UTI AMC - Trendline BreakoutUTI AMC created a range in day chart from past few weeks. A perfect range that was broken and reached nearest resistance in a day climbing 8%+.
Currently it is retesting its breakout & has hit the resistance, the move shows it has more 12% rally left with an ideal risk reward ratio.
Cheers.
Priceaction
A Price Action based Technical Analysis on Tata MotorsInvestors can start to accumulate Tata Motors from now on with every dip. Current market price is 77.95 and nearest Trap Zone is at 64.50.
There is a Bullish Channel and a Wolfe formed in it. Ideally it should take the price up to All Time High.
As per Harmonics, a Pattern which is close to Bullish Bat is getting created in the Chart. This should send the price up as well.
For Price Action Traders and Demand & Supply Traders, the Levels or Zones are not good, so they can try a Confirmation Entry. This is infact, a little draw back for this setup.
A Long Trade is suggested. But before price goes up, it will definitely try to stop out the Retail Traders and Demand & Supply Traders. That is the way they love to change the Trend.
A Price Action Trader will wait for a PA signal to get into this Trade.
Short Term Target will be approx 250 to 300 and Long Term Target should be beyond 600.
Disclaimer: The Waves drawn are imaginary and hence the real waves might be little different. This is not a suggestion for trading. If you wish to trade, you can at your own Risk. This is for learning purpose only. Prosenjit Ghosh holds no responsibility for any loss occurring to you by trading this setup.
This complete analysis is based on Technical Analysis.
Inverted head and shoulder | ERISinverted head and shoulders pattern formation in stock
price is resisting at neck line of head and shoulder pattern once price breaks this resistance of supply zone price expected to move upward
Stock successively running in down trend making lower higher and lower lows
but here trend is trying to change where it created peak of low and reverse back and again try down attempt but its over in small move price changes to up side and creating higher high and higher lows
this is how head and shoulder formation created.
Price down by 5 times when it comes to supply zone but this time at supply zone price not getting down but also sustaining at it higher level so we can see buyers are winning over sellers will see breakout once price breaks the blue zone drawn on chart
[INTRADAY] #BANKNIFTY PE & CE Levels(03/07/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level. also possible Reversal Downside 44950 level.
LXCHEMLXCHEM:- Wait for the breakout of the stock, if there is a breakout then we can see upside movement.
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.
CHEMPLASTSCHEMPLASTS:- Stock is about to give breakout after almost 1 year, wait for breakout
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.
NIFTY50: (THE BROADER PICTURE) HEY FAM,
- As you see in the pictorial representation of NSE:NIFTY , the index took an upsurge at around 13th June, 2023 with a gap-up opening which happens to the level of previous month high (PMH).
- Moving on we also see a PEMA crossover with an initial retest of price at Monthly H3 (MH3) level which shows that monthly responsive players are in action now when the price takes the first support from marked zone that is -> (PMH - MH3)
- Now in the same week we form a Weekly high (PWH) at around 19th June, 2023 which you can see comes in a beautiful confluence with the level of Monthly H4 (MH4) thus making it a hot level on the upper side which is why the line is marked as 'orange'.
- Fast forward to this current week, we have a reference that the index has a responsive range of around 210 points which is clearly marked on the chart too.
- This week beautifully shows the fight between the weekly and monthly responsive players trying to break through from the responsive range and thus open gates for their respective initiative players to race towards their range targets.
NOTE:
I hope you understand the broader picture now and can also testify how simple things can be if you just connect the respective dots from multiple pivot timeframe.
So, I think that this information through a brief pictorial representation helps you in further projects and the same time shows you one of the way you can use PIVOT STUDY WITHOUT EVEN APPLYING ANY INDICATOR!!
Let me know your thoughts upon this publish in the comment section.
THANK YOU
ALKYLAMINEALKYLAMINE:- The stock was moving in a parallel channel, has given a breakout of the parallel channel taking support at 2451 level, watch the stock
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.
BAJAJELECBAJAJELEC:- Wait for the breakout, plan something only after it, almost after 1.5 years the stock will give breakout
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.
#NIFTY Intraday Support and Resistance Levels - 27/06/2023Nifty will be FLAT opening in today's session. After opening nifty sustain above 18700 level and then possible upside rally up to 18820 in today's session. in case nifty trades below 18670 level then the downside target can go up to the 18550 level.
#NIFTY Intraday Support and Resistance Levels - 26/06/2023Nifty will be FLAT opening in today's session. After opening nifty Start trading below 18650 level and then possible downside rally up to 18530 in today's session. in case nifty trades above 18680 level then the upside target can go up to the 18800 level.
shortterm investment; min 40% return; inverted head and shoulderwait for conformation and retracement and go futher
entry after : 1880
refer our old idea attached below
midcap stocks are going to boom.
long term investment; min 40% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
.
.
.
. more than that " deepak nitrite " is fundamentally good.
NSE 3MINDIA – ELLIOTT WAVE ANALYSISTimeframe: Daily
3M India has given a good move after 100% extension of wave A. Note wave A = B is at 21368.9 . Price entered into the corrective channel, which signals an impending bullish move. 22292 is a pivot level for 3MINDIA.
Wave C is the ending point of the correction, and traders can trade for the following targets: 22564 – 22850 – 23282 . There will be an extension of the target after the breakout of wave (B).
I will update further information soon.
IS BRITANNIA THE HOTTEST INVESTMENT OF 2023?In the previous idea, we initiated a short position in NSE BRITANNIA to trade wave C of wave (4). Price reached all the given targets.
- NSE Britannia – The Last Move of Correction
Timeframe: Daily
NSE BRITANNIA has accomplished wave C of wave (4) and started rising for an impulsive wave (5). This corrective wave (4) has a 38.2% retracement, one of the most common retracements.
According to the Elliott wave principle, the impulsive cycle can only confirm after the breakout of the previous corrective wave. Price has broken out the correction channel, but wave B must break for the 5th wave to form.
If the price breaks out wave B at 4407, traders can trade for the following targets: 4456 – 4500 – 4558 +. However, failure will continue its corrective formation and lead to a new low. In case of failure, we will change our position with selling targets.
KNRCONKNRCON:- The stock has formed a fluff pattern, if upside breakout, we may see upside movement, keep an eye on the stock
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.
SEQUENTSEQUENT:- Stock has given strong breakout, if stock comes back for retesting then you can plan something
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.
RATEGAINRATEGAIN:- Stock is about to give breakout after 1.5 years keep an eye on the stock
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.
BTC’s price hit $38624.14The price of BTC/USDT has been dumped by -1.05% in the last 24 hours. Bitcoin is shown in the bearish mode & it will touch $24000 in 2023 and in bullish mode it will touch the $38600 in 2023. The previous All Time High was on 10th November 2021 where BTC was priced at $69,045.
It has moved by 17.54% in the past week and it currently at $30000 approximately. There is slight bearish sentiment shown in the crypto market But in the long term it will hit the $34900 approximately in 2024. The current market cap of Bitcoin is $582,490,336,788.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/06/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible Downside rally of 400-500 points upto 43550 Level. And this rally can extend for another 400 points if it gives breakdown of 43450 level. also possible Reversal upside rally 43550 level.