After a strong uptrend of 37%, now the price has formed a bearish pattern of Hanging Man near the swing high. But we need a confirmation candle to decide our trading levels. The EMA bands are also indicating for a trend reversal. Thanks Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
hello guys welcome to Ramajitrade 🙏😊 Today Target in video we achieve this target 100%. and please Trail your stop loss and try to hold. Updated for-Jun/06/2024.Positional Support for BANKNIFTY 48832 48531 48342 48287 48078 47819 47216 46100 and positional Immediate resistance for BANKNIFTY is 51235. Intraday Resistance of BANKNIFTY are 49896.1 : 50737.6 :...
Hourly closing below 22563 then 📉 📉 22488 --- 22472 If closing below 22472 in any 1hr candle then 📉 22372 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises
Hourly closing below 22392 then 📉 📉 22326 and 22275 ( marked on the chart ) If closes above 22403 in any hourly then 📈 📈 to 22562 Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
22245 -- 22312 ( No trade zone ) Any hourly closing below 22245 then 📉 📉 to 22191 and ( 22087 pending target) If it rejects from 22312 also applicable 1hr closing above 22312 then 📈 to 22375 -- 22400 Any hourly closing above 22400 then bullish 📈 📈 to 22563 (24th April) Disclaimer: It's a personal view not a financial advise and I assume no...
As per Chart MPHASIS suggests strong downtrend Momentum. If trend continues we can see more Fall. IT is underperforming as compared to NIFTY 50 and MPHASIS also showing weakness. So the pattern will active below 2375 And pattern will be neglated above 2445
BankNifty Analysis - Stance Bearish ⬇️ There is no doubt that the stance on Banknifty is anything but bearish. Even though we started quite okay, we quickly gave up the gains. After 10.23 the intensity of selling was quite strong. And once we came back to the bearish channel the depth of the RED candles kept on increasing. Banks were the first to react to the bad...
You can go short on GOLD if price makes a pullback 1HR or 30 min timeframe, in case of consolidation you can also trade it on breakout and last target is 1934.78. DISCLAIMER :- THIS IS NOT A FINANCIAL ADVICE, TRADE AT YOUR OWN RISK
🚨 Heads up, traders! Nifty has formed a double top pattern right at the peak. While we hesitate to scream "downtrend," signs point to a potential correction. 📊 Technical Breakdown: 1. Initial confirmation with a neckline break. 2. Crucial retest completed for added confirmation. 🎯 Targets & Stoploss? Refer to the chart for specified levels. Brace yourselves...
Intraday Trade setup for 26 April I have selected 4 stocks for intraday, not all the trades will get executed. I always place Stop Loss Market Buy/Sell order above or below (for LONG and SHORT) the high/low of the reference candle to make an entry. Entry: 947.85 SL: 953.75 Target: 936 Disclaimer: The analysis or trade setup is of my own. Please do your own...
Berger paints breakdown from "symmetrical triangle" chart pattern in daily time-frame. I am expecting huge downside rally after a retrace till Rs 591 (which also translates to 1:6 Risk Reward). I am planning to go SHORT at 725-730 Levels (but not before 3:00 PM), wicks at the top of daily candle tomorrow will add extra confirmation to our trade. Entry 725-730 SL...
I will go short when it opens gap down or flat at RETRACEMENT only. Market is bearish it seems good opportunity considering sentiment. Gap down scenario: Remember, reversals are either possible in 2 patterns (Head and Shoulders or "M"; or 2 red candles- 1 green candle (all near the resistance only)- SHORT at low of Green candle)
Weekly "bullish flag breakdown". I am seeing target near Rs 3.5 This trade will take some time (weeks to months) and it'll test patience. Risk-Reward 1:5 Don't forget to cover your short once the target hit. And and, go LONG at the Target price (for investing or monthly trading perspective)
Gave a bO on daily time frame with a strong uptrend and after consolidation in uptrend + good volumes. can give good returns in swing trading
Short Position with SL and 3 TPs. All ideas are my own analysis. For educational Purpose only. Any Loss on taking this trade is not my responsibility. Taking position off my idea is own responsibility, Users are responsible for their our actions. Tip: Always trade with Risk Management
Today the price has broken the support zone and Fib retracement level of 38.20%. Also, there is a good convergence in ema bands. The price could show the volatility of 5 to 6% in this range of Fib retracement levels of 330 to 315. On the breakdown of this range we got a clear short trade of 5 to 6%. If anybody wants to trade this range then the short strangle...
Nifty We have been warning about the fall since the last few Nifty updates If on pull back Nifty finds it difficult to reconquer 63 day EMA then probability of Nifty falling towards 18820 could be higher. Current Scenario and Important levels have been discussed... View gets invalidated if Nifty closing is above 63 day EMA on a weekly closing...
NSE:LICHSGFIN formed Shooting Star and gave closing below it. Entry : 458.35 Target : 440 SL : 475 RR : 1.1