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Morning Mantra, 7th March 2022Good Morning!
Just as we had been stating about the necessity of Nifty giving a closing of above 16800. Similarly, we did see how on failing to do so, the index had once again shown us the level of 16245 approx.
However, as per the chart setup, we are now expecting to witness a bounce back towards 16800. Which if happens, then the consequences will be good. Otherwise, if the index fails to sustain above 16200 for these 2 days (i.e., Today and Tomorrow) then the levels of 15850 and 15580 on the downside will become active once again.
Until then Keep Patience and Stay Cautious!
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
IINDIABULLS HOUSING LOOKS WEAK BELOW 192The stock looks weak below 192 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
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InvestPro India Team
MGL shortTrade stratergy
* Overall market was trading near the monthly support zone. and also market broken the demand zone in weekly time frame.
* In day tf, market reach all fib extension levels, possible to retracement happen or continue the trend. but, market start the retracement and also continue the down trend.
* How i identify the retracement completed?
In Hr tf, market turns the trend to down trend.
LIBAS- Swing Trade#LIBAS
Buy-Above 30
Sl-25
T-40 48 55+
LIBAS after giving a very good correction, it has been consolidating in range since last 100 days or 3 months. The stock is ready to breakout. Aggressive traders can accumulate near 30. Safe trader should enter above 35 after the range is taken out. Sl will be the range low i.e 25. 1st target will give us a RR of 1:2.
Morning Mantra, 2nd March 2022Good Morning!
The Importance of the levels of 16200 and 16800 were very well witnessed in the last trading session. Wherein not violating the support level of 16200, Nifty made a high of around 16815.90, but still had somehow failed to cross over and similarly give us a closing of above 16800.
Hence, witnessing a stable closing of above 16800 will still be of utmost importance as of now. Until then, stay cautious and be stock specific.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 28th February 2022Good Morning!
A recovery of almost 400 points from the crucial support level of 16200 was witnessed in the last trading session, which however was a positive sign for the Market.
Besides, in the midst of the seriousness of the ongoing global situations, there will still be a need to stay Cautious and to avoid being too aggressive until the index stably crosses and gives a closing of above the level of 16800, an important level which would now work as an initial crucial level of Resistance.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 23rd February 2022Good Morning!
It seems like the level of 16800 is somehow or the other working as a level of support for the Market. But in accordance to the ongoing condition of the entire world we will still suggest to stay cautious regarding the market movement.
Although yesterday’s movement had once again given us a positive indication of 16800 being the level of support on the downside, and 17300 as a Resistance on the upper side.
Besides, we still have 3 more days left for a clear cut market indication. Where we are somehow very optimistic that an indication for a further move will be shown within this week itself.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
PENNY STOCK SWING TRADE (No PUMPnDUMP)wait for BULLISH candlestick dont go short if it breaks that level use this analysis for long entry do follow me if u liked my idea.
good bull pattern is IndusInd bankthese kind of chart patterns are the best to take an positional trade we can go long on this and can be a good bull run in upcoming sessions, take trade at your own risk and manage your own risk, this is just for educational purpose, we can buy at the days end what ever the price is but should be above the trend line or else we will not take any entry,
i will be shorting far out of the money puts and at the money puts for Mondays sessions, plan the trade according your risk apatite.
Awaiting Triangle Thrust in SRF.Getting started with today's real-time research, I'm going to talk little bit about triangle types and its position. If you are calling from my recent posts, I has written various type of Triangles: 1. Contracting triangle, Expanding triangle, and Barrier triangle . I'm going to be showing you a technique called a triangle thrust measurement technique and gonna be utilized to identify a high probability target. The Triangles are limited in where they can from by themself at wave 4, Wave X and Wave B and rarely wave 2.
Protective Stop, Critical Resistance and Failed Pattern:-
Only word of caution with respect to this pattern in this market at this time that prices have yet to get below extreme of wave "D". On an hourly closing basis being the case, that means we can actually see maybe another move to the upward OR a more time consuming wave "E" OR wave "E" itself can actually form into a triangle. Therefore, until the price actually get below the extreme of wave "D" on an hourly closing basis. You need to do is simply view this point right here in the extreme of wave "C" as are critical support level for this interpretation. Whenever the price close above critical support, it means simple I'm wrong . But, the price would come below extreme of wave "D" on a hourly basis that would provide very strongest evidence for this pattern is indeed to complete. And, then the price is going to see a thrust.
Thrust Measurement Technique:
At the origin of the move for ABCDE triangle or simply taking the widest portion of the triangle in measuring it. In this real-time instance, expecting trust measurement move is approximately at 2226 downside from the extreme of wave E.
Trade-Setup:
I'll divide the "Trade-Setup" into two portion, one for Aggressive Trader and other for Safe-Trader. The safe trader can take action after breaking down wave "D" on basis that means after revealing the evidence of thrust move. An aggressive trader can act at or nearby "Critical Support" in advance. Yes, absolutely traders can create their position at these both trade-setup.
Best of Luck.