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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
SYNGENE: TRIANGULAR WAVETRADING STRATEGY: BUY WITH SL OF 600 AND LOOK FOR THE TARGET OF 720/780/845 . Minimum 12% return from cmp in coming weeks. THEORY: Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-e to get the target of this pattern. However, the measured length can be projected from the breakout level also to get the classical chart pattern (symmetrical triangle) measured target.
NSE:SYNGENELong
by TradingSutra
TATA CONSUMER : CUP & HANDLE BreakoutTrading Strategy : Stock has given a breakout of the formation of cup and handle. One should buy the stock near the current level i.e. 790 and keeping a stop loss of 750 , look for the target of 825 which is immediate target, later on can see the targets of 850 and 900. Buy: 790 Stop loss : 750 Targets: Tgt 1: 825 Tgt 2: 850 Tgt 3: 900 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:TATACONSUMLong
by TradingSutra
4
HDFC: Inverse H&S BreakoutInverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. 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 near 2450 zone with SL of 2230 and look for the target of 2650/2800-2850 zone.
HLong
by TradingSutra
3
SHARP V RECOVERY IN HINDALCO !!!NSE:HINDALCO What will happen next ??? Hint:- { Today it faced again resistance @ its all time high.. it's a buzzing stock in market too... it's Almost making double top... } Choose any one options from below A) will it be able to shoot up again ?? B) will it fall from double top ?? Comment down your answers with justification ,Let's see who will be good @ prediction....! Follow me , for more IMPORTANT CHART pattern discussions...! @VK2413 Happy Trading buddies...Like❤️ the chart if you loved the concepts..
NSE:HINDALCO
by VK2413
Live Challenging Stock Market Analysis INDNIPPON Buy @ 448.95Market Analysis Live Challenging Stock Market Analysis INDNIPPON Buy @ 448.95 Target1 @ 448.95 Target2 @ 595.25 #sharemarket #INDNIPPON #Nse #stockmarket Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Tradingwithtamil
NSE:INDNIPPON
by Tradingwithtamil
Live Challenging Stock Market Analysis #ASALCBR Buy @ 492.90Market Analysis Live Challenging Stock Market Analysis #ASALCBR Buy @ 492.90 BUY2 @ 475.15 Target @ 570.40 #sharemarket #hindunilvr #Nse #stockmarket Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Tradingwithtamil
NSE:ASALCBR
by Tradingwithtamil
Live Challenging Stock Market Analysis Buy TECHM @ 1074.25 Buy 2 @ 1036.15 Target @ 1615.20 #stockmarket #techm #sharemarket Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Trading with tamil
NSE:TECHM
by Tradingwithtamil
2
Live Challenging Stock Market Analysis Buy IIFLSEC @ 72.70Live Challenging Stock Market Analysis Buy IIFLSEC @ 72.70 Target1 @ 90.50 Buy2 @ 67.65 Target 1&2 @ 133.85 #stockmarket #IIFLSEC #sharemarket Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Forex Tamil
NSE:IIFLCAPS
by Tradingwithtamil
1