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[Positional] Adani Transmission Inside Bar Adani Transmission broke out in monthly timeframe. So technically it is buy with stop loss at solid white line. In Weekly, if you see the breakout's structure you can see it has not break previous day's lows since the whole movement. Also, the candle body is getting decreased which means less participation. Also, Inside Bar. Now this week will be simple. If it breaks the downside of the IB, then its pure sell. If it breaks the upside of the IB, it also needs to break the dotted line (as that is recent high and close and hence significant resistance). If it breaks that, then buy. But, I will skip the buy trade if triggers.
NSE:ADANIENSOLShort
by Amit_Ghosh
Nifty - And now an Inside Bar.Nifty continues to consolidate and show respect to the over-head zone of resistance. An Inside Bar after today’s close will definitely encourage contrarian traders to take a short position below today’s low. Now that will be a pretty risky bet for which the immediate levels to watch for on the downside will be at (11,780-11,800). If you go short, please be agile enough to protect open profits, if at all. I personally will not go for such a contrarian trend, primarily because the underlying trend has been very resilient. And so any price dip is likely to face supports which can lead to an equally sharp bounce back. I prefer to trade more in line with the underlying trend and will therefore wait for buying opportunities on the dip. Trade Well. Trade Wise.
NSE:NIFTY1!
by Abhijit_Paul
2
NIFTY TRADE SETUP -SGX NIFTY IS SHOWING A DOWNTICK OF OF 60 POINTS -YESTERDAY NIFTY TESTED THE UPPER RANGE OF 10830 -I EXPECT THE INDEX TO TRADE WITHIN THE RANGE BUT WITH A UPSIDE BIAS -THE MORE TIME NIFTY SPENDS INSIDE THE RANGE THE STRONGER WILL BE THE BREKAOUT -BUT STILL WHAT WE HAVE ON NIFTY IS A RANGEBOUND MOVEMENT FROM 10690-10830 -THIS PRICE ACTION IS VISIBLE ON 30-MIN CHART -LIKE DISCUSSED BEFORE THAT NIFTY IS SEEING A EXHAUSTION AND IS LOOKING TO CONSOLIDATE -INDEX WILL RALLY ABOVE ITS 200-SMA ONLY -200-SMA IS PLACED AT 10880 -YESTERDAY IN THE INDEX INSIDE BAR PATTERN WAS VISIBLE -BREAKOUT IS ON THE CARDS TILL THEN RANGE IS VALID -CRUCIAL SUPPORT IS PLACED AT 10660 WHICH HAS PROVIDED SUPPORT -INTRADAY SUPPORT IS PLACED AT 10690 -"AVOID POSITIONAL TRADE" -WAIT FOR THE RANGE TO BREAK 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!!
NSE:NIFTY
by manavtechresearch
#GROBTEA Cha Da Time Lagda Grob Tea looks good as Positional Trade. After a long consolidation, stock is trading in a Inside Bar candle range of 978-825 for almost 4 months now, also smart money are leaving their footprints (check the volume bars). Expecting good move to come soon now. Stoploss - (low risk)828, (high risk)780 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:GROBTEALong
by nishant_bhatt
Silver Price action and RSI study Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area ) Learning Pointers >> Pattern here is Descending triangle >> Time frame here is Weekly >> Candle position -> Mother bar : Inside bars on multiple weeks >> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish ) >> Price making same lows >> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts
MCX:SILVER1!Long
by Averoy_Apoorv_Analysis
Nifty-Inside bar candle, closes above critical support levelNifty closed with a green candle making a strong recovery from intraday lows. It showed strength not breaching yesterdays low and closing with a green candle. PCR at 0.65 (below 0.7) gives a contra indication of a strong pullback. Indide bar could give a strong upward move provided the momentum breaches on the upside. FIIs sold for -6267cr and DII bought for +2881cr net -3385cr reduced upward momentum considerably. CPR is narrow tomorrow so a trending day is expected. SGP futures indicates a flat opening above CPR tomorrow, so CPR will act as a strong resistance. The upside targets 17242/17625. If 17k is breached, then 16900 will act as a strong support.
NSE:NIFTYLong
by PromodSshrivastava