RELIANCE Levels // 15 MinReliance Industries has been following 87-period time cycles on the 15-minute chart quite effectively. Combining these time cycles with price action provides a powerful setup for understanding when to take trades. Let’s break it down:
Time Cycles: The 87-period time cycles on the 15-minute chart indicate that Reliance Industries tends to turn upward after every 87 periods, resulting in significant trending moves. This can be a valuable tool for intraday traders.
Price Action: By analyzing price patterns and candlestick techniques, traders can enhance their understanding of market dynamics. Remember that focusing solely on prices or indicators without considering time can lead to failed breakouts.
Application: While this technique works well on the 15-minute chart, you can also apply it to daily charts or higher time frames for more substantial moves.
Technialanalysis
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Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
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Granules long opportunityNSE:GRANULES
Stock -> Granules
TimeFrame -> Weekly
Hello all!
Granules has been forming a flag and pole pattern.
It finally broke out of the flag in the last week of September with heavy volumes and I believe this generates a good opportunity to go long!
There are multiple other factors that strengthen my conviction on going long
-The stock is taking support from its 50-week EMA
-Stock has support from both 50 and 200-day EMA
-Flag breakout occurred after a strong bounceback from the Fibonacci golden zone.
The Risk to Reward ratio is also decent.
*NOT A CALL*
Disclaimer: Markets have been behaving a bit jittery. Hence it's advisable to trade with a smaller quantity than usual and maintain a strict stop loss.
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ICICI BANK: Correction Ahead Indicator Analysis:
Prices were trading in an uptrend making higher highs and higher lows posting a high of INR 936.65 on 15'Sep'22 and subsequently retreated back on the same day forming a Hammer Candlestick pattern. Post that prices witnessed a selling pressure and broken the rising trend line established from Jun'22 low of INR 699.95 and currently trading below its 13-Day and 40-Day exponential moving average. The momentum oscillator Stochastic (13,8,5) has given an negative crossover and turned bearish while RSI (14) hovering around its 40-region.
Based on these observations prices are likely to hold below 900 region and continue the correction towards INR 800 and INR 775 (where 200-Day exp-moving average is also placed) in the coming 2-3 weeks.
Elliott Wave Scenario : Prices have concluded a five wave impulsive structure at INR 936.65 from Jun'22 low of INR 699.95 and subsequently undergone into a corrective structure trading below Fibonacci 23.6% retracement level. As per the current structure prices are likely to fall in a three wave corrective structure towards INR 800/770 which is also a Fibonacci 61.8% retracement level of the prior rally.
Hence, any recovery from the current level is likely to hold below INR 900 and lead the prices for downside correction towards INR 800 and INR 775 in the coming 2 to 3 weeks.
BOSCH limited | big volume |30 % profit 🎈NSE:BOSCHLTD
Positional Trading opportunity ! Weekly Chart Alert !
Technical Reasons to trade :- 🧢
1> Big breakout
2> Huge volume breakout
3> trendline resistance mentioned
4> Retracement areas are shown through arrow
5> obvious support & resistance
6> RSI trend breakout
--CMP =13190
--Lot Size = 50
--Target = 17300 ( 30% )
--stoploss = 11175
--R:R = 2.2
Guys check out the related ideas as well, it will work really well guaranteed !
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Ashok Leyland: Parallel ChannelAshok Leyland price in consolidating in a rising parallel channel. Right now price is trying to take support at the lower side of the channel. If it breaks this level then there is immediate support available @ 120-122 which has already pushed the price back up multiple times.
Analysis of JSW STEELCHART ANALYSIS OF JSW STEEL
Chart Analysis :- On Hourly TF of JSW Steel we can see Stock is making symmetrical Triangle pattern which is Bullish pattern . Currently stock is in consolidation if it gives breakout from upper trend line of triangle with a good volume then we can see our expected targets. We can confirm our entry with help of indicators .
• RSI is consolidating above 50 levels
• ON DMI DI+ line is above the DI- line and ADX is also supporting with 24 levels.
• MACD is consolidating and above the Break even point
Entry point- 710 - 712
Target -
725
736
771
Stoploss –
• 692
Disclaimer :- I am SEBI registered Analyst , I can be 100% wrong please do your own research before investing.
XTZ/BTCIn weekly time-frame we can observe the price fell from ATH breaking all the support zone and is currently forming a proper DOUBLE BOTTOM (W- pattern). From here on, there are possibly two scenarios that can take place, first the price surges from here following the W pattern to the upside (Lvls mentioned in green) and second after reaching the highlighted area in ORANGE it bounces/retraces back to the Support Zone and possibly make a TRIPLE BOTTOM pattern and then continue the upside move.
For educational purposes only (DYOR).
BINANCE:XTZBTC
Indus Tower | Long term Trendline Break 🎯⭕ Positional Trading opportunity ! weekly Chart Alert !!! ⭕
--Buy above =256.90 or CMP
--Target = 297.35 | 330.90
--Stop-loss = 232.30
--R:R = 3.01
--Expected Profit = (28 % )
--Expected Holding = 1-3 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Trendline & resistance & 200ema Breakout
2) Volumes are okay
3) Bullish candlestick pattern
4) Targets are based on resistance zones
👇👇200 EMA breakout 👇👇
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
Eicher Motors | Head & Shoulder patterns | 2 Hrs NSE:EICHERMOT
Swing Trading opportunity ! 2 Hrs Chart Alert !!!
--sell below =2502
--Target = 2401 | 2349.40
--Stop-loss = 2583
--Lot Size = 350
--R:R = 1.88
--Expected Profit = 50.000+ ₹ per lot ( 6% )
Technical Reasons to trade :- 🧢
1) head & Shoulder pattern formation in eicher motors
2) Neckline break with volume & retracement is also done
3) candle wicks on the upper side is very large ...more selling pressure
4) All the possible support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will work really well GUARANTEED !
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JSWsteel | Tredine Break with bullish candle || 30 min NSE:JSWSTEEL
Swing Trading opportunity ! 30min Chart Alert !!!
--Buy above =364
--Target = 373
--Stop-loss = 360
--Lot Size = 2700
--R:R = 2.22
--Expected Profit = 24,000 ₹ per lot (2.47 % )
Technical Reasons to trade :- 🧢
1) jswsteel break the trendline with volume
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Uptrend Is continuing and Trendline break
4) All the possible support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will worked really well !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !