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JSW ENERGY- Daily Timeframe-Bullish patternNSE:JSWENERGY From March-2023 Stock is taking rejection from bottom trendline and on the upper side sellers are trying to sell it around 275-277 levels (resistance zone). However, the swing lows are shifting up side (Higher lows) which is a sign of strength, sellers are not able to drag it below previous swing. Currently it has taken support on the trendline 5th time and it’s near its rejection zone. Stock has good potential to go upside in upcoming weeks. This is only for educational purpose, please manage your risk accordingly.
NSE:JSWENERGYLong
by Rushikesh_09
MGL-LONG DAILY TIMEFRAME NSE:MGL Stock is consolidating in Descending triangle pattern from past few days. It is taking support on previous Break out level which is 1015-1020. On 22nd June we can see a clear rejection from top. Following to the rejection there is a big red candle which is closed near support levels. Now here comes the interesting part the red candle did not got the follow through. The stock has opened slight gap down on Monday (27th June) and it has been sharply pushed up by buyers. This is a good opportunity to go long and with low SL (approx. 2%) Please wait for the bullish price action if it opens gap down on Tuesday (28th June) SL: 1010 Target: 1070 The entry is bit early as I mentioned that previously red candle did not got the follow through. This is only for educational purpose, please manage your risk accordingly.
NSE:MGLLong
by Rushikesh_09
Happiest Mins - Positional TradeThe stock formed a Bullish Engulfing candle in the month of July 2022, since then the stock has been consolidating within its range i.e 813 - 1027 . It's been 3.5 months and the stock has been moving in the said range, suggesting that it might be getting ready for a trending move. Since the first candle (July 2022) is a big bullish candle, followed by consolidation, chances are high that we gonna probably see a trending move on the upside. The current risk-reward also looks favorable for this positional trade. CMP:992 Target 1200, 1300- 1350 Stop: Below 940 or 900 ( as per risk capacity) Immediate support @ 955-944 Immediate resistance @ 1000-1015. One can time trade on the basis of an hourly or daily chart. Disclaimer : Trade at your own risk
NSE:HAPPSTMNDSLong
by manuagarwal21
1
SNOWMAN LOGISTICS WEEKLY TIMEFRAMEThe 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 (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:SNOWMANLong
by Tradelikemee
NZD USD - Arrival to the weekly awaits Series 7G'Day Traders and Analysts, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged neutral, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are Bullish Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Scarlet - Four day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence. We are live Previous analysis using sells - price will always revert back to the original Fresh Level - (from here on, Fresh Level). This zone will be retested as the monthly and weekly departure needed to overall capture the FL based around $0.665-0.652 range. The reason for this is clear as the FL has a 80-90 day consolidative zone where price has used price action to accumulate a strong buying imbalance. At the current daily chart - price is conforming a Rally Base Rally, at present price is possibly forming a Base, this is where price will reconsolidate the strong zone and present another rally towards. Monthly This upper imbalance has been established through the top of the wick down to the close of the body on the candlestick in focus - taking place July 2017. Why here? Well this has been a previous top of the structure where price has tested by looking right to 2018 and has been rejected where no wicks have created higher highs, solely lower highs, giving the high probability of this zone being the buyers imbalance take profit zone. As with Imbalances, these are retested just like double bottom patterns and also on lower timeframes, considered consolidation patterns. The lower imbalance which aligns with the Fibonacci extension (inverse) where a change of hands will occur with as the monthly candlesticks show a correctional two months - this whilst on the previous "covid" low - upon the rejection the imbalance formation had become this zone - reasons; 1. Price correction relieves the buying pressure and discounts additional opportunities 2. The second reason is due to the the previous Fibonacci "0" on the monthly aligns to the -0.618, -0.786 zone on the inverse Fibonacci.* See here* Weekly Chart - as posted The weekly imbalance zooming into the correction based on the engulfing move from the true imbalance rejection - formed an eight week period of trading ranges which tested tested the engulfing weekly low netting the the low , allowing buyers to begin the process of establishing the trading range as well as lower time frame of a rising channel creating higher lows and higher high wicks. From here this would ensue a breakout for buyers as a well established monthly range at the pivotal level gives a 95%confidence for a buying imbalance to continue to extension targets back to the arrival upon the OP. Where the price chart was back in Dec 2021 Daily Chart Bearish Continuation Judging by looking left - the zone below "0" has been tested - price will look to breakout from the low to correct to 0.694X as a test of the Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXII
by LupaCapital
Relience taking SupportRelience taking Support at major SR level. Made bullish candlestick in daily TF with good volume (higher than previous days). Also taking Support at trend line. Also @200 MA in daily TF. Made base in smaller tf with Cup and handle pattern. Also broke resistance trend line while closing session with high volume. Market sentiments are bearish but expecting reversal in coming days. A good swing trade can be taken after previous days high in broke with good volume. Will wait for retest if open gap up.
NSE:RELIANCELong
by ShubhamDhaygude
Godrejproperties at important supportGodrej Properties has fallen about 40% from its all-time highs in the past few months. Currently Stock is trading near its imp weekly support @ 1470- 1430 levels. If held all good, if not then the next good support I see is around 970 - 870 levels, about another 600 points from current levels 🤯. As per the history stock, the stock does have the tendency of giving up 40-60% gain of previous rallies, so both levels can be seen in the stock. The only resort we have is to Keep an eye on the price action near-immediate support levels, if any positive price action is seen, it might be a good Positional trade with great risk-reward ratio. Currently, there is no sign of reversal and no sign of bottoming out, so keep an eye on the stock. Disclaimer: Not a recommendation to trade.
NSE:GODREJPROP
by manuagarwal21
3