UnknownUnicorn21160479

UnknownUnicorn21160479

In the daily chart of INDUSTOWER, after retracing off a demand zone below 150 in early 2023, we saw a new higher high formation in Oct 2023 which confirms an end to the previous downtrend. The Volume profile also calls out 165 as a crucial support level and also notice the latest up move has shown massive amount of interest of buyers so levels to watch out: A...

UnknownUnicorn21160479 Updated 

Here's an outlook on why adding ICHIMOKU to your chart helps in keeping calm, watching a broader view & not panic sell! So Ichimoku is a trend following indicator using calculations (9.26.52) consisting of a Conversion Line (similar to 9 MA) & Base Line (Similar to 26 MA) and lagging span (price line moving 26 periods back) and cloud which moves ahead 26 periods....

UnknownUnicorn21160479 Updated 

Greeting Traders & investors, These scenarios are likely to play out in the upcoming days, Refer to the above chart to understand better. This is just my view so do your own research as well. Thanks!

UnknownUnicorn21160479 Updated 

ONGC is available at a value zone which is a supply turned demand zone for value investors. It can be a good bet but a risky one as it's a high beta so avoiding going in with all money should be preferred and accumulating it in a slowly and steadily manner. The recent price action is however still not so bullish so a confirmation candle will give you a headscarf...

UnknownUnicorn21160479 Updated 

UPL(United Phosphorus Ltd.) has been declining over the past few sessions & has recently entered a supply turned demand area on weekly timeframe Earlier in 2021, 650 was a key resistance and later on we saw a momentum filled breakout with high volumes after which the stock has been consolidating since then. For now 630 seems to be a good accumulation level as it...

UnknownUnicorn21160479

UNO MINDA has been lately developing a structure of retest of a break of structure & has retested the imbalances, entry @542 looks good with a SL @524 & target @582 as marked. Volume is the key here, when it gave a breakout there was a good volume expansion and when it retested, volume faded! This is also a retest of a descending triangle or sloping trendline,...

UnknownUnicorn21160479 Updated 

From the above chart we see that #GatewayDistriParks, a company into logistics has been moving downwards and recently had a volume spike and a breakout of the downward sloping trendline, it gave a low volume pullback & since listing it has respected a Demand Zone, ample of times and every time some buying can be seen happening in that zone. The recent price action...

UnknownUnicorn21160479 Updated 

There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume...

UnknownUnicorn21160479

Hi traders, this is my bullish bias on BTC, If you watch Weekly TF you might notice that 34.4k was the last imbalance left with an Untested Order Block which was finally mitigated giving an end to the Bearish cycle (This is my personal view & not an investment advice) .. DYOR.. On 4h, now 35.6k is an untested zone and might become an accumulation zone soon for...

UnknownUnicorn21160479 Updated 

Hi traders & investors, here's my analysis on BTC which has my bullish bias and a target of 50.5 k which is an untested supply OB, but before that we need to mitigate 41.5k levels to fill the leftover imbalances. Kindly do your own research, this is not a financial advice. Thank you.

UnknownUnicorn21160479 Updated 

Hi fellow traders, do have a glance at the above chart, I see a 10% upside in edelweiss. A liquidity grab is pending above Equal highs & there is an untested Ob + Imbalance. Thank you! Do your own research as well.

UnknownUnicorn21160479 Updated 

Hope the above chart helped you in understanding about how the Elliott Corrective Wave Theory works! So we have the example of PCBL here which was in a correction, forming the Elliott five waves and now is under accumulation phase. It has already broken the trendline and is now expected to break the consolidation phase and then complete our wave theory according...

UnknownUnicorn21160479 Updated 

Hi Traders, Here's my view on Nifty . Nifty after a 11% correction has got into a classic LH- LL Structure and looking at the current scenario, we are currently in corrective phase. The first possibility is, it might consolidate b/w 17300 which is a support turned into resistance and POC as well & 16910 is another important support below which Nifty looks weak. In...

UnknownUnicorn21160479 Updated 

Hi Traders, Here is a detailed analysis on SBIN which has been following Elliott Wave Correction Theory, on 1h, We are currently experiencing Wave B and we have to enter at the beginning of Wave C i.e. near 480 levels. Pls refer to the above chart to notice characteristics of each wave. Also SBIN has been following a strong uptrend, we can see it is taking support...

UnknownUnicorn21160479

NMDC Current STRUCTURE- Rounding Bottom Breakout + RETEST MULTIPLE CONFIRMATIONS :- * Volume Expansion - Volumes since the last three months have been huge and continuously expanding * RSI bullish Divergence- NMDC is forming flat bottoms whereas RSI is forming Lower Highs which is contradicting hence we listen to what RSI is doing and this is an early signal...

UnknownUnicorn21160479 Updated 

While trading a breakout make sure you follow this strategy:- 1) Spot a bullish/bearish pattern (LONG/SHORT) 2) Look for a solid BREAKOUT by a green bullish candle (for if you're going long) and red bearish candle (if short) accompanied by a rise/fall in volume and bullish/bearish RSI (preferably above 60 for long & below 40 for short) 3) RETEST - A candle that...

UnknownUnicorn21160479 Updated 

The chart is self explanatory with all the levels marked. Enter at 2538 keeping a SL at major support i.e.2452 and we may see targets of 2722 (ATH) and more. Also observe an RSI bullish divergence. DYOR!

UnknownUnicorn21160479 Updated 

First of all, let's understand the current structure, LUPIN is currently making flat Bottoms so yes! a double bottom is in the making. Here RSI which is forming higher highs higher lows structure basically contradicts the price which is forming flat bottoms so this is what a bullish divergence looks like! So now we will plot Volume profile which shows highest...