INDHOTELS TRYING TO CATCH TOPStop loss is little bit big here but a good trade both levels for intraday and swing are mentioned on charts please follow and connect with your financial advisor
Trendtrading
Piramal pharma: Best stock to buy for short term The stock has been corrected more than 60% since listing.
💠 After digesting listing move, the stock formed triangle pattern( consolidation zone) on daily TF and broke it out successfully.
💠 Apart from the technicals, the company performed better than expected in its recent quaterly results declared on 24 may.
💠 Fresh long positions can be initiated here around 82-83 with the stoploss of 76.5.
💠 Our expected targets are 93 - 106 and above.
💠 Holding period: 2 weeks to 8 weeks.
USDJPY Swing Downtrend AnalysisTrade Analysis : Swing USDJPY Downtrend
Channel analysis on USDJPY
Trend Identification: Swing Downtrend USDJPY.
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bullish pullback with market structure.
Targets: T1 = 139.00, T2 - 137.50.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
BANKNIFTYbank nifty is continuously getting the support of the channel and right now formed a triangle pattern waiting for execution of it we can see good buying on this as the market is in a bull-trend.
AUDCAD SHORT POSSIBLE CASESin this chart i market the valid market structure and valid OBs
both cases are explained on the chart
Inverted head and shoulder pattern in DRLALPATHLABDRLALPATHLAB
Key highlights: 💡⚡️
✅On 1D Time Frame Stock Showing Breakout of Inverted head and shoulder pattern.
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2192+.
LT analasis based on trendlines buy LT 2300 ce @12 sl8 target 30/50
price is on 3 month trend line and its also at support zone
rsi is at 40 support NSE:LT
IS GOLD WILL MAKE ALL-TIME HIGHS OR NOT ?| MY NEXT TRADE All the key points, aspects, and probabilities are clearly mentioned on the Chart. Kindly do your own research before entering.
THANK YOU
Btc shortPrice is overbaught .making lower highs qnd lower low at 4 hour. We might see continuation down before any major up m9ve. On daily price will thus give downside correction.
Shorting Coromandel international future Trend line breakNSE:COROMANDEL1!
weekly and daily long term trend line is broken down
short futures of stock.
for sl you can buy ce of 955-965 (it will also reduce risk and margin)
Target should be around 641.
call me if you need further clarification
9546438335
thanks nd regards
Abhishek.,
BANKNIFTY LEVELS 03/05/2023 BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering today levels if there's flat opening or gap down price will move downward direction should break with strong candle below 43295 level then only, we will short up to 43065 level.
2. Consolidation may occur in between 43295 - 43450 level.
3. If there's gap up price may act more volatile and may break 43450 level with bullish candle during second half from that point, we can take long position up to 43600 level.
4. My act more vigorously after crossing 43600 level maintain strict stoploss while placing trades.
Have a safe and profitable day :)
HDFC LIFEHi guys, In this chart i Drew My Best Levels in HDFC LIFE for Long position using 1Day Time frames.... I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
IDFC FIRST BANK - LongIDFC Fist bank is moving up after building base. It will soon make a new ATH. Fundamentally sound as well.
Eicher Motors : Big Players have entered the stock#Eichermotors
>> Positional Call (1-3 months)
>> Three White Soldiers pattern highlighted indicates big player has already entered the stock
>> Good strength & Volume Buildup in Stock
>> Swing traders can book profits at 5-10% fully or partially & keep trailling
Keep liking & sharing for more such analysis, leave a comment if u like analysis
@moneyfesttrading
L & T Trendingchart pattern triangle breakout retested level and breaks swing high
look for more upside from here
SYNGENE: very bullish structure1. Very good and tight Consolidation
2. Risk to reward is very handsome
3. Probability of failure of such structure is very low
4. It can be good for positional investment
Buying recommendation of BAJAJ FINANCEBajaj Finance has given a breakout of recent swing after 208 days...
buying of ITCOn monthly timeframe made an inside bar and have already given breakout ...buying today and keeping SL at the inside bar candle low.
EUR/USD FORECASTOn the Hour chart, the EUR/USD Facing Trendline resistance .
Watch trendline breakout For EURUSD and price Also Above All Moving Average Like 20 ema, 50 Ema and 200 ema.
If Price Break recent Low 1.09454 Then trend reversal Possible .
TataChem good for short termTata Chem is looking hot for short term which can fetch good returns on the investments.
Take your own bet
INFOSYS : MILLION DOLLAR STOCK TO KEEP AN EYE FOR MED TERM HOLDOne of the Most Prestigious Brand of Country Infosys Ltd a high Value stock to be kept on radar for next two or maximum trading sessions. The stock is near its 52 Week low and at Support level of the Channel it is respecting since April 2022.
CMP is 1389.20 and after rising from the demand Zone , it was moving in a range and then declined sharply today. However, price invalidation can be seen in today's trading as the fall in price is not in proportional to the Volume. Must be an affect of Weekly Expiry or affect of the news Infosys was into today. I believe it is just retesting the support at 1365.80 and will bounce back from the Demand Zone.
RSI : 40.05 ( Low ) is also indicating a buy signal.
We must enter the trade after retesting of the support is completed and we see a buying signal. Thus ,the stop loss will be the least i.e. support @ 1365.80 and the long term target would be the Supply Zone which is @ 1663.50
Kindly refer to the Chart for various analysis along with Targets and Stop Loss . I will update the idea once the stock retests the support and indicates buy Signal. However, the above analysis is not for actual trade. It is only of educational purpose . Please carry out your analysis on this idea and trade at your own risk. Do not forget ,
STOP LOSS IS MUST !!!
Good Luck !!!
Nifty Bank ShortDear Friends,
I have plotted Nifty Bank in daily time frame. Here , it is clearly observed that Nifty Bank is under sliding parallel channel. Yesterday, Nifty Bank is about to cross sliding parallel channel. However, today; bear market is seen.
Anybody can take fresh short position with Nifty Bank Index based on own risk tolerance. However, one should square off his/her position as and when Nifty Bank crosses sliding parallel channel from its above.
Thank you very much for reading my article.
GDX- Cup & Handle BREAKOUT BUY!Attached: GDX Daily Chart as of 7th April 2023
Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts
What do Technical Indicators say on the Daily Chart?
- RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅
- MACD is trending up and in buy mode, confirming Momentum✅
- DMI is in buy mode and ADX is above 25, confirming a Strong Up Trend✅
Going by Pure Price Action too and especially if you go on the Weekly Chart, you can see last Week put in a Clear Bull Power Candle which is our Breakout Candle
The Green Trend Line serves as the Neckline for the Cup & Handle Pattern
Trade Plan as follows:
Current Market Price= 34.43
Upside Target🎯= 40 to 42 zone
Stop Loss⚠️ can be < 32
This is our Swing/ Positional Trade Call
...............................................
Note:
Not only is GDX Bullish for the IMMEDIATE Short Term (Daily Time Frame as I have put out in this Idea), but it is also Bullish on the Higher Time Frames like the Monthly and the Weekly as well, so there is a Multi Time Frame Alignment too✅
Lastly, Refer to my Related Ideas to see my GDX Analysis on the Monthly Time Frame to get my Long Term View for an INVESTMENT CALL👍
