Reliance Wave CountNSE:RELIANCE
Wave 2 retraced 30% of Wave 1
Wave C achieved Equality to A
Mostly Wave 2 Bottom in Place.
Wave 3 Rally shall commence.
Priceactionanalysis
DMARTDMART :- The stock has given a breakout after 2 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.
Bank Nifty witnessed decline for another session !The Index broke below imp level of 47500
Today BNF showed less correction as compared to Nifty...
Any Long position can be avoided until it sustains above 48200 level
& look for Bearish pattern at imp resistance zone
Upside hurdle is near 48200 zone,
whereas immidiate support is around 47800 /700 level
*For Educational Purpose
Nifty formed a long Bearish candle on Weekly Expiry DayNifty continued with more correction on thursay expiry session
The index after breaking the support of 22200 in 1st half,
witnessed more correction in last hours to slip below imp 22k zone
The Index has also come in oversold zone, a pullback in the market is possible
But until Nifty closes above 22500 level, selling pressure may come from upper levels
From here, upside hurdle is placed at 22,200
& Imp support is placed at 21,800
*For Educational Purpose
XAUUSD or LongMy view on this script Bullish
Ofter breaking Resistance with good dynamics
I took long entry...💹💲
Nifty closed at the same levels for 5th time in 20 years - studyNifty traded within prev day's range,
it erased the intraday gains after taking rejection from trendline
Nifty needs to move outside the prev day's range
to show Directional Movement on Expiry day
The Wednesday session HIgh & low can work as Resistance & support zone,
For Gap up/ Gap Down, track for Price action confirmation at imp levels
Resistance / support zones can work same as last session
*For Educational purpose
Balaji Amines formed big positive candle after Q4 ResultsWithing 15 mins, the stock formed a significant candle of 12%
Increased volatility around stock earnings is a common phenomenon in financial markets.
As companies release their quarterly or annual earnings reports, big investors eagerly anticipate the results, which can lead to heightened trading activity.
Positive earnings surprises may cause a surge in buying activity, driving up stock prices, while negative surprises can trigger selling pressure, leading to price declines.
Consequently, during earnings seasons, markets can experience sharp movements in stock prices therefore short term trading becomes Risky around imp events.
Balaji Amines formed BIg candle after Q4 Results Wihin 30 mins, the stock formed a significant candle of 12%
Increased volatility around stock earnings is a common phenomenon in financial markets.
As companies release their quarterly or annual earnings reports, BIg investors eagerly anticipate the results, which can lead to heightened trading activity.
Positive earnings surprises may cause a surge in buying activity, driving up stock prices, while Negative surprises can trigger selling pressure, leading to price declines.
Consequently, during earnings seasons, markets can experience sharp movements in stock prices therefore short term trading becomes Risky
#NIFTY Intraday Support and Resistance Levels -08/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22320 level and then possible upside rally up to 22440 level in today's session. in case nifty trades below 22280 level then the downside target can go up to the 22160 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level.also possible reversal downside 49450 level.
#NIFTY Intraday Support and Resistance Levels -06/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22480 level and then possible upside rally up to 22600 level in today's session. in case nifty trades below 22440 level then the downside target can go up to the 22320 level.
5 Amazing swing trading idea for 6 May Markets I daily make educational content videos for swing / positional trading
AUBANK - Swing Trade Analysis - 30th April #stocksAU SMALL FINANCE BANK (1D TF) - Swing Trade Analysis given on 30th April, 2024
Pattern: CUP & HANDLE
- Volume Buildup at Resistance - Done ✓
- Daily Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
IRCONKeep an eye on the stock; the stock has tried to break the resistance many times.
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.
3 Amazing Weekly swing trading ideas for 29 April Markets I make educational content videos for swing / positional trading
HPCL and BPCL Ready for RallyElliottwave
Update on NSE:HINDPETRO HPCL and NSE:BPCL
Wave 2 correction looks over. Price breaking out.
Shall be heading higher in wave 3 in next 6 months.
Supriya Life-A picture perfect IHNS breakout!If you are a pattern breakout trader, you will definitely love this idea!
Supriya life science has given a good breakout from inverted head and shoulders pattern and is looking strong for a reversal.
Stock can test ATH levels soon and might give bigger targets in future. Stock should give weekly closing above 400 for confirmation. Safe traders must wait for tomorrow's closing before entering.
A must stock to keep in watchlist!
#NIFTY Intraday Support and Resistance Levels -25/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22380 level and then possible downside rally up to 22260 in today's session. in case nifty trades Above 22440 level then the upside target can go up to the 22560 level.
Ascending Triangle pattern breakout in HINDALCOHINDALCO INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Ascending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 650+.
✅Can Go Long in this Stock by placing a stop loss below 614-.
Sudarshan Chemicals ka Badiya PradharshanI see a nice rounding bottom formation making Higher High and Higher Lows. Continuing with the trend it seems well set to go all the way to the top.
2 Amazing swing trading idea for 24 AprilI daily make educational content videos for swing / positional trading
TREND CHANGED IN NMDC - FROM BUYING ON DIPS TO SELL ON RISE ?NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
This PSU stock has given great returns to investors as well as traders in last one year.
Although there exists so many positive talks about NMDC's volume growth, sales growth & capacity enhancement etc. which are fundamentally good but I think trend is changed in NMDC.
This stock was buy on dips since May-June 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise.
I will find opportunity to sell it on each rise until it breaks 235-240 level.
So, Is it still buy on dips or has become sell on rise?
Only time will tell!
P.S. : This stock is on my main watchlist for a short trade.
HIGHER HIGH IN BHARTI AIRTELBharti Airtel is near its ATH; an attempt has been made to break it but still below the breakout level. This week's closing will decide whether to consider it for a mid-long term swing. Target is calculated according the ABCD pattern of Harmonics.
