HINDALCO INDS TRADE SETUP HEAD AND SHOULDER +Elliote Wave Hello Guys, Sorry due to busy schedule not uploading any setup from past 24 hour
Hindalco Inds Good for buying For short term profit
when you look at 15 Min chart you see a head and shoulder pattern for target 127 I mention below
According to elliote wave principle now we are riding on 5 the wave which is the last wave if it moves further upward we can see the level of 130-135 easily
Thanks
Indianmarket
MRF Sell Setup For swing Trader !The location of trading activity. At the end of the chart, on the Upper right, we can see that the trading activity moves in the lower part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value Low. In an Uptrend, when price rotations become small and they happen in the upper part of the value area, the trend is most likely to end.
You can short MRF below 56600 Level with SL: 57450, Target: 55k,54k
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Strong: Elliote(5+3) + Price Action breakout + Volume profile Hello guys before I write anything I say something that's its takes hours to analysis a single chart so please like it.
Elliote wave: 5+3
=>> 5 Impulsive wave done by Piramal Enterprise at 629 0.618 fib level according to wave principle, Currently It's riding on Corrective wave and its have 3 waves with correction of 1 fib which is at 1760 level = 4 wave
Price Action Breakout:
=>>According to its theory its touches there lower value with excess price with pinbar shows rejection to falling more down and move toward control price if it breaks the level of control price then we can see Piramal at upper value soon.
Volume Profile:
=>> As you know little bit about volume profile you can see Price at this volume high which means institutional investor taking entry at this price for reversal.
Buy Strongly ::::: like Like
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Ashok leyland below Value area.See how value creates support and resistance zones for price. supply and demand and how the sellers position themselves at the value high and buyers at value low. Once these levels get broken, there is a change in supply and demand dynamics. As you can see in the chart it was broken with pinbar ( shown rejection).
Long Ashok Leyland Target toward 50-53
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Mahanagar Gas toward 880After the initiative selling away from the big uptrend, value price makes a small shifting value. At this point, you need to start looking for the new control of price. I want you to go through the following thinking process when looking at this chart. Value is moving up, the control price is pointing up so we are in an uptrend for the moment. The trading activity is taking place on both sides of the control, we cannot see a clear difference in the volume of activity on the two sides of the value area. This indicates that the uptrend is not very strong. It is probably just a short move upwards, correction of price in a bigger downtrend on a higher timeframe.
Short Mahanagar Gas Target toward 907-880,
Stop: 944
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Beautiful chart on MATIC/BTC - Up to 300% ++ gains!This is one of the strongest project im eyeing on. Matic produced more than 10X back in Binance IEO during bear market.
Backed by COINBASE Ventures. this coin have potential to shoot past highs.
Rumour of it getting listed on Coinbase after Mainnet, and Coinbase is using Matic side chains(not sure where the source is, if anyone can point out would be great)
Phase 1 of Mainnet is completed successfully. Phase 2 to be completed in about 1-2 weeks.
Mainnet is only weeks away.
50+ DApps are building on Matic already.
Will Coinbase allow Matic Staking on their platform soon? (this will cause bulls after bulls..just like Tezos did in the past)
Many industry investors are also loving matic.
Chart wise, it looks like it is following reverse pattern from Oct 2019 backwards from my yellow arrows.
Now 175-195 sats is a really good buying zone as prices are accumulating..
Do note im not a financial advisor. this is only my opinion.
Thanks for reading and good luck all!
is nifty 50 losing strength ?nifty is showing ascending triangle on 30 mini chart with gap up opening from last 3 session.
but now its 3 rd gap showing intensity to open with gap is reduced,
it might be possible next session will open with small gap and then will give downside breakout.
i hope its is meaning full
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