PraffulAgarwal

PraffulAgarwal

1. Cup completed, second half is almost 90 degree move up 2. retracement of 38.2 coincides with WEMA and support area

PraffulAgarwal

Analysis posted is of CNXMETAL that is showed here on quarterly time frame chart, hence it isn't meant for executing trade rather its indicative of sector strength as depicted by pattern. 1. Inside bar 1 2388 points 54% 2. Inside bar 2 1710 points 25 % 3. classic Inside up candlestick pattern under formation

PraffulAgarwal

1. M pattern at top 2. a lower high forms 3. a confirmation below neckline will activate the trade

PraffulAgarwal

head and shoulder develops after an uptrend watch for bearish signal to enter trade for good RR

PraffulAgarwal

after a prolong down trend price has multiple bullish confirmations 1. breakout of downward sloping channel 2. blasting volumes on breakout 3. a shallow correction of 15 % indicating bullishness in trend 4. W pattern of 281 points breaks Trade plan accumulate on dips

PraffulAgarwal

1. price above 50 EMA 2. a symmetrical triangle consolidation with 2 iterations of volatility contraction 3. latest contraction of ~25% , wait for a single digit 4. No long term base formation- a negative

PraffulAgarwal

1. price breaking out of a flag structure after 12.5 % retracement, pole length 633 2. structure in uptrend 3. price took support at 20 DEMA Trade:- staggered buy above breakout candle and retracement to breakout level with sl below the base

PraffulAgarwal

1. a bearish divergence between RSI and price is spotted 2. it formed in latest breakout of range, suggesting probability of a fakeout or sideways movement 3. uptrend is still intact with HH-HL formation Trade:- write OTM CE view negates if a solid green candle counters PDH

PraffulAgarwal

On weekly chart 1. volatility is contracting continuously in past 4 cycles 2. very long term consolidation at the top 3. RSI downsloping and squeezing Trade 1. write options till contraction going on 2. trade breakout on confirmation for a rally

PraffulAgarwal

1. uptrend 2. cup formed with ~26 points depth 3. RS positive Trade:- wait for a retracement/ pullback to 80-82 levels to accumulate for 130 target

PraffulAgarwal

1. Cup and handle formation at the top 2. handle breakout and price sustained 3. volumes havent spiked yet 4. price hasnt break previous resistance 5. bearish divergence in price RSI behaviour Trade:- overall bullish setup wait for indicator or price to catch up

PraffulAgarwal

1. uptrend intact on higher timeframe 2. a distorted head and shoulder has formed at top, not activated yet. 3. price is above 20 and 50 dema that will act as support on any downmove 4. a low bar count tight pennant has also formed trade:- wait for break and close on either side, secured trade on bearish side as there are dynamic and static supports available

PraffulAgarwal

1. head and shoulder of ~7 % depth formed at top of current rally 2. a deeper correction to 477 zone as target

PraffulAgarwal

1. post a 50 % correction there are some signs of reversals 2. inverse head and shoulder at bottom formed, not activated 3. ABC pattern of first HH-HL formed on weekly charts 4. long term rounding bottom pattern which still has 2000 points room of upmove 5. low cheat treandline breakout and entry available

PraffulAgarwal

1. RS positive 2. RSI>60 with hidden bullish divergence 3. 7 bars closing inside a big bar 4. triangular consolidation Trade breakout of falling trendline for longs target 700 breakout and close below the support flat line on hourly target 648

PraffulAgarwal

a bearish wolfe wave pattern has developed on NIfty weekly chart, whenever activated it has targets of 18606, 17061, 16250 and 15600.

PraffulAgarwal

1. recent lower low is taken out with new lower high, down trend intact 2. ~10% downside open 3. Trade Plan- sell on rise for a better RR, current prices dont have that 4. RSI and RS at low level and negative respectively

PraffulAgarwal Updated 

1. price bounced from 200 wema and back into consolidation area 2. 40 week downsloping trendline break and price sustained above it 3. price to attempt to break 21 week base breakout wait for structure change confirmation