REC LTD Setup ready to go longLong REC LTD above 250 for the long-term target. The stock has been in an uptrend for a long time & a small correction or pullback period has been over. Stock is trading near 50 EMA. levels of 300+ can be seen in the coming days.
This is for your educational purpose only.
Tradingstrategies
Nifty Trading Plan for Monday 28 Aug Nifty Support & Resistance is the Best Nifty Trading Indicator for Day Trading it is also called Nifty Price Action Strategy
Support Zones for Nifty are as Given Below
S1- 19180
S2- 19050
S3 -19000
Resistance Zones for Nifty are as Given Below
R1- 19270
R2 -19370
R3 -19440
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis -0.75 ( Bearish)
Max Pain As per Option Chain Analysis -19300
Major Resistance as Per Nifty Open Interest Analysis -19400
Major Support as Per Nifty Open Interest Analysis - 19000
Long Opportunity in Nifty for Intraday Trading
On Friday Nifty CLoses below 19260 On Monday First Buying opportunity will be above 19315 Upside Targets for Nifty are 19370,19440
Nifty Short opportunity
As we Know Nifty is in a short-term Down Trend, If Not sustained below 18270 then it's a short opportunity and the target is 19180, 19050, If you want to take a short trade keep a small stop loss.
NIfty Intraday levels 21/Aug/23Good Morning Traders, Nifty trading at support zone, we might can see a reversal from current levels to downward slopping trendline. Best action can be seen only if nifty breaks its important support zone or give breakout of downward slopping trendline. We might can see upside momentum also in coming days. Let's see we will just work according to price action.
Important levels for Nifty:-
Buy in between 19275-19300.
Keep stop loss at 19245
Targets we can see in upside 19373/19416.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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DRREDDY is ready to ride. Stock is all set to break its resistance level. It was consolidating in a uptrend rectangular pattern for more than one year, It has given a decent green closing for the week. It seems more likely to give a breakout. We have to wait till it breaks its resistance. On the other side NIFTY has reached at its all time high (ATH) level. So, it might fell down going forward. If Nifty closes with a good green candle on Monday, we are good to go in this.
Bar Counting and Trading Setup.NSE:BAJFINANCE
In this video, we have discussed how you can count the bars to identify when a pullback is ending and use it for a trading setup to trade with the trend.
The Full setup is explained in the video, Watch and share with your friends.
Give a like and comment with your views or queries.
Keep learning,
Happy Trading.
Thank you
GMDC | SWING TRADE SWING TRADE OPPORTUNITY
Stock has contracting and making triangular pattern from last year april and finally gives breakout in april this year with very good volumes. And from May, the stock is in consolidation phase which seems to an end. As soon as it comes out of consolidation its major resistance is 225, which is 28% from this price. Company is fundamentally strong and metal sector also done seems good from last 6 months.
Double Top Patten Or Poll And Flag Patten in Bitcoin What do you think? It's A Double Top Patten Or It's a Big Trap (Bitcoin)
After a Strong breakout of 27,000 Flag patterns with volume. Bitcoin easily achieved the 31,456 level in just 4 days this is a 2023 new High of bitcoin.
📢What is the next movement of Bitcoin?
As is shown in Bitcoin Chat Last Recently when the "Poll and Fleg" pattern breakout there are Two levels where the price will go...
1️⃣First Price Level 31000
the top of the poll and flag pattern
2️⃣Second Price Level 38000
According to the poll hight
So,
Bitcoin achieved 31000Level, and Now it was stuck at (31,450 to 29,530) in this whole week. As we show other Markets were going down like Indian stock, Gold, and Forex market. But in the case of Bitcoin, I thought its a "Distribution Zone"
Or
The second scenario is buyers are booking their profit. Because in the Daily chart, bitcoin was not close to any candle above the 31,000 level this show that
This is a "Double Top Patten" is making...
??? What are you think about it let me know in the Comment or Reply section!!!!
Nifty possible Levels for 26/06/23Nifty analysis for tomorrow:-
Nifty has broken support trendline in 30 mints, and started trading below whole day on friday. i think Chances are looking high to go for downlevels. But still if NIfty sustain above 18750 levels then we can see buying in it. For down side If nifty breaks for support area which i marked on chart, then Nifty can go further down following by filling small gap also which is just below the support area. If that happen then for down side Nifty can slips 18550 and 18500 levels.
So buy above when 18750 sustains
Sale below, if Nifty breaks support levels 18640.
For target i have mentioned on chart.
for buying Stop loss will be 18660
For selling Stop loss will be 18725
Trade Carefully, always use stop loss.
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Regards
Rahul Pal
Disclaimer:- Always do your own analysis or consult with your financial advisor before taking any kind of trades.