MRPL - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Indianstockmarket
MRF - 240 MINS CHART TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
TATASTEEL - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
RASHTRIYA CHEMICALS DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
NAGREEKEXP - DAILY TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
ASHOK LEYLAND BULLISH CUP & HANDLE BREAKOUT | 1:2.5 RR | SWINGAs Nifty is trading above its resistance area, it looks like the growth is being pushed by AUTO and FMCG Sector.
AUTO Sector has recently broken out of its resistance area and it seems it will continue to go higher in upcoming weeks.
Checking out AUTO STOCKS, Ashok Leyland looks a good pick.
The price has broken out of its resistance area and is trading above Daily 200 EMA.
Also, the price has broken out a Cup and Handle Pattern, which is a bullish pattern.
Entry- 147.5
TARGETS
1- 154
2-160
STOP LOSS
For aggressive traders- 144
For conservative traders- 142
This is a SWING TRADE
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Dish TV - 34% Growth Expected In Coming Few DaysThe Price action is forming an Inverse Head And Shoulder with neckline of 16.5. Price is already above 200 Daily Moving Average. Media Sector may breakout soon which can push the prices of DISH TV higher.
Once the daily candle closes above, a Long can be initiated
Stop Loss- Below the lows of breakout candle with some buffer
Targets-
1. 19
2. 22.3
Place stop loss to entry once target 1 is achieved.
Always follow Risk Management and Position Sizing.
Hindustan Copper- Bullish | 25% growth expectedThe price was consolidating in an Inverse head and shoulder pattern near the daily support areas.
The price broke out of the neckline, which is the first sign of bullishness. After the breakout on 2/5/23, the next day price even retested the neckline which confirms the pattern breakout. On 4/5 price advanced further and now facing resistance near 108 horizontal resistance and 200dma.
Once daily closes above 200dma and 108.5-109 horizontal resistance, go long.
Stop Loss- Below the lows of breakout candle with some buffer.
Targets
1. 121
2. 131
Remember to keep trailing your stop loss and move stop loss to entry once Target 1 is achieved.
Also, do follow Risk management and Position Sizing.
Nifty bankNifty bank has been moving positively from last 3 days and today also it gives a gap up opening and was perfectly consolidating for the 2/3 day but after it was near market closing time started to move downwards as if selling has been done on a large scale. Although it sustained above it's days low and perfectly ended with a Doji formation on a Daily- timeframe reflecting an indecision for tomorrow's opening and operations.
However, we are fully optimistic but if it tries to go below 43300 level then we can say its support near 43100/43000.
And our resistance will be 43800level if market tries to sustain above 43300 level tomorrow then we will be bullish on it.
Thanks
NIFTY weekly forecast view_CW-15NIFTY forecast view
-----------------------------
Important levels:
---------------------
17890
17757
17624
17487
17355
17224
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.
Long Aurobindo pharm Aurobindo pharm weekly candle taking 20 Ema support so we can take positional long trade with small stop 🛑 loss..
Buy above 505
Stoploss below ⬇️ 460
1st Target 🎯 560
2nd Target 🎯 600
Note: I m not a SEBI registered this is my personal view I may be wrong.
Before taking any trade do your own research.
Salzer Electronics Ltd - 23.03.2023Salzer Electronics Ltd - 23.03.2023
The Prices are below EMA in weekly chart
The immediate resistance zone is 261
one can initiate a long position at current levels (253.50) with support @ 239 for further upside price movements.
stochastic is ticking up in weekly charts
watch out for the price action
Bajaj Finserv Ltd - 20.03.2023Dear Followers,
Hi Folks. I am posting a Chart after a long time due to the regulatory issues in my country.
I have done the analysis on Bajaj Finserv Ltd - Daily Chart from 01.01.2022 - 20.03.2023
The stock has been in a continuous downtrend since past few months.
The daily chart have a Double Bottom @ 1246 levels which is considered a STRONG SUPPORT ZONE.
The Prices are below EMA. Let the prices go above 1339 to enter a long position
There is a Bullish Divergence in RSI which needs a tick up for further upside movement.
The stock will create a very good upside movement once it goes above 1339 levels
Watch out for the price action.
DISCLAIMER: Please be advised that this Chart is for educational purposes only and shall not be consideration as a Buy / Sell Recommendation.
NIFTY Top Down AnalysisThe idea here is about Nifty 50 Index :
My view is Short term Neutral to Bearish (upcoming week) & then bullish for the below observed technical factors.
Points as per TA observed on a Weekly, daily & Hourly Chart:
Hourly Chart:
1. Bearish Crab Harmonic Pattern observed on a 1H & 4H chart. Target price & Stop Loss provided on chart as per below:
2. Ichimoku is Neutral to bearish since Chikou Span is below the price range & last trading hour was closed below the Senkou Span B:
3. Heikin Ashi, 1H before last closing session was indecisive, however the last hour closed on positive note, Pivots & 20 EMA are bearish since the last trading day was below the previous day closing as per below :
Daily Chart:
4. Bearish NenStar Pattern observed on 1D chart. Target price & Stop Loss provided on chart as per below:
5. MACD is below signal line, with RSI @ 55.51 on daily chart with multiple divergences (MACD, MACD Histogram, RSI, VWMACD) as per below:
6. Raising wedge formation with over bought zone confirmation alongside RSI as per below:
7. Ichimoku in Strong buy since Chikou Span is above the price range & trading above Senkou Span A as per below :
Weekly Chart:
8. Last week Candle almost ended as a tweezer top as per below:
9. A huge cup formation completed on weekly chart with Handle formation pending with Retracement support around 0.382 FIB with the least possibility according to the current trend as per below :
10. A 3 Drive harmonic pattern in formation observed, note since the market is on a strong trend have considered the retracement levels from 0.382(38.2%) to 0.5(50%) FIB with retracement targets & drive 3 targets on weekly chart as per below:
11. Ichimoku is currently under consolidation, however, the Chikou span is above the price range &trading above Senkou span A which is a strong bullish in long term as per below :
12. Wyckoff theory has a BOS (Break of Structure) since previous high on Oct 2021 & CHoCH(Change of Character) since Sept 2022, the CHoCH support is exactly @ 0.382 FIB on 3 Drive pattern & also a support on raising wedge bottom, with multiple divergence observed (MACD Histogram, RSI, MOM: Momentum, MFI: Money Flow Index). Therefore, 18096 target gets a multiple validations as per below:
13. Additional information: OI (Open Interest) max build for options expiring 15th Dec is around 18,600 for both CE & PE and Max PE is around 18000.
NOTE: 14th Dec FOMC meeting outcome will also be a factor to be considered.
Targets & Stop Loss provided in chart and screens for different time frames.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice (Non SEBI registered). So, please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & subscribe for more analysis. The more boost & comments further more motivation for publishing.
Let the Trading community & family know about your opinion with comments.
Cheers.
Nifty bankHello Everyone,
Today Nifty Bank was trading in a very tight range in the morning session. After than it breaks its support of 41350 and fall unto 41100 after that it tried to rise and breaks its support line of 41350 and move 200++ pts up and hence, ended the market in green.
In this whole fluctuation of today's market over view is set to be bullish for next day. We expect it to touch 42000-42300 range which will show a good market condition in the banking and allied stocks. The impact of budget on the market are seeming lightly today as volatility has decreased quiet comparing to past 4-6 trading session.
So our trading range for upcoming days is between 41000-42000 (+/- 200pts as per India VIX).
Thanks
Nifty bankNiftybank even after opening gapdown tries to sustain itself in green and closed above yesterday's closing price. As per our last post we have continued to put our view for upside in BANKNIFTY. (Resistance of 41000 is yet to reach)
Some noticing points that I want to clarify are:
Nifty bank is consolidating in a fix range which after its range breakout will give a sharp movement to any of the sides.
For Short term trade (weekly options) support is 40050/39800/39550 if it goes downward direction.
If this consolidation phase continues then we can put our resistance at or near 41000-41350; while support could be set above 39850. (For swing opportunity)
Thanks.
Disclaimer: This post is for educational purpose only. Please consult your financial advisor before investing.
Boost my post if you like.
Nifty bankNifty bank was dragged from today's high of 41900 to near 40400 level forming 3 black crows pattern which is clearly spotted under 30 minutes timeframe after that Hammer pattern is formed but it is not forming at the bottom of the trend.
So we can't precisely conclude that it will show a positive momentum but still we can hope for that in tomorrow gap up opening.
Nifty banks immediate support can be taken at 40350-39500
And resistance at 41000-41400-41600.
Some important points which can boost the trend towards north:-
Adani entreprises FPO fully subscribed.
Good news from budget which helps to pump cash in equity stocks for long term investors.
Disclaimer: These are my personal views on the market. Please take investment advise from your financial advisor before investing.
Like and boost up my post for more such curated views on indices and stocks.