Selling opportunity in Nifty Expiry dayA 15min candle close above 17560 will indicate a bullish scenario.
Otherwise We can take the risk with a small SL
All the details are mentioned on the chart only
lets see if we can secure this trade with at least 1:1 RR.
I am posting this for Live testing purpose.
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
Nse
Intraday Short opportunity in NIFTY All the details are mentioned on the chart only
Worth a shot with low SL
lets see if we can secure this trade with at least 1:1 RR
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
BANKNIFTY LIVE LEVELS FOR 19-10-2022We have seen a Strong Up move and today itself HDCF and AXIS Bank are strong which are Supporting BankNifty...Now on Intraday Level a Inside Bar have been formed on Hourly time-frame ,levels are given on breaking either side Safe position can be taken...
Play with SL :)
Can we see some profit booking in Axis I know I know I know that price has formed a inverse head & shoulder and all
-->But if we observe recent rally there is no profit booking and price is at major supply zone.
--> We will get better RR ratio if we short here and if the plan works.
-->So Idea here is Sell CMP @812-814 level
-->SL - 820 level.
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 only price give closing above supply line then we can plan for longs.
NIFTY PRE MARKET ANALYSIS 18/10/2022 E4Good Morning Everyone,
-->Nifty continued to maintain higher levels and given a good closing
-->As I said in Nifty short term view We have to change view once Nifty give closing above 17450
-->Strong Sgx gap up indication & there will be a short covering move possible to the upside.
-->From the opening look for buying opportunities 5 min candle range breakout or 15min candle range breakout should work today
--> 17600 and 17650 Flag upper trendline will act as a resistance now.
Trade Ideas;
-->Look for Buying opportunities at 17450 and 17350 levels.
-->Look for shorting opportunities at 17600 and 17650 levels.
Note: All this pattern looks like a Big Inverse Pole & Flag Pattern .Again pattern changing everyday :)
This weeks expiry is crucial for the direction.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
Selling opportunity in NiftyAll the details are mentioned on the chart
-->Wedge Formation breakdown
-->SL on 2nd resistance
-->Entry on retest
-->Overall good setup. Except Buyers are in control till now But this SL worth the shot
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
I will be updating
Selling opportunity in NiftyAll the details are mentioned on the chart
Entry after facing rejection
Cons:
Against the trend
Sellers are already trapped at day's low
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
I will be updating
NIFTY Pre Market Analysis 17/10/2022 E3Good Morning everyone,
Keeping SGX Nifty in mind (17070 levels) Lets say Nifty will have a gap down of approx. 100 points
-->Nifty will try to open @ 17060-70 levels
-->We will be almost opening near support zone.
--> Unless it breakdown 17000 level on stays there for min 15 mins there shouldn't be any shorting .
-->After opening,
--> If market shows bullishness like 5 Min range breakout/15 min narrow range breakout then we can go long with Stop losses below the range.
-->Targets would be as mentioned on chart.
-->After opening,
--> If market goes to test 17000 level (good demand zone) ,Here wait with patience if market shows bullishness(forming bullish candles or
breaking previous highs on 5m TF) then we can go long with SL placed below 16950 and the Targets would be same as mentioned on the
chart.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
BNB - STRONG RESISTANCE#BNBUSDT - Strong resistance at $300 and support at $260 , if $260 breaks then next strong support seems at $220. Global maket currently in bearish sentiment.
Global News: *Russia, Seems to talk about peace negotiation with Ukrain if international countaries acts as intermediation (Mild Bullish)
* Strong inflation and its persistance will hike more interest rate. (Bearish)
Technical Analysis: short term bullish (2 to 3 Weeks) long term Bearish(2 to 3 months).
Nifty Short Term View.Things to Remember:
-->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash".
-->No one was correct/is correct or will be correct all the time.
-->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance.
-->With the same data / charts available there will be another analyst, he/she will be having other opinions.
-->So Trading is quite difficult.
-->So my plan here is to give my point of view and it will change with time accordingly.
-->Zoom in/out and keep the chart as comfortable as possible I have drawn as few lines as possible to make you understand
Nifty Short Term View:
-->What if 15200 is start of an impulse wave?:
-->From 15200 to 18100 level will be consider as an impulse wave(Green Eclipse) (itself having several sub waves in shorter time frames).
-->Practically after a wave 1 ,wave 2 will be a corrective wave and it can retrace back to any where near 38.2% to 100% of wave 1 .
-->Wave 2 will be a corrective structure of 3 sub waves. (WXY) as shown in the chart.
-->Now W wave has 3 sub waves and structure is completed.
--> X wave is sort of forming a horizontal triangle
-->Price touching "d" and retracing back to 17300 level will complete this triangle pattern.
-->If the triangle pattern breaks down as shown in the figure and if next wave "Y" can have a same projection as "W" then can complete following structure as shown in the chart
-->This will indeed complete the wave 2 of larger time frame by coming inside 61.8% od wave 1.
-->What if Nifty gives closing above 17430 - 450 levels ?
--> Better to cover all shorts and I will looks into my charts all over again!
-->In these volatility it's better to trade at the extremes with low SLs. Plan the trade Trade the plan
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
Selling opportunity in NiftyClosing above the red line will be first sign of bullishness
-->IF we get rejection at 0.618 levels in 5 min TF and candle should not close above red line
All levels are mentioned on the chart it self.
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
I will be updating
Shorting opportunity in bank niftyAll levels are mentioned on the chart it self
Safe players can wait for a pull back and enter as per levels
Risky people can enter according to their risk management.
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
BANKNIFTY LIVE LEVELS FOR 14-10-2022A Huge gap. Market is volatile and behaving on many international sentiments and US statements. Now Till Diwali Sentiment to remain positive of Indian Market..Important level to for Upside is 39606 and As per Option Chain Data Range is 39500 Resistance and 39000 Support on breaking these level Option Buyer Will Get Huge Momentum.
BankNIfty Stock looking Stable if Banknifty sustain to currently high level at EOD then Risky Player Can Carry CALLS or Longs on Future
*****EDUCATIONAL*****
NIFTY PRE MARKET ANALYSIS 14/10/2022 E2Good Morning Everyone,
-->If we observe price action yesterday, in the second half Nifty started showing bullishness. Price has failed to break previous low and started going up till dynamic trend line.
-->So everything together formed big double bottom.
-->After seeing SGX Nifty yesterday at 16800 I thought today will be completely different day. But SGX Nifty turned around and went all the up to 17280 -17300 levels.
-->After breaking the trendline now price will try to shift the zone first.
--> Will the gap up sustain?
-->If we measure the distance from yesterdays closing and to todays opening (say 17280 -17300) It will be more than 1% increase.
-->Things to keep in mind today.
--> 5 Min breakout or 15 min Breakout should work today.
If price breaks 5 min candle or 15 min narrow range breakout we can enter the trade in the price direction.
--.If the price comes down after opening to neck line then look for buying opportunities.
If price start going up
Resistance 1-17350
Resistance 2-17425
If Price start coming down
Support 1-17140 - 17170
Support 2-17070
-->When the market is live observe the price action whether it is creating higher highs and higher lows or lower highs and lower lows . You will get all the answers.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
SPARC : on BO line Based on the past couple of days' momentum of SPARC, high probability of crossing the resistance. If sustains above 242, we can see 263 immediately and may test 290-300 levels.
2022-10-13:
Close Crossing 4 week High, Also daily close forming- Shooting Star
On Daily daily and Weekly time frames close above 20 SMA
Also Close crossed Weekly SMA-13 Upside RSI- M:50.6 WK:51.9 D:58.9
2022-10-12:
On Daily time frame SMA 13 crossed SMA 55 from Bottom
RSI- M:49.5 WK:49.1 D:54.6
2022-10-10: Close Crossed WK & Monthly Pivots Upside
RSI- M:49.2 WK:48.3 D:53.4
Add to watch list
RELIANCE testing its All Time High
*Reliance getting rejection from its All Time High (2850 levels)
*Impulse down move from its ATH & looks like its it correction phase.
*Selling pressure can be observed once it breakdown its current trendline.
REMEMBER: Perfectly timed entry and exit will give maximum R:R.
Buying Opportunity in NIFTY All details are mentioned in the chart
SL is low worth a shot
Index showing somewhat bullishness. If our view is correct we can ride a good intraday rally
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.
Nifty Expiry Day Pre Market Episode 1Good Morning Everyone,
If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁.
Retest is in the form of one of the triangular patterns.
-->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's.
-->If the price breakout of the pattern to the upside it will just go into a major supply zone . If any rejection from there it will move the market down.
-->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped.
-->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs.
-->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade.
-->If the price is above the line BUY if the price is below the line SELL
-->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
KIRLOSENG - Possible BOKIRLOSENG - today 9.72% up with good volumes.
Today(12-Oct) volume is the highest in the past month.
ADX : 4.9 - DI+ 30.5*
On Daily and Weekly time frames, SMA 15> SMA 30 & SMA 25 > SMA50
Close is above SMA D-20, SMA W-20, SMA M-20
M/W/D RSI>60 - Daily RSI crossed - 5 days Back
2022-10-11:
ADX is increasing - 33.4 - DI+ is 28.0*
Close is crossing 4 week High
Price is Out of Squeeze
Close is above 20 SMA on Daily/Weekly/Monthly time frames.
Above 297 - we can see further upside. Add to watchlist.