BUY RANGE 720 - 730
FOR A TARGET 750 +
BREAK BEYOND 52 WEEK HIGH RESISTANCE 772
CAN LEAD TO 800 +
>>> CHANNEL BREAKOUT
>>> MOVE TOWARDS 52 WEEK HIGH
disclaimer - for study purpose only
BUY BASED ON (disclaimer - for study purpose only)
GARTLEY BEARISH PATTERN COMPLETION
BUY FOR TARGET 1245+, 1188 CAN BE IN BTW RESISTANCE
WITH STOP AS COMFORT
SUPPORTING FACTORS FOR BUY :->>>
***CONSISTENT VOLUME SUPPORT
***weekly oscillators neutral but strong buy support in daily frame
***weekly close above 200ma can give support
USING RETRECMENT THEORY
ITC HAS GOT RETRACED MANY TIMES FROM 0.50 LEVEL
LOOKING @ THE CURRENT MOMENTUM A BUY HERE CAN BE PLACED
FOR TARGET 215-220
REASONS
BREAKING OF ROUNDING PATTERN
CONSISTENT VOLUME SUPPORT
TRIANGLE FORMATION
TRADING SUGGETION
BUY ABOVE 206 CLOSING BASIS
CAN GIVE A UPMOVE OF 10-15 PTS TOWARDS
0.618 RETRACE LEVEL
***NOTE - FOR STUDY...
IN MY PREVIOUS SHARED IDEA
WE COULD CATCH THE MOVE FROM 1535 TILL 1560 WHICH WAS THE TARGET LEVEL GIVEN
FOR NOW IT HAS MOVED BEYOND TARGET LEVEL
CMP @ 1570 +++
WHAT NOW FROM HERE ???
PERSONAL VIEW:-
ON DAILY CHART, SCRIPT IS RUNNING @ TOP OF A TREND LINE
WHICH HAS BEEN TESTED MANY TIMES AND NOT BREACHED SINCE MAY'20
LOOKING @ THE CURRENT MOMENTUM THERE CAN BE...
INVERSE HEAD & SHOULDER PATTERN
+
CUP & HANDLE PATTERN -
PERFECT HANDLE FORMED @ 50% RETRACED LEVEL
SCRIPT @ 52 WEEK HIGH
A BUY NEAR 123 LEVEL ON CLOSING BASIS
FOR TARGET OF 20-25 POINTS
disclaimer - for study purpose only
GOOD MOVE SEEN FROM 1033 TO 1055+
MORE 50-100 PTS CAN BE SEEN ON CHART
ABOVE 1055
SUPPORTING FACTORS - CURRENT VOLUME BAR + RSI STRONG BULLISH STRENGTH
BELOW IS THE PREVIOUS SHARED IDEA POST ON LT FOR REFERENCE
REASONS
>>>. trianlge breakout
>>>: flag formation breakout
>>>: retesting breakout support line @ 612 level
THIS SERIES BUY FOR SWING TRADERS POSSIBLE @ CURRENT LEVEL
OR AT A DIP TOWARDS SUPPORT LINES
WITH 650-660-AS TARGET ZONE ON RADAR
disclaimer - trade @ own risk
TVS MOTOR VIEW CONTINUATION (disclaimer - for study purpose only)
BUY ENTRY WAS SUGGESTED FROM 483 LEVEL WITH TARGET RANGE 500-515
WHICH IS ACHIEVED
WHEN IT COMES TO PATTERN FORMATIONS
WE CAN SEE ON DAILY CHART
SCRIPT HAS MADE INVERSE HEAD & SHOULDER PATTERN
+ CUP & HANDLE PATTERN
COMING TO SUPPORT & RESISTANCE CHECK :-
THE SCRIPT IS NEAR THE LEVEL WHICH...
positional buy
around 135 level
till 123 stays in tact on closing basis
trend analysis shows - script has been following small rounding patterns since the fall in the year's beginning
disclaimer - for study purpose.
TWEEZER TOP DESCRIPTION
>> BEARISH PATTERN, IDENTIFYING A RESISTANCE LEVEL
>> 2 OR MRE CANDLES WITH THE HIGH POINT ACHIEVING THE SAME LEVEL
>> CANDLES CAN BE EITHER COLOUR
PSYCHOLOGY
THE UPPER EXTREME OF THE SHADOW REPRESENTS AN AREA F RESISTANCE.
BULLS WERE NOT WILLING TO BUY ABOVE THIS PRICE, SO THE BEARS RETURNED IN FORCE
TO DRIVE THE PRICE BACK...
based on W pattern formation
entry for buyers possible here
@ 1535-30 level
for target 1560 +
stop as comfort
supporting points
>>> RSI consistently showing bullish momentum
>>> resistance line 1535 possible break for next upmove
disclaimer - join your own study to enter trade.
BASED ON PULLBACK THEORY
STAY LONG WITH STOP 1380 ON CLOSING BASIS
WHAT IS PULLBACK ???
A pullback is a temporary reversal of the current trend, either up or down. The price action in the market moves like a wave:
- in an uptrend market, you will see price continue to increase but even whilst it is increasing, there will be times when price will drop. Then...
OBSERVATION :-
TWICE RESISTANCE LEVEL 255 TOUCHED
***RSI*** ON ALL BIG TIME FRAMES
ABOVE 65 - 70 MARK
SAYS
BULLISH TREND CAN STAY ON
A DEFINITE BUY SEEMS ON CARDS
OR HOLD LONG POSITIONS FOR SOME MORE TIME
disclaimer - join your own study to enter trade
PREVIOUS SBIN LONG VIEW ATTACHED BELOW
CONTINUATION TO IDEA POST OF HOURS AGO 🕵️♀️
VIEW ON CLOSE 👉
INDEX TOO DIDNT JUMP OFF THE TRAIN
TOOK STOPPAGE (CLOSED) @ THE SUPPORT STATION (TRENDLINE)
WILL THIS TRAIN TAKE A U TURN N GO DOWN TOWARDS KANYA KUMARI OR RUN UP TOWARDS KASHMIR ???
🤦♂️THIS CLOSE MAKES IT MORE INTERESTING EXPIRY DAY 🤦♀️
BELOW IS THE PREVIOUS CHART FOR REFERENCE 👇👇👇
