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Analysis of Nifty Energy Weekly Chart by Heikin Ashi and Renko The energy index looks bullish on weekly charts as there are no signs of weakness. As the Heikin Ashi chart has been making green candles also the structure of the chart is good. The overall feel of the chart is good. On daily charts the price is on the bottom of parallel channel and on the same pivots. Renko is also making a green brick. The stock may face high volatility on lower time frames. But from these levels the downside is less.
NSE:CNXENERGY
by ssvirdi
Banknifty Daily ChartTrade Setup Short October Futures from the pullback level or current level. High Volatility Candlestick Chart 25% move from 32290 (17 Jun 2022) to 39759 (19 Aug 2022) If we draw Fibonacci retracement for the same level then the 38.20% level comes at 36906.40. Macd - Bearish Crossover Renko Chart Fake breakout of resistance at the level of 39011 and starts traded below the level. Red bricks start appearing. Heikin Ashi Chart A long red candle is formed. All recent lows are broken by this candle. Conclustion If the price starts its downward move, then it will test the levels of 36906.
NSE:BANKNIFTYShort
by ssvirdi
TRADING MADE EASY ------RENKO TRADING It is asimple trading technique which can be used on all time frames. The renko brick size can be adjusted by chossing traditional brick size instead of ATR brick method. We can choose the brick size according to our risk appetite for any script. Then by just adding 3 indicators , we can trade on any time frame . for intraday 5min and 15 min works superbly. We can access itraday renko by subscribing to PRO PLUS charts only, which is 30$ per month a bit expensive,but worth trying . Just follow super trend buy or sell signals and trade like robot without any emotions . Entry and exit should be made by 5min RENKO chart and observing 15 min chart simoultaneously.We have to consider projection boxes very carefully and time them, which can be specialised by daily trading intraday.
NSE:BAJFINANCE
by krishnasrinivas7674