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Tradingpatterns

NIFTY... KEEP INVESTING...Guys... I am sharing my view on the Elliot waves in Nifty. The bullish pattern is intact. We are currently in the 3rd primary wave. Of the five intermediate waves in the primary wave 3, nifty is right now in wave (4) correction. A quick and rapid wave (5) is likely to start at the end of wave 4. Though Nifty is at 200 EMA right now, I feel the strong support zone is around 22700 levels. I won't be surprised if Nifty can fall around 800 points from here. Keep investing in parts and add more when Nifty goes below 23000. The market is always right..! Trade with appropriate stop-loss.
NSE:NIFTYLong
by Stock-Holmes
Silver Futures: Navigating the Bullish Breakout The Silver Futures chart presents a compelling picture, but as we know, navigating the market demands more than just technical analysis. Let's break down what we see: Bullish Signals: The decisive breakout above the VWAP, coupled with the series of green Heikin Ashi candles, paints a bullish picture. The recent breach of the Base Camp level further strengthens this positive outlook. VWAP as a Guide: The VWAP is now acting as dynamic support, offering potential buying opportunities on dips. However, remember that even in a bullish scenario, the market can be unpredictable. Beyond the Chart: While technicals are promising, external factors can sway silver prices. Keep an eye on global economic indicators, geopolitical tensions, and any news that might impact precious metals. Applying the Wisdom: Don't Get Complacent: Even with a bullish setup, risk management is paramount. Set stop-losses to protect your capital in case of unexpected reversals. Stay Informed: Technical analysis is valuable, but it's only one piece of the puzzle. Stay updated on fundamental factors that can influence silver's price trajectory. Avoid Blind Faith in Tips: This bullish setup might attract stock tips, but remember, no one can predict the market with certainty. Do your own research and make informed decisions. In Conclusion: The Silver Futures chart is signaling a potential bullish trend. However, successful trading involves more than just following signals. Combine technical analysis with a keen understanding of market dynamics, risk management, and a healthy dose of skepticism towards "hot tips." This approach will increase your chances of navigating the market successfully, even when faced with its inherent unpredictability. Disclaimer: This is an analysis, not financial advice. Trading involves risk; conduct your own research and consider your risk tolerance before making any investment decisions
MCX:SILVER1!Long
by Profitabletradingindia
2
NIFTY... ELLIOT WAVE COUNTING... BULL TREND STILL INTACT!The 5th primary Elliott Wave, which began after the decline following the election results, is continuing its upward movement towards the 26,000 mark. The secondary waves 1 to 4 (within the primary wave 5) have already been completed, and wave 5 is expected to resume its upward trend soon. This progression can be clearly seen in the chart. I am optimistic about seeing the Nifty reach 26,000 this year. Remember, the market is supreme, so trade cautiously.
NSE:NIFTYLong
by Stock-Holmes
Expleo SolutionsTechnical Analysis of Expleo Solutions: Expleo Solutions' price has been range-bound for over two years, specifically 847 days. The peak it reached between May 2023 and August 2023 is considered an outlier, as the stock has since reverted to its prior trading range. Despite this, the stock has experienced a notable 55% increase in trading volume, from 6.2 million shares to 9.6 million over the last 470 days. This increase is significant when compared to the previous 470-day period. The MACD also suggests a decline in seller interest, indicating potential shifts in momentum that could lead to a more positive outlook. Two key support and resistance levels have been identified, which will be pivotal in determining future price movements. Potential Risk: The primary risk to the stock's upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index and geopolitical tensions. Disclaimer: This analysis is intended for educational purposes and is not a purchase recommendation. It is important to learn how to recognize and understand patterns in stock movements.
NSE:EXPLEOSOL
by sandeepbalachandran
Nifty50 Chart Analysis - 20-08-24 TuesdayNSE:NIFTY Timeframe- 30 min chart Validity - Current Week ➖ Boring /Dull Move in Last Session, Totally range bound after gapup open. 👉PCR -1.0 👉INDIAVIX - 14.31 (Normal) 🏦 Cash activity FII- Net SELL (-2667) Cr DII- Net BUY 1803 Cr 🌐US Markets Last day movement. DJI:- Bullish by 336+ point. Nasdaq: Bullish up by 357+points. #GIFTNIFTY - 40 points up.’ 👉NiftySupport 24460,24220,24080. 👉NiftyResistance 24640,24850. 🔹(Same as yesterday )Verdict:- 2 scenarios. 1. Breakout of the channel if the 30-minute candle is above - 24640 then only long side momentum will build up. 2. Reversal from the channel. 24550 range. Use Appropriate stops to avoid big drawdowns. Not a buy/sell just for educational purposes. Keep learning, Happy trading.
NSE:NIFTY
by SANJAYPATIDAR_
CAMPUS LONG (313 OR 297-303)| INVERSE H&S + RESISTENCE BREAKOUTDisclaimer: I am not SEBI certified and these are my personal views. Please do your research before making any investment decisions. Bought CAMPUS at 313 , Will add more at 297-303 - Completed Inverse Head & Shoulder formation - Resistance zone breakout(done) and retest(pending) - RSI is not overbought - Trading above 50,100,200 EMA (bullish sign) - Short term target-348 - Long term target-393 - Views invalidated if breakdown uptrend support line Short term target: 348 Long term target: 393 Finished Trades (2/2) JUBLINGREA - Target hit in 4 sessions (check out it in ideas section) CAPLIPOINT - Target hit in 4 sessions (check out it in ideas section)
NSE:CAMPUSLong
by Pattern_Ninja
Motilal Oswal - Long term BreakoutMotilal Oswal has given a massive breakout of year 2017 on daily chart. This stock has given almost 80% return in year 2023 and around 30% return in last one month. This breakout is all time high for this stock and entered in blue sky zone where there is no resistance upside. Generally stocks gives huge returns after all time high breakout. The possible targets from here can be found using Fibonacci retrenchment. Disclaimer: Stock shared for educational purpose and not a buy or sell recommendations
NSE:MOTILALOFSLong
by Vipin_Dixena