Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain the bearish stance with the first target at 19672 and the second but strong target at 19589. Ideally the bears should be able to close the day below 19589 tomorrow and take out the 19310 early next week. One thing to remember is Nifty50 is still not bearish on the daily time frame whereas SPX...
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.
Bn can create an H&S pattern ~ Might be sellers may enter ~ Good Support at 45800 if break a good downside move can be seen ~ Resistance may take on previous days high 45990 Note : Do your own analysis before entering into market
hey check this chart. i was tracking this from long time. and i want to give you some update with the help of this chart. please dont forget to follow me for some more interesting technical analysis.
Tomo price structure and price action indicated bearish movement and i am expecting downfall in tomo. BYBIT:TOMOUSDT.P
As shown in chart bounce from 43600 looks like a Double zigzag correction and wave (c or iii) may decline below 42500 in coming days...SL for this trade will be above 45312(Not exact).
Nifty 50 6th Sep 2023 Fair Value Gap draw on 5min TF. Here, FVG used to take entry at top and now riding this downfall identifying another FVGs down once market fall. Every Time buyers try to catch the trend every time that FVG zone rejected their pressure and consciously fall. Exit Criteria: Exit if achieve full Target or If candle close above FVG upper band.
It is clear from the charts that the stock is trading in a parallel channel. yesterday's price was rejected from the upper resistance. if the pattern continues, it should come down to the indicated levels. The logic behind entering here is a good risk-reward ratio at the moment. Only for learning and sharing purposes, not a piece of trading advice in any form....
As per Elliot wave analysis, nifty has probably completed minor waves 3 & 4 of intermediate wave (3) of primary wave 3. (Have marked in the chart) Today nifty should complete downward wave 5 (likely to end at support zone 19100 to 19150). Following which the intermediate wave (4) is likely to begin which can rally to 300 to 400 points. Will update as nifty...
Hello Friends, On Friday after 2nd half strong buying seen in overall indices. It looks like bullish trend started as mostly stock seen in green colour. But i do not think of like that and i'm sure it was not trend change Because if we see all technical data and indicator except Friday buying , There is still trend for bank nifty is Bearish . Let's see...
That was too much of a rally for wave 4. Shorting for a 1:4.5 risk-reward trade. Target and stop loss are mentioned in the chart. Expecting wave 5 to fall stronger than the up move.
Axis Bank is highly pumped in last few days to manage BANK NIFTY. Now showing sign of weakness. Near Resistance Zone
A double top is a bearish technical reversal pattern. It is not as easy to spot as one would think because there needs to be a confirmation with a break below support. While a double top is a bearish signal, a double bottom is a bearish signal. Top tops usually have an upswing, initial peak, trough, second peak, and neckline. Investors can short trade after the...
Nifty is currently in the downward wave three correction. We have witnessed two red rays, which are part of wave 5 of the downward wave 3. So, we can witness one more red candle day that can complete wave 5 (of the larger wave 3) on the downside, and then the market should rally up in wave 4. Beware of the major wave 5 correction which is likely to begin in the...
RETRACEMENT DONE IN BANK NIFTY Bank Nifty Trading in 50-61% FIB RETRACEMENT ZONE Short Triggered in BankNifty MIN 750 POINTS FALL EXPECTED TARGET 44000 - 43900- 43800
Dark Cloud Cover is a bearish reversal candlestick pattern where a down candle (typically black or red) opens above the close of the prior up candle (typically white or green), and then closes below the midpoint of the up candle. The pattern is significant as it shows a shift in the momentum from the upside to the downside. The pattern is created by an up candle...