After a huge fall from 763 levels in Feb to 284 bottom levels in March, Axis bank is probably heading upwards.
As marked in the chart initially 447 and 487 in later stage would be key levels to look for.
I'm bullish on Axis bank above 447 levels. 487 would be the first target to look for.
MGL has formed a large body candle the previous day followed by a small range DOJI candle on daily timeframe.
The price is moving along a rising trend line & price is currently at the trend line.
The next candle may give a fine move on any side, either respecting the trend line and breaking above or breaking it below.
Long above 1014
Short below 991
SOMETIMES WE TRY REALLY HARD TO SELECT STOCKS FOR #investments AND FOR #trading
BUT LOOK AT TRENT CHART STRUCTURE FROM LAST 10 YEARS.
NO INDICATOR, NO OTHER ANALYSIS WAS REQUIRED
#NIFTY #StockMarket #stockstowatch #niftywizard
On Sunday, during our weekly analysis we anticipated a high probability of a short term bullish move up to the structure at 107.30-107.50 where we have monthly Support S1 located. This structure was very strong in the past so now after testing this area, this time from below we may expect a move down to at least 106.00 area. At the 4 hours chart, at the moment of...
UPL Positoinal Buying Opportunity Based on coming off long term support structure with bullish breakout which sustained even when index was sliding down.
Good RISK TO RERUN RATIO. I Ideally play 1:3 return so i dont mind losing some trades. This is an aggressive trade.
FOR EDUCATIONAL PURPOSES ONLY.
I always love to trade such a chart but on 5 min. time frame :) Not possible ?? Yes, its possible.. but we will discuss on this topic later in some other post.
CORRECTIONS and the ELLIOT COUNT:
In this chart I can see three major correction. Each one having a different topping pattern. The first correction has a Rising Wedge; the second has Triple Top and...
Classic definition of a bull market is the market having a structure representing higher lows and higher highs . But when the market breaches a significant swing low, it also breaks the bull market structure.
Why are Swing Lows important?
While most of the long to medium term smart bulls enter at swing lows, many swing traders and medium to long term investors...
NSE:PNB is showing good market structure with rising volume on up-moves. * See those green volume spikes.
Short-term target would be intermediate resistance of 129.
Stop-loss would be a good trendline break.
With the FED Rate announcement just a day to go, EURUSD is approaching the sell zone. Although the move to the upside form now is really strong, we need consider that it is in a range and within the range, both the up and down legs are impulsive in nature and we cannot ignore the previous down leg and the larger trend on the chart. This gives us the most probable...