MULTIBAGGER STOCK! Solid Fundamentals & Technical SupremacyHello fellow Investors and Traders,
Investing is an Art and Analyzing is artwork
Remarkable Fundamentals and I have fallen in LOVE with this stock and the chart after careful analysis and deliberations...
Two dominating long term channels - Downwards and Upwards
Who will WIN ? Only time will tell
Such beautiful adherence and synchronicity all along the way respecting these channels like a river respecting its banks
Recent volatility in Global markets and international worries have negatively impacted its momentum
While it seems it has broken down on the lower side of the up trending channel, it still has a strong support at 215-220 level and I for sure am anticipating some price action here
Close above 235-240 range will initiate my BUY trade
Approximate 6-8% Stop loss is plotted on the chart
Entry , Exit and Target (T1,T2 and T3) Levels are marked on the charts
Target Levels are only indicative and I intend to HOLD on to this stock till the fundamentals stay intact and aligned to my analysis
Investments are subject to market risk. Please do your own study before you invest.
Enjoy and as always do not trade unless you have money to lose and patience to wait !!!
4stech
WIPRO is ready for Launch...After Chandrayaan 3 and Aditya L1 :)
Golden Cross on Daily TimeFrame
Consolidation seen for few weeks
Strong Close
Has tested the same resistance levels multiple times
Entry and Target Levels marked on the charts
Lets watch whether WIPRO launches to the BANK with this breakout.....
Enjoy and as always do not trade unless you have money to lose and patience to wait !!!
Can LIC Insure my Investments :-)
Sellers Territory has been clearly violated by Buyers
Retracement and Sellers power is weakening with every up move of buyers
Little to no retracement seen in the last 2-3 weeks
Sideways to consolidation
Same resistance level being tested with consolidation is a double confirmation
Everything seems to be aligned for this counter to make me some premiums on my investment
Time Horizon 3 months
Investment Capital - As per your appetite
Risk - as defined
Rewards - as defined
Investments in Market and Insurance companies are subject to market risk. Please do your own study before you invest.
Enjoy and as always do not trade unless you have money to lose and patience to wait !!!
IRCTC HANGING IN THE BALANCE...WILL IT BE BULLS OR BEARS ?ALL ANALYSIS , LEVELS , DEEP INSIGHTS AND TARGETS ARE MARKED ON THE CHARTS
THERE IS A TUG OF WAR BETWEEN BULLS AND BEARS AND NONE HAS BEEN ABLE TO COME OUT A WINNER FOR ALMOST 100 DAYS
INVERTED Head and Shoulders , Head and Shoulder , Range bound...Its all to be witnessed in this single stock
IRCTC is hanging in the balance in this tug of war and only time will tell who will come out victorious...
I AM favoring the BULL !!!
comments welcome.... Happy Trading :-)
TWO GOLDEN CROSSES - WAITING TO FLY ?Stock is looking poised for an up move. Current consolidation is looking good. Market is holding at higher levels
Key parameters to consider
EMA crossover - Golden cross is completed follow by consolidated
Breakout from Long Term Downtrend line
Formation of a short Term Uptrend line
Golden Cross completed between the LT and ST trendlines
Stock is resting at crucial Resistance turned Support Levels
2 Entry point are marked on the charts for aggressive and conservative traders/investors
2 Target levels are marked on the charts
Trail your targets as per your Risk-2-Rewards appetite.
This is my analysis and not any recommendation to entry in any trade. Invest wisely and with proper analysis and guidance.
UJJIVAN READY FOR 125% RETURNS | 1:5 R2R SETUP IN UJJIVANHi Friends,
Another Great Setup that should definitely be on your radar. This is a positional trade with 20-25% STOPLOSS and a WHOPPING 125% TARGET
MAJOR LEVELS are marked on the charts and detailed explanation below. LIKE | COMMENT and SHARE your thoughts
1. UJJIVAN has been trading in a DESCENDING CHANNELS Since its INCEPTION
2. Has attempted to breakout from the channel multiple times and failed (evident from the charts)
3. On the Downside it has a strong support zone (DEMAND ZONE) : Depicted by the rectangle area
4. This zone has been tested 3 times and has shown strong buying momentum in both Weekly and Monthly Timeframes
5. Given the small STOPLOSS and A Phenomenal Risk To Reward Ratio , once should NOT MISS THIS TRADE
The TARGET LEVELS are marked on the CHARTS
Immediate Hurdle for the STOCK would be
1. The DESCENDING TRENDLINE (depicted in the charts)
2. The CHANNEL HIGH
3. The LAST LOWER SWING HIGH
As long as there is a retracement of not more than 50% FIB , You should HOLD your positions
BREAKOUT from HERE ON would SEE MAJOR RALLY !!!!
3 ENTRY LEVELS have been provided to suit different trading style
AGGRESIVE - ENTRY 1
CONFIRMATORY with BREAKOUT OF TRENDLINE - ENTRY 2
CHANNEL BREAKOUT TRADERS - ENTRY 3
Comment IF YOU have taken POSITIONS OR Plan to Take !!!
WATCHOUT !!! Sniper Entry For DIVISLAB Head & Shoulder BreakdownHi Friends,
Classic Setup , Learning on Pattern Failure and Sniper Entry in A Head and Shoulder Pattern Breakdown right at the Neckline. Will it BREAKDOWN ??? COMMENTS WELCOME
1.On the left hand side you'll notice a Inverted Head and Shoulder Pattern ( Red Fill) ; Took 1.5 Months for the complete formation and breakout from the trendline.
2. Text Book Pattern , Text Book Breakout , Text Book Retest
3. Despite ALL the perfection the pattern breakout could not sustain and quickly collapsed inside the resistance zone
LEARNING : No Matter how PERFECT the setup , YOU'LL Survive the STOCK MARKET ONLY if you follow discipline of Risk-To-Reward
NOW The Analysis :
1. The Failure of Inverted H&S was start of a H&S Pattern
2. This pattern can be seen forming for about 1 odd month
3. The breakdown from the neckline at 5000 level would initiate a short entry
4. Stop Loss should be not more than 1%
5. This setup is more lucrative as there is no major chart formations on the lower side thus a breakdown would result in swift downward movement of the stock to the lower levels
6. Target 1 and Target 2 are marked on the chart
WATCH This Stock for the Pattern Completion. Trade Only at Your Own Discretion !!!
WATCH OUT For Value UNLOCK in ITC | MARKET CYCLE REPEATSHi Friends,
ARE WE READY TO SEE VALUE UNLOCK IN ITC | CAN IT RECLAIM ITS GLORY DAYS ??
All levels are marked on the charts. COMMENTS WELCOME
There is a lot of learning and analysis that I would like to share with you through this chart. Kindly switch to Weekly Time Frame for the Broad View and then zoom in on the Daily timeframe for the detailed picture
As per my analysis ITC has been in the news for all the right and the wrong reasons, but we IGNORE NEWS as TA and only follow what the CHARTS speak
As far as ITC is concerned , I believe is it READY to breakout of its MULTI-YEAR Down Trendline.
For now all the signals are right
1. retest of the multi year trendline
2. Breakout failure
3. resting at critical resistance turned support zone
4. Completing of a accumulation phase of over 4-5 months between 200 and 235 levels
Few events or technical triggers needs to happen for us to be able to go LONG
1. Sustain above current levels
2. Breakout above the down trendline
3. Breakout above the last swing high
CONUNDRUM - RANGE OR DISTRIBUTION FALL FROM WIDENING TRIANGLE ??Hi Friends and Fellow Traders,
There is a very dangerous bearish reversal pattern , a potential "THE WIDENING TRIANGLE" being formed on NIFTY 1 HOUR CHART.
MARKET IS MOVING VIOLENTLY CREATING NEWER HIGHS AND NEWER LOWS BUT NOT HEADING ANYWHERE
THIS IS A CLASSIC DISTRIBUTION SEEN AFTER A MAJOR TRENDING MARKET
WHAT IS POTENTIALLY MISLEADING IS THE RANGE BOUND MARKET BEING FORMED WHICH I BELIEVE IS BORDERLINE DISGUISING THE WIDENING PATTERN
Only time will tell whether the range will hold or the pattern will be completed
Two ghost patterns are plotted on the charts for the potential movement of the index
Watch this very closely. If NIFTY FUT does hit 16100 confirming the breakout of the range : be very cautious.This would be the classic bull trap as flocks of retailers anticipating this breakout for months will go all-in (just what smart money need) bam !!
On the downside wait for a RETEST of 15600 to go SHORT
TREAD CAUTIOUSLY AND INVEST WISELY !!!
BANDHAN BANK READY FOR MULTI YEAR BREAKOUT ?Long term weekly downtrend violated with todays close
Should sustain above this level at close of this week end (Friday)
Also closed above its long-term support and resistance zone
Has to clear the immediate resistance level for entry
Entry trigger; stop loss and target levels marked on charts
Perfect Setup - Where There is a Channel There is a TradeLong Standing and Well Respected Channel
Price May Retest the Support Zone
Double Levels of Confluence as stated above
Very Minimal Stop Loss
Great Risk To Reward Ratio
Wait For Level To Be Tested and Support Proven by either Candlestick Pattern or Strong Volume Candles.
A Perfect Setup That as a Trader One Should Look To Exploit !!!!
BANKNIFTY Swing and Positional Trading IdeaBank Nifty has broken down from a symmetrical triangle pattern and breached the previous lower swing high
2 trading opportunities arise basis tomorrow's opening.
If first 15 min Opens with a negative close can opt for option 1
If first 15 mins Opens with a positive close and follows through with a retest and breakout failure option 2 can be deployed
Good R2R in both scenarios
BANKNIFTY 600+ points Captured. Breakout of 1000+ ExpectedHi Friends and Fellow Traders,
Great Breakout of Ascending Triangle Seen in Bank Nifty
We need confirmation of the momentum with a breakout of the immediate resistance level (Marked as our Entry Point)
We need an hourly candle closing above this level with increased volume activity
The Stop Loss Provided is conservative as per my trading style.
Aggressive Stop Loss Can be maintained under the immediate swing low for traders who prefer minimum stop loss (though it would be risky and can be trigged in whipsaw movements)
Comments Welcome !!
NIFTY 15375 ON THE CARDS ??? SWING TRADING IDEAHi Friends and Fellow Traders,
NIFTY has witnessed range bound session for the whole of June Series. Range of approximately 265 points.
It has come at a very good breakout level
Considering BankNifty has not HIT its all time HIGH , Momentum in BankNifty may propel Nifty towards 16000 levels.
Idea would be to take a strangle on Nifty with a range of 400 points
For directional traders, hedge with a PE or CE for Long on Futures or Short on Futures with SL of not more than 2000 per lot (40 points)
Wait for hour candle close above the levels before making any positions.
Do not trade naked options
Do not trade without stoploss
I will keep you posted on my trade.
Cheers
BANKNIFTY Swing and Positional Trading IdeaHi Friends and Traders,
Levels marked on charts along with 2 possible paths..
Bank Nifty is in a bullish formation. Further upside can be expected. Stop Loss need not be more than 100-150 points for Positional Trade since the momentum should ensure there is shallow throwbacks
Maintain Position Size as Per Your Risk Capacity ONLY
Always Trade with a Stop Loss
Cheers
4S Tech
Emotions You Also Have To Deal With !Hi Friends and Traders,
Thought of sharing this interesting trade that really tested my patience and invoked all sorts of thoughts (that one has to control) to win over the markets.
Perfect Entry
Good Risk to Reward
Market was not in the mood to reward me yet :-)
Went completely sideways for almost 20 days
Stuck with the trade as the price was in HH , HL formation and way above my SL levels
As per my analysis 140 level was crucial and breakout above that was needed to sustain at higher levels
Stock attempted multiple times and my conviction grew
However as time progressed , movement became more sluggish
Stock started making LH , LL
Swing Highs started moving lower
Crucial Support Zone started being tested by SELLERS multiple times
No Matter What My Initial Exceptions Were - Market was NOW indicating that It has no Steam left to give me the MOVE I expected...Expiry was 2 days away and margin requirements would HIT THE SKY. IT WAS Time to Cut The Trade - All and All a PROFITABLE TRADE (approx. 10 K Per Lot)
Lots of Learnings that a starter should take from this :
NEVER EXIT YOUR UNLESS YOU HIT STOP LOSS OR TARGET PROFIT
DO NOT LET YOUR THOUGHTS MAKE YOU DO TRADING ERRORS
DO NOT OVER ANALYSE THE TRADE ONCE YOU ENTER
TRADE WHAT YOU SEE AND NOT WHAT YOU THINK
CONTROL YOUR EMOTIONS (FRUSTRATION , PANIC , ANGUISH , GREED )
P.S: ROLLOVER TO JULY ON THE CARDS
MAKE MONEY - NEVER TAKE SUPPORT AND RESISTANCE FOR GRANTEDHi Friends and Fellow Traders,
The Simplest , Age Old technique of Support and Resistance , Time Proven and Tested and Deployed By Institutions.
MOST IGNORED BY RETAIL TRADERS : STOP AND LEARN NOW !!!
NO NEED FOR FANCY INDICATORS , TOOLS AND ALGORITHMS
Pure Price Action Can Do Wonders To Your P&L.
Watch and Learn With Me. Comment If You Have Any Doubts
#PriceAction
#SupportandResistance
NOTE : This is the output of back testing in REPLAY MODE and NOT by simply marking these positions by looking at the prices post occurrence. This is a real world demo for your to practice on LIVE charts and not on staged data.
TRY THIS ON ANY CHART IN REPLAY MODE AND SHARE YOUR FEEDBACK
BANK NIFTY POSITIONAL | LOSING TRADE | BREAKDOWN AND SETUPHi Traders,
Everything seemed Perfect for this positional Trade.
Price attempting to breakout resistance for the 3rd time
Build up at resistance
Price moving in an Uptrend
Support taken from Trendline
Hammer like formation showing buying presence
Entry on 7 Jun
Exit on 10 Jun
LOSS PER LOT - INR 7500/-
PROFIT PER LOT : INR 23000/-
This Futures position was hedged with a PE of the index.
Though we had multiple confluences , I never trade without a stop loss
Now in the case of bank nifty , the daily volatility is in the range of +-300 points , hence it did not make sense purchasing naked futures and maintaining a Stop LOSS Trigger as any normal move of bank nifty could trigger a stop loss
A PE was purchased to CAP the maximum loss per lot to 7500 /-
Now if you notice on the charts , without PE , I would've been stopped out immediately on the same day
Because the position was HEDGED , I was able to carry the trade for 4 days
Also note the margin requirements for a HEDGED position reduces significantly (Almost 1/4th)
Respect the Markets and Trade with a strict stop loss. LIVE ANOTHER DAY !! Keep This Information Handy and Happy Trading.
NOTE : HAD THIS BEEN A NAKED FUT TRADE , THE PAIN OF SEEING A NEGATIVE P&L OF 20000 /- PER LOT WOULD MAKE TRADERS TAKE EMOTIONAL AND IRRATIONAL TRADING DECISIONS. ALWAYS TRADE WITH STOP LOSS AND ENJOY WHAT THE MARKET OFFERS :-)
******* KEEP A CLOSE WATCH FOR A BREAKOUT ABOVE THE LEVEL OF 35500 AGAIN FOR BUY *****
HDFC | WATCHOUT FOR A MOMENTUM BREAKOUT PLAYHi Friends,
Watch and Enter on Breakout
All LEVELS marked on the charts
Price has re-entered the long term trendline
Ascending Triangle Formation completed
Resistance Level Tested Multiple Times.
Breakout this time would achieve Targets
Post your queries in the comments
SYMMETRICAL TRIANGLE SUPPORT | 25% UPSIDE POSITIONAL TRADEHi Friends and Fellow Traders,
Stock has broken out beautifully from the Weekly Downtrend
Strongly placed over an Area of Support
Consolidating in a Symmetrical Triangle
Price above 200 EMA in Daily (Which will act as second level of defense if Support Zone Fails)
In Hourly Timeframe : Forming a ascending Triangle
BUY on close above 250
Levels Marked on Charts.
HAPPY TRADING !!!!