Nifty 50 Intraday Analysis For 17/05/2022Nifty50 is trading between a trendline and support zone. Nifty may breakout/Breakdown Tomorrow.
We can expect a good move on either side once the breakout or breakdown has occurred. Wait for the candle close to enter a trade.
DYOR Before Trading/Investing. Not Responsible for P&L. Only for educational purposes.
Btst
NIFTY Breakout (15 Minute Time Frame)INTRADAY/BTST Trade Idea
The index looks to have broken out of the descending trendline and looks to rally. It looks good to be bullish in the ultra short term. We can go long in the nifty future or hedged Bullish Option strategy.
Long @ 16015
Target @ 16285
Stop Loss @ 15878
DYOR before trading or investing. Not Responsible For P&L.
ADSL MOMENTUM TRADENSE:ADSL Broke out of a small flag pattern and has given good momentum post breakout.
Price hit upper circuit of 10% today after 2 days of retracement.
Enter if price opens gap up above day's high or breaks the day's high. Potential BTST trade as price can hit upper circuit again tomorrow.
From price action view, price will move another 30 points towards 180 levels.
Sl below 130.
Keep stock in watchlist.
PG ELECTROPLAST BTST TRADENSE:PGEL broke out from a rising channel pattern on hourly timeframe. Price is currently consolidating after the breakout. A BTST(Buy today sell tomorrow) trade can be taken in view of price hitting upper circuit tomorrow.
Another bullish sign is the fake breakdown price gave from this pattern.
Volumes looks good. Daily chart is also very bullish. Enter at C.M.P, stoploss below the channel pattern, below 770 levels.
Follow strict risk management. HAPPY TRADING!
Cross the triangle with breaking Resistance Cross the triangle with breaking Resistance , as long as 0.102 is hold , we would suggest near to the support when reverse again its expected to reach 0.20 soon
Bull flag on BTSBTCHello, traders.
BTS is forming a bull flag pattern.
The entry point is on the breakout of the flag or at the support of that pattern.
Best regards,
Sandro and Gustavo.
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BitShares Complete RetracementHuge retracement.. Looks overwhelmingly bearish for now.. Whales may capitulate on this uncertainty within the market