Support and Resistance
MY favourites 4 investments! #CHEVIOTsee immense potential in the following stock , with a potential to deliever great returns , as due to political decision of plastic ban .. that will likely t be followed by different government as well in near future !
INDUSIND BANK LOOKS GOOD TO SHORTWe can see the HH and HL fromtion in the past but also there is a lack of momentum to going up and we have got our first LL,Now we need a LH for enter in the trade.
HINDPETRO REPEATABLE PRICE ACTION FORMATION I always wait for this kind of price action formation because its very simple and also very common pattern in the formation of HH HL, There is a Trendline acting as a support, Now I need a break of counter trendline to take a trade.
NIFTY: What's NEXT? Spot & FUT important Level for 10/07/2018Modified Nifty Fut Levels plotted on Chart.
Crucial Levels to Watch: Mentioned "TFZ / HZ #2 -> 10915 - 10899", Optimum Level 10931.
Education Purpose Only.
5 year weekly chart - support and resistanceTrying to find strong support and resistance levels of Dalmia Sugar. If it goes below 52-50 we might see a more downtrend by if it crosses the support (intermediate) of 90-95 levels then it can go up.
Learning the support and resistance so thought to try it out on a cyclical stock
BANKNIFTY: At a Glance Weekly & Intra(26/06/18) FUT+ Weekly Spot...... Spot & Future Intraday, Future Weekly Levels
Plotted & Mentioned on chart.
Trade as per Specified level with description.
FUTURE Trader must take position with Hedge strategy.
Disclaimer: Information given here, Study/Education purpose only.
For taking trade decision Consult with your Financial Advisor.
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Nifty Range Levels for 6th JuneNifty Range Levels for 6th June based on daily price action
Please use this chart in coordination with this earlier chart I posted which is based on a wider range of price action:
Nifty Ranges valid from 4th-8th JuneNifty Ranges valid from 4th-8th June. It is a wide range so trade carefully.
I have displayed 4 hour candles in the chart so the entire range is visible and yet the candle movement too can be seen on a day to day basis.
Also the Ichimoku Kinko Hyo should guide viewers about the bearish/bullish price action in the 4th-8th June trading week and accordingly set SL and targets based on the range levels.
As the week progresses you may have to press the button and adjust the zoom levels of this chart to clearly view the price action.
High Probability Ranges - Valid from 30th April - 4th May 2018
These are the results of some range calculations I have been using regularly for some months. These Fibonacci based ranges work for any candle duration.
The present calculation is based on price action of the week April 23rd-27th 2018. Valid from April 30th-4th May 2018
VIJAYA BANK- COMPOSITE OPERATOR'S HEAVENThis is a case study, which is a part of my learning experience for future records
No investment...
not an investing/trading recommendation
details of the small accumualtion and distribution and further time line to b updated below and continued as a study
For reference, this is 1994 edition of Jim Forte's "anatomy of trading range"
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For redistribution in specific , i love these wonderful blog posts of Bruce Fraser
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Ultratech cement- the big becoming biggerthe markup target has been derived from this point and figure chart..
This is a classic case of stepping stone reaccumualtion
there is one prior reaccumualtion which needs a special study as a case
will be updating below
Disclaimer.. Not invested, Not an investing / trading recommendation
INDUSIND BANK Wyckoff Reaccumulation - An lovely case to studyNSE:INDUSINDBK BSE:INDUSINDBK
the markup will require time to build up, the Bank nifty index over all showing a lot weaknness at resistance...
So this might be an excellent posiiton to accumulated and add, taking advantage of the short term market weakness ..
the markup target was derived from this Point and Figure chart ...
for reference on wyckoff schematics this famous text by Jim Forte "anatomy of a trading range " can be used..
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Disclaimer.. not invested, not an investing/trading recommendation
HAVELLS support. Gonna go up!As there is a support noticed for HAVELLS as given in the chart, possibly going up and possible target would be ~630 - 640.
CMP 621.85
This is just for my reference!
lEARNING WYCKOFF METHODS-Case examplesSubsequent time line of event will be updated below
Disclaimer- not n investing/trading recommendation
IDEA cellular , levels for april.need to watch result of airtel on 24 . and also track that on daily basis to trade this stock ..!
doji it may now take support around 138 i am analysing the price action in the range it has formed now. series of pinbars at the bottom of the range of 130 and then 14% gain in two days followed by two days price running around that price forming pin bars and then third day collapse like building to the bottom and 4 days of price recovery at the bottom and again 14 % of s gain, if someone would have played this range, omnne could have made 45% of money in two weeks, isn,t interesting play?
i feel the play starts from 138 to next range of 157. if you are intellingent or know tactics to buy at the lower range and play for the next range then you can make money. on weekly chart it has moved away from the trendline so praobably to catch up with the weekly trendline the play will be on for the next range, this play may not be as swift as the one you have seen. watch out for the price action, i will update my observations
