DCM analysis on daily and weekly timeframeTrend change confirmed at 21.85 based on 123 trend change criteria.
Ascending triangle is broken.
The stock is above 200 MA
Next entry above 23.75
Target around 32.
Good luck!
Indianmarkets
USDINR: Headed to 75.5Wave A & B are done, wave C is overdue now. At the least C should be equal to A, providing for a ball park goal / target of 75.5.
Rupee getting weaker has seldom coincided with Nifty keeping going higher. Most of the time Stockmarket goes down whenver the value of Rupee goes down. It happened during September-October '20 also within this madenning equity "rally"
Caveat: Do never overstretch intermarket relationships. The Delta of change in the value of Nifty to Change in USDINR is not constant either. This is a broad relationship.
Hear out the entire video recroding for further caveats and how am I using this chart. This chart prevents me to be an equities bull in abandon. Not yet short on equities, yet not willing to expand exposure on the long side on equities. Once the USDINR chart starts producing the C wave and the uptrend line on Nifty breaks thats when one will trade on the short side on equities.
Watch the Indians The Indians are in a similar position to many other stock indices. Three things can happen here:
1. Price goes below the amber ATR line, and then rocks north like a bat outta hell - or
2. Price collapses below ATR line and continues south for a while.
3- Price continues to range within a horizontal band.
Whatever happens there is money to be made here - if you control your acceptable loss.
If you have dosh to burn take long or short.
If you don't have dosh to burn you could play a ranging market on a 3 min to 5 min time frame milking small trends that can run for hours.
Or you can do both of the above. Skill and experience cannot be provided in this post. Trend following is far more difficult than other forms of trading with potentially heavier losses and extraordinary gains. There are no targets in true trend following. Hence only about 20% of all traders according to research are true tend followers (not to be confused with trend continuation trading).
Bharti Infratel - Can be bought above 190 for higher targetsBharti Infratel - Can be bought above 190 for higher targets(minimum 1:2 RR targets) with SL of 178/-
Stock has been trending in range and once it enters into the channel it can be bought for the higher targets of 220+
ICICI Bank intraday technical analysis forecast After market crash stock has completed its abcde correction with chart pattern.
we have buy zone to buy
Bajaj Finance - Complete Breakdown Of ChartHi Traders,
As we analyse the daily chart, price is in an uptrend because it is trading above the 50SMA. The key levels are at 3518 (Green) , 3606.60 (Yellow) and the golden zone between 3446.35 - 3374.70 respectively. We can see that price has found support at the golden zone and has tested our resistance level at 3518. Since price found support at the golden zone, breaking of the recent high(3749.85) is unlikely. So we can conclude that this stock is in its exhaustion stage and the present uptrend will end soon. If the price close below 3272.75 (Red), this marks the end of current uptrend.
Now we will look into the hourly chart for short term opportunities. The hourly chart is below the 50 SMA indicating a downtrend but since the higher timeframe is showing uptrend, it is advisable to take buy positions. Short term buys can be done if it breaks the hourly trendline and must be cautious when price tests the above mentioned key levels. Intraday trades can be planned based on price action at the above mentioned levels.
Note:- This analysis can be used for short term and medium term analysis. We need to breakdown the weekly chart for long term investments.
If u have any suggestion on which counter u need an analysis, please comment below.
Pls like and follow for more.
Happy Trading............
Axis bank Elliott wave analysis 2020 : One time opportunity Stock is in clear bearish trend. Right now we are at the end of 4th correction wave followed by 5th wave.
If we consider global economy than we have us election on 4th November 2020. The result of this election will decide tone of current geopolitics risks for next 5 years specially us china. Before 2025 china has its own agenda "the vision 2025" which is the core reason behind US China India issue we knows as tiktok, pubg ban.
The 5G : who will lead the world in 5g US or China. With whom will India build its 5G infrastructure US or china. this is the core concern of current us, china, India political drama
Which bank will provide investment for that infrastructure for business
Due to corona virus depression banks are already in loss. we can expect unprecedented loan default this year. Legendary investor Warren Buffett is already getting out of banks stocks which he bought in 2007 financial crisis which triggered global recession obviously it came later in India too. He has sold all of his goldman sachs.
At the end of 5th wave we will have once in a life time opportunity to buy this stocks but it will take years to recover only patience investor will make money
Buy low Sell High : Indian stock markets Elliott wave analysis
INTRADAY ANALYSIS - ZEE LTDHi Traders,
This stock has made a higher high in the 15m time frame. The short term support for this stock is at 215.15 and 211.55. We have the golden zone between 208.60 and 205.70. You can use any strategy to enter at these levels. We dont recommend a blind entry at these levels without confirmation. A chart pattern in the 1m timeframe at these levels can be a good confirmation.
Pls Like and follow.
Happy Trading......
TATA MOTORS IS INSIDE THE GOLDEN ZONEHi Traders,
This stock has broken the weekly trendline. The price is now trading inside the golden zone. There can be a retracement back to the weekly trendline.
We can safely trade this retracement only if price forms a reversal chart pattern at this golden zone.
If the price close above 172.70 can change the outlook of this counter to bullish. Because there is possibility that price can move in range within the goldenzone and 172.70 or the weekly trendline.
For queries feel free to comment and like.
Happy Trading.....
TRADERSAI - Experimental Debut for the Indian Markets - NIFTY 50Hey everyone!
After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index, we are now testing our models on the Indian stock markets with the NIFTY 50 Futures. This is our debut for you all who have been waiting for it!
While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you!
Legend:
(i) Use these line crosses on your choice of time frame chart.
Most aggressive - on a 1-minute chart
Moderate - 5 to 15 minute chart
Intraday swing - 30 minute chart
Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results.
(ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc.
Solid Green Line: Models would go long on a cross above this line
Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long)
Solid Red Line: Models would go short on a cross below this line
Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short)
This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
Good luck with your trading!
BREAKOUT IN DEEPAK NITRATEDEEPAK NITRATE HAVE GIVEN BREAKOUT BUT THE RUN UP WILL RETRACE TO SOME EXTENT BEFORE GOING UP.
SO ITS BETTER TO WAIT FOR TAKING POSITION.
...
Its only for educational purpose and please consult your advisor before taking position.
AXISBANK touched the resistance at 384, Now expect the fallAXISBANK has recently touched the mirror level of 384
Now, the down move had begun
I had added a short, If got more opportunity I will add more shorts at better price
If market open above and starting moving down, more shorts
Target will be 365 for short term, intraday
Havells if you are still thinking of shorting it !Hello Guys, When You look toward price is still maintain and regulate by main price control which is good sign for target toward 500-530 in upcoming weeks
Thanks
Time to Accumuate PELLong terms seems to be good option for PEL.
Please trade at you own risk.
This is only a study.
CANARA BANKDESCENDING TREND LINE
its weekly chart is showing downtrend from past 2 years so to go with the swing always try to short this below its trendline where it find resistance
is nifty 50 losing strength ?nifty is showing ascending triangle on 30 mini chart with gap up opening from last 3 session.
but now its 3 rd gap showing intensity to open with gap is reduced,
it might be possible next session will open with small gap and then will give downside breakout.
i hope its is meaning full
please like and follow.
