Trendcontinuation
Bank Nifty Simple Analysis- Looks like buyers are coming in bulls above 43300 - 43350
- As per trend it shows downward move has been denied by buyers and todays gap up opening comirms buyers trying to pull back up.
- May be a gap up opening can be there which may triggers buyers
- Sellers below 42800 till 42600 but beware of traps here
- Support also at 42600 and resistance at 43230
Note : Do your own analysis before making in trade or invesments
Eur/Usd 1h bearish OB i found OB on 1h time frame also with BOS with imbalnace candle
with valid order block
entry 1.06425
Enter on LTF 5 or 1 min time frame
SL : 1.06563
TP : 1.05786
Note: Do Your own analysis before entering trade & im not professional
, if you are not sure about this analysis dont trade at all
be Decipline trader
HFIL looks ready for another upmoveHFIL is engaged in growing and producing 100% all-natural, vegetarian products like Mushroom, French Fries, Potato Products, Appetizers, Speciality Cheese & Butter. The trend bullish here. After a long accumulation it looks ready for another 20-30% move any pullback near 24 will be an opportunity to add. I have already taken position here so my view might be biased. I have kept my SL at 19.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Many people have lost their savings, lifestyle due to excess greed. Do take this disclaimer seriously.
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.
BankBaroda - Bull Trend Continuation with ConfluenceNSE:BANKBARODA
What is Confluence trade ?
Confluence trade more than one technical analysis methods give the same trade signal.
It includes the technical indicator as well with the combination of Patterns, Price action and other charting tools.
Originally, the term confluence is used to describe a geographic point where two or more rivers come together to form a single body of water. Traders are using this logic to describe the confluence of multiple trading signals.
BankBaroda weekly chart have a confluence of indicator with support in Candlestick chart as follow:
1. RSI = on Head and Shoulder neckline.
2. RSI above 50 indicates bulls are in power.
3. Simple Moving Average : 20 and 200 moving average creating Golden Cross
4. BankBaroda back on Trendline again indicates Support at 90.00
5. BankBaroda above both moving average
6. BankBaroda back on trendline with confirmation of Bullish Price action.
7. Trend continuation can be seen from Price action chart.
8. Trendline breakout at 66 (buy entry with stop loss 63 ) .
Trade : Buy for Long term - Bullish continuation
Entry : 92.5 Today 25 January 2022.
Stop loss: 89.00
Target for long term : 100 - 107 - 110 - 120 - 140 - 180 ++++++++
Note : All the trade I initiate do not have stop loss more than 4%
TATA COFFEE - Near all time highHello all,
Day before yesterday I posted a chart of rise in prices of coffee futures (I have attached the link below). One direct beneficiary of that is TATA COFFEE.
The chart also speaks the same.
The Stock broke a multi year resistance point after a cup formation(A). Made a new high(B), gave a price correction and is now trading very close to ATH level (C).
A position can be made in this but the only problem is that the stop loss would have to be a bit deep (around 200) while the upside target is around 285.
If you wish to enter it, then size your position accordingly.
Do leave a comment if you have any doubt/suggestion/advice for me:)
Happy Trading!
IRCTC - Fundamentals and TechnicalsHi there,
Let’s consider a few facts and figures of IRCTC:
Fundamentals:
1. The company is already in midcap with Market Cap of Rs.30,527 Cr.
2. Company has a good return on equity (ROE) track record: 3 Years ROE 33.62%.
3. Company has been maintaining a healthy dividend payout of 52.41
4. ROCE - 62.8% and ROE - 44.1%, which is very very impressive.
5. Company is Completely DEBT free with 0 debt in balance sheet.
6. Topline and bottom line both very impressive, constantly growing except last year and that is because of covid issues, lockdown impacted many businesses.
7. Monopolistic business model.
Technicals:
1. Long term chart is in Uptrend.
2. Currently trading at 1894 which is above 50, 100 and 200 Days Moving Average (DMA).
3. Volume has increased substantially since Dec 20 (as indicated by arrows at the bottom), this shows that huge accumulation is going on.
Considering all the points mentioned above, it’s a very wise decision to invest in this stock from long term perspective. This should be one of your portfolio stock.
Old Buy - HOLD tight and enjoy the ride :)
Fresh Buy - At CMP
The stock will easily double and triple from here, all you need is a little patience.
Remember: Never invest more than 5% of your capital in any single stock.
Please get in touch in case of any question or concern.
Happy Investing, thanks!
ASTRAMICRO [trend continuation][breakout]intraday and short-term view : the stock is seen building up near the resistance with extreme low volumes.
it has been seeing good buying volumes since the past couple of days.
plus the major trend is uptrend.
the risk-reward is quite good.
possible breakout candidate. NSE:ASTRAMICRO
RAYMONDWAIT FOR+++++++++++++ BREAKOUT ++++++++++++OR+++++++++++++++BREAKDOWN
========================ENTER WITH RETEST===================
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}---------------------------------
====FOR EDUCATIONAL====
METALS [possible breakout]Metals have seen a huge rally in the past 6 months.
They are still quite strong and could show another small leg of the rally in the upcoming days.
Nifty metal index has formed a bullish continuation "cup and handle pattern" on the daily timeframe.
It signifies the continuation of the uptrend after breaking out the resistance level or the neckline of the cup.
Time horizon :Short term-medium term.
NSE:CNXMETAL
DOES NIFTY50 IS GOING TO STOP FALLING?As we can see NIFTY50 broken from the ascending triangle and consistently falling.
CASE 1.
NIFTY is at a major support level if it will break level we might see some more bearish move to downside at 50% fib level and then to another support level
CASE 2.
NIFTY bounce back from the support level To 14220 level and then above resistance zone
Let me know guys if you liked my analysis on NIFTY50 and do share your views on NIFTY50