monilkothari56

monilkothari56

-> Nifty forming HH & HL. -> Previous resistance acting as support. -> Trendline Support. -> Bullish Pinbar is formed at confluence support zone -> Fibonacci 61.8% support. -> RSI Indicating Bullish Hidden Divergence.

monilkothari56

-> LALPATHLAB is in clear Downtrend forming LL & LH. -> Bearish Trendline Pattern Breakdown Done. -> Now, Inverted Hammer formation at retest of trendline. -> Monthly CPR Rejection. -> Fibonacci 50% Level Rejection. -> RSI Trendline retesting

monilkothari56

-> STAR forming clear downtrend with LH & LL formation. -> Inverted Hammer is formed at previous support, which is now resistance. -> RSI Indicating Hidden Bearish Divergence. -> Price is in the range of previous Week Virgin CPR. -> Good Shorting Opportunity with Good RR ratio. -> Keep SL above the inverted Hammer candle & aim for 1:3

monilkothari56 Updated 

-> Inverted Flag Pattern Breakdown.( Trend Continuation Pattern ) -> Inverted Hammer Candle Retest. -> Fibonacci 61.8 Level rejection. Entry : 124.4 ( Just below the low of retest candle ) SL : 127.3 ( Just above the high of retest candle) Target : 118 ( Previous swing low can be the target )

monilkothari56

-> Symmetrical Triangle Pattern Breakout. -> Price at retest of trendline. -> RSI Indicating Bullish Hidden Divergence. (Trend Continuation)

monilkothari56 Updated 

Trade Idea -> Channel Formation. -> Descending Triangle formation on smaller TF. -> Weekly Volume Profile is drawn. (showing similar levels)

monilkothari56 Updated 

-> Price Action forming HH & LH. -> Trendline Support. -> Weekly CPR Support -> RSI Indicating Bullish Hidden Divergence. -> Volume Profile Indicating previous week POC support. -> Morning Star Candlestick on support.

monilkothari56

-> Price Action forming HH & HL. -> RSI Indicating Bullish Hidden Divergence. -> Good Consolidation Near Support Zone.

monilkothari56 Updated 

-> Inverted Hammer at Strong Resistance Zone. -> Fibonacci indicating 38.2 level rejection. -> RSI Indicating Bearish Divergence. -> Trade Idea Entry - Below low of candle SL - High of Candle Target - 1:1

monilkothari56 Updated 

->Clear Downtrend Indicating Lower Low(LL) & Lower High(LH) -> Inverted Hammer is formed at previous support which is now resistance. -> Fibonacci Indicating 61.8 level rejection. -> RSI Indicating Bearish Hidden Divergence -> Trade Idea Entry - Below low of Candle. SL - High of Candle. Target - 38.2% Fibonacci Level

monilkothari56

Shooting Star at Monthly High. RSI Indicating Bearish Divergence. Entry - Below low of candle. Sl - Above High of Candle Target - 1:1

monilkothari56 Updated 

Ascending Triangle Pattern is formed. Upside Breakout will give good up move.

monilkothari56 Updated 

Shooting Star at Resistant level. RSI Indicating Bearish Divergence. Entry - Below low of candle. Sl - Above High of Candle Target - 1:1

monilkothari56

Inverted hammer at Resistance which was previously a Support. Inverted Hammer at Monthly High. Fibonacci 38.2% level rejection. Entry - Below low of candle. Sl - Above High of Candle Target - 1:1

monilkothari56

Inverted Hammer at Resistance + Monthly High. RSI Indicating Bearish Hidden Divergence. Previous GAP acting as Resistance.

monilkothari56

Shooting Star at Resistance + Monthly High. RSI Indicating Bearish Hidden Divergence. Previous GAP acting as Resistance

monilkothari56

Inverted Hammer at Resistance RSI indicating Bearish Hidden Divergence

monilkothari56

Inverted Hammer at resistance level. Rsi indicating Divergence