46232eda171f4530b5d737a4d6473d

46232eda171f4530b5d737a4d6473d

Nifty is supremely stretched and has made an ingulfing pattern on weekly chart. 22,500 will likely act as a strong resistance and will take some time to be breached. A subsequent lower high can trigger a steep fall up to 22,000. Option sellers will have started selling 25,500 calls. Option buyers should be waiting for a lower high before buying puts at likely...

46232eda171f4530b5d737a4d6473d Updated 

The price is ideal for a high probability setup. We now have to wait to see the price action. Bullish Momentum if: Last swing remains safe and a strong weekly candle closes above 17200-17400 levels. 2nd "higher low" in weekly chart will be a good pattern to build positions with a small stoploss targeting frest ATH. Crash Scenario if: Market opens on any Monday...

46232eda171f4530b5d737a4d6473d

On quarterly chart, there is a breakout and retest pattern with a strong bullish candle. Entry @873.85 with SL @754.2. Continuous bullish quarters can be expected here. Trail SL to every quarter low till exit.

46232eda171f4530b5d737a4d6473d

On quarterly chart, there is a breakout and retest pattern with a strong bullish candle. Entry @1595.3 with SL @1312.15. Continuous bullish quarters can be expected here. Trail SL to every quarter low till exit.

46232eda171f4530b5d737a4d6473d Updated 

As seen in previous cycles, after price corrects 70-80%, when price reaches high of a negative quarter, it triggers the start of the next crypto bull cycle. Anyone interested in crypto investing can allocate 20-25% of risk capacity @21473 with strict stoploss, and can add quantity if this quarter closes strongly.

46232eda171f4530b5d737a4d6473d

On weekly chart, Nifty and Bank Nifty have both completed breakout and retest of resistance levels with inside candle pattern. We will enter long if price reaches mother candle high with stoploss at candle low. Target determined by reflection of overall correction. There is a good chance that last week low will act as long-term support so this can be a good time to invest.

46232eda171f4530b5d737a4d6473d Updated 

Chart says it all. Classical flag-and-pole breakout pattern. As Index ATH has been broken after a long time, this is a high-probability trade with good risk/reward. Entry @ November closing, SL @ November Low Target defined by correction reflected upwards.

46232eda171f4530b5d737a4d6473d Updated 

After a good pullback bullish momentum could continue with a price action breakout of yesterday's high.

46232eda171f4530b5d737a4d6473d Updated 

After a good pullback bullish momentum could continue with a price action breakout of yesterday's high.

46232eda171f4530b5d737a4d6473d Updated 

TCS has been under profit booking for a long time. July momentum suggests that we may finally see a trend reversal in August. Will look to enter as soon as price touches 3340-3350 levels with SL @3300 and target @3500.

46232eda171f4530b5d737a4d6473d Updated 

EICHERMOT has given a technical breakout on monthly TF. Good chance to see fresh ATH this month if July high is touched.

46232eda171f4530b5d737a4d6473d Updated 

Engulfing candle on monthly TF formed at a bottom of structure. This trade is less probable and more risky as compared to the previous 2 trades I have posted for this month because the stock is already quite stretched, but has a much better risk-reward ratio.

46232eda171f4530b5d737a4d6473d Updated 

Sector has created a bottom and broken the structure. Will likely rally up to last month's high in this month. NSE:CNXMETAL SL @ 4828 TGT @ 5460

46232eda171f4530b5d737a4d6473d Updated 

There could be a rally if price action breaks the flag. Waiting for a higher high followed by a higher low to enter.

46232eda171f4530b5d737a4d6473d Updated 

Looks to be a breakout. Can go long with good risk : reward.

46232eda171f4530b5d737a4d6473d Updated 

www.tradingview.com if 34100-34150 levels broken by a daily candle can enter long just before closing. SL @ 33600, TGT @ 35900. Look for minimum 1:2 risk reward. Avoid if gap opening over the zone.