Search in ideas for "INSIDE BAR"
NIFTY VIEWSUMMARY:-
*nifty has hit 50% retracement near 16850
*16850 has been crucial support zone for the market previously
*17200 and 17000 put option had max writers and majority of them were retailers
*with a panic low and yesterday inside bar break we can assume that 16850/17000 can act as crucial support
*index may also break a bearish trendline visible on daily chart
-TODAY WE HAVE AN INSIDE BAR BREAKOUT
-BEARISH TRENDLINE BREAK ON THE CARDS
good things going:-
icici bank results on sat
due to hdfc bank results
all banking stocks have absorbed negative news
icici bank has been outperforming hdfc bank in last 4 qtrs
last time when hdfc bank posted bad results we were down bad
and icici went on to hit circuit
if icici bank results outperforms on sat
then god bless all relative strength banking stocks
axis/sbin and icici bank will blast and we can expect 1000+ move on monday
CARBORUNDUM - Ready for BreakoutFormed a perfect Cup and Handle. Handle also formed an inside bar since the last 6-7 trading sessions & already attempted to break the resistance with a volume spike.
Inside bar near ATH may provide a huge upside.
Stock is trading above 20 & 50 DMA which helps to gain bullish momentum.
Nifty Outlook For Coming WeekNifty after a parabolic rise to ATHs is now supposed to go in some sort of consolidation in next week.
On 1 HR MA , it has formed a good inside bar , so a long entry above the inside bar might take us to the highs once again.
On the other hand , the sell off on friday has been strong enough to see some more move down .
Bank nifty consolidation with positive bias.Three days of consolidations
and forming 3 inside bars of mother candle.
It may break out to the upside once uml shown in the chart is taken out in closing basis.
Same set up as it had formed inside bar few days ago .Today's low though lower than lows of previous two
days, its high is higher than the high of previous two days.
One can go long if uml is taken out on closing basis and hold position.
Today's low is crucial if it breaks it may fall to median line.
Hence any long position today's low should be strict stop loss.
For last four trading sessions channel line is acting as stiff resistance.
Let us see before Thursday bank nifty can break out or not.
Please go through the attached charts.
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BANK NIFTY ANALYSIS FOR 08-06-2021As you can see on Chart :- BANK NIFTY has made " INSIDE BAR " Setup in 1D TimeFrame .
If Market Sustains above 35550
for the Targets of 35800 ( as per INSIDE BAR Setup )
& if it sustains below 35340
we can see Targets of 35200 .
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS .
Hind Zinc, New Life high expeted.All observations on chart.
On weekly chart Hind zinc is making higher high higher low formation. Just below the all time high stock is consolidating.
longer the consolidation more powerful is the breakout.
Inside Bars Are formed Just before a breakout. Inside bar means one low volume small red candle is formed between big green candles and also opposite of this is one small bodied green candle is formed between big red candles.
As you can see stock is stuck in range for a long time now, and is hovering at the upper end of the range. Expecting a good move here in coming days. check the chart below
TTK Prestige, 3 Year Consolidation, New All time high epxected.All observations on charts.
Low volume candle marked can be a inside bar, inside bar occur just before a breakout or breakdown.
Check previous ideas of NSE:GRINDWELL & NSE:KANSAINER attached for consolidation breakouts.
Larger the consolidation, More powerful is the breakout.
Check previous ideas of NSE:MSTCLTD & NSE:WHIRLPOOL for Consoldiation breakouts.
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY
-SGX NIFTY IS SHOWING A 40 POINT NEGATIVE START
-NIFTY INDEX CREATED A INSIDE BAR ON FRIDAY AND GAPPED UP TODAY
-IMPORTANT PART IS THAT THE INDEX MANAGED TO TRADE AND SUSTAIN ABOVE TO CRUCIAL POINTS
-11815/11855
-BULLISH MARABUZO CANDLE AFTER A INSIDE BAR IS INDICATING FURTHER MOMENTUM
-INDEX IN THE PAST HAS MANAGED TO TEST 12000 WHENEVER IT HAS CLOSED ABOVE 11850
-CRUCIAL SUPPORT COMES IN @11815
-CRUCIAL RESISTANCE COMES IN @11950
-INDEX IF MANAGES TO TAKE OUT 12015 ON THE UPSIDE THEN WE WILL SEE A SHARP DASH TOWARDS 12070
-ON THE DOWNSIDE IF INDEX BREAKS BELOW 11815 WILL BE NEGATIVE FOR THE INDEX
-ANY CORRECTION TOWARDS 11815-11855 SHOULD BE A BUYING OPPORTUNITY
-WAIT AND WATCH FOR DASH TRADES EXECUTE TRADE IF LEVELS ARE BREACHED
SCALP TRADE WITH DASH LEVELS
BULL SCENARIO
-IF MARKET CROSSES ABOVE 11915
NIFTY FUTURES TRADE
BUY@11918
STOP@11888
TARGET@11948
QTY=300
-IF MARKET CROSSES ABOVE 12010
NIFTY FUTURES TRADE
BUY@12015
STOP@11970
TARGET@12075
QTY=300
RESISTANCE FOR THE DAY (FUT)
11945-11915-11975
SUPPORT FOR THE DAY (FUT)
11870-11850-11815
SCREENSHOT
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!HAPPY TRADING!!
!!PLEASE LEAVE LIKE!!
!!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!
NIFTY TRADE SETUP FOR THE WEEK-SGX NIFTY IS INDICATING A 60 POINT GAP-UP
-WE WILL OPEN NEAR OR ABOVE THE TRADING RANGE OF NIFTY OF 10690-10830
-POSITIVE NEWS INFLOWS FOR MAJOR STOCKS WE MIGHT SEE TEST OF 200-SMA PLACED AT 10880
-CRUCIAL SUPPORT IS PLACED AT 10690
-CRUCIAL RESISTANCE IS PLACED AT 10850
-"PLEASE NOTE" NIFTY IS TRADING INSIDE THE BAR OF 8TH JUL FOR TWO CONSECUTIVE DAY
-TODAY WE MIGHT SEE A INSIDE BAR BREAKOUT ON THE UPSIDE WHICH WE WILL BE POSITIVE
NIFTY RESISTANCE FOR THE DAY
10810-10887-10950
NIFTY SUPPORT FOR THE DAY
10750-10720-10660
!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!!
!!HAPPY TRADING!!
PVR Ltd. - DAILYPVR Ltd.
The stock is trading at the support level and is trading within Inside-bar pattern.
Technical indicators are mild bullish.
If the price trades above Inside bar 1078 next resistance is 1262 and support is 940 on daily chart.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
Contraction of volatility Piramal Enterprise
(A.) Major Support & Resistance (Major Inside bar candle formation setup)
On 31 March 2020, a big candle with significant volumes was formed which might act as short term support & resistance. (Black Line)
(B.) Contraction of volatility (Minor Inside bar candle formation setup) - Very short term support & resistance
Contraction of volatility in the short term may lead to an increase in volatility which an intraday trader is looking for. (Blue lines)
(C.) At 1277 stock has strong resistance
(D.) Two gaps at
1150-1175
1341-1373
[Intraday] Insidebar + Weekend lvl 9 HDFCHas been falling the past 9 days, with the a green candle and inside bar yesterday
Long only if it breaks the high of the previous day with a stop loss at the previous day's low or previous day close
Since its an inside bar as well, if short triggers, update stop loss to cost.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH - 1874.95
SL - 1858
[Intraday] Insidebar BALKRISINDMade an inside bar , after falling for 4 days, made an inside bar , so it will have to go in some direction
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH - 877.7
PDL - 868.45
[Intraday] Insidebar HEROMOTOCOMade an inside bar, after falling for 9 days, made a green candle and today an inside bar, so it will have to go in some direction
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH - 2914.5
PDL - 2870.3
PF trade at UML Inside Bar.2 down sloping Pitchforks at the same frequency are capturing the price movement nicely. Price got declined after retesting the upper median line has formed the Inside bar which is also suggesting the weakness. If price trades below the low of today's bar one can short the stock by providing the SL of 280 on closing basis. Target expectations Median Line.
Disclaimer : All stock recommendations and comments are my personnel view, please take financial consultancy for trading decision.
Range Breakout Failure on the Daily! EURUSD Short.Hello Traders!
1. We see a range made by the EURUSD market on the daily timeframe.
2. There was a clear breakout with the closing of the breakout bar way above the range.
3. A bearish inside bar was formed right after it.
4. Market has also tested 88.6 per cent fib.
5. Once the low of the mother bar (breakout bar) is broken, we can see movement downwards till the market orange zone.
6. Remember, this is on the daily timeframe, so delivering the target may take some time.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.