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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.
NSE:APOLLOTYREShort
by praveen.bhatiya
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.
Short
by UnknownUnicorn27677748
TechMTechM reversed from a harmonic level(635-640) and made a bullish engulfing. Next day it made an inside bar and closed below the resistance at 607. Aggressive traders can sell below day low of engulfing bar(599) for target 583 with SL 606. Safe traders can sell on low of engulfing bar which is 588 and trail to cost when it goes 583 (there is a support), when this support breaks, the next target is 565. As IT sector is bullish, this may never trigger or can be risky, hence trail as soon as you are in profit. TechM has a maxpain of 580 and OI and 650 CE and 550 CE. My view can go wrong as well. Please be careful. Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
NSE:TECHMShort
by LazyBullear
7
Granules India Breakout on monthly time frameAs you can see here Granules India chart, what does this chart show? This chart shows us that it has given a breakout of a beautiful pattern i.e. flag and pole on a monthly time frame. As you can see on the weekly time frame, the stock had broken its nearest resistance and now it is ready to move more on the upside. So now we can plan an entry for upside momentum, from the last two days this stock has been consolidating inside the breakout candle, making inside bars on a daily time frame. So our entry will be above the high of the mother candle i.e. 390 and our stop-loss will be of 30 points. The first target will be ATH(all-time high). Hold this for a long time as the breakout is on a monthly time frame. I'm not sebi registered so this is only for educational purpose, do your analysis first.
NSE:GRANULESLong
by Garvit_Narang
NIFTY Inside Bar Candle Strategy trade NIFTY has formed a nice Inside Candle day befor eyesterday. If NIFTY breaks above 17700 :- Carry forward buy above 17700 for target 17922/18036 IF NIFTY breaks below 17470 :- Carry forward sell below 17468 for target 17241/17127 Breaks should be on the closing basis of the daily candle OR trade can be taken after 3:00 /3:15 PM if levels are broken. This is positional trade and can be achieved in 3-4 days after breakout/breakdown. Do Not buy options to make use of this.
NSE:NIFTY
by Santosh_A_Chavan
3
NIFTY AND BANKNIFTY WEEKLY UPDATEGOOD MORNING MEMBERS TIME FOR WEEKLY NIFTY UPDATE NIFTY INDEX -after breaking out of range last week -nifty consolidated in the range of 16470-16700 -i will not conider the open on friday as we managed to close inside the trading range again -reliance is batting for the bulls -global uncertainty will create movement in our market -oil back above $120 not good signs -rbi policy in the week banknifty looking weaker keep things simple -nifty if closes below 16380 will look for aggressive shorts -reason being that market is for now is taking support at resistance turned support zone of 16380-16420 -on safer side i will wait for a close below 16380 -if does there is a huge possibility of breaking below 15750-16420 trading zone on downside -as pattern break will fail -on the upside nifty will be a buy above 16700 only -we need a daily close above 16700 -but on the upside major hurdle comes at 16850-16970 -on downside direct support@16000-1570 -things are not looking good for now -but we will track nifty action this week BANKNIFTY INDEX -double top formation on hourly/2h chart is visible -crucial support @34800 -carried overnight shorts in banknifty -rising dollar/rising crude prices/yields are now again started trading above 2.9 -banknifty support zone is 34800-34650 -resistance at 35500-35600 -if market closes below 34700 today -it will open up downside for target of 34200-33950 note:- *banknifty on daily chart made a bearish engulfing pattern *but important thing is it trapped bulls *as it covered the three consecutive inside bar pattern banknifty daily chart banknifty 2h chart
NSE:NIFTY
by manavtechresearch
BANK NIFTY again it is inside bar and nr7 day.Bank nifty delivers when all starts hating it. this down turn of bank nifty exactly takes support at the 200 period moving average in 4 hrs time frame.(the chart I have published in 4 hrs time frame) It appears 2 nd wave retraced 78.6 percent of 1st wave. 1st wave being a leading diogonal. Bank nifty may come out of congestion with in coming days. I had stated in one of my post how to trade inside bar. It is not certain that bank nifty will have huge move next day last time it had formed 2 consecutive nr7 days. Let us see this time 2 nd nr7 day takes place or not. It appears this down turn of bank nifty is 2 nd wave of fifth wave . No need to say we are in the final fifth wave of larger degree.(please go through the attached chart) please go through my weekly chart of bank nifty. don't forget to like my post. follow me to get updates.
NSE:BANKNIFTYLong
by bijoy2526
3