Silver buy given from 31.55 full book huge profit Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Wave Analysis
Gold buy given from 76000, 77780 Target hit book profit go nutrlDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold 2715 Target hit book profit on but trade avoid carry farwadDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BANKNIFTY: INSTITUTIONAL LEVELS FOR 18/10/2024QUICK GUIDE
- Use 5 minute timeframe
- Try to take enters at retest
- Use multiple confirmation
- Read full description before investing
- Try to take ATM options or above
Explanation:
This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit
This trading opportunity is based on volume, previous price, and price range , are included
Entry/Exit point's:
- It has very easy entry and exit points
- In this pair of lines with two colors are given (RED AND BLUE)
- In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan)
Stop Loss/Take Profit:
Stop Loss
- According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) )
- A short entry should use the opposite rules to a long entry
Take Profit
-When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit )
- Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry )
Timeframe:
According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this)
Risk Disclaimer:
Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading.
Engagement:
Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together.
What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders!
Comment below and let's get the conversation started!
Original Content:
This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NIFTY50: INSTITUTIONAL LEVELS FOR 18/10/2024QUICK GUIDE
- Use 5 minute timeframe
- Try to take enters at retest
- Use multiple confirmation
- Read full description before investing
- Try to take ATM options or above
Explanation:
This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit
This trading opportunity is based on volume, previous price, and price range , are included
Entry/Exit point's:
- It has very easy entry and exit points
- In this pair of lines with two colors are given (RED AND BLUE)
- In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan)
Stop Loss/Take Profit:
Stop Loss
- According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) )
- A short entry should use the opposite rules to a long entry
Take Profit
-When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit )
- Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry )
Timeframe:
According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this)
Risk Disclaimer:
Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading.
Engagement:
Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together.
What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders!
Comment below and let's get the conversation started!
Original Content:
This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
Nifty midcap 100This is educational purpose only, consisting of Stock market views
based on price action, Elliott Wave & Fibonacci. Views expressed here.
are not for investors/traders.
Do your own due diligence before investing/trading.
This information or publications are not meant to be, and do not constitute,
financial, investment, trading, or other types of advice or recommendations.
Adani Power getting ready for another half century (50%)?Adani Power has been in Wave iv since 3rd June’24 which could have likely gotten over with its final dip on 12th August’24. If that’s the case, where is it heading to after it breaks out from the current range? One way to look at it could be a target to the top of the channel (as seen in the chart) i.e. 1300+.
The other way is of course 5 small waves of Wave V which could culminate around 1050 (>50% from current levels of 675). Once, it moves over 800, it will leave more visuals of a target. However, a 50% plus rise from here is imminent? in 6 months?
And yes high volume also has left good hints of strong accumulation including promoter buying.
This is not a trade recommendation. Please do your own due diligence. Remember nothing in the markets is a given. Keep a close watch.
#nifty directions and levels for October 16th.Good morning, friends. Structurally, it’s a bear market, but there’s no support from global markets yet. However, if the decline forms a strong structure, we can expect the trend to continue. On the other hand, if it reaches a major support level with a gradual structure, we could see a 38% to 78% bounce back in the minor swing. Have a nice day!
#Banknifty directions and levels for October 16th.Good morning, friends. Structurally, it’s a bear market, but there’s no support from global markets yet. However, if the decline forms a strong structure, we can expect the trend to continue. On the other hand, if it reaches a major support level with a gradual structure, we could see a 38% to 78% bounce back in the minor swing. Have a nice day!"
BANK NIFTY INTRADAY LEVELS FOR 18/10/2024BUY ABOVE - 51380
SL - 51160
TARGETS - 51600,51820,51990
SELL BELOW - 51160
SL - 51380
TARGETS - 50920,50600,50300
NO TRADE ZONE - 51160 to 51380
Previous Day High - 51990
Previous Day Low - 51160
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 18/10/2024BUY ABOVE - 24800
SL - 24700
TARGETS - 24890,24950,25020
SELL BELOW - 24700
SL - 24800
TARGETS - 24600,24530,24460
NO TRADE ZONE - 24700 to 24800
Previous Day High - 25020
Previous Day Low - 24700
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY going up or down from here?NIFTY is standing at crucial point. Here are two possibilities that will decide further move of NIFTY.
1. If price breaks down to 24548.65 level, it will be confirmed that wave C of Zig-zag has started and this move will go minimum up to 24255.75.
2. If price takes support near 24635 (or just say, reverses from anywhere without touching 24548.65) it will be considered that wave B of Zig-zag is still under formation. In this case NIFTY may show some up move upto 25299, and 25485.85.
Wave watch: Mahindra & Mahindra ltd. Technical Analysis.Mahindra and Mahindra Limited Stock Analysis using Elliott Waves
Today, we're analyzing Mahendra and Mahendra Limited's stock using Elliott Waves. In the larger time frame, we've completed waves one, two, three, and four. Currently, we're possibly in the red fifth wave.
Within the 5th wave, we have sub-divisions: black ((i)), ((ii)), ((iii)), ((iv)), and ((v)). Our analysis suggests:
- Black ((i)), ((ii)), and ((iii)) are complete
- Black ((iv))’s (a) and (b) are completed and now wave (c) is almost near to complete.
Once (c) is complete, that means black wave ((iv)) will end. Generally, wave ((iv)) doesn't cross 50% of wave ((iii))’s length. In 90% of cases, wave ((iv)) doesn't retrace beyond this level.
As black wave ((iv)) concludes, wave ((v)) will likely begin, forming a new high.
Important Notes:
- This analysis is for educational purposes only, not trading advice.
- Elliott Waves involve multiple possibilities; this analysis focuses on one potential scenario.
- Trading or investing solely based on this study involves risk.
- This content is not advisory and doesn't guarantee profits.
Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Apollo Hospital and the EW CountsAPOLLOHOSP CMP 6989.. If we consider counts from May'22 lows, the 5 waves seems to have ended.. The minimum expected target of Wave 1 = wave 5 has already been met at 7220 levels.. Extended target is placed at 7800+..
Since the overall market is going down, this too looks poised to go down.. but Price action in the coming days will confirm the direction.. either case, a pullback/retracement is definitely on the cards to go below the recent swing low of 6727