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pradipandsuvra

MCX:NATURALGAS1! looks bullish. If we look at the daily chart carefully, we will see it retraced a lot and tested 125. Then it is mostly a range bound from 140 to 280. Now this 280 level is also the 23% Fib retracement level. Around this level the price hits already 5 times, after breakdown almost one and half year back. However this time it has created a W...

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We all know that our beloved NSE:NIFTY has shy of 1500 points in short time, falling from a cliff. Naturally people are eager to guess if the holy grail Bottom is there, or it will test the 4th of June Election Result Day low at least. Being a price action student, it's always good to look at the history and try to take a leaf out from it. Specifically,...

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Recently came across this great indicator (rightly got EP note), Adaptive Trend Finder (log), by @Julien_Eche: Per the suggestion, in the Logarithmic chart of NSE:NIFTY , we applied this twice. Once with Long Term trend plotting (light purple channel) and another short term trend (light green channel). Then just for fun, applied @LuxAlgo ECHO forecaster:...

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We can see an interesting correlation between t NSE:NIFTY1! he and the $TVC:IN10Y. See the charts. The top chart is showing India Govt 10 Yr Bond Yield (IN10Y) and the below chart is current Nifty Future. The IN10Y is making lower highs while our Nifty is making higher highs. In the chart with purple color mentioned the direction. We can see whenever...

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Being curious enough to check whether NSE:NIFTY has already run up quite-a-bit recently such that it's a time to pack the backpack and take out everything from market, we looked into the Monthly timeframe of NSE:NIFTY from 2006, roughly last 18 years. That's a good amount of time, being considering how short-lived our memories are :sic: See the chart here....

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NSE:PETRONET is showing an interesting breakout pattern. It is breaking out a pennant pattern formed since last 3 yrs with an excessive high volume. Structure wise it is also creating an higher high patten. Lets wait for the price to correct upto it's support level of 240. Then its a good price to acquire for a potential price target of 300. SL can be kept at 210.

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In the Daily timeframe, this less known mid-cap Technology stock NSE:ACCELYA is showing confluence of multiple bullish chart pattens. A beautiful rounding bottom formation happened over last 4 months. Followed by a breakout with very high volume on 15th Jan. Followed by consolidation and re-test of 1750 level. During this consolidation between 15th...

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Lets discuss the interesting trading proposition for the Israel's benchmark index TASE-35 $TASE:TA35. It's the Tel Aviv Stock Exchange's 35 shares composite, weighted average index. Lets first talk in technical parameters in Daily chart. After the 8th October'2023, the index touches the lower band of the Bollinger Band. Then it started recovering. On 14th Nov...

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Amid today's 333 points Nifty Selloff, the only Nifty stock gave a bullish engulfing breakout is NSE:SUNPHARMA . Multi timeframe analysis gives various aspect to be bullish for at least 1:1 Risk-to-Reward target: In W chart, it's a clear breakout of a rounding bottom patten created over last 8 years (since 2015). During this course it breaks out...

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Somehow I have seen when there is an issue with monsoon (below par) this stock keeps on popping up in my radar. Reason: It's a AgroChem company (phosphate fertilizer producer #1). I saw some analysts also giving Buy call in this. So before putting long term bet, was looking at the Funda-Techno Analysis of NSE:UPL Here are my thoughts: Fundamental : DVM...

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How NSE:NIFTY1! looks like going forward? Weekly (-1) This week's close is lowest of last 4 week. There was a red doji last week. Which gets clear confirmation on this week's closing. (-1) Weekly volume is highest of last 4 weeks. Daily (+1) Nifty comes back to the uptrend channel with bullish kicker candle formation. (+1) If you follow BB...

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Very Interesting: in 30m chart, it seems this is the 4th time Nifty is testing 17125 level. Typically it is told: the more price hits a level - the intensity of the level to provide support/resistance is reduced. However can not see any divergence. Rather the price uplift to correct the yesterday's RSI +ve divergence is over. And price is negotiating 17125....

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Swetha madam shared today one nice observation about a down slopping channel in Nifty since last 3 months. Extending the analysis with a few other observations with some more price-action tools. Swetha madam's charing: My charting: Observations : H&S formation with a base at 16800. So for the sake of price-action, 16800 has to be retested. This is 2nd...

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No other trade Other than 28th March Straddle/Strangle Or Iron fly/condor. Range: 82.25-83.00, pivot at 82.75 Means: IronFly: 82.75 call & put sell, 83.00 call, 82.25 put hedge leg. Per OI: 83.00 upper, 82.50 lower. Per lot margin: ~2000

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Levels: Support: 195, 180. 173, 163, 150 Resistance: 200-205, 210, 215, 220 OI Data (24rd March Expiry): Nearest Major Resistance per OI data: 220 Nearest Major Support per IO data: 180 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 210 | 210 | 220 |...

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Levels: Support: 5500, 5450, 5350 Resistance: 5500-5575, 5625, 5700, 5750 OI Data (17th April Expiry): Nearest Major Resistance per OI data: 5700 Nearest Major Support per IO data: 5500 Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 5600 | 5560 | 5650 |...

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Levels: Support: 39600, 39450, 39250, 39000, 38600 Resistance: 39800, 40000, 40150, 40300, 40550 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 39598.1 ATM: 39600 , ITM: 39500, 39400, 39300 , OTM: 39700, 39800, 39900 ---------------------------------------------------------------------| Highest...

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Levels: Support: 17100, 17050, 17000, 16950, 16850, 16800 Resistance: 17150, 17225, 17325 OI Data: ---------------------------------------------------------------------| Nifty => Price: 17100.05 ATM: 17100 , ITM: 17050, 17000, 16950 , OTM: 17150, 17200, 17250 ---------------------------------------------------------------------| Highest OI...