Tradeception_

Tradeception_ Updated 

Recent price structure with higher lows in NIFTY along with support from multiple trendlines indicates that there is a high probability of it breaking above 16000. A close above 15900 on the daily will increase the odds further. Keep an eye out for targets of 16200-16300 on a close above 16000.

Tradeception_ Updated 

Horizontal price movement is seen when the powers of demand and supply are roughly equal, thus forming a "sideways trend". This usually occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways trend is also sometimes referred to as a "horizontal...

Tradeception_ Updated 

A decently medium term upward trendline originating from November 2020 has recently been broken by TCS. In fact, it seems to have started respecting recently formed downward trendline. After the recent pullback to the trendline and the averages, it is seeing the beginning of another bearish leg...

Tradeception_ Updated 

There are some observations that can be made on the chart of IBULHSGFIN. The stock had made a run from the low of 19.04.21 and made a peak of 313.70 on 16.06.21. Since then it has pulled back to the 20 EMA, consolidated and is trying to continue its upward move. Price is above both the major averages i.e. the 50 and the 200...

Tradeception_ Updated 

DMART has been facing rejection from the 3400 level since the mid of June 2021. Despite these multiple rejections, the lows that it makes are gradually becoming higher. It took support at 3250 on 18.06.21, then again on 29.06.21, then it formed the next swing low at 3300 on...

Tradeception_ Updated 

Bullish flags are a continuation pattern found in stocks with a strong uptrend. As can be observed, the pattern resembles a flag on a pole. The vertical rise forms the pole and the following period of consolidation forms the flag. The flag can be a horizontal rectangle but mostly angles down from the pole. The focus should be more on the underlying psychology...

Tradeception_ Updated 

I had earlier posted an idea on TATASTEEL on 13th June which was closed at cost. TATA STEEL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It has formed a continuation candle at the 20 EMA and is moving towards its all time...

Tradeception_

Please check my idea posted previously on 23-06-21. The trade has turned out beautifully and all targets have been reached and LT has closed at an all time high of 1618. LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping...

Tradeception_

Please check out my idea previously posted on 02-07-21. All targets reached. Please like and follow if you like my ideas. Thankyou. :) ICICI BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. It may break out of the pattern soon. A long trade can be initiated on the daily timeframe...

Tradeception_ Updated 

HDFCBANK and BANKNIFTY are in a very interesting position. HDFCBANK has formed a nice continuation candle right at the 20 EMA after a pullback on the weekly timeframe. HDFCBANK has been in a nice uptrend, continuously making higher highs and higher lows. If it continues the up swing, it could carry BANKNIFTY with it back up to 38000. A long can be initiated...

Tradeception_

Please check out my idea posted previously on 21-07-21. All targets reached on re-entry. Please like and follow if you liked my idea. Thankyou. :) BAJAJFINSV is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. A long trade can be initiated on the daily timeframe . Enter only when price...

Tradeception_ Updated 

A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. 1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. 2. The breakout...

Tradeception_ Updated 

ICICI BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. It may break out of the pattern soon. A long trade can be initiated on the daily timeframe . LONG ABOVE : 641.35 SL : 632.25 TGT 1 : 650.45 TGT 2 : 659.55 All explanation and levels marked on chart.

Tradeception_

Please check idea previously posted on 22nd June. SPX 500 has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes. LONG ABOVE : 4226 STOP LOSS :...

Tradeception_ Updated 

LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes. LONG ABOVE : 1505 STOP LOSS : 1469 TARGET 1 : 1541 TARGET 2 : 1577

Tradeception_ Updated 

BANKNIFTY is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. A long trade can be initiated on the daily timeframe . Enter only when price sustains above the entry level for 15 minutes. LONG ABOVE : 34927 SL : 33937 TGT 1 : 35917 TGT 2 : 36907 One can also wait for a pullback on a...

Tradeception_ Updated 

BAJAJFINSV is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. A long trade can be initiated on the daily timeframe . Enter only when price sustains above the entry level for 15 minutes. LONG ABOVE : 12200 SL : 11776 TGT 1 : 12624 TGT 2 : 13000 Another option could be to wait for a...

Tradeception_ Updated 

SPX 500 has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA, a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes. LONG ABOVE : 4226 STOP LOSS : 4173 TARGET 1 : 4279 TARGET 2 : 4332