GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern.
You can use this opportunity because it has a very good risk to reward ratio.
Entry: Long above ₹389.80 (the high of the bullish engulfing candle)
Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern)
Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio
Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade.
Disclaimer: This is not financial advice. Please do your own research before making any trading decisions.
Remember, trading involves risk. I can't guarantee that this trade will be successful.
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Banknifty should fly from here! Due to rate cut expectation #NIFTYBANK action pack analysis on banking sector..are you ready??
Tomorrow is monetory policy, so there is higher probability we can see rate cut as minimum 25 basis points, so i am expecting this news is gonna to be positive specially for banking and nbfc sector, so chances are high banknifty can give solid move towards 54000, atleast 700-1000 points move possible from current level, other side 53000 is really strong support zone for intraday closing, right now price has came down, but it will surely give close above to 53000 levels. For downside we have very strong support zone at 52575-52650 which can act like strong support zone for intraday in case if we see more dip from here. Overall tomorrow mpc news is highly positive for market.
I have a trade for that
take banknifty 54000ce now at 445 you can add more in case if you get some lower levels till 390
keep strict stop loss at 300
so overall we will have 145 points stop loss
for Targets we will keep at 560/675/900++
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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AAVE Swing Long Setup Idea For Crypto Bull Run- AAVE is currently trading at $171.
- As a leader in decentralized finance (DeFi), it’s important to position yourself conservatively to maximize your gains with AAVE.
- The price is currently consolidating and compressing near the inefficient gap, so pay attention to its behavior to learn from these repetitive patterns.
- Historically, the price has been rejected from the last swing high before entering a bearish trajectory; we have observed a similar rejection at the same point of interest (POI) recently.
- Now is the time to make conservative entries in the range of $160-$170 and hold for an increase up to $261.
- Recommended Accumulation Zones for Spot Entries: $156-$167.
- Bull Run Targets: $261, $447, $650.
- Timeframe: Hold this position for 2-3 months.
TATA CHEMICALS.... IN ACCUMULATION The stock price has been consolidating for quite some time.
Technically, by the Elliot wave pattern, the 5th wave is likely to begin, and one can expect about a 30 to 35% rally in this stock.
Safe entry will be above the resistance trendline, though the current level looks attractive for investment purposes.
NSE PNB is Preparing for a Corrective BreakoutTimeframe: Daily
NSE PNB is currently facing strong resistance at the 200 EMA on the daily timeframe. The price has completed a corrective W-X-Y formation on the daily chart, and the ATR has increased to 2.91.
The stock has reached the final wave V of C of (Y) at 103.62 and has started moving upward. If this marks the end of the correction, the price needs to break and sustain above wave iv at 112 . Upon holding above this level, traders can aim for targets of 117 – 126 – 137+. Even if the price falls below wave (Y), traders can only buy after the breakout of 112.
Stay tuned for further updates!
SUNTV | Head & shoulder + Cup & handle Trapping ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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AVANTI FEED Swing Long Setup - Avanti Feed is currently trading at 684
- Avanti feed recently made a high where we saw it moving up impulsively and it continued to rally for weeks
- Post the rally we saw prices taking healthy retracements and it's trying to form a small base now
- If you look at this small range a lot of scalpers might have got trapped with the wick shown as Sell Side Liquidity or if you look at the basic support which a lot of retailers consider
- Before looking for swings and positional plays make sure that you wait for the base to mature first and then take entries as of now try to learn and understand the price delivery
- I will post another update once I see this ready for an upside if it does before that I will scout another stock, till then trade safe manage risk and stay tuned
SUN TV Swing Long Setup - Sun TV is currently trading at 825
- I am interested in this setup where I see a huge imbalance on the left and we have high probable chances of this moving up rapidly
- We have also purged the sell-side liquidity which trapped a lot of shorts
- Now we are all set to expand higher
- Watch out Sun Tv if you are looking for swings
NIFTY 1D Trade Analysis - Nifty is currently trading at 25,356
- Nifty has a FVG below and it might fill it before moving towards the upside more
- Nifty Oderblock is where my point of interest lies
- I will be looking to add longs and swing longs in stocks once I see Nifty approaching that level
- Till then let the trend fade away and get bearish if you are planning to switch your stance to bearish
XAUUSD : 07/25/24 first short and than long99% SUCCESSFUL TRADE.
FIRST TRADE:
SELL XAUUSD - profit upto $8USD
SECOND TRADE:
BUY at the bottom where you booked the profit and hold the position for the entire bullish price action.
Do your own analysis before taking a trade.
NOTE:
PRICES HAVE BEEN MARKED FOR YOUR REFERENCE. THIS IS WHAT I ANALYSE. PLEASE DO YOUR OWN ANALYSIS BEFORE TAKING A TRADE.
Bank Nifty 03/07/2024Scenario 1:
If Open Drive is Gap Up: If Price will test the Level @ 52420 to 52470.
The Price May Reject @ This level (52420 - 470) and Expected to Fall Till 51995 to 51838.
51838 Is the Major Support Level.
It is very Hard to price Break this level.
Scenario 2:
If Open Drive is Gap Down : If Price will test the Level @ 51995 to 51837.
The Price May Reject @ This level (51995 - 51837) and Expected to rally Till 52420.
Intraday Trade Setup For Nifty 1st JulyTime 7:56 AM 1st July 2024
Reasons for Shorting Nifty today:
1. Wave Analysis - Shorting based on wave counting
2. Ichimoku - Given a sell signal in 15min TF
3. Broke Support Trendlines
4. Risk to Reward in great
5. MACD bearish divergence in 1hr TF
Options Selling: ATM CE selling with OTM CE edge is best for this trade. (or future sell with edge)
We wait for the entry if it doesn't trigger then we avoid the trade.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Bitcoin Technical Analysis - Bitcoin is trying to take some support from the zone of 67,000$
- Bitcoin on a Daily TF looks different its trying to consolidate and find a support that can stop its further drawdown
- The market from a technical perspective isn't portraying much bearish/bullish bias
- One catalyst can bring down/up prices more
- If you are looking for entries then I would highly recommend to wait for the weekends when you see prices filling back imbalances
- 63,000-65,000$ WILL BE A VERY GOOD ZONE TO ACCUMULATE ALT/ETH/BTC
IOC, Technical OutlookThe price is following a negative trajectory and the structure looks weak.
The breakdown of 164.25 could open the levels of 154.75 which is about 6% from the breakdown level. Wait for the trend to begin.
Disclaimer :This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 28-MayTrend - Positive
Today's bullish candle has broken the structure which indicates the start of an uptrend.
The price could test the level of 137.
Probability of the next green candle is more than 50%
CMP : 129.55
Resistance : 137
Support-1 : 123.50
Support-2 : 119
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
DLF, Technical Outlook 22-MayTrend Negative, Strength Medium
The degree and nature of separation in both bands indicates a negative trend.
The price is trading on the lower side of STMA Band.
The probability of a next negative candle is more than 70%.
Important levels are marked on the chart.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Granules Technical Outlook - 23 MayToday we have a indecisive candle (doji). A Doji above the upper edge of a triangular pattern indicates the weakness in the uptrend. The price could test the support level of 415. If tomorrow we get a red candle then a shooting star pattern will be formed. So, I am waiting for a trend to start.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.