XAUUSD - #GOLDGold may bounce from the lower end of the rectangle on if this is saved on closing basis on friday
A good consolidation is required for bulls if they want long term trend to be saved.
Rectangle
LT Infotech Cmp 4450 dated 20-7-2022LT Infotech Cmp 4450 dated 20-7-2022
1. Rectangle Pattern BO @ 4450.
Buy for a tgt of 4580-4750-4840-5090 SL 4300
It is just a view, pls trade at your own risk.
Escorts Cmp 1667 dated 18-7-2022Escorts Cmp 1667 dated 18-7-2022
1. Rectangle BO @ 1680
Buy above 1680 for a tgt of 1770-1805-1840-1880
SL 1575
It is just a view, pls trade at your own risk.
Keep an eye on Reliance In 15 Min Chart ,Watch Out for possible breakout or breakdown in Reliance.
Reliance is in very important zone, wait for proper breakout or breakdown with proper candle & Volume.
At present it is better to trade with Future and option than cash segment.
With Proper hedging and risk reward, we can enter in reliance.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
NSE:RELIANCE
HIGH PROBABILITY TRADE SET-UP IN HIMADRI SPECIALITYStock is trading in a zone near the all-time high price, which will most probably be going to act as a supply zone. Also stock has rallied almost 55-60% in one month and we can expect a price correction of 25%. In addition, these RSI values have given a clear divergence. So I'm expecting a fall in price in the coming days. Enter trade if the price closes below 81 with an SL at 86.5 and targets are mentioned on the chart. This is just my observation. Do your own analysis before making any financial decision.
NSE:HSCL
ETH Range Bound Mean Reverting TradeETH Has been trading a range of 1000-1250 and looks to continue that until a major event/stimulus.
Currently at the upper end of the channel, a short side trade can be initiated with the target of 1000/
View invalid if ETH breaks upper edge of channel towards 1300.
How to play potential level breakout (From my latest trade)Steps
1) Identify potential breakout zones , crucial supports , resistances ,trend line , Patters like (triangle , rectangle , consolidation )
TATA POWER
other examples
UJJIVAN
ADANIENT
BTCUSD
BANKNIFTY
2) Wait for breakout "do not enter just seeing the breakout " ,watch carefully the volumes , then wait for a price to retest the level.
Many times when the prices make a crucial level , big players tend to exhaust this opportunity and fools us by fake breakout you can see my UJJIVAN idea in the links below.
3) when in price retest and start moving up then enter above just high of recent up swing and keep sl at the low of latest down swing.
This three steps are most effective approach for playing out the breakouts.
GO LONG ON BSENSE:BSE
The stock has recently get demand from support zone.
now the stock has formed consolidation and formed a box if it breaks the stock will give up move .
A target of 660 in short term which is of 10%.and we should trail our stop loss till 720 which is quiet difficult but possible for bse
This is educational purpose.
GO LONG ON AEGIS LOGISTICSNSE:AEGISCHEM
The stock has formed a box of several days since September till now so if it breaks there will be a great upside move.
The is at its daily support which is from 2020 .
There is short term target which is resistances of the box 245 .
If it breaks then it is Swing trade which can be give more than 20 % returns of Rs 300 .
This is educational purpose.
ICICI bankPrice was consolidating and tried to give a break out. Without bullish strength again it consolidated within a narrow range. Buy above 716 with the stop loss of 711. Targets are 721,726 and 731.
Hdfc BankPrice is consolidating within a narrow range. Sustaining above the range will make the price to move upside. Buy above 1360 with the stop loss of 1340. Targets are 1380,1410,1440.
TATA POWER#TATAPOWER
Time to short this one now great levels to gain huge profits.
Energy sector showing weakness after a great really.
TATA power at crucial Support levels.
Short below 204.
Stop loss 208
Targets
1st - 185
2nd - 170
3rd - 140.
Strong conviction.
#short #sell @Equities
@tradingview_ @vivek_mashrani @Shorting @forextidings @Tredingview
Axis Bank Axis bank looks going to break the 1.5 years of consolidation from Jan 2021 to June 2022, which make axis bank fall further 15% to 20%
GO LONG ON ADANI PORTSNSE:ADANIPORTS
According to price action
It is at its daily supports zone . Also it have shown many time multiple support from the price from 660 to 640 previously.
If it takes retest a short term target can be seen of 695 and even can go to 720 in many days . But in such volatile market even such prices can be broken so be careful.
If 620 price level broken it can go upto 560 .It have very less possibility
This is educational purpose.
BANKNIFTY & NIFTY SUPPORT AND RESISTANCE FOR [16-06-2022]NSE:BANKNIFTY1!
The market has been moving in a range and refusing to break the 33200 support zone multiple times.
the bounce back is expected from this level.
but the downtrend is still intact unless it breaks any swing high and forms a higher low.
please find necessary support and resistance on the chart.
NSE:NIFTY
nifty major support 15650 tested multiple times and rebounded.
sgx nifty signalling a positive start today any long should be only above 15900- 15950.
happy trading , keep learning
NRBBEARING 15 Min AnalysisNRBBEARING is in sideways from past many days. We can see stock is rejecting 127-128 range at the same time buyers also showing their aggression that why we can see trendline also. Overall view is given in the chart. Trade @ your own risk. I am not SEBI Reg person. These views are for education purpose only.
COLPAL forming bearish flag.COLPAL on a daily time frame is consolidating in a narrow range for last 7 days.
The stock is trading below its 200 DMA and a bearish flag pattern is being formed.
Though, the stock held on to its hourly 200 ema and consolidated in 6-7 point range while day.
Support:- 1500, 1480-85
Resistance:- 1520, 1535
The stock can give a nice move either side.
Wait for the stock to sustain above the levels.
The trade can be intraday or swing.
For carrying the position wait for the day closing.
Syngene Ready for Upmove in 1hr TF.Hello Friend's, This stock is totally recommended for 14-06-2022 intraday player's. In this stock we can see that in the blood🩸 market this stock rise as well as my expectations.We are totally bullish on this. So tomorrow we will ready for upside also. We will buy it when price cross 543 & substain above with the clear target 🎯 of 547,555. Friend's, 🤓This Can be a jackpot trade tomorrow so don't forget to add your watchlist & keep your 👀 on it. Have a nice day traders. 🤗🤗
EURCHF on 4Hr TimeframeEURCHF is consolidating right now in a box. Along with that, it's taking support from the trend line. Our first target is 200 EMA on 1D Time frame, Which would be around 100 pips. If it breaks 200 EMA on 1D, then we can aim for 1.05010 and that would be around 60-70 more pips.
Very basic but pretty effective pattern - 'W' patternWe can easily see the chart of DIVISLAB forming the 'W' pattern. We can buy when there will be one green candle on the support of rectangular box.
How to buy the stock?
Buy above the high of the candle and put the stoploss below the low of the candle.
Target of this trade will be 1:3.
LONG ON INFOSYSNSE:INFY
According to prices action
If prices come across or breakout from 1565 there will be great swing trade till 1670.
There is also an important point to note there is gap to filled which was missed on 18 on earing day which is quartely result day .
this is for educational purpose,
RELIABLE PRICE ACTION SETUP - BAJAJ FINSERV LTDNSE:BAJAJFINSV
I don't have any name for this setup but it is very reliable in identifying short term trading opportunities with a high success rate.
The rationale behind this setup is that it identifies potential trend reversal trading opportunities.
The following rules should satisfy to validate the setup.
1. There should be the existence of a prior downtrend because if we are expecting a reversal then there should be something to reverse.
2. At the resistance line breakout zone the price should form a horizontal resistance with small price swings.
3. Volume should spike up on the breakout.
4. The depth of the pattern Can be used to project the target.
*price starts to react if that's a reversal or not
it forms any pattern on low volume.
price refuses to form new lower lows.
Sometimes RSI shows divergence as a confirmation tool.
Please always trade with stop loss to avoid a big drawdown.
Hope you found this helpful and I sincerely hope you find a ton of good formations to trade-in!
Happy Trading!
