Trendanalyse
PVR - double top pattern break outPVR has rebound and is forming a double top pattern. could be a good buy above 1776with target of 1822/1854. sl at 1768
FALLING TREND LINE
Education
Falling trend line:
Rising trend line is the type of trend line which typically helps trader in identifying the exact bearish momentum (downward trend).
The rising trend line or descending trend line, be connected from highest price traded within the time range, and connect to the lower prices of the asset or security.
Traders may prepare for selling after retest of the falling trend line and stop above the trend line.
It helps minimizing risk and maximizing rewards when used appropriately.
NIFTY OUTLOOKThis is a 180 Min TF NIFTY chart. By the end of this post we would try to understand the short term trend and the trade setup for the next week. An update on daily basis will be given in the update idea section.
- TIME CYCLE:
If we study the time cycle starting at 17 June 2022. I have adjusted the cycles at certain TF for better adjustment. We can observe the low made at point 1 and the breakout lead to a good up move. And vice a versa was seen at point 2 and 3. Accordingly the low before a good bounce is expected to be made at Point 4 which is nearly around 13 or 14 th Oct.
TRENDLINES:
Even the trendline starting at 13th Sep 2022 (just before point 3 ) is currently acting as a resistance.
FIBONACCI RETRACEMENT:
17081 will act as the first support incase of any gap down as currently indicated by SGX. The next support level would be 16900 if 17801 is taken out.
Any buying signal if generated at these level near the time cycle(13 or 14 th Oct) should not be ignored given that they are confirmed by price action. And if such thing happen, I will update the same in this post.
It's been a while I have updated my page with regular NIFTY OUTLOOK posts due to some reasons. However in the last NIFTY OUTLOOK, I mentioned the target of 18342. And even after initiating a bear rally , NIFTY bounced and achieved the target dot to dot before falling heavily.
CHART & ANALYSIS
ADARSH DEY
Prataap snacks Ltd - MACD Crossover📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FMCG
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Packaged Foods
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is moving towards its resistance level which is 908.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 869
🟢 Target 🎯🏆 - 908 , 1000
⚠️ Stoploss ☠️🚫 - 799
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Dixon Technologies - Keep an Eye 📊 Script: DIXON (DIXON TECHNOLOGIES (INDIA) LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500, NIFTY INDIA CONSUMPTION, NIFTY MIDCAP
📊 Sector: Consumer Durables
📊 Industry: Consumer Electronics
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 4659 if script is breaking its resistance level it may go up.
📈 Current RSI is around 77.
📈 One can go for Swing Trade for around 120 points.
⏱️ C.M.P 📑💰- 4540
🟢 Target 🎯🏆 - 4659
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Permanent Magnets Ltd - Resistance + Trendline Breakout 📊 Script: PERMAGN (PERMANENT MAGNETS LTD.)
📊 Sector: Electrical Equipment
📊 Industry: Engineering
Weekly Time-frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Already Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script has given Trendline Breakout which was working as resistance(sown in chart) in both time frame daily as well as weekly.
📈 Current RSI is around 83.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 507
🟢 Target 🎯🏆 - 597
⚠️ Stoploss ☠️🚫 - 468
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
#avax trend analysis HII every one this is 1hr time frame chart after break out avax move up due t two reasons
1st after breaking triangle pattern avax is going of testing horizontal support{28.07} now this support works as resistance for avax
2nd there is a digonal support of green trend line forcing avax to go up .
i will update this near in the future ......
i appriciate what is your point of view you can share your idea on comment...
Nifty is expecting to 17000 or 17230 before the next reverse !!The Harmonic charts are shown in the chart showing the expected levels
Out of three different Harmonic charts, two gives the same reverse point.
The EMAs are favor of current Bullish
Expected retracements are also shown
The data given here is for STUDY purpose.
#NIFTY Intraday Support and Resistance Levels - 15/07/2022Today's gap up opening in nifty . After opening if it's trading Above 16000 level then possible further upside rally upto 16150 level. down side rally expected in case nifty starts trading below 15950 level downside possible upto 15800 level.
ADANI POWER: Upward trend NSE:ADANIPOWER shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 2: 326.45
Target 1: 284.00
Stop Loss: 257.50
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
BLS INTERNATIONAL: LONG HOLDNSE:BLS shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1:389.15
Stop Loss: 344.35
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.