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21ma

CIGNITITEC - 4 Months Consolidation / Retracement BreakoutCigniti Technologies Ltd 1) Time Frame - Monthly. 2) The Stock had given an All time high breakout & It has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle in Weekly Time Frame. One can consider entering here with weekly TF or Should wait for the strong monthly close above (1204). 3) The stock may find It's next resistance around the (price 1510) in short term. 4) Ev en though the MidCap and SmallCap index were showing weakness in the past week the stock had shown some relative strength and managed to sustain above it's 21 day moving average. Since It's a 3500 Cr Market Cap stock, One need to be cautious & should keep the Stop Loss tight In case of any sudden selling in the stock. 5) Recommendation - Consider Buying it with tight Stop Loss.
NSE:CIGNITITECLong
by SHRIHARII
How to ride on a swing trade ??? Ex :AMZNHow to ride on a swing trade? One good strategy in price action is to use 21 EMA and ride on swing trades for short or long terms. 21-day EMA can be called as the Goldilocks of all moving averages. 5,8,13 can be too tight and 50,100,200 are too loose for looking at moving averages, hence 21 EMA can be considered as a powerful average. In this strategy 21 EMA LOW and 21 EMA HIGH are plotted on the graph forming a channel. Any channel breakout up or down triggers a buy or sell respectively. The bar which detaches with the bar which pierced out of channel can be used as a buy or sell. Please remember this bar should be in the trend up or down respectively to the earlier bar which is piercing out of the channel and not at same levels. In uptrend, high of that second bar can be used to buy and in downtrend, low of the second bar can be used to sell. Put stop loss of one bar below for uptrend and one bar above for downtrend. Keep trailing as per the risk appetite. We can add during the trend when the candlestick bars touches the channel line and again detaches itself to follow trend, same second bar high should be used as explained earlier for buy or sell respectively. Keep raiding this trend until the bars touch lower channel in uptrend and upper channel in downtrend respectively. There are many ways to take profit as per your money management. Book profit at 1:2 or 1:3 or 1:4 etc as per the risk. One best way is to put trailing stop loss at high of every bar, it can also be at low but if the size of bar is big and in case of reversal of trend, that bar length of profit would be lost. If the bars are too big then half of the bar can be used for stop loss to average out of profit on reversal. If the bars are far away from channel profits can be booked. This works very well for 1 hour and above time period. Certain stocks may not fall into this strategy due to way they operate or may very rarely follow the above 21 EMA channel pattern. Above chart is an example and we tried to put strategy as simple as we can. Exceptions to strategies will always be there, so please back test as much as you can to understand this method. Hope this helps to gain a bit of knowledge! Please press like or thumbs up button, if you like this strategy, Thanks
NASDAQ:AMZNEducation
by AdhigamaTrading
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