Weeklyforecast
NIFTY Weekly levels in Action SEP 19-23 2022
Last Week Weekly levels in action:
drive.google.com
Next week weekly levels
Buy Above 17600.40
Buy Targets 17666.73 17732.70 17786.01 17839.33 17915.24 17961.32 18118.56 18291.15
Sell Below 17519.80
Sell Targets 17453.47 17387.50 17334.19 17280.87 17204.96 17158.88 17001.64 16829.05
If NIFTY goes above 17600 We can BUY with a Stop loss of 17519 or with 17500 PE Hedge or Vice versa for SELL
Keep in MIND the Monthly levels act as good support or resistance (See related idea for reference).
Day Traders can see the support or resistance to the weekly levels for intra-day support/resistance
My Positional Trend Break down point is KEY value for Intraday as well to see the BIAS for the day updated daily
Good Possibility of reversal of TREND on 19 EOD or 20th SEP
PLAN YOUR TRADE (before market opens) and TRADE YOUR PLAN ( No planning /thinking during trade only action).
Not working according to your plan Do NOT Trade.
Ethusdt 2022 TA Weekly ChartEthusdt 2022 TA Weekly Chat
Chart analysis Basis on 50 Ema & 200Ema including Fibonacci Retrace ratio 1.61
Candlestick charts are a technical tool that packs data for multiple time frames into single price bars. This makes them more useful than traditional open-high, low-close bars or simple lines that connect the dots of closing prices. Candlesticks build patterns that predict price direction once completed. Proper color coding adds depth to this colorful technical tool.
All Mention support and resistance are very important points. Always set SL when you take trade.
Warning : This is just a Idea i share just check Candle pattern before taking any trade.
Chart Ta By: ForexCafe_INR
Nifty Analysis for Next week 30-06-2022Nifty Accumulation Phase Identified on June 21 0008hrs
After accumulation in nifty price broke out and sustained above the accumulation range. and gave a retest twice ..
Second confirmation : A Symetrical triangle breakout and sustained above it all day on friday
Now we have a confirmation that price is about to go bullish for the time being .. So whats the target area (Or) a confirmation area where we can say that we hit the bottom and we are about to see bull run?
16000 - 16200 is the area where you can take confirmation as you can see there is a trend line that might act as resistance. If only this area is breached and sustained .. we can say yes we have hit our bottom.
16000 is a psycological level keep an eye on this area. Direction possibilities are givenon the chart
Accumulate Indiabulls Housing Finance 1.Symmetrical Triangle support
2.Parellel Channel support
3.RSI looking good
4.MACD above signal line
5.Making higher highs higher lows
Buy near - 205-210
Targets - 230,245,260,280
Keep SL near - 180 (Static)
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Coffee Day opens up 2 wild targets that can help swing traders pCoffee Day opens up 2 wild targets that can help swing traders profit up to 300%?
Coffee Day stock has now moved from Stage 1 to Stage 2. This indicates a start of a new uptrend.
What's been brewing so long? (in technical lingo)
The basing stage has taken about 18 months from its all-time low of Rs. 14.25 in June 2020
The first weekly contraction was sharp and deep. It formed a low of 20.20 and moved to make a high of 49.65. The flag pole rise was a good 145% in a scant six weeks. The second contraction was again deep. The final weekly pivot range was in the narrow range of 13.73% and this took a good six weeks as well.
The current week’s close has witnessed a convincing breakout, that's supported by high volumes. A Wide-Ranging Bar (WRB) that formed this week has decisively closed at its highest levels and broken above on the weekly charts.
It's time to perk up and watch out for more.
This is the time where the market participants can continue their buying frenzy in truck loads. The early phases in the last two weeks have already seen significant buying since the 18th Oct 21. The higher weekly volumes show that Institutional buying has been in progress for the past seven weeks.
The institutional buyers seem ready to fire on all cylinders.
What lies in the weeks ahead?
The possibility in the coming week itself strongly seems to suggest a gap up open on Monday. The coming two weeks could lead to follow-through in price action with a high probability of the stock continuing to close at its extreme highs.
In all probability, this stock has a strong potential to turn into a +3X multibagger.
Potential targets for the upcoming first half of 2022 are;
Target 1 = 76.80 (+55%)
Target 2 = 89.55 (+80%)
Target 3 = 99.45 (+100%)
What looks possible further out into the future?
The second half of FY 2022 could well see the following wild targets opening up.*
Target 1 = 195.70 (+295%)
Target 2 = 216.80 (+337%)
*Subject to the uptrend remaining intact.
What are the hurdles ahead?
The range of 76.80 to 89.55 could well offer strong resistance. It will be interesting to see how Coffee Day powers through these ranges. These ranges should offer an opportunity for a healthy pause, consolidation, and low-risk entry at these higher levels.
Once Coffee Day manages to clear and sustain above 99.45 and close into the 3-digit territory. Then the path ahead could well be ready for a ludicrous mode move. (Tesla fans would understand this) For the rest of the guys that means rocket boosters lying in this zone could rapidly take this stock to the higher zones indicated.
Here's my Trade Plan
- Entry: Test Entry on market open. Add on pullbacks at 44.15, or worst case up to 40.20
- Initial Stop Loss (ISL): Below 38.80
Will keep updating the stock views on a weekly basis. (Depending upon significant price action and market structure changes.)
Coffee is best enjoyed while it's smoking hot.
Broke the support in Daily TF.JK TYRE broke the support in Daily TF, it has not yet hit the SL marked based on the weekly plan. It may come down further, you can plan for averaging. After reaching the weekly support the trend may reverse. This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Breakout In LARSEN & TOUBROA Range Breakout on WEEKLY and DAILY Timeframe can be seen in LARSEN & TOUBRO. Would suggest to go Long or make long Position at CMP or also can enter in that zone if it doesn't close below the zone on weekly timeframe. Can be a good positional trade for the target of level 1885 or you can also consider latest dip as a upside target with strict stop-loss of 1511 level OR you can also consider given zone as a stop-loss if breaks and closes below the zone in weekly timeframe at 1585 level (only on closing below basis on weekly timeframe). And if manages to close above the given zone of 1586-1607 in MONTHLY TIMEFRAME chart it'll be considered as a MULTIYEAR BREAKOUT, Will update Target if SO happens.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
JUBILANT INGREVIA,DAILY LINE CHARTJUBILANT INGREVIA.DAILY LINE CHART
STUDY AND INVEST ,not a buy recommendation
CHART LOOKS GOOD,
CURRENTLY STOCK PRICE respecting the trendline beautifully After a breakout from consolidation, .STUDY THE FUNDAMENTALS ,Watch concalls and investor presentation for more idea about future plans of the company,
Bitcoin still holding Support trendline in weekly time frame!!#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
In Weekly Chart, Nothing Has Changed, Another Weekly Candle Closed Above the WMA50 (31880)..!!
8th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (31880) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains Above it, Bitcoin Might Bounce Back towards 60k (Previous HIGH)
if Bitcoin Break down it, Bitcoin Might fall Back towards 20k ( Pervious low)
I believe things will change soon.
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