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AXIS BANK CHANGED ITS STRUCTURE IS IT READY TO FLY!! Hi traders/investor, In my last post of axis bank , it was in sell mode til upper end of red channel gets taken out it remained in sell mode. But crossing it fulfilled the taken out condition of channel By giving close above the clear break out candle. This gives me clue that chances to go down is negligible now. Well with one condition If green support is not taken out on lower time frame and later on same day in daily time frame. It means If price breach lower green support and in coming days. The one hr candle should remains out of this green support plus next any of two hours candles close below breached candle.If lower time frame condition gets fulfilled . Then If any body long on stock should cover his/her position. And confirmation will be seen when same day daily candle gives close below support green line. Then only shorts can be initiated for target of white upper band of lower zone. Similarly Buy condition will be activated when same details work in upper green resistance. Price between two green line is no trading zone. If any body long or short in trade should cover their positions in this zone. Right now biased is for long side can change opp side when lower taken out is fulfilled. In every analysis I make you remember that be flexible with your analysis change with conditions . These provide you clear direction of trend , entry and exit if in wrong side of trade. Investors should follow upper green resistance condition in this way you will be part of confirmed bottom. That assurance is need by every investor to put their money for long term investment. if this stock confirm upper taken out condition then you will get good return in 18 months. Traders upper target is upper zone upper band. Early deduction of trend change is always needed in stock market rather to trade in hope. Rest market will decide. YOGESH VATS
NSE:AXISBANK
by yvatsji
4
SBI HAS MADE ITS BOTTOM RIGHT TIME FOR INVESTING SEE HOW? 1.In my last post on sbi , I shared about bottom fishing in this stock. Where I made a green box to be area for would be bottom. But today"s candle confirmed The upper band of white zone sbi selected to be right area of bottom . You can see I circled that in green sbi took support in last week and crossed red channel . Til yesterday two candles above red channel were not providing enough information of true break out . But today candle fulfilled my taken out condition . Therefore, when price switched its sentiment then investor and trader should also switch his /her sentiments with price . stock market is game of sentiments one should know at early level the psychology of trend is being changed. today it confirmed I am sharing same day. 2. For investors this is the right time to invest in this scrip. Traders I made one red dotted line til price do not take this out , no shorts buy on dip is good strategy for this stock . In coming days second target will be achieved. Since sbi took support on upper end of zone so chances to reach green box is negligible ,consider only when red dotted line is taken out. Attaching last post for your consideration. Rest market will decide.
NSE:SBINLong
by yvatsji
20
Educational Idea given on bharti infratel candlestic chartsYesterday educational idea given to our members and also share on trading view platform. This shows the power of candlestick chart. Look today major of the stocks are trading in green but look at the stock of bharti infratel no news nothing still stock is falling . so identify these type of patterns in charts which makes you successful trader in the market. So all the below conditions are fulfilled when the shooting star candle is appear on the daily chart as we have seen on 29-May-2020. In technical analysis, a shooting star is interpreted as a type of reversal pattern presaging a falling price. The Shooting Star looks exactly the same as the Inverted hammer, but instead of being found in a downtrend it is found in an uptrend and thus has different. 1) After the uptrend we have seen the shooting star candle on the charts. Means now it's bears turns to capture the momentum of the stock. 2) 2nd Confirmation given as the shooting star appear near the resistance zone of the stock. 3) We can put the stop loss at top wick of the shooting star candle. 4) Look see our Stop Loss is well respected & not even touched by any candle during whole trading session. 5) Stock falls & we can book the profit as per our reward to risk ratio. This idea is sharing for educational purpose only. Please note candle stick charts are not generating any trading ideas but increase the probability of stock will move as per our direction.
IShort
by Tech_stock_trader
IS BAJAJ FINANCE TRYING OUT TO COME FROM SELL MODE SEE !!OUTLOOK , TRADE AND INVESTMENT PLAN FOR BAJAJ FINANCE. 1. See when structure changes from impulse wave to corrective then once trader and investor favourite is now creating fear among invested people. That is what I say time to time that stock market is language of switching sentiments on spur of moment. I made a red channel whose lower band is not confirmed till yet Though I treat as a channel. Because of this structure. Right now price is taking resistance of white line. This can go to red upper zone where you will find channel upper band as resistance. 2. I showed two circles one green showing a shooting star candle with lot of pressure from channel upper band. Then you can see price drifted to down side . This candle is activated when next day closing is below shooting star. You can see white circle where an evening star pattern is made but not activated as next candle close is not above previous candle so it failed. And price moved down. The logic behind this explanation is to pull your attention towards shooting star message of down move which is still valid till price take out red zone . Price taken out and breach conditions are different my old followers know it very well . For new I attach the post so that this concept will be cleared. Since it is daily chart so lower time frame will be 4 hrs. 3. If red zone woks as resistance which i feel should work then you will see price coming to yellow support zone. If this is taken out then you will see price coming to lower band of red channel and white zone of upper end.This would be trade for this scrip in coming days. My sentiments for long will switch only when price takes out red dotted line where I showed green arrow. 4. For traders they have to follow lower time frames charts and positional traders follow 4 hrs and daily . For investors they should wait to come to yellow zone half should be invested here rest in white support zone. 5. Follow all conditions is must .This is no request one of my followers and dedicated to all traders and investors of this stock. Rest market will decide. note. All trading and investment positions should be taken from the consultant of financial advisor . YOGESH VATS
NSE:BAJFINANCEShort
by yvatsji
10
IS ASIAN PAINTS IN RALLY MODE OR READY TO FALL !1Brief Summary of Asian paints. 1. See this stock has completed its one leg of fall near 1440 . Second leg is going on . If the recent low near 1482 is structure changing point that is not confirmed yet , then it will cross the tough resistance at 1720. Other wise , The fall started near 1840 will continue . This upward move will be considered pullback if stock face resistance at current price. I circled green color move that is at resistance if it is pull back this should not be taken out on daily basis. Means can breach but next candle should not close above breached candle. Then this will become pull back and down trend will be resumed. 2. On the contrary if taken out condition is fulfilled then this pullback which I assume will become trend changed to upside. And long positions can be taken positional with the target of upper blue zone. 3. There is one red dotted line if this line is taken out then full satisfaction of down trend will emerge. In Fact if blue and pink resistance work then I will short for the target of dotted red line. Because the assumed pullback can convert its structure from that point to long. If that dotted line is taken out then you can see new low in Asian paints. 4. See up move in green circle showing price increase where as volume decreasing . It is at good resistance so this up move can be pullback. 5. Lower zone white color will provide strong support in any case down ward moves get confirmed by taking out red dotted line then this would be target of shorts. I explained every condition of trade if you have little part of basic understanding of stock movement and little knowledge of timing then can be fruit full either sides. 6. My personal biased is short till red dotted line. For Investors If red dotted line condition is fulfilled in down side then they should wait for investing till price comes in white zone. Otherwise can invest at red dotted line when condition show favor of long. Rest price will decide. Note. I am not giving any advice for trading or investing always consult your financial planner before taking any position either sides. Yogesh Vats
NSE:ASIANPAINTShort
by yvatsji
12
TCS LONG TRADERS BE CAUTIOUS SOON YOU WILL BE TRAPPED SEE HOW?Hi traders & investors, Tcs charts structure is showing sign of trapping upside for bulls. I marked pink box area where bears are letting price to visit that area. Then trapping will be done. In fact tcs is in impulse wave that will end near pink box. From there a correction of this impulse is expected to be seen which will take price to red buying zone. Few factors which give rise to this manifestation are as follows:- 1. TCS is trading in green dotted channel. Price is moving from lower end of this channel to upper end. 2. Volume is decreasing while price is increasing ,First sign of trapping. 3. At upper end of green dotted channel there is a strong resistance with the help of white resistance which is hard to be taken out, it can breach but not taken out. 4. Last volume candles are increasing that shows price will visit that area. All these factors convince me that traders are going to be trapped. For investors sit silent see all my manifestation .Is it going to be proved if yes then wait for your turn . Let price come to red buying zone. Then buy of course with stop loss .If there is condition of buying that zone should not be taken out can breach . Difference between breach and taken out for daily candle is price breach the zone in intraday its ok and come back into the zone by the end of day is called breach. It can close out of the zone at end of day. But next day that low of breached candle is breached again in first hr of trading and price do not come back whole day and close again out of zone then it is taken out. So investor before buying should follow this condition . Over all stock is in Re- accumulation phase will give good return in next 18 months. In short term it is trading in distribution phase that is why going to trap traders. 5. In any condition if pink color box is taken out then structure will change and price will not come back into red buying zone. stock market is game of switching of sentiments when stock change we should also change. Never ever take hope trades. Rest market will decide. YOGESH VATS Note. Before investment take your financial planner advice. I share my views according with my analysis.
NSE:TCSShort
by yvatsji
19
AXIS BANK IN SELL MODE HOW FAR IT CAN GO SEE YOURSELF !1Hi traders, In morning one of my followers who is long in axis bank and new trader , asked about my view. That time i replied on basis of bnf chart rather than axis bank. So I was worried for his capital ,therefore , spend hrs to analyze this chat for you and all who are trading long or going to invest in this bank. Please see carefully. 1. In this fig a red channel is seen where price is travelling now. In few days this channel is expected to break down side . As the last leg of selling has started that can take it to first target. May be in this journey price will try to take support at lower end of channel ultimately will travel to that destination in red color support. 2. In any case this gets break then last target of white support. I do not know at what price you are long . My last target is 230 . In near 2 to 3 months it will consolidate between 320 to 260. So decide yourself selling at existing price is good in your case or wait for next 6 to 7 months to recover your price. 3, For investors 240 to 270 level is good for investment for in 12 months can go to 500. This is my analysis before investing take advice from your financial planner . I may be wrong what I am reading now shared with you. That is why now in sell mode. Rest price will decide. YOGESH VATS
NSE:AXISBANKShort
by yvatsji
26
Nifty Recession Chart Bear Market Layout - Elliot WaveNifty Recession Chart Bear Market Layout - Elliot Wave Due to the ongoing pandemic, there is a massive movement in the economy leading to high chances of Recession. Similar to the 2008 market carsh. In 2008 market had a decline of 63% from ATH resulting in a huge housing market crash. It is evident that it takes almost 2 years for the recession period to recover. As per the chart info, Good time to enter the market is around 5000 - 6000 level. Also i suggest to enter short or exit market around 9000-10000 level, only if you want trade bear market and don"t forget risk reward ratio.
NSE:NIFTYShort
by Prasad1618
4