Shortterm
NIFTY ::: BEARISH :::DATE: 16 JAN 2022
INSTRUMENT: NIFTY
TREND: SELL
TYPE: POSITIONAL.
TIME FRAME: DAY
CMP: 18255
Sell Below: 18192
STOP LOSS: 18287
TGT 01: 18015
TGT 02: 17535
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Buy IDFC @ 64 sl 59 target 83stock is ready to breakout from current zone . long bullish candle and also retracement. as per point and figure chart pattern this pattern is ARF pattern .
ETC - Long-Term and Short-Term Plan!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ETC is approaching a strong support zone 25-30 in green so we will be looking for buy setups.
Long-Term: right
on DAILY, ETC is forming a channel in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Since ETC is sitting around the lower blue trendline and support, we will also be looking for buy setups on lower timeframes.
Short-Term: left
on H4, ETC is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ETC would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
IS BITCOIN READY? If you look closely, according to Elliott, the whole current bitcoin correction is a simple zigzag pattern (5-3-5) and there is still a upside to around 43500 and a correction around 37700 to 37300.
In this area, it is located on the Fibonacci floor 78.6 (from A to B).
It is located on the floor of a Falling wedge pattern.
and Previously supported in this range.
In my opinion, Correction continues
Gujrat ambuja exports, Breakout above 100 EMAGujarat Ambuja Exports is principally involved in agro-processing and trading and has focused on exports, competing in the global market.
The company has put in place a strong infrastructure that constitutes technologically advanced plants with captive power generation at each plant, most modern quality control, improvement setup and human resource. GAEL is poised to scale newer heights and is fully geared to achieve the magical Rs 1,200 crore operational turnover.
It's closing near 100 ema, even it gave a breakout with higher volume. So I expect to give atleast 5-10% returns.
next short on AUDUSDFor this analysis we will be looking at the daily and 4h charts.
AUDUSD recently broke the uptrend by setting a LH (lower high) snd breaking the trendline, which indicates a retest, followed by a drop.
Entry: my entry is in a area where the price tends to reverse, you can find these areas by looking for candles (multiple candles, more than 2 would be great) and wicks which end in this area. In these areas many other traders will place their sell/buy orders as well. In addition to that the sell order is slightly above the red resistance and underneath a daily key level. The black area is a sell area.
Stop Loss: MY S/L for this trade is above the previous high, which is pretty logical, since we expect the price to drop further and not expect it to make a HH (higher high). The grey area just below the S/L is a orderblock (OB), I wrote about them in another published idea.
Take Profit: My TP is at a major daily support level. I think that's a good spot to exit because 1) I'm taking the trade in 4h and daily support > 4h support 2) I am expecting buy orders to be there, since it is a pretty obv. lv 3) it perfectly fits my trading plan of having at least a 3:1 RRR.