Tcs swing trading idea and old trades updates for 23 NovI daily make educational content on financial markets
Priceactionanalysis
Bullish flag pattern breakout in ICICIBANKICICIBANK
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakout of bullish flag Pattern.
📊It can give movement up to the Breakout target of above 1020+.
📊Can Go Long in this stock by placing a stop loss below 910-.
📊Breakout can give risk: reward up to 1:10+.
Bullish pennant pattern reversal in GRASIMGRASIM
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 1785+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 1995+.
Jubilant Foodworks - ShortStock is in tight channel on 1D timeframe. A breakdown of that channel with give good RR if shorted.
#NIFTY Intraday Support and Resistance Levels - 22/11/2022Nifty will be slightly gap up opening in today's session. After opening nifty sustain below 18210 level and then possible downside rally up to 18120+ in today's session. in case nifty trades above the 18250 level then the long target can go up to the 18350 level.
Rising wedge pattern breakdown in EICHERMOTEICHERMOT
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakdown of rising wedge Pattern.
📊It can give movement up to the Breakdown target of below 2930-.
📊Breakout can give risk: reward up to 1:3+.
Wedge pattern reversal in MARICO.MARICO
Key highlights: 💡⚡
📊On 1W Time Frame Stock Showing Reversal of wedge Pattern .
📊 It can give movement upto the Reversal target of above 560+.
📊 Inside Candlestick Form on this timeframe.
📊 Can Go Short in this stock by placing stop loss Above 480 or last swing low.
PelAlways follow Risk and Position Management❇️❇️
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icicigiAlways follow Risk and Position Management❇️❇️
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NiftyAlways follow Risk and Position Management❇️❇️
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ULTRATECH CEMENTNSE:ULTRACEMCO near to the Inverse Head & Shoulders Breakout.
Above 7000 Can give a good Bullish momentum.
Double Bottom pattern reversal in JUBLFOOD.JUBLFOOD
Key highlights: 💡⚡
📊On 1H Time Frame Stock Showing Reversal of double bottom Pattern .
📊 It can give movement upto the Reversal target of above 570+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 590+.
Bullish flag pattern Breakout in LT.LT
Key highlights: 💡⚡
📊On 1Hr Time Frame Stock Showing Breakout of bullish flag Pattern.
📊It can give movement up to the Breakout target of above 2190+.
📊Can Go Long in this stock by placing a stop loss below 1995-.
📊Breakout can give risk: reward up to 1:13+.
XAUUSD REVERSAL ZONE STAY TUNETRADING SUGGESTION:
Now we looking to the gold market coming into reversal area,so wait for market get perfect SELL trade.
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TAKE A TRADE,SIT BACK AND RELAX
Falling wedge pattern reversal in ABB.ABB
Key highlights: 💡⚡
📊On 1H Time Frame Stock Showing Reversal of Falling wedge pattern Pattern .
📊 It can give movement upto the Reversal target of above 3145+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 3340+.
channel pattern reversal in EICHERMOT.EICHERMOT
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Channel Pattern Pattern .
📊 It can give movement upto the Reversal target of above 3990+.
📊 Can Go Short in this stock by placing stop loss below 3490- or last swing low.
Bandhan BankAlways follow Risk and Position Management❇️❇️
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StarAlways follow Risk and Position Management❇️❇️
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LTTSAlways follow Risk and Position Management❇️❇️
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INFOSYS case studyINFOSYS AT 1590 levels is around strong supply zone,
Descending parallel channel resistance around 1610 levels
Horizontal resistance around 1602 to 1630 as per previous swing high levels,
Bearish divergence on RSI with respect to price,
Bearish wolf wave formation, where price are trading above the structure formation which indicate overbought situation ,
counter might face strong resistance in zone of 1600-1630 levels ,
which should be used to exit long position if any,
now fresh investment in this counter above 1670 levels on daily closing basis
Down side counter can give retracement till levels of 1500-1480 once reversal is confirmed.
Time to be cautious in this counter.
Double bottom Pattern breakout in CROMPTON.CROMPTON
Key highlights: 💡⚡
📈 On 2Hr Time Frame Stock Showing Breakout of Double Bottom Pattern.
📈It can give movement up to the Breakout target of above 382+.
📈 Can Go Long in this stock by placing a stop loss below 365-.
📈 Breakout can give risk: reward up to 1:6+.
Reliance case studyPrice action study on reliance 240 mins chart,
from last 2 trading sessions counter is giving weak signals,
rally started around 2300 levels in counter to level of 2640
counter is trading in ascending parallel channel structure and maintaining its posture around higher end of the structure,,
now in last 2 sessions counter is giving reversal signals,
bearish divergence on RSI with respect to price,
resistance of major descending parallel channel around 2640
RSI indicator have already given breakdown from ascending trend line support,
Now onwards any rally till levels of 2620-2630 should be used to exit your long position,
view gets negated above 2671 levels on daiy closing basis, which means fresh investments only above 2671 levels,
down side on counter breaks levels of 2583 decisively, counter will face heat of selling pressure which would lead to lower levels of 2520-2490-2450,,
Time to be cautious on your investments in this counter, fresh investor should wait for counter to break above 2671 levels or retrace till 2450 levels than enter the trade.
Choice is yours.
