NandanChaturvediTrade

NandanChaturvediTrade

BTC is reviving after the much anticipated fall. The trendline is broken and there a chance that we see the upside from here. I am looking for an upside till the next distribution level reaches

NandanChaturvediTrade

The target could be calculated based on the depth of the head and that is giving us the number around 25500. Given the current momentum after the breakaway, market is starting to tell the bullish story. Keep an eye in coming day.

NandanChaturvediTrade

Breakaway gap - is not something that is formed in everyday market and it takes strong buying to create such a gap. Nifty is now holding above the breakway level after the trendline breakout and taking support from the same level. From here, I see a good possibility of upside to 25500 in the coming days. However, the price now must move with providing good...

NandanChaturvediTrade

Let's not discard the rally just yet. I see the buyers are still present but the overhead supply is a matter of concern. So, here is my view: Support level - 98000 As long as the price does not close below 97500 on the hourly chart, this is still a buyers' controlled setup. Supply zone - All time high is the only and a very strong rejection zone. BTC will...

NandanChaturvediTrade

How's this view? I see this stuck in the range and I have my reasons here: 1. Recent Fall - There has been a significant selling from the FIIs in the last few weeks and sharp falls are visible on the chart. The big Red candles are already implying the presence of the sellers here. 2. Long term Trend - This is still bullish and every fall is likely to be bought...

NandanChaturvediTrade

Market structure: 1. Market is currently in a downtrend as you can see the fall in the left side. 2. Big red bars on the screen are evident. 3. Price is below all Moving Averages Price action: After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation. As a directional trader, I would like to favor the direction by...

NandanChaturvediTrade

Flag formation on 4 hours time frame. The fall could be assumed to be consumed if the price holds above the Fib golden ratio of 50-60%. The double bottom formation with higher-lows is another sign of buying accumulation. Now the price is forming a flag at the crucial level. This could be a good place for further upside expectation.

NandanChaturvediTrade

What a chart to have complete study on gaps. 1. Pro gap: 12% gap up with strong candle with volumes. See the chart on 2nd Feb when Buyers are completely in control and after that the price continued to go up further 17% from there. 2. Profit booking: There was a decent correction of 10% until we that big gap down. 3. Gap filled: 15% gap down on April 25...

NandanChaturvediTrade

After all the love I received on the NBCC chart, here I bring another very similar chart from the consumption sector. As I see that the consumption sector is now the one to be watched out, it is better to place our bets there. These are some points to note: 1. The base formation that absorbed all the supply from 5 months. 2. Price trading in higher-highs...

NandanChaturvediTrade

As I mentioned in my previous post that a strong trend is like a family. Here's an update on NBCC after my last possible entry price where the breakout is under formation. Note that, new initiative buyers will start to participate on the breakout and we can again see one momentum. However, this has to be sized well given the market behaviour at this moment.

NandanChaturvediTrade

Like I said in the title, strong trend is like family, they don't betray you soon. The amount of buying force we have seen in the PSU names in the last one year is superb. And if we were to believe that it won't fade very abruptly, we'd be right more often than not. Based on the above logic, I see there is good potential in this trade and worth placing the...

NandanChaturvediTrade

Trend-lines are the easiest way to understand the market trend. Usually the selling pressure seen from the upper trendline was throwing Nifty down. But guess what, we are trading clearly above the line and that can now act as a support.

NandanChaturvediTrade

Reality sector like any another is cyclic. And this name comes from the PSUs which makes it even more macro centric. Now look at it from technical point of view. 1. Strong sector: There is still a lot of fuel left in Reality. We can see some names are in mid way and have not matured on charts. 2. Strong momentum: Price is holding above the all time high...

NandanChaturvediTrade

If you were to believe that stock could double after they breakout their all time high levels, this is probably a gem for you. 1. Great Fundamentals with good market share in business 2. Breakout of All time high and retest. As it has clearly survived the volatility of 4th June, this can show some more strength in the coming months. 3. Fresh stage 2: It has...

NandanChaturvediTrade

One of the best numbers in the sector coming out after the much needed consolidation of more than a year. I would agree that the BO candle is not as strong as I would have liked. But this is still a good setup to track. Strong sector.

NandanChaturvediTrade

The top down approach. 1. Sector: Pharma is getting strong again with multiple names developing the moves. Look at #Thyrocare and #Alembic for example. 2. Book like chart: Picture perfect pattern on the chart is a bit rare to see. However, it doesn't really matter but still, makes it easy to spot from the crowd. 3. Volumes: This is a little area to still...

NandanChaturvediTrade

This is no different than my other setups. Look at the volumes that show accumulation in the basing period. Entering into stage 2 is the best time to get into the stock.

NandanChaturvediTrade

I have been trading breakouts on weekly charts from a long time already. And I can tell they are the most peaceful thing in the market. Though, nothing is guaranteed in this world, this breakout gives a place to participate with low risk area. As you can see Inverse Head & Shoulder breakout gives a small stop loss and that is why they are the most favorable....