study-learning-on-Price-Action

study-learning-on-Price-Action

ADANIPORTS have given breakout from 375 zone after many attempts and consolidating for 10 days. Same level is also FIBO 23.6% which acted as major resistance since Feb'20. Today's closing along with good volume is indicating positive momentum in coming days. Long above 385.5 and it can goo till 394 Watch my other charts to understand simple price action used for...

study-learning-on-Price-Action

IRCTC has seen 150+ days of consolidation in close range and has given breakout 4 session back and now staying on top of trend line. Above 1415, it can see up move to 1450, 1500 & 1550. This stock when moves, it does crazy thing so wait for level to break patiently and get ready to enter in this highly rewarding stock. Watch my other charts to understand simple...

study-learning-on-Price-Action

JUBLFOOD chart is presenting us many factors for its another leg of upmove. 1. Flag pattern breakout happened couple of days back and it has broken its previous high. 2. It did a retracement to 61.8% and bounced back. 3. Volume is building up in last 3-4 sessions. 4. During Muhrat trading session, previous high acted as support. Above 2505 on Tuesday (17-Nov) it...

study-learning-on-Price-Action

TORNTPHARM, has beautiful text book chart where resistance zone turned into support and then again acted as resistance. Also this chart shows DARVAS box breakout and then stock reaching target. For tomorrow, if this manages to breakout at 2642, then can move up nicely to pink line. MUST HAVE ON WATCHLIST. Watch my other charts to understand simple price action...

study-learning-on-Price-Action

Those who have been trading for sometime know how crazy IBULHSGFIN stock it. When it give breakout, it moves nothing less than 4-6% and sometime even more. Now this is again very near to breakout level of 177. Once this is successful to move out from here, can reach 186.5 & 192+ levels. Watch my other charts to understand simple price action used for all of the...

study-learning-on-Price-Action

HAVELLS is respecting its previous high peak from Jun 2019. After good momentum move in last week, it is taking some rest at 815-825 levels. Once it breaks 830, it will continue momentum. Weekly chart view Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if...

study-learning-on-Price-Action

Following are best bullish picks 9th Nov. For bearish picks & live trades, check details below. 1. RBLBANK 2. BAJAJFINSV 3. BANDHANBNK 4. HDFCAMC 5. AMARAJABAT Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical...

study-learning-on-Price-Action

HDFC is standing at important level due to following reasons. 1. Brown trend line in chart is running since Feb 2016 (See weekly chart below). 2. It has crossed important resistance line (pink color). 3. It has small gap to fill at 2145. 4. Closing above brown TL & 2152 can help this move to 2200. 5. On Monday if moves above 2145, I will buy. If not able to...

study-learning-on-Price-Action

Banking stock have been in great momentum for last one week & HDFCBANK being the heavyweight of them all have broken ATH. It is trading in upward channel which is its long term behavior. Above 1311 it can continue its momentum but traders to be cautious about resistance from upward channel band. Watch my other charts to understand simple price action used for all...

study-learning-on-Price-Action

ACC has formed beautiful Ascending triangle pattern and has closed near to breakout level. 1700 is another physiological level once crossed can fuel some movement. Third factor for movement is long term resistance zone around 1706-1709 which was respected multiple times between Apr to Sept 19 time period. Breakout above 1707-1709 can show some good momentum by...

study-learning-on-Price-Action

Glenmark has formed a perfect Symmetrical triangle pattern and has given breakout closing. Although Volume is not much but if tomorrow, it manages to stay above 505 (510 for safe payers) then it can see possible upmove. Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators....

study-learning-on-Price-Action

SIEMENS have formed a beautiful text book Ascending triangle pattern and has given closing at neck line. This is high probability setup for tomorrow above 1315 level. Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical...

study-learning-on-Price-Action

GODREJPROP gave massive move last week which we caught as it was on our radar. Now post that move, it has retraced and respected Fibo 61.8% level. If this continue it upmove and crosses 1063 level then it can move further for FIbonacci extension levels. Must have on your radar next week. Watch my other charts to understand simple price action used for all of the...

study-learning-on-Price-Action

NESTLEIND has given breakout from Flag pattern formed over 1.5 years. Consolidation itself has for 4 months. It gave breakout on Monday and took a pause today (Tuesday) and formed inside candle which is again good sign. Post 17310, it can give good move. Must have on your watchlist. Daily view Watch my other charts to understand simple price action used for all...

study-learning-on-Price-Action

SRTRANSFIN after moving smoothly from Inverted Head & Shoulder breakout (level given was 676). If SRTRANSFIN sustains above 745 tomorrow then it can move to 761 & 796 in coming days. 796-804 is major resistance zone and this is crossed, then major move can be expected. Pattern is very similar to what we posted in KOTAKBANK. Keep this in your radar on coming...

study-learning-on-Price-Action

THYROCARE was one of the LIVE trade given at 9:42 today (26-Oct 20) when it was trading at 1104 to buy above 1111. Within minutes it triggered and made intraday high of 1165 (54 points from entry). My target was 1150 with 1093 as stop loss. We also earned good profit (3.5%) in JUSTDIAL which was again shared well before breakout & move. Chart when this...

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study-learning-on-Price-Action

CEATLTD, chart is perfect example of stock beautifully following FIbonacci levels. This was shared as an assignment as well and received many replies and some of the members were able to identify multiple correct answers (Can't be more happy & proud). In this video, i have briefly explained how to apply fibonacci tool to find support & resistance areas for a...

study-learning-on-Price-Action

VMART is trading in upward parallel channel & has taken support on bottom. Friday's session has shown volume build & reversal. This can be good swing trade pick for coming days with stop loss & target mentioned on chart. Kindly work with risk management before taking any trade. Watch my other charts to understand simple price action used for all of the...