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BAJAJ FIN is downward trend expected by channel.By looking at the daily chart shows a lot more clear vision of the next moment for investors' activities. The price is trading between value high to control price 1. I am thinking here profit booking and price can stay in condition if fall is not started but hard to move upside from here. If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400. We are thinking first target 9500 nearby is easy and then 9300-9200 possible. Taking a short position is not wrong now. Buying in 9500 strikes put option in step is not bad, buy @ 95 and another buy @70 for targets 132-189
NSE:BAJAJFINSVShort
by Trade-Technique
79
Trade-in two-step having great risk vs reward ratio, L_TFH Expected tail. Falling is always normally 40 minimum while U-turn. This might an excess. The price is currently out of the channel. Observation: The tail is a clear sign found while U-turn which is your trade confirmation odd. Due to the falling wave , we are seeing normally 40 points . Short 129-133 is the great range because the price is out of the channel. A negative point for short-seller: Suppose to create an excess, then maximum price move 136 as per previous an excess. Trade-in two-step having great risk vs reward ratio: 1) trade, Sell at 129 1) next trade should be, Sell at 133 Both trades have the same target as the first 112-109 and the next target is 103. Best of luck. Will update daily and 30 minutes chart shortly.
NSE:LTFShort
by Trade-Technique
27
This is perfect example of Triangle ITCFantastic real-time TRIANGLE pattern on ITC This is NSE equity stock and all level are for equity. This is a perfect example of Triangle and already completed 5 waves in it. Ready for a breakout . Suppose to breakout, you will get new direction with a spike. How to detect the direction side of SPIKE (means big and surge move)! Changing in volume will provide you hit for direction. I have plotted average volume when it break and crossover 2x or 3x in volume will guide the direction of SPIKE.
NSE:ITC
by Trade-Technique
4
BPCL is trading in over-reaction area. The following factors are -ve. Price is too far from 20 M.A. Tail found at the area of over-reaction. Wave(5) is so close . The price is out of trade channel area. Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit booking for short this stock . Logically, best short price 466 nearby for maintaining good risk and reward as a protective stop above 474 above. Thinking about everything is exactly what target is targeted 438 and 400 below.
NSE:BPCLShort
by Trade-Technique
13
Channel and Pattern on BANKNIFTY with tail.As per the daily chart, fall is still left but the question is where to sell ? Detected tail in the last secession. Let's look at a smaller timeframe chart. Banknifty resistance starting from 27777 to 28073 as per channel. The last update was for paid customers at 27777 for sale which was below (4). Nifty is going to open gap up 78-89 points positive. Expected 110-129 points positive after opening. I have created a sell strategy for NIFTY Wall Street opened lower on Friday. Oil prices fell on Monday Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 percent from the previous estimation of 6.8 percent.
NSE:BANKNIFTY
by Trade-Technique
2
How will you decide next move for NIFTY? HighLight tail with Yellow color at value low. -> Tail detect each time when price taken U-turn. Wave counting 5 are completed. Gravitating price is at 11340 as a target. (suppose to close above 11357, then the next target will be 11468 (more than 90% probabilities). We may face Resistance at control price 11340 nearby, for target 11189. 95% chance to win if create a TAIL at value for U-Turn . Bullish Candle: candle closed of previous 3 candles. To see the following Researches, I suggest you take some time important for you. 1) Fib. Retracement is completely bullish from 11211. 2) History is important to predict the future move.
NSE:NIFTYEducation
by Trade-Technique
110
Channel Pattern Closed out for NIFTY?Pattern CLOSED ? As per my Theory, 5th wave always give you fired move as seen past. You can also check perfection on BANKNIFTY too. Tomorrow morning, I will update you what is going next? If this is an excess of channel, then target is 11650 nearby and Resistance 11666. --> Let me remind you. On the date, Jul 12 2019 C hannel first d rawed by me. Exactly NIFTY was moved to (4) and U-Turn has taken directly to control price. Jul 15 2019, I pointed out (5) wave on this chart. Finally, (5) wave was printied by me on the date of Jul 17 2019 and Taken Resistance. Do you think t hat IS THE CORRECT visualtion?
NSE:NIFTY
by Trade-Technique
60
Tail and look at different things than the long term traders There're 4 tails at the value high and, 2 tails are detected at value low for a major channel . When the price is higher above the value high, We found the tail as price reject and reversal. For instance, you can observe the trend is up before the tail(1) created. U-Turn has been seen after the tail formed. The same thing happened for the tail (1) to (4) in the chart. Vice-versa, Trend is turned up after creating a tail at value low. Conclusion: Find some stocks which usually create TAILS and observe it. And You can also comment or PM me if you find the stocks. I will lead for trade setup on it.
NSE:JUBLFOODEducation
by Trade-Technique
10