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#NIFTY50 - Analysis for 16th August, 2023 ©Hello Pivster's ★ •As we saw Nifty50's initiative sellers applying an emergency brakes as soon as the Adani-SEBI verdict got postpone. •But, do you see a beautiful ' double bottom ' (M-pattern) been formed and completed it's target in confluence to a major support 19300. ⇲ My Pivot Auction Chart is posted below for reference: Now that we have a general overview in place let's see what is the anticipation for tomorrow's market movement ↓ ⌖ In case of a GAP-UP: ␥ CASE -1: IF we see a gap-up opening above or near PDH then a reversal for the Bullish GPZ magnet can come and then-on the situation is to be monitor'ed. ␥ CASE -2: IF we see a gap-up opening in between PDH and PDC then the movement can be slow towards the DH3 cam level which also has WH3 responsive sellers waiting there for a quick down push towards PDC and if it is protected then it can shoot-up to trap the weekly sellers. ⌖ In case of a GAP-DOWN: ␥ CASE -1: IF we open gap-down near to the bottom of the GPZ or below the GPZ then the broader sellers in the ongoing trend might trap the buyers near a bounce to Daily Pivot and aggressive selling can be seen once the previous session buyers are trapped and a cartel of different TF sellers would be active and bash the index like Newton's Apple towards the major support level 19300. ␥ CASE -2: IF we see a gap-down opening near or below the Daily Pivot or L3 cam level then we can see a bounce from yesterday's weekly responsive buyers protecting the GPZ and once the GPZ is taken out we would see further momentum by these participants getting joined in by daily responsive buyers too So, I wish you are equipped with all the needed information for the coming trading session and i wish a bucket full of profits for everyone 🥂 Lastly, if you liked it and found useful share it everywhere with your fellow-traders/friends/family etc... 🫶 Regards, Mukkull
NSE:NIFTY
by PivotMinati
3
Remarkable Breakout in MPS LTD.Good morning Guys! Here is a potential trade set up for next week. Providing you some pointers for MPS LTD. >>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week >> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern. >> After witnessing breakout it has retraced back to its breakout zone and again bounced back as bulls got activated, it seems lot of juice has still left. Sales and profits are also looking promising. Now question comes, How to trade in this zone as it has already shown significant moves ? So, Checks these pointers out to understand it. >>Either we can take entry while it retraces back to its BZ level or it gives a good upward move after little accumulation. >>IF it comes back all the way to 1460 that would be our trigger point. >>Now in second scenario if it does not give a pull back then we will wait for little consolidation and if we find a sort of engulfing type green candle then also we can think of taking entry. STOP-LOSS. Now stop loss would be deferent in both the scenarios. First scenario: Buying at Breakout Zone- we can go with 5% of stop loss. Second scenario: Buying higher level- In this case we will have to with higher stop loss, that would be 12%. Targets totally depend on your patience level. If you find this analysis helpful, please consider boosting 🚀 it. If you have some suggestions and any question please post in comment section. Please note- I am not SEBI registered, so do your research before investing.
NSE:MPSLTD
by BullishLine
Bank Nifty Futures24th May LevelsSpecial markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 43515 should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged. keep following for live market updates.
NSE:BANKNIFTY1!
by SABMR
BE CAUTIOUS.... QUADRUPLE WITCHING DAY!!We might still be in wave 4 of the Primary Elliot wave. US markets rallied last night, so we may expect a gap-up opening of around 100 points. 17220 - 17270 zone might act as a strong resistance zone (0.5 to 0.618 Fibonacci retracement of wave 3) Quadruple witching refers to a date when stock index futures, stock index options, stock options, and single stock futures expire simultaneously. It is generally on the third Friday of March, June, September, and December every year. Is quadruple witching bullish or bearish? We learned that volatility is slightly higher than any normal trading day, volume is higher than the normal, the quadruple witching day is a bearish day, the quadruple witching week is bullish, and the last hour of quadruple watching day is bearish. (From tradestation.com) We didn't have a bullish week, so market movements may be unpredictable. Stong closing above 17270 in 30 min candle (stop loss for a short trade) can be a sign of bullishness. If the market falls, wave 5 can take nifty to the 16800 level. Enjoy the volatile ride!
NSE:NIFTYShort
by Stock-Holmes
ASIANPAINT - Trade/Investment - Bounce from Crucial SupportThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. Second target is calculated based on range calculation method in technical analysis. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
NSE:ASIANPAINTLong
by TradewithAditya