Nifty Live Intraday Updates for 06-11-2023 !Nifty important levels to watch are as follows
#Support: 19310
Sell below: 19310 only on 15 minute candle closure below the level.
Target 1: 19270
Target 2: 19220
#Resistance: 19360
Buy Above: 19360 only on 15 minute candle closure Above the level.
Target 1: 19390-19400
Target 2: 19440
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Search in ideas for "INDICATORS"
Nifty Live Intraday Updates for 03-11-23 !Nifty important levels to watch are as follows
#Support: 19235
Sell below: 19235 only on 15 minute candle closure below the level.
Target 1: 19175
Target 2: 19110
#Resistance: 19265
Buy Above: 19265 only on 15 minute candle closure Above the level.
Target 1: 19300
Target 2: 19345
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
A Bullish View on UPL RSI Downtrend SupportIntroduction:
Investing in the stock market requires a keen understanding of technical analysis and the ability to identify promising opportunities. In this blog, we explore the bullish case for UPL, a stock that currently exhibits several positive indicators. From the RSI hitting the lower band buying zone to the weekly and daily downtrend trendline support, along with the formation of a doji pattern, all signs point towards UPL holding strong at lower levels and potentially presenting a buying opportunity.
RSI Hitting Lower Band Buying Zone:
The Relative Strength Index (RSI) is a popular momentum oscillator that measures the speed and change of price movements. When the RSI falls into the lower band buying zone, it suggests that the stock is oversold and may be due for a reversal. In the case of UPL, the RSI hitting this lower band buying zone indicates that selling pressure may have exhausted, potentially paving the way for a bullish upswing.
Weekly and Daily Downtrend Trendline Support:
Trendlines are essential tools for identifying the direction of a stock's price movement. UPL currently finds support from both the weekly and daily downtrend trendlines, indicating that the stock has reached a level where buyers are stepping in and preventing further downward movement. This support suggests that UPL's downtrend may be coming to an end, creating a favorable environment for a potential upward trend.
Formation of a Doji Pattern:
A doji is a candlestick pattern that occurs when the opening and closing prices are nearly equal, resulting in a small or nonexistent body and a long wick. It represents indecision in the market and can often signal a potential reversal. The doji pattern forming in UPL's chart suggests that despite the downward pressure, the stock is finding stability and support at the current levels. It signifies a potential shift in market sentiment and presents an opportunity for traders to consider a bullish stance.
Conclusion:
Taking into account the RSI hitting the lower band buying zone, the support from both the weekly and daily downtrend trendlines, and the formation of a doji pattern, the case for a bullish view on UPL becomes compelling. These technical indicators, when considered collectively, suggest that UPL may have reached a point of stability and could be poised for an upward move. However, it's crucial to remember that investing in the stock market involves risks, and thorough research and analysis should be undertaken before making any investment decisions.
Trend Trading Strategies for ForexTrend Trading Strategies for Forex
Forex trading is a complex and challenging endeavour, especially for beginners. One approach to navigating the market is trend trading, a strategy that involves analysing price trends and making trades based on the direction of those trends.
Trend trading can be profitable but requires market knowledge and the right tools and tactics. In this series of articles, we will explore forex trending trading strategies, including the types of trends and trend indicators.
What is Trend Trading?
Trend trading is a popular forex trading strategy that involves identifying and following the direction of the market trend.
Trend trading aims to buy an asset when the trend is up. Then sell it when the trend is down, with the assumption that the trend will continue in the same direction. Trend traders identify trends and make trading decisions using technical analysis techniques like moving averages, trend lines, and others.
Before engaging in forex trading, you need to understand market patterns. These patterns can tell you about the market's future and help you make profitable trades.
Trends can be defined in three categories: i) uptrend ii) downtrend iii) sideways.
Uptrend: A series of higher highs and higher lows in price over time, indicating a bullish market sentiment where buyers are in control.
Example of uptrend trading:
Downtrend: A series of lower lows and lower highs in price over time, indicating a bearish market sentiment where sellers are in control.
Sideways Trend : It is also known as a range-bound market; this occurs when the price is moving within a specific range or channel, neither showing a clear uptrend nor a downtrend. You may look for chances to buy at the bottom of the range and sell at the top.
In the next post, we’ll see different trend trading indicators & strategies.
Until then happy trading!
nifty 50 view Trade Idea: Nifty 50 Index
Based on your perspective, you believe that the Nifty 50 index will experience a downward movement towards 18466, followed by a retracement to around 18521. Here's an explanation of this trade idea:
1. Downward Movement:
You anticipate that the Nifty 50 index will decline and reach a target level of 18466. This suggests a bearish outlook for the index. The specific reasons for this anticipated decline may vary and could include factors such as technical analysis, market trends, or fundamental indicators. It's important to conduct a comprehensive analysis of the market to validate your perspective.
2. Retracement:
Following the expected decline, you anticipate a retracement in the Nifty 50 index, which means a temporary upward movement after the initial drop. The retracement level you have identified is around 18521. Retracements commonly occur as a natural part of price movements and provide potential opportunities for traders to enter or exit positions.
Trade Parameters:
- Entry Strategy: You may consider entering a short position on the Nifty 50 index as it approaches the initial target of 18466. This involves selling the index in anticipation of a downward move.
- Stop Loss: To manage potential losses, you have set a stop loss level at 18457. If the index reaches this level, your trade will be automatically closed to limit your downside risk.
- Target: Your target for the retracement is around 18521. Once the index reaches this level, you may consider exiting the trade or adjusting your strategy based on further analysis.
Please note that trading involves risks, and this trade idea should be evaluated within the context of your own trading strategy, risk tolerance, and market conditions. It's important to conduct thorough analysis, consider additional factors such as market news, economic indicators, and overall market sentiment, and adapt your strategy accordingly.
it has touched the trend line.human brain is greatest analyser.
All indicators can't match that.
they are lagging indicators.
Comprehend first what is happening around.
elliot wave is simple based on three important conditions.
2 nd wave should not violate the low of 1 stw wave,
3 rd wave should not be shortest.
and 4 th wave should not enter in the territory of 1 st wave.
exceptions leading diogonal and ending diogonal.
here overlapping is allowed.but 3 rd wave should not be shortest must every where.
well I don't want to dive deep in to the matter as the subject here is not teaching elliot wave.
As expected by me bank nifty has touched that trend line,
still upside left.
please go through my series of posts of bank nifty in trading view
check them and feel the accuracy .
I am not predicting here support and resistance levels or demand supply zone.
I am predicting the direction,
please do connect with me by following me and liking my posts.
Long-Term Investing in Supermarket GiantNSE:DMART
Avenue Supermarket, better known as Dmart, is a household name in India and one of the largest retail store chains in the country. With the biggest land area in terms of retail store chains, Dmart has become a go-to destination for consumers across India. In this blog, we will analyse Dmart's stock and make a case for going long in the company.
Strong Fundamentals
Dmart's financials have been strong over the years, with the company's revenue line increasing year on year. The company has consistently generated healthy profits, thanks to its efficient supply chain management and a strong focus on cost control. This has resulted in a healthy return on equity (ROE) and return on assets (ROA) for the company. Moreover, Dmart's debt-to-equity ratio is low, indicating a conservative approach to borrowing.
Crucial Support Levels
From a technical analysis perspective, Dmart's stock is currently trading at a crucial support level on a daily as well as weekly time frame. The stock has been in an uptrend since 2018, with intermittent corrections along the way. The current support level is significant as it has not been tested in a long time. This suggests that there is a strong possibility of the stock bouncing back from this level.
Moreover, Dmart's stock has been showing bullish signs on multiple technical indicators. The stock's Relative Strength Index (RSI) is currently oversold, indicating that the stock is due for a reversal. The Moving Average Convergence Divergence (MACD) indicator is also showing bullish momentum, with the MACD line crossing above the signal line.
Favourite Household Name
Dmart's strong brand recognition and market position make it a favourite household name in India. With a reputation for quality, low prices, and a wide range of products, Dmart has created a loyal customer base. The company has also been expanding its product offerings, with a focus on private label brands. This has helped Dmart differentiate itself from its competitors and has contributed to its strong financials.
Overall, Dmart is a strong buy for long-term investors looking for exposure to India's growing retail market. Its strong fundamentals and technical outlook make it an attractive investment opportunity. With the stock currently at a crucial support level and showing bullish signals on multiple indicators, now could be an ideal time to go long on Dmart's stock.
NIFTY FOR UPCOMING WEEK 29 AUG TO 02 SEP 2022.Hello everyone this chart technically measured and filtered by team INFINITYIV.
Due to high volatility and uncertainty in market it is important for us to provide you both side level.
It always helps when market turned opposite.
FOR OUR ACCURACY CHECK YOU CAN MATCH LEVEL AFTER EXPIRY OR GO THROUGH WITH REST UPLOADED CHARTS.
Where capital involves chart should be more accurate, reliable and easy to understand.
LEVELS FOR WEEK:-
Resistance*:-
⬆️ 17612
⬆️ 17863
⬆️ 18002
Supports*:-
⬇️ 17540
⬇️ 17324
⬇️ 16930
(* there is a chance to level mismatch by 0.01% of NIFTY)
KEY STRENGTH:-
1. FALLING PRICES OF GOLD
2. FALLING CRUDE OIL PRICES.
3. Weekly PCR.
4. RELIANCE Bullish
5. NIFTY HEAVY WEIGHT STOCK POSITIVE.
KEY WEAKNESS:-
1. DOW CRASHED.
2. World market negative.
3. Crypto currency’s too.
4. Most of stock is in over brought zone.
5. USD POSITIVE.
6. Falling VIX.
CHART PATTERN AND INDICATORS.
1. NIFTY formed sideways after a rally.
2. Trend line supports seen on weekly time frame.
3. No major chart pattern seen.
4. All indicators turned negative.
HOW TO TRADE WITH CHART:-
1. Let break any side level mentioned on chart chart.
2. Let sustain 2, 15 minutes candle above or below.
3. Good to go for next level.
4. Some time profit will be less but it will be profitable.
5. IN OUR VIEW PLEASE AVOID FIRST SESSION OF FIRST DAY TRADING AND GO LONG THEREAFTER.
NOTE:-
1. We are not SEBI registered but our chart accuracy can be trusted.
2. If you agreed with, please contact SEBI registered advisor b4 any position.
3. If chart helps you please hit like your one milliseconds effort makes us happy.
4. Share this to your friends it will help to lose their hard earned money.
GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR UPCOMING WEEK 01 AUG TO 05 AUG 22.Hello everyone this chart technically measured and filtered by team INFINITYIV.
Due to high volatility and uncertainty in market it is important for us to provide you both side
level. Which is helps you if market turned opposite.
WHERE CAPITAL ON RISK, CHART SHOULD BE MORE ACCURATE, RELIABLE AND ASSURED.
FOR OUR ACCURACY CHECK YOU CAN WAIT N MATCH LEVEL AFTER EXPIRY OR GO THROUGH REST
UPLOADED CHART.
KEY STRENGTH:-
1. World market closed positive.
2. Crypto currency is also.
3. Falling prices of crude oil.
4. PCR ratio.
5. Good GST COLLECTION.
6. few strong results.
7. Nifty future also positive.
KEY WEAKNESS:-
1. Rising dollar against rupee.
2. Gold prices.
LEVELS FOR WEEK:-
RESISTANCE*:-
⬆️17651
⬆️17396
⬆️17191
SUPPORTS*:-
⬇️17071
⬇️16808
⬇️16633
(*there is chance to level mismatch by 0.01% of nifty)
CHART PATTERN AND INDICATORS.
1. Indicators are positive.
2. No any major charts pattern seen.
3. In our view nifty range increases to 3.5%.
HOW TO TRADE WITH
1. Let break any side level.
2. Let close 2, 15 minutes candle above or below.
3. Good to go for next level.
4. Some time profit will be less but it will be profitable.
NOTE:-
1. We are not SEBI registered but our chart accuracy can be trusted.
2. If you agreed with chart please contact SEBI registered advisor b4 any position.
3. To appreciate our efforts please like and share.
GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR UPCOMING WEEK 18 JUL TO 22JUL 22Hello everyone this chart technically measured and filtered by team INFINITYIV..
WHERE CAPITAL INVOLVES CHART SHOULD BE MORE, RELIABLE, ACCURATE AND ASSURED.
FOR OUR ACCURACY CHECK YOU CAN MATCH AFTER EXPIRY.
OR GO THROUGH 132+ POSTED CHART.
Due to high volatility and uncertainty in market it is important for us to provide you both side level.
Which is helps you if market turned opposite.
KEY STRENGTH:-
1. World market closed positive.
2. NIFTY future closed 1%up.
3. Reliance bullish.
4. Crypto currency’s positive.
5. Gold, commodity market weak.
KEY WEAKNESS:-
1. Rising crude oil prices.
2. Inflation not controlled.
3. Rising bonds.
LEVELS FOR WEEK
RESISTANCE*:-
⬆️ 16166
⬆️ 16540
⬆️ 16975
SUPPORTS*:-
⬇️ 15975
⬇️ 15571
⬇️ 15201
(* There is chance to level mismatch by 0.01% of NIFTY)
CHART PATTERN AND INDICATORS.
1. All indicators turned positive.
2. Trend continuation seen on day and below TF.
3. Nifty on trend line break out.
4. Trend reversal possible this week.
5 In our views nifty range 3 or 3.5%.
HOW TO TRADE WITH CHART.
1. Let close above or below level mentioned on chart.
2. Let close 2, 15 minutes candle above or below.
3. Good to go for next level.
4. Some time profit may be less but will profitable.
NOTES:-
1. We are not SEBI registered but our chart accuracy can be trusted.
2. If you agreed with this please contact your financial advisor b4 any position.
3. We are here to provide you correct direction and accurate levels.
4. investment and trade are subject to market risk try to understand risk reward then move on.
5. HIT LIKE OR SHARE IF THIS CHART HELPS U.
GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR UPCOMING WEEK 11 JUL TO 15 JUL 2022, CHART NO 131.Hello everyone this chart technically measured and filtered by team INFINITYIV.
Due to high volatility and uncertainty in market it is important for us to provide you both side level,
which is helps you if market turned opposite.
WHERE CAPITAL ON RISK CHART SHOULD BE HIGHLY ACCURATE, EASY TO UNDERSTAND AND MORE RELIABLE.
LEVELS FOR WEEK:-
RESISTANCE*:-
⬆️16285
⬆️16529
⬆️16766
SUPPORT*:-
⬆️16166
⬆️15986
⬆️15778
(*there is chance of level mismatch by 0.01% of index)
KEY STRENGTH:-
1. World market closed positive.
2. Crypto currency’s too
3. PCR ratio indicates bullish
4. Heavy weight stock positive.
5. Reliance bullish.
6. Buy on deep extremely activated.
KEY WEAKNESS:-
1. Rising crude oil prices.
2. Commodity prices are attractive.
3. Rising gold prices.
4. Rising inflation.
5. TCS quarterly results.
6. FY 22-23 first quarter results not imperative.
CHART PATTERN AND INDICATORS.
1. 16 out of 24 ADVANCE INDICATORS negative.
2. Trend line rejection.
3. No any strong chart pattern seen.
4. In our view nifty range in this week is only 2%.
HOW TO TRADE WITH CHART.
1. Let close any side level mentioned on chart.
2. Let close 2, 15 minutes candle above or below.
3. Good to go for next level.
4. May be less profitable but it will sure profitable.
NOTE:-
1. We are not SEBI registered but our chart accuracy can be trusted.
2. If you agreed with chart please contact your financial advisor b4 taking any position.
3. We are here to provide you correct direction and accurate level only.
4. If you want to check chart accuracy you can check after this week expiry or go through rest uploaded chart.
5. Profit or loss are subject to market risk understand risk reward b4 trading.
6. Hit like if chart helpful.
GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR APR 22 EXPIRY Hello everyone this chart technically measured and filtered by team INFINITYIV.
LEVELS FOR WEEK MENTIONED BELOW…LIKE TO UNLOCK LEVELS.
POSITIVE:-
1. PCR.
2. Good GST COLLECTION.
3. RELIANCE BULLISH.
4. Ppl seem to buy on deep
NEGATIVE:-
1. World market closed negative.
2. Crypto currency’s too.
3. FII is in selling mode.
4. RUSSIA UKRAINE situation.
5. Rising OMICRON.
6. Rising inflation.
7. Monthly weekly expiry.
LEVELS FOR WEEK.
STRONG RESISTANCES.
⬆️ 17265 ⬆️17467 ⬆️MAX UPSIDE FOR WEEK 17741
STRONG SUPPORTS
⬇️17116 ⬇️16786 ⬇️MAX DOWN SIDE FOR WEEK 16423
CHART PATTERN AND INDICATORS.
1. Nifty rejected on weekly time frame.
2. 36 out of 45 applied indicators negative.
3. WAVE 5 is not completed.
HOW TO TRADE WITH CHART.
1. SIMPLE FOLLOW PREVIOUS CHART. There you can find simple rules for trading.
NOTE:-
1. We are working hard to provide you a 100% accurate chart.
2. Hit like if you want to appreciate us.
3. 9 out of 10 our charts achieves dot.
4. For any queries you can text us.
5. Trading involves risk please contact your financial advisor before trading.
Greetings.
INFINITYIV wishes you happy trading and have profitable week.
Perfect Trade setup using Price Action & Indicator confirmationThe chances of trade being successful increase when you combine Price action with Indicators.
This Trade setup uses Weekly and daily timeframes and two indicators – RSI & MACD.
Stock: Motherson Sumi
CMP: 135.65
Type: Swing Trade (delivery)
Buy level: 139.50 (on a breakout above rejection candle high on weekly timeframe)
SL: 119.40 (Slightly below rejection candle low on weekly timeframe)
Target: 199
Risk/Reward ratio: 2.9
The rationale behind the setup:
The chart formed strong resistance at 123rs which was broken by a strong green candle accompanied by above-average volume. The stock rallied up to 272 and then entered the correction phase.
Once resistance is broken, it turns into support (change of polarity principle).
As shown on the chart, a strong rejection candle with high volume was formed at the resistance turned support level.
NIFTY UPCOMING WEEK 11 APR TO 15 APR 2022Hello everyone this chart technically measured and filtered by TEAM INFINITYIV.
LEVELS FOR WEEK.
STRONG RESISTANCE :-
⬆️ 17875 ⬆️ 18172 ⬆️ 18470
STRONG SUPPORT:-
⬇️ 17729 ⬇️ 17292 ⬇️ 16800
POSITIVE:-
1. PCR
2. RBI no change in repo rate.
3. Reliance bullish.
4. Crude oil prices.
5. Normal situation after COVID.
NEGATIVE:-
1. Nifty looks like third rejection.
2. Neutral buying.
3. World market negative.
4. War still on.
5. Neighbors country unstable.
6. Less trading day in week
CHART PATTERN AND INDICATORS.
1. Falling wedge pattern seen on weekly time frame.
2. All indicators turned negative on daily and shorter time frame.
SMART PICK FOR WEEK.
FOR LONG.
1. SUNPHARMA
2.ADANIENT
FOR SHORT.
1 ZEEL
2. Escort.
NOTE:-
1. We don’t have any position in above mentioned stock.
2. Trading involves risk trade as per your own risk.
GREETINGS:-
INFINITYIV WISHES YOU HAPPY RAMNOVAMI.
PVR READY TO BLAST Buy buy buy…
Indicators
1. BB BLAST ON DAY, WEEK AND MONTH TIME…
2. Clear cup & handle pattern seen
3. High volume buying seen
4. Vortex cross seen.
5. Much more buying indicators.
Target and level mentioned.
RPOWER - MULTIBAGGER - POTENTIAL RPOWER is part of RELIANCE GROUP CO ... Reliance power has been established to develop, construct and operate power project in india and internationally. stock has potential multibagger if quarter performance and margin improves further, technically weekly chart shows some sign of Bullish indicators potential around 20-30% upside in next 3-4 months.
TECHNICAL BULLISH INDICATORS.
>> Trendline breakout >> Stock trading at 200 SMA support on weekly chart >> W pattern formation seen >> volume seen increase in recent time.
>> moving avg crossover in weekly chart confirm uptrend .
BUY RPOWER cmp @ 16.10
TARGET 1-18 TARGET 2 -25 ( 3-4 Month )
Stop loss 12
** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP YOU FOR SAME..take call at own risk !
HAPPY TRADING !!
Bitcoin Monthly Closes Tomorrow, What To Look For!Tomorrow we have the monthly candle close for Bitcoin... What should we be looking for?
We have many clues to look at but we will focus only on 3 in this article.
Bitcoin Monthly Signals
1) This is the first month that Bitcoin will close below EMA10 ($44,455) since March 2020.
2) We have bearish indicators. The indicators, MACD and RSI, are both on the bullish side but trending lower. The MACD is trending lower strong with a bearish cross also in place and the RSI is in a strong decline as well.
3) BTCUSD Monthly remains above EMA21. This is actually a positive signal since EMA21 is working as support. Closing above it this month signals that the bulls are still fighting.
BONUS SIGNALS
*) This month closing below $36,500 or EMA21 can lead to a 3 crows pattern, which is a bearish signal. When this pattern comes up we first see an initial bounce and then a strong drop. Candle closure is needed for confirmation.
*) Double top bottom between April and November 2021.
We know what to look for once the monthly candle closes...
One last question before we leave...
Do you think Bitcoin will complete its correction at -72%?
Thanks a lot for your continued support.
Namaste.
ALOK INDUSTRIES -- MULTIYEAR BREAKOUTALOK INDUSTRIES this co is largest fully integrated textile co in cotton and polyester segment, recently cotton price has seen big positive move constantly last few month. co posted good result YOY, good revenue and profit margin seen increase, fundamentals of co is seen improve.
Multiyear Breakout seen in weekly chart ..last few trading session volume seen increase ..Strong bullish technical indicators currently stock has big potential upside. stock was consolidating around 22 to 32 level last few months this consolidation has breakout with huge volume and this uptrend will be continue from this level.
Technical Indicators.
>> Mulitiyear trendline and triangle breakout
>> RSI 64 in daily chart Strong bullish
>> MACD above center and signal line
>> stock trading above 20,50,100,200 SMA
BUY ALOK INDUSTRIES @ 31.55
TARGET 1- 35-38 ( short term - 1 month)
TARGET 2 -45 48-52 ( mid term- 6 month)
stop loss 22
** PLEASE DO OWN ANALYSIS ..this idea For Educational .. call at own risk
HAPPY TRADING. !!
ASHOK LEYLAND ---BULLISH 2022ASHOK LEYLAND on hourly chart seen Bullish Technical indicators for short term - mid term trend. one can buy at cmp @131.50 for short term upside 10-15% . as fundamentals also upto the mark ..mid term positions this stock can hold for good return in portfolio.
Technical indicators.
>> Trend line breakout triangle pattern.
>> Moving avg 50,200 golden cross seen on hourly chart.
>> resistance breakout also seen on chart.
>> volume seen increase on daily chart.
BUY ASHOK LEYLAND @ 131.50
TARGET 140 - 148 ( 1 Month )
STOP LOSS 115
*** This idea can helpful for Educational purpose ...do own analysis and take call at own risk. !!
WISH YOU HAPPY TRADING. !!
VEDANTA - INTRADAY SETUP - 10/01/2022VEDANTA -- Pick as intraday as on 10/01/2022 .. Technical Bullish indicators found on 15 min chart . stock has under perform till now .. trading at trendline and urge of breaking trendline ..Price trading above VWAP and good upmove around 3-4% can seen once trendline breakout on intraday basis on monday
RSI found Bullish if trendline breaks, RSI will trend above 60 and 60-80 is bullish area of RSI.
BULLISH TECHNICAL INDICATORS.
>> Sign of Trendline breakout
>> Price above VWAP
>> RSI Bullish
>> Double bottom seen on chart.
BUY VEDANTA above 339.25 ( price at confirm trendline breakout )
TARGET - 342-345-348
STOP LOSS 332.
* this idea can hep for technical study and analysis purpose. please do own analysis. take call at own risk. !!
WISH YOU HAPPY TRADING. !!
ABCAPITAL -- POSITIONAL PIC 2022ABCAPITAL selected as positional pic cause of bullish technical indicators. stock has currently give breakout on upper channel as well as resistance breakout also clearly seen on daily chart. same momentum will follow next few session ..one can buy for cmp 130-132 for potential upside 10-20% in next 8-10 trading session.
BUY ABCAPITAL CMP@130
TARGET 140-145-150
STOP LOSS 115
Bullish technical indicators on daily chart.
* Moving avg crossover seen 20,50,200 SMA
* upper channel breakout
* MACD BULLISH above center and signal line
* PLEASE do your own anlysis and study ..hope this idea can help you for same..take call at own risk.
* WISH YOU HAPPY TRADING.!!
Happy New Bitcoin 2022Yesterday Bitcoin managed to close above EMA10 and EMA21 with average volume... This is good and supports our previous idea of a bounce next before anything else.
By "bounce" I mean prices moving up from the most recent low but not necessarily for a long-term upward move but it can just to later hit a new low.
Of course, things are always changing and the bounce can lead to a reversal and we see prices print additional growth.
That's not the point right now.
EMA50 has been tested as resistance.
We have not strong enough indicators...
We are likely to see Bitcoin close 2021 around $47,000 and $50,000 depending on how the day goes.
Happy New Year 2022.
Amazing year that it was 2021.
I am wishing you the best financial success ever in 2022...
I am wishing robust health, good feelings, great moments...
I am sending you appreciation in the form of LOVE!
See you around.
Thank you for being with us all this time.
Thanks a lot for your amazing support.
Thank you!
Namaste.
3 Peaks | BTC, RSI & MACDBitcoin (BTCUSD) peaked 23-August.
Its price just broke below EMA10.
(This is a bearish signal)
The MACD peaked 15-Aug.
We have lower highs, red histogram and downward momentum... Here is the chart:
The RSI peaked 30-July and it has been printing lower highs since... Here is the chart:
In conclusion, first the RSI peaked, later the MACD and finally BTC.
This means we have bearish divergence with these two indicators. BTC moving up (higher highs) while the indicators are moving down (lower highs)...
After the strong bullish wave starting July 21st all the way to August 23rd, we are not surprised if we see prices decrease.
How far down can it go?
Looking at the 4H timeframe, we can see that EMA100 was tested as support on 26-Aug. but this resulted in a lower high 28-Aug. compared to 23-Aug., meaning, we are aiming to test EMA200 next which is sitting around $45000 (this is based on the price action around the EMAs on the 4H timeframe).
See the chart:
Very simple right?
Anyways, the charts are always changing...
So whatever action you take make sure to prepare for all potential scenarios before-hand (have a plan).
Trading, the way we do it, is not about predicting what will happen with a pair but rather taking action... We buy and we wait.
Conditions for change
We pass the ball back to the bulls if prices move and close above EMA10.
There can be sideways consolidation as well while the altcoins grow... Another possibility to keep in mind.
Thanks a lot for reading.
Namaste.