ABDL: Bullish Setup Post-BreakoutABDL: Bullish Setup Post-Breakout 🔥📈
✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum.
✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support.
✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook.
✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest.
✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend.
🎯 Key Levels:
Entry Zone: ₹395-396(Safe Players wait for a day close)
Target: ₹471-480 (Medium Term)
Stop Loss: ₹359 (Closing Basis)
💡 Risk/Reward:
Risk: ~9%
Reward: 38%-50%
📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
Community ideas
Today's move on HINDPETRO vs NIFTY on 13th DECIf you can spot the similarities, you know what to do.
I will attempt a sell at 0.786% retracement level with the SL of swing high..
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Nifty at support level againPosted a chart earlier when nifty was at 23, 600 hoping that it would take support from the trend line and 200 SMA, which it did.
After giving more than 5% returns from that level, nifty has retraced back to its support level again close to 23, 800.
Time to look for reversal signs
NETWORK 18 TURNING BULLISH WITH WEEKLY ABCD & SUPERTREND BUYNetwork 18 Media & Investments Ltd. is an interesting chart with following
1. RSI on all time frames almost at or above 60 (DWM)
2. Price Gaining Momentum with rising volumes
3. After a long consolidation of price between 77-95 zone since March 2024, Price made a breakout from the range last week with volume
4. Super trend on weekly turned positive
5. Narrowing Bollinger Bands on weekly chart and price walking on upper band
6. Cluster of moving averages support in 85-89 zone 20, 50, 100, 200 day simple averages fall within this zone
7. ABCD Pattern under formation on weekly chart
Can be a Good Risk reward to buy on dips and dips only
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NIFTy Hourly Retrace 61% swing Set upHello everyone,
Nifty falling 3rd consecutive day from 24660 to 23880 reatrace 61% fibbonacci and RSI also overold for hourly chart sustaining above 24000 give more power to buyers,
fed cut the rates by 0.25basis but commented no changes in coming year leads to fall of global markets,
expecting upside swing momentum till 24500,24700,25000. below 23800 go more panic for 23500,23300,23000
The new kid on the listed hospitality spaceA professionally managed, highly leveraged, growth oriented, asset heavy, recently listed domestic focused hospitality company, SAMHI enjoys high operating margins only to see its net profit dwindle due to depreciation and interest... company has some marquee investors like Madhusudan Kela, Govt of Singapore and looks to be undervalued relative to its peers..
Technically,post listing there seems to be a triangle in formation and recenty the stock broke out of a base pattern...
my thesis for taking position is an early entry while it seems to be within a triangle in formation based on the base breakout and waiting for the triangle BO confirmation by about 21st Jan 2025... the target I am looking for is 300+
stoploss is a bit deep..time based (22nd jan) and price based, if it rejects the support line, whichever comes early...
Marine Electricals-Exhibiting good Price Action. Positional Pick
✅Successfully completed a breakout and retest.
✅Demonstrating strong resilience in a bearish market.
✅Forming an Inverse Head & Shoulders pattern.
✅Gaining momentum with increasing volume and
price action.
❌ The market is in a profit-booking phase.
❌ Be cautious while entering new trades.
Entry: 335.5
SL: 281- Day closing basis.
Risk: 16.6%
Reward: 31%
RR: 1:1.8
Note: This chart is shared for educational purposes only. Please conduct your own research before making any decisions.
Professional Out Look I have made efforts in Explaining my views , and also try to explain the reason for my current view
One can learn few thing how the market behave , some times Truncation can occur in Corrective pattern , which is common but many fail to understand it because the Books published do not give in deep understanding of reason for Truncation
if you have any Doubts or Questions please feel free to ask
Thanks
New Tax system (Expectation Beyond Reasons) New Tax code , New Tax rate has put every single investors to Large Fund house in an
very competitive edge
Retail Investors Expectation of rally ahead is cut short by further accumulation of Institutional
I view this drop as an opportunity where your investment at best cost is always gives Good revenue
This is not an Technical chart , but rather you consider an upcoming event can cause this drop
I really wish you all to take benefit of this drop in case you have Sufficient back up Funds
if you are already in the stocks put a stop at cost and see what happens
Good luck
Triangle Pattern breakout in ZEEL 1Day Time-frame Over the past few weeks, ZEEL stock price was consolidating, forming a symmetrical triangle pattern. The support and resistance levels were gradually narrowing, showing that the stock was gearing up for a big move. we are not a sabi Reg........ Thankyou
Bank Nifty - Intraday levels for 19.12.24Hi,
* Bank Nifty intraday key levels for 19.12.24
* Please mark the levels in your chart and get prepared for tomorrow
* These Support and Resistance levels have good accuracy.
Resistance 52560/52850
Support 51935/51750
* GAP ZONE 51693 - 51271
Regards
Bull Man
Insecticides India - Bullish OpportunityWe have a bullish opportunity for Insecticides India - positional long:
- Trend seems to be upwards on Monthly and Weekly TFs
- On 1 Day TF, we have price reacting upwards from nearest 1-D Demand Zone
- As per Elliott Wave model, price is forming bullish impulse wave upwards as shown in the chart. Currently, it seems to be just starting to initiate a 5th wave upwards on 1-D TF
- We will wait for proper impulse formation until price crosses 855ish and then time an entry on hourly or 75 Mins TF chart. As of now, this is on my radar/watchlist.
R-Power Bullish opportunitySince, there is a good flow of news on this stock, let's analyze it from technical standpoint for positional long bet.
In the chart (Weekly):
- We seem to be in primary impulse 3rd wave of which we have created sub impulse waves 1-2-3-4 (colored in yellow)
- The yellow colored 3rd may have either terminated at 50 and is coming towards 34 for completing yellow colored 4th wave OR the price may go up from here itself and touch yellow 3rd wave of target of 60ish and then some consolidation may happen
- Also, note we have a good strong weekly demand zone at 32-34ish and price if enters here again, can be a good long bet with excellent risk reward
NIFTY50 - ASCENDING CHANNEL - MONTHLY CHARTNIFTY50 - ASCENDING CHANNEL - MONTHLY CHART.
Nifty is currently trading within an ascending channel and remains significantly above the 50 EMA. On the weekly chart, it is forming a double bottom pattern.
The recent market decline is attributed to the US Fed's rate cut and hawkish commentary. Based on technical analysis, open interest (OI) data, and market news, there is a likelihood of the Nifty reaching the 23,000 level.
*This analysis is based on my personal understanding and for learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.