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Priceactionanalysis

Falling Three Method - NiftyIn this pattern bulls begin to take control but cannot entirely overwhelm the bears. First, it causes a pause in the price’s downward progression, as indicated by the three short green candles. Then bulls, however, go out of fuel and are overtaken by the bears. The long red candle at the end of the pattern completes the pattern by closing below the level of the first long candle. How to trade it? Wait for the candle to get close & Short at the low of the five candles. Considering, Overall Price Structure, this pattern is at an important juncture. There is strong support at the 17500-17600 range considering the price pattern and Open interest data. Once it goes below that it will rise the calls at 17500 & 17600 levels Then the next support will be at the 16800 to 17000 range.
NSE:NIFTY1!
by OK_Rane
2
PERSISTENT - All Time High Breakout - Swing/InvestmentThose 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 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.
NSE:PERSISTENTLong
by TradewithAditya
Nifty is bullishAs we know, the price does not move up or down like a rocket, it has to take a pullback or a pause. So after a trending day most probably the market stays sideways. As you can see today's market was in a trend and most probably tomorrow it will be a sideways market, and our analysis will be simple if nifty opens above the previous day's high(PDH) market can get resistance from the 17970 level and will be in a range the whole day. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:NIFTY
by Garvit_Narang