BANKNIFTY VIEW FOR SHORTShort Banknifty ONLY below 41910 with stoploss of 42055 and for a target of 41655
ShortWedge
Short
NIFTY ON BULLNifty completed it's double bottom pattern & rising wedge pattern. Nifty breakout these pattern on two weeks before. In last week, nifty closes above 18000 in daily chart pattern. Hence 18000 act as a strong support level. As per fibonacci retracement, our first target 18300 has successfully attained. And next target is 18600. It is a all time high. When nifty breakout the target, a huge momentum is there and has potential to reach 20000 and set a new high.
Caution⚠️
A market not only technical or fundamental based and news based also. So, if any negative news are come in future market can be go into a side ways between 18000 and 18600.
Disclaimer: A position has been taken by your own risk. So kindly do proper research and analysis before going to a position. And I'm not a government registered advisor, I'm a individual investor. I'm not responsible to your profit and loss. I'm just giving an information only.
Long
Relience Short term Swing trade with rising wedge pattern...here is the chart which is explaining us the pattern named rising wedge and it already had given us a good breakout with some good volume and also retested it's trendline in lower time frames.so here we can go short if it gives us a move towards downside......
Short
Keep in watchlist. Taking support in trendlineEverything mentioned in the chart.
Price taking support on its trendline. Previous Resistance now acting as Support.
If any bullish candle forms in weekly time frame, then go for a long.
Keep SL below the Trendline.
Quarterly result will be published on 10-nov-22. It will be safer to enter after that.
Setup is only for Educational purpose. Before Entering analyse carefully
Long setup. Keep in watchlistFalling wedge pattern in weekly chart. Also double bottom formed.
Enter only if price closes above 570.
If upcoming quarterly result is positive then we may expect a good rally. So keep in watchlist.
Reliance to reach 2800, will it break all time high? Reliance has broken channel and pattern.
Formed Bullish #Headandshoulder pattern
Will it help to break Nifty consolidation zone?
Head height giving Rs 250 price range.
Buy #Reliance Above 2611
SL 2510
T1: 2710
T2: 2810
Long
Graphite India: Descending Triangle Breakout readyA Very Nice Falling Wedge / Descending Triangle pattern breakout ready. See the 350 level, multiple time bottom over long time.
Trade: Buy above 365, Target: 390 / 415. SL: 350.
Long
Going to 120TATA steel
Consolidation bear flag could reach 120
Afterwhich it could decide the trend direction
Long
Is it the right time to buy Amazon stock?On the monthly time frame stock is in a rising wedge pattern. It is also outperforming the market from the past few months.
Long
AMZN is not holdingStock was near a major support. But it is falling continuously. It is forming a falling wedge pattern on the weekly chart. Because it broke a major support, we can see a short term bounce, but the overall trend seems to be bearish, until price breaks out of the wedge.
Rising wedge pattern in ciplaRising wedge pattern formed in Cipla. We can expect a good move below the trendline/ above the trendline.
TATA STEEL_BEARISHTata Steel ltd seems falling wedge pattern. Its bearish pattern. If price does not sustain above 106, it will move downward.
Will TCS fall again?It is in a falling wedge pattern on a weekly timeframe . Price is now testing the trendline.
Short
#ACE : Breakout Candidate#ACE pattern Breakout can happen soon
watchout for the Breakout & Keep eyes on Volumes
RSI gaining Strength
EURUSD LONG entry point FRIDAYGold is not giving any proper merk, waiting for clear move on it. I am focused on for that dollar is not showing any action. Key level to bye 1642, 1636 with 20pips SL only on confirmaton on small timeframe. TP is 1656-64.
This analysis is on EURUSD, yesterday's decision made euro come down, and it is still in strong downtrend, but I want one confirmation for that eurusd should move up, you can catch this trade now or on second entry.
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Long
Andhra Paper: Bullish PatternNSE:ANDHRAPAP looks lucrative in the chart.
Reasons:
A rounding bottom patten created over few monts.
Good volume.
Short term bullish trend
Buy above 500, SL: 470, Target: 530.
Long