NeeteshJain

NeeteshJain

This is my first educational posting series on "Channels". In this educational series, I would cover five important points while dealing with channels, as given below: 1. How to identify trend with channels? 2. What is the right way to draw channels? 3. How to use Channels to find trades? 4. How to validate channel trades and manage risk? 5. Multi-time frame...

NeeteshJain

The price action is been trading in an uptrend channel for while and it is been going up and down within the channel's trendlines. Today's it is been observed that the price action is correcting after touching the high point of trendline resistance, indicating selling pressure. Now it making lower highs indicating prices to go further down. Now, it is correcting...

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The price action breaking out from a consolidation between trend lines or horizontal channel. I believe if the buyers manage to close prices above 500 levels then we might see a long upside move. Kindly confirm the breakout at the end of trading session to initiate trades for tomorrow. Hope you trade with care, Thanks for your support. Regards

NeeteshJain

Today, the price action breaks above the downward trend line, indicating bullishness. It is signaling that bulls are back in control of the price action. Good time to enter: Target: 95 Stoploss: 82

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The price action just filled the previous gap down space and now indicating weakness due to long upper wick. The last candlestick that had long upper wick also known as Gravestone Doji, a trend reversal pattern, that suggests rejection of higher prices. It is wise to short at current levels with stoploss. Target 1: 309 Target 2: 301 Stoploss: 332

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As per daily chart, the price action is breaking out from the cruical support of 1325, it shall now reach to the next support levels of 1300. It is also been observed that it is forming a head and shoulder pattern indication further bearishness in the price action. It is good to short at current levels taking stoploss at 1330 and target 1300

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The price action is indicating high buying pressure which surging prices up. It shall reach to 53 level soon. Target: 53 Stoploss: 50 Duration: 1-3 Days

NeeteshJain

As per Daily chart, the price action is consolidating in a symmetrical triangle. Showcasing Lower Highs and Higher Lows. Enter at Breakout to gain best out of it.

NeeteshJain

As per the weekly price action, it is been observed Wave 4 is correcting at present and it shall move to 355-360 levels. This is chart is on request of @Yuvrajsingh7722

NeeteshJain

On 15 mins Chart, the price action forms a consolidated triangle where the price action is breaking through. The pattern formation is created on a lower and short time frame and may last for a while. But for now it signals upside move on 15 mins chart.

NeeteshJain Updated 

The price action breaks out from a trending channel , indicating weakness and bearishness. It shall now reach to Fibs levels targets at 321, 313. Stoploss 336

NeeteshJain

The price action on weekly chart indicates a consolidation between 26-36 price levels (10 points range) where currently the stock is trading at the lower side of range. This week closing shall decide further direction in price movement. Keep it in your watch list to gain best out of it on time. I would also appreciate any feedback on it to bring clarity to our...

NeeteshJain

As per the price action saw on Monday, the gap down suggested a bulk selling and it shall continue the same for tomorrow until it reaches to previous support level where we could see some buying back that shall move the prices up to fill the previous gap and clear out demand and supply discrepancy. Target:19400 Stoploss: 20300

NeeteshJain

The price action breaks out from the rectangular consolidation indicates weakness. Target1: 131 Target 2: 128

NeeteshJain

For now, it seems like the price action shall take up prices to previous support level and will also fill up the Gap. The further price action will be decided once the gap is filled. Now it is important to note the price action whenever the prices touch previous support as high selling is expected at that levels which might take prices further down.

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It is been observed that the index is making lower lows and highs, indicating bearishness. It is also to note that the price action is going forward downside to fill up the gap that was created on hourly chart. That shall clear discrepancy and make buyers come back in the game again.

NeeteshJain

The price action has finally breaks out from a long preceding Ascending Triangle on daily chart, that indicated weakness and a bearish reversal. Target: 545 Stoploss: 600

NeeteshJain

As shown in the chart, the pitchfork pattern indicating that the price action is trending downward.