1900 LIMIT ORDER PLACED Reliance Industries Daily and Weekly time frames looking good for long term in terms of Price Action
Nseindia
Birla Corp ready for breakout?Stock is at a critical level, will it breakout or breakdown like it has in previous years at this level? Keep your eyes on the charts and follow me on tradingview/twitter to find out!
#banknifty analysis for 5th Feb #banknifty analysis for 5th Feb
6 trading session 5725 point rally, it's too fast & furious rally to sustain and have to cool down.
The pattern getting formed is a nonsustainable pattern and will fail (71% elevation can't be sustained)
Positional short only below 34,200.
Decision Zone:- 35,028 -35,160
Upper Targets:- 35,321 / 35,413 / 35,845 / 35,996 / 36,112 / 36,328
Lower Targets: 34,791 / 34,498 / 34,047 / 33,586
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Why you shouldn't invest in metal stock post budgetDon't get easily fooled by the positive news for metal stocks post budget, here is the weekly chart of Nifty metal! Sideways action since the initiation of the index! Now if you are good at catching tops n and bottoms of the market you can go ahead and trade it, but even Hedge fund managers have a tough time doing this so good luck 😉
AXIS BANK - Swing Trade SetupHi Traders,
We have spotted a divergence in Axis bank daily chart. Price broke the inner trendline yesterday and price is retesting the trendline. If price close below its confirmed breakout and we can sell till price reach TP 1 or can hold till TP 2, its likely to test the outer trendline.
Happy Trading.....
SBI 13/01/2021 updated after 1St TP achievedHi
this analyze is base on my preview video analyze of the same ticker
www.tradingview.com
as we can see our first target was 300 to 310 Rs which we had achieved and now we are crossing the 161.8% fib projection which is also called as extension zone in Fibonacci jargon and it gets interpreted that once we touch this zoon after crossing the 127% of the same fib, then we can expect the trend to reach the 261.8% of the same fib projection which I have specified with the TP Zone Box (350Rs)
we may have a renege and consolidation period as we are breaking trough a tough resistance zone which i have specified with the red box.
or a little bit correction to 127% of fib but the ultimate target is to cross the resistance zone and hitting our target price of 350Rs
please comment your opinions
RELIANCE breaking out of Symmetrical TriangleReliance (Daily) breaking-out of Symmetrical triangle with Volume.
it should hold 1970 (retest of the tringle/upper trendline) & above 1975, expecting 1st Target of 2013-2015.
if it holds 2015 then next target is 2096-2100.
ONGC - Trend AnalysisONGC is in uptrend, making higher highs and higher lows, now this is a crucial point where the price is on support level and touching the trendline for 3rd time, wait for confirmation candlestick!
HUDCO NSE 2021 complete Price Action analysis up to July 2021Hi
here I have analyzed the Housing and Urban ticker of NSC using Divergence strategy as we can see the trend is making bullish divergence with MACD which is a sign of trend reversal and complete Price Action and Fibonacci retracement and its confluences with the Fibonacci Projection
I have speculated the time of immediate TP by Fibonacci time zones
you can we can see i have specified the supply and demand areas with the support and resistance of the candles formation which has got the complete confluences with the fibots zones
i had earlier also analyzed this ticker so you can refer to my 6 months back analysis too
please comment your opinions for me
2E Signal Generator | ICICIBankDear Traders,
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2E Signal Generator : Tata Motor AnalysisDear Traders,
We have developed highly customized and advanced indicator that can generate buy signal to take positions which can return more than 2% of profit over 3-5 days on an average,
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Feedback and request to test it on different exchanges and symbols is welcomed.
It has a inbuilt-risk module which takes into account the noise and ensure signals are actionable.
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WIPRO Long for Target 530WIPRO moved as shown in previous chart.
It may correct to 400 in coming days. Monday January 11 it may cross 450 . Then a correction to 400 and rally begin for target 520+ .However its not end .
