Date: 1st Aug 2024 Time: 9:12 AM What is going on in NIFTY 50 ? 1. As we all know Indian markets in continuously in uptrend in recent times so nifty 50 too. 2. Nifty is recently moving in range but sideways with uptrend as we can see in charts for Hourly timeframe. 3. There are clear supports and Resistances are visible in Nifty 50, Today is open...
Date: 22nd May 2024 Time: 10:33 AM Harsha Engineers INT is fundamentally strong and profitable company. Technically, >>> It has showed very strong breakout from its all-time range after giving Higer Low from the lowers price point. >>> Chart Pattern is big W pattern we can see in Chart too. >>> RSI- Above 60. MACD is also Positive. ...
Date - 22 March 2024 Time - 10:30 AM WHAT is, 1. VAH& VAL- The upper limit of the Value Area is called Value Area High (VAH), while the lower limit is referred to as Value Area Low (VAL). These levels can serve as potential entry and exit points for trades. 2. POC- The price level for the time period with the highest traded volume. -As we can see, since...
Date- 3rd April 2024 Time - 11:30 Am D P Wires has a Good Fundamentals Figures and giving Dividends too. While, Technically it is showing bullish Continuous Divergence in MACD compared to Price Action and has already given strong green candle for reversal confirmation. Also, Price is reversal from 100 EMAs support and also all over D P wires is Bullish...
Date: 11st July 2024 Time: 10:26 AM I have been waiting from this breakout since July 2023. So, Why Exactly Prime Focus? 1.Picture perfect sideways for years and breakout so study is in Monthly TF , which in itself strong point to noted. 2. Two-times already rejected from red zone and 3rd also but this time it Bounce back and breaks trendline...
DATE - 12th March 2024. HDFC Bank has breakout today with good amount of candle size and volume too. Applied Concepts Chart P. - Inverted H&S Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart. Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed...
Date: 24th April 2024 Time : 10:45 Am Valiant Organics has been in my watchlist for a long time, Finally, it seems like its Wave structure of downfall is finished with March low point. Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target. Apart from this There is a...
Date- 14th March 2024 Time - 18:41 -As we can see RIIL has formed Cup& Handle Chart Pattern and also trying to retest today on daily basis. -One more thing I have noticed and applied here is Fixed Range Volume Profile Tool , to identify where exactly the most volume has created. Which was 1000 Rs. in this case. -If Current price is above POC (Point of...
Date: 7th May 2024 Time: 3:30 PM Shalby was on my watch from past week, and I was waiting for entry level for good price to buy. First of all, there is a W pattern which formed in Sept 2023 but again came down, so I was waiting for entry after Retest in Shalby. I have done wave counts on Shalby from beginning and find that, Correction 5 Wave Structure has...
Date : 31st May 2024 Time : 11:45 Am Nifty at 1hr Support + 15min 3 White Soldiers Candlesticks Also in 1hr TF OB+ and FVG Gap in 15 min is visible. Short Time Buy side trade for nifty with 22900 Target and SL 22460
Date 10th April 2024 Time: 3:30 IDFC FIRST BANK was in a correction from last year's Sept. After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering . But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously. and finally,...
Analysis On 28th Feb 2024 USOIL seems like taking support of 100 Ema on Monthly and Daily TF. If it close above 5ema at the end of this February Monthly Closing it would be good confirmation to Buy.
This post is only for Educational Purpose. Just to remind you all the Power of technical Analysis. What a picture-perfect move by National Aluminum with, - Wave Theory - Bullish Continues Divergences with MACD - Double Bottom & Top Chart Pattern - Tringle Pattern Breakout with Retest - Reversed Bullish Divergence with RSI All these together works perfectly here.
Date 28th Feb 2024 MACD showing HL while Price A. Showing HH, This Indicates Sellers are Exhaust. but still can't make new Higher Low in Price Action, means buyers are in Command now.
Date - 13th March 2024 Time - 10:05 AM After seeing today's move of gap up opening and then filled the gap again. FIXED RANGE VOLUME PROFILE 1. This Volume indicator is more useful than ordinary horizontal and time base volume indicator. 2. Its Flexible to use and you can put wherever you want to identify at that particular time who are the dominators...
Date - 29th Feb. 2024 After seeing Chart, it seems like sellers are more aggressive than buyers because it fails to sustain resistance level and also 23rds gap up also not sustain. but still for safer side I suggest wait for retest for Buy side specially. and on smaller Timeframe should find short opportunity for next 2 to 3 trading days. Thank you!
Nifty 50 6th Sep 2023 Fair Value Gap draw on 5min TF. Here, FVG used to take entry at top and now riding this downfall identifying another FVGs down once market fall. Every Time buyers try to catch the trend every time that FVG zone rejected their pressure and consciously fall. Exit Criteria: Exit if achieve full Target or If candle close above FVG upper band.
Analysis on 9th February 2023 -Took Support on Black Trendline. (BUY) -ITC breakout and currently All time high. (BUY) -Stop Loss (346.90 rs) can be low of Big green candle because, High volume breakout which is also consider as a trustworthy Move. (BUY) -Indicators Also showing HL while Price Action is Making HH, which is Bullish Continues...