Trade-setup
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.
BANKBARODA trend line analysis i have made a analysis by using few technical indicators and trend lines. My observations is as bellow.
1) Based on the trend line analysis- stock is following the up trend since 8 months
2) Fib- retracement: shows good buying opportunity at 85 to 90 points, so that at this level the stock comes and touched the trend line, becomes a good entry levels.
3) RSI indicator: now it touched the fear zone and whenever it enters this zone it comes back to supply zone in the time frame of 2.5 to 3 months. So in this time frame stock comes back near 85 to 90, becomes good buying zone.
Conclusion :
1) can short the position and wait for the next buying zone to enter,
2) target T1- 115.
Note: MY views are only for the study purpose, paper trading purpose, stock analyzing purpose, better your skill purpose.
Trade at your own risk.
My trade setup in BankNifty Futures for 12th June 2021My trade setup levels are created as below in BankNifty Futures for 12th June 2021.
The Key target levels will be at High - 35680, Low 34760..if market breaks these levels, expecting
the market go beyond in double the speed.
Expecting Movements...
Opening will be Flat or Downside
Down move till 10.45 am
Upmove or Sideways 10.45am to 12.15pm
Again Down move till 2.30pm
Again Recovery till 3.30pm
Close near at Low of the Opening level of today
**** May be a significant fast-fall today
Trade setup on 💰Bitcoin for Swing Trader. Trade Setup for "Swing Trader" :-
Plan (A):
Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby
If you can chance, then
Plan (B):
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
The U-turn(at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month.
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======================= Replay (last worked) ======================
Footmark of HINDUNILVR with (Speculative, Waves, Channel etc)...
Buying in pull-back 2001 nearby.
Put the alert in your trade-terminal.
Expected more than 200 points move in next.
------------------------WEEKLY--------------------------------
Last week has reversal pin-bar and next week expected move 222 point
from 7-Days AT from the closing.
The price follows to lower bound & upper bound of Parallel Channel.
Bullish sign!
------------------------DAILY--------------------------------
Start looking from left to right , Impulsive & Corrective Waves .
Impulse legs in 1 to 5 and Correct legs has A,B and C waves. Presently, we are going up wave.
Turn R to S and again R on RELAINCE.
LH 1511 is confirmed
LL 1361
--> Price can move and react as resistance at POV 1281.
--> The impulsive move is 4.2 x than the Correctional move.
The price can move up to 1281 nearby.
CLOSE VIEW
In the chart, the line was drawn from the black color which works to atrract price value. Turning our eyes on the chart from left to right means that reistances turn in support and it time to act as reistance again.
R 1247 nearby.(R can push the price upto 1100 below.)
Infy: Love affair with the stock continues....Infy CMP 899.50
In the previous post when Infy was at 878 we had mentioned that the stock is likely to bounce towards the zone of 930-960 zone.
Despite Infy offering Share buyback at 1150...
despite Infy seeing the return of respected Nandan Nilekani on the board...
we have seen price rejection in Infy stock price right in the zone (of 930-960) that charts were highlighting...!!! :-)
The stock may remain sideways for some time with down ward bias
Tc and safe trading...!!!