AxionAjay

AxionAjay

#The Pattern is a simple Support and Resistance Points to Look: 1.The Channel Pattern is slanted downwards, this pattern has a high success rate! 2.Inside the pattern the recent trend is Bullish (Bullish Candle) 3.There is 'W' shape recovery(21 July 2022 to Now) in the trend which is also a good bullish sign. 4.There is a chance of CONSOLIDATION and tern...

AxionAjay

#The Pattern is a simple Support and Resistance Points to Look: 1.The Channel Pattern is slanted downwards, this pattern has a high success rate! 2.Inside the pattern the recent trend is Bullish(Higher Lowes formation) 3.There is 'W' shape pull visible(23 Dec to Jan 6 touch points) in the trend which is also a good bullish sign. 4.Despite all this wait for a...

AxionAjay

***Simple Support & Resistance Pattern! Note: Only enter after crossing the Blue Line is my suggestion to all, happy trading mates.

AxionAjay

+++The Triangle is broken with good candle and also sustained in today's session. ++The Supports(+) and Resistances(-) are also perfectly respected. +Lets follow the Price Action in keeping the SL(Under 14 Dec candle) and Target R:R should be (2.5)> . Happy #Christmas Trading Mates!

AxionAjay

***The above is simple the price action formed in 1DTF. >The Supports are numerous... They are 5 good supports! >The Resistances are 4... The 4th resistance almost took the 3rd one indicates the bullishness in the trend! >The Trident is Textile stock which has the scope of showing the good numbers in coming Quarters due to Christmas is also a point to be...

AxionAjay

The Analysis is quite simple! ×The Supports taken by the Trend is key factor in this Trade. ×3 Supports has been taken since DEC 2013. ×Patience is required to Trade these Patterns, definitely not for Intra-Day rather go for Swing-Trades. Tata Stock!!!

AxionAjay

>Good Triangle Break -Out >Wait for the Break-Out from Mid-Term Resistance Diwali Pick ... Hold long term followed by the Momentum!!!

AxionAjay

***Took the position in the stock today!, with same RRR(Risk Reward Ratio) >The simple triangle pattern nothing much as you can see. >The reason I took position is because of the stock's behavior towards EMA's (20EMA,50EMA) which is the important factor of my analysis behind this. > The way the pattern respecting both EMA's is good . >Good formation of the...

AxionAjay

>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up! > The upper Trend Line should be broken with the good volumes is the only concern! >Good formation of 'V' Shaped Candle Sticks is happened just below the 20 DMA. >The 4 Supports Levels are significant because they represent the higher low's...

AxionAjay

***Bullish-Trend, the Higher Highs and Higher Lows represents that, just Follow the Trend, the Trend is our Friend >The above pattern has solid Support(3) & Resistance(5) Zones are perfectly formed. >The Stop Loss should be strict due to the high volatile market conditions. The perfect SL would be around 525(-4.5%) according to me. >The Target only for 1:2 Risk...

AxionAjay

***Bullish-Trend, the Higher Highs and Higher Lows represents that, just Follow the Trend, the Trend is our Friend >The above pattern has solid Support(4) & Resistance(4) Zones are perfectly formed. >The Stop Loss should be strict due to the high volatile market conditions. The perfect SL would be 580.15(-7%) according to me. >The Target would be the upper trend...

AxionAjay

>The good ACCENDING Triangle Pattern formed which ended up with strong green candle! >The pattern took 3 supports at the bottom and 3 resistances at the top! >12 AUG close is strong both 1 DTF & 1 WTF. >In WTF it closed as a Hammer Candle , It is heading to break 20 DMA! >Once it breaks 20 DMA then 50 DMA is the immediate target in WTF, the MTF is also looking...

AxionAjay

>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up! > The 50-DMA should be broken with the good volumes is the only concern! >The 4 Supports Levels are significant because they respected the same levels of (335-354) every time. >There is also the formation of High-Tension Lines which is a...

AxionAjay

>The good triangle pattern with strong break-out can be seen in the following chart. >The pattern took 4 supports at the bottom and % resistances at the top! >Todays close is strong both 1 DTF & 1 WTF. >In day chart there is a strong support from the 20&50 Day EMA's. >In weekly chart it has just crossed the 20 Day EMA and heading towards 50 EMA. >Stop-Loss is fine...

AxionAjay

**This is NIFTY HEAVY WEIGHT as you all know and Fundamentally sound also! Apart that: >The stock is in side ways trend since 2021 despite good results reported. >The S&R zone's are clearly respected. >Let the LEVEL TREND LINE break and then take the positions. >SL is kept below the EMA's and Target is the Upper Trend Line. #stable Trade!

AxionAjay

The NIFTY 50 is in crucial levels!!! >Lets wait for it break the resistance and then rocket the positions. >But if it turns bearish we better look into the defensive stocks and trade in them irrespective of NIFTY 50 levels. Ex: ITC stock, it is in bullish trend since Mar 2022. >Don't square off your present portfolios instead put a strict S-L, play it safe! ...

AxionAjay

>Simple Triangle Pattern break-out! >High-Tension Lines are also combined inside! >Good Break of both the 20&50 day EMA's Let's Watch!!!

AxionAjay

*It is a consolidated Support and Resistance as you all can see! *Also marked the previous move of the Trend by forming the almost Identical Flag-Pattern. *Broke both the 20 & 50 EMA's with a good bullish momentum, that made our stop-loss clear! *i.e., the ideal S-L would be around the previous week Green Candle. *Let the trend take a little retrace, then take the...