You can take a long trade in HDFC BankCompany:- HDFC Bank Ltd.
Sector:- Banking
M Cap:- 10.99T
Technical:- On the hourly and daily chart smart money formed semetric triangle chart pattern and breakout it with heavy volume, I thik this stock is bottoming out and ready for the next leg rally. One more thing Nifty private banking and nifty bank index is also bottomed out. So if Banknifty and Nifty private banking indices have to go up, HDFC Bank will have to outperform.
If you want's to doing this type of technical analysis you can follow me and visit my website "protraderclub.in" and contact me.
Disclamer:- Dear followers, before taking any trade do your own analysis and consult your financial advisor.
Triangle
Symmetrical pattern breakoutDaily and weekly volume buildup is significant good.
Breakout of symmetrical pattern breakout with good volume.
Retest also done on trendline. Excepting and good as came out of long term consolidation zone.
Good setup for both intraday and swing.
NOTE: i do my analysis, do your before trade.
Nifty50 - Ascending Triangle PatternNifty at 45min chart is making an Ascending Triangle Pattern, 22500 is a Resistance. Nifty is following the lower Trendline too, so it may touch 22300 on 2nd April. Today it has also made a Hammer Candle at 2:15pm at 1hr chart, which seems a reversal sign. It may move between 22300-22500.
For my learning and digital records purpose only.
FINOLEX INDUSTRIES - Swing Trade - 25th March #stocksFINOLEX INDUSTRIES (1W TF) - Swing Trade Analysis given on 25th March, 2024
Pattern: SYMMETRICAL TRIANGLE
- Pullback candle from Lower Trendline Support - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - Done ✓
#finpipe
BHARTIARTL SHORTBharti Airtel has finished Wave 5 according to the Elliot Wave Theory and is poised for a correction. We're currently anticipating a strong follow-up candle to the recent Lower High (Spinning Top Candle), which could signify a trend reversal.
ADDITIONALLY, ENDING DIAGONAL TRAIANGLE CAN ALSO BE SEEN.
T A T A C O M MTATACOMM fut broke out of triangle pattern on an hourly chart with decent OI & its trading comfortably above breakout level.
Risk:Reward - 1:4
Not to be missed.
Could be bought with mentioned stoploss & target.
Crude Oil Analysis - Triangle Breakout 📊 Technical Analysis:
- Triangle breakout with minor consolidation
- MA supporting the bullish trend
📈 Trade Setup:
- Long position initiated at breakout
- Trade with Stop-loss
🚨 Disclaimer:
This is not financial advice. Trade at your own risk. Past performance is not indicative of future results. Consult with a financial advisor.
SAPPHIRE FOODS - Go LongFor Educational Purpose..
⚠️ I'm not a SEBI REGISTERED analyst & my view can be biased
⚠️ No Buy Sell recommendation, do your own DD.
#SAPPHIRE IS READY TO BUY LONG
- Last Months Volume Massive
- View Ascending Triangle Monthly Chart
- Multi Year Breakout
Waiting Time 3-6 Months
Long Above (Required Candle close) - 1575
SL - 1400
Target - 1600, 1650, ATH & More
Thank you
eurusd (29 march 24)Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 8
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
NZDCHFPrice running in triangle so it will break any one side .
I think it will break down side Green zone if its break SL will be previous swing high.
Target as per marked in below red zone.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Sapphire foods-Can it break ATH this time?Sapphire foods has been consolidating in a beautiful ascending triangle pattern.
Currently, stock is near suppl zone, hence only risky investors should be interested
If the stock gives monthly closing above 1500 with good volumes, we can see a big move in this stock.
Keep in watchlist!
EICHERMOT - SWING TRADE - 3rd December #stocksEICHERMOT (1W TF)
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: ASCENDING TRIANGLE
- Volume Spike Buildup Near Resistance - Done ✓
- Neckline Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot
Jindal SteelPrice is consolidating and forming a descending triangle pattern. Price is bearish as long as it stays below 798.
Buy above 804 with the stop loss of 799 for the targets 809, 814 and 819.
Sell below 794 with the stop loss of 799 for the targets 789, 784 and 779.
Next support is seen at 777 - 781.
Next resistance is seen at 818 - 822.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Mighty Nifty - March 18After fall, price is consolidating in the form of descending triangle pattern. If price did not give break out, then chances are there to move within the range 21900 to 22100.
Pattern : Triangle.
Range : Medium.
Trend strength : Normal.
Buy Above : 22020.
Stop Loss : 21980.
Targets : 22060, 22100 and 22140.
Sell below : 21920.
Stop Loss : 21960.
Targets : 21880, 21840 and 21800.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.