Do initiate trade based on 5min candle close! Levels mentioned on chart. Trade at your own risk! Thumb's up if you like the idea and do follow for more such ideas!
Security: Nifty (Sell on Rise) Trade Setup - H&S neckline broken decisively. So short call / more effectively traded through a December put option or a multi leg option strategy Trade: Short / Put buys / Sell on Rise / More effective if get to sell or take a buying Put option entry on a gap up bounce around 17100 / 17200 Stoploss: A wild bounce back in form of...
Gold has been in moving in a downward channel in the higher time frame and there is a potential sell set up lining up for the coming week or two. Our reasons for potential further downside move for XAU/USD are as follows:- - Key monthly resistance level - Pinbar on the 8H and 1D time frames - Visible down trend - Rejection from 50% Fib Retracement
Details are mentioned on the chart. If doesn't sustain over breakout area, may fall to the indicated levels. Only for learning and sharing purposes, not a trading recommendation. All the best.
HDFC (Daily) - Head & Shoulders Chart Pattern Possible top fishing of the right shoulder Seems to be the start of C wave MACD downtick in daily and weekly timeframes (wave and tide) Stochastic 14,3,3 is in negative crossover -DI is above +DI and the ADX is above 15 in the Directional Movement Index (DMI) Fake breakout of the 50 ema as well Target 1 -...
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.
Hello Traders, hope you all are doing amazing! Today I will be showing you the daily chart overview of BankNifty, so traders as you can see, on the 1D chart a huge rising wedge pattern has been made which has recently broken down to 35327. Now here, I won't say I can see a double bottom but yes, I can definitely see a "W" pattern which will probably hit the lower...
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....
As you can see in the chart stock reverse from the resistance level of 480. . Now again stock is the at the where you can sell this trade, if Tata motors go below 466, . We can sell this trade for the target of 458, if stock goes below 450 then maybe stock can fill the gap. . So what's your view on this comment below in the box.
The formation of an inside candle resembles the future strong movement in daily trends. Can expect a downward movement of at least $10. This strategy works maximum in gold. Can refer to my earl y xauusd post-trading with the same strategy.
Dabur has formed Head and Shoulder pattern on the daily time frame and looks bearish. Any one can short below 1st Dec 2021's low.
This is a perfect sell, considering how the overall market is. There is a bearish engulfing candle on the daily chart, signalling bearish reversal. Also a fake breakout and is back in the channel. RSI and MACD is also signalling weakness. Risk to Reward is also favourable. Best of luck :)
As you can see in the chart, 924 is strong support many times stock tested this level. . If tomorrow, stock break the support level & goes below 924, we can buy this trade for the target of 900. . What's your view on this comment below in the box. . Note: we will only buy this trade once it goes below 924.
Nifty Fib levels indicate that It should come down to at least 15980 levels before starting a fresh uptrend
Nifty larger sentiment was down, this was just a pull back in larger down sentiment. Nifty was moving in up channel, buyers expecting a reversal to 17800. Follow buyers sellers action and what their expectations are and when they will be in pain!! Check below chart for detailed analysis - 1. Buyers were buying along lower trend line in hope of upper channel...
bearish divergence followed by a break and retest of downward structure. entry was at retest and i will be riding this down to the previous structure level at 4482 area.
As you can see in the chart, there is a strong resistance of 2215 level, . So for tomorrow if stock rejected from the level then we can plan for the selling, . If stock goes above 2215, we will avoid this trade,. . If stock goes below 2100 we can short this trade. . What's your view on this comment below in the box.
When a major trendline is broken, prices will go almost the equal distance the amount it went above the trendline. Sell ~ 3250, 3230, with stop ~ 3310, target ~ 2950. Trade time frame 8 ~ 10 day's.