Wedge pattern reversal in MARICO.MARICO
Key highlights: 💡⚡
📊On 1W Time Frame Stock Showing Reversal of wedge Pattern .
📊 It can give movement upto the Reversal target of above 560+.
📊 Inside Candlestick Form on this timeframe.
📊 Can Go Short in this stock by placing stop loss Above 480 or last swing low.
Stocksignals
Triangle pattern reversal in UPL.UPL
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Triangle Pattern Pattern .
📊Shooting star Candlestick Form on this timeframe.
📊 It can give movement upto the Reversal target of below 700-.
📊 Can Go Short in this stock by placing stop loss above 790+ or last swing high.
BANKNIFTY JACKPOT SETUP 07\11\2022 appreciate & follow for new update,opportunities
clear indication in 15 minute time frame chart.
plz read everythings will clear in trend.
banknifty is range bound between 41500-41100,more than a 2 weeks.
results positive,fii,and some bullish trend ready to push banknifty strogly near 41700-41800+.
#banknifty call above 41500 tgt-41700\41900
#banknifty put below 41100 tgt-40900\40000
banknifty gap down open than
one support is 41100, already given
next ready to buy put below 40800, tgt-40600\40400
Should we buy or sell Nifty Today?Nifty is in narrow range since opening.
15 min candle breakout should give good target either side.
For Upside 1;1 should be 1st Target and then trailing.
For downside also same thing but can focus on gap filling also.
BREAKOUT PLAN
The breakout candle should close above the range (at least 30 percent of body)
Then one can enter at candle close with SL below bottom range level. (should be ~50 points)
OR
After Breakout one can wait for some retracement and enter the same with same SL (can get small SL)
BREAKDOWN PLAN
The breakdown candle should close BELOW the range (at least 30 percent of body)
Then one can enter at candle close with SL above range level. (should be ~50 points)
OR
After Breakdown one can wait for some retracement and enter the same with same SL (can get small SL)
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
NiftyHello guys we have sen out markets outperform amidst global uncertainty and volatility.
Nifty is approaching precious swing high of 18114 odd levels..
Any two consecutive daily close above this we see a breakout... approaching new high...
You can check my yearly nifty trajectory on the related chart below...
levels are marked and self explanatory. Happy trading....
NIFTY PRE MARKET ANALYSIS 14/10/2022 E2Good Morning Everyone,
-->If we observe price action yesterday, in the second half Nifty started showing bullishness. Price has failed to break previous low and started going up till dynamic trend line.
-->So everything together formed big double bottom.
-->After seeing SGX Nifty yesterday at 16800 I thought today will be completely different day. But SGX Nifty turned around and went all the up to 17280 -17300 levels.
-->After breaking the trendline now price will try to shift the zone first.
--> Will the gap up sustain?
-->If we measure the distance from yesterdays closing and to todays opening (say 17280 -17300) It will be more than 1% increase.
-->Things to keep in mind today.
--> 5 Min breakout or 15 min Breakout should work today.
If price breaks 5 min candle or 15 min narrow range breakout we can enter the trade in the price direction.
--.If the price comes down after opening to neck line then look for buying opportunities.
If price start going up
Resistance 1-17350
Resistance 2-17425
If Price start coming down
Support 1-17140 - 17170
Support 2-17070
-->When the market is live observe the price action whether it is creating higher highs and higher lows or lower highs and lower lows . You will get all the answers.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
US100Price came down with an impulse, started consolidating at our demand level, we anticipate a continuation to the downside after the accumulation
Selling opportunity in Bank NiftyPlanned this trade in 5 min TF.
Can plan this trade with a Small SL
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you want me to video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis.
Need motivation very badly
IRCTC: Ready for another impulseAfter the formation of ending diagonal stock has given an upside impulsive rally and undergone into a corrective phase. The recent price action suggests that corrective phase has been over and stock is ready for another leg of impulse on the upside.
One should buy the stock in the current levels or on dips near 730 zone , keeping SL of 660 look for the tgt of 840-45 and 920-25 region in the coming weeks.
MARUTI: Ascending TriangleThis is also a converging triangle formed with one flat horizontal line on the top & an inclined line meeting at a common point as illustrated in the chart.
The flat horizontal line act as a resistance for the prices & the on the inclined line the prices take support. It’s not necessary that the ascending triangle formation takes place only in the bull market, they can be formed in a bearish trend also.
Here also you should concern with the key point “The Third Touch”. The five significant points help us to make our decision in a better way. Here, each points suggesting a reversal point & as soon as price got it’s third touch on the inclined supporting line the price shoot up & a breakout happened.
The target for this pattern is the maximum vertical range of the triangle.
Trading strategy:MARUTI: BUY 9285-75 SL: 9050 TGT: 9545/9850
AXIS BANK AXIS BANK near its long term resistance area ...its took first time resistance in this area in june 2019...after that its try o break resistance again in oct. 2021 but fail to sustain ..now again its hit the resistance level ..my view is clear if its break 875 level and give a weekly closing above on it we go long but if its not happen and we get any nagtive price action or nagtive candle near resistance then we go short again form here..