Reversal
Analysis for Bank Nifty
-This is how I see Bank-Nifty view for longterm like 2 weeks . We can buy a Hero-Zero of "37400CE 23 Sep" so we can have a nice big target
-First target is 37000 second can be 37200 & Third can be 37400 ,But if market Break the level of 36946.60 then i will go for a long till that time i will wait :)))
the reason of this longvision is " we had saw an all time high at 15 Feb after that market had gone in a "Consolidation zone" this is why i an hoping a nice good game in this 15 days
A retast had also come in a bigger time frame like 4H Now no one can stop this rally if it touch the level of 36946.60
BEST OF LUCK BANKNIFTY
NSE:BANKNIFTY
Hdfc Amc Profit Booking ZoneHEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...
THANK YOU...
~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only...
Exide Industries Reversal
Exide Industries Reversal at 150-152
Sl Closing Basis 142
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THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
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~Disclaimer: All views and charts shared in this terminal are purely for knowledge and information purposes only.
NIfty Reversal
Nifty Reversal Happen At 16902.00-16920.00
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
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~Disclaimer: All views and charts shared in this terminal are purely for knowledge and information purposes only.
Sbi Life ReversalReversal Happen At 1324-1357
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS VIDEO. DON'T FORGET TO SUBSCRIBE.
COMMENTS WRITE DOWN BELOW OF THIS Chart...
THANK YOU...
~Disclaimer: All views and charts shared in this terminal are purely for knowledge and information purposes only.
#VEDL: Swing Trading With Positive Divergence StrategyOn the hourly time-frame chart we can observe the positive divergence against the prices.
As the candles have broken out from the trend line it was a good entry confirmation.
Stop-loss will be the low of the swing.
First target level will be 291 levels.
Britannia potential break outNSE:BRITANNIA
Hello all!
Britannia has been forming a pole and flag pattern. It has been consolidating inside the flag since July 2020. Right now the stock has formed a strong bullish candle grazing the upper trendline.
Also, the stock is taking support from its 50 week EMA. Both these factors indicate the possibility of a breakout which opens up an opportunity for going long.
As I am more comfortable with swing reversals, I would have taken a long position if it would have touched the bottom trendline. But if the stock breaks out, a fresh long position can be created after the retest of the trendline. The Risk to Reward ratio will also be decent.
If the stock instead fails and drops again, we can wait till it hits the bottom of the lower trendline of the channel and then create a long position after spotting signs of reversal. The SL will also be minimal.
What's your take on this?
HAPPY TRADING!!!
NOT A CALL
Double bottom kind of formation near Trend line SupportThe stock of Edelweiss given the ascending triangle breakout from 87 and reached the price of 100, in the longer daily time frame. Now it has retested the price range and reversed from the daily trendline with the formation of a double bottom kind of Price pattern. The neckline of the same is in the range of 86-87, Breakout from 87.1 can lead the Price to 93.8 which will be our target. We can keep sl at 82.95.
Is it a comeback of this beast?What is RSI negative divergence?
Negative divergence happens when the price of a
security is in an uptrend and a major indicator
such as relative strength index (RSI) heads
downward.
Price has fallen almost 25% from all
time high levels, it has given breakout
from the falling trend if sustained can
make a new all time high but first
price has to clear ₹ 206 levels.
POSSIBILITY OF A REVERSAL IN MOTHERSONSUMIMothersonsumi has been on an ascending Parallel Channel from October 2020. After making a High of 272.85 on 2nd June it has been drifting lower to take support at the bottom Trendline with a Low of 220.65 today.
We have to see if there is a reversal or if it breaks the lower trendline. If it breaks then the next support would be around 195-200.
Wait and see the closing tomorrow before taking a decision.