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Late night Technical analysis talk - Give me 12 mins if possible👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. 👑 Important levels ( also most of it depends on your entry and mindset during trading hours ) ✣ A 1hr close on 685-687 levels can trigger a breakout as explained in the terms section above ✣ Risk of 3% can be taken at the point = 660 points to be specific from entry ✣ Targets can be 1- 722 and 2- 750 for your 5% and 10% up move profit booking of the initiated swing trade 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:BHARTIARTLLong
by Averoy_Apoorv_Analysis
16
Mentorship InstaView 28 June’21: Dark Clouds 
Nifty View: Benchmark Nifty index opens strong to hit a new life in today’s session. The close however was disappointing - slipped significantly from its intraday high of 15,930 to post a close at 15,854. Under Japanese Candlestick parlance, the last two days price behaviour is termed as a “Dark Cloud Cover”. Yes, the name is a bit depressing especially for those who prefer sunshine. This pattern suggests follow-through price weakness, for which I suggest we should at least wait for the index to slip below today’s low of 15,825. And in such a case, there lies a possibility of a test of the recent 3-day lows that is around (15,650-15,700). There is no particular reason to be bearish as the underlying trends are UP and resilient. I sense that the index will probably consolidate with positive momentum continuing within few specific stocks. Maintain a bullish bias until we have a trend reversal. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
AMBUJA CEMENTS, Uptrend over ?Ambuja Cements as on 19/5/21 Overall Trend: Upward Currently trading in an upward channel range. Current situation: Behaving like in sideways trend RSI: 59 MACD: Not indicating clear signal Current Horizontal Resistance level: Around 318 price levels Note: According to a single candlestick pattern, A hanging man is formed in an upward trend with a high volume and current stock prices also seem to be at a horizontal resistance level. Analysis:- 1. Since hanging man is formed, so it might be a trend reversal signal, so wait till the lower trend line is broken with heavy volume before entering in a short position. 2. Since a heavy investment is done today in Ambuja cement, it may be a possibility that stock resumes its upward journey so wait for the price to close above the horizontal resistance with volume before going long.
NSE:AMBUJACEM
by nipun_garg7383
Marico | Resistance Breakout & Retest The same level 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕ --Buy above =402.10 or CMP --Target = 499.30 --Stop-loss = 379 --Lot Size = 2000 --R:R = 4.3 --Expected Profit = 1,94,000₹ per lot (24 % ) --Expected Holding = 2-3 months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) Stock broke the strong resistance 2) retracement is also done 3) Target is based on fib. trend 4) volume is also more than enough in breakout 5) No chance of fake Breakout .as it a weekly chart 6) rejection at support level i.e high wicks ..bullish candlestick pattern after retracement Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:MARICOLong
by ReviveTraders
2
HDFC bank | Trendline Breakdown 🎯⭕ Swing Trading opportunity ! 4hr Chart Alert !!!⭕ --short below =1429 or CMP --Target = 1397 | 1358 --Stop-loss = 1465 --R:R =1.49 --Expected Profit = (5% ) --Expected Holding = 15 days only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕ 1) hdfc bank has given the breakdown of trendline & support & 50ems as well 2) doji candlestick pattern & big bearish candle running 3) volumes is also decent 4) rsi divergence strategy applied Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:HDFCBANKShort
by ReviveTraders
9
JSWsteel | Tredine Break with bullish candle || 30 min NSE:JSWSTEEL Swing Trading opportunity ! 30min Chart Alert !!! --Buy above =364 --Target = 373 --Stop-loss = 360 --Lot Size = 2700 --R:R = 2.22 --Expected Profit = 24,000 ₹ per lot (2.47 % ) Technical Reasons to trade :- 🧢 1) jswsteel break the trendline with volume 2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern 3) Uptrend Is continuing and Trendline break 4) All the possible support & resistance is mentioned on the chart Guys check out the related ideas as well, it will worked really well ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:JSWSTEELLong
by ReviveTraders
10
#LETSTALKABOUTMARKETS - Tech MahindraTech Mahindra seems exhausted now and is not participating in the Amazing IT rally that we have seen. It can be considered the weak link in the It index even though it has given a wonderful return. Technically TechM has closed with a graveyard candlestick which indicates a reversal in the uptrend. One can enter into a short position around 870-875 with a strict SL of 910 and for a target of 800. It also has a negative RSI divergence as marked in the charts. Do like and comment your views. This is my personal opinion and purely for educational purposes.
NSE:TECHMShort
by je_sh
Reliance Industries downfall is about to startReliance Industries which in the past 3-4 days has increase by 3-4 % continuously due to its excellent quarterly results. But the security is overbought in the market. Stock price has crossed the upper risk band, volume oscillator is decreasing and RSI has gone in the overbought zone. Last but not the least stock has given a doji candlestick on last trading day. So traders you can short RIL today around 1240 keep stoploss at 1260 and target at 1210
BSE:RELIANCEShort
by Anshulamrit