The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Black Line zones - Resistances R1 - 19617-19639 R2 - 19723-19795 R3 - 19805-19822 R4 - 19842-19876 Green line zones - Demand S1 - 19593-19574 S2 - 19555-19510 S3 - 19595-19462 S4 - 19350-19295 Analysis:- Nifty is in a process of forming a retracement , Lower High for the Downtrend formed. But if it moves strong above 19684-19733 which is the 78.6% to 88.6%...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Bank Nifty selling of and forming shooting star candles... what should we expect ? Is it trend reversal ? or is it profit booking buy previously holding stocks ? Day...
Most ALTs haven't tested the main resistance level yet and even though they rejected beneath the resistance still there is a smell of bulls in the price action. Yes not so much interest yet but i'm expecting something more likely upward towards the resistance zone soon. But like i say market emotions change with the time so we must not stay rigid, we need to move...
Here are some levels marked on Nifty spot chart for intraday importance Wave Structure could be like this. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing
Bullish Flag formed. However, major resistance near 16750 zone. Good Breakout is possible if market sustain over 16500, otherwise expect sideways to bearish movement.
Double Bottom Formation Wait for breakout, target would be around 16150-16200 Zone. In case of Breakdown, expect sideways movement with support near 15450-15500 Zone.
The price failed to break the resistance and now the price is in the middle of support and resistance area. wait and see if the price rebound from support area (151.899) take a long entry until the next resistance, but if the price break the resistance, it is very possible that the price forms a falling wedge pattern. FX:GBPJPY
FX:AUDUSD double bottom on AUDUSD, price back to the retest area and form a bullish engulfing candle.
as you can se, the price make double top pattern entry :1.8801 stop level : 1.88685 take profit : 1.87207
With an SL of 95 start accumulating it. It will consolidate on 120 before or after breakout. Another Oil sector stock - you can choose between ONGC and IOC, have posted charts of both. (IMP- Reliance can also give a good rally which will lead all the oil sector to perform well) If you have any query feel free to ask in Comments or mssg me.