Setup
Textbook head and shoulder pattern formation in HDFCHDFC has completed forming a Head and Shoulder pattern with its LTP at breakout levels.
A buy can be initiated above 2455 with Rs.25-30 as stop loss and a huge profit can be expected.
INOX LEISURE LTD-- INTRADAY SETUP --01/04/2022INOX LEISURE LTD INTRADAY SETUP 15 MIN CHART as on 01/04/2022
1. stock seen trendline breakout on 15 min chart
2. MA, EMA bullish crossover seen at breakout level
3. RSI Seen bullish above 70 as stock uptrend 60-80 LEVEL is sustained trend
4. MACD above center and signal line
5 price oscillator above o line bullish
BUY INOX LEISURE LTD @ 529.80 ( intraday )
TARGET 535-540-545
stop loss 510
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk. !
HAPPY TRADING !
NIFTY - INTRADAY SETUP - 29/03/2022NIFTY INTRADAY SETUP AS ON 29/03/2022
1. on Daily CHART nifty form hammer candle which is bullish indication for nifty trend
2. on 15 min chart nifty given trendline breakout and close above trendline last closing session which is also bullish sign
3. nifty cloase at 17222 where nearest resistance found around 17230 Cross above the resistance next session and above 17250 nifty will go to 17350-17400 level can test and may try to break it.
4 if nifty fall to cross nearest resistance above 17250 then it find support near 17150 and bellow that nifty can test 17000 level .
5. price oscillator showing nifty above 0 line on 15 min chart also bullish indication .
^^ THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk . !
HAPPY TRADING !
**
BHARTI AIRTEL -- INTRADAY SETUP - 28/03/2022BHARTI AIRTEL INTRADAY PICK AS ON 28/03/2022
15 min chart bullish technical indications.
1. Trendline breakout seen at 15 min chart
2. Bullish RISING channel Formation seen on chart where support taken
3. bullish wave
4. MACD above center and signal line on daily chart
5. intraday buy level above last breakout candle 711
6. intraday support 705 is buy level if stock fall at that level
BUY BHARTI AIRTEL above 711
target 715-720-725
Stop loss 698
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk ..
HAPPY TRADING . !!
ALOK INDUSTRIES -- INTRADAY SETUP - 23/03/2022ALOK INDUSTRIES INTRADAY PICK as on 23/03/2022
BULLISH SIGNS ON DAILY CHART
>> Triangle pattern Breakout on daily chart
>> Channel breakout seen
>> Resistance breakout at 25 level
>> volume increase at breakout level
BUY ALOK INDUSTRIES above 25.60 intraday
TARGET 1 - 26
TARGET 2 - 27
stop loss 24.70
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk. !
HAPPY TRADING. !
Can this paper stock print ''REAL MONEY'': Plan West Coast PaperPoints to consider
- Paper sector is outperforming
- Stock has formed ''Inv Headandshoulder" pattern(Bullish)
- BO with good volume
Similar setups which can be compared for better understanding
Nifty(Target Achieved)
Usha Martin(Active)
Bank Nifty(Target Achieved)
Bank Nifty(Failed Setup)
Bank Nifty(Thrice Retest of neckline & target)
Maruti(Neckline broken holding the previous consolidation + Point of Control zone)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
PATTERN TO FALL IN LOVE WITH: GHCL PATTERN TO FALL IN LOVE WITH: GHCL
GHCL BO its long term resistance of 356 on 27 Jul 21 which was retested several time & formed intermediate DOUBLETOP in 470-490 zone....which proved to be a good supply zone for the stock...all the previous supply was absorbed in last 2 days
Pullbacks can be used to go long for higher target of 570-670
Some Live Bullish example of BO-RT
Live Bearish example of BO-RT
Tight Consolidation & BOOM
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Bank Nifty:Plan of Action & What FOLLOWED( +18.52% OR +7298 pts)We witnessed an awesome planned fall in Bank Nifty, hope you all enjoyed and made money with the idea.
Lets look at the Plan of Bank Nifty & Nifty
My Favourite Bank Nifty first
& Nifty
Lets dig deep into the structure & my thought process behind it
First thing First "KEEP IT SIMPLE BABY''
Model 1 (ABC(Elliott ABC)/Pole & Flag/ABCD Harmonic Pattern) what ever you call it, its the simplest of the pattern to recognise & trade
Elliott Wave (ZigZag)
- ZigZag is a 3 waves ''Corrective'' structure in bigger 5 wave "Impulse"
- Subdivision is 5-3-5
- Wave B can be any corrective structure ie zigzag-flat-triangle
Fibonacci Relationship between waves are
- Wave C = 61.8%, 100%, 127.2% or max 161.8%(need to be careful while labeling wave C as wave 3 is 161.8% of wave 1)
- Wave B = 50%, 61.8%, 78.6% or 86%
Pole & Flag
- Basically Flag is a pattern which forms after market has moved some distance
- Flag is a consolidation pattern used to participate in the previous move, that can be up or down
- Basic & Logic of the flag is as simple as, any consolidation which is in-between parallel channel
- Trade can be initiated on break of parallel channel
- Fibonacci relation for the flag can be specified in 2 reversal points(Profit Taking Zone)
1) 61.8% projection of first leg, which should end in the range of 'CENTER LINE REVERSAL'' of parallel channel
2) 100% projection of first leg, in this case, price reverse from bottom of the parallel channel
Harmonic Pattern( Bullish ABCD)
In Harmonic Pattern (Bullish ABCD) it is labelled as ABCD, instead of ABC of Elliott wave and all the harmonic patterns are derived form understanding ABCD structure,
Fibonacci Relationship of all legs
BC= 61.8%-78.6% of AB
CD=127.2%-161.8% of BC
CD=AB
CD=127.2%-161.8% of AB
Now lets come back to Bank Nifty Plan
As per the above study, we can easily identify Impulse and Corrections
Points were considered while planning
- the rally following 20 Dec 21:1300 hrs was not Impulsive in nature
- Price was struggling to rise above 61.8%-78.6% fib retracement resistance level & hovering in the range
- 12 Jan-02 Feb-10 Feb formed ''TRIPPLE TOP" with narrow range of 1.38%
- for the said pattern we witnessed a breakdown on 24 Feb 22 on opening candle
Now the some important points to consider from ''Elliott Wave Principles''
- Wave B structure
As per Elliott Wave, Wave B can be a ZigZag, Flat or triangle(TO KEEP IT SIMPLE - not to go in complex corrections)
Possibilities of Correction
Case 1(Zigzag)
Case 2(Flat)
Case 3(Triangle)
Now from the above two patterns we can eliminate which doesn't fits the pattern
Case 1(flag) eliminated
we are not left with case 2 & 3 or say Possibiltiy 2 & 3
As per possibility 2 (flat) we get
As per possibility 3 (Triangle) we get
Both of the labeling stated Bank Nifty & Nifty are heading lower
We will wind up this, you can keep sharing & liking the effort of the author so that I can come up with more in future
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
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Bumpy road ahead for Bulls: HDFC Bank Trade Plan HDFC Bank showing breakdown in price at horizontal price support, which confirmed the potential neckline break of Headandshoulder Pattern
Likely targets are marked on the chart which are projection of previous swing and measured move of the pattern
Bank Nifty plans
08 Feb 22
11 Feb 22
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Nifty Trade Plan with previous plan Followup: 25 Feb 22 onwardsFollowup chart
As per plan for Nifty, it is in smooth transition to the down side, further Nifty has formed ''Inv Cup&Handle''
Targets are the projection of previous swing & measured move
Coming days seems tough for the bulls,
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
ONGC -- INTRADAY SETUP -- 24/02/2022ONGC Intraday pick as on 24/02/2022 .
1>> 15 MIN CHART stock seen trading cmp 160.75 at strong support double bottom area of 160 LEVEL
2> Stock seen trendline breakout at this level.
3> RSI at oversold area 15 min chart moving upword above 30
4> RSI also seen double bottom at this level
5> volume seen Increase in stock last few session.
BUY ONGC @ 160.75
TARGET 165-166 Intraday
stop loss 157
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** please do own anlysis ** trade at own risk. !
HAPPY TRADING. !!
INOXLEISUR -- INTRADAY SETUP --18/02/2022INOXLEISURE intraday pick as on 18/02/2022
1> BULLISH W pattern formation on Hourly chart
2> Resistance breakout
3 > Rounded bottom form which is bullish indication.
4.> RSI close above 60 on hourly basis
BUY INOXLEISUR above 416
TARGET 422-425-428 ( intraday )
STOP LOSS 410
** BUY only above 416 ..GAP DOWN MORE THEN 100 points trade will not initiated .!
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk. !!
HAPPY TRADING. !!
IDFC - INTRADAY SETUP - 10/02/2022IDFC PICK INTRADAY as on 10/02/2022 ,, Bullish Triangle and trendline breakout seen on 15 min chart at closing session today.. RSI seen above 60 level and above WMA which is strong bullish signal .. MA ADX also turn green.
BUY IDFC intraday @ 65
TARGET 1 - 66
TARGET 2 - 67
STOP LOSS - 63.50
** THIS IDEA IS FOR EDUCATIONAL PURPOSE..please do own analysis..take call at own risk .!
HAPPY TRADING. !!
Awaiting Triangle Thrust in SRF.Getting started with today's real-time research, I'm going to talk little bit about triangle types and its position. If you are calling from my recent posts, I has written various type of Triangles: 1. Contracting triangle, Expanding triangle, and Barrier triangle . I'm going to be showing you a technique called a triangle thrust measurement technique and gonna be utilized to identify a high probability target. The Triangles are limited in where they can from by themself at wave 4, Wave X and Wave B and rarely wave 2.
Protective Stop, Critical Resistance and Failed Pattern:-
Only word of caution with respect to this pattern in this market at this time that prices have yet to get below extreme of wave "D". On an hourly closing basis being the case, that means we can actually see maybe another move to the upward OR a more time consuming wave "E" OR wave "E" itself can actually form into a triangle. Therefore, until the price actually get below the extreme of wave "D" on an hourly closing basis. You need to do is simply view this point right here in the extreme of wave "C" as are critical support level for this interpretation. Whenever the price close above critical support, it means simple I'm wrong . But, the price would come below extreme of wave "D" on a hourly basis that would provide very strongest evidence for this pattern is indeed to complete. And, then the price is going to see a thrust.
Thrust Measurement Technique:
At the origin of the move for ABCDE triangle or simply taking the widest portion of the triangle in measuring it. In this real-time instance, expecting trust measurement move is approximately at 2226 downside from the extreme of wave E.
Trade-Setup:
I'll divide the "Trade-Setup" into two portion, one for Aggressive Trader and other for Safe-Trader. The safe trader can take action after breaking down wave "D" on basis that means after revealing the evidence of thrust move. An aggressive trader can act at or nearby "Critical Support" in advance. Yes, absolutely traders can create their position at these both trade-setup.
Best of Luck.
SBI ABOUT TO BREAK RESISTANCE ZONE - CAN FLY AFTER BREAKOUTNSE:SBIN Has reached the breakout zone and now consolidating near breakout. It Can Fly from here if the Resistance is broken with good volume. You can add this for Swing Trade after Breakout, this is also Good for Investment Pick But i Advice you to add for Investment purpose on Dips currently it is on 52 High. If it wll face Pressure here and started downside momet then you can go short for 1st and @nd support Zone
ZEE LEARN - INTRADAY SETUP-- 28/01/2022ZEE LEARN ..intraday setup as on 28/01/2022 ..Cause of sign of trend reversal seen after stock corrected from 20 sub level to around 14.50-15.50 level ..currently at Fibonacci retrenchment 50% from low to high and last few session trend reversal sign seen. on 15 min chart stock trending now at higher high and higher low channel . volume also seen increase last 2-3 trading sessions. SMA 20,50 bullish crossover can seen on chart.
it will good to buy short term - mid term for 20-30% upside but currently on intraday tomorrow can give good profit from current cmp 15.55
BUY ZEE LEARN @ 15.55
Target 1 - 16.00
Target 2- 16.50
stop loss 14.80
** THIS IDEA is for Educational purpose ..do own Analysis and take call at own risk .!!
HAPPY TRADING !!