🟢 Very high volume breakout & then pullback/profit booking
🟢 ExideInd BO retest done near the 50% retracement levels
🟢 Doji formation near demand zone indicating indecisiveness.
🟢 178-182 is a very good demand zone and may take support
🟢 A good EV play and recent stake sell will add cash flow
🟢 A rerating candidate and stock has potential to move high
🟢 Stock trading near 200 DEMA. First pullback is a great buy
🟢 Daily #RSIStairs > 60. Trading above major MA & SuperTrend
🟢 12/20 DEMA bullish crossover in daily scale. Bullish
🔴 Weekly and monthly #RSIStairs still trading below 55
🔴 Relative strength in #RSIStairs is turning positive.
I have added at lower levels. Will add more after seeing some reversal confirmation. Can do some shakeout near the BO retest levels and move higher. Even if it doesn't move in near term, stock has potential to test 220/234 in #MediumTerm to #LongTerm #PortfolioBuilding #Investment
🟢 ExideInd BO retest done near the 50% retracement levels
🟢 Doji formation near demand zone indicating indecisiveness.
🟢 178-182 is a very good demand zone and may take support
🟢 A good EV play and recent stake sell will add cash flow
🟢 A rerating candidate and stock has potential to move high
🟢 Stock trading near 200 DEMA. First pullback is a great buy
🟢 Daily #RSIStairs > 60. Trading above major MA & SuperTrend
🟢 12/20 DEMA bullish crossover in daily scale. Bullish
🔴 Weekly and monthly #RSIStairs still trading below 55
🔴 Relative strength in #RSIStairs is turning positive.
I have added at lower levels. Will add more after seeing some reversal confirmation. Can do some shakeout near the BO retest levels and move higher. Even if it doesn't move in near term, stock has potential to test 220/234 in #MediumTerm to #LongTerm #PortfolioBuilding #Investment
For queries, suggestions, access requests you can reach out to me using below social media handles.
EMail_ID:- support@tradersvenue.com
Telegram: t.me/TradersVenue
Twitter: twitter.com/PB_Fin
YouTube: www.youtube.com/channel
EMail_ID:- support@tradersvenue.com
Telegram: t.me/TradersVenue
Twitter: twitter.com/PB_Fin
YouTube: www.youtube.com/channel
All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.
All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).
Few Important Points: While trading never risk more than 1% capital per trade. While trading FnO always trade risk defined strategies. NSE derivatives are leveraged 6-8x that means 12% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news.