afzal_57

afzal_57 26 views ・

Weekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level. In Daily, nothing is supporting. There is a break of Trendline, but not convincing. 75 min is...

afzal_57 49 views ・

The price is at a very crucial zone in the Weekly. A mountain pattern is forming in the Weekly. You can call it Head and Shoulders. Facing stiff resistance from the Weekly area. In the Daily, the long term TL has been broken comfortably on 2nd Dec. The recent trend was already down. Price is seen moving in this parallel...

afzal_57 60 views ・

We can clearly see the price struggling to breakout of the Weekly Levels. In the Daily, we can see a Negative Divergence with RSI (orange line) followed by Double Red Inside Bar. If today, the price breaks below the yesterday's range, we can expect quick down move.

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In the monthly, we see strong upmove towards the monthly level. Nothing so bearish. Weekly is coming from the Monthly resistance. Also, we see a break in Trendline in the Weekly. Bias shifts towards weakness although there is a nice uptrend which may even continue further. In the...

afzal_57 64 views ・

Monthly is clearly bullish with great momentum candle breaking out of the monthly resistance. A double bottom can also be spotted. Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly...

afzal_57 28 views ・

With a bearish bias established in Britannia through my earlier post, I am seeing an interesting intraday opportunity to short today. In 15 min, there is a good upward rejection of EMA and Pivot and a subsequent engulfing red candle. RSI Hidden Bearish Divergence also supports. EMA crossover has already occurred far back and trend is on our side. Will look to...

afzal_57 142 views ・

Writing it in live markets. Weekly at resistance. Red small candles, clear rejections and a bearish hidden RSI divergence gives me a clear weak bias in the weekly. Daily forms a Double Top pattern along with a weak Trendline break. Need a break below the support (Orange line) for swing...

afzal_57 63 views ・

Weekly is in a nominal uptrend. The last candle however, broke below the support of 253. There's an Ascending Triange (orange) breakdown in Daily which coincides with the Monthly Support (blue). I had already caught a couple of short trades in ITC using the aggressive 75 mins (Ascending Triangle) ....

afzal_57 81 views ・

Monthly: After forming multiple dojis, the price broke below the weak support indecisively. A weak hammer can be seen forming in Oct. A little bounce to test that zone can be seen this month.https://www.tradingview.com/x/XNU8hQTy/ Weekly: Price is making LHs and LLs. Last two candles show rejection of resistance. Daily...

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Higher TFs have alreadyy thrown a nice breakout to the ATH. Monthly RSI is overbought now. Looking at the price action, I don't see a big reversal of any sorts. There is a nice 3 Bar Negative Classical Divergence (NCD) in the Daily. Also, it being at the ATHs and overbought levels make it more strong. The last candle was an upside rejection candle, again showing...

afzal_57 49 views ・

In the Weekly TF, last week, we see rejection of Monthly resistance with a nice candle and a red candle is in the making which is also rejecting the same zone. In the Daily TF, whenever the price has arrived at the monthly level, it smashes down with red engulfings. Also, the short term TL is broken on 8th Nov. So,...

afzal_57 26 views ・

NSE:DRREDDY shows negative divergence in Daily charts at the Monthly Resistance zones. Today, TL has been broken. Used 75 min to enter short on this one, once the TL was broken along with break of support levels. EMA crossover had already occurred earlier. An options call spread is suitable in such circumstances to eat...

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Daily price action shows that the shortlived uptrend was over when price started to make LLs and HLs and also, price is at an important support level. 75 min TF produced a nice candle which rejected TL, 20 EMA and Pivot. Also, the price was at an important level.https://www.tradingview.com/x/83PuujaQ/ 15 min TF is gave a...

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Already bearish from the higher TF, ITC has moved up to the pivot level and EMAs in the 5 min chart, I have sold for a very tight SL of 255.45. Refer my earlier idea on ITC for more clarity.

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Writing it quickly as it's in live market. 75 min TF has a nice divergence at Daily Support shown by the green arrow. Also, price breaks TL giving me poisitive feel about NSE:ACC. Though, there's nothing in Weekly and Monthly to support. In 15 mins also, there is TL break and support break with big green candle with EMA...

afzal_57 52 views ・

Looks beautifully bearish in weekly making lower highs. It was at an important weekly level in last two weeks. The red candle rejected the level as well as 50 EMA, giving me a negative bias. On 8th, Trendline was mildly broken with a big engulfing candle and today, it was clearly broken, though with a green 50EMA rejection...

afzal_57 146 views ・

Weekly: Nifty witnessed good amount of volatility this year. 12k was tested in May-June apx 4-5 times. Back again, it got tested last week. However, the buildup seems interesting with huge green candles making its way to reach 12k which shows strength of the move. Last week, Moody's news played its part and we had a small red candle when people in general were...

afzal_57 88 views ・

Multiple rejections of monthly resistance seen in Daily with choppy candles. Price unable to move up with authority. Resistance apprears strong. Using 75 min TF, Ascending Triangle breakdown, entered short with SL at monthly resistance.