#DoubleTop

Sep 9, 2021

#HindUnilever forming a potential #DoubleTop candidate on daily scale. Confirmation below 2765. Will go #Short below 2765 with SL = ATH. (with protection).

Sep 9, 2021

Note

Disclaimer: 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 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 use 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).

Sep 9, 2021

Note

Points to watch

🔴 Overbought momentum indicators RSIStairs - D=82, W=73.3, M=68.58
🔴 Daily ADX > 57 indicates very strong momentum. Need to wait for cool off.
🔴 Double top pattern seen on daily scale. Need to watch out swing low break

🟢 Relating strength in RSI is positive. Daily > Weekly > Monthly.
🟢 All timeframe its having 5 star bullish rating by RDX Score
🟢 Trading above major moving averages 20/50/200 DEMA
🟢 Trading above SuperTrend 10,2 and Donchian channel basis

Sep 14, 2021

Note

🟡 Stock broke 2765 levels and trade triggered.

Oct 5, 2021

Note

.
🟢 Made low of 2677. Nearly 100 points