Price has liquidated orders below the low,i.e., stophunted early buyers and proceeded to take out some sellers' stoplosses.
Price then retested the demand zone, an opportunity I missed. Will be looking to long at the demand zone formed.
Preferably would like to see lower timeframe shift of structure.
Levels on chart. Not financial advice.
P.S.: BOS= break of structure
based off of 30m chart, an untapped demand zone has been marked. Right above it are two equal lows which may be perceived as support. This faux-support is likely to be swept through to take out the early and impatient buyers.
It is preferred that the approach to the zone is not impulsive with a shift of structure from bearish to bullish being clear.
Entry may be a...
Chart is only for illustration purpose
My time study shows that if market conditions do not improve then Nifty can fall near its 5 year moving average which is near 13000 levels and for that Nifty will first have to travel the levels mentioned on the chart.
If the market reverses from any of the levels then a new rally is not expected at least till Sep 2022...
Nifty | Range perspective:
- The price has been moving in this range for the last 2 weeks.
- The range is 650 points wide. Using the measurement objective provides us with a target of 650 points in either direction.
- This means that, whenever the price moves out of this range, we can expect 17k or 15k.
- I'd be looking to trade either direction with a strict...
With the stock having broken out into ATH territory the stock has complete a retest as well.
50% long at current price with a stoploss below 450. Add further 50% above 480 and Shift SL to 465. If the stock doesn't break into fresh highs it might make sense to add around 430 levels.
16400 level acting as support as of now if it sustains this level one more time pull back on the upside we can expect, if not then the trend can be possibilities to shift downside.
BANKNIFTY Intraday Trade Setup For 30 May 2022
Buy-Above 35700
Sl-35600
T-35950 36050
Sell-Below 35490
Sl-35600
T-35400 35200
BANKNIFTY closed at day high on Friday. Last week we saw a range shift above 34800. It has given 900 points straight rally after breaking 34800. Weekly target lies near 36700.Pullbacks are expected in between. So, we can a expect a...
Reason for long
a) w pattern formation and breakout with bamm effect
b) 17000 pe short (at 40 to 50 premium) with 16500 pe as hedge.. bull put spread.
c) any break of 17500 need to shift put short leg to 17300 on monday.
d) Any break down on monday... to 17000 ... need to convert into iron fly at 17000
Mostly long...SL compulsory
Nitin Spinners Ltd, promoted by the Nolkha family of Bhilwara, is one of the leading manufacturers of cotton yarn, knitted fabrics, greige and finished woven fabrics and a Government of India-recognized export house. Established in 1992, NSL started operations with open end spinning with 384 rotors. Currently, the company has an integrated textile complex with...
The U.S. just announced the monthly rate of retail sales in April, recording 0.9%
It hit a new high since January this year, in line with expectations;
The previous value was revised up from 0.5% to 0.7%
After the data was released, the market fluctuated little in the short-term
Consumers will shift from goods to services such as travel and entertainment
Demand...
1. Broke both daily trendline(blue trendiness) for shift in momentum
2. Able to place a fib on the Daily
3. Waiting for entry in the black zone (deeper retracement) which is from 78.6 - 88.6
4. Look for rejection above the candle for best confirmation
BANKNIFTY Intraday Trade Setup For 17 May 2022
Buy-Above 33830
Sl-33700
T-34000 34200 34400
Sell-Below 33340
Sl-33450
T-33100 33000 32600
BANKNIFTY has given a sharp bounce from our support level- 33000. It shot up from 33000 to 33800. Made a bullish candle in 15 Min above its high it gave a good move. It has made a 400 points range on Monday's trading session,...
Fundamental Descriptions: Gold Price has regained some strength as responsive buying kicks in after the precious metal tumbled to near $1,866.15 in the Asian session. Gold is likely to trade lackluster in the European shift as investors are on the sidelines ahead of the release of the NFP. The Fed on Wednesday hiked its interest rate to 1%, and the Bank of England...
BANKNIFTY Intraday Trade Setup For 2 May 2022
Sell_1- Below 35970
Sl-36100
T-35800 35600
Sell_2- From 36550
Sl-36650
T-36400 36200
BANKNIFTY has formed a bearish engulfing candle in daily TF. 200 EMA is flat in daily TF, sideways trend. Important level for a range shift is 35500 in the lower side and 37000 in upper side.
Coming to Monday's trade setup, we will...
NIFTY Intraday Trade Setup For 2 May 2022
Sell_1- Below 17050
Sl-17120
T-16950 16850
Sell_2- From 17300
Sl-17350
T-17200 17100
NIFTY has formed a bearish engulfing candle in daily TF. Nifty is trading between 50 EMA and 200 EMA in daily TF. Between 17450 and 16800. This range shift will give direction move either side. Above 17450 target will be 18000 and below...
I have already once shared a bearish sentiment on HUL but last week it went up..
But the 200EMA could act like a major resistance for now considering raw material prices are up.
Short at current price with stoploss above 2290. Can even double down the short below 2110 (then shift stoploss to 2210.
There would be a breakdown below 2110.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
Good Morning,
Yesterday we observed a very volatile momentum in the Market, where we could also see a positive attempt taken by Nifty to cross over the level of 17300. However, unfortunately, despite the attempt it somehow failed to sustain above the level of 17300.
Well for today, we are expecting to witness a sharp rise in the Market, which will somehow once...
