Quick Targets Series : #3BINANCE:BTCPERP
Market sideways for sometime now, A break on the top pivot or the bottom pivot as shown an entry looks promising.
Resistence
TITAN trend short sell playStock had seemingly formed a toppish formation with curve formation
now stock as long as trading below 2550 it can see slide towards 2280-2320 areas
POLYCAB INDIA going to collapseHuge selling is incoming in POLYCAB INDIA !! If you are holding polycab, try to exit as soon as possible... Big Crash is waiting :)
Closely watching HDFC BANKNSE:HDFCBANK From this weekly chart of HDFC Bank we could see how the stock has been consolidating within the tight range of 1590 - 1650( yellow lines)
The stock is just 6% - 7% away from its all-time high.
So I will be watching this tight range ( expecting a breakout) considering support for bank nifty at the 42850 - 42700 level.
Apart from technical aspects, it is important to closely watch the monetary policy for tomorrow. The market expects a 25 - 35 points hike.
*Analysis is completely for educational purposes and not any kind of stock recommendation.
Nifty Price ActionWait for Nifty to Hit it's resistance. Once it touches the supply zone, huge selling will be triggered !!
GOLDEN CROSSOVER INFYWatchout for Golden crossover in INFY above Red Resistance zone it will become highly bullish.
Trade as per your setup.
NIFTY OUTLOOKIn the previous NIFTY OUTLOOK Nifty was expected to be range bound within the zone 17442-17561 for continuously 3 days Nifty was range bound with closing in the mentioned range. And on Thursday evening I expected a breakout and I thank NIFTY for respecting the expectation on Friday market opening.
Currently NIFTY is expected to open gap up on the occasion of Muhurat trading . And this gap up is expected to be a Break away Gap as well. It may trade sideways and then come down towards the previous close to form a Pivot Point. Once the pivot point is identified I would update the same in this post .The upcoming resistance level would be 17850-900 level as it is an important Support and Resistance level and it is the 78.6 % retracement level of the entire downside trend from NIFTY's all time high.
A long term view for NIFTY could be seen in this way ,As majority of the global market indices haven't even retraced 50% of the entire downtrend, any bullishness in them could push the indian markets even higher towards 18900.
CHART & ANALYSIS BY - ADARSH DEY
Link to my Previous Idea:
VEDLVEDL approaching major resistance zone, it is likely to breakout, trade according to your setup and price action.
Important zoneAARTIIND approaching breakout area, there are multiple resistances at one point so that we can call it conjunction point.
If script sustain above this area then we can call it a possible breakout.
Trade as per your setup and Price action.
USDCHF Trading planAs we are seeing USDCHF has come near its STRONG SUPPORT and it seems as if it will move towards itself by taking SUPPORT 0.94100 from here, still if it breaks this support then it will act as a STRONG RESISTANCE 0.94100 stand.
Hello tradingview famliy welcome to my TRADING IDEA like and follow.
#ongc trade idea kindly follow the levels given on chart
stoploss should be on closing basis
note this is only for educational purpose
Good potential set up in UltratechChart pattern and levels mentioned in chart.
Follow strict risk management
Fin nifty Intraday levels for 02.11.2022Resistance level:18675.50
Support level : 18565
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame *****
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
spotting resistance level on a reversal trendstock has formed a rounding bottom and is likely to form a cup and handle pattern after hitting resistance.
Mindtree nice trendline breakout Chart pattern and levels are mentioned in chart.
Next resistance zone is first target.
Follow strict risk management.
Map my india in triangle#mapmyindia
#ceinfo
May my india
Looks good and in resistance area.
Wait for breakout to go long.
#vr
LONG- GRANULES 1D TFGRANULES INDIA is forming flag and pole pattern and now gave the breakout from the flag with good volume on 1D TF.
Pole formed from March 2020 to Nov 2020, and since then it is consolidating in the flag portion till SEP 2020.
Recently after consolidating at top of flag resistance for 80+ days (50+ bars) it has given breakout on 30th SEP 2022 with good volume.
If market doesn't falls aggresively in next fews days, this can be a good swing trade.
Target- 395, 437, 540
SL- 295
Maruti on Daily timeframeMaruti running on Trendline
Breakout on downside can give targets upto 8840
For educational purpose only
Potential set up in camsIdentify a very good chart pattern, your entry levels, potential positional targets and stop loss as per your risk
Levels mentioned in chart.
Follow strict risk management.
