banknifty bullish momentum trade.After breaking from 33600 level, Nifty has entered momentum zone.
Target- 35800
Support- 33900.
Reversal
Very bullish setup to take positionLTI have taken good support with strong reversal pattern and looks very bullish for short term.
Reversal with good volumes, today formed bullish englufing and there is also a money flow index reversal.
Very very bullish setup I have got here.
Those who are willing to enter, this is the right time.
This post is for information purpose only.
Nifty may Reverse ??looks like it is forming Bullish structure
Nifty can reverse from here...(normal retrenchment in bull market )
i m expecting 14950 - 15000.....
if it break 14900 further 100-200 point fall can possible....
Disclaimer:
I m just sharing my view not responsible for any profit or loss.
ZEEL BREAKOUT FROM CHANNELKeep an eye on this stock
logic
1. Weekly trendline support
2.Channel breakout
3.Huge volumes
4. Very good R: R
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Bitcoin Bulls display fatigue - A rising Wedge Pattern Trying to re-cross the 60000 "Psychological Mark", BTC bulls tried long at upper resistance line of the rising wedge. WIth strong resistance and exhaustive moves, it seems the bears might move in to play their part, soon. If there is a move below 56000, than we might see a some more downward motion towards 52400 or so.
Saying this, until we see a breakdown, the bulls will still try to push up or keep the consolidation mode on.
The rising wedge is made of converging trendlines connecting higher lows and higher highs. The converging part of the trendline indicates the decrease in upside momentum. Therefore, a downward breakage– a move below the lower end of the rising wedge – is considered a sign of bears moving in.
Reliance Industries- Intraday 10 May 2021 As RIL formed a symmetrical triangle, Long can be executed once the trend line got broken in both RSI and the price chart in upside.
And short can be executed similarly vice versa.
As the stock shows good bullish trend, we can expect a long trade with a target of 1956 and 1975.
Even if the stock broke the trend line downside, it will reverse soon as the RSI value will be very less. So we can enter again in Long in the mentioned Strong support zone.
Kindly share your valuable feedback.
Disclaimer: Please do your own research and take your trade. This view is for educational purpose only.
iglBearish butterfly
Enty552
Target 542
Sl 562
if have any quistion,most welcome .
sorry for image cut in last post.
Technical Analysis : RELIANCE getting ready for short... :)Reliance Chart in following leaps,
Slightly in Downtrend, (from OCT2020)
Head & Shoulders TOP, (Created high price- the HEAD and now the reversal action)
A triangle Flag pattern, (In Daily | hourly time frames confirming traders sentiment for selling)
RSI is not oversold, in higher time frames, and in lower's reaching to Oversold.
Confirming, to reach oversold level, at H&S target. Or bounce back to new highs at pre-support levels.
Bonus:
Current price's Hype & high is also due to on past H&S at bottom Between Jan2020 and June 2020.
Price reached past target now slightly in Downtrend.
Traders may square off and reopen at low prices, until any positive sentiment news appears "_"
Consider my work as beginner's.
Hoping, analyzed, well sortoff.
-VK
Zeel: at weekly chart shows trend reversalzeel showing strength on weekly chart with strong RSI +ve diversion plus trend reversal on weekly chart breakout retest also done on friday it completed apana wala candle formation on daily chart next 3 trading session it can give 5% move on upside on radar.
Good News for Bulls In the Market- H&S pattern in US 10 YR BondsHey Guys, Fingers crossed!! I Hope this Right shoulder gets complete on monday and again Bonds may get to hell. Reversal in bonds may happen from now on if this pattern gets rightfully completed. So, Monday is a very crucial day to decide what the stock market will be going to perform in the coming week and month.
Hope you all would have liked the analysis. Also see my recent analysis on Axis Bank and Berger paint as well.
Do follow me on trandingview for more analysis like this.
NIFTY post market analysis on 15/02/2021NIFTY post market analysis on 15/02/2021
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Chance in BritanniaThe chart indicates a possible support here. A stop-loss around 3380 should be placed and a target of 3600 and 3660 can be seen in the near term as far as stop-loss is saved.
This is for educational and knowledge sharing purpose.
NOT A TRADING ADVICE.
Please comment with your views.
Sell TVSMOTOR FUTSell tvsmotors at 650 with sl 662 tgt 630-620 the reason is after long rally come down some point to gather more power.
DOES NIFTY50 IS GOING TO STOP FALLING?As we can see NIFTY50 broken from the ascending triangle and consistently falling.
CASE 1.
NIFTY is at a major support level if it will break level we might see some more bearish move to downside at 50% fib level and then to another support level
CASE 2.
NIFTY bounce back from the support level To 14220 level and then above resistance zone
Let me know guys if you liked my analysis on NIFTY50 and do share your views on NIFTY50
USDINR Trend reversalBoth USDINR and DXY have been trending downwards since March and finally USDINR has made a base at 72.7. It has already started showing strength in and is forming an upward channel. It is likely to test the upper end of the channel by end of this expiry.
Target of 74.5 by end of this month. Stop loss daily close below 72.25. It can still go higher if the upper-end of trend linebreaks, will update that later
Its better to play this trend with options by doing a bull call spread
BANKNIFTY | RSI divergence - Looks good to go longBANKNIFTY | RSI divergence - Looks good to go long - Only intraday
CMP : 29250
SL : 29140
Target : 29700 or (Risk x 2 times atleast)
