TraderBie

TraderBie

Please see the description on a 15 min timeframe. Today was a tight bear channel followed by a break of that channel with a double top formation. Low probability trade, with low risk Sl, 40% chance that this is a major trend reversal to the upside. Tomorrow could be a trading range day Please not this analysis is just for educational purpose and based on...

TraderBie Updated 

Finifty I expect to go long next week's expiry. Please see the description in the charts. The right side is 5 mins chart depicting 1. double bottom 2. break of lower high 3. Process of creating a 2 legged correction, once the second leg is created, it will be a good time to go long The right side is higher time frame 1 hr depicts 1. Flag and Pole pattern 2....

TraderBie

Banknifty looks like 70% ready for another leg up. Please see the chart for technical details. 1. Banknifty broke the trading range of 46 days 2. It gave a measure move to the upside 1160 points 3. It's also a spike up with the downward channel which I think is a pullback approx. 50% to the ema. 4. Good price rejection at the EMA giving a Doji on a daily time...

TraderBie Updated 

KTKBank is trending up, possibly target price to hit 190.00 Still very good setup to go up once it clears the line of resistance. Flag and Pole pattern has already given a breakout followed by two legged correction. Spike phase is still trending on daily chart. SL can be very well placed at the pullback showed at 146.35 or more comfortable one can be at...

TraderBie

Fed bank looks like is ready for trend reversal. There looks like a 70% chance that the price is going to go down and test 110.00 Daily chart on the left side you can see few points that suggest price in the next coming days will be falling. Monthly chart on the right side provides more confirmation with a wedge top and micro double top formation. Ideally a...

TraderBie Updated 

Before going long on IRCTC, I expect the price to go down first and halt at the major trendline support. Please see the zoomed view of daily chart left side one for more detailed explanation. On the right side you see a flag and pole pattern developing that suggests the price will go up eventually. This is more of educational purpose and it's important to note...

TraderBie Updated 

Tatasteel approaching trendline resistance for the month of June price action suggests to go short. Please see the image for detailed description. This is more of educational purpose and It's important to note that this analysis is based on technical indicators and further research and analysis are recommended before anyone making any investment decisions and...