MyT_Trader

MyT_Trader Updated 

Timeframe: 15 Minutes Analysis Type: Technical Pattern Overview The chart highlights a bullish Inverted Head & Shoulders (H&S) pattern, signaling a potential trend reversal. Key components include: Left Shoulder : Formed near $94,800. Head : Created at the low of $93,500. Right Shoulder : Developing near $94,500-$94,800. The neckline is at $96,000,...

MyT_Trader

Chart Structure: The stock is moving within a well-defined ascending channel, connecting Common Bottoms and Common Tops over the long term. Currently, the price is bouncing off the lower boundary of this channel, signifying a strong support level. Key Observations: Doji Candle Formation at support indicates a potential reversal signal. This aligns with...

MyT_Trader

Observations: Order Block (Demand Zone): The blue zone indicates a strong demand area where institutional buying might occur. Price has recently tested this order block and moved higher, confirming its strength. Trendline Break and Retest : A previous uptrend line (black) was broken, and now the price has retested the area with potential for further upside. ...

MyT_Trader

Trade idea for Shriram Properties Ltd : Observations: Demand Zone: A significant green zone indicates the demand zone, where buyers are likely to step in. Current price levels align with this demand zone. Trendline Retest: The price has broken above the downtrend line (red line) and is retesting it, which could act as a strong support level. Consolidation:...

MyT_Trader

Technical Observations: Order Block Zone: The stock is trading near a significant order block support zone (highlighted in purple), which aligns with past accumulation and breakout levels. This zone has acted as a strong demand area, indicating that buyers may step in again. Trendline Base: The green trendline, respected for an extended period, provides...

MyT_Trader

This chart highlights a promising breakout and retest setup on the daily timeframe for BCL Industries Ltd. The stock has shown consistent respect for key trendlines and is presenting a high-probability trade opportunity. Here’s the detailed analysis: Technical Observations: Trendline Support Since Listing: The green trendline represents a most respected...

MyT_Trader

This chart displays a long-term bullish setup forming in Suryalakshmi Cotton Mills Ltd. on the weekly timeframe. The stock has been consolidating for several years, showing a distinct rounding bottom pattern, which is a classic reversal signal often associated with significant upside potential. Here's a detailed breakdown of the trade idea: Technical...

MyT_Trader

Reasons for Trade: 1. Nifty Trading at 0.6 FIB Levels 2. Nifty is at 2024 Elections Breakour Order Block 3. Bullish Divergence in RSI (1hr Time Frame) 4. Nifty is trading at Support Line of Descending Parallel Channel Suggested Position: Entry: 23380 + If Nifty Sustains above 23400 Level any bullish Patterns in 15 min or 5 min Time Frame Stop Loss: 23305 Target:...

MyT_Trader

There is buyers liquidity above the ORDER BLOCK Generally Price fluctuates between BUY OB and SELL OB Possibility, that Market takes buyers SL and reverses from Unmitigated order block PREFER TO TRADE FUTURES or DEEP IN THE MONEY MONTHLY EXPIRY

MyT_Trader

Multi Year Break out With Volumes (Weekly TimeFrame) Retest and Base Formation at 280 levels (Daily Time Frame) Traingle BreakOut (DailyTime Frame) Suggested ENTRY: Entry: 342+ (if 1 Day Candles sustains above 342) SL 280 Target : 680