💡180 - 365 DAYS HOLDING PICK💡 -💡 HAVELLS 💡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
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JOINING BOTH LONG TERM TIME FRAMES - THIS SCRIPT CAN BE PICKED AS AN INVESTMENT
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Rachanakothari
STAY LONG ON TITAN ⌚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 price rises up again going past its previous higher high (example form the chart above).
- in a downtrend market, the same but opposite happens. Price will continue to fall but there will be times when it will rise only to drop back and go down past its prior lower low
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Reversal Signs Signals 👀 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
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ADANIPORT --->>> HIT WICKET OR SIXER NOW ? 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 THEN KEEPING STOP OF 378
GO LONG FOR 1:1 / 1:2 TARGET RANGE
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✨TERM OF THE DAY✨ = TIME VALUE OF MONEY (VIEW SHARED AS READ)... is the concept that
money available at the present time
is worth more then the identical sum
in the future due to its potential earning capacity.
This core principle of Finance holds that
provided money can earn interest,
any amount of money is worth more then sooner
it is received.
disclaimer - shared what i read, learnt, applying
BUY NIFTY ON NECKLINE BREAK OF CUP & HANDLE + H&S 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 13200
disclaimer - @ your own risk
INDEX EXPECTED MOVE BASED ON STOCKRSI + CHANNEL RANGE 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 ON FURTHER - A BUY CAN BE SEEN IN 2ND HALF AFTER A BOTTOM HIT IN INDEX
WITH KEEPING TARGET LEVEL NEAR TOP TREND LINE
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🔣NIFTY NOVEMBER EXPIRY STUDY - 30TH OCT - 26TH NOV 🔣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 CANDLES
YDAY AND TODAY'S CANDLE IS NOW SHOWING SOME DIFF SCENARIO
WHERE IN SELLERS SEEMS HAVE GOT MORE POWERFUL
BUYERS SHUD HENCE STAY A BOT CAUTIOUS WITH THEIR STRICT STOP LOSS
AS ITS KNOWN
" HIROSHIMA & NAGASAKI WERE DESTROYED IN A DAY"
note - just an observation
TERM OF THE DAY ==EXIT STRATEGY (SOME VIEW SHARED AS READ WHILE)💨An Exit Strategy is a contingency plan
that is executed by an
Investor, Trader, Venture Capitalist, or Business Owner
to liquidate a position in a financial asset
or dispose of tangible business assets once predetermined criteria
for either has been met or exceeded.
💨An Exit Strategy may be executed
to exit a non-performing investment
or close an unprofitable business.
In this case, the purpose of the
exit strategy is to limit losses.
disclaimer - its only shared with intent to share something which i read and has helped me
MARUTI IDEA CONTINUATION - NOW ON 4 HR FROM DAILYWITH 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
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BUY GIVEN IN AXIS - NOW SALE LEVEL IN THIS IDEA PREVIOUSLY BUY TRADE IDEA POSTED ( LINK SHARED BELOW FOR REFERENCE)
POST WHICH NOW
***W*** PATTERN FORMATION ON 15 MN TF - ( HARMONIC PATTERN )
WHICH USUALLY GIVES A FALL ON PATTERN COMPLETION.
BASED ON THEORY - SALE WUD BE TRIGGERED @ 630 - 32 LEVEL
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