2 Amazing swing trading ideas for 10 Dec 2024 MarketsI daily make educational content videos for swing / positional trading
Wave Analysis
Metropolis rounding bottomGood long term rounding bottom formation in Metropolis. Also there is small head & shoulders pattern that can give quick 10% upside. And ones main rounding bottom breakout done there is 50% upside for ATH.
Union Bank Charts: Time to Buy or sell?After closely analyzing the Union Bank chart we have observed that
1) On weekly Tf, Union bank is trading with a bullish bias and currently its trading on a retracement move.
For any buying opportunity we look for any change in Trend on lower Tf usually in 1Day or 4 HR chart.
2) On Daily Tf, Union bank is following the market structure of LH & LL, and looking at the very recent move the trend has been shifted to bullish.
We can see on the chart that the previous LH is getting liquidated & market has formed a ned HH, indicating a switch in Market structure.
We will look for only Buy opportunity when the price comes down to the FVG & OB on the daily tf. Entry on FVG or OB will help us to follow the smart money inflow.
This is for educational purposes only. Please have your own research before investing.
Trend Reversal in Nifty Midcap Index!A change of character (CHoCH 1) can be seen in Nifty Midcap which signals trend reversal from bullish to bearish in 1 day timeframe.
Recently, another CHoCH 2 can be identified which further changes our view form bearish to bullish.
Now, price might come back to grab liquidity to follow it's current trend after ChoCH 2, ie , uptrend.
NOTE - We can be 100% wrong. It's not a buy/sell recommendation, just for educational purpose only!
CAMS - 6000+ on the cards?CMP: 5117
TF: Daily
Waves, Rounding bottom pattern, Wedge breakout retest, everything is pointing a move towards 6000.. Trade wisely
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
ready for targets MONTE CARLOMonte Carlo Fashions Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 1,892.11 Crore) operating in Apparels sector.
Monte Carlo Fashions Ltd. key Products/Revenue Segments include Textiles and Other Operating Revenue for the year ending 31-Mar-2024.
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 228.87 Crore, up 71.72 % from last quarter Total Income of Rs 133.28 Crore and up 4.79 % from last year same quarter Total Income of Rs 218.40 Crore. Company has reported net profit after tax of Rs 8.04 Crore in latest quarter.
The company’s top management includes Mr.Jawahar Lal Oswal, Mrs.Monica Oswal, Mr.Rishabh Oswal, Mrs.Ruchika Oswal, Mr.Sandeep Jain, Mr.Dinesh Gogna, Mr.Alok Kumar Misra, Mr.Manikant Prasad Singh, Dr.Manisha Gupta, Mr.Parvinder Singh Pruthi, Dr.Roshan Lal Behl, Dr.Suresh Kumar Singla, Dr.Anchal Kumar Jain, Mr.Bhuwanchandra Balkrishna Joshi, Dr.Yash Paul Sachdeva, Mr.Raj Kapoor Sharma, Mr.Ankur Gauba. Company has Deloitte Haskins & Sells as its auditors. As on 30-09-2024, the company has a total of 2.07 Crore shares outstanding.
Monte Carlo Fashion Share Price Today is Rs. 951.60 as on 09 Dec, 2024, 12:26 PM IST. On previous day, the Monte Carlo Fashion Share Price (NSE) closed at Rs. 929.25, featuring among the most traded securities on the National Stock Exchange.
the rally is overVEDL CMP 490
Fibs- the stock respecting zones taken from top and bottom is telling me its not expanding.
Elliott- the current rally is the 2 nd wave of C and is done. The devastating 3rd wave should begin from here.
Conclusion- beware this stock is now preparing for a big correction.
EXIDED INDUSTRIES (-elliott-wave-theory)We can again see in the stock of a EXIDE industry that the alien wave theory is being formed and here you will see inside the chart that from the price of ₹ 300 to the price of ₹ 400, big players have made activity entry, which is working like an export and here we can see inside the stocks that the N Sled pattern is being formed, we can see where the stocks have made corrections in time along with the price and when such a chart pattern is formed and there is a breakout in it, then we see the stock going up, so here we can get to see very good price projections in the long term and here also we can clearly see the elliott-wave-theoryry being formed, so this can also be a very good example of elliott-wave-theory, you can clearly see it being formed on the chart with time, this is not an investment idea, we are sharing it only for educational purpose that how the technical things work on the chart, but all these things will be possible then When good profits are seen in the balance sheet of the company, the sales of the company increase and the profits increase, then all these things can be seen as possible. The share price does not move only on technical illnesses. The profits of the company should increase, then all these things start appearing in the share price of the company. If you want to invest, take the advice of your financial advisor and invest only after that.
polyplex Corporation (elliott wave theory)In the chart of stocks, you can clearly see that here we are getting volume indication as per Elliot Webb theory and in the long term within two to five years, we can get to see very good price projections in these stocks. All these things will depend on the fundamentals of the company. If there are changes in the fundamentals of the company, then the kind of technical analysis projections we are seeing, we will see all those things happening and a big move of the upward side can be seen in the stocks. We have taken the price projection of the stocks through (elliott wave theory) , whereas when the theory of the aliens is formed, there we get to see volume indication, which tells us that the big players have made their entry at the lower price and then as the fundamentals of the company change, the stock will keep performing in the same way. In this process, sometimes it takes two to five years, but we get to see very good returns. You can also use it for education purpose. If you want to invest then take advice from your financial advisor and only then invest. This is not a recommendation from our side. We are sharing your investment with you only for educational purpose.
CYIENT BULLISH Cyient keep on making higher highs
Elliott wave
In it's 5 wave, fib level 2400 to 3000
Let see ,
ANGELONE - CLEAN BREAKOUT? What's next?A Textbook pattern of Inv H&S shoulder pattern is visible.. Mostly this structure is doing the rounds everywhere and mine is no different..
On the wave counts too, it fulfills are the criterial to have commenced the 5th wave up.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
#Nifty directions and levels for December 9th.Good morning, friends! 🌞 Here are the market directions and levels for December 9th.
Market Overview:
There have been no significant changes in the global and local markets. The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market also exhibits a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 30 points at 8:00 AM.
In the previous session, due to the RBI policy, both Nifty and Bank Nifty experienced significant movements but ended with a range-bound structure. What about today? Currently, we are in a range-bound market; therefore, until the range is broken, we cannot expect solid movement. On the other hand, if it breaks either to the upside or downside, we can follow that direction. This is the basic structure; let’s explain this in the chart.
Both Nifty and Bank Nifty have similar sentiments.
Nifty Current View:
According to the Gift Nifty, we can expect a slightly gap-down start, but even if it opens with a gap-down or neutral, it may take an initial pullback. If this happens, then 24,780 will act as a strong resistance. We have already discussed that this is a range market, so if it breaks, we can expect levels between 24,905 and 24,956. On the other hand, if it doesn’t break this level, the range will likely continue.
Alternate View:
The alternate view suggests that if the gap-down sustains, it could reach 24,552, which is a major support level. Until this support is broken, the market will maintain a range. If it breaks this level, we can expect a correction.
#Banknifty directions and levels for December 9th.Bank Nifty Current View:
The sentiment for Bank Nifty looks similar to that of Nifty. If the market takes an initial pullback, it could reach the supply zone, which is a major resistance. If it breaks this resistance, we can expect the next target to be 54,234. On the other hand, if it doesn’t break this level, the range market will likely continue.
Alternate View:
The alternate view suggests that if the gap-down sustains, it could reach the 38% Fibonacci level, which is a major support level. Until this support is broken, the market will maintain a range. If it breaks this level, we can expect a correction.
RELIANCE - 2620 will be the end of the correctionRELIANCE: CMP 2688 - Here is the wave count on weekly and daily TF for Reliance.. we are almost at the end of the correction and bulls will take chart soon..2620 will be held.. maybe a shakeout of 10-20 points.. but overall, between now and 2600, this will be a great risk reward set up.
NIFTY50: INSTITUTIONAL LEVELS FOR 09/12/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
BANKNIFTY: INSTITUTIONAL LEVELS FOR 09/12/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
MCX - Do you still want to chase FOMO?
CMP: 6920
TF: Daily
The current impulse from 2917.85 is on the fag end of the 5th move, and it could end/terminate anytime.
Divergence seen on daily, although another 5-10% move on the upside cant be ruled out.. But be sure if you want to chase the price at this level just because of the latest price action moves.
Just so can see, larger degree 5th is also in play now.. so, once this move is over, the pullback will be a bit deeper (retracing the entire move from 1140 level to 7K levels)
Waves 0-1-2-3-4 Path with internal counts
Investors - Trail your SL with tight SL
Traders - Dont jump, better to wait for the right opportunity (significant weakness followed by a bounce is the ideal time to go short)
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Natural gas trying to make bottom biy near recent low 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 Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper buy on dip until 811 not break 838,848,855 Target 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 Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
