BAJAL ELECTRICALS- LongGolden crossover has happened on daily timeframe with good base formation.
Falling wedge pattern on weekly timeframe which is bullish pattern.
Trendtrading
LEVELS TO WATCH NIFTY
NSE:NIFTY
THE index is at important level at daily time frame
The first target is 17400 and second target is 16800.
As the index has resistances from its life time high trend line.
Also the is bearish Engulfing candle
This is for educational purpose.
Bank Nifty Trade Setup for 18th augHi Guys,
Bank Nifty trading near resistance zone.
Up side movement -
If Bank nifty break yesterday's high and sustain (5-10 min ) above 39530 level then we can go for 100-150 points upside movement.
Down side movement -
Bank Nifty took multi time support of trend line i f it breaks below 39300 then we can short bank nifty. target 100-120 points.
Please keep your position low and maintain 70-80 points index stop loss.
Happy Expiry!!
Happiest Minds : Inverse H&S BreakoutInverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on cmp add on dips & look for the target of 1300 and above in the coming weeks. Maintain SL of 935
BANKNIFTY FOR EXPIRYBanknifty is almost near all time high though the sentiments are not much bullish. 39000 is the level which need to break for the downside trend of market, Posting some levels on chart for reference,
HCL tech multi timeframe analysis for swing trading in hindiHCL tech multi timeframe analysis for swing trading in hindi
in this video i have shown, 15 minutes & daily chart analysis of HCL tech.
and trade setup for next day 08/08/2022.
you will get idea of where to short sell & where to put stop loss.
i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern.
i have also discussed about trendline, RSI diveregence & wyckoff method in real life example.
basically i have shown, how to use technical analysis in real life.
video is in hindi language.
if you like or found useful, kindly like, subscribe & share.
Disclaimer: only for learning, not trading tip. trade at your own risk.
Hindi description:
Swing trading k liye HCL tech ka multi timeframe analyis.
maine is video me bataya hai k kaise trendline,reversal pattern aur RSI ka istemal real life me kaise kiya jata hai.
is video me aap sikhenge ki double top/ triple top/ H&S ko kaise real chart par mark kiya jata.
is video se aap technical analysis ko sahi tarike se use karna sikhenge.
disclaimer: yah keval learning k liye banaya aur share kiya gaya hai, trade apne risk par kare
REC LTD chart analysis for swing tradeREC LTD chart analysis for swing trade (15 min)
Entry & exits are given on chart.
only for learning, trade at your own risk.
IDFC chart analysis for swing trade IDFC chart analysis for swing trade (15 min)
Entry & exits are given on chart.
only for learning, trade at your own risk.
ITC chart analysis for swing trading ITC chart analysis for swing trading (15 min timeframe)
Entry & exits are given on chart.
only for learning, trade at your own risk.
Sale tradebased on RSI Divergence theory
looking for a fall in this script
for targets 2450
stop as per comfort
disclaimer - for study purpose only
Welspun enterprises chart analysis> Forming an inverted H&S pattern
> breakout above 110 , price may go up to 150. as per classical chart pattern target.
> only for learning, trade at your own risk.
Saksoft Inverted Head & Shoulder Possible BreakoutTaking support at Monthly EMA21 & Pivot
Saksoft Inverted Head & Shoulder Possible Breakout
Long position with Stoploss below 820
ZEE TVZEE TV as the price is getting rejected at 61.8 of Fibancci Ration with Spinning Top price below 230 can be look for short .
Disclaimer :- I am not SEBI Registered Analyst kindly consult your Financial before taking any trading Decisions .
Three Genuine Triangle EntriesTriangles are very common and promising patterns. Normally they are considered as continuation patterns in the direction of prevailing trend. I am presenting here three useful entry techniques. None is better than the other and each one has its own strengths and weaknesses.
ANTICIPATION SETUP
As the name suggests, the trade is taken before the triangle breakout. It is in anticipation of a continuation breakout. Entry is taken at the third touch of the uptrendline.
Stoploss is fairly smaller, below previous swing low A, compared to other setups. Stop can be brought up to breakeven as soon as breakout happens.
As entry is taken before breakout, the chances of hitting the smaller stop are fairly high.
BREAKOUT SETUP
Entry is taken above the prior swing high B with stop below the recent swing low C as shown in the chart. The stoploss is relatively large but chances of hitting the stop is also relatively less.
CONFIRMATION SETUP
Many a times, after the breakout, price pulls back to the triangle for a retest. The entry is taken above the swing high E formed after the breakout as shown in the chart. Stop is kept below the recent retest swing low F or the last swing low D inside the triangle.
Stop may be large in this case but it comes with higher chances of a successful trade.
TARGETS
Target in all the three cases should be the height of the triangle, shown in the chart, as measured from the breakout point of the triangle.
PRO TIP
♦ The triangle breakout should occur within 1/3rd to 3/4th the length of the triangle (see chart). The late breakouts are not considered as valid continuations and may end up as a trading range.
♦ Ideally volume dries up as the price consolidates in a triangle. Volume starts picking up as the breakout occurs which is a good sign.
♦ Triangles setups are valid in both uptrend and downtrend.
I hope the above information would be helpful.
Thanks for reading 😉
Where BANKNIFTY going NEXT . . .?All the key points, aspects, and confirmations are clearly mentioned on the Chart. Kindly do your own research once before entering.
THANK YOU
concor swing trading idea. educational & interactive posttry to find setup in chart and comment.
watch my past posts for reference
Auropharma swing trade idea > forming continuation pattern
> you may call it ascending triangle pattern .
> breakout above 565 would lead a new rally.
> stop loss 556
> 1st target 1:2 and 2nd is trailing stop loss which is HL
> 1-4 days trade
> use proper risk & money management.
> only for education not a trading tip. i may or may not trade this setup.
> trade at your own risk.
Hero motors stage analysis for swing trade 15 min> forming continuation pattern
> you may call it triangle pattern.
> breakout above 2448 would lead a new rally.
> stop loss 2808
> 1st target 1:2 and 2nd is trailing stop loss which is HL
> 1-4 days trade
> use proper risk & money management.
> only for education not a trading tip. i may or may not trade this setup.
> trade at your own risk.
Jamna Auto Analysis 17 Jul 2022 Hi viewer, hope you are doing great.
I am super bullish in this stock because it looks like flag and pole, if it breaks channel on the upside then, 52 week high will be achieved shortly and trail stop loss for more targets.
And your stop loss will be channel's bottom.
If you see the chart clearly, when ever it comes near the blue dotted line which is a 200 Moving Average support, it goes up.
Disclaimer : I am not a SEBI advisor, please consult your financial advisor before investing.
Thanks.
Have a great day!
ABB INDIA: POSITIVE UPTRENDNSE:ABB shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 2470.75
Target 1: 2343.35
Stop Loss: 2142.60
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.
HIKAL LTD: POSITIVE OUTLOOKNSE:HIKAL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover
Target 2: 456.80
Target 1: 431.80
Stop Loss: 405.10
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.
NSE:GAEL
Copper continues it's DowntrendA small flag is formed in Copper
Expected price level is shown
Information mentioned here is for study purpose
