Rugminik

Rugminik

Nifty has formed a Head and shoulder pattern in the intraday time frame, and has broken it's neckline at 19530, so one can consider to go short at the retest of the same 19530, with a bearish candle pattern confirmation or any other technical setup confirmation. 19423 - 19430 target, next support zone. Happy trading!

Rugminik

The stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area. 75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is...

Rugminik Updated 

Black Line zones - Resistances R1 - 19617-19639 R2 - 19723-19795 R3 - 19805-19822 R4 - 19842-19876 Green line zones - Demand S1 - 19593-19574 S2 - 19555-19510 S3 - 19595-19462 S4 - 19350-19295 Analysis:- Nifty is in a process of forming a retracement , Lower High for the Downtrend formed. But if it moves strong above 19684-19733 which is the 78.6% to 88.6%...

03:35

Rugminik

Dear All, I have tried to capture a small price action scalp trade setup with options strike price 1 min time frame Price ACTION. Do correlate it with the trade plan that I have shared at Happy trading!

Rugminik Updated 

Price compression is seen in 75 mins time frame, if the price sustains above yesterday's close level, the marked levels can be used for Intraday target sell zones. The RSI is also moving up from oversold to a strength zone of 60-70+. The price may move to fill the gap at 414-415 zone. An intraday trade may be possible with the marked levels, above 410 with an...

01:13

Rugminik

Happy trading, do your diligence before entry! Please check out this as well,

Rugminik Updated 

Monthly is reversing from major support zone, previous low. Bottom fishing. Weekly is into an uptrend, RSI is perfectly moving from over sold to strength zone of 70+ Daily broke out of consolidation zone, flag anf pole pattern. One can look for trade as per the supply zones marked.

Rugminik Updated 

Weekly timeframe has broken out of a 2 year long consolidation period, it shows a flag and pole pattern breakout at Weekly R1. Also note that the consolidation and bounce that has happened is at Fib 38.2%, hence expect strong bullish momentum to continue. Hence looking for huge upside potential in the Mid to Long term, for a short term can look for the black...

Rugminik

1) Monthly at the verge of moving into uptrend. 2) Weekly has broken out of the 2 year old major consolidation phase after an uptrend. This has happened in May and then still consolidated for 3 months, and the last week has broken out of all the major consolidation zones. Due the longer consolidation period, the breakout would be strong enough. Has the...

Rugminik

1) Monthly is reversing from major bottom. 61.8% Fibonacci Retracement of the Previous swing. 2) Weekly has just got into an uptrend with 200 EMA close above weekly candle. 3) Daily is also in an uptrend. Looks good for a target of 440-450, the demand and supply zones are marked, demand zones are good to buy prices and Supply zones are good to sell prices.

Rugminik Updated 

Market Analysis – Overall structure – Downtrend/Bearish, although buying is happening at the lower levels, yet to reach the final targets of this down wave that has begun. Targets as per M pattern breakdown, descending triangle breakdown – 19235. The market has clearly broken the M pattern and descending triangle support, took a retest at 19545 zone, and...

Rugminik Updated 

I have possibly captured all inputs for the trades taken. Please feel free to comment for any clarifications/suggestions. 1 & 2 in chart indicates 2 trading opportunities with their analysis. Trade Opportunity 1 - The market gap-up happened. so as per the trade plan, I was looking to short at the marked levels in the Trade Plan, but as there was no entry...

Rugminik

Trade 2 Entry setup --> Options chart Price Action Entry Setup in detail explanation, This is a continuation of 1) Entry based on 1 min Timeframe price compression breakout, target and SL are marked. 2) In confluence with RSI divergence and Reversal candle priceaction in 5 min adn 15 min timeframe.

Rugminik Updated 

Market opens flat – Before 10 AM only condition 19545-566 , is the descending triangle and M pattern support retest zone, also is the 23.6% retracement level of the previous swing and there is a strong VWAP rejection with confirmation, hence if market opens flat, would be a good candidate to short at least till today’s low zone and run further based on price...

Rugminik

Pls visit for the main thread. This chart is only for 15 min Support zones.

Rugminik

Plan for Monthly expiry - July:- ----------------------------------------------------------------------------------------------------------- Upside moves are priority as the trend has moved from down to up after breaking a falling channel , Trending trades only upon breaking 19830 or 19650 on either side Resistance and Support zones marked, Resistance...