INDUSD still looks bearish20th oct 2021- 18598 has been the all time high for past 1 year now. since then price is in range bound till 15191. so from this low market seems to be bullish following impulse rules, until now 3 waves has been in line. for now I'm considering 4th wave is in making since the B wave cut pass wave 3 high and fell to 16646. which is a sign of bullish momentum and its also 0.618 of 3rd wave. but if we look close, though the trend seems bullish from 16646 still we can find only 3 wave structures. even if we consider it as a 3-3-3-3-3 structure. it doesn't look like a leading diagonal in any TF. so I would look for shorting from 18000 range. yet the price should not surpass 16646 to hold bullish momentum.
Short
Nifty Down to 18000 range ??!!!Chart pattern insisting the opinion titled above!!
Reasons:
1. 9th December Day Candle - Bearish engulfing candle with wick at bottom ( but low got tested the next day ) .
2. H&S pattern in process (right shoulder yet to form).
3. Major Trendline resistance above.
Target and Sacred SL mentioned in chart !!
Let's see how it moves!!!
Note - Just sharing my probable view....not a tip nor advice!!!!!
HEAD AND SHOULDER BREAKOUT (AWL)Head And Shoulder Breakout
CMP: 435
Targets for Downside: 591 and 551
SL: 671 Above Previous Swing High
AWL Broke this years major support retested the support area and now heading to downside.
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell.
LT forming a head and shoulder pattern with next support too farPositional traders can take good advantage of this opportunity, as the market is slowly turning bearish due to covid crisis world wide, we might see correction in individual stocks as well, here LT has formed a head and shoulder pattern and it is currently near its neckline, a solid breakdown from that point can make it fall to around 2075 levels.
Wipro India ; Study and forecast Wipro doesn't look good to buy at current level as it continued going down after some short covering .
As we can see wipro is again sending some alarming signal, After few short covering session it broken down the channel then sitting at head Nd shoulder which is yet to be confirmed.
If goes down below 380 in couple of days then it mY retest the strong buy zone between 360-370₹
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Note - This is just an educational idea not any recommendations, Investors are advised to get in touch with their financial advisor before making any investment, YAHOOOO
nifty 50 end of the year and monthprediction------->
this indicator fibonacci cpr with golden rule buying selling
1.618 square root of = 1.27(round 1.3)
nifty current support 18100-18157 current resistant18400
big support 18000 previous pivot
green line are snd ( support and resistant) thats also called supply and demand
other color line are fibo retracement drawing tool
trendlind line touched..
18th DEC Reliance Industries Ltd. Buy or SaleAs Previous Tread Seen Very Good Profit Booking in Reliance. Continue to your Support for More trade
Go Short
Below 2560
Target: 2540-2520
SL: 2572
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
Note: This is not Paid only for Educational purpose.
WIPRO ShortWipro is continuously in downfall and holding the support of level 385.
Now, it created a pattern of " head and shoulder " we may see a good fall if it closes below the bottom of the previous low of the pattern.
The share faced rejection of 50DMA and closed below it again.
Fib Retracement - Putting the Fib from the Corona time low we came to know the level of 0.618 is at 383 and that's where Wipro had taken supports if that breaks we can shorts position.
EURUSD Observation: -
In the chart, we can see recent low is broken. so, it is the change of character on 1HR chart.
Probability: -
We can think that there's probability of the price is going to meet its 4-hour POI. so, we can enter in the short position after touching poi of 1hr in 5 min chart with change of character with the target of 1.05640 and we can set target for partial profit booking to its recent low (which is made after the Choch in 1 hr chart).
Need help: -
suggest a good broker to trade forex in India.
Thanks!!!
Asian Paints: Is the colour fading...!!!Asian Paints
CMP 3158
63 day EMA is at 3179
21 day EMA at 3158
Stock is struggling to sustain above 63 day EMA
Given the set up one may consider to sell Asian Paints Dec expiry 3200 Call option currently around 52
SL / Exit if closing in Spot is above 3226
Take care & safe trading...!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
Nifty Futures: Watch out for 18745 / 18653 levelNifty is at important zone
Nifty important levels on the upside - 18716 / 18740
On the lower side watch out for 18653. If that is taken out then we might see Nifty drifting lower towards 18416 / 18258
These are Nifty Future levels we are discussing here
You can keep the levels to watch out for as SL for your Long / Short position
Plan your trade accordingly
Take care & safe trading...!!!
Like and share if you find the idea useful
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
#Coforge ready to give 9% upmove, RSI breakout tradeAs per weekly chart Coforge is looking quite strong, Weekly RSI has already broken out of its resistance of 48. Personally I would want weekly RSI to be above 55 for bigger upmove or price to give pullback to 3645 levels. I will be keeping eye on this counter for quick 5-6% gain if price sustain above 3700 levels, or price to give pullback to 3645 level for great risk reward trade. In both cases my SL would be closing below 3400. Quite interesting counter to keep tab on for next few days, always respect risk.
Happy Investing & trading :)
Crompton greaves W pattern waiting for breakoutCrompton greaves making 2 of my favourite setup's in weekly TF, W pattern & inside candle consolidation. Weekly RSI & ADX +DI also ready to blast, above 411, 434, 457 can come immediately. Only dampener can be correction in Nifty else every thing looks good here.
SHORT MATICVery Good Risk to Reward 1:5 setup for shorting MATTIC USDT:
Entry price: $0.9122
Stop loss: $0.9254
Target price: $0.8462
XAUUSD GOLD ANALYSIS FOR SIMPLE I do not care about bug support and resistance (trade troll and phycological trade)
ping line long range center is average, bottom is the low point, and top pink (i was unsure whether the color of the horizontal line is that violet or pink), but 1630 that point average gold usd
I'm mentioning this chart's net-wide analysis now. Top violet: 2400 usd xauusd bottom violet: 1200 usd xauusd
I do not recommend very long or very short( the meaning your money your trade your profit)
Ok bro's, my idea will helpfully invest gold or short gold
INDIGO - good for a short term delivery #INDIGO... ✅
INTRADAY/ Short term delivery call as well
All levels given in charts ...
IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target