Taking Rejection from a Strong Support Zone.ONGC is Standing on Strong Support Zone. If this Support Zone Breaks Firstly, it Will Definitely Turn Bearish and Downtrend might Continue Secondly, it Multi-year Breakout Will Also Fail. But there are stronger Chances and Probability of ONGC Showing Reversal From this Point.
Waitingforconfirm
Bank Nifty ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
#BZRX may breakout either side#BZRX/USDT 15 mins TF Consolidation is happening, may breakout either side.
Look for break resistance for Long opportunity followed by retest after breakout for a safe entry.
#NMDC .. Add to watchlist..can be huge opportunityStock Analysis on request from a follower ..
The stock price is hitting 11 year old resistances .. The overall chart structure is very bullish you can see the huge momentum through the steep angle of the move that is also supported by the rising volumes
The Volumes suggest a move up as well.. However, there has been huge rejection on these levels before so wouldn't recommend taking a trade now..
To trade NMDC.. Buy after daily candle closes above 197.. That would mean a BO from the descending Triangle and 11 year old resistance..That would be a huge bullish sign..
To ensure it is not a fakeout Breakout check the hourly charts to see if the support is properly tested...
My targets for mid term would be 300-305, 330
Concor Looks InterestingCONCOR looks really interesting. A buy above Rs.465 can take the stock to Rs.565, giving a good 100 rupees profit with limited risk. Once a B/O happens, our resistance of Rs.465 will become Support and hence our Stop Loss for this trade. Trade becomes active only above Rs.465, do not enter before that.
This is how I plan to trade for tomorrow EURUSDIt can be any of these 3 cases
1. Wave x is correcting to make the triple combination - UP
The price must not come down more than 1.21557 OR
2. Wave (a) - (b)- (c) zigzag is just sub-waves of wave a - Down
The price must confirm at least 1.21557 to form wave b at 61.8% Fibonacci OR
3. Wave 5 is finished - UP
They are changing trend the price will come down in a long term and it has the potential to dive to 1/3 of the previous cycle which is
around 1.17568 and also can retrace to former wave 4 at 1.15926
Result: 2cases.Up 1case.down- if 1.21557 breaks, means downtrend might occur or just wave b of flat to make another uptrend c wave
"Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment"
Wait for a confimation of corrective wave 4 and ride wave 5 up ! It seems that wave 3x has not yet finished, the apex price is now a wave 5 of wave x3. The next target is wave 4 corrective in the blue resistance zone 38.2%/50% Fibonacci, it can be sharp and take a shorter time than wave 2 combination. Then it can rally to end wave 5 of the big cycle wave A in a 1h time frame.
ConsolidationRIL is still consolidating as expected in my previous view. Waiting for break out above 2200 or breakdown below 1990 to enter either side. Higher chances of breakout given entire market is bullish in near term.
On shorter timeframe, we can look to buy around 2095-2100 with target of 2150/2170 and s/l below 1967
Multiple indicator suggesting a shortPrice as retraced at 38.2% of impulse fall from Nov 19, Touching a trend line, and local resistance area, Also there is RSI divergence on weekly chart.
We can look to sell if price hold below 87 strictly for target of 70-73. But if goes above 87-88 and holds the then we can look for buying opportunities above 90.
COAL INDIA - Moving upwards in a channelCoal India is now moving comfortably in a channel, only should look for a Long Opportunity if and when it Breaks out.
SL - Half the width of the channel, and first target Width of the channel..
May take time for the entry point to Develop, but will be a good trade.
TITAN _H&S PatternWaiting for breaking the neckline, i.e stock has to close below 820 levels to mark it as a breaking the neckline. Only post that a short can be initiated i.e. only after the confirmation. Once confirmed Stock can see levels of 600; SL: 943.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
1650 ....crucial..keep an eye!!keep close watch @ 1650 for hdfc breaks ..can slide further ...reverses or sustains .. can take to 1675 -85