Trademint08

Trademint08

This analysis is on request of one of our followers. Page industries on 15 min has formed a Descending triangle. Now the most confusing part of this price action pattern is that, it’s neither a reversal pattern or continuation pattern but in fact it’s called NEUTAL PATTERN, which means that this pattern can give a breakout or a breakdown or in simple words in can...

Trademint08

We shared about Wipro on 23rd march when it was trading in tight range near 200 ma. Our suggestion for shorting Wipro was based on bearish price action pattern.

Trademint08

We shared this analysis yesterday with Gap covering logic and we suggested that BNF might end in down trending range market. Glad we were able to predict the movement.

Trademint08

We posted about this analysis on 23rd of March & we suggested to go for short position.

Trademint08

Half way through. Still holding the levels. We plotted a divergence. Possible reversal to happen. Trade safe.

Trademint08

BNF has been trading in downward range market and it’s making LH LL pattern with price squeezing at the end if the range market. We also observed that every time BNF was making LH LL pattern the retracement on minor trend was from 50%, both the times (marked in red circle) so we believe BNF might gap down and sustain above the Demand zone, give us a reversal ,...

Trademint08

Nifty50 has been performing the way we analyzed. Sustaining below 200 ma show bearish pressure. Gap from Feb 1st BUDGET DAY has been filled and tested once but we can see some range trading tomorrow which can help NIFTY50 to test the support(gap) levels again making it a DOUBLE BOTTOM PATTERN & W PATTERN. Both patterns are trend reversal patterns. Trade safe...

Trademint08

ETH/USDT has been trading in downtrend below 200 ma. There are lot of levels which can confuse traders while trading. We suggest to go long only when ETH sustains above 200 ma. Go for short once levels are triggered.

Trademint08

BTC has been moving in range making HH & HL. For short selling wait fir the trendline to be broken and for buyers look for the possible high to be broken. For buyers wait for the upper trendline to be broken.

Trademint08

Same like BNF, Nifty50 has been trading near 200 MA. It has also formed Falling wedge pattern which is a bearish continuation pattern based on price action. Trading near 200 ma can be tricky and looking at the wedge formation we can see the price has been moving in tight range which is kinda getting squeezed out. Look for short opportunity when NIFTY50 sustains...

Trademint08

SCENERIO - Reliance is trading on a very crucial levels. We have Fibonacci 50% level that gives a good reversal sign. We have 200 ma, where price is sitting right now. We have a good support trend line that has been tested multiple times and seems like this trendline breakdown is a good breakdown because there’s an increase in volume too. 1) 200 MA 2) FIBONACCI...

Trademint08

Banknifty is getting weaker every time it tries to touch 200 ma. Before closing of the day, BNF tried to break MA but couldn’t sustain. Based on price action we can analyze that there’s a breakout of a trendline but it’s fake because we have 200 ma just above the current price. Also we have a good Fibonacci 38.2% level that can act as a reversal. So looking at...

Trademint08

WIN/USDT has forming a Bullish wedge or we can say Bullish pennant pattern. Either way both the price action pattern is bullish continuation pattern and it can give a Breakout(Upward) and we can expect the price to go ahead and test the initial high again. Trade safe.

Trademint08

Same analysis for Wipro again. If we look at the end of the day, we can see bear in control but that trendline support is too strong. Wipro can give reversal signs from support and if open up with gap down, I have put a trend line that can act as future support based on price action. Trade safe.

Trademint08

ETH/USDT has broken its major support trendline but couldn’t sustain to stay above 200 MA for a long time. While posting this ETH is trading in a range market, making a bit dicy for confirmations. Looking at the chart patterns we could plot HEAD & SHOULDER pattern. Once the neckline is broken we can look for short position and target can be the length of the start...

Trademint08

Wipro has been forming a bearish continuation pattern after sustaining below 200 ma line. This indicates that Wipro is in major downtrend and this must be a small correction or retracement. There’s a possible chance for reversal because there’s 3 reason supporting our statement. SUPPLY ZONE 200 MA LINE FIBONACCI 61.8% level

Trademint08

Banknifty has formed double bottom pattern on 15 min chart. If we look closely it is approaching towards its resistance level. Tomorrow we have news on INTEREST WAIVER. So we would suggest to wait until the decision. If the decision favors for market one should go fir long positions ne cause there’s a chance bank nifty might break 200 ma and change its trend.

Trademint08

BNB/usdt has tested the resistance level multiple times & failed to give a breakout. It is sustaining below 200 Ma line and it has also broken its support trend line .