A Double Top is considered a bearish signal, indicating a possible reversal of the current uptrend to a new downtrend. Sometimes called an "M" formation because of the pattern it creates on the chart, the Double Top is one of the most frequently seen and common of the patterns. The Double Top is a reversal pattern of an upward trend in a financial instrument's...
BANKNIFTY Intraday Trade Setup For 23 Feb 2022 Buy-Above 37670 Sl-37570 T-37915 38000 Sell-Below 37000 Sl-37100 T-36850 36650 BANKNIFTY opened with a very big gap down today. Bulls showed their presence at support level and moved it higher. We planned to trade the 10 o'clock range if opens with big gap up/down. Gave a good momentum in upside. Coming to...
NIFTY Intraday Trade Setup For 23 Feb 2022 Buy-Above 17150 Sl-17100 T-17205 17290 Sell-Below 17040 Sl-17090 T-16975 16900 NIFTY opened with a very big gap down today. Took Support from important support zone in the hourly TF. Bulls tried getting in from the support zone of 16800 levels. Coming to tomorrow's trade setup, We will simply buy above 17150 if a 5...
NIFTY Intraday Trade Setup For 22 Feb 2022 Buy-Above 17270 Sl-17220 T- 17320 17450 Sell-Below 17170 Sl-17210 T-17100 17050 16975 We planned to sell NIFTY below 17210 below the range. Our target was 17080. It gave almost 140 points profit. It was a smooth trade. But as soon as17080 was triggered . It shot up till 17350. Both moves were trendy. Coming to...
BANKNIFTY Intraday Trade Setup For 22 Feb 2022 Buy-Above 37815 Sl-3700 T-38000 38330 38500 Sell-Below 37590 Sl-37690 T-37330 37200 37000 We discussed to sell BANKNIFTY below 37490. Index gave more than 300 points fall after our sell levels was triggered. It gave profit in the 1st 15 Min only. Then Our PRZ in NIFTY - 17080 was triggered that time BANKNIFTY was...
#HINDUNILVR Buy-Above 2300 Sl-2200 T-2450 2670 Stock has made a double bottom at 2200. So kept 200 as sl as below this stock may side to lower levels. 1st target will be the neckline itself near 2400-2450. Then Above 2450 we will get a move till 2670-2700. Safe traders can enter above 2330.
#BPCL Buy-Above 370 Sl-355 T- 400 430 470+ Just Because RR Is Good. Stock is making a double bottom here. However Neckline is above 410. This is a aggressive buy trade. Also above 380 we will get a confirmation to build our position.
NIFTY Intraday Trade Setup For 21 Feb 2022 Buy-Above 17310 Sl-17270 T-17360 17400 17470 Sell-Below 17210 Sl-17250 T-17100 NIFTY has been in the range of 17200 and 17500 since last 3 trading session. Simple way to trade range is buy from the range low or from the support zone and sell from the range high. If sl hits in this kind of trade then understand that the...
BANKNIFTY Intraday Trade Setup For 21 Feb 2022 Buy-Above 37680 Sl-37580 T-37800 37900 38000 Sell-Below 37300 Sl-37400 T-37000 BANKNIFTY has closed almost flat on Friday. Also a range has been created since last 2 trading session. 38000 is the level above which a good directional move will come. And 37300 is the level below which index will give a good...
BANKNIFTY Intraday Trade Setup For 18 Feb 2022 Buy-Above 37930 Sl-37830 T-38130 38350 Sell-Below 37400 Sl-37500 T-37230 37000 BANKNIFTY as discussed yesterday that we will sell below 37800. It gave a 300 point move in the downside. Then Index turned total sideways. Once again it has made range in intraday. Range is 37500 in the downside and 38000 in the...
NIFTY Intraday Trade Setup For 18 Feb 2022 Buy-Above 17500 Sl-17450 T-17580 17640 Sell-Below 17230 Sl-17270 T-17150 17080 NIFTY is trading in a broader range since last 2 days. That is why we discussed to sell the range for this expiry. Directional move will be seen on this range breakout/breakdown. Below 17230 we will short for the target of 17150 and 17080....
BANKNIFTY Intraday Trade Setup For 17 Feb 2022 Buy-Above 38200 Sl-38300 T-38400 38600 38900 Sell-Below 37750 Sl-37850 T-37575 37300 BANKNIFTY has traded in a broader range today. Today's trading range was almost 700 points. Also it has made a complete range between 38460 and 37760. Today's high and low will be the main trigger for any directional move either...
NIFTY Intraday Trade Setup For 17 Feb 2022 Buy-Above 17500 Sl-17450 T-17585 17650 Sell-Below 17250 Sl-17300 T-17150 17100 As we discussed yesterday that Index may trade sideways. This was expected after a big move. However today's trading range will be very helpful for tomorrow's expiry. Index has made a range of 230 points. Trade setup is very simple , the...
#HDFCBANK Buy-Above 1500 Sl-1470 T- 1580 1615 1690 All NIFTY pack is ready for a fresh move. Reliance Titan HDFC Bank And many stocks are ready to pull Index. RR is too good here.
BANKNIFTY Intraday Trade Setup For 16 Feb 2022 Buy-Above 38250 Sl-38150 T-38500 38800 39000 Sell-Below 37900 Sl-38000 T-37600 37400 BANKNIFTY has formed a big bullish candle today. It was a short covering move of more than 1250 points. We planned to sell below 36800. It can more than 150 points profit. Then we found a double bottom after 11 o'clock. As soon as...
NIFTY Intraday Trade Setup For 16 Feb 2022 Buy-Above 17400 Sl-17350 T-17500 17550 17600 Sell-Below 17250 Sl-17300 T-17200 17100 NIFTY has made a complete bullish engulfing candle today. We planned to sell below 16800 for today. But that level did not come and that was invalid. Our buying level was 17100. It got triggered and gave us 270 points from there....
What is descending triangle ?? The descending triangle is one of the top continuation patterns that appears mid-trend. Traders anticipate the market to continue in the direction of the larger trend and develop trading setups accordingly. The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline...
BANKNIFTY Intraday Trade Setup For 15 Feb 2022 Buy- None Sell-Below 36800 Sl-36900 T-36550 36375 36200 BANKNIFTY has formed a big bearish candle in daily TF. It fell more than 1600 points today. However half of the fall is contributed from gap down opening. No previous high was tested in 15 TF. It made a triangle till 2 o'clock. It fell from 37200 to till 36830...