It's indeed the best trading bet for beginners to buy at the bottom of the channel and sell at the top FOLLOW me for more such content ahead...Till then, HAPPYY TRADING :)
The chart is self explanatory FOLLOW ME for more such content ahead...Till then, HAPPY TRADING :)
If you see NIFTY 50 it is perfectly following the fibonacci retracements levels...like 1.618 in APRIL was a resistance and 2.272 is now a resistance level...If NIFTY 50 has to reverse it has to form a 5 wave correction to call it a trend reversal...else if we don't form it...the price will head higher Will be updating regularly as the price action unfolds FOLLOW...
Many of the investors mistakenly believe that it is the best time to wait after the election results to buy shares.If PAPPU's party comes then the economy might not do good or if NaMo's party comes then the economy will boom...(JUST AN EXAMPLE...I AM NOT TARGETING ANY ONE HERE) People just believe that their favourite politician/party will take the economy...
17800 will act as an extremely good support and there is a huge possibility for THURSDAY's low to be the low for the next 2 weeks iff there is no bad news flow. NIFTY is forming volatility contraction pattern,double bottom broken out,trendline broken out,20ema broken out,0.5 fib retracement broken out...ALL these makes NIFTY 50 extremely bullish for this monthly...
I have given the reasons why I am bearish on RELIANCE INDS in the chart itself,Do have a look into it before initiating a trade in it. This is just an analysis which has a possibility to go wrong, Do trade with proper risk management and a stoploss. 2400 will be a good price to accumulate RIL for long term. DO LET ME KNOW SHOULD I MAKE A POST ON ANCHORED...
Buy on every dips from here on with a SIP in TCS and many other IT sector stocks like INFY,HCLTECH as long term story of IT sector in INDIA is intact. FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
Nifty 50 has completed long term targets of 18600 as per fibonacci ratio of 1.618 extension and has started to fall from the exact 1.618 levels. The wave started from the low of 2008. It completed a 50% retracement in 2020. And the extension of 1.618 is completed in OCT 2021 The fall we are seeing in NIFTY 50 is just a pullback as of now.NIFTY is not at all...
The chart is self explanatory If NIFTY falls below 17000 then 16500 will be the only support and then 15000 levels (200 EMA ) But these are extreme levels to which NIFTY 50 can fall 17550/17400/17050 are the next support levels for this expiry and 18000 is a stiff resistance RSI below 50 and Volumes increasing on sell side is a matter of concern. FOLLOW ME for...
The chart is self explanatory If NIFTY falls below 17000 then 16500 will be the only support and then 15000 levels (200 EMA) But these are extreme levels to which NIFTY 50 can fall 17550/17400/17050 are the next support levels for this expiry and 18000 is a stiff resistance FOLLOW ME for more such content ahead...Till then, HAPPY TRADING :)
Multiple time frame analysis of any STOCK/INDEX is the basic criteria for a HIGH PROBABILITY SETUP. I have analysed Nifty 50 in 3 time frames 15m/1H/1D and found few candlestick patterns/Reversal patterns that shows NIFTY has the potential to hit lifetime high again ONCE THE TRADE GETS ACTIVATED. 15 MINUTE: .Inverted head and shoulder and a stage formation. .If...
Reasons to BUY now 1.WEEKLY TIME FRAME ANALYSIS: .Breakout from FLAG and POLE pattern / Parallel Channel Pattern with good volumes and is now retesting it with low volumes .RSI is 48 which indicates long term strength .EMA 52 rejection .0.618 Fib ratio rejection 2.DAILY TIME FRAME: .EMA 200 Support .BULLISH engulfing candle pattern after a false breakout of...
"HISTORY REPEATS ITSELF" is a very powerful mantra for success in STOCK MARKET. Anyone can mint money in a bull market but THE ONE who protects his/her money before a market crash is the one who makes profits in the long run... And the fun fact is that market gives enough chances to protect one's capital before the crash. Here I am with one of the very few...
An Uptrending stock gives many opportunities to enter in it. But...we miss many of them assuming it as a reversal or before we enter the stock moves much higher again and Risk/Reward ratio is unfavourable for our trade. Here I am with another tried and tested strategy to find whether it's a pullback or trend reversal and the most IMPORTANT...enter before the...
BUY once it closes above the stage in 1hr time frame till the end of the day. Cannot give targets as the markets might be very volatile after DIWALI... trail your stoploss with HHHL pattern in 30 min time frame. FOLLOW me for more such content ahead. Tille then, HAPPY TRADING:)
The chart is self explanatory Entry levels : BUY on opening Exit Levels : 10000/10500/10700 ( LENGTH OF THE POLE AND 1.618 FIBONACCI RATIO) Disclaimer: This is not a BUY/SELL recommendation shared just for educational purpose. FOLLOW me for more such content ahead. Till then, HAPPY TRADING :)
-->MARKET ANALYSIS : Bullish -->SECTOR ANALYSIS : Broken from stage structure -->STOCK: Broken from stage structure and cup and handle pattern with a good closing above 1600 Looking bullish for short term targets of 1800 levels and thereafter 2000+ RS uptrending and RSI 60+ adds icing on the cake FOLLOW me for more such content...
Nifty 50 experienced a panic sell in the last couple of hours and has formed a bearish engulfing pattern in daily time frame...but this pattern stays valid only when Nifty 50 starts forming a 5 wave lower high and lower low on a the 15 min chart and breaks the pivot point as mentioned in the chart.Don't exit from your trading portfolio in panic. Mid caps were...