Long consolidation Breakout small Stop loss Better Risk Reward Ratio
Triangle pattern Breakout with volume. Long trade opportunity, buy the dip if you get any.
View : Bearish Head and Shoulder pattern seen Neck of the pattern breaks may give quick returns in a day or two. Level to short : below 15700 If breaks the inclined trendline above 15800 then upside possible too but break must be with volume...
BankNifty seems to be bullish but at the resistance which was tested more than twice. Above 35500 bullish bet Below 34980 bearish bet
Buy the Dip above 15820 Sell the bounce below 15750
After a successful rally Upside, we have analysed that it will rest now. Range bound movement is expected... May go for strangle after tomorrow's expiry is closed.
Bank Nifty at crucial point. Tomorrow or on Monday may decide further direction
Nifty was range bound today (15 Jun 2021) Breakout above 15900 may give 50-100 points above slow and steadily. but if breaks down below 15825 filling the gap, then pitch is ready, playground is open for bears as Nifty is moving in channel and is at the upper end of the channel, ready to move down. Happy Trading !!!
If crosses 35350, then Bullish targets open up else, if it comes below 35110, then need to see how price action performs, might go sideways. Bearish below 34550
USDINR DOW theory Weekly View from Monday 14Jun2021 Uptrend in Daily Timeframe USDINR has broken out of a triangle/flag pattern Retest of the same is expected to go higher. However, gap up possibility is also considered, if this happens we are super bullish on it if it stays above the gap for at least an hour. Details given on the chart. Happy Trading !!!
Everything explained in chart... Sold Put options of lower strikes and next expiry... Disclaimer : This is a trading idea for learning. No trading call. Keep your stop losses and risks within your limits.
Nifty broke our bearish DOW theory and made a HH (higher high) than previous LH (lower high) If this bullish DOW theory has to continue, expecting a HL and then continue upwards. Cautiously Bullish view here. Though if on a broader outlook, it has not crossed high and we can consider today's high as Lower high compared to yesterday's High. So, on broader view, it...
Nifty in upward channel flag 15778 Very Strong resistance, if breaks again ATH records... (Bias is bearish though) Below 15715, breakdown of channel, may touch support at 15650 / 15620
Nifty broke the Higher Low of the previous Uptrend, making a Lower Low - Lower High formation. This can be considered trend reversal. Nifty may halt at this level between 15700 - 15500 If flag breaks down making LL below 15560, or makes a bearish candle pattern supporting bearish view, we may go for short. else price may halt here before continuing the downward...
Price squeezing and may break either side... Bias is Bullish though will act on break out / break down...
Adani Power Made a Rounding bottom breakout today. Generally these type of patterns may yield 3-5 times returns in short term period. Let's first aim for Double targets - that is length of the rounding bottom.... For Example, Happiest Minds which we provided earlier.