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Rangetrading

Nifty Range Breakout/Breakdown Expected.Nifty is stuck in a range since 18 March 20. On 8th March tried to break the range on upside but the attempt was rejected. Within next 2 sessions Nifty touched the lower end. Lower end is also the lower range of the gap that was created during the budget move After 12th March Nifty took support on lower end. of the range. If you observe it took 3 sessions to absorb the selling on 12th March . Nifty made a Lower High as marked on chart. Yesterday there was a good gap up opening, but it didn't sustained and Nifty reached the lower end of the range. This makes my view slightly on bearish side, but will wait for the Range Breakout/Breakdown. When there is range breakout usually big moves occur. Check Attached links for references If Nifty Breaks down there is no immediate support in between till the indecision zone marked. Bank Nifty has already reached the same indecision zone. Check the Chart Below
NSE:NIFTY
by varadtambolkar
5
Double Confirmation Trade on Nifty50There were 2 strong indications to go short on Nifty: 1. M pattern (Double top) forming around 15,230. 2. TrendLine break and last kiss was also seen. The target logically was the last region of consolidation where I expected Nifty to find support, which was around 15,100. The market has been range bound since the post budget rally and is finding it difficult to break significant levels to move higher. This means that trading the boundaries is more logical and will yield more profits. The market bounced back very sharply from 15,000 and moved to the other extreme of 15,200.
NSE:NIFTYShort
by ArcherDAVIS
3
HDFC bank | Trendline Breakdown 🎯⭕ Swing Trading opportunity ! 4hr Chart Alert !!!⭕ --short below =1429 or CMP --Target = 1397 | 1358 --Stop-loss = 1465 --R:R =1.49 --Expected Profit = (5% ) --Expected Holding = 15 days only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕ 1) hdfc bank has given the breakdown of trendline & support & 50ems as well 2) doji candlestick pattern & big bearish candle running 3) volumes is also decent 4) rsi divergence strategy applied Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:HDFCBANKShort
by ReviveTraders
9
BAJAJFINANCE :AnalysisThe stock has given breakout from its monthly as well as weekly support levels. A possible retracement is underway, if this support level was held firm by this stock then there will be continuity in the uptrend. . The safest entry levels are above 5400.00 Levels and SL must be below the immediate swing low. . Wating current market sentiment Risky Trades can enter at 5100.00 levels if found sustaining the support levels. Recommended Sl must be near 4950.00 to 4900.00 . Calculate ur RR ratio and then trade. PS: I am expecting a halt at support levels for a bit them momentum might continue.
NSE:BAJFINANCE
by Umang_Sharma
Britannia trade analysis & opportunities Price after a big up trend breaking 2 years resistance now trading in range market / consolidation. If breaks 4000 then once again a big uptrend is possible. But one can trade this script when the price touches the channel bottom. Recently price touched 3600 range and went up to the channel 3900, in this trade one would have made 300 points with simple price action. 2 chances to initiate a trade. Either wait for 4000 cross or buy on channel bottom considering it as support level.
NSE:BRITANNIAEducation
by Tradersasi23