BANK NIFTY ANALYSIS FOR 25-06-2021Do not trade in between 34938 - 34535 .
Buy Above 34938 for the Targets marked on Chart
Sell below 34535 for the Targets marked on Chart
" INSIDE BAR Candle " has been formed in BANK NIFTY
If you're taking entries , as per our analysis , set your target as per " TRIANGLE PATTERN "
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
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Priceactiontrading
Watch IRCTCIRCTC gave today breakout with 9% move in single day.
Good volume on daily chart. Not generated here as the week have 4 more days to go.
It is today at ALL TIME HIGH.
There is risk when trading in stock which is trading at all time high.
So if I enter I will keep STRICT STOPLOSS.
Stay cautious as the money flow index have turned downwards, that's not a good indication, so if it continued to do down this may be false breakout or this is because the new SEBI margin rules. Volatility and liquidity is decreasing.
This is a little bit confusing scenario.
This is my own analysis. Hope you like it.
This post is for information purpose only.
price action of MATIC / POLYGONits just an educational purpose and sharing the idea of price action and trend analysis method of matic.
JSW ENERGY ASCENDING TRIANGLE PATTERNJSW ENERGY is on a constant uptrend also contributing to the rise of the Energy sector. On 13 Jun, 2021 it was trading in a tight range and this consolidation can give a very good upmove with an intraday target of 167 on Monday 14 Jun, 2021 with very good weekly swing targets and long term profits as well if you are keeping it as a holding in your portfolio.
Ascending triangle pattern
Timeframe: 1hour
Keynote: Constant uptrend taking support at the trendline and consolidation for a big move ahead.
For Short Term/Long term TechnicallyAmara Raja Batteries Ltd looks bullish technically on Monthly timeframe.
Analysis is price action based.
It gave breakout in Oct on this TF.
And for the past few month it is coming back to previous resistance line.
Now this month is forming green candle and may start moving upwards.
From the recent low to high I see support above 0.5 fibo level which indicates
the healthy retracement after breakout.
The retracement candles volumes are not looking that good so there is risk.
So keeping the strict STOPLOSS at a little near/down 0.61 fibo level once it is break
the downtrend resumes and confirmation of this false breakout.
So if I'm taking this risk I want good reward. So my RR ratio will be 1:2.
My Target will be 1070 and STOPLOSS 604.
This trade setup is completely based on technicals.
Though the fundamentals of company is not bad but ok type.
"Technicals indirectly tells fundamentals. You just need to learn to listen it."
This post is just because I wanted to share my analysis.
Don't take it as calls. It is only for information purpose.
BANK NIFTY ANALLYSIS FOR NEXT WEEK 7 JUNE TO 11 JUNE 2021as per price action you can see bank nifty has created double top bearish pattern in hourly time frame.
also bank nifty broke trendline and closed below.
34900 and 35000 good support zone for bank nifty
if bank nifty hold 35000 area than we can see bounce from 35000 area towards 35500 level. if global market and Asia market sawing any weakness and bank nifty will break 34900 level than we can see down move up to 34500 34400 level.
Retesting of Support - Positional TradeThe banking sector is going to be in the limelight for the coming seasons. We can expect Bank Nifty to touch all-time high soon. IndusInd Bank could be a good pick. One can enter with long-term perspective on a wide bullish candle supported with strong volumes.
History Repeats... Live ExampleI'm very excited to share this analysis with you all. Colgate-Palmolive (India) Ltd chart's just made me speechless.
This is weekly timeframe.
I have heard many time in market that history repeats.
And today I witnessed it as I found this.
Same pattern, same formation of trend line,
multiple time "U" shape formations.
The pattern, previous time it took around 2 and half yr..
But this it just one year..
Let's see now how it goes further.
Very excited to watch it's moves.
Every single candlestick trys to say you something, you just need to learn to listen it.
Learning is Earning.
This is not a call, its just for educational purpose.
I like to share like this content and will continue to share my analysis and charts.
Bullish Setup in CAMSBullish setup in CAMS which is fundamentally good stock and a trendy one for last few months.
If it test the previous resistance trend line then
good buying opportunity with good RR ratio as we can place stoploss below resistance line of
pattern or support line of pattern as per your RR ratio or money management.
This is my own analysis.
Take decision with proper planning and plan everything.
That's very important before taking any action.
“Risk comes from not knowing what you're doing” - Warren Buffett
This post is for education purpose only.