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Nifty 50 Tuesday Setup | Bearish setupNifty 50 price is near a very important support trendline and in the 2Hr time frame, we could see a XABCD bullish butterfly pattern. This XABCD pattern gives 3 targets once the price breaches 17650 and the support trendline. If the price trades below 17650 in the afternoon, we could see a fall. The RSI can be seen just below 50 and Choppiness Index near 61.8 could support rapid fall. The rise in VIX is seen today which means there could be larger moves yet to come. Until the market crosses 17780, it is difficult to see a big rally on the long side. Please refer to the chart for trigger levels and place for stop losses as per your risk appetite. This is not an investment idea. Happy trading. :)
NSE:NIFTYShort
by Sanjan91
Banknifty AnalysisBanknifty has been trading in Falling Channel from the last 109 bars on Daily time frame,in the last few days we saw bullish momentum in price and closing on friday gave more strength to bulls. Further view according to price action is, if the index manages to give breakout above this falling channel then we can see Banknifty to touch 39000-41000. On the downside price might face resistance near the upper line of the channel and if possible reversal happens from there then 35000-34000 can hold the downsides.
NSE:BANKNIFTY
by karan_bagri
Simple Trade Setup | INDIAN HOTEL | 02-03-2022 [INTRADAY]NSE:INDHOTEL Observations: 1) On 1hr time frame, we can see formation of head and shoulder pattern. Major support range is 191-194 level. Below this range it can become bearish. Please refer below chart : 1hr Time Frame. 2) On 15min time frame, we can see a broad resistance channel. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 02-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:INDHOTEL
by Trading_hawk
8
Simple Trade Setup | HDFCBANK | 02-02-2022 [INTRADAY]NSE:HDFCBANK Observations: 1) On 15min time frame, we can see it has been rejecting from the resistance channel and also it is having immediate resistance at 1500 level. Breakout of it can give easy 20 points up move and can also give another 20 points till 1540 level. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 02-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCBANK
by Trading_hawk
2
REASON TO TRADE (COMBINATION OF PARAMETERS) EDUCATIONAL PURPOSEThis stock is showing some good signs of reversals U-Turn in price action. 1) Fibonacci retracement is healthy up to 50% which is good sign for continuation of bigger trend. 2) Price also came at old Support area. 3) Price got support near 200 DEMA. 4) Relative strength index in daily also reversed from oversold area, Now above 30. 5) In smaller time frame (hourly) price shown U-Turn towards up side. These are some reasons to presume or finding probabilities, nothing works like holy grill in market, but these are really aligned languages in one direction. These scenarios indicates probabilities very well sometimes. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:LTTS
by RK_Chaarts
9
BTC price action I am sharing 4hr timeframe chart just to give you all clear view of what happening with regards to $BTC Since BTC started its downward movement after hitting 69k. BTC was moving downward in a parallel channel. After the breakout of the channel. BTC got rejected at 51.9k and again it started moving in a new downward Parallel channel. As you can see BTC price is still going downward but the RSI is moving up. Which is a hidden bullish divergence and same divergence can be seen on daily timeframe. Note: These are just my observations. Kindly DYOR.
by dhingravivek