Presenting here is the Elliot Wave structure of Reliance. For the purpose of ease of understanding I have drawn only the main motive waves and in between skipped small counter waves in ABC. Now, it closed above 2293 making a low of just .1 below the closing of 4th September. Going further, this could be the point of reversal in Reliance or worst cum worst it...
A broken trendline is a technical signal that can suggest a change in trend is at hand. If low volume (rather than high volume) accompanies the break of a trendline, the signal is not as strong or convincing. It can make sense to wait a day or two to make sure that the trendline break is legitimate
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas. When price come to these area we can expect either reversal or breakout from the given area's. So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 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...
As you can see on the chart, there is an strong daily resistance that price arrived and after conduct the distribution zone, break the upward trend line and went under the H1 support level that became the resistance, thus it's a propriate short opportunity.
As I drew in the chart, there is daily resistance that involve the H1 demand zone, this kind of confluence can make a decent long opportunity.
I daily make educational content ideas on swing / positional trading
as per eur/usd history data and price action movement concern eur/usd looks good on short side
it is forming trap for retailers as per shown in chart and at the same time dxy index looks bullish to me so here is the plan
Wave analysis suggests that we are about to close wave 4 and impulsive wave 5 is about to start which will give us the target price of 981 in coming 1-2 days
HTF showing structure is uptrend 15min Point Of Interest looking for buy
Elliott Wave Analysis:- Waiting for TRIANGLE BREAKOUT. Once the breakout took place then we decide the move of the wave . i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
Buy and Sale idea in nifty so be neutral in the market and wait for your setup
Buy and Sale idea in banknifty so be neutral in the market and wait for your setup
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Broadning Pattern 📌 Symbol/Asset: IOC 🔍 Description: Stock is making broadning pattern. and its around the support. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting...
Last week retracement completed. DXY still under pressure may be sell continue Due to war our analysis will may be fail if sell happen First target 105
👑Royal Trade👑 CNXIT IMPORTANT LEVEL we buy Put and my Target in videos Dont buy any trade without stop loss This is only level we upload new idea in morning 9.30 Buy when Market Break The support or Resistance and wait for the closing and set stop loss at the last opening of the candle. NOTE #We Are Not Promote Anything #This channel Purpose to share...
I have tried to explain in pictorial way how the things are likely to move in different coloured triangles in case of this stock and a partition has been done with red vertical line. Please mark high and low of candle of 2:05 in five minutes chart. Then comment later on. Thank you