Priceactiontrading
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.
**NIFTY & BANKNIFTY ANALYSIS & PREDICTION FOR 18 MAY TOMORROW **"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future."
Nifty & BankNifty Outlook for tomorrow – Positive and might be Flat and Range bound.
Nifty Next Key Levels –
Resistance zones:
Support zones:
PROVIDED IN THE VIDEO
Points to Look Out –
1. Bond Market.
2. Global Market.
3. INFLATION & Rising Covid Cases.
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.