Trend
GBPUSD Analysis [WAIT] [BUY]If sustains around this reason with decent volume then BUY around 1.3265 region with Stop loss 1.3255 and Take Profit at 1.3466
TCS shortTrade details:
Monthly tf: Market reach the all time fib extension levels (1.618). possible to came for correction.
Weekly tf: sideways going on
day tf: market reach the day support but, still it not change the trend to up trend, still we have a possibilities to sell
Hr tf : day tf correction completed (0.328) and hr tf trend was changed.
MGL shortTrade stratergy
* Overall market was trading near the monthly support zone. and also market broken the demand zone in weekly time frame.
* In day tf, market reach all fib extension levels, possible to retracement happen or continue the trend. but, market start the retracement and also continue the down trend.
* How i identify the retracement completed?
In Hr tf, market turns the trend to down trend.
SHORT- in REKLIANCE !!!#FRIDAY#
#INTRADAY#
@VK2413
NSE:RELIANCE
{
INDIAN MARKETS WILL BE OPENING WITH MINIMUM 1% DOWN (GAP DOWN ).
reliance being one of 50 companies, its shares will be affected too.
Today even a short profit booking will also can be seen in RELIANCE !
Targets, trigger-price, stop-loss are provided in chart!
HAPPY TRADING !
}
Fallow @VK2413 ,like👍SHARE❤️,✌️
NIFTY -- TREND -- MARCH 2022NIFTY ON DAILY CHART technical indications.
1. Trendline breakdown seen nifty turn bearish formation.
2. RSI seen negative Divergence and lower low formation
3. possible bounce back from 16400 odd level .
4 . lower range of nifty at trading range 16200 and higher level 17500 nearest resistance 16800
5. unless 17800 break and close above NIFTY trend will be lower low trading range.
6. last candle is doji candle indicates traders undecided about trade.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
** HAPPY TRADING. !
03 March 2022 IT sector34000 levels are being retested.
34400 provided resistance.
75mins timeframe . downward trendline of last two months has broken today.
wait and watch for retest.
EURJPY Getting Bullish Eurjpy according to 15-minute chart there is a proper diversion and double bottom too
so we can aspect this to move up / bullish around 150/160 pips
140 PIPS FORCAST FOR NZDUSD NZDUSD is in good point to move downward from here and if the war news not shift the market then we can aspect nzdusd to get bearish and hit our target of 140 pips
GMR INFRA| Dip Buy - good Risk RewardPin bar candle formed at bottom of the channel. Good price to enter with low as stop loss. Targets are in chart.
Educational purpose. Trade on your own risk with proper money management.
POWER GRID TAKING SUPPORT FROM BOTTOM OF PARALLEL CHANNELPower Grid is moving in a parallel channel from past couple of weeks and now it is taking support from bottom of paralle channel .
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RSI is sitting at a lower level supporting long position .
RSI forming a Bullish Divergence again supporting the long position
Bullish Engulfing candlestick pattern at the support zone
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Leaving the target to you guys and stoploss will below 194
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TAKE TRADE AS PER YOUR RISK
Gail Short #Elliot_HarishRaoGail first decline 1,2,3,4,5
second wave A,b,c
Third wave down 1,2,3,4,5
short GBPJPY, if came below 155Current market position is very near to all time high of approximately 4-5 year, and forming a M shaped chart pattern, but we have to wait till market closed below 155, because it will reconfirm the downward trend, also RSI will indicate downtrend.
Good trading day.
NIFTY -- UNDERSTANDING TREND - 11/02/2022NIFTY What next ? So its small Effort to understand what will be trend likely in next week and this month ..
Daily Chart triangle formation seen nifty trading at 17374 at closing today If you see upside triangle line ..breakout of this line will be upside nifty move towards 17600 and 17800 Level, if nifty fall downside triangle line which is 17100 level ..this work as crucial trend-line support and if this support break then 16800 16500 this level can seen .. 16400 was last support where nifty can bottom out if more fall due to global negative sentiments .
>> RSI SEEN at mid range ..RSI is bellow WMA at present.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ...!
BANKNIFTY DIRECTION FIGUREBanknifty has been bullish inverse head & shoulder if it can breakout near few days or next week now you can see a continue rally and if should retest on breakout they move on higher high
Long position in NiftyHello Friends
Today Nifty fall as expected yesterday prediction.
Tomorrow we expecting gap up or flat opening, if nifty want to follow trend line channel.
If nifty still break trend line channel, then we go for put option because it indicate sideways or downward trend.
Happy learning and happy trading...
Long position for Nifty 3rd Feb Expiry, important resistanceHello Friends,
Budget day was not going as per our expectations but it's part of our field. so accept it and move on.
Now we expected FII investment from tomorrow onward in Indian market because there are nothing negative in budget for FII's.
Tomorrow may be nifty gives you big moves if FII's increase there investment after analysis budget. DII's continuously increase there investment and they hold market vary well.
Nifty Expected hit 18000 level by 3rd Feb 2022.
Tomorrow 17700 is strong resistance for nifty.
Have a great and safe trading.
itc buyNSE:ITC
its price channel pattern and given breakout with good volume and crossing rsi 60 gives good hope for long
Note: I'm not a Sebi registered guy, Consult ur analyst before investing
NIFTY --TREND REVERSAL DOJINIFTY on Daily Chart trend reversal doji candle seen at todays closing.. Trend reversal doji heikin ashi candle ..found when trend set either bullish or bearish ..and traders indecisive about current trend. last few days nifty corrected around 1000-1200 points from high 18400 now at 17100 bottom was made around 16800 that trend was confirm bearish but last 1-2 session traders are indecisive about trend so volatility seen. that is doji candle formation at support level before trend reversal which is seen in form of heikin ashi doji candle formation on daily chart at todays closing.
this doji candle suggest trend reversal from bearish to bullish ahead may be budget rally is ahead in few days.
wave pattern also indicate same.
NIFTY FROM CURRENT LEVEL 17100 uptrend can see target 18400 short term (1 month).
*** THIS IDEA FOR EDUCATIONAL PURPOSE .!
