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BPCL-A Review for 8th Jan'23 ideaInverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy on CMP 355-54 zone , keeping SL of 320 look for the target of 415-430 zone.
NSE:BPCLLong
by TradingSutra
2
Bank Nifty Gann Predictions/Levels for Tomorrow.Hey guys we're looking at the bank nifty hourly chart and welcome back! Let's see what the range and trading levels are for Monday the 18th as you can see I'm taking the sixth April high here as my first resistance level My fifth April high at as the second resistance and the red lines emanating from these respective resistances are your gone angle resistance lines all right and similarly I'm taking the 31st march support as s1 around 300. 36,300 is our support And the white lines are you gone support lines emanating from s1 going up okay for convenience sake and for to help you guys remember these key levels I have labeled them okay so you won't miss anything you won't have to remember what I said so let's dive right into it bank nifty closed Just above its support level of 380. the intersection right here of the r2 resistance and the s1 resistance is your support we have not tested it last week and we've yet to do that okay so that is our immediate support at 380. if that breaks which is expected as a bank nifty is expected to gap down in the morning so our second support is at 37 160 and if we Open below that our support here is at 36 920 so we would have essentially opened below 37 000 and would test 36 920 at the outset okay now on the way up let's have a look at our resistance levels the first one is right at 500 okay Very very close to where we closed the next one is the intersection here of r1 and s1 at 610 okay and if if bank nifty trades above that we are looking at a solid resistance here at nine hundred thirty seven thousand nine hundred as you can tell how my cursor has been placed at nine Hundred that has been the resistance for the last entire week from the 6th of April till the 13th okay more than a week so 900 is not expected to break that would take something major for bank nifty to go above 37 900 on Monday Okay so most likely we'll stay below and I hope bank nifty can stay above support 36 920 okay however in the event 36 920 is broken all right that is a definite short right there no question about it then we are going all the way down to s1 300 okay guys so that's a 620 point drop right there Which you could make money off on the short side all right so keep this in mind 36 920 all right if this is not broken then we're probably looking at a sideways kind of market between 36 900 to 36 400 in case 36 920 holes we expect the market to go all the Way back up towards the 36 three on a 380. so again guys that's a nearly 500 point move which you could capitalize all right but that depends on if 36 37 160 which presently is support below if we are trading below that that would become resistance okay so You have been warned about all the levels I'm expecting a range let's quickly talk about the range for Monday we're looking at a range of from 640 right here on this red line red resistance lines from r2 and a low of 36 920 right so We have about a 700 point range that bank nifty could trade in on Monday and if 920 is broken you know what to do we're going to 300 as well I hope this was helpful I hope these support and resistance labels were convenient for you I'll try to incorporate them in as many videos as possible as and when I get the time so guys good luck and Happy trading I hope your trades are profitable if you have any questions put them down in the comments section and I will get back to you okay take care see you in the next video
NSE:BANKNIFTYShort
by MonsterOptions
** NIFTY ANALYSIS FOR TOMORROW 23.04.2021 **BE FEARFUL WHEN OTHERS ARE GREEDY AND GREEDY WHEN OTHERS ARE FEARFUL. Nifty Outlook – Positive on 5 min Time Frame Market’s Next Key Levels – Resistance: R1: 14464 R2:14528 R3 14631 Support: S1: 14393 S2:14288 S3 14233 Points to Look Out – 1. Bond Market. 2. Global Market. 3. INFLATION & Rising Covid Cases. 4. Trade keeping in mind the Price action With Levels. If want to know my Trading Approach for tomorrow. Please stay connected with me. Jai Hind. Disclaimer: This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NSE:NIFTYLong
by Shruti_Advisory
** NIFTY WEEKLY VIEW **If you cannot make money while you are sleeping then probably you have to work for the whole Life Nifty April Future Outlook – Bullish on 45 min Time Frame Market’s Next Key Levels – Resistance: R1: 15932 R2:15051 R3 15336 Support: S1: 14670 S2:14516 S3 14264 Points to Look Out – 1. Bond Market. 2. Global Market. 3. Commodity Market. After 3 days closing market is opening tomorrow there will be a Huge Theta Decline. Be aware of it. 4. Trade keeping in mind the Price action With Levels. My Opinion: Market is bullish for next couple of trading sessions. If you trade future its o.k. If you trade options be aware of theta, gamma, vega and delta Jai Hind. Disclaimer: This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NSE:NIFTYLong
by Shruti_Advisory
2
*** Save Your Capital ***Save your capital for tomorrow for other days to Trade as there is a new circular from NSE Market Outlook - Bullish Market for tomorrow - Flat Expected with a Gap Up. Selling might come at Resistance Level. Be careful of the Levels I provide. Points to Look Out - 1. Donot tade withing first one hour. 2. Wait be patient and Look out the Support and Resistance. 3. Risk Reward ratio Must be 1:2 After a 3 days closing market is openning tomorrow there will be a Huge Theta Decline. Be aware of it. 4. Do not make your trade a hope trade. Jai Hind. Disclaimer : This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NSE:NIFTYLong
by Shruti_Advisory
Auropharma - Elliottwaves - Will It Repeat The Fall of 2016!!!Auropharma Profile Page at in.tradingview.com Note - Use Signature Field to put 3rd party links / website details / social media details which comes as a part of “Premium subscription” (Promoting 3rd Party Links apart from premium version –do check with the moderators as it could violate house rule ) Reach Moderators in.tradingview.com Pricing Details for TradingView Subscriptions at in.tradingview.com Trading Strategy Long Term Strategy Plan A Expect Explosive Move Upside -------Only Above 895-Double Top & Targets – 1200/1350/1600/1750 in next few years ahead Plan B Holding Below 895 –Double Top –Expect Downside Move & Targets – 697/700 620/630 500/525 Going Below 500 – We shall review later & we don’t deny downside targets of 450/350/250 years ahead. Previous Ideas 22nd Aug 2016 20th Oct 2016 13th May 2017 8th Nov 2017 1st June 2018 5th Dec 2018 Thanks for watching this video & Your Support ----------- “Don’t forget to support and share”.
NSE:AUROPHARMAShort
by WaveTalks
20
Nifty - The Power of M - Magical@11550Review of last Idea Plan A – achieved 80-90 points as discussed in the trading strategy of last video idea. --------------------------------------------------------------------------------------------------------------------------------------------- Power of M can be experienced in various forms. One of such form was visible in current structure in 11550-11570 zone as Bullish Bat Pattern Bullish Alternate Bat Pattern You can learn more about such patterns in Harmonic Trading Book Volume 1 & 2 by Scott Carney(Author). Trading Strategy Holding 11550-11570 as updated in status – it pushed in line & closed at 11600 mark. We look out for following targets 11675 11710 11760 11825-11850 Traders can plan to sell at the highs of 11675 / 11710 / 11760 but surely avoid selling if index moves above these levels as bulls could control the move. Hoping for new all time highs with 11550-11570 holding as support downside. Thanks for watching this video & your precious time.
NSE:NIFTYLong
by WaveTalks