Price Observation & overview: 1. W stricture formed, overall bullish. 2. Good volume breakout will be needed to ensure buying strength to continue else will avoid any entry. 3. As of now no entry, I will keep it in radar and set an alert for breakout. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Please consult your financial advisor before investing.This is only for learning purpose of chart. We are NISM certified EQ and MCX trader but SEBI register not investment advisor. You can connect me on INSTA for further query at _prem_.23 IT giant once again being ready for big move
Reason for shorting: As per Elliott Wave theory, Bank Nifty has completed the 1, 2, 3, 4, 5 moves, and wave 5 went up in a contracting triangle ED (Ending Diagonal). It has completed a degree, and now we are expecting a correction. Based on Fibonacci retracement levels, our minimum targets are 0.618 and 0.786. Time Frame: Weekly Stop Loss: Above ATH...
#HFCL trading above Resistance of 111 Next Resistance is at 185 Support is at 75 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This...
XAUUSD can be influenced by global news and economic data releases, but its price does not fluctuate as rapidly as that of stocks, cryptocurrencies and other risky assets. In times of economic uncertainty, investors use gold to save their funds. Knowing their funds are safe.
Good breakout Expecting good returns A good turnaround company Dips can be used to accumulate
BankNifty has shown a solid breakout after the triangle structure. According to wave analysis, the triangle could be the 4th wave, and the breakout pullback could be the 5th wave, which is also a distribution wave. However, there are two subwaves pending, so if the market sustains the gap-up, we can expect a pullback rally with minor consolidation around the...
Short Term Trading Advice by Goodluck Capital Buy Power Grid Corporation Buy Range- 325 - 330 Target- 344 - 348 StopLoss- below 313 Potential Return- 6-7% Approx trade duration 10 - 12 days
Reason for Going Long in Nifty: Wave Analysis: Nifty is rising gradually in a 12345 wave pattern after a quick crash on June 4th. Wave 4th was a time-wise correction and spent one week in a small range. Target: The 127% Fibonacci level is our first target. If Wave 5 extends, we can aim for 24600 too. Stop Loss: We will exit the long position if a 1-hour...
Price Action has gone through multiple contractions since 2019 and is now poised to breakout of a major supply zone. Though Price action has broken the barrier, will still wait for a day to confirm a true breakout First contraction was close to 72%, followed by 50% during 2023 & finally reduced to 28% before giving a breakout. Squeeze kept getting tighter for...
Today we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
My view on this script bearish . Ofter tight consolidation it gives strong breakdown with good volume. Target 1 :178.47 Target 2: 177.37 S L :181.16 Entry :179.99
Bank Nifty was trading in a small range for last few days and completed time wise correction. Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top. As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL. Stop Loss below 50130...
Closing below 23577 in hourly could be bearish 📉 📉 to 23313 ( It could move upward to HUNT STOP LOSS 23616 ) Any Hourly closing above 23577 -- 23616 is bullish ( chances are low for today ) Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Date: 3rd June 2024 Time: 2:05 PM Bandhan Bank was in big correction since las many years. Concepts Applied, 1. Wave Theory : Big Correction Wave has finished with recent ATL price, it seems like now as per Wave Theory Bandhan Bank price likely to reach depth of correction price ~263 Rs. 2. W Chart Pattern : After Wave count upside Target...