CNXFINANCE
CNXFINANCE AnalysisFIN NIFTY::
double bottom is observed.
consider trading in a channel...
we have a chance of inverse head and Shoulders pattern.
now trading at resistance zone.wait for the price to retracement to form right shoulder.
Look for buy at right shoulder..
if price breaks the neckline we have a resistance at 20800 levels.
If neckline acts as support will have a chance of ATH to TEST Again.
By keeping the Stop loss at Right Shoulder will go for long entry.
Note::
If price failed to form the right shoulder, liquidity will be finished below 19800 levels.
then we have a chance of fall back below 19800 levels, by observing consolidation at support levels.
keep safe here.
soo consider this is the crucial levels for continuation or reversal.
CNXFINANCE, FINNIFTY Analysis For Feb 16th!Hello Traders,
Here is a Brief Overview About The Analysis of FINNIFTY For Feb 16th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have Imbalance Zones in Between The Resistance Zones That Price Could Go.
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The FINNIFTY For Tomorrow.
Note : Those Levels Are Only For That Particular Day.
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FINNIFTY Expiry Day Trade Setup (13-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Finnifty is range bound in parallel channel from almost 1 month. Break of this channel can give good move.
For expiry day setup:
1.) If opens flat Resistance is placed at PDH and PDL. break of any can give good move.
2.) If Breaks PDH and sustains then will buy for a quick scalp as there will be volatility due to expiry and will close position if in profit.
3.) If Breaks PDL and sustains then will short for quick scalp also.
don't want to trade for targets which is next support or resistance as it's expiry and price manipulation and premium decay if holds for targets. so better to quick scalp and book profit.
NIFTY FINANCENifty finance taking support from a crucial point. Wait for it to either break down or go upside.
A good risk to read ratio can be achieved once it breaks either side as the expiry for this month is also coming.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
02-Jan-2023_FinNifty (CNXFINANCE)CNXFINANCE_Day Levels
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30-Dec-2022_FinNifty (CNXFINANCE)CNXFINANCE_Day Levels
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28-Dec-2022_FinNifty (CNXFINANCE)CNXFINANCE_Day Levels
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
27-Dec-2022_FinNifty (CNXFINANCE)CNXFINANCE_Day Levels
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
Muthoot FinanceHello and welcome to this analysis on MUTHOOT FINANCE cmp 1130
After peaking out in NOV 2021 it gave a Head & Shoulder breakdown in JAN 2022 which lead to a Bearish Alt ABCD 1.6x breakdown.
Now after completing its Bearish Alt ABCD it has reversed with a Bullish Harmonic Alt Shark with a Long Legged Doji candle and a Positive RSI Divergence.
It could bounce back to 1200 (initial target) to 1275 where it might retest the falling trend line.
The pattern would be considered invalid below 1070