BASED ON MONTHLY CHART REASONS ROUNDING PATTERN AFTER A BIG RALLY ADX & RSI GUD SUPPORT TOWARDS BULLISH TREND COMING TO DAILY FRAME WE SEE SMALL ASCENDING TRIANGLE FORMATION LAST FEW DAYS HAS SHOWN FALL YET OSCILLATORS ATTACHED WITH MONTHLY FRAME - ARE ON DAILY FRAME TOO IN SUPPORT OF OVERALL BUYERS MOOD in.tradingview.com JOINING BOTH LONG TERM TIME...
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...
REASONS > CROSSED 52 WEEK HIGH > NECKLINE BREAK OF HEAD & SHOULDER PATTERN > NECKLINE BREAK OF ROUNDING PATTER > RSI SHOWING BULLISH MOMENTUM SAYING ONGOING BULLISH TREND BUY - TARGET - STOP LEVELS GIVEN IN IDEA POST disclaimer - join your own study for taking entry
BUY LEVELS WITH STOP AND TARGETS MENTIONED ABOVE BIGGER TIME FRAME ANALYSIS WAS POSTED ON MY PROFILE EARLIER DETAILS ATTACHED BELOW disclaimer - join your study to enter trade
Rounding pattern formation Lead to a bullish rally Later on breaking of neckline All follow up candles touched neckline Interesting note is last 3 day candles Almost DOJI candles back to back These makes it curious for a reversal and start of downtrend below neckline Sale wud trigger around 104-103 with so 108 disclaimer join your study to take trade
OBSERVATION :- Whenever before the script got hit from Top Level - ADX was in cluster, though rsi was above 65 level showing strong bullish trend This time script is again near the same level will it cross this time or again will get a HIT ??? RSI near 70 ( strong bullish trend ) ADX slowly crossng -DI, +DI above adx & - DI NOTE = IF THE SCRIPT CROSSES HIGH...
LEVELS MENTIONED IN IDEA ABOVE CLICK TO READ AND NOTE disclaimer - for study purpose.
BUY ABOVE 13020 WITH STOP 12933 T1 - 13080 T2 - 13135 T3 - 13160 REASON - CUP AND HANDLE + INVERTED HEAD & SHOULDER PATTER HAVING COMMON NECKLINE BASED ON NECKLINE BREAK CONCEPT ABOVE TRADE CAN BE INITIATED ALSO LOOKING INTO OPEN INTEREST ANALYSIS :- MAX PAIN @ 13000 SUPPORT LEVELS - 12900 & 12800 RESISTANCE LEVELS - 13100 & 13200 RANGE BECOMES - 12800 TO...
ADX ON MOMENTUM +DI ABOVE ADX -DI BELOW ADX RSI MODERATE BULLISH LEVEL STAY ON WITH THE GOING TREND NO JUMPING OFF FROM RUNNING TRAIN ?? disclaimer - only observation
DETAILS GIVEN THE IDEA POST PING / COMMENT FOR FURTHER DISCUSSION
BAT HARMONIC FORMATION TRIGGERS SALE WITH TARGETS AND STOP GIVEN IN IDEA POST disclaimer - study own - join - trade
AS ITS SEEN 👉 BANK NIFTY IS TRADING IN A RANGE/CHANNEL STOCHASTIC RSI IS ATTACHED TO CHART AS I FEEL IT WORKS BEST WHEN THE MARKET IS TRADING IN CONSISTENT RANGES. IF WE JOIN STOCH RSI TOP/BOTTOM WITH TREND LINE AND MATCH IT WITH INDEX WE SEE UPWARD REVERSAL WHENEVER STOCK RSI HAS TOUCHED ITS SUPPORT LINE TAKING INTO THIS IN MIND THAT THIS TREND WILL STAY...
SMALLER TIME FRAME SHOWS CUP & HANDLE PATTERN 2 ROUNDING PATTERN NECKLINE OF WHICH IS RIGHT NOW BROKEN DOES THIS LEAD US TO NEW LOW FOR THE DAY ? BELOW ATTACHED HIGHER TIME FRAME IDEA POST
STUDY OF NOVEMBER EXPIRY 30TH OCT - 26TH NOV ALL RED CANDLES EXCEPT YDAY'S N TODAY'S ARE ALMOST DOJI CANDLES giving some thought to this pattern :- TILL 24TH NOV - WE CAN SAY BUYERS WERE IN FULL STRENGTH AS EACH DAY WHEN THE DAY HAD SELLERS STRENGTH AND CANDLE WAS TRYING TO CLOSE IN RED BAR BUYERS CAME IN N PULLED IN EQUAL STRENGTH WHICH LEAD TO DOJI...
WITH THE CONTINUATION OF BANK NIFTY IDEA POST OF TODAY PROFIT BOOKING SEEN LEADING TO SOME FALL IN INDEX BUT WILL IT STILL KEEP FALLING OR THE CRUCIAL LEVEL WILL BE RESPECTED ? COMMENT YOUR VIEWS TRADERS 🤞🤞🤞 PREVIOUS IDEA POST LINK ATTACHED FOR REFERENCE 👇👇👇
SMALL SHORT TRADE SALE @ 835 STOP ABOVE 861 T1 - 828 T2 - 822 T3 819 DISCRIPTION :- DOUBLE TOP FORMATION INSIDE BAR TRADE TAKEN OUT BASED ON INSIDE BAR BREAKOUT + DOUBLE TOP NECKLINE BREAKOUT disclaimer - trade @ own risk
WITH CONTINUATION FROM DAILY TO 4 HOUR TIME FRAME - THERE SEEMS TO BE DESCENDING TRIANGLE FORMATION CURRENTLY ITS TAKING SUPPORT @ TREND LINE OF FORMATION A BREAK BELOW - FALL WHICH WILL COINCIDE WITH DAILY FRAME ANALYSIS. IF NOT CAN GO BACK TO RETEST NECK LINE ON WATCH-LIST NOW disclaimer - join your own study to enter a trade