💡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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Rachanazreach
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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SBIN LONG HOLD FOR MORE 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
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PREVIOUS SBIN LONG VIEW ATTACHED BELOW
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