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SBI Monthly- Strong Downtrend ahead.Once the target of ~ Rs 340 in this November month reaches, expect a downside trend with a sideway range trade(Rs 250 to Rs 315)and further if the momentum continues, maximum fall around Rs 212.
Upcoming trend reversal gets confirmed by confluence of MacD+RSI+Stochastic oscillators.
On chart look at sellers queue at Red Trend Lines and buyers queue at Green Trend Lines . The middle White trend line(Rs 280) is going to the pivot point.
Happy Investing!
MAYURUNIQ: Observation for Investment.Candle Pattern: Harami Cross Bullish.
Volume: More than 3X 20d avgerage.
Observed Divergence in some of the technical indicators & oscillators. ( RSI , MFI, OBV, W%R etc.)
Potentially Strong Above @ 418 - @ 420Treat as Swing Trade Hurdle level.
Once closed above @ 420 with Volume Strong UP move.
Witnessing Strong Volume in Last trading session.
Regular Dividend Paying Company.
...... levels for trade mentioned on chart.
Education purpose only.
DPL: Long Entry Observation Candle Pattern: Inverted Hammer in Last three consecutive days. (Technically Treat as Bullish Reversal)
Observed Divergence in some of the technical indicators & oscillators. (RSI, CCI, W%R etc.)
Hurdle levels @ 116 - @ 118. Once closed above @ 118 with Volume Strong UP move.
Witnessing Strong Volume in Last trading session.
Good Dividend Paying Company. Last Div Rs'. 3.50 on 02 Aig 2018. (More than Interest of SB A/C in PSU's)
...... levels mentioned on chart.
Education purpose only.
TAJGVK: Observation for LONG.Matching LOW Bullish.
Observed Divergence in some of the technical indicators & oscillators.
Probable to form Rounding Bottom in coming days.
...... levels mentioned on chart.
Education purpose only.
NIFTY: What's NEXT? Spot & FUT important Level Weekly BasisSome Fact:
#1. Candle Pattern: Spinning Top on the daily chart => Means that Bulls are not loosening their ground but Bears are putting pressure at higher levels.
#2. Negative Advance-Decline Ratio for the third session in a row accompanied with sell signal on twin momentum oscillators. and the fact that market registered a positive close for 7th day in a row can be a cause for concern and may be pointing towards a Correction or Temporary Ppause of the ongoing upmove,
#3. India VIX fell down by 2.88 percent at 14.14. VIX has to Cool down to extend its Positive momentum.
#4. OPTION Data: Maximum Put OI is placed at 10300 followed by 10200 strikes On the other hand Maximum Call OI is placed at 10500 followed by 10700 strikes.
#5. Tag of War: Significant Put writing at 10500 and 10400 strikes => Shifting its SUPPORT to Higher Side while intact Call writing at 10500 strikes is Restricting its UPside Momentum.
Levels plotted on chart.
Analyze my early post "NIFTY: Some Fact & View ........", what i am saying.
Trade as per Specified level with description.
FUTURE Trader Should take position with Hedge strategy.
Disclosure: Information shared here can be my view or real trades.
As i am not SEBI regd. analyst, Take this information as study/education purpose only.
If Useful Like & Share
For taking trade decision Consult with financial Advisor.
N.B: View may Changed or Reversed if Major NEWS came before Monday Market Opening.
VEDL - BUY - GOOD TO INVESTRef chart.
Bounce back from its 200DMA with good volume. Positive sign from the oscillators. There is a potential for another good rally from this counter. watch this space.
CESC: Lightening Ahead - Result Series.CESC : Lightening Ahead - Result Series .
Reason for LONG:
#1. TENKAN SEN (@ 884.95) & KIJUN SEN (@ 881.15) Bullish Cross OVER
#2. HIGH & CLOSE Above KUMO Cloud
#3. Crossed GANN Arch 3 X 1
#4. Crossed GANN Line 4 X 1 with Volume.
#5. Closed Above FIB Retracement 50% (Recent H-L ).
SUPPORTIVE BREAKOUT ALSO FROM TECHNICAL INDICATORS & OSCILLATORS.
Go LONG: +0.50 to -0.5% of CLOSE.
Best LONG: @ 897 to @ 900
STRONG Bounce Zone @ 889 too @ 884
For Intraday / Swing TARGET: @ 911.60, @ 913.5, @ 916.70 - @ 919 (HZ), @ 925+
More TARGET Levels on Chart .
SL: Below @ 875 (By Closing)
More Updates Later.
FnO Strategy : On QUERY .
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
TECHNICAL TRADING CLASS 1Technical traders use unusual options activity as a signal to identify potential trading opportunities. They analyze the options data to determine whether there is a significant change in demand for a particular underlying asset and whether this is likely to result in a price movement.
The Relative Strength Index (RSI)
Moving Average Convergence Divergence (MACD) Indicator.
The Stochastic Oscillator.
Fibonacci Retracement.
Parabolic SAR.
Screener Plus.
Thinkorswim.
Slope of Hope.
Useful Indicators for Future TradingIn futures trading, choosing the correct indicators can mean the difference between making a profit or a loss.
Indicators are very important as they assist traders in monitoring market conditions and forecasting future price movements.
In this article, we will cover the most useful indicators that are used while trading in the futures market.
What is Futures Trading?
Futures are financial derivatives that obligate parties to buy or sell an underlying asset at a predetermined price and date in the future.
Regardless of the market price at the contract’s expiration, the buyer or seller must transact at the agreed-upon price.
These contracts can involve physical commodities or various financial instruments. Futures contracts are standardized, specifying the asset’s quantity and making trading more straightforward.
They can be utilized for both speculative trading and hedging.
Unlike forward contracts, which are customized and traded over-the-counter (OTC), futures contracts are standardized and have uniform terms for all participants.
This ensures consistency in futures trading, regardless of the counterparties involved.
Best Indicators for Future Trading
Future trading can be enhanced simply by using the correct indicators as part of the trading strategy. In futures trading, here are some of the helpful indicators:
1. Moving Averages (MA)
Moving averages (MA) is an indicator used to filter price data and determine trends by computing average prices over a period.
The simple moving average (SMA) is defined as the average value that takes up certain fixed periods yielding a smooth trendline.
The moving average of the same value where current prices are taken into account primarily compared to historical prices is known as the Exponential moving average (EMA).
These two types also assist in determining the possible points of entry or exit when the average line is crossed by the price.
2. Relative Strength Index (RSI)
RSI is a momentum oscillator that gauges the speed and change of price movements in a market. It ranges from 0 to 100, typically with 70 indicating an overbought condition and 30 signaling an oversold state.
An RSI above 70 suggests that a security may be overvalued and could experience a price pullback, while an RSI below 30 points to a potential undervaluation, signaling a possible price increase.
Traders use RSI to identify potential buy or sell opportunities based on these extreme values, helping to forecast possible trend reversals for futures contracts.
3. MACD (Moving Average Convergence Divergence)
This trend-following momentum indicator illustrates the relationship between two moving averages of a security's price.
The MACD (Moving Average Convergence Divergence) consists of the MACD line, which is the difference between the 12-day and 26-day EMAs, and the signal line, which is the 9-day EMA of the MACD line.
When the MACD line crosses above the signal line, it suggests a potential buy signal, indicating upward momentum.
Conversely, when it crosses below, it may signal a sell opportunity, indicating downward momentum. This indicator assists futures traders in spotting potential trend reversals and uncovering trading opportunities.
4. Bollinger Bands
These consist of a middle band (SMA) and two outer bands that are standard deviations away from the middle band. Prices touching the outer bands may signal overbought or oversold conditions.
The bands expand and contract based on market volatility: wider bands indicate higher volatility, while narrower bands suggest lower volatility.
When prices move outside the bands, it may indicate an upcoming reversal or continuation of the trend.
Traders use Bollinger Bands to identify potential buy or sell opportunities for futures contracts, especially when prices revert to the middle band after touching the outer bands.
5. Fibonacci Retracement
Fibonacci Retracement is a tool that helps identify possible support and resistance levels by applying the Fibonacci sequence.
Traders plot horizontal lines at key Fibonacci levels—23.6%, 38.2%, 50%, 61.8%, and 78.6%—which are derived from the sequence.
These levels are considered crucial as they represent potential reversal points where the price might bounce or reverse direction.
By analyzing how prices react around these levels, traders can make informed predictions about future price movements and adjust their strategies accordingly.
Fibonacci retracement helps in setting target prices and stop-loss levels, enhancing trading decisions.
6. Stochastic Oscillator
The Stochastic Oscillator is a momentum indicator that compares a security's closing price to its price range over a specific period, typically 14 days.
It generates values between 0 and 100, indicating overbought or oversold conditions.
When the Stochastic Oscillator is above 80, it suggests that the security may be overbought, signaling a potential sell opportunity.
On the other hand, values below 20 indicate that the security may be oversold, which could present a buying opportunity.
The indicator helps traders identify potential reversal points by comparing current prices to historical price ranges, making it useful for spotting trends and market momentum while trading in futures.
Conclusion
Using the right tools in future trading can greatly enhance your decision-making and overall success.
Combining different indicators allows you to analyze trends, spot opportunities, and manage risks more effectively. Keep refining your approach and stay adaptable to market changes to achieve the best outcomes.
Some bounce expected.Clear divergence between price and oscillator.
This is four hourly chart.
stochiastic is in overslod condition.
It is not essential that divergence only confirms buying immediately.
The on going wave is C wave..which should consists on five waves,
In daily time frame it is not visible.
we will check hourly chart later.22137 is important level.
As long it holds that bouncing to 22349,and there after 22427 is possible.
how ever if it is unable to sustain above 22137 next down side level 22011 will be opened up.
if this post helps you like this post .follow me to get updates.
A complete turn aroundFib Analysis- every pull back is supported at 50 to 38.2% . Its an indication of strength.
RSI- look at the history it was oscillating between 30-65 which is the bear range of the oscillator. Now the oscillation has changed. It is taking higher support is yet another indication of strength.
Volume- the tower on the 3day chart is an indication of retail entering in large numbers. The stock generally gives a significant whenever retail enters in large number. Now the volume has come down significantly and
hence the stage is set.
BALAJI AMINES LONG-TERM INVESTMENT OPPORTUNITYBALAJI AMINES LONG-TERM INVESTMENT OPPORTUNITY
Hello traders!
Key points: Weekly chart study
🎯The Falling Wedge pattern is complete, and the share price is ready to move up.
🎯It appears that a double bottom has formed, the stock has made a lower low, and now the price is ready to move higher.
🎯The price seems to be getting support on the weekly chart.
🎯A bullish crossover has formed on the MACD oscillator.
🎯Volume remains bullish, indicating the share price is ready to move up.
Major Level:
Support Price Level: 2002.25
Resistance Price Level: 2797.70
Entrance Area:
The optimal entry offers the greatest reward-to-risk ratio, while the optimal entry is an area for reversal signals.
Optimum Entry Nearby, - 2002
Stop loss: the weekly candle closes below 2002.25.
Target Price 1st: - 2546.95
Target Price 2nd: - 3844
Risk:
As traders, it is your job to minimize risk and only choose trade structures that offer high probability and a great reward-to-risk ratio.
If uncomfortable with defined exit levels, experiment with support levels to help set solid exit rules to protect your capital.
If the weekly candle closes below the price level of 2002, this suggests that the structure is not in our favor, and it would be wise to reduce risk or close the trade until a solid signal gives us a reason to re-enter.
BTCUSD | D TF | ANALYSIS elliott wave.Time for a retracement? in this snapshot, btc completed 5th impulsive wave now its time for corrective wave. am expecting 25k.
Elliott Wave Theory: What It Is and How to Use It
What Is the Elliott Wave Theory?
The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes recurring fractal wave patterns identified in stock price movements and consumer behaviour. Investors who profit from a market trend are described as riding a wave.
How Elliott Waves Work,
Some technical analysts profit from wave patterns in the stock market using the Elliott Wave Theory. The theory assumes that stock price movements can be predicted because they move in repeating up-and-down patterns called waves created by investor psychology or sentiment.
The theory is subjective and identifies two different types of waves: motive or impulse waves, and corrective waves. Wave analysis does not equate to a template to follow instructions. Wave analysis offers insights into trend dynamics and helps investors understand price movements.
Impulse and corrective waves are nested in a self-similar fractal to create larger patterns. For example, a one-year chart may be in the midst of a corrective wave, but a 30-day chart may show a developing impulse wave. A trader with this Elliott wave interpretation may have a long-term bearish outlook with a short-term bullish view.
Impulse Waves
Impulse waves consist of five sub-waves that make net movement in the same direction as the trend of the next-largest degree. This pattern is the most common motive wave and the easiest to spot in a market. It consists of five sub-waves, three of which are motive waves. Two are corrective waves.
Elliott Wave Theory
Image by Julie Bang © Investopedia 2020
Labelled as a 5-3-5-3-5 structure:
Wave 2 cannot retrace more than 100% of the first wave
The third wave can never be the shortest of waves 1, 3, and 5
Wave 4 can't go beyond the third wave at any time
If one rule is violated, the structure is not an impulse wave. The trader would need to re-label the suspected impulse wave.
Corrective Waves
Corrective waves, called diagonal waves, consist of three, or a combination of three sub-waves that make net movement in the direction opposite to the trend of the next-largest degree. Its goal is to move the market in the direction of the trend.
The corrective wave consists of 5 sub-waves.
The diagonal looks like either an expanding or contracting wedge.
The sub-waves of the diagonal may not have a count of five, depending on what type of diagonal is being observed.
Each sub-wave of the diagonal never fully retraces the previous sub-wave, and sub-wave 3 of the diagonal may not be the shortest wave.
Elliot Wave Theory vs. Other Indicators
Elliott recognized that the Fibonacci sequence denotes the number of waves in impulses and corrections. Wave relationships in price and time also commonly exhibit Fibonacci ratios, such as 38% and 62%. For example, a corrective wave may have a retrace of 38% of the preceding impulse.
1
Elliott Wave Oscillator Chart
Elliott Wave Oscillator Chart.
Other analysts have developed indicators inspired by the Elliott Wave principle, including the Elliott Wave Oscillator Chart. The oscillator provides a computerized method of predicting future price direction based on the difference between a five-period and a 34-period moving average. Elliott Wave International’s artificial intelligence system, EWAVES, applies all Elliott wave rules and guidelines to data to generate automated Elliott wave analysis.
2
What Is the Elliott Wave Theory?
In technical analysis, the Elliott Wave theory looks at long-term trends in price patterns and how they correspond with investor psychology. These price patterns or ‘waves’ depend on rules developed by Ralph Nelson Elliott in the 1930s. They identify and predict wave patterns within stock markets and help predict future movement.
1
How Do Elliott Waves Work?
There are different waves, or price formations, from which investors can glean insight. Impulse waves include an upward or downward trend that carries five sub-waves that may last hours or even decades. They possess three rules: the second wave cannot retrace more than 100% of the first wave; the third wave can never be the shortest of waves one, three, and five; wave four cannot ever surpass the third wave. There are also corrective waves, which fall in patterns of three.
How Do You Trade Using Elliott Wave Theory?
If a trader sees a stock moving on an upward trend on an impulse wave, they may go long on the stock until it completes its fifth wave. Anticipating a reversal, the trader may then go short on the stock. Underlying this trading theory is the idea that fractal patterns recur in financial markets. In mathematics, fractal patterns repeat themselves on an infinite scale.
The Bottom Line
The Elliott Wave Theory was developed by Ralph Nelson Elliott. It provides a technical analysis of price patterns related to changes in investor sentiment and psychology. The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend. It assumes that stock price movements can be predicted because they move in repeating up-and-down patterns.
Correction—May 5, 2023: This article has been amended to state that the third impulse wave can never be the shortest of waves one, three, and five.
Is the pull back over?It will be premature to say
if pull back is over.
But the 38.6 percent retracement is already done.
and in hourly time frame there is divergence between
price and oscillator.
if it is indeed a bull market bank nifty should bounce
with in one or two days.Here third wave is extended one
and terminated at 45345.
we will check in lower time frame what is happening in the update.
.
.
Ride the Wave: KPITTECH- Breakout Signals Profitable OpportunityKPITTECH, has recently caught the attention of traders with its impressive momentum. stock experienced a breakout from the bullish trendline, marking a significant turning point. Currently, the stock is testing its breakout at trendline which was supply line before breakout, which has now transformed into a demand line.
📊 Key Analysis Points 📊
When examining the daily timeframe, it's clear that the stock is holding above its breakout level with minimal volume, confirming the bullish outlook at retest of breakout.
Zooming in to the 75-minute timeframe, we observe a bullish RSI divergence, providing additional confirmation for a buy entry at the retest of the trendline breakout.
Moreover, analysing the volume on the 75-minute timeframe, we notice that the majority of bullish candles exhibit higher volume, surpassing the 50-day moving average of volume. This indicates a significant buying interest and reinforces the bullish setup.
Based on this analysis, we can plan our buy trade if the price surpasses today's high at 1067. Once the breakout is confirmed, we can enter the trade at 1069. To manage risk, it is recommended to place the stop loss below the previous swing low, around 1044, it's prudent to keep a buffer and set the stop loss at 1041. it's crucial to trail stop losses to secure profits as the trade progresses.
🔍 Educational Insights 🔍
Before concluding this analysis, let's clarify some technical terms used:
1. Breakout : This refers to a price movement that surpasses a key resistance level or trendline, indicating a potential shift in market sentiment and often leading to further price appreciation.
2. Volume : It represents the number of shares or contracts traded during a given time period. Analysing volume can provide insights into the strength or weakness of price movements.
Curious about volume? Check out my educational article on volume analysis that made it to TradingView's prestigious Editor's Pick:
3. RSI (Relative Strength Index) Divergence : RSI is a popular momentum oscillator. Divergence occurs when the price and RSI indicator move in opposite directions, indicating a potential trend reversal.
curious about RSI Divergence? Learn more in my educational article on Divergence, chosen for TradingView's Editor's Pick:
Remember, this analysis is for educational purposes only and does not serve as financial advice. As a reminder, I am not a SEBI registered analyst.
If you found this analysis helpful, please like and share your observations in the comments section below. Your feedback keeps me motivated to consistently provide valuable content. Don't forget to follow me on TradingView for more articles and trade setups. Let's connect and grow together! 😊📈
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"The only way to do great work is to love what you do."
Expected rally in progress.Let us see when it breaks the upper trendline.
I think the out come of MPC meeting of Rbi will have major
role in establishing the direction of bank nifty.
How ever any dip should be bought in to.
I am quite upbeat about the sustanability of this rally.
Look at the stochiastic in over sold condition.
And divergencee between price and oscillator.
Do connect with me by liking my post and following me.
Plase go through my continuous follow up of bank nifty.
Trading StrategyI have been noticing Relaxo Footwear for 4 months and put up an indication that the price seems to fluctuate been 923 to 1200 rs. I have come up with Hull Suite and volume oscillator. Where the trends show up bull. Seems you can make the trade keeping in mind the stop loss to 930. Whereas, Price might shoot Up to 1100.
*Take your own risk*
TITAN - PBO divergenceprice is currently in bearish trend and pema (13,34,55) is stacked and sloped very smoothly.
price is taking support at a confluence of Yearly L4, monthly L3, Monthly S1 and is also forming a divergence with PB oscillator.
also, the price despite opening below Previous month low has successfully closed above Previous month low.
the region from 1885 to 1890 would serve a great entry point with target set at PEMA mean, monthly H3 and H4 eventually (less likely) and stoploss slightly below yearly L4
DO NOTE THAT WE ARE TRADING AGAINST THE TREND WHERE IN THE RESPONSIVE PARTICIPANTS WOULD KICK IN TO PUSH THE PRICE LOWER.
AMBUJA CEMENT - POTENTIAL BREAKOUTprice has formed a tight consolidation
PEMA has squeezed (13,34,55) and also PB oscillator. the monthly cpr width is narrow.
price has showed a bullish strength at the start of the month.
there are a confluence of resistances just above the bearish trendline
sustaining above money zone high and previous month high could give a good upmove for the month.
stoploss slightly below monthly cpr.
BANK NIFTY can you handle it ?It is NR7 day for itit has not yet decided to which direction it should move.
clearly divergence found in between price and oscillator.
so it should come down.
Hold on .you must have been taught about divergence .
But when an instrument stays there for 4 to 5 bars in over bought condition.
on slight decline it bounces back.
.Bank nifty going to give decisive move before expiry.
probable direction I have mentioned in the chart.
don't forget to like this post and follow me to get updates.
all my analysis are hitting the targets.
Not to mention one many.
NIFTY divergence between price and oscillator.long nifty next target 20 dma which is around 17465.
stop loss should be recent low.
Reliance appears to be heading towards all time high.
it is NR4 day for nifty.
I don't see further down side.
we have got around 50 percent of pull back of recent rally.
Don't forget to like this post.
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BANK NIFTY could not sustain at high level.Bank nifty has retraced 61.8 percent of its decline. now in over bough condition. Intermediate line of pitchfork offering resistance. and divergence is there between price and oscillator.
today it failed to sustain above 38550
stochastic is over bought condition but it does not mean it should decline as it has been in over bought condition for the last more than 5 days
but here buying appears to be risky after this rally we should wait for bank nifty to sustain above 38550 or take out this resistance line.
it has now resistance around 38370 Under these condition it is susceptible to selling for any slight adverse international or national news.
please go through my previous published chart of bank nifty and nifty.
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