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Technical-analysis

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
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
WELSPUN INDIA LOOKS GREAT ON CHART.Welspun India has been forming a rectangle pattern for a year. It broke out recently, went up, and then retraced to its old resistance. This is a good chance for me because that resistance could now become support. The company's earnings and sales have been impressive, making it a promising option for a swing trade. We can target a 12% gain from the current level while setting a 10% stop loss. This setup offers a balanced risk-reward ratio of approximately 1:1 for the trade. Note- Do your own analysis, I am not SEBI registered.
W
by BullishLine
Remarkable Breakout in MPS LTD.Good morning Guys! Here is a potential trade set up for next week. Providing you some pointers for MPS LTD. >>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week >> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern. >> After witnessing breakout it has retraced back to its breakout zone and again bounced back as bulls got activated, it seems lot of juice has still left. Sales and profits are also looking promising. Now question comes, How to trade in this zone as it has already shown significant moves ? So, Checks these pointers out to understand it. >>Either we can take entry while it retraces back to its BZ level or it gives a good upward move after little accumulation. >>IF it comes back all the way to 1460 that would be our trigger point. >>Now in second scenario if it does not give a pull back then we will wait for little consolidation and if we find a sort of engulfing type green candle then also we can think of taking entry. STOP-LOSS. Now stop loss would be deferent in both the scenarios. First scenario: Buying at Breakout Zone- we can go with 5% of stop loss. Second scenario: Buying higher level- In this case we will have to with higher stop loss, that would be 12%. Targets totally depend on your patience level. If you find this analysis helpful, please consider boosting 🚀 it. If you have some suggestions and any question please post in comment section. Please note- I am not SEBI registered, so do your research before investing.
NSE:MPSLTD
by BullishLine
Revised Mid-Year Outlook ahead of Capitulation 14th of June 2022Previous forecast on BTC was obviously invalidated once it broke out of the wedge pattern which was being respected from January 2022 until early April. Whilst I am not a FA trader, the state of the global economy can simply not be ignored. Thus my guess is that we'll see a long bleed and eventual capitulation down to the 80-88% retracement level to safely say that the bottom is in before it continues its climb in journey of the next bitcoin halving, some time around The material I post is purely educational. I'm not influenced by anyone's bias or social commentary. I simply express my thoughts and opinions on the markets based on what I'm able to see that's mainly based on my ability to recognise familiar patterns and events, most of which comes from having spent more than 20,000 hours chart time charting and observing BTC's movements since 2017. As of the past year, BTC has enjoyed retracements to the 0.5 fibonacci level when viewed across smaller time frames despite preferring the golden pocket zone during it's previous halving cycle. Do you think BTC will ever make a new ATH again within the next 3 years? Leave your answers below.
BITSTAMP:BTCUSD
by Crypto_Sniper301
Banknifty 19th April 2022 - Intraday Trade Analysis Today, Banknifty opened gap down around 600 points and in the last hour it forms some green candles and close near 36700. Flat opening - If it moves up and go near 36900 and 37000 will look for selling on any negative price action. Sell on 5 min red candle with high of the candle will be SL and target will be 1:2. Gap up - Wait for negative price action near 37000. Will look for sell Gap down - 36500 will act as support so will wait for some retracement before selling. Thanks
NSE:BANKNIFTYShort
by iPrashantStock
What is Technical Analysis..?Technical Analysis is the study of price and trend changes in Commodities, Stocks, Futures and various other market instruments. The price changes are primarily evaluated by various indicators, oscillators or trading systems to give a trader an edge in trading. Technical analysis is not a perfect science by any means, but it does have certain characteristics, patterns or indications which may be repetitive or may be intuitive and tend to possess Zen-like predictability power. Technicians plot these prices and price changes on a chart and apply various indicators and studies to figure out potential supply and demand areas, trade setups, targets and stops to win. Technicians have developed various methods of representing market data on charts. The most extensively used charts are bar charts, line charts, candlestick charts and point & figure charts. There are many other variations like Kagi, Renko and Range bar charts. The most basic charts in technical analysis follow simple Cartesian structure (X&Y axes) to draw in 2-Dimensional space. On the X-axis (Horizontal), the time is plotted and on the Y- axis (vertical) the corresponding price is plotted. Any indicators derived from the time and price values, are either overlaid on the chart itself or plotted in secondary-graphs below and above the main price time chart. Some traders plot volume on the X-axis as a representation of market activity. Charts are plotted using various scales such as arithmetic or log charts. Arithmetic charts have the same distance between the prices where as log or semi log charts have a variable distance to represent the proportionate price movements. There are many facets in technical or chart analysis to understand and master. Price, Volume, and Time are the three most basic components of the market. Many successful traders only study price action to make money . Many other traders use complex mathematical theories and faster computer technologies to analyze and participate in the market action. Nevertheless, regardless of any trading theory or complex mathematical algorithm, the success in the markets lies with individual who can clearly understand the price-action and make the decisions to pull the trigger at the right time with excellent discipline . These individuals possess a higher understanding of market theories, market psychology and dynamics and money management methods and have mastered their execution skills. Charts, patterns, indicators and software are only basic market tools. Successful traders view them just as tools and understand the usage. They build a theory and trade with a solid money management plan.
NSE:BANKNIFTY
by SriTrader5121
1
Expecting retracement - Navin fluorineI am expecting retracement in NSE:NAVINFLUOR There are multiple reasons such as - 1. Navin Fluorine is at the Supply zone. The stock fell almost 18% previously at this zone , and we can again expect some sellers to build short positions. 2. Trendline resistance: We can clearly see in the chart that the stock face some resistance previously at the trendline. Yet again it's time to test the trendline. We already can see a red Doji type of candle. 3. Fib retracement: The stock is testing the 61% level of Fibonacci, and it already closed below the 61% level. We can see downside retracement up to 38% (3764) or 50%(3686) making it or targets 4. On 15 min TF, it broke another trendline ( made a new low after consecutive higher highs) and closed below. A gap down / Flat opening can present us good intraday shorting opportunity where the target can be today's low. (Should make LL on smaller timeframe) The trade only executes if it starts to trade below today's low (3915) . Now I can be completely wrong and the market may move opposite to my view, that's why we will use SL if we plan to enter the trade. Disclaimer: This is no trade recommendation and the only reason for me to post this is for educational purposes.
NSE:NAVINFLUORShort
by Dailybulls