[1H] M_M Mahindra &Mahindra SELL1. Chart clearly shows Support and Resistance Zone.
2. It takes two supports and one resistance with confirmation.
3. The confirmation candles is Bearish Engulfing candlesticks.
4. Trend is actually going down.
5. Pure Price Action with naked chart.
6. Stop Loss and Take Profit clearly mentioned in the chart.
Priceaction
United Spirits, for Swing trade and Positional tradeThe best company with strong technical and fundamental.
Double bottom formed and gave breakout last week.
Conservative traders wait for retrace and then go for entry.
Aggressive traders can enter at the Current market place itself.
Short term Target 1220 🚨SL must, it depend's on your risk appetite
Long term Target Hold for decade
🚨DYOR
UNITED SPIRITS - Multi Year BreakoutUNITED SPIRITS has had a multi-year breakout now. A 2 year range is broken by a full blown move.
1130-50 and further can be on charts.
PS - I am founder of Tactic, we get you the Trade Ideas of top SEBI registered users across Intraday, BTST & Positional. We are trusted by 1000 users, we will be glad to have you as a user. Do check us out from my bio.
Thanks
Parallel Channel Pattern Breakout in COROMANDELCOROMANDEL INTERNATIONAL LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Parallel channel Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1025+.
✅Can Go Long in this stock by placing a stop loss below 960-.
#NIFTY Intraday Support and Resistance Levels - 21/07/2023Nifty will be gap Down opening in today's session. After opening nifty start trading below 19960 level and then possible Downside rally up to 19840 in today's session. in case nifty trades Above 20000 level then the upside target can go up to the 20120 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(21/07/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty Start Trading Below 45950 level then possible downside rally of 400-500 points upto 45550 Level. Any Major upside only expected in case banknifty starts trading Above 46050 level. Also Possible Reversal Upside 45550 Level.
Double bottom pattern breakout in SYNGENESYNGENE INTERNATIONAL
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 811+.
✅Can Go Long in this stock by placing a stop loss below 775-.
#NIFTY Intraday Support and Resistance Levels - 20/07/2023Nifty will be FLAT opening in today's session. After opening nifty sustain above 19850 level and then possible upside rally up to 19970 in today's session. in case nifty trades below 19810 level then the downside target can go up to the 19700 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/07/2023) Today will be FLAT opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. And this rally can extend for another 400 points if it gives breakout of 46050 level. Any Major downside only expected in case banknifty starts trading below 45450 level.
CUMMINSINDCUMMINSIND:- If it sustains after giving a breakout, we may see an upside moment.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Double bottom pattern Breakout in BAJAJ FINANCE LTDBAJAJ FINANCE LTD
Key highlights: 💡⚡️
✅On 1Hour Time Frame Stock Showing Breakout of Double Bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 7740+.
✅Can Go Long in this stock by placing a stop loss below 7490-.
Falling wedge pattern breakout in ULTRATECH CEMENTULTRATECH CEMENT LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 8565+.
✅Can Go Long in this stock by placing a stop loss below 8140-.
Rising wedge pattern reversal in SIEMENS INDIA LTDSIEMENS INDIA LTD
Key highlights: 💡⚡
📈On 1Day Time Frame Stock Showing Reversal of Rising wedge Pattern .
📈 It can give movement upto the Reversal Final target of above 3882+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 4420+.
📈 Can Go short in this stock by placing a stop loss below 720-.
#NIFTY Intraday Support and Resistance Levels - 19/07/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 19800 level and then possible upside rally up to 19930 in today's session. in case nifty trades below 19740 level then the downside target can go up to the 19620 level.
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Nifty should be in a Small Correction - BearishLast couple of days NSE:NIFTY has rallied sharply, now today, after Gap Up price has created a Hanging Man candlestick pattern in the Daily Chart. This is a Bearish pattern.
Hence, I think, this should ideally take the price down to 19035 for now. And from there I expect Nifty to achieve another Higher High till 19535.
FINNIFTY! - How I made 112% profit 💸Hey Pivster's
So, as we know today was expiry for NSE:FINNIFTY1! and market had open with a bullish sentiment at the early hours of the opening bell with good buying force seen in initial minutes of the market as OPEN=LOW too.
Buying force was submerged as the first 15min candle closed above the reversal camarilla pivot level H3...after that buyers were not able to push the price the initiative camarilla pivot level H4 and in fact profit booking of BTST players was seeing too.
Now, comes the first dip towards Daily H3 pivot level from where the bounce was seen by help of responsive participants, but not strong enough to break the current day high set in the initial candle of market opening and a visible "tweezer top" candlestick pattern was seen formed near day's high (marked inside the red box).
Immediately, the next thing we see is a big seller's candle which closed near to day's low thus giving a confirmation of a "double top" formation near day's high and formation of the "M-Pattern" for the day with "neckline" being near the reversal camarilla pivot point.
This whole scenario above has triggered the GPZ Setup which the index has been for the day and a clear trend reversal or pause sentiment was known to the market on basis of -
* Type of CPR formed
* Pivot Analysis
* 2D CPR relationship
HOW WE WOULD HAVE TRADED THIS SETUP FOR DAY:
Now, that we know the GPZ setup has triggered for the day we had to wait for the retest for either PDH OR DH3 for our entry towards the target of DL3 or Pivot point of the day with our SL being current day's high or DH3 whichever was higher.
A simple retest towards PDH was triggered with the SL as DH3 which had an additional confluence of neckline from the M-pattern that was formed in the first half of the market.
Finally, we received our target of DL3/Pivotpoint by the closing bell of the market and this also marked a close for our -
"Trade which made us 112.82% in profits or doubled our capital in under 20mins"
P.S. Screenshot of the trade's order book is attached in the chart itself!
This was the synopsis for yet another simple analysis for the broader index as a whole thus showing you that trading has to be kept simple and executed with patience and risk defined beforehand.
If you liked the content, then share with your friends, family, fellow traders and dear ones :)
Regards,
Mukkull
Triangle pattern breakout in PIDILITINDPIDILITE INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2725+.
✅Can Go short in this stock by placing a stop loss below 2610-.
Falling wedge pattern breakout in IGLINDRAPRASTH GAS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 510+.
✅Can Go Long in this stock by placing a stop loss below 487-.
NSE: Abbott India Elliott wave ProjectionOverview:
Abbott India has accomplished the impulsive wave 3, and the price is forming corrective wave 4. Price has occurred the sub-wave A. and Sub-wave B. Sub-wave C of 4th wave is in progress.
After completion of wave 4, the price will start its bull run.
Fibonacci relationship and wave Formations:
Wave ((1)) is a five-wave impulse.
Wave ((2)) retraced 50% of wave ((1)).
Wave ((2)) has taken 23 months to finalize.
Wave ((3)) is a five-wave impulse.
Wave ((4)) looks like a sharp correction.
Rule of alternation indicates variation between two corrective waves in terms of time, distance, and formation.
Because wave ((2)) was a complex correction, wave ((4)) should be a sharp correction.
Destiny of wave ((4)):
Wave ((4)) can terminate near the previous corrective wave (iv) at 13994 .
Wave ((4)) can end at 15064 , which is a crucial support level.
The common retracement of wave ((4)) is 38.2% , but the price has broken down this level. Next Fibonacci retracement level is 50% at 13967.
Please note that the corrective channel has broken down, so bulls can enter when the price renter into the parallel lines. Otherwise, the price has bearish sentiments.
Breakout Ready StockAlembic ltd watch out for breakout out
but don't take entry at breakout it may become fake breakout. because it already happened at 5dec candle
once price goes above resistance this will become support
after breakout when price retest that level, then go for buy side
swing trade can be taken for target of 91