only educational only. it is already in uptrend but due downmarket sentiments it is behave like sideways but it is preparing for breakout as there is clear cut ascending triangle pattern formation when market sentiments will be good then the breakout will happen very soon #swingtrade #jubilant
Skipeer given breakout and offering 2nd buy point near moving average
lower highs and lower lows can be seen in downtrends When a price makes a new low breaking the previous low while not Breaking the recent reversal high, it results in a “Lower Low, Lower High” formation. The structure represents reversals that are being used to exit long positions. Trend Analysis- Lower High - 18141 level may be trend changer for nifty on...
Hello Traders! We recently saw the market analysis of Nifty50 using Elliot wave theory. Elliot wave theory can be very accurate when it comes to the market. You can get the analysis wrong, but if you apply the theory correctly, it can help you in more ways than one . 1. As we see on the chart, Wave 1 and Wave 3 were completed in 62 days each . This is not...
NSE:ULTRACEMCO Ultra tech can be a leader in the Nifty Infra rally So eyes are on it.
Trend line breakout and retest , Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3650
Nifty Falling Wedge formation on 30 min TF. Go long on breakout by keeping 17760 as your stop loss. There is also Triple bottom marked on the chart, which gives us double confirmation of reversal of trend.
Big players participating agressively... After the alert visible on chart I was waiting for a confirmation. Now DJI is also showing good recovery so we can expect momentum here.
EURUSD grinds higher around the seven-month top inside a rising megaphone chart pattern on the daily formation. In addition to the bullish chart pattern, the upbeat RSI and bullish MACD signals also keep buyers hopeful. That said, May 2022’s peak surrounding 1.0786 and 1.0800 are likely immediate targets for the bulls. However, the 78.6% Fibonacci retracement...
Buy above 17940 level Sell below 17880 level Strong resistance at 18060 Strong support at 17760
NIFTY --DAILY CHART SETUP --TREND ANALYSIS --11 JAN -- 31 JAN 2023 1. AS seen on daily chart nifty was trading at upper channel and hit all time high 18900 sub level on Dec 2022 2. Since then nifty seen fall around 1000 point from overbought level and breakdown of upper channel seen at 18250 sub level . 3. nifty trading current level around 17900 sub level...
Gold buyers struggle with an 11-month-old horizontal resistance, despite crossing an upward-sloping resistance line stretched from early October 2022. The upside momentum also finds hindrances from the nearly overbought RSI line. However, a looming golden cross, a condition when 50-DMA pierces the 200-DMA from above, joins the metal’s sustained trading above the...
USDCAD remains depressed at the lowest levels in six weeks after breaking the 100-DMA as broad US Dollar weakness joins firmer oil prices. Even so, the bears are waiting for the Bank of Canada (BOC) Governor Tiff Macklem’s speech for further directions. That said, the 50% Fibonacci retracement level of June-October upside, near 1.3250, appears the immediate...
NSE:ATULAUTO FOR EDUCATIONAL PURPOSE ONLY, 7 year downtrend breakout on monthly chart
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green - Buy,...
Bank Nifty is at Crucial Support of 43000 Zone. In my view, Bank Nifty is more Bullish than Nifty in the Long term. 1. Bank Nifty Closed below 43000, But is still in the Support Zone. We can plan Buying based on Price action today and we can achieve a Good RR Ratio of more than 1:2 and 1:3. 2. If Bank Nifty sustains below 43000 and breaks the support trendline,...
who all missed entries. can short at given levels. after a while XAUUSD is giving movement. take advantage of the double top. short when neckline breaks.
SJVN : - Retest Of Expanding Triangle Base. - Price Broke Out @ High Volumes & Retesting At Low Volumes. - Excellent Fundamentals.