NAUKRI (1D TF) Swing Trade Analysis given on 7th Jan, 2024 Pattern: ASCENDING TRIANGLE - Volume Spike at Resistance - Done ✓ - Breakout - In Progress - Retracement & Consolidation - In Progress
Stock was trading in a sideways range & then broke out. Now some retracement happening, which provides an opportunity to go Long. Planning to time the Trade as per the Daily RBR Demand Zone.
SHRIRAMFIN has formed a triangle pattern, given a breakout and is at retracement level, earlier resistance may act as support now. 1300-1330 is a good buy zone. SL: Daily candle close below 1300 levels. Target: 1970 levels in 5 - 10 months timeframe. Note: If it sustains above 1700 levels, it is good to hold for long term with targets of 2300 and then 2800+ levels.
Trend analysis RSI point of View Higher Top and High Bottom Sequence breaking. Dow Theory reversal could be happen. Negative divergence confirmation if lower high and lower low with bearish candle is witnessed. Can lead to retracement initially to 23.6%
Started a new setup for scalping for shorter.Please give some suggestions if I need to make improve the way I look up to Fib
Dollar Index chart looks weak as of now, it had broken 61.8% retracement for the upswing in consideration and heading downside. It probably test recent swing lows around 101 levels/
There is strong signal of crash technically in BankNifty. 50% Retracement Done Flag&Poll Done supported target Done.
Exciting Session on 16th March 2023 unfolded with a temporary bounce from day lows of 38613 towards 39300 approx & a fall back to 38750 approx without making a new low or breaching below 38613 - puts strong case of truncation. Truncation is rare to happen suggesting that ongoing trend could abruptly halt in between & take a sudden reversal which could be possible...
NIFTY 50 Analysis Bearish Engulfing - on 15 min time frame Support at 17730-17750 Trend - Uptrend , may see some retracement in morning on Monday Disclaimer : This study is only for educational purpose. Do your own study before taking any trade
Chamanlal Setia Exports Ltd (CLSEL) Bullish on this stock. Even with so much of panic selling in the overall market Volume on the bearish candles are not so great. Stock is in the uptrend. Forming Hammer candle near 55 SMA level which is also 0.382% level of Fibonacci retracement which might be a sign of bounce back. Target 1: 135 Target 2: 140 SL for a...
Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns. This Video Talks About Fear & Greed - Two Visceral Emotions It is very important to control your emotions, to avoid any unfavourable outcomes for the decision made as an investor or trader in the market ...
We are seeing good sell with gold as dollar needs retracement of down fall which came on Friday night NFP , If gold breks 1865 beware !
Bank nifty idea review for the day 16.11.22. Pls watch, how fib retracement levels act as the support or resistance
as market showing bearish structure and we can see one trianlge pattern is recently broken, we plan for sell on retracement and 2nd level entry is from demand zone
1. Stock is in a good up trend 2. Had a healthy retracement and formed bullish candle in monthly time frame 3. Trendline break out in daily time frame 4. Consolidation after trendline break out 5. Head and shoulders pattern inside the consolidation. MY ENTRY 50% position at the support area Rest of the position after a breakout of the neck of head and shoulder...
Points to note 1. Price is at a great support 2. Price fell 30% without a retracement or a good consolidation 3. Price is far from 20MA 4. Created a double bottom in 1hr time frame. My Entry setup - When the 15 minute candle closes above the neck level of double bottom + Breaks 200 MA "This is not a call, this is just my view on the stock. Please trade...