Reference chart for short term HDFC Bank chart is the closest reference of BankNifty move for a week. This tells a lot to me
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Up coming Trade set up ( Chart Pattern) Based on Chart pattern i am forecasting the BNF next move , One has to understand very clearly the close below
23000 on daily basis , I will consider this move in deed going down , Or other wise this will remain in the side way pattern
Its one of the possible pattern
and take profit is a cluster where it can reverse
Do Not trade blindly its one of the possible pattern ,
Good luck
TWEEZER BOTTOM IN IGL ON DAILY CHARTIGL Tweezer Bottom (Bullish Pin Bar) on daily chart, before this we had good downtrend in IGL, so it is assumed that now bulls will active in this counter.
Buy IGL with strict sl of 363.5 Target - 390/400/410
BUY EURUSD(BREAK'S ABOVE DESCENDING WEDGE CHART PATTERN)EURUSD has given a breakout in a broadening descending wedge chart pattern. The technical indicators such as Parabolic SAR and RSI14 are also supporting the BUY Call.
LEARNING, HOW MANY CHART PATTERNS YOU CAN FIND IN CHOLAFIN?CHOLAFIN is strong above 240.
Can you find all possible pattern in this chart? I will post all the answers in comment below. Lets try to find some good patterns.
Thanks
Piyush Gupta
PTC India Ltd chart analysis#PTC India Ltd. Daily chart trading in #Island Bottom pattern and now above,if stock pullback to 50.00 to 47.00 then buy it with stop loss of 41.00 target 60.00 and 90.00
SBIN chart analysis * In sbin chart made a inverse head and shoulder pattern in weekly chart .
* After neckline breakout sbin target is 50 % from neckline .
Nifty ChartNifty Chart for 18th July trade-Nifty Resistance level is 10031-10040 levels and Support 9860-9850 Above 10040 can reach to 10076,10127,10221 .Below 9716 can reach to 9655,9540
IBULHSGFIN, Incorrect chart reading (Learn from mistakes)IBULHSGFIN was given for long today above 123.2 at 10:26AM. This was again simple trend line break out trade. I follow same process, try to find same patterns and trade them regularly. Keeping things simple and doing repeated stuff has brought me success.
At times, we hit SL and this was the case today due to incorrect chart reading by me. I am sharing below both incorrect chart and correct one for everyone's learning.
Hitting stop loss is part of the game and accepting your mistakes and learn from them, make us more successful.
Incorrect reading which lead to SL (fake out)
Correct chart towards end of the day which could have given handsome reward
Kindly reach out if you want to learn price action.
