Good Morning Everyone, Key levels on Bank Nifty -->Major Supply zone- 41700 - 42000 -->Fib Resistance zone: 41250 -->On Higher Time frames Major Support 39850 level -->If we observe the volumes on recent swing high i.e., 40700 We can consider this as a decent breakout indicating Bullish behavior -->Until we get a Closing below 39850 level market will...
A 15min candle close above 17560 will indicate a bullish scenario. Otherwise We can take the risk with a small SL All the details are mentioned on the chart only lets see if we can secure this trade with at least 1:1 RR. I am posting this for Live testing purpose. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and...
Good Evening everyone, JSW STEEL on a Daily time frame formed a triple top pattern. The last one is all time high. -->After creating all time high came down directly and broke the last low before ATH (Horizontal Arrow) -->Observe the price action after that , Price hardly managed to go to 0.618 Fib level (shown on chart) ->Got rejected from that level and...
gold totally bear market short tgt 1600 or below no bullish movement
All the details are mentioned on the chart only Worth a shot with low SL lets see if we can secure this trade with at least 1:1 RR Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit...
All the details and key levels are mentioned on the chart. Without sure confirmation don't enter long on the breakouts . False breakout and Sell off will be a major scenario. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at...
I know I know I know that price has formed a inverse head & shoulder and all -->But if we observe recent rally there is no profit booking and price is at major supply zone. --> We will get better RR ratio if we short here and if the plan works. -->So Idea here is Sell CMP @812-814 level -->SL - 820 level. Managing the trade: If the trade goes in our way *Exit...
All the details are mentioned on the chart -->Wedge Formation breakdown -->SL on 2nd resistance -->Entry on retest -->Overall good setup. Except Buyers are in control till now But this SL worth the shot Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2...
All the details are mentioned on the chart Entry after facing rejection Cons: Against the trend Sellers are already trapped at day's low Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit...
Good Morning everyone, Keeping SGX Nifty in mind (17070 levels) Lets say Nifty will have a gap down of approx. 100 points -->Nifty will try to open @ 17060-70 levels -->We will be almost opening near support zone. --> Unless it breakdown 17000 level on stays there for min 15 mins there shouldn't be any shorting . -->After opening, --> If market shows...
Good Day , Hello Traders, PVR looks bearish below 1714 as it will be more weak and more downside will be there till 1621. One can plan a short trade with keeping Stop Loss as 1770. IF it didn't sustain 1621 then more downside till 1489 is coming up Time Frame : Daily Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please...
Things to Remember: -->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash". -->No one was correct/is correct or will be correct all the time. -->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance. -->With the same data / charts available there will be another analyst, he/she...
Reasons for Short as follows: 1) Classic Head & Shoulder Breakdown Pattern 2) Price trading near 52 Week Low Zone 3) IT Sector is the Weakest and Leading the Bear Market 4) Global Recession means Slowdown in Revenue for these IT Companies SELL Weakness Stop Loss above 1420 Targets: T1= 1320/ 1300 T2= 1250 ish zone
- So Wave E high did not get taken out all this while even though, hence Setup still valid - A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high - A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high - Price did Wave i and then ii, and now iii on Downside has Started📉 Wave i= Wave iii...
Attached: Hourly Chart A Clear Cut Distribution Pattern is visible for Bajaj Finance. This Pattern is called the Head & Shoulders Top Pattern and is a Trend Reversal Pattern. In this case, there is a BEARISH Implication One can Short at CMP Stop Loss above 7380 Downside Target open to 6900- 6800 Stay Safe And Happy Trading! If you like my work, then check...
$BTCUSDT looking short...finsihed 5 wave and now looking for corrective to the downside in short term
IOC - The stock even in a strong market condition is struggling to get past 21 day EMA - The stock traded in yellow channel for approximately 3 months - Now trading in the red channel zone Target for the current set up 64.15 / 61 Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30 Take care and safe trading...!!! Like and...
Closing above the red line will be first sign of bullishness -->IF we get rejection at 0.618 levels in 5 min TF and candle should not close above red line All levels are mentioned on the chart it self. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or...