TVS MOTOR INV HEAD & SHOULDER BREAKOUT & RETEST STRATEGY TVS MOTOR CO
1. Inv Head & Shoulder Pattern
2. Breakout & retest strategy
3. Close within 52W high zone (2313.45)
4. Close above the previous day's high (2238.80)
5. High increase in 1 month (+9.6%)
6. High increase in 12 months (+72.3%)
7. Promoter holding 50.27 %
8. Pledged percentage 0.00 %
9. Change in Prom Hold 0.00%
10. FII holding 20.8 %
11. Chg in FII Hold 1.56 %
12. DII holding 20.3%
13. Chg in DII Hold -1.53%
14. Stock PE 63.4
15. Industry PE 63.4
16. ROCE 18.8%
17. ROE 27.4%
For Educational Purpose Only
Retest
Example of Support, Resistance and RetestThe chart is self-explanatory. The main benefit of entering into a trade at the time of retesting the resistance area is that our stop loss becomes small at that point. And risk-reward ratio appears good there.
Hope the interpretations will help some of you in your trading approach. As me-too learning from others.
Wish you success.
All you need to know about DLF in 15 mins👑 Terms used if you don't know :
✣ An inverse head and shoulders also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼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 :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
Trading parallel channel breakouts.NSE:BAJAJ_AUTO
Simple guide on how to trade breakouts from ( parallel channel ) trading range.
This example illustrates how the parallel channel breakout ideally works out. Please try and spot stocks and index that are currently either trading in a range or about to breakout for trading opportunities, Keep plotting, keep learning and trade with confidence.
Feel free to message me regarding any doubt you might have.
Please comment, like and share the post if you find it useful.
Granuels- A Chart with Multiple IndicationsThis chart reflects various aspects of technical analysis. Let's understand them
1. Price action perfectly shaping up for a move (Pink line reflecting behavior of price).
2. Price taking support at previous breakout levels(Resistance acting as support for the stock).
3. Price making a flag pattern too. (Draw a trendline below the already drawn one.) A trend Continuation Pattern which provides a lot of confidence to all the trend traders.
4. Volume picking up the pace as the price is trying to move up (What do u think who is making all these positions?).
5. A hammer with big tail/wyck reflecting strong interest of buyers which pushed it back up.
What else do we need before entering a trade?
Hope it will help you understand.....
Cheers and Happy Trading.
Disclaimer: I am not SEBI registered. Please trade with caution and manage your risk. Consult your financial advisor before entering into any trade.
Nifty: July Could Be DecisiveI believe that this month could decide a clear direction for us. This week it had a breakdown below 10700 support level and an important trendline (of course signs of bearishness). But the Friday's pullback was as strong as the breakdown. To my surprise there was no sustained reaction from 10700 and it managed to close above support.
What Next?
Scenario 1 : We may be retesting the breakdown area. In that case, we should see some signs of reversal in the 10700-10765 zone. If we resume the downtrend from there we will be heading towards 10520 and 10430 next week.
Scenario 2: Breakdown that we had last week fails. The short covering above 10850-10900 zone will give enough energy to break the long term resistance trendline on sustained basis. Sustaining above 10765 would be the first sign for bears to get cautious.
So let's see what happens.
All the best for next week.
Regards
THE CONFIRMATIONWe generally talk about breakdown and breakout confirmations. I have tried to present what confirmations actually are and how they are traded.
Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only.
Same strategy can be used for breakouts.
Notes on the chart.
Hit like/comment for better educational posts in future.
Trade safe, stay healthy.
Best Regards
Bravetotrade