Simple price action movement in Jindal steel with clear stage 2 rally . watch price action after every consolidation . Even nifty under performing Jindal steel showed its strength . Rectangle breakout expected , reference point is metal index price movement. also use 50DMA in hourly will give exact entry and refer 30DMA for exit . Happy trading.
Concor trendline break out with good volume is great sign of strength. Price is trying to take support from 50 DMA . Now the stock is retesting demand zone , if another WR candle with good volume will confirm further trend . Take new Swing low as SL because of market condition in hourly
Long opportunity in Bajaj Auto . Watch Important SR level and Price action . Pull back entry preferred . T1 and T2 depends on index movement. Watch nifty auto index as a reference point for your entry . Happy trading week Guys..
BANKNIFTY rallied more than 6 percent in last two session . HDFC merger is the key for todays rally. Tomorrow expecting some profit booking, you can refer Anchor vwap to understand SR level . Higher low formation is pending with Bank nifty , refer FIB level for that . Important SR level at 38800 & 39000 (a Gap is there to fill) is important for bank nifty. Happy...
HAL formed one of my favorite pattern( variation of HEAD and SHOULDER) . Good volume spike in todays session .If the break out happen with good volume will consider as strong break out , other wise wait for follow up candle to show strength . Always try to build position in smaller quantity ,once you find the direction add balance position . This will help to...
CUP AND HANDLE formation in hourly time frame . Watch important SR level for reference . Plan your future trade with nearest swing low as SL .Watch important price action at 36000 price level. Happy earnings guys.
NIFTY consolidated in weekly candle . Expecting a directional move in coming week ,either short and long . Important SR level marked . Plan your trade near SR level .Preferably Nifty Futures .Happy trading Guys
Bank Nifty future given fantastic entry opportunity with anchor VWAP . Exactly taken support from LL and rallied towards upper band . only concern is no volume expansion in upside move . HH structure is still pending 36900 level . watch important level before taking big positions . Happy and Safe trading guys. if you like the content kindly share with your friends.
BTC given a break out after 3 month consolidation . Break out candle is fine with good volume . Present pull back with low volume is a great sign . Plan your long trade once the price sustained above 200 DMA . price is above 50DMA showing bullish momentum . Still the confirmation is pending with 200 DMA .Also you can find VCP structure (variation ) in...
Simple price action trade with Fib level reference .
BALKRISHNA INDS formed CUP and Handle pattern . Right now the price is near important SR And FIB level . Break out from this area will give a good swing trade opportunity. Reference point is 50DMA . Volume expansion in long side is a positive sign .
MPHASIS LTD near its 52 week High and Major SR level . Plan your trade once the price sustained above 3500 level. only concern is there is no volume expansion . if we get wide range candle with good volume we can initiate a trade. Also make your own analysis before making any entry. Also watch Nifty IT index for reference.
INFY formed a Bullish pennant . More confirmation depend on nifty IT price movement . Showing a good opportunity trade.
Persistent near important SR level . Once the Gap filled ,will give good return . SL nearest swing low a plan your trade in small position . Happy trading Guys .
JSW steel in stage two structure and also near 52 week high . plan your entry as per price action and Volume expansion . 7 month price consolidation is good sign of strong momentum .Weekly SR is marked will act as strong Resistance.
Already given breakout . Plan your next entry only in pull back. Either you can prefer FIB or Trend line for reference
Bank Nifty from HH- HL structure formed HH - LL structure , Showing some weakness in BNFTY compare with Nifty . So if we get a rejection from FIB level ( will confirm LH LL structure), plan short opportunity with Good Risk Reward Ratio. Happy earning week...
Yesterday after gap up Bank nifty consolidated well and hold its momentum. If the market open Near PDH or PDL in will give good opportunity in both side . If the market retrace back to Fib level and form a bullish candle plan a long trade for next days .Important SR levels marked and Targets are not based on Intraday . Happy and safe Trading guys ...