1357 will be a potential stoploss to look upto 1430+.
Price tested demand zone , needed trendline and yesterday high breakout .. to push price to 196-198 zone.
Looking like Ascending Triangle, will be a high probability setup.
Zone is determined as strong , as price is now making 3rd/4time touch..wait for any candlestick confirmation and Jump in.
Grasim after a strong impulsive move from 774 -742 , Yesterday It is with in 38% Range formed flat irregular, Expect another strong down move to 725-720.(approx, even more) Note : ( ~ ) 👈 approximate value
Potential Trade Opportunities can be found at conjunctions, Always wait for breakout of anyside, always look at Higher timeframe conjunctions and Trade in lower time frame.
After a strong impulsive move ,price trading in the 30%(zone with out breaking previous swing, the whole structure (psychology) looks Triangle...If breaks 635, expect 650+....Trade Duration may last for 1-3sessions.
Trading in the triangle, triangle patterns always provide high probability and less RR ratio. Trade on the break out of any side. For SELL potential stop loss is 1016 For BUY 990. High chance of breaking to downside, but we always need to be flexible.
Whenever we see a triangle pattern, wait for the breakout of any-side for a potential trade setup , Triangle gives less risk to reward and 90% of the time ...price continues in the breakout direction.
Looking Bullish after and Impulsive move , and 60% retracement at 990 zone , overall formed Flag pattern , as previous trend is down, need to break 1st Resistance to hit next.
Lupin look bullish, for Intraday setup CMP at strong demand zone, potential stoploss 🔺 is 983-984. As previous down, need to break 1st Resistance to Make up to 1040+.
Didnt broke trendline Cancel sell setups ,Need to look for another setup
At 20800 ,No Buyers Left, Sellers still under control, for intraday sell on lower highs(50-78% retracement), for next few trading sessions to next demand zone.bank
Expecting Bank-nifty to be in 20800-22000, for next few days, lets wait for further confirmation from sellers or buyers (Accumulation/Distribution) at present zone.
0.9260 Holds strong Resistance,Redlines shows same length in Price and Time. If you look at Day Candles 6bars up from low to “A“ and again 6bars up from “B”to ”C” Next support looks at 0.9140 after break(strong momentum)below 0.9200
At 1.1700,shows demand area, if rejects this area Expecting price to next supply zone at 1.800(100pip).
Usdjpy after a strong impulsive move, forming flag pattern( confirms after trenline break to upside , expecting AB=CD .
Price at Trendline(diagonal) support , touching 3rd time which create strong zone , bullish scenario can be expected after breakout with strong momentum.