Long Setup in Choice InternationalAn On Neck Chart Pattern Breakout happened on the Weekly Time frame of NSE:CHOICEIN
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
Niftysetup
Simple Trade Setup | NIFTY | 18-04-2023 [INTRADAY]NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
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Trade Setup for 18-04-2023
Most of all the levels and zones remains same as per previous.
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.
NIFTY ANALYSIS FOR 19/JAN/2023
As on today 18/Jan - Nifty was trading within 45 points range 18180 - 18137 lvl from 11.20 to 3.30.
Dow is -391.76 (-1.14%) as of 3.30pm. Dow is falling & Nifty is going up, we can expect some big moves in Nifty in the coming days.
Kindly trade with less quantities with strict SL in the current market condition.
This is just my view of NIFTY. Do your own analysis and trade!.
Nifty-23/09/2022-LevelsHello Traders,
Welcome to SriTrader5121
Nifty-23/09/2022-Levels
If market open as a GAP-UP and moves to UP-Side then BUY with the
Support of PDH and SELL with the Rejection of S@1.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the
Support of PDL and SELL with the Rejection of PDL.
NIFTY 29 AUGUST 2022Guys today onwards i will be posting charts of SPOT instead of FUTURES. As maximum of my followers are demanding it to plot the zones and levels on SPOT, which makes them easy to trade all instruments, as due to Cost of Carry difference between SPOT & FUTURES, they are unable to follow the level on charts.
NIFTY INTRADAY TRADING 15MIN CHART - BAHAVAN CAPITAL - 27.06.22Today Entry was due to breaking of Descending Triangle by 11.30 am.
As Such market is any Rise, then Sell mode and tomorrow iam anticipating a Gap Down to fill the Gap due to today's Gap Up.
However market participants are always unpredictable and as we don't have control on any of the candle Sticks which are forming.
Will post levels during the market hours. So all we can do is only anticipate.
Happy Trading...
NIFTY FUTURES 27 JUNE 2022YESTERDAY NIFTY 24-06-22
First of all guys sorry for drawing two zones late and updating in live market. any ways market remained between my levels 15608-15743 to be precise, and kept consolidating.
Nifty on Monday 27-06-22
Just observe the blue lines and curves, it is an inverted head and shoulder and break out of the same has been confirmed on Friday 24th June itself.
i expect a strong gap up on Monday, above my zone of 15820-15865.
We have 15948 & 16062 as strong reversal points, let's see how it works out. Also mind well that 15865-15820 will work as strong support.
NIFTY FUTURE 20 JUNE 2022NIFTY TODAY 17-06-22
Whole day Nifty was stuck between my zone 15369-15333 and lower side of my down trending channel, it tried breaking it twice but was in vain.
#POWER OF TECHNICAL ANALYSIS
NIFTY ON MONDAY 20-06-22
If you observe closely Nifty has formed a perfect Bear Flag Pattern - BLUE HIGH LIGHTED LINES.
Getting ready for the down slide. i was expecting the breakdown today itself, but it didn't.
There are higher chances it may respect the bear flag and slide down towards 15000.
Don't miss the channels along with zones before taking a trade decision.
#Nifty-30/05/2022-LevelsHello Traders,
+++++++++++
#Nifty-30/05/2022-Levels
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If Market Opens as a-
GAP-UP: Support of PWH (BUY) – Rejection of PDH (SELL)
FLAT: Support of PDH (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
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SHORT FORM &FULL FORM
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PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Nifty view for 12/04/22.Nifty is taking support from the support zone 17625-675.
It has closed just near the support zone and 200ema on 15 minute time frame and is taking resistance from 0.382 fib levels.
Support :- 17625, 17500
Resistance:- 17795, 17910
Market has consolidated and can go trending as the expire is also on Wednesday.
Wait for the price action near the levels before enter The market.
Nifty view for 01/04/2022Head and shoulder break down in nifty and can crack more if it breaks its 50Ema on 15 minute time frame.
After 3 day, nifty has closed below its 20 EMA on smaller time frame.
Nifty has stretched a lot and can cool down tomorrow.
Support :- 17450, 17406, 17320
Resistance:- 17500, 17590
Wait for the price action near the levels.