The index has been traveling in a rising channel formation for the last year. This time it reaches the top edge of the channel. If doesn't sustain the above, a downward journey is possible.
We just see our risk-reward. Keeping a stop-loss of around 36400 on a closing basis for two days. or according to one's risk management. target seems 35700 or more.
The setup...
AUBANK
CMP 669
Formed a TRIPLE BOTTOM support at 635 and bounced strongly
But,
Now small resistance is 690--700
If sustained above it can pump upto 720 / 740 / 760 / 780 WITHIN SHORT TERM
----------------------------------------------------------------------------------------------------------
But recently there was a huge gap up in this stock around 23rd...
ATOM eyes 10% gains amid chatter about a fork
* Cosmos price remains above a crucial supply barrier extending from $6.161 to $8.966 with the potential for more gains.
* ATOM could climb 10% to tag the $10.218 resistance level, steered by bullish indicators and bullish speculation.
* Invalidation of the bullish outlook will occur once the cryptocurrency breaks...
****************************************************************************************************
****************************************************************************************************
* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of...
CRUDEOIL LOOKING WEAK AS PER ANALYSIS
Moving Average Observations:
Price below 50-day, 100-day and 200-day Moving average.
RSI Observations:
The Daily RSI indicator has remained below 50. This is a bearish zone. Current Daily RSI reading is 42.43.
ADX Observations:
The Daily DMI position remains bearish.
Donchian Channel Observations:
Price is below middle...
Greetings Folks,
today I have prepared a setup of DISHTV on NSE
the analysis is as follows-
- the price recently broke out of a descending trendline
- it created a lot of imbalance in the process
- the imbalance is essential to get filled
- the price is also making a bearish pattern i.e head & shoulder
- trade when price break the neck of the pattern
don't play...
It is clear from the chart that the price is near the breakout level of the rectangular channel. My setup is to see it bearish. But have to exit if sustains above 540.
The risk reward is also good in this setup.
Targets are mentioned on the chart. ( If works)
The setup is valid only if it sustains below 540.
It is only for learning and understanding purposes, not...
Hi, in this chart i Got a Good Top in NIFTY , please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this...
Everytime Nifty has formed 2 or more NR7 candles consecutively, it has given a down move. The retracement till .5 - .618 of the previous down move is also completed, so more up-move is highly unlikely. Keep a Short bias.
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
The stock price has been moving in a parallel channel in recent weeks. Can expect it to come to the lower side now. Also, a retest of the breakout at 10k levels seems due.
Other indicative actions are mentioned on the charts.
Risk-reward is good according to the setup.
Only for learning and understanding purposes, not a it of trading advice in any form.
All the best.
Its a very volatile stock.
In the begining of the move zee was consolidating between 266 and 254.It broke down from 254 to 236 last week. It made good upmove from there. Today's judgement of zee should have helped it to sustain 254 but there is clear selling around 254 making it resistance.
Sell stl: 266
tgt 1 : 236
tgt2: 220
Disclaimer: I do not own the stock...
Last week, Banknifty formed a wide range bar. We can expect a pause this week, and anticipate an Inside Candle formation. Best option right now is index plays with short option. Plan for OTM Short Strangle or ATM Short Straddle. But due to very low VIX regime, maintain tight stop loss.
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...
- Might open gap down if break previous days low a good down can been seen
- buyers will be strong only after 44700 to 44750 is broken
- if break previous days high and sustain then buyers may enter till 44700
Note : Do your own analysis before making any trade or investments
![BANKNIFTY: Weekly Outlook [30-Oct-2023] - BankNifty & Other Indices](https://s3.tradingview.com/e/Ec7cowjq_mid.png "Weekly Outlook [30-Oct-2023] - BankNifty & Other Indices")
