Trend
nifty views for 06 april 2022According to best of our knowledge
Nifty takes closing near immediate support at the level of 17800.
Tries to go down and breaks the level of 17800 three times but unable to sustains below 17800.
Tomorrow more chances to trade below 17800.
If nifty manages to sustain above 17800 leads nifty again towards green zone .
BPCL Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
buy mphasis buy for shorts term mke profit in mphasis its trading in supports area its high chance to go upside given area
GBPUSD seesaws inside weekly triangle, bears in commandGBPUSD struggles to defend 1.3100 inside a one-week-old symmetrical triangle. Even so, an impending bear cross and failure to cross the horizontal resistance since late February during the latest upswing keep sellers hopeful. That being said, a clear downside break of the 1.3100 threshold, also comprising the stated triangle’s support line, becomes necessary for the bears to step in. Following that, a south-run towards the previous month’s bottom surrounding 1.3000 can’t be ruled out. However, the 61.8% FE level of February-March moves, near 1.2900, may offer breathing space to sellers while assuming oversold RSI conditions at that point.
On the contrary, a convergence of the 50-SMA and 100-SMA guards the immediate upside around 1.3130-35, ahead of the triangle’s upper line close to 1.3150. In a case where GBPUSD rises past 1.3150 buyers can aim for 1.3220, a break of which will test the 1.3270-75 horizontal resistance area, also known as the last defense for bears.
Overall, GBPUSD is likely to witness further downside but a clear break of the 1.3100 support is required to please bears.
ZOMATO - TREND REVERSAL ZOMATO DAILY CHART - TREND REVERSAL SIGN
1. zomato has seen trend reversal last 2 trading session after sharp fall from 160 sub level to 75 level last 1-2 month stock consolidate at 75 - 90 level , 75 find as support and 90 as major resistance for this consolidation .
2. 1st trend reversal sign is MA , EMA Crossover around 78-80 level ,
3, 2nd trend reversal sign is price oscillator above 0 line
4. 3rd trend reversal sign is RSI move above 40 level
5. ONCE 90 level broken out stock into bullish zone for target 125-130 and trend continue then 140-150 level .
BUY ZOMATO @ 84
TARGET 90- 100- 125-130
STOP LOSS 70
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk .!
HAPPY TRADING !
Looking good support on weekly TFLooking good support on weekly TF. One can make Long position on Hero Motocorp.
#USDJPY Inverted Head and Shoulder formationAs seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs.
Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront.
God bless us all!!!
L&T INFO Services Rally L&T INFO Services Rally continues
next supply zone 5300-5400 price in channel if this negated then possible uptrend in continuation
Can $BTC breakout and move up? Interesting to see $BTC trying to break out but definitely needs more momentum.
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
