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NIFTY ASCENDING TRIANGLE BREAKOUT ON HOURLY CHART ASCENDING TRIANGLE BREAKOUT IN NIFTY INDEX PLEASE NOTE HOURLY CHART BREAKOUT RELIABLITY IS LESS AS TIME FRAME ANALYSIS HENCEFORTH TRADE WITH CAUTION PREFER OPTION TRADE TO LIMIT LOSS AND MANAGE THE VOLATILITY. TRADE BUY 10800 CE @60 (NOV) STOP@40 TARGET@120 LOT SIZE:75 QTY:6 NOTE:A TEST OF 200-DMA IS POSSIBLE IF BREAKS THEN HOLD ON FOR 10930 LEVELS MACD ABOUT TO GIVE MOMENTUM BAR ABOVE ZERO GOING INTO +VE MOVEMENT REDUCTION IN VOLATILITY INDEX VIX IS SHOWING STRENGTH ON THE UPSIDE TRADE WITH STRICT STOPLOSS I HAD POSTED AN EARLY CALL ON NIFTY FEW DAYS AGO THERE WAS A TYPING ERROR BULLISH ENGULFING*IS PIERCING LINE PLEASE NOTE THAT
NSE:NIFTYLong
by manavtechresearch
2
FLAG OR A DESCENDING CHANNELIt is sometime hard to interpret a chart pattern because of the complexity.I am 23 years old might be having only few years of experience in the field of research but i have been studying technical analysis since i was 18.Today i am going to share some basic knowledge that i have learned in level-1 of Chartered Market Technician(CMT). ''Now some traders or analyst must have seen some choppy and indecisive movement in the index for a couple of weeks.What is the reason and how to predict/forecast the direction of the index? Here i am going to explain the nifty forecast without the use of wave theory." "It is visible in the daily chart that the index has managed to form a Lower low and Lower high kind of a pattern in which when we connect the lower points and higher points with a trend line we get a channel.It is visible in the chart i have explained it with points.Before the channel formation we saw that there was a sharp rally from the levels of 9700 market went there 2 times and bounced and was on the verge of breaking out the previous high.The rally was a sharp one and kept on going and in the end started the (LL>LH) next formation.This shows that this might be a Flag formation which is a continuation pattern or a Negative channel which is a trend reversal pattern?How do we confirm which is the pattern? " WAY 1 "We trade the boundaries of the channel or wait for a breakout or run a relative strength(not rsi) analysis of the top heavy weights in the index" That is the way one confirm the pattern" "If one understands what is a the primary trend then he knows that the index will not turn negative till it crosses below 9000" Yes that is true, if it crosses below 9700 then one can say the intermediate trend has reversed and turned negative. "If the channel or flag formation continues till 9700 and eventually breaks below 9700 means that the downtrend has been confirmed" Before that confirmation of whether its a channel or a flag will depend upon the number of touches on each side of the boundaries already there are 3 touches.Now if the formation continues for another one month then it would be clear that it is a downward channel and not a flag because we will by that time(end of jan) will have more than 4 touches on each side.A continuation pattern does not last for such a long time. "Now is there any other way to predict the trend reversal or continuation" Yes there is its one of the best indicators i have seen in my life its the Average directional Index(adx line) and the directional index(+DI)(-DI) When the adx line begins to moves from levels of 13 to 20 and then till 40 its a confirmation of a trend and so on till reverses till it 13 again. I won't explain in deep but related to our topic:- adx is currently @16 with a negative crossover between the positive directional index(+DI) and negative directional index(-DI) SYMBOLIC EXPLAINATION IF ADX moves from 16 to 20 and still (-DI)>(+DI) then we have to be alert for a possible trend reversal confirmation of "NEGATIVE CHANNEL" IF ADX moves from 16 to 20 and (+DI)>(-DI) with a positive crossover then we can say that the uptrend will resume it was just a "FLAG CONTINUATION PATTERN" PLEASE NOTE "It is always better to let the price tell you what it is doing rather than us trying to force our analysis on the stock" "I can be wrong its just a educational view point of mine just to share and impart knowledge" "There are more ways to do forecast and use different ways of trading and investment with the use of technical analysis but that knowledge is for buisness purposes only" "Those who like my research can contact me" MANAV KHANDELWAL !HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH out for BTST/STBT IDEAS @ 3:20!! !!EVERYDAY!! SOON GOING TO START MORNING TRADES@9:20 TEHCNICAL ANALYST, STOCK MARKET TRADER AND BROKER, CMT-2 CFA -1 B.COM (Fin.Mkts)
NSE:NIFTY
by manavtechresearch
5
JK LAKSHMI CEMENT The analysis is on weekly time frame so i believe its a long-term investment. The stock is forming a new higher lower formation and showing constant reversals from 507. Now the stock has managed to maintain its 100 day moving average. So currently its placed near the lower end of the formation. "A GOOD TIME TO BUY" for long-term "I WILL BE POSTING MY VIEW FOR POSITIONAL/SWING TRADE" TRADE VIEW BUY @ 415-420 STOP @ 380 TARGET 1 @ 450 TARGET 2 @ 500 TARGET 3 @ 535 LOOK IN THE CHART FOR A BETTER UNDERSTANDING.
NSE:JKLAKSHMI
by manavtechresearch
L&T SHORT POSITIONAL TRADENOW THE STOCK HAS TRADED FOR OVER A MONTH IN A RANGE OF 1209 TO 1240. AND YESTERDAY WENT BELOW THE RANGE AND MANAGED TO BOUNCE BACK AND FORM A HAMMER CANDLESTICK PATTERN BUT TODAY IT SAW A GAP DOWN AND IS FIND HARD TO CROSS BACK ABOVE ITS 20 DAY MOVING AVERAGE IT MEANS THAT THE STOCK IS UNDER PRESSURE AND THE MOVING AVERAGES ARE SQUEEZING AND COMING NEAR TO EACH OTHER SO NOW TRADE CAN BE EXECUTED ON THE DOWN SIDE AND WE WILL USE THE CONFIRMATION OF CLOSE BELOW 1209 TRADE VIEW LITTLE BIT OF RISK SHORT @ 1203 STOP @ 1210 TARGET @ 1187/1180
NSE:LTShort
by manavtechresearch
8
GRASIM IN A POSSIBLE DOWNTRENDStock managed to break on the negative side of the channel previously i had given lot of buy calls on the stock, but due to the channel breakout its time to go short although it was given a huge breakout already i belief that there is further downside momentum in the stock. Reason the stock just closed below its crucial support of 1131 and now will find resistance at that levels Now understand this, there are 3-sma 50/100 /200 it is clear that and 50 and 100 are taken out and the stock will test the 200-dma. It is bound too,but that is not important for me the most important part for me is that the 50-dma is closing on the 100-dma and is just 20 points away from negative crossover that happens then its a indication for the stock that it is going to move on the downside. Now the 200-dma is at 1035 and the next crucial weekly/monthly and daily support is at@1045-48. So lets time the trade........ TRADE VIEW:- SHORT @ 1115-1120 WHAT EVER THE OPENING STOP @ 1135 TARGET 1 @ 1090(SWING TRADERS) TARGET 2 @ 1065(POSITIONAL) TARGET 3 @ 1050(POSITIONAL) !HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH out for BTST/STBT IDEAS @ 3:20!! !!EVERYDAY!! SOON GOING TO START MORNING TRADES@9:20 MANAV KHANDELWAL TEHCNICAL ANALYST, STOCK MARKET TRADER AND BROKER, CMT-2 CFA -1 B.COM (FINANCIAL MARKETS)
NSE:GRASIMShort
by manavtechresearch
SUN TV BEGINS TO TRADE IN A POSITIVE CHANNELGood positional traders always look to trade the range..... Now there are two different chart patterns on different time frames 1)WEEKLY Chart shows the stock is in almost a flag formation with a pennant shape I rule it as a pennant price is reaching its upper end and the stock has gained momentum shown by "MACD" It is important that in the expiry week the stock ends above 488 so that the stock can break above the pennant Big boost is that the stock managed to close above 853 a stop below this level will be very useful 2)DAILY Chart shows that the price is beginning to trade in a channel "MACD" is about to show positive crossover Mild support around 870 TRADE VIEW: POSITIONAL TRADE BUY @ 860-870 STOP @ 850 TARGET @ 890/910 !!HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH out for BTST/STBT IDEAS @ 3;20!! !!EVERYDAY!!
NSE:SUNTVLong
by manavtechresearch