest sector weighting at ~33%. Our Nifty Pharma and Bank stock ideas related to this thesis are below in the "related ideas" section.