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IREDA Analysis!NSE:IREDA Analysis on a Daily Timeframe! Triangle Pattern Formation in IREDA! Triangle Pattern Breakout in IREDA! Analysis: As we can see the stock in moving in a triangle since December 2023. It was continuously consolidating in it. On 27th June it tried breaking out the resistance but unable to sustain above the resistance. Today again it has been successfully given the breakout and able to close above the breakout. As i marked all the important levels on the chart please have a look. Trade Setup: Entry = Current price level is good to Enter Key Level = 214.80 This is the All Time High Level, Price may reverse from this level but if it breaks, will the major uptrend Target = 455.85 Stop Loss = Below 173 or as per your Risk To Reward Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:IREDALong
by Avinash9087
4
Day 31 of Live Algo Day Trading JournalDay 31: Day opened bullish, my stock opened and immediately ran up to its high point. Algo did not trigger as it is deisgned to get in on a pullback. Got an entry; market tried to cheat but could not succeed and was saved. However later on the market cheated and threw me out with a minor profit. Algo again got triggered but in the wrong direction, suffered small loss. Third time algo got triggered but came out at parity. Progress : Did not do any manual trade today even when felt like taking a bullish position manually(in hindsight looks like I was correct), but idea is to build the habit of only algo trading, no manual trading, so good, did not get into temptation.
NSE:INDUSINDBK
by Hiren1
IGL, Important levels to ConsiderHello traders, Thanks for your support and love. Recently I got some questions on IGL, some of them are interested in bottom fishing and others want to accumulate at these levels. Before we start our analysis I like to declare that "I am holding this stock (IGL) in my personal portfolio.". Let's start our technical analysis. Time frame: Daily Chart type : Heikin Ashi Indicator: GMMA, RSI Important Levels: Marked on the chart As we are already 33% down from its high which was in September 2021. But this correction of 33% is very systematic and also I consider this as a good "Time wise correction". This stock respects the technical structure very well, I mean to say that the price follows the right charting behavior which is easy to analyse. Recently we have a strong breakdown in the structure of Heikin Ashi and a negative crossover in the Guppy's indicator which indicates a strong downtrend. But this break of structure happened just near the support zone and we see the price is consolidating at these levels but no sign of reversal. Also the relative strength index breaks down the level of 40, which is a negative signal. From some other technical aspects I think the price could experience high volatility in the range of 400 to 390 and 390 to 380. So, my dear traders wait for the price to settle down. But keep this stock on your radar and keep tracking the price, soon we get the right opportunity to enter. I will keep posting the daily update on this stock so stay tuned. Happy trading. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Thanks Er. Simranjit Singh Virdi (Independent Trader)
NSE:IGL
by ssvirdi
CHF Loses Ground After The SNB Rate CutToday, the Swiss National Bank cut its interest rate, dropping from +1.75% to +1.50%. Last time we saw any changes made in the rate were back in June 2023, when the Bank lifted the rate from +1.75% to +1.50%. After the release of the news CHF devalued against all of its major counterparts, even against the currently-weak USD. Looking at the technical picture of EASYMARKETS:USDCHF on our daily chart, we can see that the pair popped higher today after the SNB release. The rate rose above a key resistance barrier, at 0.8886, which is the highest point of February. As long as EASYMARKETS:USDCHF continues to trade above that barrier, we will stay positive, at least with the near-term outlook. Given that the pair had already reached and overshot one of our key resistance areas, at 0.8954, we will continue aiming higher. That's when we will target the 0.9052 obstacle, or even the 0.9113 level, marked by the highest point of November 2023. In order to shift our attention to some lower areas, a break of a short-term tentative upside support line taken from the lowest point of December 2023, is needed. This way a directional change of the current uptrend may occur, possibly inviting more sellers into the game. EASYMARKETS:USDCHF could then fall to the current lowest point of March, at 0.8730, a break of which may set the stage for a move to the 0.86500 area. That area is marked near the inside swing highs of January 29th and February 1st.
by easyMarkets
GSFC Analysis(Descending Triangle)!GSFC Analysis on Weekly Timeframe Descending Triangle Pattern Formation in GSFC on Weekly Timeframe! Descending Triangle Pattern Breakout on Upper Side! Bullish view on GSFC! GSFC has made Descending Triangle Pattern on Weekly Timeframe. GSFC has given a huge breakout on the upper resistance trendline. We should wait for retest because we don't want to buy it at higher price so we are waiting for a decent retesting. We can see a huge breakout volume so we need to wait for the volume adjustment for avoiding the breakout trap. Trade Psychology and setup = Entry = After Retesting between 147.10 - 153.30 Target = Target will be 241.40 Stop Loss = Below 122.35 Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:GSFCLong
by Avinash9087
5
Gati Ltd - A Morning Star pattern perfectly formed on support.Swing - 113 to 177 Shallow Pullback - 38.20% retracement level Chart Pattern - Morning Star The price takes support from the level of 150 which is a 38.20% Fibonacci retracement level. This level is considered as a shallow pullback. And the price formed a morning star pattern on this support level. This type of structure indicates the start of an uptrend. 1st Resistance - 160 2nd Resistance - 177 These levels can be considered as targets. Hit the like button!! Show some energy!! Thanks Er. Simranjit Singh Virdi
GLong
by ssvirdi
Technical Analysis for Nifty50 for Tomorrow**Technical Analysis for Nifty50 for Tomorrow - September 25, 2023** **Overall Outlook** Nifty50 is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 19,700, then the 19,600 level will act as a support. On the upside, the resistance levels are 19,800 and 19,900-20,000. **Support and Resistance Levels** **Supports:** * 19,600 (strong support as per OI data) **Resistances:** * 19,800 * 19,900-20,000 **Trading Strategy** * **Buy:** If the market trades above 19,800 and closes with a 15-minute green candle, then a buying side movement can be expected. * **Sell:** Wait for a breakdown of 19,600 before selling. **Note:** Please follow price action and wait for opportunities to trade. **Additional Comments** * The global markets are negative due to concerns about rising interest rates and a potential recession. * Nifty50 is a broad market index, and it is sensitive to global market trends. * If the global markets continue to remain negative, it could weigh on Nifty50 as well. * However, if the market opens above 19,700 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal. * Traders should carefully monitor the price action and wait for opportunities to trade. **Disclaimer:** This is just a technical analysis and is not a recommendation to buy or sell any security. Please do your own research before making any investment decisions.
NSE:NIFTYShort
by santubittu