Trendpattern
[INTRADAY] #BANKNIFTY PE & CE Levels(16/08/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. And this rally can extend for another 400 points if it gives breakdown of 43450 level. Any Major upside only expected in case banknifty starts trading above 44050 level. also possible Reversal upside 43550 level.
KPR Mills: Headed for a channel tradeCMP: 668 | Industry: Textiles
P/E: 28.87 | Industry P/E: 33.2|ROE: 23.4% | ROCE: 24.4% |BV: INR 108 | EPS: INR 23.1| MCAP: 32,033 Cr.
Aggressive Entry: 668 | Resistance Levels: 710 | 756 | 801 Stop Loss: 598
Confirmation entry levels > 680 | CCI: 92| EMA (9d): 658.7 | S. RSI: 72
Analysis: KPR Mills formed its last bottom in December 2022 at 485. Post that the stocks have been forming new higher highs and higher lows within a parallel channel with decent consolidation of 4 – 5 weeks on average before every rally to new monthly highs. The red line indicates the channel bandwidth line and a close above this line would indicate a confirmation to trade up to and beyond channel resistance levels. Entries at current levels can be taken for 710 levels and a strong support stands at 600, a close below which will hit the stoploss.
Downtrend Due to Losing Price Momentum!The price candlestick pattern indicates a downtrend with lower trading volume and negative readings in RSI and MACD signals.
The S1 line will be a support price if the price is able to recover from the downtrend and pull back from the decline pattern.
R 0.945, 1.22
S 0.805, 0.685
Triangle Pattern breakdown in OBEROIRLTYOBEROI REALTY LTD
Key highlights: 💡⚡
✅On1hr Time Frame Stock Showing Breakdown of Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1010-.
✅Can Go short in this stock by placing a stop loss above 1110+
Bullish flag pattern breakout in Dixon TechDIXON TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 6076+.
✅Can Go short in this stock by placing a stop loss below 3730-.
Double bottom pattern breakout in NAVINFLUORNAVINFLUOR
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4770+.
✅Can Go Long in this stock by placing a stop loss below 4390-.
Gbp/Usd Reaches Fair Value.Gooday to you all.
Gbp/Usd Reaches Fair Value.
Today's idea is around the British pound vs The US Dollar (Gbp/Usd)
We spotted fair price for the fX/Currency pair that we believe will produce a potential buy opportunity for the pair.
We will buy the pair should we we have a 1hr candle close above the identified price zone at 1.28200 with profit target set to 1.29300
Use adequate risk management if you are to execute a trade with this analyses.
Enjoy and happy trading! We are the #ExodusTradingDesk.
wedge pattern reversal in MGLMAHANAGAR GAS LTD
Key highlights: 💡⚡
📈On 1Day Time Frame Stock Showing Reversal of wedge Pattern .
📈 It can give movement upto the Reversal Final target of above 1130+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 1270+.
📈 Can Go short in this stock by placing a stop loss below 1044-.
AAPL still solidMy last analysis about AAPL was oct. 21 and its still valid, just the target is adjusted. This post shows my current short term target around $198, the entry is currently acceptable.
My yesterday´s long trade at AAPL was pretty good, maybe I will enter today again.
if $192 breaks we will probably see $186 again, but I wouldn´t bet to catch an entry such low.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3281
TP: 0.3516
SL: 0.3093
Bias: Long
The pair will go on vertical setting out a long opportunity . We are thinking about the new strength of dollar. In the event that ongoing degree of unpredictability continues a superior bullish opportunity can be taken.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3186
TP: 0.3404
SL: 0.2991
Bias: Long
As we see the value developments are dillydallying in a restricted reach and there is no high likelihood set up as of now. We have analyzed different parts of moving and going circumstances accessible on the lookout and have chosen to stay up with the projected bias and set up.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3043
TP: 0.2829
SL: 0.3226
Bias: Short
The value example of these instruments is getting more reach bound and offering less degree to take a greater or striking directional advances. The cost levels are scarcely getting broken because of absence of enthusiasm on the lookout. We want to look for open doors from the failures that exist on the market.