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BANKNIFTY Intraday Trade Setup For 26 Feb 2024BANKNIFTY Intraday Trade Setup For 26 Feb 2024 Bullish-Above 47260 Invalid-Below 47150 T- 47850 48420 Bearish-Below 46710 Invalid-Above 46820 T- 46165 45640 BANKNIFTY has closed with a very slight gain of 0.92% gain last week. Index gave a breakout of 46600 in daily TF on 20 Feb which will be still valid till 46300 is safe. However 46400 is the last swing low so below this we will get an early sign of reversal. The plotted trendline has been valid since 21 Feb, it was respected even on Friday. Now on breakout of this trendline index will give a bullish move, confirmation above 47250. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47260 then we will long for the target of 47850 and 48420. For selling we need a 15 Min candle close below 46710. T- 46165 and 45640. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
HDFC Bank - How market works Hello Friends, We all know that resistance drags price down and support takes price up. But, when and how it happens, probably we don't know? Plotted is the unique indicator Rekhi 144 which shows everything. I have taken HDFC Bank as an example and tried to answer first question as to how it happens? Hope every one of us will understand? But, for second question, how and when will it happen, I will post today itself more charts for you to understand the concept. Please stay connected. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Let you grow. May! I follow you.
NSE:HDFCBANK
by rekhi567
HDFC Bank update Plotted is wonderful indicator Rekhi144 which shows at one go all the supports and resistances. Special Note for all of us: my dear followers: What is so special about this month? This is a leap year and 29th February is a special date being leap year. The stocks which had been booming for the last year will have a high on this date and those which are bearish will start their journey on this date. So, do not keep any delivery with you at the end of this week. Next week may be very volatile. I think you have understood what I want to say. Trade between this time only in the Indian Market. 2-21-24 10:04 AM 2-21-24 2:30 PM Read the notes on the chart and act accordingly. I am not a SEBI Registered Analyst. This is just for educational purposes. I will not be responsible for any of your profits or losses. Please consult your financial advisor before making any decision,
NSE:HDFCBANK
by rekhi567
a good breakout failure peobability in gbp/usdTrading GBP/USD in a range-bound market entails identifying key levels of support and resistance where price tends to fluctuate. When waiting for a second breakout attempt to fail, particularly on the upside, before entering a trade on the downside, a strategic approach is essential. Here's a description of this trading strategy: In a range-bound GBP/USD market, traders observe the currency pair oscillating between established support and resistance levels. These levels represent barriers that price struggles to breach convincingly. The objective is to capitalize on the market's tendency to revert to the mean within this range. Firstly, traders identify the upper and lower bounds of the range through technical analysis, such as plotting trendlines, Fibonacci retracements, or pivot points. These levels serve as reference points for potential entry and exit points. As price approaches the upper boundary of the range, traders remain vigilant for a breakout attempt. A breakout occurs when price surpasses the established resistance level, suggesting potential upward momentum. However, experience shows that initial breakouts often fail to sustain, especially in range-bound markets. Rather than impulsively entering a long position on the first breakout, traders exercise patience and wait for confirmation. They closely monitor price action following the breakout, looking for signs of rejection or inability to maintain upward momentum. If the initial breakout fails, indicated by a swift reversal or inability of price to hold above the resistance level, traders prepare to enter a short position. This failure to sustain the breakout signals a potential shift in market sentiment and the likelihood of a reversal back into the established range.
Short
by jadhaodipak999
Natural Gas - How to trade on Monday Please refer to my previous live market analysis on this commodity where recommended buy at 1.618. Plotted is my wonderful indicator Rekhi144 which shows it has made a solid base at this price and closed at around 1.65. You can vouch that it is still in bearish mode because of following reasons: (i) There is imbalance in left and right shoulders. (ii) price closed under 100 SMA and 200 SMA. (iii) it will take around 5 hours on Monday for the price to come in balance. (iv) Then at least 3 hours next for price to close above 1.618 and make right shoulder heavier than left shoulder. Short term target 1.71. Conclusion: For the simplicity of understanding of all of us; at 4:30 price should be above above 100 SMA with 18 SMA cutting 36 SMA from below. If this is not the situation, wait for the evening session. I will keep you posted about the same. Disclaimer: I am not a registered analyst with any of the National/ International agency. This is only for the educational purposes. Please consult your financial advisor before making any decision. I will not be responsible of any of your profits or losses. Let you grow, May! I follow you. Thank you
CAPITALCOM:NATURALGAS
by rekhi567
NIFTY Intraday Trade Setup For 14 Feb 2024NIFTY Intraday Trade Setup For 14 Feb 2024 Bullish-Above 21770 Invalid-Below 21720 T- 22011 22190 Bearish-Below 21540 Invalid-Above 21590 T- 21339 21120 NIFTY has closed on a bullish note with 0.59% gain today. As per trade setup it traded between yesterday's range an nothing triggered. However plotted channel pattern was broken and bullishness continued till EOD. Hourly trend is still downside and last swing high is 21850 which can bring a reversal sign if taken out. Our swing short from 21800 is still intact with the initial risk @ 22130. Our short level for tomorrow is 21540 but early sign of reversal can be sensed below 21700. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21770 then we will long for the target of 22011 and 22190. For selling we need a 15 Min candle close below 21540. T- 21339 and 21120. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Huge Potential upward movement in #IBREALESTMost of the time from 2012 IBREALEST was in consolidation in a range except 2 times. When ever there was Btreakout (2 times), volume has given signal. Likewise Now a volume Buildup has been formed. Let us wait for the inevitable Breakout. Prior to Breakout, there is a special type of cadle formations, drawn in circles. Such type of candle formations are seen recently. When data is plotted, there is usually a pattern which naturally occurs and repeats over a period. As per Dow Theory, Valid Points to Remember in this Context: Trends are confirmed by volume.
ILong
by D_Street_Wolf
NIFTY Intraday Trade Setup For 31 Jan 2024NIFTY Intraday Trade Setup For 31 Jan 2024 Bullish-Above 21820 Invalid-Below 21770 T- 22058 Bearish-Below 21470 Invalid-Above 21520 T- 21300 21120 NIFTY has closed on a bearish note today with 1% cut today. It opened almost flat and faced resistance at our buy level and corrected till 21475. One anticipation was shared about a pullback through half bat pattern was plotted which somehow pulled it. Since we are close to a big event so intraday moves can be random and big so avoid trading this week or just reduce your position size. If it opens a bit flat then 21475 may act as a good support as per 50% healthy retracement. Incase it breaks then we will head towards 21120 eventually which is a strong hourly support. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21820 then we will long for the target of 22058. For selling we need a 15 Min candle close below 21470. T- 21300 and 21120. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Stock to buy - Lux Industries I have tried to simplify the analysis by plotting my own indicator (Rekhi144). 1. It is showing base at 1300 (Chart Pattern Tipple Bottom) with present resistance at 1344. 2. Here we will analyze the stock from the angle of Smart Money and Retailer as well. a. Smart Money's thinking - Buy immediately - at the beginning of the market, because they know in which direction they have to take it up - to. b. Retailer's Psychology - Be cautious and go slow - have sure profit (may be less) and avoid losses. We being the retailers will go slow. Watch the movement till 11:04 a.m. then buy. Be alert- today is the last day of the trading week, month and the year as well. Upward big movement for the stock is sure but we will go in systematic manner. Conclusion: Buy only above 1300. Watch time candles mentioned above. Let Price levels be maintained above 1287 to 1293 keep stop loss a little below 1283 and buy above 1300 and keep target open. Note : Your trading view time to be set at UTC +5:30 time setting. Still have a question? Please write to me in the comments. I am duty bound to answer all your valid questions. This is the only way we can learn and grow. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
NSE:LUXIND
by rekhi567
The Index remains very strongI have plotted Fib confluence now when mkt makes new highs. The resistances are marked on the chart. The confluence zones are marked with an arrow. the current zone 48040 is a confluence and hence the tentativeness. Look at the volume on the high candle its huge, hence the Index can get sideways. The correction will become a bit more if the Index trades below 47900. The trend remains strong and hence will advice to buy the dips. Am looking at 49K and 50500 above the current resistance.
NSE:BANKNIFTYLong
by singh17vivek
INDIA vix could jump to 19 from current areas of 12.5 support 9-9.50 volatility The India VIX value at the last plotted point is around 15.15, with a slight increase shown by a small green candlestick. This value is relatively low compared to historical peaks, implying that investors are currently expecting lower volatility, which could be interpreted as a stable market environment. However, it's important to note that the VIX is a forward-looking tool and can change rapidly with shifts in market sentiment. Investors and traders use such charts to assess potential risk when making decisions about portfolio allocation, hedging strategies, and when to enter or exit the market. The India VIX, in particular, is an essential tool for those looking to understand sentiment in the Indian equity markets.
NSE:INDIAVIX
by pratik2358
BREAKOUT OF THE YEAR TITAN COMPANYOn the last session of previous week price breakout a more then one year old resistance and gives a good close above that resistance and it is a highest weekly close ever by this stock so it seems a good opportunity to go long in this stock. Target Identify by two ways-: 1- One is theoretical way to measure a triangle breakout which is trading on it's all time high and no previous resistance is standing so we can use the Height of triangle from where it took resistance to swing low it made after for what are the potential target can arrived in coming sessions. 2- A rising trendline resistance I plotted on this chart, which is also adjoin the same levels where the height of triangle is indicating the coming target, so according to me the point of target is looking so logical. Stop loss-: So if we are going long in any of scrip I think the exit in loss (stop loss) is more important so I always believe to take and mention stop loss and that is 2600 levels are looking a strong support now on weekly candle below basis. Retesting levels-: 2780 to 2800 levels which mentioned on chart as triangle resistance which will be act as a breakout retest zone now, some traders like to enter when retesting will complete it totally the matter of choice of a trader and some how it a part of your trading style and risk management too. MOVING AVERAGES-: (EMA) Daily Chart- Price Trading Above 20, 50, 100, 200 Moving Average. Weekly Chart- Price Trading Above 20, 50, 100, 200 Moving Average. Monthly Chart- Price Trading Above 20, 50, 100, 200 Moving Average. RSI-: Daily Chart- 73.23 (Bullish) Weekly Chart- 67.88 (Bullish not Overheated) Monthly Chart- 66.34 (Bullish not Overheated) Key Strengths-: Higher Highs and Higher Lows. Price trading above on all moving averages on Daily, weekly and monthly time frames. Daily and weekly and monthly RSI are Bullish. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk. Regards-: Amit
NSE:TITANLong
by AMIT-RAJAN
41
Voltas - Stock to buy After making all the study regarding Elliot Wave and other relevant analysis, to make things simpler for all of us to understand, I have put just two green Horizontal lines and plotted my indicator based on daily volatility. Stock Price is above pivot shown by white thick line. 1. The upper Green horizontal line is providing resistance right now. 2. The lower Green Line is of course support. 3. White thick line which you can see is the pivot line and the stock is above that pivot line for the last 4 hours. 4. The stock has completed its upwards movements 1 to 5 and downwards movements of 1 to 5 and after so many years, it is ready to go up. Yesterday's time candle of 3:12 p.m. is providing support. Your comments will make us all better and better. Please contribute and ask any of your doubts/ questions by way of comments, may be in Hindi or English, I will try to answer all of your valid queries. This is the only way we can learn. Disclaimer: I am not a SEBI Registered Analyst, it is just for educational purposes, please consult your financial advisor before making any decision.
NSE:VOLTAS
by rekhi567
2
Natural Gas - Commodity to Buy and hold 1. Natural Gas is trading between two sky blue horizontal lines with corresponding sky blue trend lines of the Gann angles. 2. It is the best time to buy and hold if low of November 1 is not broken. Moreover high of 29th October 2023, is the major resistance. Dates of 4th November and time of 12:47 p.m. candle is important. 3. I have not plotted any indicator on the chart knowingly so that it gives you clear vision. 4. The commodity moves up slowly in upwards direction, but for sure, if you buy and trade swings, it will give you a lot of money. In the long run once Level of 3 is broken, expect a level of 5 very soon. Money will double within next 3 to 4 months. 5. For the next week, if low of 1st November is not broken, we are sure to see some good upward swing levels. 6. Sometimes it becomes difficult to post all the points which are important, so very soon will start posting video ideas/ live streaming. Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you grow. May! I follow you.
CAPITALCOM:NATURALGAS
by rekhi567
3