NSE-NIFTY
Airtel Wedge Pattern, will it break out and test ATH ?As we can see in the chart Bharti Airtel has been in the consolidation range insides the wedge for a long time now, one should wait for the break out above or below the wedge pattern, most probably break out can be expected above. For any break out above ₹560 should be strict STOPLOSS.
First, the target will be around ₹600-₹605 regions.
#NIFTY #BANKNIFTY #NIFTY50 #Equilibrium #INVISIBLEHAND #NSE Market at Equilibrium with perfect consolidation triangle
Next Breakout will decide the future
Good time to trade options
Greed Equates Fear
Neither higher demand pulling up prices
Nor higher supplies pushing down prices
Adam Smith - Invisible Hand
Wave-Projetion on NIFTY for "Swing Traders"...!
50% retraced 4th wave - 8957
61.8% retrace 4th wave - 8741
Wave 1 and 2, both connected parallel chance for finding 4rth wave. Intraday support 9100 nearby.
Short Sellers: first target 8965-8935 after breaking down the channel.
Next long position Trade Setup have two option :-
Buy 8957nearby with minor stop-loss and,
Last buy 8741 with stop loss 8700.
Actually I don't prefer to give both side trading levels, but above all levels are my planned to read and I am going to disclose with you. I will update if I take a position at any of the above plans.
Note: minor channel is not varified, its only random prediction.
J.B. Chemicals & Pharma | IH&S Pattern Spotted.- JBCHEPHARM formed an IH&S pattern in continuation Bullish Run.
- Usually this pattern occurs when market bleeds and shows the reversal signs.
- This pattern can formed in continuation rally, which shows the momentum is good with the stock.
- I'm adding some buy bid here and laddering them till the neck line.
- Keeping stop loss below the formed shoulder and target = height of head.
Good R:R Here.
The mainly four Fib. Retracement are applied.The mainly four Fib. Retracement are applied in different years.
confluence zone at 9647.
38.2 retracement level is at 9395
previous resistance and 61.8% retracement level at 9067.
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Question is how to understand and use these levels?
Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can be 38.2% retracement. Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors.
I would like to add GAP theory on with retracement in another chart .
Look at this stock.... amazing RS. 7Are you ready to invest or not? just comment please.
As an Investor, YESBANK is not good to buy at this cheap rate Rs. 7 or Rs 5?
I can give you trade SETUP (is it good or not? please reply)
Buy Yesbank @ Rs 7.5
buy second trade YesBank @ Rs 6
buy 3rd trade YesBank @ Rs 5
Do you remember SATYAM COMPUTER?
NIFTY Risk/Reward Intraday Play for 18 Dec,19UZone and Lzone are so close, its going to be difficult to trade if tomorrow's a low momentum day.
Newbie 101 : For those who can relentlessly track a chart throughout the day. Shift to 5 mins , and put a 50 period EMA . Do some analysis around it, maybe add something of your own to it (athough, if I personally want to take just one trade per day, that EMA alone is more than enough for me).
6 out of 10 days you will get opportunities. That's where and how you start.