"Good morning! As of June 1st, the global market indicates a negative start with moderately bearish market sentiment. There may be a gap-down start initially. After that, if it takes a pullback around the Fib level of 61%, we can expect the range market to continue pulling back. On the other hand, if it breaks a major key zone(38%), that is a sign of correction...
"Good morning! As of June 1st, the global market indicates a negative start with moderately bearish market sentiment. There may be a gap-down start initially. After that, if it takes a pullback around the Fib level of 61%, we can expect the range market to continue pulling back. On the other hand, if it breaks a major key zone(43917), that is a sign of correction...
"Good morning! As of June 1st, the global market indicates a negative start with moderately bearish market sentiment. There may be a gap-down start initially. After that, if it takes a pullback around the Fib level of 61%, we can expect the range market to continue pulling back. On the other hand, if it breaks a major key zone(19373), that is a sign of correction...
technical analysis of J K Cement: -The RSI is at 53.7, which is considered neutral. -The MACD is positive and rising, which is a bullish signal. -The ROC is positive and rising, which is also a bullish signal. -The 50-day moving average is at 3052.56 and the 200-day moving average is at 3138.38. The stock is currently in a channel pattern in the daily time...
running flat is forming in this particular stock and looks complete also making an smaller running flat at 15 min for entry purpose, view is it can break the mentioned top, after that it might reverse or continue upward depends on how it behaves, so keep your stop below that mentioned 15 minute move. take profits when it breaches the top.
stock is making running flat and a falling wedge pattern, wait for it to make breakout then find a way to enter keep stops below the breakout impulse. price might reach the mentioned level and do breakout but might reverse from there also to make further correction or downside move, so take profit or move stops very tightly to mentioned levels.
I daily make educational content videos for swing / positional trading
IDFC FIRST BANK is making a classic running flat on 1 hour time frame, also breakout is happening for upside, you can look to enter in lower time frame with any flag or flat, keep your stop below the breakout impulse, and take profit near mentioned level, also note that mentioned level is a monthly top, so it might reverse after breaking that top or keep going...
TCS is making running flat in daily time frame and also running flat for entry purpose in hourly time frame, looks very good in terms for risk to reward, as you are getting entry as well directional pattern to trade, wait for break of c wave trend, and look to enter from there, keep stop below that breakout impulse, it can break the mentioned level making it as...
Running flat is forming in this particular stock c wave might extend down a little so wait for breakout to enter, it might go and break the mentioned level, then will see how price behaves, so when it breaks that level take profit or move stops at that particular level.
Axis bank is making a flat pattern at hourly time frame overall stock is moving upside with slow pace, it will break the top and continue upside with more corrections because of its overall behavior, so take profit or move stops at that level.
Nifty after making a recent swing low around ~18060, did a falling wedge breakout and made a swing high around 18420. Almost 350 points. It corrected from there to about 61.8% fibo level and made a swing low today around 18200. The pattern indicates that is forming a flag & pole pattern. Also, as a learner of EW; my wave count suggest that it was a wave 2...
BUY above high of brakeout candle 2180.05 with sl of 2130.95
BUY above high of brakeout candle at 551.05 with 1:2 minimum take profit sl of 539.95
BUY above high of brakeout candle at 796.05 with sl of 787.95 minimum 1:2 take profit
BUY above high of brakeout candle at 484.55 with sl of 465.35 minimum 1:2 take profit
BUY above high of brakeout candle with 1:2 minimum take profit,FLAG LIKE PATTERN BUY at 179.7 SL at 171.2