Wabag forming Base on Base- Watch for a breakout. Forming a good structure, base on base with good narrow candles forming in DTF. Add to your WL and watch out for a breakout.
The risk is 15%
The reward is 18.45%
RR: 1:1.2
LongCandlestick Analysis
Long
BSE is breaking out BSE is breaking out from its resistance with good candle and volume.
good consolidation near resistance and then breakout,
good for swing trade
Long
ATH _BSEHi traders,
Currently BSe trading at ATH.
Kindly see chart 📉 for discription.
Happy Trading!!
Long
ORIENTHOT breaking outORIENTHOT breaking out from its resistance zone.
strong green candle with huge volume. and clean breakout.
good for swing setup
Long
Nifty weekly expiry intraday levels for 25/12/2024Nifty has given a nice closing around the resistance zone and a good support on 20 EMA is there on 30 minutes.
Tomorrow is weekly expiry and a volatile trading day will be there as all the volume will be in this only index tomorrow.
Support levels :- 24460,24345
Resistance :- 24570, 24670
If market consolidate in the first half and gives a break out, trending move can be capture either side.
Wait for the price action near the levels before entering the market.
Short_GranulesHi Traders,
Short Entry at Granules with news bases trades.
speculations say that US raised 6 observations from from Major Plant which gives 70% of revenue from that plant.
Read Chart for more description.
Happy trading!!Only for educational purpose.
Short
Breakdown: Head and Shoulder PatternNifty is showing head and shoulder break down
Target 21000 -21200
Stop loss 24500-24600
Pullback possible upto 23800-23900
Short
GSFC - Trendline breakout and Good Morning star candle formationThe price has been consolidating since March 2024, respecting the 188 range on the daily timeframe. Last week, it broke out of the trendline within the wedge. On the weekly timeframe, the candlestick formation resembles a morning star, which is a positive signal. We can expect the price to reach the resistance line of the wedge, around 288 INR. This setup is suitable for swing trading.
Long
BALMLAWRIE - Wedge formation and Morning starThe price has been consolidating since January 2024, forming a wedge pattern. Recently, a morning star candlestick formation has appeared, which could be considered as a potential signal. However, it might be better to wait for a trendline breakout for additional confirmation.
Long
BEML - Price at support line and Morning star formationPrice respect the black color trendline since May 2023 and it remains in 3700 for quite some time. Also, it forms morning star previous week in Weekly Timeframe. We can have stoploss at 3679 if it closes below that line in weekly timeframe.
Long
Nifty analysis for 03/12/2024Nifty has been trading in a range for last five trading session and there are possibility of a trend reversal as the chart seems to me.
It is trading around the Hourly EMAs and has closed above it after good fall on Thursday.
If there is a break out of the resistance zone, 24500 can also be breached and new highs around 24730 can be seen.
A base and W pattern formation is there around the low created. Buy on dip can be done once the crucial round number figure is taken out.
Resistance :- 24350, 24500, 24940
Support zone :- 24090-24140
The market is looking strong for the coming days. Market reaching 25k this week or the next can be seen.
Wait for the price action near the levels before entering the market.
Long
Long
API3/USDT - Binance - Buy spotTwitter: the peoject has still activated with many posts.
Technical: break trend line, up soon.
Long
Reliance Industries Dragon Fly Doji in Weekly chart at SupportHi this is Kapil,
Reliance Industries took support at 1257 on weekly and monthly support area, Made Dragon Fly Doji on weekly chart as well
Bulls can be seen pulling the price back above the support level of 1237.
after 43% upside swing in one year from oct 2023 to oct 2024 the stock looks in minor consolidation period
to a possible reversal we can plan adding reliance in our portfolio with annual returns of 25-20% for 2025 year.
Next support below 1200 is at 1004. So add near here and @1015
Near term targets are 1405 and 1569 in 2025-2026.
Special Note- Reliance will actually be used as index management tool so every hourly oversold portion can be seen
as possible reversal for intraday basis.
Consult your Financial advisor before making any decisions
Long
BSOFT - Weekly AnalysisIn the Weekly Chart of BSOFT ,
we can see that, after applying FIBO, it has shown a up move from 0.5 level after a consolidation and Bullish hammer creation.
Let it create a Halt candle and then we can enter with a SL and Targets.
Expected momentum is shown in chart.
Long
GSFC - Weekly AnalysisIn the Weekly Chart of GSFC ,
we can see that, after Big Cup & handle breakout, it retested and formed a Hammer candle.
Also, it has shown an up move with W breakout.
et it retests it and then Enter with SL and Targets.
Expected momentum is shown in chart.
Long
CGCL - Breakout and Monring StarPrice consolidate in 185 range since July 2023 and it breakout the black color trendline wtih good volume and greend candle looks good in weekly timeframe until today. We can expect short rally in this stock with stoploss at 185.
Long
CREDITACC- Price at support line forming Morning StarThe 850 range has been a significant support level for this stock since 2020. After a decline from its all-time high of 1750 to the 850 range, the price is now forming a Morning Star pattern on the weekly timeframe. An entry opportunity is available only on Friday if the green candle formation is good without long wick, with a stop-loss placed below the hammer candle.
Long
Engineers India offers good RR from this price level. -Good RR setup.
-Bouncing from a support level with Volume.
-Formed a bullish engulfing candle.
-Broke out of Trendline.
-Double Bottom at support level.
Overall, it's good for a swing.
This is not a Buy/Sell Recommendation. Please do your due diligence.
Risk- 15.4%
Reward: 29.8%
RR- 1:1.9
Long
Bullish Pattern near ATHThe stock has take support from its long support and has retested at 652 mark.
Also retested the current support and formed a Bullish Candle Pattern.... Dragonfly at the top.
Long
Option Buying in Nifty 28-11-2024Hey Traders,
As i have marked some important levels in Nifty trade, there are high chances that Nifty might move on higher side tomorrow. here are the few steps to follow
If buyers are more active in 1st hour then there is high probability that option buying may give good returns tomorrow. if SL hits then will shot the call option (Far OTM) with small SL.
P.S:- Tomorrow is Nifty Expiry trade with caution.
Happy Trading
Thanks
AU SMALL FINANCE BANK - SWING TRADING IDEASymbol - AUBANK
AUBANK is currently trading at 575
I'm seeing a trading opportunity on buy side.
Buying AUBANK Futures at 575
I will add more long position at 566, if comes.
Holding with SL of 558
Targets I'm expecting are 600 - 620 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Long
Three White Soldiers | Educational | Colpal The Three White Soldiers candlestick pattern is commonly used in technical analysis.
The pattern identifies potential bullish reversals in a downtrend or a period of consolidation. Traders often use the pattern and other technical analysis tools, such as support and resistance levels, trend lines, and volume indicators, to confirm the trend’s strength and potential entry and exit points.
The Three White Soldiers pattern can be used on various time frames, from short-term intraday charts to longer-term weekly or monthly charts, depending on the trading strategy and goals.
Disclaimer: This is for educational purpose. Definition and details can be found on any other search engine / books/ articles etc.
Education