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PERSISTENTPERSISTENT:- Ascending triangle pattern has formed and the stock is trading in a small range near the resistance, it may give downside movement, wait for proper entry, till then keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:PERSISTENTLong
by AjayDhakad_Keep_it_simple
Observing the range in Adani PortsHi Readers, The time-frame chosen for this analysis is weekly because it erases a lot of noise from the chart and helps us understand the structure and the sensitivity of the patterns better. The candles have been neutralised as well to help us analyse the script better as it equates everything to a single unit. The script AdaniPorts has been inside a range for 1.5 Years and seems to be inside the same range for few more weeks before finding its trajectory. But what's more interesting is there seems to be another mini range inside the big range (Volatility and High volumes generally tend to make the stock range bound). There is a lot of Accumulation and Distribution which happens within the range. In simpler words the money moves from the one hand to another over a long period of time and either breakout or breakdown. In the case of Adani Ports, there has been an attempt made to breakout in the week of 12th Sept which was captured by the bears within next week which indicates they have a strong hand within the range and bulls are finding it hard to break it through the middle trendline(MT) as well. Currently, we are resting on the MT and a move downwards could take us to the Bottom Trendline(BT). Any move upwards should be witnessed cautiously as the probability of bears trapping the bulls could be high. We will get a good confirmation on either sides for a genuine breakout/breakdown. For now the stock is added to our observatory list for further analysis.
NSE:ADANIPORTS
by Sarthak_Singh
2
Nifty 50 index flat until....Nifty after the initial gallop will consolidate and would be flat, the last 90 mins were rangebound between 18667 & 18616. ADX must move over 25 to point toward a trending market. Also, price volume needs to move over its signal line else the index is expected rangebound. PIVOTS Levels R3 18742.05 R2 18693.94 R1 18664.21 P 18616.1 S1 18567.99 S2 18538.26 S3 18490.15 Disclaimer: The content provided here is purely the views of the author and traders or investors need to follow their own analysis prior or consult a financial planner prior to investing. Investments in the stock market are subject to market risk.
NSE:NIFTY
by blr.sunila
Range Bound Breakout expected at 2184NSE:VINATIORGA Structure : Range bound What is range bound market? Whenever a stock or index is trading between support and resistance it is called Range bound. There is no strong move in either direction. Prices tend to ping back and forth near old highs and then fall to prior lows. The range-bound movement usually occurs at the end of a large move as the bulls and the bears fight over the direction of the next move. Generally breakout occur at the previous direction of the underlying. Range Bound Level : 1770 to 2130 Range bound levels are clearly drawn in the chart as support and Resistance. Break out level : 2184 CMP : 2170 Advance Buy Order @ >= 2185 Reason : Range Breakout at 2185 Long Term Target: 2540 - 2560 + + + Short Term Target : 2300 - 2400 - 2500 - 2540 + + + Note: BUY only > = 2185. CMP 2170
NSE:VINATIORGALong
by FalgunPrajapatiTrading
First time doing nifty 50 analysis For nifty 50 = 17630-635 is a level where price rejected multiple times, so if price price gives a breakout at 5 min. chart, one should buy call option. Reasons for continuation- 1. From last two days there is no directonal move so it may 2.Monthly expiry ( I have observed many times that if two or three days before the monthly expiry move is range bound then there is high probability for directional move) If you are a index option buyer then you must try this strategy. This works for me, it will work for you. It gives you huge risk reward as compare to other days becuase the on direction move. Please read & do comment so that I can find more opportunities to improve my self for more good analysis. THANKS
NSE:NIFTYLong
by mahhisingh
Nifty Analysis for Next week 30-06-2022Nifty Accumulation Phase Identified on June 21 0008hrs After accumulation in nifty price broke out and sustained above the accumulation range. and gave a retest twice .. Second confirmation : A Symetrical triangle breakout and sustained above it all day on friday Now we have a confirmation that price is about to go bullish for the time being .. So whats the target area (Or) a confirmation area where we can say that we hit the bottom and we are about to see bull run? 16000 - 16200 is the area where you can take confirmation as you can see there is a trend line that might act as resistance. If only this area is breached and sustained .. we can say yes we have hit our bottom. 16000 is a psycological level keep an eye on this area. Direction possibilities are givenon the chart
NSE:NIFTY1!Long
by TeamTaurus
1