13th December Intraday Trade - Delta Corp.All levels and trade idea is mentioned in shared chart
Disclaimer : I am not SEBI registered advisor so take the trade on your own risk.
Short
Head and Shoulder Plus a Flag breakdown in #BTC DailyThere are two breakdowns one can see.
1. Flag and pole breakdown
2. H&S neck breakdown.
For short-term, i.e today or tomorrow a safe target is 45900.
Upl short at 744-745Short upl at 744-745 level sl 750 cmp 742. Stock forming rising wedge, retracement is around fino 60% ...double confirmation to short with very small sl for 725-28 tgt
Buy BECTORFOODBuy BECTORFOOD if it crosses 200 days EMA.
Take SL at support level.
Short term target - 460
Long term target is at all time high level - 620
Zeel should fall from cmp 369Zeel at cmp 368 forming rising wedge. With 375 sl short it between 368-370 for target 344, tf 3-4 days..
Bharti Airtel - Bearish Bharti Airtel showed a very poor uptrend marred with volatility. This leads me to believe that the uptrend was in fact weak. Now there seems to be a change in polarity. Bharti Airtel took a confluence of resistance from the trend line and its previous resistance.
Preferred trades: 720 CE short. But be careful, Bharti Airtel is known to bring nasty surprises.
This is just a short-term trade, in fact, I'm super bullish on Bharti Airtel for the long term.
BTC 2nd Idea This is my Plan for Btc. We can consolidate for a While. If this happens we can see some alts pop as well.
price can consolidate between 47k-42k there can be two possibilities
USDJPY Forecast 07-Dec-2021USDJPY is trading at the near Resistance Zone its a great opportunity to take short position now.
head and shoulder in asian paintdoing my first chart pattern analysis posting hope you like and correct me if any mistake
BAJAJ FINSERV: HEAD AND SHOULDER (BEARISH)A clear pattern formation & its confirmation. Stock has formed a Head and shoulder pattern with neckline around 17200. Stock has already given a breakout in the previous fall & now retested the neckline and falling again. One should go short on current level with SL of 17900 & look for the target of 16300/15300 and the measured target of 15000 level.
SHORT ELON USDTShort/Sell ELON/USDT
Target :0.000000591
Stop Loss :0.000002652
Signal:Negative
Sentiment:Negative
Crossover:Negative
Timeframe:10-14 days
Probablity:High
Note: Some sideways movement expected before the fall.
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Reliance passed a retest of breakdown from H&S pattern | BearishReliance ( RIL ) was forming Head and shoulder pattern in 1D time frame. few days back it has breached the pattern and made a good low. now it has passed the retest from neckline and faced rejection from the resistance, in my view Reliance can make a new low from here and i am bearish on this. Support zone can be Found as 200 day EMA.
AshokLeyland - buy until 116, can give 57% in 4-6 monthsin.tradingview.com
As per Elliott wave theory, Ashok leyland is trading in wave4 and has formed a Flag pattern, this is at a good price and can be bought until 116 with a stoploss at 108. This can go till 183, with a target of 148 in short-term and 183 thereafter, hopefully in less than 6 months.
BABA _ SHORTNYSE:BABA As per the FIb extension tool BABA's next support is $90 to $86 and it matches with previous support in Dec 2016
Nifty: Technical Analysis once again helps us in our trading 🙂Note this is not a trading idea now but a post analysis of trading plan discussed in my previous update.
We are looking at a 15 minute chart here, to see Nifty behavior in detail, corelate the movement with our previous analysis and see how useful Chart Analysis can be...
The red zone can be found in my the previous analysis also...
Refer to my previous update here in the link below... which was given, When Nifty was at 17301
We were not sure if Nifty would really come up, so we did not play for the up swing as Risk::Reward ratio was not favorable.
Rather we waited and waited patiently on the sidelines.... Not trying to time the market but playing as per levels. Levels where Risk::Reward ratio is favorable...
When Nifty came close to 20 day EMA yesterday, (20 day EMA @ 17508 and Nifty made a high of 17489) we just executed our plan to go short as discussed in my previous post as we knew our risk is very low and reward potential is high.
After the initial jump & dump, Nifty struggled to get past 17417, a level already highlighted in the previous post.
Trading is not about trying to capture every move. Look at it as a game of Chess where you let the market make it's move and when it is done, you play yours.
Keep patience while you trade and it will reward you...
Follow to get regular updates
Take care & safe trading...!!!
MGL short sellTrade based:
Overall it was sell trend.
during the sell trend. in inside the hr tf. form a bounce back and also it broken.
so, its a best time to enter for sell.
Nifty 50 Swing TradeThis is a 45 mints trend analysis of #NIFTY50 which shows the #elliottwave analysis of trend and movement at different levels,
BLUE #trendline This is #Elliot major waves and
Orange #trendline this is abc wave in between #Elliot major wave.
Do comment and #like this #analysis kindly #feedback.
Intraday trade: watch for support breakdownshort below 748 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
Hero motor short term for sellTrade based.
Day down trend continuation.
Hr tf continue the down trend.
SUNPHARMA 1DThis stock made higher high and higher low.
It broke the channel pattern.
if it breaks the previous higher low ,it goes down SHORT.
Price goes from 760 to 707.
Intraday Trade: watch for trendline breakdownshort below 740 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
NIFTY BEARISH TARGETS
NIFTY STARTED MAKING LOWER HIGHS AND LOWER LOWS, SINCE MAKING A HIGH AROUND 18600. AS PER FIBONACCI LEVELS OF RECENT RETRACEMENT THE FUTURE TARGETS ARE AS FOLLOW
Nifty started making lower highs and lower lows since making a high around 18600, as per fibonacci levels of recent retracement the targets in coming days are as follows
