#Btcusd #Bitcoin #Btc $Btc long wave yofx 17Sept23 #ElliottwaveThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta trade with care good luck.
Parallel Channel
Finnifty - Doing fineCompared to nifty & BN, for the past two days finnifty's movement was good.
Pattern : Rising Channel.
Range : Medium
Trend strength : Normal
Buy Above : 20520.
Stop Loss : 20480.
Targets : 20560, 20600, 20660 and 20740. Support is at 20500 - 20520.
Sell below : 20440.
Stop Loss : 20480.
Targets : 20400, 20320 and 20240.
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.
INFY: Descending Channel and Flag BreakoutINFY is showing *early* signs of breaking out of a weekly flag pattern and descending channel. Keep on watch. This coincides with the CNXIT parallel channel breakout pointed in earlier idea . RSI is high, though volume change is not significant. Big gap resistance ahead.
Grasim Cmp 1933 Parallel Channel BOGrasim Cmp 1933 dated 13-9-2023
1. Parallel Channel Bo @ 1906
2. Prise Rise with Volume Rise
3. RSI BO
Buy above 1935 target 1950-1975-2000-2025-2040 SL 1900
It is just a view, please trade at your own risk.
YESBANK: Ascending ChannelYESBANK is stuck in a ascending channel for 6 months now. It has also tried to break the upside on 18.6 but failed to do so effectively. Bounce is expected from support. Also poised to break inverted H&S when crosses 18.6 with good volume.
CNXIT: NIFTY IT 1.5 Yr Channel BreakoutCNXIT: NIFTY IT has broken the channel on the upside in which it was stuck for last 1.5 years. High RSI. Time to invest in IT now.
WEST COAST PAPER (WSTCSTPAPR) : Breakout 1 year Channel ATHWEST COAST PAPER (WSTCSTPAPR) is breaking out of a 1 year large channel or large cup. Breakout retested support line and bounced back. High volume. High RSI. Hits All time high as well
NIFTYMIDSML400NIFTYMIDSML400 has formed parallel and what we saw recently was just the trailer.
we still have big bull waiting for us. 12300-12000 may be good warning if this pattern could fail.
It may still take 3 year for index to reach upper edge of the parallel channel
Bank Nifty - Sep 11Pattern : Channel, Support/Resistance.
Range : Medium
Trend strength : Normal
Buy Above : 45120.
Stop Loss : 45020
Targets : 45200, 45280, 45400 and 45480.
Sell below : 44900.
Stop Loss : 44980.
Targets : 44820, 44740, 44660 and 44540.
Check the live market updates.
Hit the like button to rock !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
INFY | High probable and relatively a safe stock to take for 30%INFY | High probable and relatively a safe stock to take for 30% move
CMP : 1469
SL : 1350
Target : 2000
Almost 1:4 risk reward setup
BATAINDIA | Similar channel breakout - Looks good for 25-30%BATAINDIA | Similar channel breakout like INFY - Looks good for 25-30%
CMP : 1723
SL : 1580
Target : 2200
1:3 risk reward setup
Breakout 1:1.5 trade ,as you can see its weekly chart, channel brakeout.
For educational purpose only!
INDUSINDBKparallel channel in indusindbk looking good. fresh BO at this level
it may try to test the upper edge of the channel
INFOSYS READY TO BREAK THE DESCENDING TRIANGLEPATTERN- The stock has consolidated for very and followed a channel since few weeks which is also range bound trading also on larger scale it has formed a descending traingle which is a bearish pattern but it can act as reversal on other side as well which is quite evident in infosys
TARGET- Imeediate target can be 1640 and further breakout from there can give immense returns in future
Indigo Paints Ltd,Indigo Paints Ltd , Small cap Share,..........(be cautious ,trade as per your risk)
On Jun 23rd Golden crossover happened.
Good one for short term and long term............
JUBLFOODJUBLFOOD has given BO from parallel channel and retest the BO
now it the time for bulls to taste the success
M E T R O P O L I Smetropolis broke above descending channel pattern on hourly charts with decent oi as well trading above VWAP.
Could be bought with mentioned stoploss & target.
KCP Ltd. Bullish Inverted H&S BreakoutHi,
An inverted Head and Shoulder pattern is emerged on the Daily Chart of NSE:KCP with good volume. One can create a fresh position in the scrip at 115 with SL of Rs. 105 on closing basis for 1st traget of 125 and 2nd target of 235.
The risk to reward ratio is 1:2
Exit the position if the stop loss is triggered on DCB.
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I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY...
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Bearish Penanant formation in Reliance 15 m timeframeBearish pennant pattern formed in Reliance 15 min timeframe.
Go short once price breaks down and goes below~2408.65 level which appeared to be a good area of resistance and support
First Target: ~ 2399.00
Second Target: ~2386.00
and so on
This is just for educational purpose. Please do your own research before investing or trading
Happy Days
Punjab National Bank (PNB) - Looking good on weekly chartOn a weekly chart, the stock emerging out of the base could be an ideal buy zone (65-68).
Maintain a strict stop loss between 5-8% incase the trade goes wrong.
PS: Not a buy/sell recommendation. Do consult your financial advisor.
