SatpalS

SatpalS

SAMHI HOTELS is making a Triangle Pattern at daily chart. It has touched the resistance trendline 5-6 times, spent 4 months in this Triangle. Now there is a probability of breakout. A strong green candle is needed. If it gives a breakout above 200 and sustain then there is probability of 14-16% gain. SL: Low of the Green Breakout Candle. 168 is a Strong Support,...

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JUNIPER made Downward Trendline Pattern at Daily chart. Gave BO on 14june, if there is a follow up Green candle then it makes sense to Buy for good Reward. There is probability of going up. We may decide the SL based on next green candle. LEARNING: Not even 4th June downfall broke this stock, it has recovered really well. It has touched downward trendline 4-5...

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Today, for the first time, I took a trade based on the 3-minute Nifty chart. Nifty was forming a Double Bottom pattern on the 3, 5, and 10-minute charts. The RSI divergence served as my alert point. After verifying the other rules, I identified it as a viable trade. I exited with a 1:1 profit. I plan to conduct more forward testing during market hours. You may...

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Nifty50 at Daily time frame - Moving in a range since Feb 2024, touched Upper Trendline 3 times and reversed, now touched Trendline for the 4th time on 23-24may, completed the target of 900points of Hammer Candle on 13th May. There is probability of touching 24000 in a few days, right now 22500 is a Support. For learning and educational purposes only.

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ATGL is making a Downward Trendline Pattern at Daily Chart. Gave BO on 23may, high volume. CMP is 979, Target probability is 1097 and 1230. Tomorrow's 1hr candle will decide the move. Keep Eyes on it. For learning and educational purposes only.

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Bank of Baroda is making a Double Bottom at 15min chart, made Inside Bar Candle, clear RSI divergence, probability of going up. Need to see the movement of the market before taking the trade. For my learning and digital records purpose only!

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ABCAPITAL is making a Triangle Pattern at 2hr Chart, now 208 has become a support after the previous Resistance. Probability of going up for 240 target. It has taken support at lower Trendline for 4-5 times. If it doesn't break the upper trendline now, then it may again touchdown 214-218 and reverse from there. For learning and education purpose only!

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INOX WIND is making a Triangle Pattern at Daily chart. It is at Resistance level, if breaks then we may see 200 soon, moving above 9EMA. Scenario 2: If it comes down then it will take support at 150 and from there we may see reversal towards 200. For learning and educational purpose only.

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JIOFIN is making a Double Bottom at 4hr Chart. RSI divergence is clear, moving above 9EMA, probability of touching 385, 394. Accumulate if it goes down, 340 is a good support. For learning and education purpose only.

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ZEN TECHNOLOGIES has started making Ascending Channel Pattern in Dec 2023 after 4-5months consolidation. Made a Hammer Candle on 13may on Weekly Chart. Probability of touching 1129 and 1175 from CMP-1009. It touches and upper trendline in the first week of every month, following the same pattern from last 4months, it may repeat the same move. For learning and...

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Tata Power is making Ascending Channel Pattern at Daily Chart. I found it little late but still have some points to cover. It is following the trendlines since 18jan, made a Hammer Candle on 13may, following 9EMA strategy. There is probability of touching 475 target in a couple of days, which comes to 6% from gain from 447-CMP. For learning and educational purpose only!

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Tata Motors is Rangebound at Daily Chart and at an old support level 945. It has been moving in this range since 27feb 2024. Earlier 945 was a resistance which became the support later. There is strong chance of reversal from this level and touch 1045 again, It has already touched 1045 three times, so this time it may break 1045 to touch 1150. But if it comes...

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Nifty is making a Triangle Pattern at 15min chart. As per Price Action there is Probability of touching 22300 on 16may. As per OI data 22200 is a good Support level and 22500 is a Resistance. Inflation news may push it towards 22500. For learning and education purpose only.

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Nifty made Double Bottom at 1hr Chart on 13may, clear RSI divergence, made a Hammer Candle at 10:15am. Now 21300 seems a possibility. For learning and education purpose only.

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Tata Motors is making a Triangle Pattern at Daily Chart, made a Hammer Candle on 19april. Following the 9EMA rule, probability of going up and touching 1035 in a few days. Now 944 has became a Support from Resistance in feb 2024. For my learning and digital records purpose only.

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ZOMATO is moving in a Range since 4april, made Bullish Engulfing candle on 7may, gave breakout on 10may after 3-4 previous attempts, follow up green candle is also visible after the BO, Now there is a probability of touching 223 target. At Weekly Chart Zomato has made a Rounding Bottom, will discuss that once it achieves current target. For my learning and...

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MARICO LTD is making H&S pattern at Daily Chart. Made Hammer Candle on 18apr at 2nd Shoulder, gave Breakout on 26april. For my learning and digital records purpose only.

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Nifty is following Ascending Channel Pattern since Jan2024, made a Hammer Candle on 15april, now 23000 seems possible, it may look ambitious but as per the size of Hammer Candle 23k is the target. Even if it doesn't touch 23k, there is probability of Nifty touching 22850. 2nd scenario: AT 1hr chart Nifty is facing Resistance since 16april, following an upward...