BANKNIFTY LEVELS FOR UPCOMING SESSION Fabulous Recover in Last Momentum due Short Covering, But Still index is in pressure....Level re given on chart..... for any long position we need to observe the Composition and heavy weightage stocks of Index.... Play for Small profit with proper risk management. :)
NEED TO KEEP IN MIND THIS MOVE WAS DUE TO SHORTCOVERING.....
PCR : 0.75
Nse
KOTAKBANK - ConvergenceCurrently, KOTAK BANK Daily 20 SMA, 40 SMA, 100 SMA, 150 SMA, and 200 SMA are trading within 3% range.
Today's volume is the lowest in the past 6 months.
Today closed with Bullish Engulfing.
Currently Close is below Daily and Weekly 20 SMA.
Also As we can see Cipher Harmonic pattern formation on Dailly's time frame.
If crosses and sustains above 1854 levels -- we can see strong upside momentum.
Add to the watch list.
FACT - UP Side movement FACT is closing the current week with, Weekly High is equal to 3 Week back High.
Today volume is akso highest in the month on Daily basis.
Trend Changed to +ve Today.
Crossed Weekly and Monthly Pivots upside
Close is above 20 SMA on Daily, Weekly, and Monthly time frames.
Monthly & Weekly trend Changed to +ve
RSI- Monthly:56.2 Weekly: 53.2 Daily: 61.3
Crossing Weekly high and if sustained - we should be seeing 144 levels in quick sessions.
Add to the watch list and trade as per your research.
SWANENERGY - BO with High volumeSWANENERGY -- Crossed trendline, BO with High volumes. Add to watchlist.
2022-10-31: Volume is highest in the current Month. Trend Changed to +ve Today. Also, close crossed Weekly and Monthly Pivots. Close is above 20 SMA on Daily/ Weekly/ Monthly time frames. The monthly and Weekly trend changed to +ve. Also, VWMA on the Daily time frame crossed the Weekly upside.
2022-11-04 : Normal NR7
2022-11-08 : Normal NR7
2022-11-09: Close cross Weekly and Monthly Pivots Upside. Monthly RSI: 57, Weekly:51.4 Daily:54.7. Today Normal NR7 - Breakout
2022-11-12: Volume is highest in the past 6 Months. Close crossing 4 week High, Cross M Piv upside. Bullish Engulfing RSI- M:60.6 WK:59.5 D:69.3 1.1 VWMA on the Daily time frame crossed the Weekly upside.
Add to watchlist.
GREAVESCOTGREAVESCOT:- The stock has formed a pattern like double bottom pattern, the stock has also given a breakout, and the stock has also come for retesting.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Salzer Electronics LimitedSALZERELEC:- Stock has shown recovery by forming V shape pattern. 319 then 330 is buy price, with strict stop loss, Volumes are also being seen good,
keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
RAIN - possible turnout to downpour NSE:RAIN - Trading in the range from the past couple of days and yesterday(10-Jan)
on Futures - Price Breakout Upside above current JAN series and also previous DEC Series VWAPS from Below.
Also currently stock is trading above strong support.
The Breakout of the trendline should give us a good upside in the short time frame.
Once sustains above 182 - the next target is 206 and then 240 is possible in quick sessions.
Also - in terms of RSI on Daily, Weekly, and Monthly values - we can clearly see Daily RSI > Weekly > Monthly. And also recent crossovers.
Add to watchlist -- we can enter above the trendline and get wet in RAIN.
Vindhya Telelinks LimitedVINDHYATEL:- If you see in the stock, head and shoulder pattern has been formed, the stock had also given a breakout, but the breakout failed, but the stock has closed above the resistance even once, if the stock sustains, then we can make a plan.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Risk Management trade in Reliance.Hi there!
Let's talk about this small trade in Reliance.
Reliance CMP:- 2524.05
-->From 30th sep to 1st Dec Reliance has formed HH and HL and was in Uptrend .
-->Since then Price is in correction and approached 0.618 Fib level of that up wave.
What's in my mind?
-->If we observe the price action there is an untested demand zone at this 0.618 Fib area.
-->If we observe the upper 2 arrows those mentioned candles and and their volumes saying that there was some distribution happened may be reason for this correction
-->If we observe the bottom arrow that mentioned red candle with high volume is a support breakdow n and may be the stop losses of previous long trades
What's my point?
-->Even if price continues to move down I'm expecting a pull back before that and this Idea is actually trading that pull back.
-->If my analysis goes wrong and price breaches this demand area I will exit with my stop loss and enter at next demand areas with new confirmations.
Entry setup:
Enter Long: 2480
Stop Loss : 2425 (70 rupees per share and one can plan their risk accordingly)
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating.
Long term vision for D-MartAvenue supermarkets Ltd. has been proven to be a vital business for country's consumer and it will continue to be.
Coming under 'necessary retail' I expect it to get hit lesser in any black swans from here-on.
Fundamentals are healthy and the chart is in the process of looking better, good amount of correction is over.
Expecting a fall from here of ~10% in the weekly block. Expecting it to run to new highs in the coming year.
A gain of over 90% is what I aim for if we get to buy in low 3400s
NFA--DYOR--GL
GUJALKALI - Low Risk high reward tradeA bullish reversal pattern has developed over the past week on GUJALKALI at the demand line. It is clear that the selling volume has been exhausted and the bullish volume is rising. The area where the stock is currently struggling has previously served as a support / resistance zone and has been tested numerous times.
At the current price, we can plan a buy trade that could have a low risk but high reward.
My analysis is solely for study purpose; I am not a Sebi registered individual.
If my analysis proves useful to you, please like it and follow me on Trading View for more analysis like this.
Nifty Buying at Demand areaAggressive entry model because we will enter without confirmation.
pros: Small Stop loss and High reward
Cons: Does not need to respect the demand area and it may break it
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating.
#Nifty 4th Jan 2023 | Falcon Trader AnalysisHappy New Year 2023 - Follow me on Trading View for daily Nifty50 chart.
Nifty is moving in upward trajectory with major resistance taken in Daily Chart and now headed towards 18337 levels and further up to complete red 3 wave. Yesterday US markets were closed / and Dollar Index move today has been only favourable for Nifty50.
With earnings season coming up, it looks like we will have last attempt for the up move to complete Falcon Wave C (which is comprised of 5 waves, and we are in bigger wave 5th demarcated in blue, as we completed blue 4, now we are in wave 5 blue. This wave 5 blue will have its on 5 waves marked in red colours. Now we are in 3rd wave red. - as shown in the chart.
Drop your comments. From Falcon Trader, most of times you will only get one direction.
Always use stop loss. Trade at your risk.
JSW STEEL JSW Steel Ready to break out. Multiple time faced resistance price of 769 to 775. Once break out with the volume. it will shoot like rocket.
Keep Eyes on JSW Steel.
note : this is only for education purpose. do your own analysis before taking any trader and consult your financial advisor before taking any trade.
Nifty 50This is a risky analysis I was trying to fit patterns here but couldn't fit any and the best fit I got was The cup and handle and which might not be right here but it looks more likely to be good and the analysis is that the market is more likely to go up if external factors don't affect them. I've set up the targets for both Bullish and bearish market. You can have them for the options also which may work the same according to this.
And as I've always said I'm open for any suggestions, corrections and anything which can help me learn this. Also check out my other ideas on my profile