Nse
NSE Adani Ports Is Growing But The Truncation level is there Key Level: 824 & 853
Adani Port has broken down the corrective wave X and started forming an impulse wave ((5)).
Price had broken down the 8-month-old correction, and Adani Port surged rapidly. Adani Port can u-turn from 1.618% at 1049 . It is a reverse Fibonacci of wave ((4)). Currently, the price is at the 78.6 % reverse Fibonacci level at 853.
If Adani port fails to break the previous high at 901 , there will be a case of truncation. It shows that the current impulsive move has a lack of demand pressure. Then the decline will be 3x more powerful than the normal corrective wave.
Indusind Bankscript was in a long consolidation below 200 EMA. By giving a huge volume breakout from a wide supply zone of 1000( Big round number/psychological level), we can safely say that a momentum can take place on upside in upcoming weeks.
Enter accordingly near 1010-1015
Tgt for 1130/1185
SL of 950
Though with high volatility in markets now-a-days, and where many breakouts failed frequently and miserably. We should control the position size in such breakouts according to current market structure.
Happy Trading :)
Disc: Chart posted only for learning purpose.
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 1-05-2022LEVELS 29-11-2021 NIFTY
RES- 1. 36220
2.36440 17130
3.-------- 17220
SUP-1.35920 17000
2.35750 16960
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Flag and Pole Pattern in BSE - Daily Time FrameNSE:BSE
BSE is making strong flag and pole pattern on daily time frame. This pattern BSE was making from March start and completed the same in April last. Go for Long from here.
Current Price: 899 rs
Good Entry Point: 840 - 870 rs
Target: 950 rs - 1060 rs
Stop Loss: 800 rs
Probability: Positive for Long position
Risk Reward Ratio: 1:4
Volume Breakout: Massive. Around 10 times more than the average daily volume.
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.
Happy Investing..
FOCUS INDIAN HOTELS MakkaleVanakkam Makkale, this is vijay. Yep we all know that Nifty in consolidation mode and our only way to make profits are option selling,swing trade under stock specific and finally none other than investing for long term.
Indian hotels looking nice in weekly makkale,focus and also do your own analysis too.
Infosys : Long opportunityInfosys is facing heavy selling laely, and is approaching good accumulation level. The idea is to target a minimum of 10 percent in the given trade setup.
Divide the entry into two legs. The first entry should have half the units you plan to buy at entry 2.
Levels posted on chart
NMDC: Perfect Inverted H&S on Daily TimeframeFundamental Understanding: Higher commodity prices command a greater profitability to the miners. NSE:GMDCLTD rose by 150% in the last 4 months 75 trading sessions for the same reason. NSE:NMDC has a ROCE of 29.6 % and ROE 21.8 % and is almost debt-free (Debt to Reserves is quite low).
The chart forms a perfect head and shoulders pattern on daily timeframe. The price has broken out the neck and is now retesting with reasonable (low to say) volumes. FIIs have increased their stake by 30% QoQ and the navratna PSU looks clean to benefit from the rising commodity prices. Expecting a good upmove due to rise in commodity prices over the Jan-March 2022 quarter. Look out!
For FnO trades, one can take a risky trade with 147 daily closing SL and for the target of 189. For Cash trades, keep adding till ATH for new aggressive moves beyond that.