As per my previous post ( ), I was supposed to go long above the triangle and short below the triangle. Market opened with a gap above the triangle, followed by a horrifying bearish morubuzu on 5min. chart. I wanted to enter long as near to swing high B as possible. So I entered 2 lots long in the second 15 min. candle @9890 with SL@ 9862 and target 9922. As...
Notes on the charts. Hit like / comment if you think these observation can be useful. Trade safe, stay healthy. Best Regards Bravetotrade
NMDC retraced almost 78% of the 3rd wave and 61.8% of the whole move from 75 to 152. The stock seems to have made a nice reversal near 102 for the beginning of wave 5. As per this Elliot count, 152 levels are quite possible in medium term. Entries -- either current price or any lower price if and when the opportunity arises. Targets -- partial profit @ 133,...
Whenever Raman, one of my best friend, sits in front of Television and hears a Technical analyst he could not stop himself saying," ho sakta hai wahan tak chala jaye..neeche bhee aa sakta hai..oopar bhee ja sakta hai..bc..inko kush bhee pata nahi aur hame bevakoof bana rahe hain". The psychological setup of people like him is so rigid that we can never convince...
Hit like if you think this observation can be useful. Trade safe, stay healthy. Best Regards Bravetotrade
Hello traders, I have shared some of my observations on NiftyIndex. I hope some part of this information may help you to build future plans of action. Plz. correct me if you think some rectification needs to be done. Hit like / comment if you think these observation can be useful. Trade safe, stay healthy. Best Regards Bravetotrade
Notes on the chart. Hit like if this analysis is informative. Comments are welcomed. Trade safe. Best Regards Bravetotrade
Please follow your best trading plan to trade this idea. Hit like for better publications in future. Comments are welcomed. Trade safe. Best Regards Bravetotrade
The Pattern has not yet completed itself so in anticipation of it being a bearish Gartley, the potential reversal point could be around 1174. The level 1158 could also act as a supply zone, so I would call 1158-1174 to be a potential reversal zone. If price breaks above the yellow trendline (shown in chart) it would have tendency to test the reversal zone. The...
It can be observed that the stock has been gyrating in a channel. The current buyer interest at the bottom trendline of the channel reflects the strength in the stock, which can take it to the upper end of the channel. Aggressive entries could be on break above 1400 while conservative entries could be on pullbacks. Possible levels will be updated if time...
One can clearly observe: nice rotation of price inside a channel; the wedge formation; and the price bouncing from a support line (red dashed line). Currently the stock has retraced back to an important confluence point at 214-215 zone. On short side, a break below the confluence zone can take the price to 310.50 and 307.50 levels. Stops would be above 320. On...
Hello Traders, All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...
Since my last post reflected a long term bearish bias on the stock (See >> ), that doesn't mean we shall not take intermediate and short term up moves. In the short to medium term the stock may tend to touch the resistance area before showing any signs of weakness. Hit like for better analysis in future. Comments are welcomed. Trade safe. Best Regards...
Notes on the chart. Hit like if this analysis is informative. Comments are welcomed. Trade safe. Best Regards Bravetotrade
Notes on the chart. Hit like if this analysis is informative. Comments are welcomed. Trade safe. Best Regards Bravetotrade
Yes Bank should be on radar at this stage. Stock is in a short term uptrend. It is not yet confirmed if a new wave has started from 1401 or not. But what can be observed is that the price has been gyrating in a channel and is approaching the supply zone. One can look for a bearish setup in this zone and go short. Hit like if this analysis is informative....
Notes on the charts. Hit like if this analysis is informative. Comments are welcomed. Trade safe. Best Regards Bravetotrade
Hello traders, SBI had a nice breakdown below 281. In order to take this trade with minimal risk we can try our pullback strategy. I would like to see a weaker pullback into the 281 zone along with lower volume. I prefer to see some bearish confirmation in this zone and then short. Potential cover could be at around 270 zone. Let's see if we get this opportunity...