Parallel Channel
Nifty Elliott Wave AnalysisNSE:NIFTY near to completing a triple zigzag correction from the High of 18900 odd.
Market retraced 50% of the previous Rally from June - Dec 2022. Retracing back to sub wave 4 of previous impulse.
Momentum Divergence from RSI at oversold zone. A counter trend bounce looks imminent from these levels.
NCC Ltd : Swing Trade / Short term (1-3 months)#ncc #parallelchannelbreakout #breakout #momentumtrade #swingtrade
NCC : Swing Trade / Short term (1-3 months)
>> Breakout Candidate
>> Good VCP Pattern Visible inside Channel
>> Parallel Channel Breakout & Retest Done
>> Good Trending Setup
>> Good Strength in stock & Volumes Picking up
>> Low Risk, High Reward Trade
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
OBEROI REALTY for 30% (approx..) GainOBEROI REALTY is showing 22 months or 96 week consolidation breakout. Sector chart is also showing the breakout. A company with good fundamental one can check the below the link ( www.screener.in )
CMP : 1120
TG : 1370
SL : Below 9 week EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP. ( To view this, click sedg.in )
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. ( To view this, click sedg.in )
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk.
Please consult your financial adviser before taking any decision.
Exide Ind : Parallel Channel Breakout#Exideind #channelbreakout #breakout
Exide Industries : Swing Trade / Short Term Trade (1-3 Months)
>> Parallel Channel Breakout
>> Good Trending setup
>> Good Volumes & Strength in stock
>> Low Risk High Reward Trade
>> Potential Upside of 10% or more
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/Stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Descending channel Resistance Breakout - MANAPPURAMPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Round bottom resistance breakout - VSTTILLERSPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Ganesh Housing Excellent Result Reversal PlayAdd near 400-393 zones with tight gap stop as 382 for swing trading. Bit risky wide stop can be at 370-60 for positional trades as per risk capacity.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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FDC : Channel Breakout#FDC #channelbreakout #breakout #flagpattern
FDC ltd : Swing Trade / Short term (1-3months)
>> Good Channel Breakout
>> Volumes Building up
>> Good Strength in Stock
>> Low Risk, High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BANKNIFTY is bullish above our zone As we can see BANKNIFTY opened very strong and around the the channel which it had been following since last week now. Despite opening strong it failed to sustain itself as we analysed yesterday and fell unintentionally resisting from our channel’s trendline. We can still see BANKNIFTY as majorly bullish till it maintains itself above our zone and we can expect a strong up move as soon as the trendline is breached and sustained above so plan your trades accordingly everyone
#USOIL intraday long trade setup Greetings Folks,
today I have prepared a setup of USOIL on TVC
the analysis is as follows-
-the price currently broke out of a range of equal highs, this is a good sign of bullish momentum
- the price is retracing right now, either it can take support from the 50% of retracement or respect the support zone i mentioned in chart
- the safer trade would be the latter one, i have marked the take profits also or you can also use pivot point indicator for exit
don't play with fire, always use a predefined stoploss
Bank Nifty - Nov 15 When price is moving inside a channel, movement will be choppy unless it gains momentum.
Pattern : Channel
Range : Medium.
Trend strength : Normal.
Buy Above : 43840.
Stop Loss : 43760.
Targets : 43920, 44020, 44120, 44200 and 44340.
Sell below : 43640.
Stop Loss : 43720.
Targets : 43560, 43480, 43400 and 43300.
Expected expiry day range is 43400 to 44100.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Reliance nov23This is the daily chart of reliance market is in range
Try to break the range. If channel break wait for retest
The imp levels are drawn on the chart .
The mostly the market reverse on the resistance levels.
Wait for the price action near the resistance levels.
I do not recommend you to buy or sell the share, I just share my analysis with you guys.
Good luck🤞
Federal Bank... Keep on your watchlist.As it broke out of the 45 week consolidation zone, the stock price has formed another base from which it is gearing to break out.
A weekly close above 153 can create positive momentum for a potential positional trade.
The price has good support between 143-130.
In case of downside, the stock can find support at 120, and further down at 110-105 levels.
Note: Always trade with a strict stop loss. Not a buy/sell recommendation. Do always consult your advisor.
10th Nov ’23 - BankNifty PostMortem - Ascending channel drawnBankNifty Analysis
The real reason why Nifty50 reversed course today - BANKNIFTY. Yesterday we discussed how it took out the swing high set on wednesday. You wont believe that we took out yesterday’s swing high today even after opening with deep cuts.
In the opening minutes, we dropped to 43504 well below the first support of 43566. I really thought the support would yield, but it did not. By 10.10 we started climbing. BN took a rest at 13.00 after which there was a minor retracement. Then at 14.50 we got our 2nd leg of climb that went all the way up to 43908. It sure looked like Dhanteras/Diwali buying.
On the 1hr TF, I have drawn an ascending channel with the first target to beat being 44063. I wish to go bullish above that, till then I will hold on to my non-directional bias. I will not be writing about Muhurat trading on Sunday, but will mention any anomaly in my Monday report.
SAIL Swing trade- BuyBuy Sail with a stop loss set at 80 and a target of 140.However, depending on the individual's risk appetite, it may be necessary to adjust the stoploss and target accordingly.This means that the investor should consider their comfort level with potential losses and gains before implementing this strategy.
"Trading is not about predicting the future, it's about managing risk and finding opportunities in the present moment."
ARIHANT SUPERSTRUC : Short term (1-3 months)#Arihantsup #channelbreakout #channel
ARIHANTSUP :
>> Good strong Channel breakout, need followup
>> Good Volumes & Strength in stock
>> Low Risk High Reward Trade ( 60% upside possible)
>> Swing traders can lock profits at 10% & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
L&T Finance Holdings - Time to have a look...Nearing the price last reached in September 2018, L&T Finance Holdings shows good structure for a potential upmove.
In consolidation mode since July, the price has inched up for a possible breakout.
However, in case of breakout failure, can save the trade with a 5-8% stop loss.
Not a buy sell recommendation. Do consult your registered financial advisor.