Resistance_level
What Next ?can there be fall from all time high price level ?
yeah possible
RSI - drawn resistance trend line to be watched
consistent volume has given descent support so far
so keep a watch on volume candles
exit short on crossing and closing above
rising Resistance trend line
where to book short ?
or
where to enter for fresh long?
levels for above questions -
541, 530, 515
disclaimer - for study purpose only
#Nifty Trade Setup For Monday (21st June)So market has retraced at the level of .6
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Rsi is 57 so it means at that level market can goes up.
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Upper side resistance is 15759, so maybe Nifty can touch this level and can reverse.
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If Nifty break 15759, so it can give you the move.
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You can also share your views in comment box.
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ASPINWALL - Explained my thought process💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰Storytime :
This stock from 28dec till 20 may create a good channel pattern, which was contracting and consolidating.
With a BO on 4 march of inverted HnS or triangle pattern, anything is ok. gave 30% in 2 days.
Means stock BO is a mover fast one :) just have to catch them.
On 15 march stock came back to its original channel coz of breakdown and again respected the channels support line on 19 march + a good pin bar on 6 May = bullish.
On 12 May the stock tried to Break the pattern again but gave a super bearish hammer.
So basically it does not want to go down either up = range bounded.
on 20 may the stock again pop out of the channel and finally ready to go up, but the candle is again indecisive.
To date, the stock is above that channel contraction pattern = good support now from those levels.
Also on 16th June, it gave a good BO but still a rising resistance trendline is there to hold it back, if in some days including today it breaks this line (the yellow one) amazing north move.
🔰 {Some info about me}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
Adani Power - Ready Set GO !!🔰 MY thought process :
⭐Symmetrical pattern BO again at monthly resistance
🔰Am I taking this trade now:
Already in it :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
IOC Share Price Trend AnalysisMay 07, 2021
Today on 1HR Chart Time frame IOC given 2 breakouts with Good Vol of 9.57 Million.
First Breakout is of Trend which was maintained by IOC since April 2021. A resistance has been breakout along with a support which was braked by IOC Share in March 2021. Now this support worked as resistance since last two months which IOC was trying to break. Today it was also broke & closing is on above the resistance Level.
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
This was just for educational purpose only & not recommending to BUY/SELL of any Script.