Nifty-50 │ Analysis :- 01-11-2021Hello, Guys! Nifty-50 Is on Bearish Trend
Date:- 01-11-2021
If Pre-Opening Open Gap-Up Then Go For Short-Selling Again.
Nifty Closing :- 17572 { (Perfect- Near) 3:30 PM }
STOP-LOSS :- 17791
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I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator.
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Short!!!!
Short #DRREDDY looks so week in daily. Expected a target 4000. short term sell below : 4630
target @ 4050
stoploss above 4780
last 14 months this stock is trading in between a strong supply and demand zone. excepting a previous level of support 4050 to 4000 in a couple of weeks. current global cues are in negative mode.
ACC will give a Big-Move...!!Hello, Trader and Investors, I am Adarsh Dadhe, I am a student and a part-time Trader also, I analyze well so come on the topic, we all should know that there is bull run in the market. In this bull run I searching some blue-chip company's stocks for trade, and luckily I found ACC then I analyze it, after that I see a super up-trend in day(D) time-frame and also a triangle pattern, so I am just telling you that you should or you can trade ACC on its UP/DOWN breakout, so keep eye on it🧐, it will be a great chance!
Nifty: Chart set up and trading strategyNifty
- The zone of 18350-18445 is potential resistance zone
- the zone of 17600-17800 is an important support level to watch out for
Given the set up one may consider to sell Nifty 25 Nov expiry 18600 Call option currently around 200
Strategy has max profit potential of Rs 10000/- per lot till expiry and in built loss protection for a rise up to 18800
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BTC/USDT Next Move? Pull Back coming(Head And Shoulder Pattern.)#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Bitcoin Is dropping Due top Bearish Head And Shoulder Pattern.
Time To short BTC till 53000 $
## When Last Time Bearish H&S Pattern Took Place in Daily Chart IT dropped Almost 25% ##
Good Support = Around 53000 $
Strong Support = Around 41000 $
Ultra Strong Support = Around 31000 $
ATH ( High Resistance Zone ) = Around 67277 $
## Technical analysis:
1. Bitcoin Is dropping Due top Bearish Head And Shoulder Pattern.
2. The price is above the 20 Ema and Bitcoin is Currently Testing 20 EMA.
If Testing At 20 EMA is Successful then It will move towards 63000 $
3. If Testing fails at 20 EMA then A Pullback till 53000 $ may take place.
4. Retesting At Support Near 53000 $ is coming , If it is Successful then BTC will Cover ITself.
OtherWise IT may BREAK the Support IF good volume is sold.
5. All Time High is a high resistance zone which is 67277 $
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Bank Nifty Update for 26th October 2021NSE:BANKNIFTY
Bank Nifty Update for 26th October 2021
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BANKNIFTY INDEX has outperformed NIFTY
and is trading on ALL-TIME-HIGH levels.
Index is continuously making higher highs & now has formed HARMONIC ABCD pattern.
Here's the trade setup for today:
For buying:
The pattern will be activated above 41,800 and a bullish momentum will be seen if the price sustains above it.
Possible targets on the upsides are 42,000/42,200/42,400/42,600
For Short:
Short will only be activated below 41,000 levels
Trade setup
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Key support is: 41,000
Key Resistance is: 41,800
Trade Accordingly!
Nifty Update for 26th October 2021NSE:NIFTY
Nifty Update for 26th October 2021
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A recovery from 18,000 levels was seen in previous trading session lead by the banking stocks.
Index has shown recovery from the psychological support levels of 18,000.
Here's the trade setup for today:
NIFTY has formed a HALF BAT HARMONIC Pattern and if the price sustains above 18,250 we can see the price shoot up to the levels of 18,300/18,350
For buying
18,250 is the key level above that 18,300 will act as a key resistance.
On Higher Time-frames 18,400-18,500 will act as a resistance area.
For selling
Consider selling from 18,050 level, but also consider 18,000 as an important level as it will act as a strong support again.
Consider quick profit booking on both the sides as Index is trading at narrow range.
Trade setup
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Key RESISTANCE is : 18,500
Key SUPPORT is : 18,000
Trade Accordingly!
COFORGE TRADE SETUP FOR MONDAY (SHORT)COFORGE is following the parallel trendline from May, now the stock give the good correction in the last two three days.
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If stock break the trendline on downside, you can make the entry in this entry point 5335.
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Our Target will be 5220.
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What's your view on this comment below in the box
Expected correction in united spirits (McDowell) up to 780 levelwave 2 is between 0.786 and 0.618 level of wave 1.
wave 3 is exactly 1.618 times of wave 1.
wave 4 started from 925 level, according to elliot wave theory it should retrace upto 780 levels.
Which provides us with a good shorting opportunity.
For additional confluence:- divergance spotted in MFI indicator (oscillator is making lower high but stock is making higher high). Look from mid august to 2nd week of sept.
Interglobe Aviation ShortHead and shoulders: 3 Peaks with the middle one being the highest indicate a head and shoulder-like formation which indicates a Bearish Reversal and a major downtrend. This breakout is accompanied by huge volumes being traded and generally a long bearish (red) candle. One can expect the prices to go as low as the difference between the topmost peak and its baseline. In this case we can expect an approximate of 15% fall in the prices if such a breakout is to happen.
Keep an eye out as the pattern is still incomplete. This graph is only for educational purposes; invest at your own risk.
Stoploss: 2055
Target: 1650
ICICPRULI - Channel BreakdownWhat is channel Pattern & breakdown?
Scenario in which Price will tend to move in a channel between a trend line and a line parallel to the trend line. The later is called a channel line or a return line . When these are identified, they represent a clear exit point for an entry taken in the direction of the current trend. Aggressive traders may also use the channel line as an entry point for a trade against the trend, though trading against the trend is not advisable as those trades tend to carry a higher risk and tend to carry a higher failure rate than trades taken in the direction of the trend. Another significant signal is the failure of the price to reach the channel line. This could precede a break of the trend line and a possible reversal of the trend which results into channel breakdown
Present Case - Similar kind of breakdown is seen in ICICIPRULI after todays session with some good volumes.