Banknifty Positional Scenario is for Long Trend.
For Intraday on 1st June.
Buy Above 19400 - Target - 19600-19800
Sell Below 19100 - Target - 18800-18600
Pivot Points
reliance setup buy sell level as per hourly frame Reliance in daily chart given breakdown at 1430 zne fter a consolidation from 1466 to 1430 zone from 3 days
now after breakout on downside , trading at 1410
now
important level to note is 1430 /1440 on upside while on downside now its open for 1350 /1340 level.
Upside resistance at 1440 /1460 zones .
Fresh upmove only if close above 1490 for 1650 zone.
Important level
downside : 1350/1340
Upside : 1445/1460
intraday tradng wise physchological level important .
tcs simple learning setup using support resistance educational purpose share
one can observe and learn
a post on demand of a well wisher through message jsw steel y views is to trade on levels ( positional bias short on rise , but intraday and as per market trend
one can play swngs .
simple demonstration of how basic support resistance are helpful
through ed arrow (resistance) while blue arrow (support)
hope one will find it useful and take benefits ( dua me yaad rakhna) .
JSW Steel Intraday Trade in AdvanceWeekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level.
In Daily, nothing is supporting. There is a break of Trendline, but not convincing.
75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle rejecting the cross and pivot yesterday.
Today, if the price opens at the same level as yesterday's, I will look to go short with SL above the high of the previous day's candle in question. It would be an aggressive trade.
Important of TAIL on ICICIBANK will full of your pocket.For each U-term , this stock is created TAIL .
Look at the box, I have drawn TAIL so you can easily check it. Suppose, wave(2) has Tur n then it will create a tail on hrs chart .
Resistance 423 nearby.
Predicted waves if everything fine.
Realtime example of TAIL trade on TATASTEEL4 tails at the value high with one excess and 2 tails found at the value low with one excess. The presently fromed tail is not at excess but its a breakdown channel.
Remarkable points , recently created tail has enough shadow as comparted all others.
Therefore, Possible to fall more OR create a series of tails .
Tail and look at different things than the long term traders
There're 4 tails at the value high and, 2 tails are detected at value low for a major channel .
When the price is higher above the value high, We found the tail as price reject and reversal.
For instance, you can observe the trend is up before the tail(1) created. U-Turn has been seen after the tail formed. The same thing happened for the tail (1) to (4) in the chart. Vice-versa, Trend is turned up after creating a tail at value low.
Conclusion: Find some stocks which usually create TAILS and observe it. And You can also comment or PM me if you find the stocks. I will lead for trade setup on it.
ICICIPRULI at a crucial resistance levelNSE:ICICIPRULI is approaching a very crucial long term trendline resistance. There is a prior gapdown, Monthly Pivot R1 and Fib 0.618 acting as confluence of resistances. Highest Call OI is at 340 strike price. For more updates join our telegram channel t.me
BEML reversed from strong resistance zoneNSE:BEML reversed from strong resistance zone 940. Monthly Pivot R2, Natural Resistance, highest call oi at 940 and shooting star pattern
BAJFINANCE Near Strong ResistanceNSE:BAJFINANCE is near strong resistance. Trendline resistance, Monthly Pivot R1, Highest Call OI at 2800 and dark cloud cover candlestick pattern
Titan forming a symmetric triangle with multiple resistancesSymmetric Triangle in formation in Titan with Central Pivot, Bollinger Upper Channel, Fib 0.5 acting as resistance. Prior trend is slightly bearish.
