BSE
#banknifty analysis for 26th April:-#banknifty analysis for 26th April:-
Decision Zone:- 31,366 - 31,565
Resistance Zone:- 32,325 - 32,560
Support Zone :- 30,405 - 30,555
Big panic fall is only below 30,400 & panic buy above 32,560
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels.
How to trade? Play the range of (Resistance Zone:- 32,325 - 32,560) to (Support Zone :- 30,405 - 30,555), anyside breakout, go either long or short for min 1000 points directional move.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
DONT TRADE NIFTY OR NIFTYBANK RIGHT NOW! (SWING TRADERS)Market is range bound right now. NO TRADES for me until the price breaks either line.
HDFC BANKS SHORT AND LONG AREA OF CONFLUENCE hi this is a long term view on my side and my long side view tell me thats type of market condition make next on market condition . next is next so see the next
BSE sensex hi there market is on a confusion area thats why i want to wait for level to reach. i am a reactive not predictive. but at this current situation market need a pullback to grab some liquidity and for this market need to go down. my all areas are shown for reactive market. wait for it. and i inform all the major news for this areas
#Apollo Tubes LONG - High returnsPrice action and trend is solid, daily + weekly! Bought today.
Trade idea inspired from my homie: Akul Bansal
jswsteel there is market is highly over bougt so please leave it. wait for a minimun ritracement. i mark my atleast and max drop area stay with me for more info
AXIS BANK (INDIAN STOCK) DEMAND LOWERStrong weekly demand imbalance lower, it now appears as though we are beginning to pullback to that area.
Either wait for confirmation (New demand zones on lower timeframe) or take as a set and forget type of trade.
Long bias! :)
TATAMOTORS - Elliott wave analysis - 5th wave up It is in 3rd of 5th wave up of larger degree cycle. The stop loss level is 296.85 and target level will be above 360.
Reliance - Elliott wave analysis - ABC zigzag down as (Y) It is in B wave correction of ABC zigzag down of (Y) wave as expected earlier. It is probably go higher up to 2100-2140 range before it start C down.
ONGC - Elliott wave analysis - ABC zigzag It is in B wave as abc correction in larger ABC zigzag corrective cycle down. C will start once the B wave will finish the corrective move.
JSWSTEEL - Elliott wave analysis - 5th wave up It is in 5th wave of larger degree. The internal 4th of 3rd wave is in progress and will go up once it finished sideways correction.
Hindalco - Elliott wave analysis It completed 5th wave of impulse cycle of larger degree from major bottom and therefore it should correcting down. But wait for impulse down wave to confirm the down sequence.
If it is moving in sideways then it is probably extend the 5th wave up and go higher much more.
TATA STEEL NEW DEMAND CREATEDBrand new Monthly demand zones lower for long term longs. Wait for price to pull back and buy the dip.
Dont buy to sell a little higher, buy low to sell high, basic trading :)
Let's go Ninja's!
NIFTY 50 LONG BREAKOUT COMING?This is my first post for Indian Stocks, if you like the following then give feedback and I will do more.
So to the analysis. What I am seeing is price trying to retrace to that strong demand zone lower. Now it looks like we created an inverse head and shoulders after failing to retrace fully to demand (which is normal).
From todays perspective it appears as though we have bottomed temporarily and we could see a nice breakout long from this pattern.
Want to see more Indian Stocks/indexes?
Ninja
Sail breakoutFlag and pole pattern seen in sail.can breakout post the opening beyond the resistance lin
e in red
small cap stock good for buying long Rupa* stock making h.l pattern on weekly
* relative strength at new highs
* on daily close to 50 dma so not very extended
* volume drop
bse sensexHI THERE
AT THIS MOMENT MARKET IS A GOOD BULLISH TRAND. BUT MARKET NEED TO SOME CORRECTION FOR STRANGHT. AND GRAB SOME LEQUIDITY. MY THINK IS MARKET IS NOW A RESISTENCE AREA AND GOING TO TEST SOME PREVIOUS AREA. AS I MANTION MY AREA IS 52554-52574 IS A MAJOR RESISTENCE AREA
PTC (BSE) - Great Potential for Next TargetGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
PTC (BSE) - Great Potential for Next Target
