Aarti drugs- A pre breakout tradeAnother stock from pharma sector which hasn't rallied.
IHNS pattern breakout above 575.
Levels mentioned on chart. Good move can be seen post breakout.
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Reversal
VIVIDHA - Probable multi fold set up1. Stock is penny, but chart shows strength
2. Risk to reward is 1:80 for long term
3. Only difficut part is holding period, but still worth the reward if this bull run continues for few more years
4. Small risk can be a worthwhile in such strong chart
This defensive sector is looking bullishPharma sector stocks have given a good bullish momentum in the past few months.
If we analyze the pharma sector, we can see a bounce from strong trendline with higher high, higher low formation.
Keep pharma stocks like Dr. Reddy, Sun pharma, etc. in your watchlist as we might see ATH levels in this stocks soon!
AGRITECH 1:9 RR trade set up1. Set up: Breakout & retest
2. 1:9+ RR trade
3. Breakout candle low is protected
NATIONALUM - Bullish Consolidation BreakoutNSE: NATIONALUM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Kopran Trade set up1. Trend - bullish
2. Stop loss hunt before upside move
3. Good strength in the candle if close at day's high
ADANIPORTS looks good for Swing TradeThe stock had been in a noticeable downtrend pattern, characterized by a series of lower highs. However, in a recent development, the price managed to break above the resistance line formed by connecting these lower highs. This break has resulted in a significant shift in the market dynamics.
The area where the price successfully breached the resistance line has now transformed into a demand zone. This demand zone serves as a pivotal support level, attracting buyers who believe the stock is undervalued at this level.
Interestingly, after reaching the demand zone, the price formed a remarkably bullish candlestick pattern. This candlestick indicates strong buying interest and suggests a robust bullish sentiment in the market.
Considering these developments, it appears that the stock is now primed for a swing trade opportunity. The shift from a downtrend to a bullish breakout, along with the confirmation of a demand zone and bullish candlestick, makes this stock an attractive option for traders looking to capitalize on potential price movements in the upward direction.
US 30 - Reversal signs?For the last 12 months, the index has been moving in a parallel channel. This time came to the lower levels. Today gave a bounce back from the desired level.
If momentum continues, the first target should be 33600.
Setup fails if breaches the lower levels of the parallel channel.
It is only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
A Pullback is possible in Nifty || Intraday levels 25/Sep/2023Good Morning Traders,
Nifty is trading at crucial support zone 19720-19620, if this levels get sustained then minor bounce back is possible. Well if nifty start trading above and sustained 19800 levels, then short covering is possible, as highest call writing seen at 19800 levels. Well guy's trade with carefully as market is highly volatile these days. Some momentum indicator has a positive crossover which indicates that a pull back can till 19850+ levels.
Important levels for Nifty:-
Strong support zone 19500-19550
Minor support zone 19620
Strong Resistance zone 19850-19880
Minor Resistance zone 19800
Buy above 19726, if levels sustains at least for 15 mints.
Targets we can see in upside 19799/19854
Keep stop loss at 19666
Sale below 19666, if levels sustains at least for 15 mints.
Targets we can see in downside 19570/19505
Keep stop loss at 19726
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Dow Jones Trade set up1. Trend - Bullish
2. Trend Reversal - Probable Double Bottom
3. Early Entry - Before break of neck line
4. TSL can be Aggressive SL for aggressive traders else 34029 level would be a proper room to cover up the volatility
Early entry setupStock is recovery face . One can take early entry bcoz I think it may give sipke as u can see volume contraction. Safe trader can wait for healthy green candle. It's for education only.
RSI Divergence(s) :: A Case Study 📈📉Hey Pivster's ★
Found out one interesting query in a public forum and thought to provide the explanation through a chart so that it can be documented for reference in future.
Chart is actually self-explanatory as marked and constructed accordingly 🫶
◉ Query:
"During uptrends prices make lower highs whereas RSI makes lower lows..this is called positive reversal".
This is a statement made by Bharat Jhunjhunwala in one of his lectures....i don't get the lower highs in prices...can anyone explain?
☞ My answer would be -
➣ He is basically taking about a RSI positive divergence scenario where the “Price” has higher probability for making a reversal.
➣ This scenario is ideal as 'RSI' is mostly taking closing price into consideration. SO, when the price starts to close above the previous red candles it shifts the RSI curve towards an uptrend and a reversal can be confirmed once the 'Price' breaks the previous Lower High (LH) which will eventually be in correspondence to the 'RSI' making a Higher Low (HL) after a visible "Positive Divergence" to the 'Price' chart.
➣ Here, the structure for the 'Price' is now expected to reverse and follow the structure of an "Uptrend" now while the "RSI" continues making Higher Lows (HL) as the closing price is higher to that of the previous candle in an 'Uptrend'.
Explained this whole scenario in the chart of NSE:MARUTI which showed a fresh and live demonstration of this discussed scenario in the last trading session that was on 1st September, 2023 (Friday) 📍
Well just to add a better confluence alongside PIVOT POINTS, here is the same chart with weekly pivots applied ↘︎
- This shows the entry of Weekly Initiative Players ( WH4 ) once the reversal structure gets confirmed ♠️
I hope your query has been answered to a satisfactory level and understanding from the basic to core 🥂
Let me know your view/suggestions in the comment section below 😊
Regards,
Mukkull
CIPLACIPLA
Positive -
-- A good reversal seen from 200 EMA Support
-- Company is in growth condition as per research
-- A tweezers top pattern seen at support level
Negative -
Low volume spikes in reversal
Support - 852
Upside movement til - 1083, above 1000 & Above 1083 approx 1200
This chart is only for educational purpose
HDFC Bank | September Expiry | Option Hello friends,
Today i am posting #hdfcbank next month expiry trade.
Since last 2 weeks market is bearish so now it should hold for bound back or hold here because Hdfc is taking support near 1600 - 1680 around so it would be good chance to take trade on bullish side this week.
If it cross and close above 1600 then it will take good move up side. so keep this stock in your list and trade within your analysis on this stock.
I am going to buy 1600 Sept CE tomorrow to hold for long one or two week as per my bullish direction view but you must analysis your own and then take trade on your risk.
*It's not suggestion to any one but only my analysis view for this stock. Take risk by your own understanding.
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Head & Shoulder - Trend ReversalHii All...
Greetings....
Today I'm sharing with you Daily Charts of Nifty Pvt. Bank, we can see a very clear Head & Shoulder Pattern which has already Formed.
Head & Shoulder Pattern is Trend Reversal pattern.
I'm currently having bearish view in Nifty Pvt. banks.
However on closing basis if upper resistance is breached. The we can consider Failure of Head & Shoulder Pattern.
Thanking You
Nikhil Choudhary
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
VIP industries has formed a bear trap!It is currently a risky positional trade but the stock is looking strong near support trendline.
A bear trap has been formed near the same.
Levels are mentioned on chart. Risk reward is favouring the trade.
Hikal might reverse from a strong support!Hikal is standing on a strong support trendline.
Stock can reverse from CMP. SL and target on the chart.
Not a recommendation but a reversal idea shared for educational purposes
A stock for for high risk takersDhani is a stock which has crashed in the past few years and I am not a big fan of trading in such stocks.
However, the stock is looking technically attractive for minimum target of 60 and above.
Reason:-Trendlune breakout with higher high, higher low formation wit a positive RSI divergence
Try to enter at around 35 with an SL below 26 DCB.
This is an high risk high reward setup and kindly trade only if you are comfortable with my idea.
This idea is shared for educational purposes only and is not a recommendation.
NIFTY WILL SOON GO UPWARDS DUE TO THREE DRIVES PATTERNTECHNICAL ANALYSIS :
THREE DRIVES HARMONIC PATTERN -
Nifty has formed a strong descending harmonic pattern (Three Drives) which clearly indicates reversal happening very soon
DOJI PATTERN -
Nifty has also formed a nice doji pattern which indicates a reversal of the ongoing trend
HAMMER PATTERN -
Also a hammer pattern is formed which again indicates an upcoming reversal of the trend
OSCILLATOR INDICATOR -
It is also indicating overbought zone as average smoothing line has touched the 80 level, hence more momentum in the upwards direction
MARINE ELECTRICALS-- What company do - The company provides solution in Low Voltage, Medium Voltage and Industrial Automation (Source -Finology)
-- Time Frame - Daily
-- Study - Volume analysis on seller circuit day and prediction of the next day
Stock after announcing flat results had 2 seller circuit, in which retailers try to exit because before few days of result stock had a good rally.
This chart is only for educational purpose. Do your own study before taking any trades
Indigo can paint your portfolio green!Indigo paints had a bumper listing during its IPO with 100% premium over issue price.
However, since its listing, it has been in a downtrend and has corrected to an attractive valuation.
The stock has already broken the downtrend and is now looking strong for a new upmove.
The targets and SL are given in the chart. One can enter at CMP if his/her outlook is of a longer horizon.
Please note that idea is shared just for educational purposes!
Banknifty trade plan 10-07-2023Banknifty has broken its structure, that means price is getting into a retracement.
Now on intraday its most likely to sell on rise.
Wait for support to break and turn it into resistance or if gap up then short near resistance.
There is also a probability that market can trap buyers by retesting a recent high and then fall sharply.
Reversal Inverted head and shoulder pattern in naukri✅ Naukri
Key highlights: 💡⚡
✅ On 1Day Time Frame Stock Showing Reversal of Inverted head and shoulder Pattern.
✅ Strong Doji Candlestick Form on this timeframe.
✅It can give movement upto reversal target of 3860+.
✅ Can Go Short in this stock by placing stop loss Below 3540 or last swing Low.
✅ After breakout this can give risk:reward upto 1:2+.
