Supportandresistancezones
WIPRO - SWING TRADE - 23rd December #stocksWIPRO (1W TF)
Swing Trade Analysis given on 23rd December, 2023 (Saturday)
Pattern: RECTANGLE BOX BREAKOUT
- Breakout of Resistance - Done ✓
- Volume Spike near Breakout - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #wipro
Best buying level in Asian Paints !Asian Paints stock is making ascending triangle and in the pattern stock is making falling channel
Also Wekkly RSI is around the support which says we are around the support
Stock has strong support around 2800-2850
Also stock never breaks the weekly strucuture
we can see huge bounce from these levels
One can expect to give returns of 30-40% in coming weeks
Thank You !!
SOLAR INDUSTRIES - Swing Trade - 5th March #stocksSOLAR INDUSTRIES (1D TF) - Swing Trade Analysis given on 5th March, 2024
Pattern: ASCENDING TRIANGLE
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #SOLARINDS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
NIFTY50 WEEKLY ANALYSIS - 26th February #indicesNIFTY50 Update (1W TF) - 26th Feb, 2024
- The Price Action structure still looks intact for a further upmove
- There will be a slight retracement to take support before the upmove
- The lower trendline will act as a major support in case of a correction
#nifty50 #indices
FASP levels for Nifty 13/03/2024The FASP for Nifty is listed for 13-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
SIEMENS - Swing Trade - 11th February #stocksSIEMENS (1D TF) - Swing Trade Analysis given on 11th Feb, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Buildup, Retest and Break - Done ✓
- Retest & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #SIEMENS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment
CONCORD BIOTECH - Swing Trade - 25th February #stocksCONCORD BIOTECH (1D TF) - Swing Trade Analysis given on 25th Feb, 2024
Pattern: RECTANGLE BOX
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #CONCORDBIOTECH #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
PVR INOX - Swing Trade Analysis - 9th March #stocksPVR INOX (1W TF) - Swing Trade Analysis given on 9th March, 2024
Pattern: AT MAJOR WEEKLY SUPPORT
- Volume Buildup & Spikes initiated at Support - Done ✓
- Demand Zone Retest & Consolidation - Done ✓
- Stock is back to the Support since May 2023
#pvrinox
BHARAT ELECTRONICS - Swing Trade - 7th February #stocksBHARAT ELECTRONICS (1D TF) - Swing Trade Analysis given on 7th Feb, 2024
Pattern: FALLING WEDGE
- Back at Support / Demand Zone
- Wait for EOD candle for small RR
- Mandatory to keep SL in play
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #BEL #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment