SBIN - Perfect 50dema Support Structure
🔰 MY thought process :
⭐After a good breakout and reversal on the D chart now this beauty is on ATMs
⭐I see good Trendline support on 30mins and a possible good setup on 15mins :)
⭐A very decent trading setup would be activated when it breaks this small trendline on 15 min TF :)
⭐Trade type: swing
⭐Pattern: Ascending triangle on small TF with a bullish structure
⭐Buying on the breakout and selling on 1st fibo extension or 1 to 2 pivot points can be taken :)
⭐Risk will be minimal, SL below your entry candle, reward: Pivot points or the marked level
⭐When not to trade this pattern: if it gives a close below the 30 min supportive trendline or breaks the 50dema support on 15min don't trade leave the setup and trade :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<<Thank You Have a Nice Trading Day>>>>>>
⭐After a good breakout and reversal on the D chart now this beauty is on ATMs
⭐I see good Trendline support on 30mins and a possible good setup on 15mins :)
⭐A very decent trading setup would be activated when it breaks this small trendline on 15 min TF :)
⭐Trade type: swing
⭐Pattern: Ascending triangle on small TF with a bullish structure
⭐Buying on the breakout and selling on 1st fibo extension or 1 to 2 pivot points can be taken :)
⭐Risk will be minimal, SL below your entry candle, reward: Pivot points or the marked level
⭐When not to trade this pattern: if it gives a close below the 30 min supportive trendline or breaks the 50dema support on 15min don't trade leave the setup and trade :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<<Thank You Have a Nice Trading Day>>>>>>
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