Sanjan91

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Nifty is currently trading at the potential reversal zone formed by the XABCD bearish Shark pattern. If the marked trendline is broken after the price gets rejected from the PRZ, short Nifty and target zone would be the 0.5-0.618 fib retracement zone of CD swing. The stop loss must be strictly followed, above this level ( 17266), shorts are going to be...

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Anything can happen here on in nifty. This is a crazy bull run. Be open-minded and lean towards both short and long. Don't think to short the market, perceiving it as overvalued and over run. Take the stop losses. On the chart, there are levels and targets for both longs and shorts. Keep the stop loss as per your risk appetite. Happy trading :) This is just...

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INDIA BULLS REAL ESTATE stock's price has broken out the trendline and the previous swing high at 143. Currently, it is under the pullback test. If the price manages to sustain above 144, then we can go long. The potential reversal zone may be a hurdle. So, book your profits near this zone. Above PRZ, a further uptrend could be seen. The demand zone below can...

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Cardano had a crazy run until last week. But it is in a consolidation after a bull run. Now, if the supply zone is broken, the price may rise to 3.38 USD. Here, after breaking the all-time high level of 2.4705, the price came back to test it and survived. It must now act as good support. If the supply zone breaks, the target would be XABCD bearish crab...

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DLF broke out with high volumes and is currently trading in a supply zone. This supply zone has been tested several times and DLF's price managed only one time to cross it to hit an all-time high. We can also see the fall after closing below the supply zone. So, it is important for the price to break the supply zone with high volumes to go for our target and a...

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Yesterday Nifty Realty rose 5% breaking out its past swing high. The targets are mentioned on the chart where the profit booking can be done. Entry on a pullback will give better risk-reward but anyways if you are already in a long position better watch out for the target levels. We shall discuss the underlying stocks which are showing similar behavior.

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Reliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD. After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the...

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Today Navin Flourine broke out its previous all-time high with high volumes. Wait for the pullback if the price starts falling, can go long above 3890 and place stop loss at 3890. If the price sustains above 4015 then go long and targets are given by the XABCD bearish butterfly pattern's 1.27,1.414 and 1.618 extensions. Place the stop loss below 3890. Happy...

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CCI stock's price had a breakout above the trendline but for confirmation, we need the price to sustain above 748. This will be the confirmation for the uptrend. Place the stop loss below the demand zone, because this demand zone is expected to support the price. The ultimate profit booking target is given by the XABCD bearish crab pattern's 1.618 fib extension...

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BPCL is trying to break the resistance at 481, which has not been sustained since last year. If BPCL manages to stay above 481, then we can see momentum to the upside. Go long above 481 and place a stop loss below 440. This is a monthly timeframe analysis, so we can provide some time for the price to adjust in case of a fall. Add more quantity when the price...

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Nifty PSE is currently trading at the multiyear strong supply zone which has been tested 3 times since June 2018 but PSE failed to break. We can see a breakout in the daily timeframe's trendline as pointed on the chart. Currently, NIfty PSE is 2.6% away from the top of the supply zone. If this supply zone is broken, we can see momentum in PSE stocks. XABCD...

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Tata steel price is near the XABCD bearish pattern's potential reversal zone. From PRZ the price could make a correction or breaking of the PRZ could lead to a short-covering rally. For new long entrants, wait for one of these scenarios. The levels and the stop loss point are mentioned on the chart. Happy trading :) Only for educational purposes.

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There could nice bounce in NIfty if the price manages to sustain above point C of this pattern. The targets and stop loss are mentioned on the chart. Please wait until confirmation to go long. Stop loss to be same as cost, because stop loss for momentum trade could more here. Below point D price goes to test the demand zone below.

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ETHEREUM is in a critical area from where it could likely breakdown. But the confirmation comes if it breaks the demand zone as well. Breaking the consolidation zone in the upper side with good volumes could give upward rally as well but that doesn't seem to be a likely case currently.

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Marico's price closed with good volumes and RSI above 60. That's a bullish closure. This momentum could continue in the next trading session also. After falling off of the uptrend line. the price got corrected. Here we can see a bullish butterfly pattern on the chart, the demand zone is formed by the 1.414 and 1.618 fib retracements of the pattern. The price...

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Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support. Place your stop loss level below the demand zone 2. The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book...

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This tutorial is on the ABCD pattern and the instrument used here is Nifty 50. ABCD patterns are harmonics patterns from which swings lows and swing highs can be forecasted. The present situation is a bearish ABCD pattern. Each point denotes endpoints of the swings. A, B and C denote known swing points whereas D denotes the new swing high. The trade setup is...

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Bank nifty showed a fantastic rally after breaking the 36100 price level. If it continues to sustain above 36300, then go long. Target 1 is given by AB=CD pattern with 2 as fib extension. If bank nifty manages above target 1 then trail stop loss until target 3. Targets 2 and 3 are in the PRZ, so book your profits timely. Above this PRZ, there will be another...