Trandanalysis
The some crucial levels need to cross The nifty50 is ready to move up but needs some crucial level to cross like 17100 or 17200 after that it's boomed up but before that, it continues to consolidate under those levels. At this time the market is good for Option sellers after those levels cross this market is going to be for Bulls players
NSE:NIFTY
Avanti Feeds: Ready to shootAvanti Feeds :
Is forming a strong symmetrical triangle pattern on weekly timeframe at LTP: 507.35 and has been taking continuous supports on the primary trendline(yellow-dashed) and is respecting the trendline ever since 2016 till 2022 today.
The sudden rise in shrimp demands from china and USA has overpowered company's exports with good receivables too. This has happened for first time since covid-19 when the company's exports are in demand majorly by china. Being the Market leader in Aqua Culture and seeing Demand for the culture and Supply capabilities of the company. The stock looks poised to witness an uprise now from fundamental and technical aspects.
Key levels:
Support 1: 475 (7% downside)
Support 2: 416( Crucial)
Resistance 1: 587
(14.62% gain; Expected Time : 1-2 months)
Resistance 2: 670
Resistance 3: 770 (52.37% gain; Expected Time : 3-6 months)
BUY ICICIGI for the TP 1400 with the SL of 1200BUY ICICIGI for the TP 1400 with the SL of 1200
please follow risk management and take this trade if the risk/reward ratio fits for you.
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More than just a swing trade opportunity #SAILSAIL is in limelight for the breakout of the Inverse Head & Shoulder pattern and falling channel, so I thought to take a look.
It looks like SAIL is getting ready to resume its uptrend.
• There’s an Inverse Head and shoulder pattern formation with the neckline exactly at a Strong Support & Resistance level .
• We can draw two falling channels on the price chart (Marked as Falling channels 1 & 2 on the chart).
Price has broken above the inverse head and shoulder pattern, falling channel 1 and Strong resistance line.
A breakout above the other falling channel is pending.
For the uptrend to resume and to confirm that the correction has ended, the price has to just sustain the breakout and stay above the Strong resistance at 105. After which sail can go a long way.
Possibilities of breakout failure can not be ruled out, no matter how favorable the market conditions look. Sometimes the scenarios change instantly.
For Swing trade purposes:
Buy level – 108.5 (above falling channel upper line)
SL – 102 (below breakout candle low)
Target – 113, 123, 131
If SAIL starts its up move, it can go way above its previous ATH.
Reason?
• China produces around half of global steel and it’s dragging down the output by reducing production. Other large steel-producing nations including India saw an uptick in production and exports.
• Price hikes are most likely to be announced as coking coal prices are at elevated levels and expected to be there for a long time.
• Indian steel producers will have a better opportunity to increase exports due to the absence of Russia & Ukraine.
China increasing production is the biggest risk. But for the current scenarios, Indian steel manufacturers are in a sweet spot.
SAIL is more than just a swing trade opportunity.
I'm betting on the steel industry to grow all together and not just one stock.
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Disclaimer:
This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor.
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#Nifty Intraday Support and Resistance Levels - 28/03/2022This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
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#Nifty Intraday Support and Resistance Levels - 28/03/2022
Rising Bull💯
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Nifty 50 Swing TradeThis is a 45 mints trend analysis of #NIFTY50 which shows the #elliottwave analysis of trend and movement at different levels,
BLUE #trendline This is #Elliot major waves and
Orange #trendline this is abc wave in between #Elliot major wave.
Do comment and #like this #analysis kindly #feedback.
PRICE ACTION SETUP FOR GOLDOANDA:XAUUSD
Market is Ranging between 1804.743 and 1797.717
There is a Buying Opportunity above 1805.314
And a Selling Opportunity below 1797.066
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best entry!
Trade at your own risk