Good 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...
All 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...
All 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...
Good 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...
#AXISBANK is at resistance point of Rs.800. Currently under up trend, if breaks trend line with #widecandle then next leg of bearish will start. Expected point of bearish breakout at Rs.790.
#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...
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...
Closing 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...
All 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...
A 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...
Good 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...
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- ...
*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.
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...
Good 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...
KIRLOSENG - 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...
Triple bottom pattern breakout and build up in all time high zone. Tata chemicals is on its way to give big gains!