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MRF - FALIING WEDGE BREAKOUTHi All, This idea is about MRF Limited Market Cap - 54 891 Cr Mcap/Sales - 2.18 P/E - 26.4 ROE - 13.2% ROCE - 16.9% Promoter Holding - 27.8% EPS - 4907 Quick Ratio - 0.79 D/E - 0.17 Technicals Price reversal breakout is seen on daily chart of MRF. It continued in falling wedge pattern & then price broke out of the upper channel with heavy volume. This could signal a price reversal at this point Price has corrected almost 15% from its peak Happy Trading, Thanks, Stock-n-Shine
NSE:MRFLong
by Stock-n-Shine
VoltasAs per the chart we can see falling wedge which is a bullish pattern in lower time frame and strong support zone in higher time frame. Buy above 1482 with the stop loss of 1474 for the targets 1490, 1498, 1510 and 1522. Sell below 1466 with the stop loss of 1472 for the targets 1458, 1450, 1442 and 1430. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:VOLTAS
by vanathi
Channel Breakout Strategy for Long-Term AccumulationLet's structure it as a clear trading strategy: **Trading Strategy: Channel Breakout and Long-Term Accumulation** 1. **Identify Breakout**: Look for stocks breaking out of their historical trading range, accompanied by a sudden increase in trading volume. 2. **RSI Confirmation**: Confirm the breakout with the Relative Strength Index (RSI) around 53, indicating moderate bullish momentum without being overbought. 3. **EMA Analysis**: Ensure the stock is trading above all key Exponential Moving Average (EMA) levels, signifying strong upward momentum and stability. 4. **Accumulation Range**: Accumulate shares within the price range of ₹491 to ₹500 per share during the retesting phase after the breakout. 5. **Long-Term Hold**: Plan to hold these accumulated positions for the long term, leveraging the breakout and technical indicators for sustained growth potential. This strategy combines technical analysis with a focus on breakout opportunities and long-term investment goals.
NSE:BORORENEWLong
by Rockstar9831
WIFUSDT Poised for Major Reversal—Don't Miss This Move!Yello, Paradisers! Did you catch our recent prediction on WIFUSDT? 📈 If not, here’s a crucial update you need to know—this could be your ticket to the next big move! 💎WIFUSDT has broken out of its descending channel and formed an inverse head and shoulders pattern, significantly increasing the probability of a bullish reversal. But what does this mean for you? 💎For confirmation of this pattern, we need a breakout above the resistance level. This breakout will validate the pattern and boost the likelihood of a strong bullish move. Keep your eyes on this level—it's critical. 💎In case of a pullback, we can expect a bounce from the demand level. However, confirmation is essential here too, and we need to see an i-CHoCH (internal Change of Character). This would reinforce the strength of the demand zone and indicate a potential upward bounce. 💎On the flip side, if the price drops below the demand level and the right shoulder, it will invalidate our bullish pattern and strategy. This would signal a potential shift, and we'd need to reassess our position. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Stay focused and disciplined, Paradisers. Your patience and strategy will pay off in the long run. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
INDIACEM - Weekly falling wedgeIndia cement is trading at Supply demand confluence zone. It is currently making a falling wedge pattern on weekly charts which is at 50 % retracement levels from all time low to all time high. RSI is also showing positive divergence. Possibility of making a weekly double bottom with neckline breakout placed above 195. Already made higher bottom on last weekly candle with respect to 27th March weekly candle Risk to reward looks in favour of longs here with small downside risk
NSE:INDIACEMLong
by aktradelearning
MKR/USDT High Probability Setup Revealed!Yello Paradisers! Are you ready to seize a golden opportunity in the crypto market? 🚀 MKRUSDT is currently showcasing a high probability setup that might be your next big win! 🤑 💎MKRUSDT has formed a falling wedge and is showing a W pattern within the bullish order block (OB) zone. Here’s what you need to know: 💎If the price breaks out and closes a candle above the resistance zone, it will validate both the W pattern and the falling wedge. This would significantly increase the probability of a bullish move. 💎In case of a pullback, we can expect a bounce from the bullish OB zone. However, we need to see an I-CHoCH (Internal Change of Character) towards the bullish side for confirmation. 💎 If the price breaks down and closes a candle below the bullish OB zone, it will invalidate our entire bullish outlook and pattern. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
MLong
by MyCryptoParadise_Nathan
4
The Big Correction in Bank Nifty? Short at 52575 with 53100 SLTime: 10:22 AM, 26th June 2024 Bank Nifty Current Market Price: 52,585 Stop Loss 53100 Targets: 47843, 44,897, 44,444 and 40135 We shared our view on Bank Nifty (BN) in yesterday's post. A few people asked us to share the complete wave count in BN in detail with trendlines. Bank Nifty has completed its degree (2020-2024 wave). It has to go down for Degree 2, which can be a time-wise correction or a price-wise correction. There is a high chance of a time-wise correction, which might take a lot of time. Therefore, option selling with an edge is the safest option, or shorting futures with a call option hedge. 1. It has hit the Fibonacci levels we predicted a few days ago at 52,500 and made a high of 52,734. 2. The price has hit trendlines and given a fake breakout of a few previous trendlines. 3. Proper Selling Angle with few breakouts in weekly and monthly time frame. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:BANKNIFTYShort
by WaveMoku
FET/USDT Breaks Out of Descending Channel and Forms Inverse HNS!Yello Paradisers! 🚨 Are you ready to catch the next big move in FETUSDT? Here's what you need to know right now: 💎FETUSDT has broken out of a descending channel and formed an inverse head and shoulders pattern, significantly increasing the probability of a reversal from this point. 💎If FET breaks above the resistance zone, it will validate the inverse head and shoulders pattern. We can then expect a bullish move. 💎In case of a pullback, we can expect a bounce from the bullish order block (OB) level. However, we need an I-CHoCH (Internal Change of Character) on lower time frames for confirmation. 💎If the price breaks down and closes a candle below the right shoulder and the bullish OB level, it will invalidate our pattern and the entire idea. In this case, it’s better to ignore the setup and wait for a more reliable price action to form. Stay disciplined and patient, Paradisers. Remember, consistency and waiting for the highest probability trading opportunities are key to long-term success. 🎖 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Midcap bearish angleMidcap nifty clearly has bearish angle in 1D 1H timeframes. I only consider it bearish ones it start giving closing below the channel levels. But keep an eye whenever these triggers it will give bigger trades. Please keep following the below updates which i do on regular bases. If any changes in the plan you will get glimps of it. Also market is so unpredictable now a days. I mostly try to capture big trends but always prefer small trades enter & exit as i am a option buyer. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. And market can always prove me wrong and i take that rights too. Best way is. Keep the one side view when level breaks then keep booking the profits. Enter again in bounce with proper SL/risk management. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS,RIGHTS RESERVED.I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:NIFTY_MID_SELECT
by ashishhc
10
BANK NIFTY - TIME TO SELL & RUN AWAY ?Symbol - BANKNIFTY CMP - 51720 BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside. According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout fail scenario is highly likely. I'm expecting Nifty Bank to show a reversal from these levels & It may witness a strong profit booking. Hence I am creating huge short positions in Bank Nifty July Futures at CMP 51720 I will add more position at 52000, if comes & will hold with SL of 52200 Targets I'm looking for on downside will be 49260 - 48000 & In case If it breaks this rising channel on downside, We may see huge fall till 45500 - 45600 which is the ultimate target if any major correction happens. RR is very favorable here. That's why taking more position than usual. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
Bitcoin - Classic Flat-Screaming for 72000 Target Upside Elliott Wave Flat Sequence with Wave C Ending Diagonal In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures. Wave A: A corrective three-wave move. Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more. Wave C: A five-wave move, which can unfold as an ending diagonal. An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market. Buying Trigger Above 66457 Target 71993 From WaveTalks Abhishek
CRYPTO:BTCUSDLong
by WaveTalks
2
Bandhan Bank -Potential Breakout in Progress (Upside Target-430) I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later. No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell. Pattern: Falling Wedge (Similar to Adani Wilmar as discussed earlier) Such patterns swiftly move towards its starting point. In this case it is 430 From WaveTalks Abhishek
NSE:BANDHANBNKLong
by WaveTalks
4