Metal index nearing to support zone
time to exit short position from metal stocks
and focus on going long around demand zones
parallel channel demand zone
symmetrical triangle support
horizontal demand zone
let see whats in store..
keep learning, dont depend on others
Finolex Cable spot CMP : 455
Study :- Price action + chart patterns + Elliot wave
Time Frame :- Daily
There is Rising channel formation, currently price is around the demand line of long term structure, on smaller range of time frame there is formation of symmetrical triangle formation, which have demand line around current levels. so there are 2 structure...
Today after the days closing NESTLE got me a profit of $5.87 in Paper Trading though, but I believe this won’t stop until I get 3% returns. I got a very nice trade which was predicted by me days ago.
You can see that in my ideas…
NSE:NESTLEIND
Harmonic pattern formation
Chart pattern formation :- double bottom, symmetrical triangle formation
divergence on rsi..
Waiting for price action confirmation
lets see whats in store,,
learning is best thing to do in life... we all are students of market, dont skip learning
I spotted a symmetrical triangle in 1 hr timeframe @ JSWSTEEL. The Lower Hoghs and Higher Lows indicates a perfect Symmetry Triangle. Tommorow if it opens with a gap up or a breakout it would be a great Longing opportunity or vica versa…
NSE:JSWSTEEL
A symmetrical Triangle breakout in Indigo after a good consolidation. I have represented the trade with a possible 1:2 on the long side.
Kindly note that this is not a recommendation but only for knowledge purpose. If you trade, its your responsibility to manage it.
BTC has been trading inside a symmetrical triangle for the last few weeks. If it breaks upside, 90K$ will be the target as per the Flag and Pole pattern. However, If it breaks the downside, a retracement up to 50K is expected.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
BTC formed a symmetrical triangle on 4H timeframe and currently it's retesting the support. On chart I have drawn some levels and have given the appropriate heading, so I thing it's very clear what I'm saying.
Target - approx. 68k
I have another idea on 1H timeframe.
Bitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably.
If we break up the technical target is around 68K, if we break down the technical...
Kindly note, this is only for educational purpose. If you decide to take a trade based on this analysis, kindly be responsible yourself or take advice from professionals.
BANKNIFTY is trading in a narrow range and forming a triangle pattern which usually breaks out on the higher side. If that happens, it will easily kick 500 points.
Keep an eye
EXPLANATION : This is a 15 min time frame chart of BANKNIFTY . It has been in a consolidate for days and has formed Symmetrical triangle pattern . If give a strong breakout and broke its trendline with volumes and has retested the same. I am bullish on BANKNIFTY . If give a strong breakdown and broke its trendline with volumes and has retested the same , I am...
