Sanjan91

Sanjan91 Updated 

Bank nifty is at 36100. If the 36100 price barrier is taken out then a huge short covering could trigger the index's price. Go long above 36100. Book profits at the supply zone. If the price breaks the supply zone, then aim for the 36450 price level. Stoploss if the price closes below 35910. Happy trading. :) This is not an investment idea. Please consult...

Sanjan91 Updated 

Today TCNS Brands' stock price has risen with good volumes breaking out 580 level. It is important to wait for a pullback and see if the stock could hold this level. Buy above 580 and place stop loss at 536 (8%). Targets are mentioned on the chart. The hurdle may be near the supply zone. Trail your profits after target 1 until the supply zone is breached with...

Sanjan91 Updated 

Britannia's stock price has fallen after it reached the potential reversal zone or supply formed by the XABCD bearish shark pattern. The price took the correction until point C of the pattern which is an ideal ultimate target for the shorts who followed this pattern. Recently after the correction, it rose and broke out it volumes above the PRZ. Considering RSI...

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Reliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side, Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so...

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Tata Motors' price took a great beating for its openness about the semiconductor shortage it has been facing. Many investors feel that the company did the right thing by being transparent. The volumes are very low which indicates sharks are not interested in the stock just yet. But the price being in the demand zone, it is time to look into it. The demand zone...

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According to the previous swings cycle, we can observe that the pump could start again in GME. GME stock price had broken the longer duration uptrend line and the confirmation for the downfall will be after breaking the demand zone to the downside. The demand zone being 25 USD deep and the results due may be a game to be observed. For the bullishness, the stock...

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AMC's stock price corrected drastically after reaching all-time highs. The bearish shark pattern correction seems to be completed and the hurdle is to break the trendline with huge volumes bouncing off of the demand zone. The idea is neutral because there is a chance for collapse also. The breakdown below the demand zone completes descending triangle pattern....

Sanjan91 Updated 

Bank nifty shows bullish run if it sustains above 35430. The first target area will be the supply zone and on breaking out the supply zone, trail profits until 36100. Be absolutely sure of level 35430 and wait for the pullback before proceeding. Price above this sets the target as point D of bearish shark pattern XABCD. Stoploss is placed on the previous swing...

Sanjan91 Updated 

Small caps 100 index has fallen nearly 11% reaching a decisive point in its fall. The price is currently resting on or near the daily timeframe's uptrend line (support). The RSI is also at 30.14, which indicates a over sold signal and we may see a bounce very soon. The potential reversal zone formed by ABCD pattern's 1.618 and 2 fib extension acts as a demand...

Sanjan91

Swaraj Engines' stock price got rejected from a supply zone and trading near the demand zone for the pullback test. If the price passes this test then wait until it crosses the supply zone for a momentum buy position. But this idea is if it fails the pullback test and falls onto the uptrend line. Then, wait for the price action, if the price bounces off of the...

Sanjan91 Updated 

Currently BNB is near it's Supply Zone. The BNB could go into consolidation and then could give a big move on either side. On the upper side if it sustains above Supply Zone with good volumes then go long. On the lower side if it breaks the uptrend line then short and book your profits near Buying Zone or enter long positions in Buying Zone.

Sanjan91 Updated 

The Bank Nifty is currently under trading zone or going through time correction after a long rally. It broke a uptrend line and failed pullback test. If the above mentioned Demand Zone is broken and succeeds to resist Bank Nifty to go above it, then short Bank Nifty. Profit booking can be done in the Buying Zone for short positions or longs can take a fresh...

Sanjan91 Updated 

NIFTY got rejected from the new high and broken uptrend line. If NIfty manages to come out of the consolidation on the downside then short Nifty. Short only on confirmation below 16495 and book profits in the demand zone. Place stop loss at 16600.

Sanjan91

Bitcoin had a fantastic rally this year but also had seen the worst of the falls due to China’s crackdown. Let’s analyze the BTC chart and find out the critical signs we have observed during the fall and also analyze what’s the current situation. In this analysis, we will be using Trendlines, Supply and Demand Zones, and RSI. We shall understand them briefly....

Sanjan91 Updated 

Nifty 50 is at all time high but breaking 16055 will be crucial for a major rally on the upside. The crab pattern's terminal price bar is placed at 16055. If Nifty reverses from here, as it is a bearish crab pattern, it could go on to test 15850-15800 levels. Below these levels could see another downside fall. Don't go short at 16055 immediately, the stoploss...

Sanjan91 Updated 

As per sea pony and sea horse pattern drawn on the chart. Nifty respected D point but went for a stoploss hunt before bouncing. The recovery until C was 172 points, as per theory if everything's work in favour the Nifty may rally until 15940. Important thing here is to be break 15800 barrier first. Let's hope for the best.

Sanjan91 Updated 

Head and shoulders patterns observed in Reliance Industries with a slanted neckline. The neckline got broken and can be tested at 2100 level. If it fails to rise above 2100 and sustain, we could see a short opportunity with targets mentioned in the chart. The logic has been explained in the chart. Being a Nifty heavyweight, it could drag nifty further down below...

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When bad news hit the crypto market, bitcoin started crashing. So I used Gartley's bullish harmonic pattern to find out possible reversal. It happened to be successful. Now I've used a bearish butterfly harmonic pattern to find out possible upside targets. If on the upside Bitcoin manages to close above 59K for the day, we could see the next targets.