Trademint08

Trademint08

BNF broke the rising wedge pattern. Rising wedge pattern is a bearish continuation pattern. We can expect more downfall for coming days. Trade well.

Trademint08

BNF had made Rising wedge trend continuation pattern. And also Macd divergence which confirm that we can see downtrend for upcoming days. The low Of 31900 can be tested again. Trade safe.

Trademint08

ICICI bank broke its major uptrend trendline. Using Fibonacci we can see it’s sustaining near 31.8% level with making HEAD N SHOULDER PATTERN. H&S is a reversal price action pattern which indicates a possible reversal of trend. Fibonacci 50% first target. Fibonacci 61.8% second target and if stock sustain near 61.8% and breaks the level 78.6% level on Fibonacci...

Trademint08

We posted about short setup but we also wanted to post about our long setup on BNF. If the wedge pattern fails and breakout happen above 200 EMA we can see some upside move for coming days. Price range of A and the distance between the Fibonacci 38.2% level on hourly charts from breakout of pattern is exactly same so we believe that could be the first target and...

Trademint08

BNF is trading a wedge range pattern and we can observe the range of the pattern squeezing at the end indicating contraction. There’s also falling wedge formation price action action pattern which indicates a possible reversal about to happen. Also we have a resistance level on hourly chart that could help the breakdown of falling wedge pattern. Trade at your own...

Trademint08

Britannia India has made W price action pattern which is a trend reversal pattern. Buy after the breakout of resistance. Buy above 3710 . TGT 1 - 3740 TGT 2 - 3761 TGT 3 - 3782 STOPLOSS - 3686 Trade at your own risk. Trade safe.

Trademint08

1) FALLING WEDGE PATTERN ( Reversal pattern ) 2)MACD DIVERGENCE 3) INCREASE IN VOLUME Eicher motor broke falling wedge pattern and we can expect upside move. Fibonacci 50,61.8 should be our two targets on upside. Trade at your own risk. Trade safe.

Trademint08

Wipro is sustaining above 200ema and it has formed not one but two trend reversal patterns called INVERSE HEAD N SHOULDER , the other one called CUP N HANDLE. Both of these pattern are trend reversal price action pattern. Targets mentioned on charts. Trade at your own risk. Trade safe.

Trademint08

Gap can be covered. There’s a breakout of Ascending triangle pattern.

Trademint08

LT is forming a falling wedge pattern which is a Trend continuation pattern. As LT is sustaining below 200 EMA it indicates that stock is in downtrend and falling wedge formation gives strong setup for shorting stock in intraday basis. Look for the open of market if the range or wedge is broken down go for short trade. This is just my view. Trade at your own...

Trademint08

Looking at OI data, FII & DII data we can expect some up move in NIFTY. Dow Jones is trading at +350 points while posting this. Talking about lockdown news there is been some ease with the rules. Looking at overall sentiments we believe we can see some positive move up. Targets are set by Fibonacci levels. We have also drawn the red box which indicates the range...

Trademint08

INFY on hourly chart is sustain above 200 EMA indicating that stock is still in uptrend. Also observing closely we saw that 200 EMA and Fibonacci 61.8% acted as a very strong support for the stocks. Now talking about oscillator, MACD is giving a really good Divergence between price and momentum. Macd divergence with reversal from levels with good volume is...

Trademint08

We forgot to mention about Adani ports. Few days back and we told that stock has made ascending trainable pattern and breakout on either side will give good directional target. Targets achieved. Adani port is in news after S&P index has decided to remove the stock with it links with Myanmar military. We can see some fall in upcoming days if markets reacts negative...

Trademint08

Nifty has make a falling wedge pattern similar to BNF and there’s a breakout happened with good increase in green volume. Usually While trading wedge pattern the target is set as the same price distance before start of the wedge formation. Shown as A on chart. As the breakout of wedge pattern has happened we believe that upcoming movement will be to the same price...

Trademint08

BNF is under pressure due to lockdown and increase in COVID news. After a huge gap up, most of traders were long on trade under intention of recovery but BNF has hit all the stoploss. Before ending mondays session we can see some increase in size of green candles indicating that either there has been a profit booking session and we can see some later effect...

Trademint08

BTC has emerged to be the Alpha of crypto market industry. After making higher high, BTC is unable to sustain $60,000 level. This level has been tested multiple time and it seems to be that the momentum in the market is getting low. On daily time BTC is sustaining above 200 ma but it has failed to break the highs and according to price action pattern we can...

Trademint08

Along with ETH & BNB COIN, we also posted about EGLD forming same bullish continuation pattern on daily time frame. Target achieved. Halley trading.

Trademint08

We were bullish on BNB coin because it’s had also formed the same pattern as ETH and with a Bull run in crypto market we achieved our target.