aktradelearning

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IRCTC - looks like a dark horse and very strong script for long term.. after all the initial euphoria the stock rallied a lot and lot of retails got stuck at higher level , after correction it took support at 61.8% retracement of its IPO to ATH price. Retailers have mostly got frustrated with this script and have exited in loss and stock seems to have started its...

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Nifty after bottoming out in March end has been in clear uptrend with some minor pullbacks in between. It is currently travelling in a parallel channel with a important support placed around 18190 which in last session acted as channel bottom trendline support as well as was May series avwap level. Nifty bounced by more than 100+ points from that support. In...

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This chart is just for study purpose to understand the price action on BEL chart. BEL has previously given a rounding bottom breakout on Weekly charts in August 2021 and it achieved its pattern target by Sept'22. Price after making its high in Sept'22 was under consolidation and correction and is travelling in a falling channel on weekly timeframe and has taken...

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Nifty after making a recent swing low around ~18060, did a falling wedge breakout and made a swing high around 18420. Almost 350 points. It corrected from there to about 61.8% fibo level and made a swing low today around 18200. The pattern indicates that is forming a flag & pole pattern. Also, as a learner of EW; my wave count suggest that it was a wave 2...

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Bajfinance on weekly chart is showing initial signs of reversal and personally anticipating a higher bottom on weekly timeframe which is also at a good fibo support zone and can potentially provide a start of formation of Weekly double bottom or (W) pattern, also stock is nearing its 200 weekly ema which has acted as good investment / accumulation zone in past....

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Ramco cements has been given 18 weeks of Insider Bar consolidation breakout and price is now consolidating above IB breakout level for last two weeks, keep this setup in radar for longs

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Siemens on weekly timeframe is forming a rising wedge formation. It is also formed at the top of the rising channel in which Siemens has been trading from quite some time, generally such formation are formed as ED formation in EW and can be a signal of truncated 5th in its impulsive wave upmove. Although, this post doesn't deal in great detail with EW wave...

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Price is under falling channel with RSI showing +ve divergence It has also closed above 20dema after 76 session with good volumes and as per VSA analysis, even though volumes were higher candle stick spread is very small and this has appeared in a downtrend. It can be sign of smart accumulation here and breakout above 1450 could trigger good short covering....

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#Banknifty after making a fresh ATH in Dec 2022, has corrected for almost 5100 points and bottomed out in March. Since then it is in continuous uptrend. Currently price is in a upward moving channel and as per my little understanding of Wave, it is probably in (iii) of 5. 43800 is a strong resistance zone which, lets say it gave a fakeout in Dec and then went...

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GNFC on monthly time frame gave a breakout of rounding bottom in Feb'22 and immediate next month it gave more than 50% upside momentum. Since then it has went into correction mode and is taking support now from last few months at the previous resistance / breakout level on monthly closing basis. Monthly candle so far is looking good and since Oct'22, it is...

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Titan after my previous sell signal (related idea section), and achieving the downside target is now making Weekly double bottom with a better elevated (green) trendline support from the previous one (brown), signifying bulls are much more active. Double bottom has also come at a good Fibo support zone of 50 to 61.8% retracement levels from June low bottom to...

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Chamblefertilizer is in trading inside a falling channel since Sept 2022 and with every lower low, RSI has made triple bottom and now showing breakout. While Price is yet to breakout of the falling channel. Price is currently trading above ema 20 and ema 63, with ema63>ema20. Chances of Price hitting ema 200 are on higher side as medium term sellers may be in...

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Indiamart on weekly timeframe is showing some strength, most of the details are already on the chart.

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DLF on charts is giving a momentum trade possibility on upside where a breakout is anticipated, keep this setup in radar

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Asianpaints is forming a bear flag on weekly timeframe, previous weekly inside bar on weekly timeframe which it did broke out on upper side has failed now and more and more consolidation near support trendline is giving a weakness signal here. Any breakdown of the flag and trendline can invite short side target well below 2400 .

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Polycab on weekly timeframe has been moving into this rising channel and is also forming an inverted h&s pattern, the breakout for which is visible (considering the weekly closing) will sustain above neckline. It looks very bullish

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SBIN on 2 hour tf is showing a falling wedge pattern, as long as recent swing low ( or budget day low) is saved chances of this going upside are higher and can be a good swing trade with small risk.

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Banknifty on Monthly tf looks to be travelling in this channel for now, and after three months of correction since it made ATH in Dec 2022, last monthly it made a doji and potentially by April closing it make a Morning star formation which is currently under progress. Also Banknifty has crossed previous two months high so far. On weekly timeframe, Nifty has...