HG infra Stage 1 breakout.Stage 1 breakout
entry : 713-740
SL : swing low/ 7-12% / 636
Targets : 820, 880, 980++, ride the trend.
1-3 months
Note: only for learning, trade at your own risk.
Trendtrading
Banknifty - 5 day same closingSo bank nifty today also closes on the same level where the last four days close. What I mean to say, the means price cannot be on the same level for a longer period, it has to move up or down. In this chart, I have given you an example of last week's (black pencil mark), from the last 4 days, the closing was on the same level, and on Friday it was a trending day.
So now also bank nifty is doing the same thing, from last 5 days bank nifty closing is the same, thus means there can be a great move tomorrow, it can be upside or downside. As bank nifty is bullish, giving a bullish closing I am expecting on the buy side.
If bank nifty breaks the previous day's high(PDH) we will go long, and if breaks the previous day's low(PDL) we will go short.
LT possible shift in trend after todays downmove trend line breakdown witnessed today
resistance marked at higher zone
while in short term as long as trading below today's high areas can witness a retest of marked support zones
Asian Paints LtdAsian Paints Ltd is an Indian multinational paint company.
The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home décor, bath fittings and providing of related services.
NIFTY INTRADAY SET-UPMaybe tomorrow nifty trading between this range 17900 to 17600.
highest call oi 18000 ,It act as a major resistance .
Hghest put oi 17500,It act as a major support
17700 is a crucial range ,It holds both put and call OI .
PCR,0.6 VOLUME PCR,0.9 .Maybe tomorrow we expect slightly Sideways BEARISH TREND.
Tomorrow RBI meeting will be held at 10 AM .
Trend Identification: Utilizing Higher Highs and Higher LowsTechnical Indicator - William Fractal
Setting - 20 period
About the Indicator : William Fractal is a technical analysis tool used by traders in financial markets to identify potential turning points and trends. It is based on the concept of fractals, which are self-similar patterns that repeat themselves on different scales. The William Fractal is formed when there is a series of five bars, with the middle bar having the highest high and the lowest low in comparison to the surrounding bars. Traders use this pattern to determine potential buy and sell signals, as a fractal forming at the bottom of a downtrend could signal a potential reversal, while a fractal forming at the top of an uptrend could signal a potential trend continuation. The William Fractal can be used in combination with other technical indicators to improve trading decisions.
Benefits of using William fractal indicator
Easy to Identify : The William Fractal is a simple and straightforward pattern to spot, making it accessible for traders of all skill levels.
High Accuracy : The pattern is based on the concept of fractals, which have a high degree of accuracy in identifying trend reversals.
Confirms Trend Strength : By highlighting areas of potential trend reversal or continuation, the William Fractal can help traders confirm the strength of a trend.
Improves Timing : By using the William Fractal in conjunction with other technical indicators, traders can improve the timing of their trades and increase the chances of success.
Identifies Key Turning Points : The William Fractal can help traders identify key turning points in the market, allowing them to make informed trades and take advantage of market movements.
Works in All Markets : The William Fractal is applicable across different financial markets, including stocks, forex, and commodities, making it a versatile tool for traders
Try this out and let me know your thoughts in the comment section.
Possible Trend Breakout in SONACOMS???Stock has been consolidating from past one year after a giving a strong rally of more than 150%. On 25/01/23 stock has finally given breakout from its downtrend. Price level of 480-500 may act as immediate resistance for the stock. Major support lies between 400-410 in case price retraces in to previous channel. If price manages to close above this level, we can expect a decent rally in coming days. All the possible targets are marked on the chart. Maintain stop loss at 380.
About Fundamentals of the company, SonaBLW Precision Forgings Limited designs, manufactures, and supplies systems and components for the automotive industry in India and internationally. Recently the company has agreed to acquire 54% stake in Novelic Doo-Beograd-zvezdara for €40.5 million on January 9, 2023, will Complements its focus in the EV space and provides an option to scale the business and develop adjacency in conjunction.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:SONACOMS
USDCHF bullish MSS and clean trendline breakout!i dont usually trade retail on forex but sometimes the setups are too clear to ignore, this is one of those times.
market structure shift on usdchf with a clean trendline breakout, will be looking to go long on usdchf at the two POIs with a tight SL.
this setup has a great RR as well even after keeping the TP very conservative.
Let's see how it plays out once the market reopens!
MCX- on the rebound?
The stock has tested the previous resistance levels and has fallen till 0.5 fib levels and is on rebound. can be a good buy if sustain above the resiatance area(marked). 1692-1695. with SL below 1690
upside target could be 1900/2028
USDCHFDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
INDUSD(Nifty50) is at supply zonehello everyone! Its the end of year and here we are at a major supply zone. market is moving in a clear 3 wave motion. this could be an ending diagonal (final 5th wave in Indian market history which can lead to huge correction) or a leading diagonal of 5th wave. lets wait for the market makers to decide their long term move. But for time being lets focus on short term view which is being projected to 19400. wait for a reversal to enter, if you are an aggressive trader. conservative traders can wait for A and B wave to complete before entry.
Will nifty take support from current level ?Nifty may take support from current level,
because it is trading at confluence of:
1. support zone
2. Trendline support
3. oversold stochastic oscillator
we need evidence of demand to enter in long trade,
a bullish candle.
Note : only for learning, not a trading tip.
NIFTY - INVERTED HEAD AND SHOULDER PATTERNNifty has formed inverted head and shoulder pattern.
with good global cues nifty can gain from current levels.
analysis in the chart.
Cheers,
priceNpedia
99% for a long trade. #USDCADAs per my analysis #usdcad will go for a long position. i am waiting for one more confirmation to enter a long trade.
Hathway trend reversalHathway broken a down trendline and made new higher high.
Hathway may reach to 33,40. in 1-3 months.
Note : only for learning note a trading recommendation.
INDRAMEDCO BTSTMy selection criteria as follows dor swing trade.
The stock corrected from high and tale sport on EMA.
The RS is strong.
The rsi look above 50 and show upword moment.
The close is above EMAS.
.
.
It just for education purpose.
SAKUMA EXPORTS EXPECTING FOR BREAKOUT with 12- 36% roiSakuma exports expecting for breakout wth the target of 20 and 24 with 12-36 % ROI
FOLLOW FOR MORE
My views in Nifty 50 Monday 13-12-2022Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.Tweets neither advice nor endorsement.
UBL VCP PATTERNOne can add 25% position 1787 and if price retrace add more. A classic VCP pattern.
hart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SUN PHARMA - SWING ANALYSISSUN PHARMA : The market has been bearish for the past few days and it seems that the short-sellers are finally taking control.
The 995-998 level looks like a good entry point for a short position, with a stop loss around 1008. The potential downside target is 957-944
This analysis is only for the educational purpose and should not be considered as a recommendation. There are many different factors to consider when making investment decisions, and this post does not take into account all of those factors. This post is not intended to be investment advice, and you should always consult with a financial advisor before making any investment decisions.
Tatasteel good to buy position ( bullish moment )its 60EMA + half trend strategy.
all rules are confirmed
Target : 125-128
Entry : 110
SL : 100 or previous low
Lets wait and watch.
LARSEN & TOURBO WAIT FOR BREAKOUTin this stock price 6 time touch that trend line so now trend line is going to weak so we wait for proper breakout and if market open big gap down then we can't take trade.
Dixon TechAfter a good consolidation period the stock is ready to give breakout. one can start accumulation. Also entire IT sector is starting to move which can lead not only pump in IT stocks but also a good moment can be expected.
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
