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USDJPY Adjusts, Forms New Resistance, Awaiting Signals from BOJCurrently, USDJPY is adjusting after breaking out of a downward channel, creating a new resistance zone at 145.000 and showing signs of a potential reversal. The EMA 34 and EMA 89 lines are currently above the price, acting as dynamic resistance levels and applying downward pressure. The key support zone lies around 143.500. If the price drops to this level and strong buying pressure emerges, we can expect a potential rebound from here. Traders should closely monitor price action at key support and resistance levels. Entering buy or sell positions should be based on clear price action or technical signals. On the news front: The Japanese yen stabilized on Thursday after a strong rise earlier in the week, driven by bets that the Bank of Japan will further hike interest rates this year following a series of tightening signals from BOJ officials.
by Romio_pro
1
Cello Worlds Ltd (Long Trade setup)NSE:CELLO Company Overview: Cello World Ltd Cello World is a leading Indian consumer product company mainly dealing in writing instruments and stationery, molded furniture, consumer housewares, and related products Technical Analysis: Support from Trendline and Rising Channel Formation: Cello World Ltd has shown strong technical patterns, including support from a trendline and a rising channel formation, indicating bullish momentum. Trendline Support: The stock has consistently bounced off a well-defined upward trendline, suggesting strong buying interest at lower levels. Rising Channel Formation: The price movement has been contained within a rising channel, characterized by higher highs and higher lows, which typically signifies a bullish trend continuation. Investment Idea: Buy Setup : Entry: Buy above 900 levels, as this confirms strength in the ongoing uptrend and breaks through potential resistance. Targets: Initial targets are set at 975 and extended targets at 1075, reflecting potential upside based on the current technical setup and market conditions. Stop Loss: Place a stop loss below 870 to manage risk, ensuring protection in case of a reversal or unexpected downturn. Conclusion: Cello World Ltd presents a compelling technical setup with support from a trendline and a rising channel formation, suggesting a bullish outlook. Investors could consider entering the stock above 900 levels, targeting 975 initially and potentially extending gains to 1075, while managing risk with a stop loss at 870. Always consider market conditions and your own risk tolerance before making investment decisions. Thanks & Happy Trading S_Rawat Disclaimer: This idea is shared for educational purposes and should not be interpreted as financial advice. Please conduct your own research and consider your individual financial circumstances before engaging in any trading activity.
NSE:CELLOLong
by S_Rawat
2
Valor Estate Ltd.#### 1. **Price Chart Analysis (Upper Section)** - **Uptrend Channel**: The price is moving within a clearly defined upward channel, indicating a long-term uptrend. - **Support and Resistance**: - **Channel Support**: The price has touched the channel support multiple times, confirming its validity. - **Horizontal Resistance**: There is a horizontal resistance line which was recently broken, suggesting a bullish breakout. - **Chart Patterns**: - **Falling Wedge**: A falling wedge pattern is identified near the resistance breakout, which is typically a bullish pattern. The breakout from this pattern adds further confirmation to the uptrend. #### 2. **Volume Analysis (Below Price Chart)** - **Volume Spike**: There is a noticeable increase in volume coinciding with the breakout, indicating strong buying interest. - **Volume Profile**: The volume profile highlights significant trading activity at the current price levels, providing a strong support base. #### 3. **RSI Analysis (Lower Section)** - **RSI Trendlines with Breakouts**: The RSI is at 54.85, which is in the neutral zone. - **Historical Breakouts**: The chart shows several RSI breakout points. The recent RSI trendline shows a potential bullish divergence as it moves upwards, indicating increasing momentum. - **Volume Highlight**: Volume is also highlighted in the RSI section, showing correlation between volume spikes and price movement. ### Interpretation: - **Bullish Indicators**: - **Channel Uptrend**: The price consistently follows an upward channel. - **Resistance Breakout**: The breakout above the horizontal resistance and falling wedge pattern indicates a potential continuation of the bullish trend. - **Volume Support**: Strong volume during the breakout suggests institutional buying. - **RSI Neutral**: While the RSI is neutral, it is moving upward, indicating potential bullish momentum. ### Potential Actions: - **Long Position**: - **Entry Point**: Considering the breakout and uptrend channel, entering around the current price levels could be a good opportunity. - **Stop Loss**: Placing a stop loss slightly below the channel support or the recent breakout point to manage risk. - **Monitoring RSI**: Watch the RSI for any signs of reaching overbought levels or bearish divergence. ### Conclusion: The chart presents a strong bullish case with multiple confirming indicators such as the uptrend channel, breakout from resistance and falling wedge, and strong volume support. Careful monitoring and strategic entry points with appropriate risk management could capitalize on this bullish trend.
NSE:DBREALTYLong
by brijmohan_h
Technically + Fundamentally Stock Is Very Strong- Keep In Radar 1. **Support and Resistance Levels:** - The stock chart shows key levels where the stock price tends to reverse direction. The support level is around ₹120-₹140, where the stock finds it difficult to go lower and usually bounces back up. The resistance level is around ₹170-₹175, where the stock struggles to go higher and tends to drop back down. These levels are highlighted with horizontal lines and arrows on the chart. 2. **Trend Lines:** - The chart shows an ascending trend line, indicating that the stock price has been generally increasing over time. This trend line acts as a dynamic support level, suggesting that the stock is in an overall upward trend. 3. **Volume Analysis:** - The volume bars at the bottom of the chart represent the number of shares traded. A significant increase in volume, especially the recent big green bar, indicates strong buying interest. High volume on an upward move is a bullish signal. 4. **Indicators:** - The indicators at the bottom, like the Relative Strength Index (RSI), help in identifying overbought or oversold conditions. The RSI above 70 indicates the stock might be overbought, while below 30 it suggests oversold conditions. The green line in the chart indicates buying strength. ### Fundamental Analysis 1. **Company Overview:** - INOX WIND LTD is a company that manufactures wind turbines, which are used for generating electricity from wind. This is part of the renewable energy sector, which has been gaining importance. 2. **Market Position:** - The stock price's upward trend suggests that the company is performing well in the market. Investors have confidence in the company's future prospects, as indicated by the rising stock price. 3. **Recent Developments:** - The recent spike in volume indicates that there might have been some positive news or developments regarding the company, leading to increased buying activity. 4. **Future Prospects:** - The chart shows an arrow pointing upwards, indicating that technical analysts expect the stock price to continue its upward trend. This expectation is based on the stock breaking through its resistance level, which could lead to further gains.
NSE:INOXWINDLong
by Marketik
1
Stock Market Analysis Report: Cochin Shipyard Limited All aboard the Cochin Shipyard Limited stock, because this ship is ready to sail to new heights! 🚢💹 We’ve spotted some thrilling price action and technical patterns that promise a profitable voyage. Let’s dive into the details. Price Action Overview Chart Analysis Current Price: ₹2,679.95 Daily High: ₹2,679.95 Daily Low: ₹2,405.05 Volume: 13.027M Key Technical Indicators Breakout Point Entry: The chart shows a breakout above the previous resistance level, signaling a strong upward trend. Volume Spike: There is a notable increase in volume, confirming the breakout and indicating strong market interest. Detailed Analysis Breakout Point Entry Formation: The stock has been steadily climbing, breaking through key resistance levels marked as A, B, and C. The latest breakout point entry is a clear indicator of bullish momentum. Significance: This breakout suggests that the stock has the potential to continue its upward trajectory, as it has overcome significant resistance. Volume Spike Volume Increase: The recent volume spike is significant, as it demonstrates heightened trading activity and investor interest. This adds credibility to the breakout and suggests sustained momentum. Implications: High volume during a breakout typically indicates that the new price levels are supported by strong buying pressure, reducing the likelihood of a false breakout. Price Targets and Support Levels Immediate Resistance: ₹2,800.00 - This is the next level to watch for potential profit-taking. Support Levels: Primary Support: ₹2,438.25 - This level should act as a strong support if the price retraces. Secondary Support: ₹2,200.00 - A more conservative support level that aligns with previous consolidation areas. Why did the shipyard stock bring a life jacket to the market? Because it’s ready to float above the rest! 🛟📈 Conclusion Cochin Shipyard Limited is exhibiting a strong bullish trend with a confirmed breakout and significant volume spike. Keep an eye on the resistance level at ₹2,800.00 and monitor the volume to ensure the breakout sustains. Happy trading, and may your investments be as sturdy as a ship's hull! 🌊⚓ Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions
NSE:COCHINSHIP
by TRADING-NASA
BANCO PRODUCTS Surges with Breakout Above Key Resistance✅The stock has broken out above the key resistance level around 690-710, indicating a potential continuation of the bullish trend. ✅The ascending trendline provides strong support around the 580-600 range, reinforcing the stock's upward trajectory. ✅The RSI is at 72.78, indicating strong bullish momentum. The MACD histogram shows positive momentum, with a recent bullish crossover further supporting the breakout. ✅The breakout is accompanied by a significant increase in volume, confirming strong buying interest and bullish sentiment. ✅Banco Products has demonstrated consistent growth in revenue and profitability. The company's strong balance sheet and effective cost management strategies contribute to its financial stability. ✅The company is a leading manufacturer of automotive cooling systems and gaskets. Its strong market position and continuous innovation in product offerings provide a competitive edge. ✅The automotive components sector is experiencing robust growth, driven by increasing demand for vehicles and advancements in automotive technology. Banco Products is well-positioned to capitalize on these industry trends. ✅Positive macroeconomic indicators and supportive government policies are likely to benefit the automotive sector. Banco Products' strategic initiatives and financial strength make it a promising player in the industry.
NSE:BANCOINDIALong
by Marketik
BF Investment's Breakout to All-Time High With Strong MomentumCompany Overview: BF Investment is a prominent investment company with a diversified portfolio of investments across various sectors. The company has a strong track record of delivering value to its shareholders and is well-regarded in the investment community. Technical Analysis: - All-Time High + Upper Trend Breakout: BF Investment has broken out to an all-time high, indicating a strong bullish sentiment in the stock. The breakout is also accompanied by a breakout from an upper trendline, further confirming the bullish trend. - High Volume & Rise in RSI: The breakout is supported by high trading volume, indicating strong buying interest in the stock. Additionally, the Relative Strength Index (RSI) is rising, showing increasing strength in the stock's momentum. - MACD Crossover and High ADX: The Moving Average Convergence Divergence (MACD) indicator has shown a bullish crossover, confirming the positive momentum in the stock. The Average Directional Index (ADX) is also high, indicating a strong trend in the stock's price.
NSE:BFINVESTLong
by Marketik
Symmetrical Triangle Pattern Breakout & Retest oneRectangle Pattern Breakout: NOCIL has recently experienced a breakout from a strong rectangle pattern, which had been forming over a period of 3.2 years in the chart. This breakout is a significant development and indicates a potential shift in the stock's trend. - Symmetrical Triangle Pattern Breakout: Additionally, NOCIL has broken out from a symmetrical triangle pattern, further confirming the bullish sentiment. This breakout adds to the strength of the rectangle pattern breakout and suggests a strong potential for upward movement. - Retest Confirmation: After the breakout, the stock has successfully retested the breakout level, now turned support. This retest confirms the validity of the breakout and indicates a potential continuation of the uptrend. - Key Breakout Levels: The breakout occurred as the stock crossed the critical resistance level around 295-300. Sustaining above this level confirms the breakout and sets the stage for potential bullish momentum. - Volume Confirmation: Notably, there has been a surge in trading volume since September, coinciding with the breakout. This increase in volume suggests strong buying interest and validates the breakout. - Upside Potential: With the breakout confirmed, NOCIL has the potential to move towards the upside. If the stock can sustain its position above the breakout level, we may see further upside towards the 340 to 400 levels in the coming days. These levels represent potential resistance-turned-support zones, indicating a bullish trend continuation. - Consolidation Scenario: However, if NOCIL fails to maintain its position above the breakout level and trades below the 280 level, we may witness some possible consolidation between the range of 280 to 250 levels. This consolidation phase would provide an opportunity for the stock to gather momentum before potentially resuming its uptrend. ### Conclusion: NOCIL has experienced a significant breakout from both a rectangle pattern and a symmetrical triangle pattern, indicating a strong bullish sentiment. The retest of the breakout level adds further confirmation to the bullish outlook. With strong volume confirmation and potential upside targets, NOCIL presents an attractive opportunity for traders and investors. Monitoring the stock's price action to confirm the breakout and adjusting strategies accordingly will be crucial for capitalizing on this potential uptrend.
NSE:NOCILLong
by Marketik
Breaks Strong Resistance on High Volume, RSI and ADX StrengthensMetropolis Healthcare Breaks Parallel Channel, Strong Resistance on High Volume, RSI and ADX Strengthens Bullish Case 1. Parallel Channel Breakout: Metropolis Healthcare has broken out of a parallel channel pattern, suggesting a potential change in trend direction. 2. Strong Resistance Breakout: The stock has broken a strong resistance level with high volume, indicating strong buying interest and potential for further gains. 3. Rise in RSI and ADX: RSI and ADX are rising, showing strength in the uptrend and supporting the bullish case. 4. Higher Highs and Higher Lows: Metropolis Healthcare is forming higher highs and higher lows, indicating a bullish trend. 5. Moving Averages Support: The stock is trading above key moving averages, such as the 50-day and 200-day EMAs, further supporting the bullish bias.
NSE:METROPOLISLong
by Marketik
USDJPY: Received 2 great supportsHello dear friends, what do you think will happen to USDJPY today? Currently, the USDJPY currency pair is experiencing a good upward momentum: Regarding the first factor: USDJPY has completely escaped from its previous downward trend and is showing strong buying momentum returning. Regarding the second factor: After price correction to the Fibonacci 0.5 level, the price has started to rebound, which is a perfect sign indicating strong buying pressure from investors. With these two factors, we will prioritize a Buy strategy for USDJPY with favorable conditions to take profit at the two main levels of 149.19 and then 154.37. How about you? What is your opinion on USDJPY?
Long
by RKarina
No trade zone between 17609 to 17670.In analyzing market trends, it is important to identify potential no-trade zones and formulate appropriate trading strategies that align with one's risk tolerance and overall objectives. The current price range between 17609 and 17670 has been characterized by strong buying near the lower end and selling near the upper end, indicating the presence of key support and resistance levels. As such, I have decided to exercise caution and wait for a favorable breakout accompanied by a retracement before initiating any buying position. In addition, I am considering buying if the price breaks out of the trendline resistance or falls below the no trading zone along with a retracement , as this may indicate a change in market dynamics and potential opportunities for profit. These strategies are designed to ensure that I am entering the market at optimal points and are consistent with best practices for risk management. the OI data suggests we have a strong put writing on 17600 & call writing on 17700 right now, I'll suggest you stay neutral in such market situation
NSE:NIFTY
by Doinel33
PostMortem on BankNifty Today & Analysis of 11 NOV 2022What a spirited performance by NSE:BANKNIFTY today! Mega gap up opening at 42163 breaking the all time highs and a perfectly strong buy day today. The attempt to close the gap was short-lived when BN took support at 41929 (The swing high of the last few sessions). This was quite expected after the mega US rally yesterday, SP:SPX up 5.5%, NASDAQ:NDX up 7.49%.  Here bank nifty was already at ATH so this overnight news really helped the NSE:CNXIT index more (up 3.81% today). I have been covering this story for a while now, the expiry trades are at isolation mostly due to positioning and the adjacent days has continuous price action. Let me be very specific here with examples From image below, see the blue encircled portion which is what happened in expiry yesterday. The entire day was in isolation - the day today had no significance to the trades done yesterday. The pink highlight shows how the bank nifty would have continued if there was no expiry positioning. Remember i said this expiry bank nifty will be bearish - it was because of this see orange highlight. The last 1 hour move on wednesday showed us indications that thursday will be bearish. But this had no significance in the overall trend direction. What this does is create an imbalance of information - which leaves a hole in the pocket for traders who cannot digest it. --- Of the bank nifty components we have few anomalies today - lets try analyzing them one by one NSE:HDFCBANK up 5.67% mostly because of the MSCI rebalancing news. The gap up was soft, the news drove the stock up. NSE:ICICIBANK down only -0.46% but the chart pattern of icici vs hdfc shows a mirror like image. The gap up was huge and the fall was rhyming with the hdfc news.  NSE:SBIN also had similar chart patern as icici - mega gap up and a gradual fall to close lower. Both SBI and ICICI would have been unwound to stabilize the bank nifty index when hdfcbk was getting accumulated. Again the institutions would have done this keeping their MTM losses under check If yes - then we can expect a counter move in the next 3 sessions prior to this expiry. Or else the big boys will have to take their losses and move forward. The fall in BSE:KOTAKBANK came after 11.00 only, the intensity of fall was strong - may be the strong hands would have booked profits after the move yesterday. Axis bank gave confusing chart pattern today - jumping up and down after the gap up. The chart isnt bearish today - but i cannot say its bullish also. IndusInd bank closed positive even after a gradual fall. --- If you look that the chart today, the 9.20 straddlers would have made money. the open and close exactly at the same levels. As 80% of the last 2 months move were in the same fashion. Macros overnight creates gap up or gap down and then the trade for the day happens as the same level. Even for a day like today where hdfc bank had news flow and it rallied 6% - the market participants fought hard to keep the open and close in the range by offloading ICICI, SBI, Kotak. Now is not the time for the faint of heart to do options trading - the people who make money are either the news makers or the insiders. Far OTM PE options would have given good naked selling opportunities today. Look at the intraday highs, previous day close and the final close of todays. Here again algos and HFTs would have identified these mispricings before you or me did. --- S&P500 vs bank nifty the spread has closed down a little due to the extra special move yesterday. SPX down -12.16% vs Bank nifty +6.65%. Lets note that US market had a bear rally bounce vs a bull run in India. After yesterday's move, the nearest support is at 3945.86 and resistance at 3991.18. Also note yesterday's move took out the long red candle as of 02 nov 14.30. Nobody can predict, but the bounce we had in US market was because the trades felt the CPI news will prompt US FED to pivot and start doing the QE from the QT now. Guess what will happen if the FED says they are not pivoting? --- 15mts vs 1hr TF bank nifty - both are showing immense bullishness. Notice today's trade staying on top of the swing high of the last sessions - indicating strength. 1D vs 1W also showing strong bullishness. The day's candle is a break away red doji much like a shooting star. But the week's candle is strong green with a long bottom wick. --- Bank nifty support and resistance has been updated new support1: 41929, support2: 41618 resistance: no resistance as at ATH --- PS: Read the standard disclaimer at: bit. ly/3Nm3RER
NSE:BANKNIFTYLong
by viswaram
Nifty -50 trend and Levels expected on 03-01-22 trading Hi, The Following points may help full to Nifty -50 Option traders – Good Luck Nifty-50 trend end in last session Neutral in Weekly , Strong Buy in Daily and Natural in 15mint charts. World market Trends – US – Sell & Europe - Natural Asian market Trends – Nikkei - Neutral , Hang Seng - Strong Buy & KOSPI - Buy FII -Bought 575 Cr . in cash , Bought 884 Cr in Index Future & in Index Option Sold -3238 Cr on 31-12-21 DII- Bought 1166 Cr. on 31-12-21 SGX – Open flat and currently trading moving down wards Nifty50 Future – Open flat and currently trading moving down wards The market may open flat or gap down and according to sustains of support or resistance levels as bellow mentioned. The major support zone 17184 crossed bellow and sustained then fall down to17101,16999,16833. The major resistance zone 17267 crossed above and sustained then raise up to 17384, 17534,17639.
NSE:NIFTY
by Saravanan55527
It seems Bulls & Bears are confused - seeking mentoring help!NIFTY 50 EOD ANALYSIS 30-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17051.15 H 17324.65 L 16931.40 C 16983.20 EOD +27.60 points / +0.16% India VIX 21.17 SGX Nifty 29-11-21 @ 1905h = +23 points FII DII = -95 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened almost with O=L and then rallied 250+ points as if it was a real bull market beating all the expectations. And then came the unexpected fall of 300+ points. It took support from just below 17000 and then made an attempt to test 17200 and that failed miserably as it fell again 250+ points taking FTSE as the cue. With this, it erased all the gains made during the day and many scrips have been hammered - the candles of all leading scrips also confirm the same if one looks at the daily chart. On the daily charts, today’s candle appears almost the reverse of 29-11, yesterday. Even though Nifty ended below 17000, it has made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 67 Top 5 Draggers contributed = 99 Net = -32 POSITIVES Infosys and TCS have helped Nifty stay in some sort of balance. They have been ably helped by the Bajaj twins who have now formed the habit of being the lifters or the draggers. The opening hour play indicates that there is strong buying support available around the 17000-17050 area. This could prove to be crucial. NEGATIVES Reliance and HDFC were manly responsible for the negativity and that then spread on to the other leaders. Kotak Bank a lifter yesterday and made a U-turn today and is a dragger today. This is indeed confusing. Bank Nifty failed to close above 36000 and Nifty failed to close above 17000. TRADING RANGE FOR 01 Dec 21 Nifty Support = 16500-16700 Nifty Resistance = 17100 and above until 17500 is taken out on a closing basis. Bank Nifty Support = 35000-35200 Bank Nifty Resistance = 36000-36200-500-800 INSIGHTS / OBSERVATIONS A strong up move in the first hour until a few minutes thereafter took Nifty past 17320 and just as it appeared that we may belatedly follow the global cues, a relentless fall of 325+ points would have trapped many traders on the wrong side. This abrupt fall could be attributable to the opportunistic statement made by the CEO Moderna stating that vaccines may not work on the new variant. Should CEOs make such untested conclusive remarks? Exactly after a quarter, Nifty ended the day below 17000. The last such close was on 30-8-21. Looks like Maths wizards are at it again! Even though the Nifty spot was going down in the last half an hour and it made a low at 16931, the Nifty Future was managed in such a way that it held the low of 17000. The more I observe, the more I find good management skills being applied here. Today FIIs have sold for more than 5000 Crores and DIIs have given a befitting response by buying in excess of 5000 Crores. Based on my tracking, such massive buying by DIIs has happened after quite a few weeks - 2 months plus. Could this be the game changer act? What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 30-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
ALGORAND Cryptocurrency (ALGOUSDT) BULLISH OR BEARISH?ALGORAND Cryptocurrency (ALGOUSDT) for swing - Bullish or Bears? Hi guys, yet again with a new hyped, crypto altcoin; ALGORAND (ALGOUSDT) with a simple price action and chart pattern analysis. The negative news has halted the crypto market which has resulted in panic. The sentiment analysis is filled with Fear (33% at the time of posting this video which has been better from last few days). The Algorand has already been in news due to it's DeFi and interoperability. It is at make or break situation and now in a state of consolidation and therefore will come back to retest its previous levels if it makes a move. This will result in an opportunity for either good buy or good sell for positional or swing traders. The analysis is for 2 hour time frame which has so many movements in itself listed below :- 1. Constantly facing resistance from trend line and therefore it has become weak since the same trend line has been tested for 5 times now! It will definitely come to retest it again and can result in a good move upside. It can gain good momentum (10-12%) in the next few days. 2. A constant support level (strong buying) as shown. Sellers have faced immediate resistance trying to push support levels but failed miserable which means it becomes undervalued at those levels and price moves up very fast. It has tested the support 4 times so it is also becoming weak. 3. It has made double bottom also(W pattern - bullish sign) and gave a break out after retest. But eventually resulted in breakdown, therefore the bullish momentum is pending and can continue in next trading sessions. 4. Volume Profile Fixed Ranged (VPFR) indicates the traded volume amount over a specified period. It works best in higher time frames. It is quite visible when the most volume got traded (yesterday), it resulted in a meltdown. Now this indicates a strong sellers zone and the buyers will have to match seller's frequency if the coin goes uptrend. Therefore, it is the target expected from this point. BOTH TARGET ARE LISTED BUT I AM MORE INCLINED TOWARDS BULLISH NATURE :- 1. BUY - If it breaks 50-EMA (green line) with good momentum (around 1.8600), Target will be 2.000 with stop loss of 1.7300 2. SELL - If it takes resistance from 50-EMA or 200-EMA, target can be 1.5850 with stop loss above the 50 or 200 EMA (which ever is far!)
Long
by raghav_tradeit
3
AFTER CONSOLIDATION OF FIVE DAYS BNF MOVED UP WHAT NEXT SEE !!Hi Traders, 1. Yesterday I posted neither bnf nor nifty. In fact, There was not much change in the structure of both indexes, therefore, I just updated my ideas with an update. Hope you all would have seen it. Those missed either They do not follow me or not configured the right side idea button with your favorite author's notifications. let us compare the statements of the previous blog with price action. In point N0. 1 of the trading plans I mentioned is quoting for your consideration" As you have seen the taken-out condition is not fully activated for a downside trade. So I would like to see the upper zone condition to get activated for long trades. And zone is to watch is the pink dotted line with a solid green line. I showed a green arrow on the zone which has to be watched." You can see I talked about pink dotted with a green line as a zone for the watch in terms of the condition mentioned for this zone. Ideally, the taken-out condition is met only in 15 min time frame, not in 1hr. 2. Since the gap between the pink solid line to the upper end of the zone is big so one can not wait for the trade to get a green arrow condition to get activated. Especially when range bound trade is going for the last 5 sessions show in fig as vertical red line as a breaker. As I mentioned the condition of taken out for complete zone, not Pink color dotted line. Many traders were looking for the pink line to apply this condition. fortunately, it satisfied with both time frames. They must be aggressive traders. There is no harm being aggressive attitude in stock else you know how to time your trade. This post is going to be lengthy because today I have to clear the misconception of taken out condition among traders. So bear with this post. Writing a lengthy post is also time-consuming but for the sake of all traders, I have to write. 3. See I mentioned in point no. 2 of trading plan " If this zone is taken out in 15 min time frame then aggressive traders can take long with the stop loss of buying set up in a lower time frame of 5 Min. For non-aggressive trades, both conditions should be fulfilled. But In trading, nothing is shot sure even 1-hour condition gets fulfilled, you need to find set up on 5 min time frame to take longs with setup stop loss." Today two followers were trading today in bnf but with a different understanding of my points. The first talk about the one who loses 930/- what he wrote was looking upset and tensioned in his trade whereas second who earned 400 pts was calm and confident in his trade. You can yourself Judge as I am quoting their statements to understand how trading is done with conditions I mentioned in every post. "kiran2k7 4 hours ago @kiran2k7, I have taken 2nd JUL 10500 CE @ 34.95. let's see how it rides." Here he bought 10500 ce . kiran2k7 4 hours ago @yvatsji - the condition is of the upper green line is taken out in 15 min time frame then the price will move to the red dotted line 10,549. Looks like it just was taken out. Now can we enter long to target the red dotted line?" Here he is expecting a reward. The condition has been taken out or not I will discuss the nifty post. "kiran2k7 3 hours ago Sometimes I feel like, after I bought it, it drops down. It may be my psychology, also I feel that somebody trying to pull me down." Here he is depressed with the Volatility of price. " kiran2k7 3 hours ago @kiran2k7, It's easy to lose in the market. Right now, my position is still open with 975 Qty @34.95 - Now trading at 25.9 with a loss of 8k." Here repenting on his decision. "kiran2k7 an hour ago Exited my intraday position with a loss of 930/- after holding it for 3 Hrs. Looks like the price is moving around the Greenline. Good that I have not made a huge loss on this entry. The importance of this position is having the patience to hold the position until the end of the day to minimize the loss. I'm posting this to help others." Here Happy with small loss at one point 8k. If you all see and in a chronological manner. You will find He is unable to handle the options and still playing that instrument. Second, he read the chart and my instruction in an aggressive way and took his trade in an aggressive manner. Third, there is a concept to time your trade, he does not know. Fourth unable to put stop loss which is necessary for every trade. I write with every condition time your trade on a lower time frame where you will get your stop loss and entry point. But he is unable to understand. I know many traders are unable to understand but still, they trade. 4. See the case of the second follower who understood the market first by doing paper trades with perfectly following my instructions and result, you can feel the confidence and calmness in his trade is quoting for your consideration. He explained the trade logically but the first one did not. "akhil313 3 hours ago @yvatsji Sir, I took a trade after a long time(due to the range-bound market) since I saw a good movement from buyers today and they were also holding the ground. The pullbacks in 15 mnts were very weak, buyers candles were very strong, retraced fully with power, and got confidence when I saw a very strong buy candle in 1 mnt time frame which crossed the pink line. Then I checked whether there is a similar pullback by sellers, but there was none. So I took the trade with Entry - 21600 and SL- 21400 and TP - 21800, below the green line. And the trade worked perfectly and hit the TP. Thank you, sir, and god, bless for teaching us" You can see how he took his trade. The moral of comparison is that the stock market rewards those who show patience and aggression both in a balanced manner. If there is little imbalance in these two, you can not earn from the market. Both examples prove my point. Rest you people decide how you want to react in your trading. 5. Now come to today trade See price was consolidating In range for the last five days and both sides condition was in fig. You can see a lower solid pink line supported in precious days that you can see I marked in the previous posts too. And posting below your consideration. when In the morning First-hour candle took support here and reached green resistance. I took my entry consulting with lower time frames With the stop loss of second candle low and booked at upper green resistance. Today trade was clear and simple. No, if buts. Though you people will think when upper side condition is not met Though I took the long side trade. By simple logic of five-day consolidation with First hr buying by smart money. Since this type of circumstance came across first-time since I wrote my blogs so you are not aware of this. And without a practical example, I can not share how one can trade when conditions have not met both sides. Hope this concept is clear now. Next time if you face this sort of situation, You know how to handle it. Trade plan for next day, 1. Since the condition of taking out is fulfilled in a one-time frame 15 min so I will wait for 1 hr time frame to full fill this then I will be taking longs. For new readers Here is taken out condition:- "Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. " 2. I made a red arrow on the green line that line can change the structure of the long side to downside If taken out in Both time frames. Those who are positional long should square off long if taken out in 15 min time frame. 3. The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. The rest price will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:BANKNIFTY
by yvatsji
51
KAJARIA CERAMICS CHART PATTERN ANALYSISKajaria ceramics has formed two pattern which are very strong and bullish patterns in nature. The only difference is the time-frame It managed to form "Double Bottom" on daily chart(strong buy) It managed to form "Ascending Triangle Pattern" on weekly chart(positional long call) I am happy to see that the price has broken out of both these patterns in the same week Plus momentum indicators such as "RSI" and "MACD" have given confirmation and have gained strenth Stock is now bouncing constantly from its moving average We saw price break above 740 for the first time(on closing basis) since 14 month(0ct-16) on weekly chart WHAT DOES THIS INFORMATION TELLS US? "It tells us that the price is about to enter in a new uptrend because previously at these level "DEMAND WAS MET BY SUPPLY"(bears were in command from 744 levels) and now "(GREATER)DEMAND>SUPPLY" so we have eventually seen the stock breakout from 740(bulls are fighting hard) Now at this level bears will still fight and will try to set a trap but since the level is broken we will see short covering in the market which will pump up the market. TRADE VIEW SHORT TERM TRADERS.... BUY @750 STOP @735 TARGET @770-790(WILL TAKE TIME) LONG-TERM TRADERS BUY @750 STOP @700 TARGET @790-815-835(NEXT TWO TO THREE MONTHS) !!HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH OUT FOR BTST/STBT IDEAS @ 3:15!! !!EVERYDAY!! !!SOON GOING TO START 9:20 CALLS IN THE MORNING!! !!EDUCATIONAL IDEAS ONLY ON SAT/SUN!! FOR BUSINESS PURPOSE CONTACT MANAV KHANDELWAL bfm,CMT.level-2,Cfa level-1(candidate) TECHNICAL ANALYST FULL TIME TRADER manavtechresereach@gmail.com FOR PREMIUM CALLS For tech queries please mail me and questions will be answered by weekends....
NSE:KAJARIACER
by manavtechresearch