Expected break unfolded, we are out of the congestion part of smaller degree wave ii In the third wave which can accelearte break below 1.2640, while the 1.2690 holds any rally. The targets range min 1.2625-1.2600-1.2570, Only daily close above 1.2710 negates this view. Extremes moves can stretch towards mid 1.2500 area
Nifty reacted exactly from the 15m demand zone and the 5m supply zone mentioned yesterday. If Nifty opens flat or gap-down and breaks yesterday's low of 23,442, we might see a fall to 23,369 and below. The weekly trend (50 SMA) is positive, but the daily trend is still sideways. Support Levels: Near Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand...
As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel. If we look at the chart now: The market is trading inside the indecisive channel zone. By the time it's in the channel, it's going to be a roller coaster sideways. If the market breaks the channel to the downside, it may lead to a good fall till 200...
I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later. No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell. Pattern: Falling...
Here is why we are super bullish on Globus Spirits: 1. This stock has corrected deeply from the top (61.8% Fib). 2. Falling wedge pattern (proper buying angle). 3. Hidden bullish divergence. 4. Wave analysis: The stock has completed Waves A and B, and is now ready for Wave C. 5. Ichimoku turning positive. We see great risk-to-reward in this stock. It has the...
Today will be announced the number of applications for unemployment benefits. This index will tell us how the current economic situation is affected by the Fed's policy on interest rates. If these indexes decrease, it will tell us that the Fed's recent policies have not had a large impact on the economic situation, which will create conditions for the Fed to...
Nifty formed a inside bar and forming indecisive candles since 4 days feeling some Supply is happening at higher prices. A head of Budget i see it may be volatile hunting stop losses, as per PCR it still has room to go upside but possibility of pullback is also can happen due to RSi Divergence. Wait and watch is suggested for safe players just a view not a reco...
Markets most importantly banks go YOYO moves, as well as select sectors like Fertilisers. Make believe world. Our own NVIDIA movements in some places, forgetting the high and mighty at international world could not achieve that. Concerns on speculative futures and options to tax them galore, not sure who is afraid, when the broader market is, tell me what next...
As we can see NIFTY had been following the structure since last week now and has been more like sideways ever since. Finally after a series of channelised consolidation, we can expect a break anytime sooner in NIFTY with directional move so we can make any new position on either side break so plan your trades accordingly.
usha mart now in retest zone...its ready for flying...correct time to buy this stocks
LICI is consolidating for almost 130 days (Good period of consolidation) after giving 100% move in 80 days. -In DTL, BO anticipation if retest again. -Good shakeouts -1003 good support (AVWAP from ATH)
On weekly chart i noticed Dragron fly at Demand Zone and for short term some bounce can be seen and sustaining above levels and making Higher high can make a Mid term view for Longs. Just a View not a Reco...
IEX been moving well and could breakout of triangle pattern 📐
June 21, Longest day, T Shirt Day, Music Day, Full Moon Day and Yoga Day. Wear Hear Feel and survive, TGIF. The last near five plus trading days, it is clear the Fade the open rally which is visible. We posted the same. Volumes are a concern in this up move, despite the sparkle in many places. Weeklies are near Doji as of now. Doji in itself is not a bad or...
Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement & daily candle to close above - "315" . . If you are interested in investment, go for it with proper risk, . . Overall " biocon" fundamentally good stock. . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and...
Add this to watchlist and wait for entry.👁️🗨️ For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - " 110 ". Avoid Trade untill ENTRY level. . Entry: 110 target: 120- 144-150 sl: 102-95 major stoploss/ support: 94 . . Enter only if market Retrace and Breaks "Yellow box" mentioned. . . Don't...
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD A good Buying detected on BTCUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE...
CMP 238.30 on 04.06.24 A long setup is spotted on the charts. If crosses and sustains above 248, the next target can be 300+. Skill in position sizing and accumulation is needed in this trade setup. Let this understand - We have to buy from 238 to as low as 222. We have to buy in a way that at the time when the price drops to 222, our risk-reward ratio should be...