MyT_Trader

MyT_Trader

Order Block at Support: The price is trading within a marked order block zone (₹2,260–₹2,326), which historically acted as a strong demand area. This zone aligns with the upward-sloping green trendline, reinforcing support strength. Bullish Falling Wedge: (Similar to 3 Drive Pattern) A falling wedge pattern is visible, typically signaling a...

MyT_Trader

Observations: 1. Ascending Trendline Support: Price is forming higher lows, respecting the green ascending trendline, indicating bullish momentum. The trendline acts as a dynamic support zone. 2. Consolidation Zone: Price is consolidating just below a key resistance zone around ₹28,165–₹28,200. A breakout above this level could lead to a strong...

MyT_Trader

Observations: 1. Support Zone: Price is trading at a significant horizontal support zone around ₹2,160–₹2,200. Historical price action shows multiple instances of price respecting this level as strong demand. 2. Three-Drive Accumulation Pattern: A clear "Three Drive" pattern is visible, indicating accumulation at this support level. This pattern...

MyT_Trader

Accumulation Phase: The marked accumulation zone around 23,200–23,300 represents a price level where smart money (institutional investors) is likely accumulating positions. Retail investors are often shaken out in such zones, as these levels test the patience of traders through sideways movement and false breakdowns. The yellow "Stop Loss Order Zone of...

MyT_Trader

Uptrend and Resistance Trendline : Correct Analysis: The chart shows a clear uptrend marked by higher highs and higher lows. The price eventually breaks this uptrend with a significant downward move, indicating a possible Break of Structure (BOS) and trend reversal. Break of Structure (BOS) : Correct Analysis: The BOS is valid as the price broke below...

MyT_Trader

Trade Idea for LARSEN & TOUBRO LTD. Technical Overview The chart highlights a strong resistance zone near 3,727–3,750 , which has been tested multiple times. This is a key level to watch for a potential breakout. Price is currently taking support at the 200 EMA (black line), showing a critical area for bulls to step in. This is a pre-breakout trade ...

MyT_Trader

Pattern Observed: Head and Shoulders Left Shoulder: Formed with lower highs. Head: The peak point of the pattern. Right Shoulder: Slightly lower high, confirming the pattern. Neckline: A horizontal support line at approximately 96,000 USD. RSI Divergence RSI shows a downward trend while price action forms higher highs during the head. This bearish divergence...

MyT_Trader

Trade Idea Explanation: The emergence of the HMVP virus in India has created a surge in demand for pharmaceutical products, particularly antiviral medications. Sun Pharmaceuticals, as one of India's largest and most diversified pharmaceutical companies, is well-positioned to benefit from this heightened demand. This technical trade idea aligns with the potential...

MyT_Trader

Observations: Demand Zone : Identified between ₹269.50 and ₹280.80. Supply Zone: Identified around ₹330.75. BOS (Break of Structure) : Price has broken a significant structure, indicating potential bullish momentum. CoCH (Change of Character) : Transition from bearish to bullish sentiment is evident. Entry Point: Enter long near the demand zone...

MyT_Trader

Overview: This idea highlights a potential bullish reversal setup for ACC Ltd (NSE) based on technical confluences observed in the daily time frame. The stock is currently approaching a key Demand Zone and is showing signs of a potential breakout. Key Observations: Demand Zone / Order Block: The green zone (₹1,900–₹2,050) marks a significant demand area where...

MyT_Trader

Key Observations: Order Block: A strong bullish order block is aligned with the ascending trendline near ₹500-₹491, suggesting a high-probability support zone. Trendline Support: The price is respecting a long-term ascending trendline, which acts as a dynamic support level. Change of Character (ChoCh): A bullish change of character has occurred, breaking out of...

MyT_Trader

Instrument: TATA Consultancy Services (TCS) - NSE Timeframe: 1 Hour Pattern : An Inverse Head and Shoulders pattern has formed, indicating a potential bullish reversal. Key Observations : The Inverse Head and Shoulders pattern is still forming, but entering early at the Right Shoulder can provide an improved risk-reward ratio Early Entry Plan: Entry:...

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...