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BANKNIFTY- UPDATEThe earlier Analysis is coming true and I hope it is the final destiny of bank-nifty.
Now you can put 20% of your capital to investment.
I am personally feeling that we would touch the lower trend-line plotted with red line.
Two circles are plotted to show the Fibonacci Ratio Supports and there are some red vertical line those are cyclic lines which give an approximated time to travel the targets.
Please hit like if you liked the chart. It is an update to the last chart updated.
Please do your own analysis before going for any trade execution.
Regards
Bank Nifty showing signs of weakness on short term basisBanknifty is in second wave of correction since start which is a running triangle in progress with formation (:3:3:3:3:3) which till my previous analysis posted on forum was a b wave of running flat (:3:3:5) formation in second wave.
The complete formation is a three wave correction with first wave plotted only for purpose of understanding, as the chart formation never happened in indian market and is a assumption as the bank nifty chart starts with wave 2 .
Currently market is very weak and will go down further as mentioned by yellow wave lines which are plotted based on my understanding of Elliott wave study ( glenn neely) , harmonic wave pattern retracement rules , Thomas Demark sequential analysis (which I have been using to mark completion of waves ), price volume analysis ( gevi holmes)
Currently we are in complex c wave formation of the second wave . The status of market for a short term is weak and next year is very strong considering the chart formation as per my understanding as of date.
I hope this analysis gives you all a different perspective to your analysis of the bank nifty chart.
BITCOIN 80k soon : FIB Extension & Flag-Pole theory (READ CAP) Bitcoin projected targets are 80k as per both of my theories:-
1st THEORY- FLAG & POLE - Widely used Flag Pole is basically plotted to guess further targets when an asset is at ATH . Bitcoin went into consolidation and formed a slant flag after a huge rally, here the rally is considered as a pole. So we just draw a trendline from the bottom to the top of the rally till the current consolidation phase and paste the same pole ahead of the flag. Our projected target is 80k here. This is a very simple theory.
Second one is Fibonacci Extension . We plotted this from 28k to 53 where it retraced and we usually consider 0.618 as our targets which is again 80k
Now that's huge and looks quite accurate.
COMMENT your views
HODL !
Bandhan Bank ready to explode? Perfect Fib Setup 0.5 and 0.618 in Fibonacci is a golden zone from where price retraces so here Bandhan bank was following a trendline so to predict that pullback we used fib! We plotted Fibonacci from 165 to 423 (uptrend) and if we observe the reaction to our golden zone we can see it is a very important key zone. It broke out of Falling wedge with a nice breakout with good volumes. Since it gave a nice move after breakout so we need a minor pullback and that can happen if the price retests but 295 fib level is way too far and so I plotted Volume profile . Now it's clear, enter at POC (highest traded line) and that will be our entry point. A logical SL below 265 because what if it retests deep? We need to think like this. Targets are 350, 425 for as long we don't see a reversal in future! Get set go! HAPPY TRADING 💹
SUMMARY:-
Entry only if it retests depending upon the depth i.e. best entry 309 (at POC)
SL below golden fib level i.e. around 250
T1 350
T2 425
Figuring out if a breakout is genuine? (EDUCATIONAL)A perfect breakout setup has :
(A) Volume Expansion- Whenever a breakout happens the first thing you might want to check out is if Volumes are increasing i.e. people are getting into it or not. If there is no interest of people in that stock, that breakout might not sustain.
(B) Popping out of highest traded clusters- I don't know why but people hardly use volume indicators like Volume Profile which give you an idea. Volume is plotted horizontally but in VP you get volumes plotted vertically along with the price so it becomes very easy to figure out if people are interested or not. Whenever price moves out of a highest traded zone/cluster, it indicates that either bulls or bears are back in action depending on the breakout side.
(C) Bullishness in Momentum Indicators like RSI, MACD- Again these momentum indicators work well on higher timeframes like daily, weekly and tells us about the momentum and strength. Here the RSI was struggling nearly an year for breaking above 60 and this time it did so it tells us about the strength of a breakout.
(D) Ideal Risk to Reward is an important factor that you definitely need to check out. For swing/positional 4R (1:4 Risk to reward) should be there and Risk should always be calculated before taking trade with position size defined!
HAPPY Trading!
Oil - Small things to watchout for.Support turning resistance is the first point of this chart.
Tried connecting a small Trendline which actually look like a small triangle on chart.
Some thing that is interesting is that price already tried to go down below 200 EMA but buyers pushed it back up.
Now volumes are increasing slowly.
I have marked 2 targets:-
Green one is smaller target and will require less time as per my view.
Blue one is bigger target that requires patience to hold for some time.
One thing i request everyone that please please do not take premature entries in fear of missing out. These red lines are plotted some reason they are not for looking fancy. So enter only and only once prices closes or looks like closing above the red lines.
Cheers & Happy Trading.
Disclaimer:- I am not SEBI registered. Trade with your own risk and trade with caution.All the levels plotted are only for educational purposes.
Metropolis-A Swing Trading OpportunityMetropolis has been making a series of higher low while taking support at the trendline. I have marked higher lows for the reference as well.
Upper line of triangle has already been tested 5 times.As per the concept every test makes resistance weaker and weaker.
Levels are plotted on charts.
Keep an eye folks. Cheers and Happy Trading.
Disclaimer:- I am not SEBI Registered. All the levels plotted are only for educational purposes. Trade with your own risk and with your own caution.
Bandhan Bank to start fresh Impulse WaveStock post touching 650 broken Consolidation started going south till 152.
From 152 it made retracement fib levels 0.5 completing first 5 wave impulse
Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse.
Long all dips towards 270
Short term STOP LOSS 248, For Long term bigger Stop loss of 195 on daily closing basis.
Expecting impulse 5 waves to start soon with short term targets 368,396,432(possibly wave 3).
Long term positional target 521 (80%+).
Disclaimer: Calculated and plotted values may differ from actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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Minda Industries Leading Diagonal end Wave 3 StartStock post breaking Leading Diagonal started upside with big volume.
Long all dips towards 330-310
Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones.
STOP LOSS 277
In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level).
Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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VGuard Volume Gain and Breakout of ConsolidationVGuard broken falling wedge with big volume.
Stock looks to all set to move up towards 230 levels if takes out 184 easily. Failure to break 184 will form symmetrical triangle.
Any Dip towards 165 long opportunity SL 158 on daily basis. Target 180, 200 230+
Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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Maruti Suzuki At parallel Channel Resistance Elliot Wave 2Stock post breaking Triangle currently in consolidation at upper channel line drawn from 9929 level.
Red Marubozu on Fri 14th Aug 2020 tells start of down move.
Wave 2 is starting probably gonna consolidate and go down towards fib levels 0.382 (6385), 0.5 (6264).
All bounce towards 6600-6700-6800 short opportunity
STOP LOSS 6900
Potential to hit 6400 6300 positional targets
Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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Nifty Wedge/ Parallel channel Formation Elliott wave AnalysisToday Nifty opened gap up and invalidated assumption of impulsive down moving Elliott wave.
At gap up 11248 it confirmed since wave 4 touched wave 1 now its forming a wedge or parallel channel.
Where wave 4 should end near 11268 which is 0.618 fib level. Next fib 0.786 11311.
Stop loss 11325
Resistance 11270-85 will be difficult to cross.
Wave 5 should start downside and end near 11055.
Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
Clear picture of WAR between buyers and sellers on BANKNIFTY.I have plotted everything clearly for on the chart. Yes, I know these all plotted points are historical, but shortly I will update next control price, excess, value area for the 15min chart which will give you confidence for trading.
When you know what is happening, you trade with complete faith.
Presently, there is not any control price level, so we have to move for a shorter timeframe.
INFY Intraday / Swing Levels For Trade Date 21st - 23rd Aug '17Investor's / Traders Query.
Posted Intraday / Swing Levels For Trade Date 21st - 23rd Aug '17
Aggressive Traders
Go LONG: If above @ 931
TARGET Plotted on Chart
Go SHORT: If traded Below @ 915
TARGET Plotted on Chart.
BEST Accumulation Level @ 908 - @ 895.
FUTURE Levels:
Phase - I
RES: @ 931.7, @ 934.65 (S), @ 939.3 - @ 942.6 (TFZ / HZ #1), @ 951.5
SUP: @ 922.4, @ 919.5 (S), @ 914.9 - @ 911.5 (TFZ / BZ #1), @ 902.7
Phase - II
RES: @ 956.2, @ 959.25 (S), @ 964 - @ 967.4 (TFZ / HZ #2), @ 976.5+
SUP: @ 898.1, @ 895.3, @ 890.8 - @ 887.6 (TFZ / BZ #2), @ 878.9-
More Updates & Intraday / Swing Trade Snapshot updated later.
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Disclaimer: Only For STUDY. Sorry in Advance if hurt any member or viewers.
Have not follow time-line, Sorry in Advance if view conflicts.
M&M: Reversing from strong support level.Harmonic: Bullish AB = CD
Rest plotted on chart.
Trade Setup: LTP: @ 1366 (at 11.25 AM)
LONG: @ 1368 - 1362 (40% of Investment)
Best: @ 1356 - @ 1350 (30% of Investment)
More (Final): @ 1342- (30% of Investment)
Intraday / Swing Trade Target:
@ 1377, @ 1382 - @ 1386, @ 1396.5+
Short term levels plotted on Chart.
Sl: @ 1334-
Snapshot of Intraday Levels on QUERY.
More update later if scenario change.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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ADANIPOWER: Multibagger for coming day'sCandle pattern: Morning DOJI Star.
Bouncing from Strong Support Level (Zone)
Indicators: Bouncing from OverSOLD Region.
LONG @ 28.90 to @ 27.70
Swing trade levels Plotted on Chart.
ST_TP (Short Term Target Price): plotted on Chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment /Share, If useful & enriched your knowledge.
Snapshot of Intraday Chart Updated later.
HUDCO: Investment as Retirement Solution.All plotted on chart.
Trading at 61.8% Retracement level.
Crucial Zone @ 79.15 to @ 80.75
also Bullish GAP @ 79.40 - @ 81.40
Go Long: @ 82.65 to @ 81.45 (40% of investment)
If Crossed @ Stay above @ 83.50 for more than 30 min, accumulate more.
If Dipped Below @ 81.40, wait for @ 79.70 - @ 79.35 (as it is Previous GAP & may be Covered)
TARGET: Plotted on Chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment / Share , If useful & enriched your knowledge.
With warm regards.
DSKF16.
PFC: Can Good Power Generation LIFT Power Finance ? All plotted on Chart.
Go LONG @ 124.15 (LTP at 2.55 pm)
Best Long: @ 123.90 - @ 121
Swing Target: @ 128.05, @ 129.4, @ 130.9, @ 132.75 , @ 134.7+
Short term / Medium Term : Plotted on Chart.
SL: @ 116.50- (By closing)
If Helpful, post Comment.
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Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
CANFINHOME: Reversal to enter, new HorizonStrong Reversal to enter, new Horizon.
All plotted on Chart.
LTP: @ 3121 at (11.11 am)
Go LONG: @ 3121
More @ 3094 - 3104
TARGET for Short term / SWING trade / Positional, Plotted on Chart.
More updates Later.
Strategy for FnO trade : On Query.
For intraday TARGET,
Follow, Snapshot of intraday Levels.
If enriched your knowledge,
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Comment appreciated.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
NIFTY: INTRADAY Support & Resistance for 28th July 2017Intraday LEVELS Plotted on the CHART.
SCROLL UP & DN for MORE Levels (If Trading Range INCREASED)
NIFTY: Candle Pattern indicates Bulls struggling near All time High point
Indicators & Oscillators indicates "Sell on Rally".
TREND: MIX, Bias: -VE
Levels plotted on chart, Using AUG 2017 Series.
Though Volatility differs from July 2017 Series (as per FnO data).
(Chart Using Volatility of July 2017 Series in end of Description)
Trade Setup for FnO Traders on 28th July 2017:
LONG if Stay Above @ 10085 for 15 Min / Crossed @ 10095.
TGT: @ 10108 - @ 10120 ( HZ #1,Trend Finder Zone),
@ 10148 , @ 10171, @ 10186 - 10198 (HZ #2), @ 10225+
SHORT if Stay Below @ 10055 for 15 Min / Dipped @ 10046
TGT: @ 10031 - @ 10020 ( BZ #1,Trend Finder Zone),
@ 9992, @ 9968, @ 9954 - @ 9943 (BZ #2), 9915-
If enriched your knowledge,
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Comment appreciated .
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
The levels mentioned below mentioned chart
using Volatility of July 2017 Series.
Compare with Main Chart while trading.