Second alternative wave in RBLBANKThis is another type of wave formation.
A regular flat wave had been formed.
There are alternative waves I have posted it before.
We need to wait and watch the wave pattern that is going to form. Only then we can decide the point of our entry.
I have attached the previous chart below. Kindly look into it for clarification
Tecnicalanalysis
An alternative view on RBL If one more los is possible then this is a valid pattern else we skip this and move on to next bullish chart.
If consolidation continues furthermore then it may lead to triangle formation. If the previous high was broken then the Triangle get fail and it may complete flat pattern and one more low pending.
150 % in just 1 MonthAnalyzing chart on longer time frame will give us a Stocks with Multifold Return .
Points to consider to find such stocks :-
Multi Year Support
Buying from Support Levels (Big Green Volume Candles)
RSI Start to move up (Bullish Momentum)
Delivery Based Buying (High Delivery Quantity)
Not a BUY Recommendation at these levels (SL will be very High now)
BTCUSD 30 July Target 100% Perfect🤑🤑#We Make Only Profit.
Bitcoin's price today is US$30,001.65, with a 24-hour trading volume of $10.88 B. BTC is +0.41% in the last 24 hours. It is currently -4.42% from its 7-day all-time high of $31,388.55, and 0.96% from its 7-day all-time low of $29,717.09. BTC has a circulating supply of 19.44 M BTC and a max supply of 21 M BTC.
#BTCUSD #XRPUSD
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
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.
XAUUSD LONG IDEAHey before you trade #DYOR I'm sharing my idea which is based on technical analvsis for more accuracy you can check news or event update.
XAUUSD current price 1982 hit HH ON 4Hr chart now wait for retesting area near 1966
As per 4hr candle.
The Major breakout area on 4H chart is still 1987
So now wait and set your positions with proper risk management
Thanks for watching Follow like share
BTC/USD trade in consolidation zoneHowdy Traders,
We can see that Bitcoin has been trading in a range for several days. This means that the buyer and seller are satisfied within this range. Bitcoin tried to break this range but failed and it was a fake breakout and many buyers were trapped in this breakout.
Looking at this fake breakout, I feel that the market may go down a bit.
Target: 30961, 30800, and more,
Thank You,
Money_Dictators
Morning Mantra - 7th July 2023Dear All,
So yesterday, we had witnessed a very beautiful momentum in Nifty.
Where even after back to back 2 Doji formations, instead of showing a Reversal, Nifty fortunately took it positively and gave us an all time high closing of 19497.30
So, as per Technical Analysis, Market sentiments still seems to be positive, as of now.
However, if in case Nifty takes any pull back towards the level of 19200, then that can be taken as an opportunity for Cherry picking with the stop loss of 18700, for the upcoming days.
Furthermore, since today is the last trading day of this wonderful week, therefore we need to be a little cautious here.
In the meanwhile, keep rebalancing your portfolio, as this is the only way to keep your portfolio healthy, as of now.
Keep Trading!
Keep Investing!
Regards,
Alok Daiya
SEBI Registered Research Analyst
Symmetrical triangle pattern reversal in Berger Paints Berger Paints India Ltd
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Reversal of Symmetrical triangle Pattern .
✅ It can give movement upto the Reversal target of above 593+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 637+.
IDFC LTD.The chart is self-explanatory.
upside potential > 20%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
Morning Mantra - 31st May 2023Dear All,
So once again yesterday, Nifty was trading in a range bound, where we had somehow witnessed a fight between a bull and a bear at the upper levels.
Fortunately, the Index gave us a beautiful closing of above 18600, which is indeed a good sign for the Market, as of now.
Moreover, until the time Nifty is trading above this level of 18600, the sentiments are still positive for witnessing a New high in the upcoming days.
However, if in case Nifty breaks this level of 18600, then do not worry but wait for the level of at least 18400-18200 as the pull back zone in Nifty, as of now.
Furthermore, the idea of Rebalancing the Portfolio and Cherry Picking will remain to be a good idea, until Nifty triggers its new high.
Regards,
Alok Daiya
SEBI Registered Research Analyst
Morning Mantra - 26th June 2023Dear All,
A huge volatility in the Market, was witnessed in the last week. Where, unfortunately once again, Nifty was somehow unable to crossover the level of 18888.
As a result of which, we can now observe the formation of a Dark cloud cover on the weekly chart of Nifty. Which is somehow indicating that we can get to witness some selling pressure in this week.
So much so that, there’s even a probability to witness the level of 18400 , which has been a very crucial support level for Nifty, on closing basis.
Therefore, tighten your seat belt and stay cautious against the volatility for this week as well, as it consists of 4 Trading days only.
Regards ,
Alok Daiya
SEBI Registered Research Analyst
Hindustan Aeronautics – Sell below 3600Technically it is forming a lower high lower low structure on a lower time frame which indicates that the stock is in downtrend and with this it is also forming head and shoulder formation with the head exactly at 2.618 fib ratio. Thus, taking a short position is more favorable than long ones due their higher probability rate for success here according to these indicators with the 14-day RSI confirming the trend. A sell position can be taken with a closing below 3600 with a Sl of 3630 and a downside target of 3530 and 3470. Confirmation from other tools like Fibonacci Retracement levels & 14-day RSI provide additional support towards my assessment being correct; suggesting further confirmation before executing the trade.