CNXFINANCE trade ideas
A Downfall?Another classical descending triangle pattern formation observed in Fin Nifty today. Will it break down further or break out from the contraction? Let's see who drives it up - the Bears or the Bulls?
NIFTY FIN SER ANALYSISTrack nifty financial services sector closely. RSI is showing strength and want to go in the overbought zone I think. FIIs have infused in financial sector recently. If this moves above the supply zone marked on the chart with a closing weekly candle, Go long for the best financial services shares as large companies are the greatest contributers to the index.
Disclaimer:- I am not a SEBI Reg. Analyst. Do your own research and analysis before investing or trading.
finnifty daily tradingside: if market give downside breakout after consolidation then sell(PS-100%)
gapup: wait for price-action if gives breakout on either side than buy/sell
gapdown: if market opens gapdown wait for price-action
FINNIFTYIt seems that it is trying to touch the breakdown line and it can go down again. It can be low risk entry point
finnifty Daily analysisIf market opens sideways and breaks support then we will sell.
If market opens gapup or later half of the market gives breakout after some consolidation than we can buy.
on big gap down we will have to wait for further price-action.
FINNIFTY DirectionFINNifty CMP = 19447, Midterm Trend is Bullish, where Momentum is Down, also Midterm Volatility is shrinking. So, FINNifty is Range bound or some down move is expected.
FINNifty broke down the Up Trendline also a minor break below last week low.
Sell below 19372,
Target = 18980 and 18800
Stop Loss = 19485
Finnifty BreakdownAt 11:15 to 11:20 Candle
1. CPR Low Resistance
2. Previous day low - Broken down
3. RSI(14) below 40
4. Day Low broken down
5. Last few days Low(Blue line) broken down
FINNIFTY Expiry Day Trade Setup (13-May-2023)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.
Finnifty is range bound in parallel channel from almost 1 month. Break of this channel can give good move.
For expiry day setup:
1.) If opens flat Resistance is placed at PDH and PDL. break of any can give good move.
2.) If Breaks PDH and sustains then will buy for a quick scalp as there will be volatility due to expiry and will close position if in profit.
3.) If Breaks PDL and sustains then will short for quick scalp also.
don't want to trade for targets which is next support or resistance as it's expiry and price manipulation and premium decay if holds for targets. so better to quick scalp and book profit.
Ascending Triangle PatternFin Nifty breakout after consolidation from ascending triangle pattern. As I have repeatedly observed, patterns work the most in markets over anything else. This movement would not have been captured by any indicator as they are mostly lagging in nature. However, observing the price action gives one the advantage of knowing in advance how the price could perform.
Finnifty Forming Double Bottom In finnifty it is forming descending chart pattern and also Double Bottom if it breaks upside then we can se 19500+
Finnifty Expiry view My view on fin nifty expiry 6 June 23.
I see a rejection at top if finnifty opening is flat then I would love to trade pe till support. There are 2 major support if finnifty holds the support in 15 min time frame, my zero hero study will be on ce side .
FINNIFTY - EXPIRY ANALYSIS FOR 6th JUNE
Bullish above 19520
and bearish below 19420
19300-19280 is the strong support
FINNIFTY Expiry Day Trade Setup (30-May-2023)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.
So with gap up today and from days price action forming like pennant or bull flag. Breaking this pattern could give good move if price opens flat only.
For trade setup:
1.) If open flat will look for break of this pattern on either side if breaks on upside target will be Today's High (19615) then 19630. On Break of downside target will be 19431 then 19392.
2.) If opens gap up then will wait for price action to form and will trade only if it forms some pattern or if there is good setup.
3.) If open gap down setup will be same as point 2.
As on expiry due to theta decay and because of some gamma moves premium values erode fast and they won't gain. so will only trade solid setup with small stop.
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
FIN nifty analysis for tomorrow morning Hello traders i hope you are doing well. Today i will share u FIN nifty analysis for tomorrow morning
FINNIFTY Expiry Day Trade Setup (23-May-2023)This will be my personal trade Setup, This is not an advice of any kind to trade for anyone.
Price is moving in Triangle Pattern will Break of this can give good trade setup, will follow these points:
1.) If opens flat between this triangle then will wait for price to break this pattern as buying PE near upper triangle trend line resistance for target of lower triangle trendline will be slow and there will be theta decay which will just eat premium.
2.) If opens gap up will look for nearby resistance levels. CPR Levels to be in a trade.
3.) Same for Gap down opening only will if it sustain support or if it rejects it.
4.) As it is expiry day so there will be volatility and if setup isn't good due to theta decay it will only eat premiums. Also if i place any trade in FINFIFTY i will be sure to book profits as soon as possible. and will try to look for 5 minute chart to enter a position and 1 minute chart to close my position.
Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
FINNIFTY EXPIRY 23RD MAYNifty fin had formed a 100 points range from 19400 to 19300.
The sustained breakout on the either side can give a 100 to 150 points momentum.
But as market is in bullish zone, we will try to go 100% on the buying side and 25-30% on the selling side.
market has created a very narrow range inside the blue trendlines.
breakout is expected on the upside.
Have a big green day!!!! tomm
#finnifty #longside #breakout
liquidity , sustain, fallema 21 crossing ema 50
RSI momentum behavior negative
levels marked as per FIB
my expectation next LH
The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
FINNIFTYAfter breakout, it will give good outperformance. But wait till it confirm as if breakout is failed then there will sharp down side in this counter
CNXFINANCE--Falls below 19000 ??Finance sector showing bearish pressure from 19500 levels.
-------->> now its the time to fall back to 19000 levels, to go up again.
Short :
Below 19200 level for targets of 19000,18850 levels.
