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Technical Analysis

IRCTC – Stellar Debut -The Next Station Please?Last Price@718.50 - 15th Oct 2019 IRCTC which is a very common name across India because of their strong brand placement offering online bookings for Indian Railways got a stellar opening on the domestic exchanges yesterday. Similar to an experience of products like Colgate, Amul, etc– I still remember childhood days when we used to ask shopkeepers, not toothpaste- “Colgate Dena please” & “Amul butter hai kya”. You being a tech-savvy & use the internet for everyday use, you are most likely to refer IRCTC for rail ticket bookings. IRCTC also provides catering services and packaged drinking water in railway stations and trains apart from selling rail tickets online. Given, a stellar opening for the stock on domestic exchanges, Investors would be interested to know the next stop for IRCTC. Technical Outlook Technically, stock post listing made Intraday high of 746 & doing sideways between 700-750 zone. Holding 700 or slightly below on downside, the stock is expected to travel to new highs above 750. We look to book profits in 825-850 zone & above 850, upside extension could be 950-1000 levels. Don’t ignore the downside of the stock which is 700 – dropping below key level & failing to bounce above the level of 700, can push stock lower to 650 & more on downside. Have a safe & happy journey!!!
NSE:IRCTCEducation
by WaveTalks
16
E- wave or Extradition Bill -Hong Kong- Is it too late?Disclaimer All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Trading Strategy Daily Outlook Index is close to the current supply zone 11025-11050 & this zone acted as supply zone even earlier so we need to be careful. Any upside extension can be expected once index sustains above 11050 where It has scope to travel upside in 11100-11125 & it shall face key resistance zone of 11140-11150. Few confirmations required for short term trading Trade below 10950 Break of the rising channel which holds – “wave-e” Initial clue confirmed with bearish Candlestick pattern- Evening Star Weekly outlook – Bearish Till Critical Level of 11200 acts as resistance (holding stops above that level) our downside objective – 10750/10630-10650/10580/Below 10580 for 10525-10535. Don’t forget to tune in the next video idea – on “Gold at 15K– Raising Mercury Level’s ”
NSE:NIFTYEducation
by WaveTalks
103
Tata Coffee-Enjoy the Coffee in The Cup Thanks for your precious time & do put your feedback below in comment section - I would love to hear from you. Most of us can learn as well - ----------------------------------------------------------------------------------------------------------------------------------------- Correction - Sorry using "circular shape" over the video - Its a curve shape from 168 to 185 - silly mistake -happens. ----------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Plan A - 19:57 Hrs / 14th March 2019 Last Price@95.35 Buy If you get dip somewhere close to 90 & 85's - obviously you should throw away the cup if 80 gets broken that should be understood. Target 1 120-140 Target 2 Above 140 - 175-185 Target 3 Above 185 - It should not move below 175 post crossing 185 highs then look for 250-280's as suggested over the video. ------------------------------------------------------------------------------------------------------------------------------------------- Image of the Coffee on 26th Aug 2018 Enjoy the Coffee in The Cup - With Double Bottoms@80 Cup & Handle Pattern A cup and handle price pattern resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern typically has low trading volume, and may be as short as 7 weeks or as long as 60-75 weeks- roughly a year and half. The fall from 185 in Nov 2017 shall complete a year in Nov 2018 so that would be the period or time zone plus couple of months more- one should be alert as its aroma could spread across the globe & everyone would be interested to take a sip. Cup and Handle Stops and Targets A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout. Successive breakout zone shall be above 175-185 & I am taking conservative target measuring 85 points which is depth of the cup above 168-170 zone or above 185 as shown over the video, which gives a roughly target zone of 250-280. Once it breaks out & above 140 key level –make sure it never returns back below 140-135 zone else that could be risky. --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Suggested on 26th Aug 2018 --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Long Term Strategy Plan A – Wait for the stock to cross 140 & upper trendline of the handle & maintain stops below 135 once it crosses above 140 – Target Zone -175-180 & Above 185 – as 250-260. Plan B - Look to buy above 175-185 zone & keep in mind –price should not dip below 175 after crossing the zone of 175-185- Target Zone 250-260. Plan C - Plan to buy in 80-85 zone with strict stops below 80 – if goes below 80 –Throw the broken cup. Short Term Strategy Plan A – We look to sell from 115-117 zone with stops above 118.50 for target 112 – 106- 101 Plan B – Buy above 118.50 for 121-123 zone - book & out. Plan C – Sell from 122-125 zone with strict stops above 128 – Target zone -118 -112-106 - 101 --------------------------------------------------------------------------------------------------------------------------------------------
TEducation
by WaveTalks
10
NZDCHF#2 Being new to tradingview and not able to post previous chart when I entered long on the script, i will make sure I will keep uploading charts whenever i feel the set up is good. Anyway, lets begin. Why i entered? - "Well, the price has been on bearish trend. When the price before the entry tried to break the resistance but couldn't do it. But later, when i had patience, i observed that the price has closed above it. I quickly noted the following: Confluence no.1: The price finally after first initial try,broke the resistance and closed above it.The breakout of high was my entry. Confluence no.2: The price was consolidating nearly and not letting the seller push down the price. Confluence no.3: The price on daily chart is respecting the fibLines. thus i managed to enjoy a good risk:reward. :) Stay blessed Stay happy Stay Humble.
Education
by saahil_nfx
Technical Analysis: For AnticipationThe very basic foundation of technical analysis is 'anticipation'. The anticipation could be based upon historical facts or data. On the basis of assumptions drawn from the historical data we can predict the future course of action, or at least try to do so. The anticipation, however, could go wrong if data is not backtested. The anticipations based upon properly backtested data can result in to high probability opportunities. I would let the discussion open for the readers and get on to the Nifty charts. The current Situation: In previous posts I mentioned that the 9950-10050 zone may act as a strong support. Nifty bounced right from 10004.55 and has been trending higher since then. Last week it had a dip below the 10440 swing, but buyer managed to hold the pullback and pushed Nifty back to 10800. We all know how impulsive this rally was. Due to this impulsive nature I expect continuation, perhaps up to 11090 -- the fib. level which also retests the blue trend line. We may face reaction from those levels. If we manage to continue higher this week, most of the bears trapped below 10440 will get stopped out above 10840 or 10950, resulting into high level of volatility. Head and Shoulders Scenario: At present this scenario is purely hypothetical. It suggests that we are in a right shoulder phase. The HnS will get a tentative confirmation below 10333 bear trap low and will be confirmed (as most of you must be knowing) below the neckline. In that case, I would expect a deeper bear market and will re-analyse for bear targets. This scenario will have fewer chances to fructify if we see closings above 11100. In that case, I would call it the possible end of bear phase. I hope it makes sense to most of the readers. Do hit like for better posts in future. Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
4
*Staying below 10632-30,nifty would seen 10587/10529 & more*Today's Market Rhythm :- given below... Day :- Technically day trend is "Down", with price staying below DLEma 10630 level. Weekly :- Technically week trend is "Sideways",with price staying below WHEma 10632 level. Month :- Technically month trend is "Sideways", with price staying below MHEma 10739 level. Trade Advice :- Traders can creat fresh position for sell side around 10640-60 level. Today's Strategy :- "Sell on Rise"
NSE:NIFTYEducation
by psdasila
*Staying above 10383 (a goldan ratio), it would head 10450-495*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10383 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10387 level. Month :- Technically month trend is "Up", with price staying above MEma 10377 level Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10225-20 levels till than hold their long positions & if traders wants, they can add more position at around 10330-25 level for bull rally. Note :- its my personal view.
NSE:NIFTYEducation
by psdasila
*Some profit booking would seen, Today*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10361 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10386 level. Month :- Technically month trend is "Up", with price staying above MEma 10356 level. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10225-20 levels till than hold their long positions & if traders wants, they can add more position at around 10330-25 level for bull rally. Note :- Its my personal view.
NSE:NIFTYEducation
by psdasila
*Staying above 10293,prices heading 10400-450 & more *Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10329 level. Weekly :- Technically week trend is "Up",with price staying above WHEma 10377 level. Month :- Technically month trend is "Up", with price staying above MEma 10364 level. When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10225-20 levels till than hold their long positions & if traders wants, they can add more position or re-buy (which booked yesterday) at around 10300-295 level for bull rally. Note:- its my personal view.
NSE:NIFTYEducation
by psdasila
1
*Holding 10257 (DEma), prices head to 10361-10580 (W & M HEma)*Today's Market Rhythm :- given below... Day :- Technically day trend is "Up", with price staying above DHEma 10294 level. Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10361 level. Month :- Technically month trend is "Sideways", with price staying below MHEma 10580 level. When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially. Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10230-25 levels till than hold their long positions & they can book profit in partially position @ 10370-75 levels. Today's Strategy :- "Buy on Dips" Note- its my personal view.
NSE:NIFTYEducation
by psdasila
1