Trademint08

Trademint08

We shared this analysis on 3rd April. ETH had formed Bullish pennant & with a good breakout its sustaining up. Half way through.

Trademint08

Adani port has made Triangle price action pattern. It can also be called Ascending triangle. As we have discussed earlier a lot of times that Ascending triangle is a neutral pattern n it can give breakouts or breakdown ie can move either side up or down. Traders are told to hold target of the exact price range of triangle patterns high n low. Trade safe. Look for...

Trademint08

Asian paints on 15 mins charts is making HEAD & SHOULDER PATTERN and we believe that neckline is broken with good bearish pressure with increase in volume. 1st target 2620 if market opens flats, if any gap down we wait for retest or any bearish continuation pattern with 2600 as second target. We believe stove can give reversal sign from 2600 because of good...

Trademint08

SBILIFE is trading above 200 MA with increase in volume too. We look forward as 910 as our first target & 920 as our second target for upcoming days.

Trademint08

We shared about our positive view but we also wanted to share about other pattern that can be possibly formed in upcoming days. It’s BEARISH PENNANT OR DESCENDING TRIANGLE PATTERN. The reason we believe this would work because the nest immediate support that we have is to the equal distance of the area between high n low of triangle. ITS JUST A VIEW. TRADE SAFE.

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Nifty bank is trading below 200 ma and 50 ma acted as a strong resistance for today session with Fibonacci 38.2% level too. BNF is also making W pattern or we can see Triple bottom pattern which is a trend reversal pattern. Wait for the trendline to break above for buying setup. Trade safe.

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After a good rally, BTT is now having a correction near Fibonacci 61.8% level and forming a FLAG & POLE pattern. Wait for the breakout of pattern for long positions. If BTT doesn’t sustains near 200 ma and break 61.8% Fibonacci level we can look for short setup.

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RBL bank has formed Ascending triangle pattern which is Neutral price action pattern that means trader needs to be ready to take position on either side depending upon the breakout or breakdown. Trade safe. Look for both setup.

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Rec is trading below 200 ma and it’s has given good reversal from Fibonacci 61.8% level. We also drew the resistance line and we observed increase in bearish pressure(selling) at resistance level. For next week or coming days we can see double bottom pattern but for this week look for short opportunity. Trade safe

Trademint08

SUNPHARMA has given a good reversal from 200 Ma & formed a CUP & HANDLE continuation pattern. Stock is trading in channel or handle for now. Look for possible reversal from resistance. Trade safe

Trademint08

We posted about bearish setup but what if market actually follow Other market sentiments and shows a bull run. Probably this would be our setup because price is sustaining at 38.2% level. Exactly the same situation that happened today at NIFTY50. After a good fall NIFTY50 had a correction till Fibonacci 50% but BNF is still sustaining near 38.2% level. If there...

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BNF SHORT SETUP Due to MONATARIUM news and lockdown news Indian stock market saw negative sentiments with high volatility. Banks were bleeding out & there was a panic selling at same time SL’s getting hit. Looking at the USA market(It affect our market) there has been a positive sentiment because of good job reports & fundings rounds. But that won’t really affect...

Trademint08

Lic housing has broken its major trendline & its sustaining below 200 MA. Talking about bigger trend we can observe the correction that happened after trendline broke had sustained at Fibonacci 61.8% level. Mostly stock that gives reversal from golden zone tends to continue its trend with good volume but in case of LIC HOUSING the volume has been decreasing thus...

Trademint08

We posted this analysis on April 1st. It went exactly we predicted. Price action is 🔥

Trademint08

Tesla has been trading below 200 MA for good period of time & has formed Bearish Pennant price action pattern which indicates a Bearish continuation trend signal. Using Fibonacci we also plotted that, Tesla is not able to break its 50% retracement level which infact is exactly at the price level where 200MA is standing. It’s a double & strong reversal sign. Also...

Trademint08

On the first day itself, Reef had a huge volatility in price movement. Since then Reef has been trying to get to atleast 38.2% Fibonacci retracement but and failed multiple times. We also noticed that the support area has been tested multiple times and there was increase in the volume too. Reef tried to break its second lower high but couldn’t sustain Bearish...

Trademint08

EGLD/USDT half way through. We shared this analysis few days ago. Holding it strong.

Trademint08

Tata power is trading in downtrend. After a good double bottom pattern, TATA POWER did try to move upward but if we look at the retracement levels using Fibonacci, we can observe that stock has not yet broken the golden level of 61.8%. There also a possible HEAD & SHOULDER reversal pattern but we believe that can be a fake pattern formation because as stock is...