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HCL Tech Reasons/Traits : • Bullish Gartley harmonic pattern is forming (gets confirmed if price goes and stays below 1254) • Price below 13 EMA ready to touch 50 EMA • Price is below 0.236 retracements levels • RSI falling What can happen next : Scenario 1 : Price sustaining above 1265 levels can take it to 1285/1335/1365/1400 levels Scenario 2 : Price break...

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Ninja Intraday Scalping in Bank NIfty 28 oct 2021, 200 points gain in falling market. Please do drop your comments if you have any questions on this Ninja Technique.. Thanks

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Ninja Intraday Scalping in Bank Nifty 29 oct 2021 (pull back method), 500 points gain in falling market. Please do drop your comments if you have any questions on this Ninja Technique.. Thanks

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Ninja Intraday Scalping in Bank NIfty 27 oct 2021. Please do drop your comments if you have any questions on this Ninja Technique.. Thanks

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Bank Nifty intraday Ninja Scalping 26th October 2021

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Ross Hook pattern (simple) explanation using Bank Nifty Daily chart : We tried to explain Ross Hook pattern in a very simple way here taking Bank Nifty Daily chart as example. Ross Hook pattern can be termed as an extension/correction/advancement (as per me) to 1-2-3 pattern. The difference which can be noticed is hook kind of formation after point 3 where...

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TCS is showing signs of bearishness.. Reasons/Traits : • Ascending triangle pattern breakout seems reached the target (For this pattern targets usually will be the width of current triangle pattern as shown ~16%) • Daily Trend far away from 200 EMA • Uptrend is in pause mode • Bearish Abandoned Baby pattern (last 3 candles) formation seen (very rarely this kind...

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Multiple confirmation for breakout (GBPJPY) : We want to share a perfect example of breakouts. There are multiple confirmation of break out on a daily basis for GBPJPY : • Flag pattern breakout • Double bottom breakout • Head and shoulder breakout • EMA 13 cross over of 50 EMA and recent support of 200 EMA twice Disclaimer : This analysis is only for...

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Few learnings I want to share taking Adaniports daily chart as example: EMA’s 13,50 and 200 are plotted in the chart. An ideal price should always be near to all EMA’s but due to demand and supply and various other factors, price revolves around the EMA’s. High demand or High supply will make these EMA’s move away from each other. But the fact is after some time...

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Grasim is in strong uptrend…. Reasons/Traits : • Bullish Cypher harmonic pattern and its retracement is completed • Strong uptrend with high increasing volume is seen • Grasim is again at life time high • Further uptrend on earlier highs of 22nd Jul and 2nd Aug 2021 were rejected now again testing high levels What can happen next : Scenario 1 : Strong uptrend...

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Is Wipro’s consolidation completed ? Reasons/Traits : • Gartley Bullish Harmonic Pattern formation is seen • Todays close is exactly at 0.5 Fib retracement level of last swing high and also taking a support of current up trend • Price took support of 20 EMA today • Stock is still bullish as Bulls are in control as per indicators What can happen next : Scenario 1...

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Will Tatachem reach new heights? Reasons/Traits : • Channel pattern breakout seen today • Bullish since last 4 days • Good strength in RSI and strong uptrend is seen • Perfectly following wave analysis • Price is making higher highs What can happen next : Scenario 1 : Price sustaining above 890/892 can take the price to 920/940/960 levels to complete ABCD...

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Maruti Suzuki is at an important level to go up or down …. Reasons/Traits : • Bullish Cypher harmonic pattern can be seen completed and trend reversed (after this pattern, usually trend will be up) • Currently at 6781 … retest level to go up or down • 5 EMA is crossing 20 EMA from bottom • ADX is indicating strong trend What can happen next : Scenario 1 : If...

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Reliance is ready for big move… Reasons/Traits : • 0.236 Fib levels support can be seen • Taking support at 13 EMA • Consolidation during uptrend can be seen • Bullish Cross Doji formed today (bullishness) What can happen next : Scenario 1 : If price break 2435 then can go up to 2480/2500/2550/2600/2650 Scenario 2 : Stock if breaks the 13 EMA support and 0.236...

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PVR is at an important level to go up or down …. Reasons/Traits : • Recent completion of Bearish Bat harmonic pattern, after this pattern, usually trend will be down • Flag pattern is seen, a break out or break down can happen as 3 times up and down side of the channel is touched and not broken • Currently 1350 support taken, where 5 EMA is crossing 20 EMA and...

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Short term Swing trading opportunity in Infy Reasons/Traits : • Bearish Butterfly pattern formation yet to form • Dark Cloud Cover candle formation seen today • Symmetrical Wedge pattern formation is seen – Break out or Break down can happen in this formation for an intraday/short term swing trade • Price is under 20 SMA with decreasing volume What can happen...

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UpTrend reversal pattern signals seen in BajFinance Reasons : Daily chart trend closed below 5 MA Evening star candle stick formation seen with today close Earlier 2 inverted cross doji's formed and not activated yet Rally is paused after 31st August Volume Decreasing RSI Decreasing Trend is far away from 20 and 200 MA For healthy uptrend, stock has to test...

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How to ride on a swing trade? One good strategy in price action is to use 21 EMA and ride on swing trades for short or long terms. 21-day EMA can be called as the Goldilocks of all moving averages. 5,8,13 can be too tight and 50,100,200 are too loose for looking at moving averages, hence 21 EMA can be considered as a powerful average. In this strategy 21 EMA LOW...