Coffee Day - NSE ChartThis is an analysis for educational purposes and not meant for trading purposes.
X-indicator
Bullish Three Drives Pattern in NIFTYAccording to bullish three drives pattern nifty indicating reversal of previous downtrend. Today we got the breakout of its resistance trend line if nifty sustain above this level one more trading session then we will get confirmation about the uptrend in market.
According to pattern there was a good entry near 14150 level. It was also 100 Day's EMA level support. Also, Can take breakout entry of downtrend parallel channel of this pattern for target of each swing high. This breakout can give movement upto first swing high 15425+.
Max healthcare 1:2 RR SetupAs the cases of covid increases day by day hospitals will be making much profits in coming quarters .
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FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
IMPULSE Definition:
A “flag” is composed of an explosive strong price move forming a nearly vertical line.
This is known as the "IMPULSE" or ”flagpole”.
The sharper the spike on the flagpole, the more powerful the bull flag can be.
Corrective Wave Definition:
After an uptrend, it has a downward slope. After a downtrend, it has an upward slope.
This downward or upward slop known as "Corrective Wave".
Flag patterns can be bullish or bearish:
A bullish flag is known as a Bull Flag.
A bearish flag is known as a Bear Flag.
How to Trade FLAG Patterns:
When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead.
Breakouts happen in both directions but almost all flags are continuation patterns.
This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward.
Trading suggestion:
There is a possibility of temporary retracement to the suggested support line (14.730).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 17.978
TP2= @ 19.619
TP3= @ 22.431
TP4= @ 26.000
TP5= @ 29.460
TP6= @ 33.744
SL= Break below S2
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Nifty ; weekly analysis Nifty taken support and sustain last week. But its still with bears hand. 14566 is maximum level for nifty.
Downside once its break 14233, we may see sharp fall.
For Education purpose only
SAIL- Hnagman formedIn SAIL hangman was formed.
Hnagman usually shows tred. green- bullish, red - bearish.
SEYA INDUSTRIES- Learning to catch Explosive stocksThis stock has a Market cap of just 159 cr.
I just happened to see the stock with a HUGE volume bar.
I drew the line from the top connecting the resistances and found it to be a BREAKOUT.
Then, I spotted another squeeze and connected the supports and resistances after which I spotted the same pattern on the RSI as well.
Next I plotted the 50 & 20 DMA and found it to be just above the breakout area of the squeeze.
The MACD also is on the verge of a crossover.
Lets observe and see if this stock turns Explosive or not ? If yes, Analysis is working great and we will spot more explosive stocks this way. If not , we will learn what went wrong.
Gujarat themis biosyn trend analysisAs we can see in the chart the stock has given a breakout after a reasonably good fall over a period of time, this can be a good buy because this company makes pharmaceutical products namely rifampicin which is useful in fighting bacterial infections which might prove as the benefit due to the pandemic which is going on. Further the company has pretty impressive fundamentals with a whooping ROCE of 83% (there is a lot more to its fundamentals which you can check on internet), and at last its a debt-free company.
DLF Preparing with Bullish Price Action.WEEKLY CHART
1. Bullish Hammer Pattern
2. Bullish Engulfing on daily
Chart
3. Almost close to 50%
retracement of current
rally.
RBL BANK | Support till 156, more downside below
RBL Bank structure looks weak at the moment, if it violates level 165 on closing basis can se more downside, at crucial zone.
In daily TF negative crossover of 50EMA and 200EMA
Beware those holding the script
lecture-4| MACD| Basics of stock markettoday's lesson is more about the MACD indicator, which we consider as a confirmation indicator. MACD is used in combination with RSI and candlestick pattern.
it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
Lecture-2 Candestick patternThis is the second lecture of the series "basics of the stock market". In this class, we will discuss few candlestick patterns and will try to identify those in the chart.
""Classic example of Breakout with Volume"[HAPPSTMNDS]''Happstmnds Recent IPO"
After very good IPO listing
Stock was in consolidation after Steller listing
was not able to break first day high for quit few times
1. Try to break in first attempt(shown in candle '1')
good volumes seen but candle was weak onw
But BO of this candle not happened
2. Again try to BO (shown in candle '2')
good volumes with very strong candle
after forming candle '2'
stock went to consolidation with decreasing volumes
BO of candle '2' happened with strong candle and good volume
then very good move seen
this is live example of breakout with volume
The best indicator for banknifty future.NIKI BANKNIFTY is one of the best indicators for bank nifty future. It will work on 5 min chart with a candle pattern. It has an accuracy of 88% and a profit factor of 5.2. It has a fully automated trading setup with Indian brokers. It can be accessible from invite-only scripts.
