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Technical

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
Ideal setup for swing trade with multiple buy signals - AlcargoRead the chart from left to right for a clear understanding. Stock: Allcargo Trade type – Swing Buy level: 348.10 (above breakout candle) SL: 318.75 (below the breakout candle) Target: 398 Risk/Reward ratio: 1.7 The setup uses price action and two indicators – RSI & MACD for confirmation of the signal. Chart formed a Gap on 02nd November. Gaps are formed due to strong buying/selling interest. These gaps are considered to act as strong support levels on the chart. Rationale behind the bullish view: - Price recently took support at the gap range and reversed its direction and started making higher highs and higher lows. - The latest Strong green candle accompanied by good volumes broke out above the previous high. - Price making lower lows but RSI making higher lows. This is a positive divergence indicating buying interest - RSI above 55 and trading above its EMA indicates buying strength. - MACD crossed over the signal line confirming the trend. Taking the trade: - The buy level is slightly above the breakout candle. The buy trade can be executed on an hourly timeframe if the price sustains above the breakout candle high. - If the trade works out as expected, Although the target and SL are fixed in this trade, both should be shifted up when the price makes a higher high and higher low. - Strict stop loss should always be followed for risk management. This is not a buy/sell recommendation. I'm posting my analysis here to track it and to learn from the community. Follow me if you like my analysis. More detailed trades coming up.
NSE:ALLCARGOLong
by Sai_Kumar
2
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
AMIROG Bound Range AMIROG stocks are range-bound from 11th Jan 2022 to the present date and it should be continued for March also. This is a better chance to short AMIROG Stock for handsome profit otherwise market is very volatile these days. AMIROG is traveling in a range-bound of average 140. It causes loss for Intraday traders and is best for swing trades to short. It will be a golden opportunity to make themselves portfolios again green and some happiness their faces. Thank You Guru Ghantal Omkar
NSE:AMIORGShort
by omkarstudy2019