Get started

Indianmarket

Nifty Analysis with indicatorsFrom the hourly chart of Nifty 50, we can clearly see it is making double top pattern, which is a indication of trend reversal. Also, RSI is showing negative divergence which implies that the Nifty can slide down. Nifty is at strong resistance level. We have to keep checking how it behaves on Monday, and with the confirmation of trend reversal we can short for good profits. Shorting after the trend line (shown in image) breaks will be a good opportunity. Keep an eye on it on Monday 8th of June 2020.
NSE:NIFTYShort
by Nikunj_Bangad
3
MRF Sell Setup For swing Trader !The location of trading activity. At the end of the chart, on the Upper right, we can see that the trading activity moves in the lower part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value Low. In an Uptrend, when price rotations become small and they happen in the upper part of the value area, the trend is most likely to end. You can short MRF below 56600 Level with SL: 57450, Target: 55k,54k Thanks You can share your view on MRF with us Thanks
NSE:MRFShort
by Trading_buddy
Strong: Elliote(5+3) + Price Action breakout + Volume profile Hello guys before I write anything I say something that's its takes hours to analysis a single chart so please like it. Elliote wave: 5+3 =>> 5 Impulsive wave done by Piramal Enterprise at 629 0.618 fib level according to wave principle, Currently It's riding on Corrective wave and its have 3 waves with correction of 1 fib which is at 1760 level = 4 wave Price Action Breakout: =>>According to its theory its touches there lower value with excess price with pinbar shows rejection to falling more down and move toward control price if it breaks the level of control price then we can see Piramal at upper value soon. Volume Profile: =>> As you know little bit about volume profile you can see Price at this volume high which means institutional investor taking entry at this price for reversal. Buy Strongly ::::: like Like Thanks need your support by liking it.
NSE:PELLong
by Trading_buddy
2
Mahanagar Gas toward 880After the initiative selling away from the big uptrend, value price makes a small shifting value. At this point, you need to start looking for the new control of price. I want you to go through the following thinking process when looking at this chart. Value is moving up, the control price is pointing up so we are in an uptrend for the moment. The trading activity is taking place on both sides of the control, we cannot see a clear difference in the volume of activity on the two sides of the value area. This indicates that the uptrend is not very strong. It is probably just a short move upwards, correction of price in a bigger downtrend on a higher timeframe. Short Mahanagar Gas Target toward 907-880, Stop: 944 Thanks
NSE:MGLShort
by Trading_buddy
Beautiful chart on MATIC/BTC - Up to 300% ++ gains!This is one of the strongest project im eyeing on. Matic produced more than 10X back in Binance IEO during bear market. Backed by COINBASE Ventures. this coin have potential to shoot past highs. Rumour of it getting listed on Coinbase after Mainnet, and Coinbase is using Matic side chains(not sure where the source is, if anyone can point out would be great) Phase 1 of Mainnet is completed successfully. Phase 2 to be completed in about 1-2 weeks. Mainnet is only weeks away. 50+ DApps are building on Matic already. Will Coinbase allow Matic Staking on their platform soon? (this will cause bulls after bulls..just like Tezos did in the past) Many industry investors are also loving matic. Chart wise, it looks like it is following reverse pattern from Oct 2019 backwards from my yellow arrows. Now 175-195 sats is a really good buying zone as prices are accumulating.. Do note im not a financial advisor. this is only my opinion. Thanks for reading and good luck all!
MLong
by meowoao
1