Today, the banknifty is very volatile. 500 points up and down was noticed in today's opening session as on 23rd Oct. 2024. It is forming big bars and the support here is strong at 51100. A technical recovery can be played above 51500 if a 15mins candle sustains above it. If it breaks 51050 decisively with a red marubozu, this may go down for intraday. This is...
So, the day today started with a gap up and could not sustain. We got a big red candle on a 5mins chart. Marked the high low and the mid of it. Shorted at the 3rd candle and a rejection at the mid of the first big bear and a bearish engulfing candle. Stoploss was the high of third candle and target was previous day high. A good risk reward. 9:45AM and the 7th...
Swing trading levels, Try to keep the charts clean to avoid multiple confusions. Trade well.
Watching the market from a different angle. Added all green and red candles to make one and see how it works. This is no trading call, just a study. Please consult your financial advisor.
Hello Traders, These are levels for next week, please keep proper stops and trail the profit. This is no trading call. Its just for education purpose. Please consult your financial advisor. Thanks.
Just for educational purpose!!! All about symmetrical triangle, upward channels and trendlines!!!
Hello Guys, Wanted to post a video on this but could not due to busy schedule!!! My trades are based on Chart patterns and simple Price action analysis!!! Okay!! This is TCS 4Hrs sopt chart and we got a breakout from the downward sloping trendline...again failure and a retest making higher lows and now breaking out of the broadning pattern the orange lines and...
If we connect all 30 candles we are back at 18870 on BN spot which is highlt highlt oversold. Will covid 19 rising cases pull it more down or is the bottom done. Can BJP win West Bengal or will the pharma keep the index stable and up? Last but not the least scrapage policy is due and Auto news can get the positive sentiment back...hey hold on, what about the...
If we connect all 30 red candles from the highs, this is what we get. This shows the elephant has sat in the tub and the water is flooding.All the small retailers are chopped and will get chopped...Take care all!
Please read the notes carefully. Probablity maruti can go up if its a H&S structure
Please read the notes carefully!!! LEarn and then trade!!!
Arjun saw the sparrow's eye in a lush green tree!!! Similarly, look at the probability of the possible formation. Lines 1 and 2 suggests a broadening pattern saying the range can be massive now at these levels. Lines 3 and 4 suggest a diamond on the top saying I can breakdown anytime. Please do watch the price action carefully!!!
Please read the monthly, weekly and the daily notes carefully!!!