Sanjan91

Sanjan91 Updated 

Birla corporation's stock price is near the supply zone. If the price falls from here, go long at the demand zone and if the price manages to break the supply zone, go for a momentum trade position. The bullish bat pattern sets the demand zone and below this demand zone, a huge fall could come. Below the demand zone, the downtrend will be confirmed because it has...

Sanjan91 Updated 

This is a weekly chart analysis of BTC. Yesterday in a sudden crash, BTC has broken the support trendline. But the confirmation for the downtrend will be the price breaking below the 41k level. Until it breaks below the 41k, BTC may be in consolidation. If the price manages to bounce off the 41k mark after reaching it for support, add quantity in a long...

Sanjan91 Updated 

Adani ports' price has corrected a long way and now it is near the breakout zone. If the price sustains above the 762 level then it can go near the supply zone. There are 2 scenarios here, 1. Go long if the price breaks out at the 762 level. 2. Go long near the demand zone, if the price gets rejected from the 762 level. This demand zone must give good support...

Sanjan91 Updated 

Adani power underwent a lot of correction recently but now took the support of a trendline. If the 113 level is crossed, then we might see the above targets. Here, the targets are forecasted by the XABCD bearish bat and butterfly patterns. This is a very risky trade considering the stop loss level being 20% below the buy level but highly rewarding if the trade...

Sanjan91 Updated 

GLS has broken out the previous swing high and is showing bullish signs. Go long above 707 and put your stop loss at 659. Targets are mentioned on the chart using XABCD bearish shark pattern. Happy trading :) This is just for educational purposes.

Sanjan91 Updated 

Krsnaa diagnostics price needs to sustain 862 to prevent further breakdown. If price action shows us any signs of bottoming at this level, buy. if the price somehow reaches the demand zone created by the ABCD patterns, then buy the stock. The targets are mentioned on the chart with the help of the XABCD bat pattern. The stop loss will be as per your risk...

Sanjan91 Updated 

BPCL had an event today, where the dividend was issued. The dividend was 58 per share. However, the stock price fell so much as 10% in a single day, and that too in pre-market minutes. There will be a long unwinding as a consequence. If the price manages to stay below 445, it could come down to the demand zone which is also a PRZ of XABCD bearish shark...

Sanjan91 Updated 

Nifty Auto showed immense strength bouncing off 200 EMA line and now opening with a gap up and holding above the B level of XABCD bearish butterfly pattern drawn on the chart. The price is near the supply zone but after taking so much beating, it may not reverse again but takes a pullback and continues the rally in my opinion. Or might even fail from the supply...

Sanjan91 Updated 

Here's the Nifty Metal index with a bullish breakout. The XABCD bearish crab pattern gives the targets mentioned on the chart. We shall try to pick some of the metal stocks which are showing a similar pattern.

Sanjan91 Updated 

SAIL has shown bullish signs by rising above the breakout level. The XABCD bearish crab pattern gives us the targets mentioned on the chart. The volumes were higher than the previous sessions also. However, wait for a pullback or add partial quantity and add further if the rally starts. The breakout and stop loss levels are mentioned on the chart. Happy trading...

Sanjan91 Updated 

JSW price rose with good volume participation in today's session. The setup is based on the XABCD bearish butterfly pattern. Go long if the price sustains above the breakout level. The stop loss, breakout, and target levels are mentioned on the chart. Happy trading :) This is just for educational purposes.

Sanjan91 Updated 

Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign. The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high. Start booking the profits from the supply zone and...

Sanjan91 Updated 

The hind copper stock price has been falling heavily since it reached the ATH mark. However, the time has come to buy the stock based on the following reasons. 1) The demand zone is created by the ABCD pattern 2.24 and 2.414, the price bounced off this zone with huge volumes. 2) The price is near the 200EMA line, which is 117.17 currently. 3)The RSI is making...

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Tata Elxsi has outperformed its peers over the year. Everyone's looking for the right entry to buy the stock. Now's the chance to buy the stock if at all it reaches the PRZ/demand zone mentioned on the chart. The stock may exhibit the XABCD bullish shark pattern, which is completed only if the price reaches the mentioned demand zone. Buy in the demand zone and...

Sanjan91

The underlying chart gives us the data but it is important to look into the options chart for the trade. We normally wait for the breakouts to happen in the underlying chart but they happen way ahead in the options chart. By the time we take a trade in the options, it would have been late in options pricing. Below is the bank nifty options chart You can see...

Sanjan91

Union bank has come out of the trading zone and looking bullish. The volumes are supporting the breakout. Consider buying on a pullback or buy and trail continuously. If the trade the trade goes wrong exit cost. Should easily reach target 1 as mentioned on the chart as other the targets. These targets are set by XABCD bat and crab patterns. Happy trading...

Sanjan91

Kotak bank has took out the strongest supply zone and also broke the previous swing high with good volumes. The harmonic ABCD pattern gives us the targets of the next swing high. If these targets are taken out, the AB=CD pattern gives us the fib ratios until 3.618 when the AC is around 0.384 AB. So there is a lot fuel left for the rally which could lift the Bank...

Sanjan91

Reliance Industries are out tomorrow. The stock has fallen more than 3% to test the potential reversal zone of the harmonic pattern XABCD or the demand zone. As we can see, in the last hour price has bounced off the zone with good volumes. The price has to stay above this zone or else it could test 2500 or even lower by the long unwinding. If sustained above the...