HAL - #intraday Chart Analysis || 9th May,2023 #stocks

Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 9th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange

DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

______________________

best stocks to buy today
best stocks to buy now
best stocks to buy
best stocks for Intraday tomorrow
best stocks for long term investment
best stocks to buy today india
best stocks for swing trading
swing trading strategies
swing trading beginners
what is swing trading
swing trading stocks
swing trading stock selection
swing trading kya hai
nifty analysis
nifty view
bank nifty analysis
top stocks to buy now
strong stocks
nifty view
nifty prediction
stock market view tomorrow
bank nifty Levels
bank nifty prediction
share news
stock market news
best stocks to buy now
profit booking stocks
multibagger stocks in discount
breakout stocks
best short term stocks
best short term shares
next multibagger stocks

Trade closed: target reached:

HAL (5min TF)
- Intraday Entry Given on 9th May (Tuesday)

Entered Short at 10:55am
✓ Achieved 0.7%
✓ Target was Day's Low
✓ R:R = 1:6

✓ After the 3rd 5 minute candle broke yesterdays support, we waited for it to come back to the liquidity zone or change of polarity zone
✓ Entered immediately for a Short entry

#stocks #intraday #targetshit #priceaction #followthetrend

Trade closed: target reached:

We could have achieved an easy 1:20 today. Today was the right day where I should have trailed my SL with HAL.

Or even if we stuck to our Target Levels marked, it would have been an easy 1:11

But because the market was being unpredictable, we closed the trade at a 1:6 (which was Day's Low)

Alas, we shall try our game plan again.

We live to fight another day ☺

Comment:

HAL
(5 min TF)

The 1st candle was fake out and the 2nd red candle broke the support that we drew out clearly.

So as per price action, we needed to wait for the pullback to the support (which becomes the resistance).

That's when we took a Short entry with a small SL; and our target was day's low.

According to this price action, we should have trailed our SL continuously to maximize our profits.

But nevertheless, this is an explanation of how HAL is the perfect example of a breakdown of the Support and how you'll need to ensure smaller SL's to increase your RR or profit margins.

Hope this helps you'll understand how we read the chart during live markets.