#StockMarket #IcicibankICICI Bank
On daily chart form double bottom pattern exact at its strong support
Also is about to break its 10 month old trendline, at its resistance level
Safe buy above resistance zone 778/800 levels
For short term targets of 798 to 805 levels
Keep Trailing SL and also its good to partial booking 1-2% profits
In case of gap up and gap down avoid setup.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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Stockmarketindia
#EMAMI #StockmarketEMAMI Ltd
Stock on daily and Weekly chart gives 11 months old trend line BO (but volume seems less)
And today retested its resistance levels
Could be a safe bet if buy above 475 levls (which is also 200EMA levels) and further add above 490 levels
for positionally 4-5% further upmove
Keep trailing SL to maximise profits
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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#JUBLFOO #Jubilantfood #Stockmarket Jubilant Foodworks
Stock on daily and hourly TF for a base and also inverted H&S pattern
Good be a good intraday bet to buy above 576/580 levels keep SL of 538
Use 5min chart for immediate Support and resistance and Trail SL accordingly to maximize profit
In case of gap up or gap down avoid setup
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
Please Like & Follow
#ORIENTBI #Stockmarket Orient Bell Ltd
Stock On weekly Chart forms Cup & Handle Pattern and give breakout with good volume
Also on daily chart forms bullish H&S pattern.
Now stock will retrace after this BO.
Can be add at 650 levels at trendline support levels.
For positional targets of 870 to long term targets of 970.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
Please Like & Follow
#LTTS #Stockmarket LTTS
On weekly Chart stock seems to complete Harmonic pattern. And also at its support level.
Stock also showing bullish RSI Divergence.
Expected bounce from this area.
Above this Support line stock is bullish and below trendline its stock.
Stock can be add 10-20% at CMP and can be add further above 3100 levels for first targets of 3400-3450
TSL to be followed and partial booking strategy to be followed.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
Please Like & Follow
KAJARIA CERAMICS: A DOUBLE THREEFrom the highs of 1375 stock is declining making lower lows lower highs which suggests that stock is undergoing into a short term corrective downtrend. From ElliottWave perspective stock is forming a double three correction (WXY) of which wave-X is already concluded at 1093 and right now stock is unfolding its wave-Y which shall bring the prices towards 700-650 zone in the coming months.
TATA STEEL: Inverse H&SInverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy near 870 zone with SL of 830 and look for the target of 960-985 zone.
Nifty View In Daily Time Frame. NSE:NIFTY In the longer time frame of Nifty, i view above pattern formation. Currently we are on final Leg of Corrective C wave, Considering C wave as Impulsive & 5 wave pattern, we can consider as per the shared chart. As a beginner i have tried to share my best learnt, i would request professional's to ignore any wrong in view.
After #nifty50's Doji formation above 15183, if feel a complex corrective upmove till 15467-15497, then the trend continuation on downside.
📊 #Nifty Intraday Levels For Monday 13-6-22NSE:NIFTY
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
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take charge of your own trades
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**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
📊 #Banknifty Intraday Levels For Monday 13-6-22NSE:BANKNIFTY
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
Become an independent trader
take charge of your own trades
Learn . Apply . Grow
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
BankNifty Trading Range for 02.06.2022Important point of control levels update....
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
Nifty POC Range Update for 02.06.2022Important point of control Levels update based on volume profile trading strategy...
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
GAIL : Leading DiagonalTRADING STRATEGY: Sell on rise keeping SL of 174 and look for the target of 145 zone in coming trading sessions
Theory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal beagan.
Infosys : Long opportunityInfosys is facing heavy selling laely, and is approaching good accumulation level. The idea is to target a minimum of 10 percent in the given trade setup.
Divide the entry into two legs. The first entry should have half the units you plan to buy at entry 2.
Levels posted on chart
Nifty Long Positional Opportunity ; Liquidity CaptureFed interest rate hike and inflation continuous to create bearish sentient in market. However, this establishes a good opportunity to enter a long trade that corresponds to a small pullback.
Long entry and exit according to the levels posted on the chart.
Target 1:2
Perfect Trade setup using Price Action & Indicator confirmationThe chances of trade being successful increase when you combine Price action with Indicators.
This Trade setup uses Weekly and daily timeframes and two indicators – RSI & MACD.
Stock: Motherson Sumi
CMP: 135.65
Type: Swing Trade (delivery)
Buy level: 139.50 (on a breakout above rejection candle high on weekly timeframe)
SL: 119.40 (Slightly below rejection candle low on weekly timeframe)
Target: 199
Risk/Reward ratio: 2.9
The rationale behind the setup:
The chart formed strong resistance at 123rs which was broken by a strong green candle accompanied by above-average volume. The stock rallied up to 272 and then entered the correction phase.
Once resistance is broken, it turns into support (change of polarity principle).
As shown on the chart, a strong rejection candle with high volume was formed at the resistance turned support level.