Rally Incoming for $GMTAfter Bottom reversal BINANCE:GMTUSDT is clearly looking for leg up.
A small local Resistance takeover will definitely lead a rally up to $1.15.
Reversalpattern
TECHM - IT Sector - Reversal potential - Swing/InvestmentTECHM Weekly chart -
The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
APTECHT - 15min Time Frame Entry
NSE:APTECHT The analysis is done on 15min TF hence
price may take few days in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for
educational purpose. Traders must
do their own study & follow risk
management before entering into any
trade.
Checkout my other ideas to understand
how one can earn from stock markets
with simple trade setups. Feel Free
to comment below this or connect
with me for any query or suggestion
regarding this stock or Price Action
Analysis.
Nifty Falling WedgeNifty Falling Wedge formation on 30 min TF. Go long on breakout by keeping 17760 as your stop loss. There is also Triple bottom marked on the chart, which gives us double confirmation of reversal of trend.
Reverse Head and Shoulder on BankNifty.Currently short in the money 43000PE 19 JAN.
Entry at Rs. 1076.
Surya roshni reversal pattern breakoutSurya roshni reversal pattern breakout.
inverted head & shoulders pattern breakout.
It may go up to 740.
as per pattern target.
Note: only for learning, trade at your own risk.
Rally Base Drop – Supply ZoneUnlike conventional Price Action Analysis, which relies on countless chart patterns, Supply Demand Strategy focuses only on four high-probability price formations. Rally Base Drop (RBD) is one of the four price formations which lay the foundation of the Supply Demand Trading Strategy.
Rally Base Drop Pattern
RBD is a reversal price pattern, which one can generally locate at market turning points. At areas where uptrends get exhausted and begin a new downward move.
RBD occurs when prices have been rising, and peaking, followed by a sharp drop. This indicates that the sellers are now more aggressive and have overwhelmed the buyers to form a Supply Zone.
Components of a Rally Base Drop Pattern
This formation comprises three parts:
1. Leg-In Candle - Bullish Candle to the left-hand side of the base structure. It need not be an explosive candle.
2. Base Candles - Narrow range small-bodied candles which indicate that orders are potentially being accumulated by the institutions.
3. Leg-Out Candle – Huge Explosive Red candle with a sharp drop in price, which indicates the footprint of Institutional Selling activity.
Steps to Identify a Rally Base Drop Pattern
1. Start with the Current Price on the Chart and go from Right to left
2. Look up and left until you find a strong Drop in the Price
3. Identify whether the formation is an RBD
4. Mark the Zone
When marking the Zone, we need to watch for freshness and the strength of the Leg-Out Candle.
Fresh Supply Zones are those where the price has never retraced after formation, they have the highest probability of having unfilled sell orders.
Strong Explosive Red Leg-Out Candle indicates that supply and demand are totally out of balance and institutions have been aggressive sellers at that price zone.
Trade Action at a Rally Base Drop Supply Zone
RBD pattern is the footprint of Institutional selling activity, formed due to the sheer size of their sell orders. This implies that, when prices retrace back to the area, there is a strong likelihood that there will be a large number of pending sell orders.
After identifying the supply zone, we as retail traders must wait for the price to retrace to the zone. The first retracement to the RBD supply zone is a high-probability sell opportunity. We can initiate a short trade on the pullback to the zone and in doing so participate along with the Institutions to the short side.
Some past examples:
Although RBD is a very powerful supply zone formation, it is highly recommended that one mustn’t trade it in isolation. Combining it with factors like a trend, trend exhaustion and location will improve the odds of the zones working in our favour.
Hariom pipes Reversal candidateHariom pipe is a potential candidate for strong reversal. Keep it on your radar!!!
Crudeoil Reversal zones for 26 Dec 2022Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
Reversal Chance in Deepak FertilizersHello,
It looks like Broadening triangle pattern is forming inside the Descending Broadening Wedge. Today candle is very close to support level.
Stop loss and Targets are given in the chart.
Thank you,
Purus.
Ultratech Double Top Formation On 4H Time Frame Stock Showing Reversal Of Double Top Pattern. We will wait for proper breakdown. Thanks for your support :-)
Disclaimer : I am not SEBI registered analyst. Do your own analysis before taking trade. I am not responsible for your profit or loss.
#BSE hammer candle in weekly TF, RSI breakout in day TFBSE has made hammer candle in weekly TF, 540-553 will be great place to initiate long trade which will provide low risk and high reward setup. Also on daily TF RSI is about to give breakout from its falling trend line(on day TF, connect trend line from high's of 8th Sept,27th oct, 4th Nov, 25th Nov).
2 options
1) Enter once price close above 587, targets 1) 642 2) 671 3) 700 4) 742
2) Wait for 540-553 then initiate longs targets will remain same as above
SL in both cases will be 526 daily closing basis
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.
Dark cloud coverIt is formed by two candles, the first candle is bullish candle which indicates the uptrend.
The second candle is a bearish candle which opens gap up but closes more than 50% of the real body of the previous candle which shows that the bears are back in the market.
Pattern has created the range of 17500 to 17900.
Bulls are again trying to take control.
Expected to see side ways market untill current week expiry
Zydus LifeSciences revesal - hammer and RSI Bullish DIvergenceZydus Livesciences
Time Frame: Weekly
Name of Pattern: Hammer
View: Potential reversal
What is a Hammer Candlestick?
The hammer candlestick is found at the bottom of a downtrend and signals a potential (bullish) reversal in the market.The most common hammer candle is the bullish hammer which has a small candle body and an extended lower wick – showing rejection of lower prices.
The pattern indicates that the price dropped to new lows, but subsequent buying pressure forced the price to close higher, hinting at a potential reversal. The extended lower wick is indicative of the rejection of lower prices.
Current Market Price (20 May 2022) = 356.85
Name of Pattern: Hammer Breakout (344.60)
Technical analysis:
1. In weekly Time Frame at the bottom Hammer breakout confirmed at 344.60 in Weekly timeframe.
2. Trendline Brakout due aroun 360 -362
3. Stock is in range of 330-375 from last 12 weeks indicates accumulation between this levels.
4. RSI indicator: RSI BULLISH DIVERGENCE. This indicates potential reversal is due in zyduslifesciences at 362-362.
Possible entry : > = 360 -362
Stop loss : 346
Note : Same reentry in case of retracement.
Swing and long term Targets: 375-440-499-540 - 600 - 664 - 700
HCL tech quick profit !!HCL tech broke past its long term trendline and made a retest while forming a reversal candle and has now broken out after a tight box consolidation.
Limit order could be placed right above the 50ema for a quick profit at 948.60 for 1:1.5 risk:reward
Keep It Simple
WTI Crudeoil follows Harmonic patternThe chart is very clear about its reversal point
Analysis with the harmonic pattern gives 70 ~ 80 % accuracy
The unexpected behaviour can occur during unexpected events or news
Note: Information given here for educational purpose
Nifty near the reversal area !!!!The Day chart shows the current level is near the resistance and there
is a Bearish Harmonic pattern in which the reversal point is very near the
resistance line makes another confirmation that it may reverse soon.
Note: The information given here is for study purpose.
RISKY SETUP - MULTIBAGGER PICK -BUY KOHINOOR FOODS LTD FOR 200%+BUY RISKY LONGTERM 1-2 YEAR
FOR 200 % ++ UPSIDE
KOHINOOR FOODS LTD
CMP = 8.40
TGT = 25+
SL = 3.5
MUTIBAGGER PICK
**This post is for educational purpose only,
please concern with your advisor before
investing in market related instruments.**
HCL tech multi timeframe analysis for swing trading in hindiHCL tech multi timeframe analysis for swing trading in hindi
in this video i have shown, 15 minutes & daily chart analysis of HCL tech.
and trade setup for next day 08/08/2022.
you will get idea of where to short sell & where to put stop loss.
i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern.
i have also discussed about trendline, RSI diveregence & wyckoff method in real life example.
basically i have shown, how to use technical analysis in real life.
video is in hindi language.
if you like or found useful, kindly like, subscribe & share.
Disclaimer: only for learning, not trading tip. trade at your own risk.
Hindi description:
Swing trading k liye HCL tech ka multi timeframe analyis.
maine is video me bataya hai k kaise trendline,reversal pattern aur RSI ka istemal real life me kaise kiya jata hai.
is video me aap sikhenge ki double top/ triple top/ H&S ko kaise real chart par mark kiya jata.
is video se aap technical analysis ko sahi tarike se use karna sikhenge.
disclaimer: yah keval learning k liye banaya aur share kiya gaya hai, trade apne risk par kare
MARICO | Reversal inside channel - Looks potential for 12%MARICO | Reversal inside channel - Looks potential for 12%
CMP : 496
SL : 475
Target : 550
Almost 1:4 risk reward setup
Nifty 501.global sentiment negative
2. war was not end
(Chart shows a breakout )
(small Up Trend )
1.IF Tomorrow gap up if break the resistance 15713.95 .. if we can see the price action for buying side and exit at the target price
2.If Open in flat wait for the trend up side or downside the take the trade
3.if gap down cross 15572 wait For close the 5 min or 15 min candle the crossed 15572 buy and wait for the target
Left shoulder and head is created
Possibility my have on up side up to previous week swing high
Note . this just prediction. market can happen anything
