Priceaction
KPITTECH - All Time High Breakout - Swing TradeThose who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently.
The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Banknifty - has not move from last 6 daysFrom the last six days bank nifty has given closing near the 41500 level and in price action theory price can not remain the same for a longer period of time it has to move either upside or downside.
And that trending move bank nifty can give us on Monday either up or down, most probably it will be on the upside as bank nifty is still bullish.
So our analysis will be if it breaks the previous day's high (PDH) i.e 41680 we can easily get the target of 42000 as there is no resistance.
If in case it breaks the previous day's low (PDL) i.e 41430 our targets will be 41290 and 41110 levels.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Nifty - Doji on daily time frameAs from the last three days nifty hasn't given a trending move and was in a tight range.
On the other hand, it has made a doji candle on a daily time frame.
So for Monday, our view will be for both sides because it can give us a trending move either upside or downside.
So if nifty breaks the previous day's high (PDH) i.e 17875 level our view will be bullish and our target will be first 17900 and second 17970.
If it breaks the previous day's low (PDL) i.e 17800 level our view will be bearish and our targets will be 17780 and 17760 levels.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
PGHL#PGHL - one more stock with a huge potential to go up. Gave a good BO after consolidating for more than 8 months.
HPL PowerThis is an excellent opportunity for swing traders. HPL power appears to be performing well in terms of price action. I believe in this stock.
Mahindra & Mahindra - breakout in weekly timeframe As you can see here Mahindra and Mahindra chart, what does this chart show?
This chart shows us that it has given a breakout of a beautiful pattern or of a range of 175 days. As you can see this stock first breaks the all-time high of 978 and then move as fast as a rocket and for the last 175 days it has been in a tight range and making a beautiful pattern i.e flag and pole pattern.
Last week this stock has given a breakout of an all-time high and of range and this week it has been consolidating making an inside bar or you can say opposite color candle. so if this stock breaks the high of the red candle i.e level of 1392 you can enter a trade and the target will be big, as big as the size of a pole, and our stop loss will be below the green color candle or the level of 1300.
I'm not sebi registered so this is only for educational purpose, do your analysis first.
Banknifty - 5 day same closingSo bank nifty today also closes on the same level where the last four days close. What I mean to say, the means price cannot be on the same level for a longer period, it has to move up or down. In this chart, I have given you an example of last week's (black pencil mark), from the last 4 days, the closing was on the same level, and on Friday it was a trending day.
So now also bank nifty is doing the same thing, from last 5 days bank nifty closing is the same, thus means there can be a great move tomorrow, it can be upside or downside. As bank nifty is bullish, giving a bullish closing I am expecting on the buy side.
If bank nifty breaks the previous day's high(PDH) we will go long, and if breaks the previous day's low(PDL) we will go short.
NIFTY - Bullish closingSo after a hugely volatile day, nifty breaks the day's range and closes near its day high which clearly shows nifty is bullish. as you can see in 5 min time frame after the breakout of range, sellers were trapped at the 17825 level, and from that level nifty breaks it's days high (DH) and after the breakout of DH now nifty is consolidating and making pole and flag pattern.
so our analysis for tomorrow will be, our view is bullish now so we will take only an upside entry. If nifty breaks its previous day's high(PDH) i.e level of 17190 we will enter into trade and our first target will be the 17970 level.
So if it opens below its previous day's closing we can expect nifty can take support from the 17825 level (last swing) and can reverse from it.
Our view will be bearish if only it breaks the previous day's low (PDL), level 17780.
Bank Nifty View For 8 Feb 2023As per Chart Bank nifty has been trading in range Bound .
You Can See Bank Nifty facing resistance fib Level 61.8% From last three days and Not Seeing any heavy rejection ..
If bank nifty Cross's 41750 to 41800 level .. its Breakout area For Bank Nifty.
If Cross 41800 Level Then We can See good Upside Movement In Bank nifty.
Reversal below 41700 level go short .
2 Amazing pattern based swing trades for 9 Feb I daily make educatioanl content videos for financial markets on swing trading
Banknifty - Expiry As we have observed from the last four days closing was on the same level so we surely say that expiry day i.e tomorrow will be a trending day whether it will be upside or downside.
so our levels will be if it breaks upside the level of 41712(PDH also) we can easily get the target 42000 level, and if breaks the level of 41400(PDH) it will give us the target of 41300 and 41100.
NIFTY - 15 min.As we saw yesterday, there was a symmetrical triangle in 5 min time frame. Today in the opening, the triangle breaks on the upside and we achieved the 1st target of 17870.
So for tomorrow our analysis we will go bullish if it breaks the level of 17900 i.e previous day's high (PDH) we can achieve the second target which will be the 17970 level.
On the other hand, we saw today's market was in range and breaks a trendline. If the level of 17850 breaks we will take an entry for the downside, in that case, our targets will be 17800 and 17760 respectively.
NIFTY - a symmetrical triangle - 5 min.Nifty had formed a symmetrical triangle on 5 minutes time frame. If it breaks level of 17650 i.e breakdown of triangle can give us a 1st target of 17500 i.e 150 points and 2nd target of 17440. On the other side if breaks the level of 17800 i.e previous day high (PDH) can give us target of 17850 and 17970 levels.
#Gold Breakout ? #Analysis of momentum and #Trend #PriceActionsHii
This is my analysis on gold
first i used green monthly trend line if it breaks market will go down . if comes toward the mean of the line or say pullback in uptrend is consider .
and price touches red color resistance zone almost 6 times . if it breaks and retrace is consider as perfect breakout . so wait for breakout .
and i use Hikanashi to show u momentum . in candlestick it is not seen easly .
.sry i am late but i post same thing in mind chat
Thank u
Nifty - Weekly AnalysisNifty is forming LH,LL formation on Daily time frame. It's holding 200 EMA as of now but has tested 4 times last week.. For me trend is bearish
