trend line always gives you best risk to reword if made good entry
on 17march national aluminum given a good technical trade setup where price is over trend line and made hammer on trend line with conformation of same time hammer on 50days moving average and also here is a support level of 114 (drown red horizontal line)
chart already explaining every thing it...
Itc given buy when it was only 225
and its going higher and higher
here resistance level of 265.30 become support now
itc having more up side potential (may be after a consolidation or little correction)
HCL Tech is above its long term trendline starting Nov 2020, which is been respected 6 times in the past(Trendline life - approx 18 months), price action starting Sep 21 was the HH of the sequence, followed by LH & LL...as of now, stock is at crucial level & might continue the bearish sequence starting Sep 21.....Plan 1 & 2 with levels are mentioned on the...
NAM India forming Lower Highs and Lower Lows ( Downtrend in weely TF).
The upcoming lower lows coincide with weekly demand zone which gives a good opportunity for institutions to use sell order to open long position ( use the liquidity). The levels are posted on chart, use volume and day end candle for further conviction as price reaches the demand area.
If we go by the textbook definition of a falling wedge pattern, the price consolidates between two downward sloping & converging lines forming a wedge shape. (Not as difficult as it sounds, just looks at the chart).
As per a common understanding of this pattern, the price continues higher after a breakout to the upside.
Price action in LIC Housing finance shows a...
Levels mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Mindtree on a perfect H&S pattern on 1H timeframe. A strong red candle close below 4204 to 4180 can lead to break of pattern. Anticipated target: 4012 for swing trade and 4120 for an intraday trade.
Bajaj auto - a cup & handle pattern on daily time frame. Perfect reversing to buying zone.
Point of conflence between 3660 to 3681.
An upward demand can expect target near 3850 and 3997 with SL around 3548
Stock has Bo of 3 yrs base. A clean Bullish Flag is seen. Stock seems to outperform, can be bought at current levels and bought on dips for target levels as mentioned on chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
AMD Industries has BO of long 4 yrs base with 5x volume. Can be bought on every dips for the target levels as mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
A low volume counter showing 7x volume after BO + RT of 1429 days( roughly 4 yrs) which formed a rounding bottom
can be accumulated for target as mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Levels as mentioned on the chart with Double Bottom Pattern Breakout
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Nifty has traded in a close range and formed spinning tops. for intraday trade, a breakout in any direction with a strong candle will give a good opportunity for a trade.
M&M opened gap up and traded mostly in a tight range. on 15 minutes timeframe, RSI is above 50 but moving down and MACD is below the signal line. The conditions are in favor of short trade but taking trade along the larger trend has a higher probability of success.
On a daily basis, the stock is rising with strong rsi and MACD above the signal line. The upper...
One of the clean chart pattern is witnessed in SBI Life "Inv Head and Shoulder'"
Levels as mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
right now all the niftyfmcg high weightage stocks have almost come in the demand zone. maybe a good rally can come from here.
1. now the price has come in the demand zone of the monthly location and daily execution level.
2. another zone below this zone which looks very nice.
