Mid-week Nifty plannifty been consolidating in a broad channel of 17400-16800. I will trade rest of the week according to these levels marked on the chart itself.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Supply_and_demand
TIMETECHNO | Range breakout - Looks good for doublingTIMETECHNO | Range breakout - Looks good for doubling
CMP : 99 (Dip : 90)
SL : 80
Target : 160, 210
Consider deploying a small amount for doubling in few months.
Long Term Debt free FMCG Stock This stock was in downtrend after July 2021 because FII & DII are selling there stake also profit booking as stock has given good return more then 100% in a 1 year.
Bajaj Consumer is a very Old company. It is Debt Free. It is one of the best stock in FMCG sector.
Right Now stock trading between 175-180.
In march 2022 ending & April 2022 first week during this period the volume has been increase so may be new buyers are buying this stock.
So There is good chances that within few months this stock can give 20-25% in short term, while in long term this can give return of more then 30-40%.
On daily time frame the stock in trading above 50 EMA, in short term this stock will trade above 200 EMA so there is good chances that this stock can give a good return.
Target Price is mention in chart.
This is just for educational purpose.
Happy Trading :)
INDUSINDBK | Channel breakout + 200 EMA breakout + Potential 25%INDUSINDBK | Channel breakout + 200 EMA breakout + Gap Filling opportunity - Looks potential for 25%
CMP : 987
SL : 930
Target : 1230
1:4+ risk reward setup
Nifty 50 Daily Chart Analysis | Price ActionNifty is forming a cluster of both a supply zone and Fibonacci retracement level from 17320.20 to 17408.45. Nifty rejected cluster and close below that level on the Last trading day.
But if you look at the trend line, Nifty has broken the bearish trend. So it is difficult to know whether the market will respond to the cluster or break out of the trendline.
That's why the level from 1732.20 to 17408.45 will be important for us.
One can see Bullish run on its breakout and Bearish run on its rejection.
Thank you
Gold ShortFallGold's current price is near the Weekly SZ + Daily SZ + Weekly RTL.
Weekly RTL is multiple times tested but still may not succeed in breaking the HTF SZs.
Gold may react from HTF SZs & can test 1810-1807 levels.
On 4Hrs TF, If it succeeds to fall & close below 4Hrs STL then check for Increased volume, No opposite side reaction.
TRENDLINES & S/R ZONES WORKS VERY WELL (EDUCATIONAL)Hello Friends,
Trendlines are one of the best part of technical analysis, see how resistances turns into supports, and supports turns into resistances.
One can start with practicing with Trendlines...!
1) Trendline is the base for all the technical patterns. So pls start practicing drawing trendline charts and then slowly move to next patterns.
2) Practice only few patterns and master in it rather than trying to learn all the patterns and techniques.
3) I would like to mention the quote of Bruce Lee here.
"I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times".
4) Do more and more practice on charts, more time you spend on charts, more friendship they made with you, you'll be able to understand the language of charts, because chart says everything...!
5)Best learning comes out of practice you do everyday and then you apply it in real market.
6) Books knowledge will not be use full, if you don't practice it particularly in real market, because it involves lots of emotions.
7) Spend at least one hour per day in identifying chart patterns and preparing your own charts.
8) Track your charts, Understand how the price moves once the support or resistance is broken.
9) Understand which method gives you better success rate and focus on it more to improve further.
10) Believe me, Nobody can stop you.
some examples are shared below
nifty spot chart example
gold chart example
silver chart example
techm chart example
