I am a trader, investor and a full time working Professional (NRI). I have developed my own system based on pure price action and do not rely on any indicators or data to make decisions. Nifty Options are my favourite Bounties.
PA is suggesting a breakout of the Inverse Head and Shoulder pattern for possible targets marked in green lines. PA could possibly retrace upto 345 levels before the upmove to higher levels. PA below 340 -335 levels would negate the pattern.
Trade safe and good luck to Y'all
Bullish Flag pattern breakout in BPCL.
PA in BPCL has broken out of a bullish flag and is retracing the upper descending trend line of the flag. The RR looks good for an upside move upto 800++ levels as shown with green lines. PA close below the blue line may not be conducive for the upmove.
Trade safe and good luck to Y'all.
A tight Flag can be seen in Radico Khaitan. One can go long for some quick bucks to targets marked in green. PA moving below 118 levels may not be conducive for a upmove.
Trade safe and good luck to y'all!
PA in biocon is showing a consolidation pattern and the range seems to e kept intact as seen by the large volume engulfing candles. Prepare for a breakout towards 1400 levels. PA moving below the blue line invalidates any immediate long move.
Trade safe and good luck to y'all!
15m PA in Hindpetro shows consolidation inside a channel. Breakout can be on either side but my reading of PA says it would be most likely on the down side. Targets are marked in green. If the PA breaks the trend line marked in yellow, downside move would be negated or delayed and in that case PA could move upside to the previously tested levels marked in...
PA has formed a range in Hindalco and one can ride the breakout to the long for targets of 245++ levels. One of two scenarios may be possible.
Scenario 1 - PA will likely test the ascending trend line and retrace for a breakout.
Scenario 1 - PA will breakout at the resistance and move to next higher resistances registered in the past..
A flag like pattern has been observed in yesbank, 30m/hourly charts. With results being anniunced can it add fuel for the flag to fly high? Targets are marked in green, while redlines indicate possible supports. Best of luck to y' all.
Interesting PA observed in Motherson Sumi. The PA currently is testing the support of the uptrend channel and if PA can successfully rebound then we can see PA reaching 390-400-410 levels and beyond upto 425. If PA closes below the uptrend channel or 370-369 levels it may test 355-350 levels.
Multiple bullish flags in Yesbank. There may be 3 possible scenarios.
Scenario 1 - The PA would continue to make higher highs without retracement
Scenario 2 - The PA would retrace to 1490 levels ,rebound and move towards targets of 1890 levels.
Scenario 3 - The PA would retrace to support levels of 1400 , rebound and move higher towards targets of 1890...
TataSteel at an interesting point. PA will likely test the Demand line at 435 levels and will likely bounce back to 560 levels where previous PA was tested..
Alternate PA would be bounce back from current levels for same target.
Potential Bullish Dragon & W bottom pattern have been spotted in Hindalco charts. PA is trying to break the trendline highlighted in purple and once it breaks past it may likely move towards 200 levels. A retracement to 183-182 levels may be possible to close the gap of today's opening. RR seems to be good at 183-182 levels for potential targets of 190,195,200...