TTM: breaking out of bearish channelTTM ( Tata Motors , Indian conglomerate):
Nice set up here as we had a multi week bear channel and we're now breaking out of this channel, signalling a potential reversal to the upside.
To maintain this reversal, the price will need to remain above the line of the bear channel which is now acting as support. Note that price could go up a bit and retest the breakout point before really taking off.
I'm long with a stop at 26.19. All targets are on the chart. Two important targets are 29.13 which is the previous high, and 34.49.
Trade safe.
Indianstocks
#Nifty || 22nd July 2022 || Falcon Trader AnalysisI will post some detailed description on Falcon Trigger Line method as an educational post, but basic concept is like this:
When we anticipate trend reversal, e.g. right now trend is up and we want to short this market, or we are expecting a reversal, the best method is to use Falcon Trigger Line Concept.
Shorting Scenario: Take the short when red candle closes below previous (one candle before) solid green candle (not doji like)
Long Scenario: Take the long when green candle closes above previous (one candle before) solid red candle (not doji like)
This + price action eventually helps in right decision. On top of that rules like never go against HA candle / follow the trend / use stop loss / manage risk are basics of trading if you are serious about it for long term.
Having said that, Falcon Waves is one of the most important methods here and each top or bottom conforms with Falcon CCI and Falcon trigger line method.
If my wave count or analysis is wrong or does not reflect in market, please bear in mind we are working with HA, and Falcon CCI and Falcon Trigger line method always.
My count has not changed, I am still waiting for this wave C to finish.
Now I have added wave counts within wave C - should have done earlier, this is light pink colour inside wave C
Happy Trading!
Clear Chart:
SBIN - DAILY TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in 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.
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.
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....
Major Breakout on Mindtree Daily chartMindtree has already retraced by 50% from the top considering the rally from March 2020.
It has its extremely crucial support at 2760 and the major support for the long-term view remains at 2645.
Mindtree has given a major breakout today after having been moving in a narrow range for the past few weeks, in the near term we can expect a move to the upside levels of 3080 ---3340.
The major trend is now to buy on dips.
This post is only for educational purposes.
LARSENT & TOUBRO - weekly chartIts looking bullish, waiting for the LARSENT & TOUBRO to correct and then give us long opportunities.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only
RELIANCE ON HOURLY RESISTANCERELIANCE on the verge of breaking trendline.sitting at resistance,might take a bounce from the lower support.
Fresh long entry consider above 2440 as per risk apetite
HDFC BANK LongIndian private bank king is ready to make an impulse in the long direction be in the trend for the rewards
1 Week time frame
Factors which im considering
1) RSI divergence
2) Piercing candle in the support of 50 sma
3) Support in 50 sma
1 Day time frame
It has taken good support in 1 day time frame of 50,100 sma( simple moving average)
reversal pattern in 1 day time frames
4HRS TF
It is forming a bullish correction and continuation pattern along with the support of sma (50,100,200)
NIFTY 50 is testing important resistance now.Hello Everyone,
This is the first time i am sharing my idea on NIFTY 50, Indian Index. Past 3 days were very good for NIFTY. rise of more than 700 points. But now i see downward wedge pattern in Daily chart. Possible scenarios i see here are;
1) Strong resistance at 16000 . We should see profit booking here. we may test 15600 again for good pump.
2) If we continue trend above 16000, (possibilities are slightly high) next strong resistance is between 16150 to 16300 . we should see strong pull back from this levels to 15800 .
American market is following the same trend. So trade carefully.
#IndianExchange #NIFTY50 #StockMarket
NIFTY Daily Analysis: 4thJuly2022 NIFTY trading b/w 15600 -15900Hi Traders/Investors,
NSE:NIFTY is trading between a small 300 point range n break on either side would trigger sharp volatility.
UPSIDE momentum looks strong in NIFTY as well as Bank NIFTY.
There is a Supply Zone between 15900 to 15930, which can act as first line of resistance tomorrow if there is not a gap up. There is a gap on UPSIDE between 15900 - 16170 levels, watch out for that tomorrow, it might get filled.
Chances are NIFTY might reach to 16100 levels pretty quick if the Bulls take charge on it anytime soon, 16172 is a crucial resistance level on UPSIDE.
On Downside, NIFTY can take support from Demand Zone between 15700 - 15660.
Regards,
Anshul
Buy opportunity in RECSwing buy REC
DMI Crossover and EMA golden crossover together make the buy signal in this set up.
Today's bullish candle with higher volume support provides the confirmation we need. Next session, the trigger to buy is above today's high.
Will update levels when its triggered
National almunium bullish for intraday Prince is above 20 EMA and making a cup n handle pattern and selling volume decreasing...
Manglore chemical above 50 moving average Manglore chemical is above 50 moving average on 30 min time frame is ready for bullish..
Target -115
Stop loss -100
COALINDIAPrice Performance
1 Week -3.85%
1 Month -0.62%
3 Months 1.37%
YTD 26.53%
1 Year 25.29%
3 Years -27.32%
M&M Buy ideaStock as retraced to its Breakout zone and also is at 38.2& fib level from its last. Buy trade with SL 975. Target 1200
im not gonna trade on monday markets are in deep red and gonna open in deep red too so this time my personal view on the market will be like no trading on Monday.
Fridays USA markets were in deep red so we can see the panic in our Indian markets on Monday. so I personally would like to wait on the sideline for a better opportunity rather than jumping any other trades.
because markets are likely to open near our support and I don't short near supports.
BEST OF LUCK TRADERS.
NIFTY Daily Analysis 9th June 2022NIFTY perfectly bounced back from 16250 just like we discussed yesterday. NIFTY has to try breaking 16500 now, with good volumes to see Upside towards 16640 levels.
On downside, today's low can become a good Support at 16250 level
NIFTY looks weak after today - EOD analysis June 8th 2022NSE:NIFTY NIFTY has given a big down move today on back of RBI policy and Reliance n FMCG stocks falling.
NIFTY can test 16250 levels once again before moving upwards. If it breaks 16250 level, then it can retest 16000 levels pretty quickly.
On Upside, there is huge resistance at 16600 levels which doesn't seem to be tested anytime soon.
TATA STEEL www.tatasteel.com
India's largest steel co.
Tata group's second largest followed by tata motor ( JLR owner) and just behind leading IT giant TCS
Net Sales grown 16.56% annually and Operating profit at 51.09%
Low debt <20%, Commands high brand value
Presence pan India, Europe, South asia and only expanding.
Steel applications- Agriculture, automotive, engineering , construction, consumers goods etc
Fundamentals-
Its 2022, War is on in russia, west plays the sanction game, the world seeks for alternate players to supply.
India stands to gain.
If china moves next on taiwan, the game only accelerates for indian players, being a diplomatic ally of all with ease of trade and geographical advantage
Inflations at ath, commodities to only get expensive, oil trades on $118 on date, aiming 2008 recession levels.
READY FOR COMMODITY SUPER CYCLE ?
____________________________________
Short term 1950
long term- 5 years, 5x multiple
Macro view -
Support breached but where would carnage stop on Nifty? Nifty finally breached 7 months old downside channel towards south which indicates more furious sell-off in coming weeks. Since last few weeks, 15900 was acting as a strong support on the indices but on Friday we have closed below the support indicating more weakness. So were would this carnage end for the bulls? The market always of probabilities in answer and so I have this time too. Checking on Elliot wave, I feel we are into corrective wave C which could end now either at 15450 (considering Wave A=Wave C) or at 14800 (considering Wave C= 123.6% of Wave A). Though chances of taking support at 15450 are little bit brighter because it coincides with other EW guideline which states that corrective WAVE shouldn't trade below motive wave 1's high which is 15431. Please note that its just a guideline and Nifty could even test the second possibility so trade accordingly.
P.S. Sell on rise still considerable for short term traders with SL at 16500.
SENSEX - Flat CorrectionFinal short target of 50,000 looking doubtful.
- Market looking strong and investors are not fleeing like other markets.
- Possible Regular or Expanded Flat Correction
- Bullish India but still neutral over the coming weeks and hopeful my target is reached.
Best,
Hard Forky
