From 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...
Inverse 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...
Chalethotel stock is rising in an uptrend forming higher highs and higher lows which is the basic definition of an uptrend. Stock has given a breakout on the weekly time frame and can be bought on cmp for the Tgt of zone of 380-400 in the coming weeks. Stop loss should be 290.
The current upmove is just a retracement going on of the previous fall. Bears will soon take the control over the index in coming weeks for more downside levels. The bottom is not done yet.
Stock has breached the neckline of the H&S on weekly time frame.
For the last 6..7 days we see that the Market shows so abnormal behavior this why its near to impossible to predict the Market..but thank to technical analysis so..we able to analyze the future market.. ! check my Market Analysis
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...
NSE: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...
NSE: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...
Important 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 .
Important 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 ...
- The chart will speak it all for the indicative patterns - Constant increased interest of FIIs/DIIs - OPM, Cash flows increasing - profit growth of 82.39% CAGR in last 5 years
TRADING 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...
It seems a five waves impulsive wave has been concluded in the zone of 260. One should avoid fresh buy positions at these levels as there is fair possibility that stock will move in downward direction in three waves to complete the correction of the entire rise.
Infosys 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
Fed 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
The 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...
After making a high of 18400, so far the trend followed by nifty is falling perfect to a flag pattern. The last 2 breakout rallies of Nifty had been of 30% each. Considering it repeats the historic trend, a target of 30% from its current common low of 16800 will take Nifty to a high 21K+. That's only after it breaks the flag towards upside.