RELIANCE Ready For Breakout - Dont Miss This Swing TradeHi Friends and Fellow Traders,
The Chart is beautifully setup for a breakout trade.
Good Support Build Up
Consolidation in Daily Price over 50 EMA For Last 4 Trading Sessions
Good Market Structure
Price Needs to Close above descending trendline
Good Risk To Reward Setup
Wait for the price action on a Hourly Candle Closing Basis
Enjoy !
4stechnicalanalysis
NMDC 30% MOVE CAPTURED | PRICE ACTION | PRACTICE AND PATIENCEHi Friends,
Wanted to share this learning of SIMPLE PRICE ACTION Techniques that once practiced with patience yields results !!!
#FANOFTRIANGLES
#PRICEACTION
#SWINGANDPOSITIONAL
PRICE ACTION USED
BREAKOUT FROM DESCENDING TRIANGLE IN DAILY
RETEST IN DAILY FORMING SUPPORT
BREAKOUT AND RETEST IN HOURLY FORMING SUPPORT
ENTRY
Thanks For Your Time. Feel free to reach out to me for any queries. Join me as I teach and impart my learnings on my channel..
MARUTI SWING AND POSITIONAL TRADE WITH 1:3 RISK REWARD SETUPHi Friends and Traders,
All levels are marked on the chart.
Reiterating that entry should be on closing basis in 1H chart only.
Good Consolidation
Good Retracement
Breakout from Descending Trendline
Good Build Up
Small Stop LOSS
Great Risk To Rewards
Enjoy.. Comment if you have Traded !!
MARUTI READY FOR A SPIN WITH 1:11 RISK REWARD #DONOTMISSHi Friends and Fellow Traders
#DONOTMISS
#MARUTI
Broken out from the Daily Downtrend (+ Sign)
Price has been beautifully Consolidating over Hourly 200EMA
Following a Good Trendline in Hourly TF
Successfully closed above 6800-6850 resistance level (after testing for 4 times)
Same Level may act as support to propel the stock further
Today took slight rejection from 200 Daily EMA (expected)
Close above 200 D EMA will further propel the upside journey
KEY LEVELS FOR ENTRY , TARGETS AND STOP LOSS MARKED ON CHARTS
READY FOR TAKE-OFF ? 15% UPSIDE | ANOTHER DESCENDING BREAKOUTHi Friends and Fellow Trades,
WATCH OUT for this one !! ALL LEVELS MARKED ON CHART
ENGINES PRIMED , IGNITION ON , WAITING FOR LIFT OFF !!!
Breakout from Descending Trendline
Major Trend is UP
Ascending Triangle forming in 15 MIN timeframe
Market Structure is Up trending
Strong Area Of Consolidation
#FANOFBREAKOUTS
ALL SIGNS OF GOOD THINGS TO COME !!! LET THE LOVE OF THE STOCK FLOW IN YOUR LIFE !!!
AWESOME TEST OF A LEVEL - BREAKOUT , A HAMMER , SUPPORT AND BOOMHi Friends and Traders,
Is it BOOM BOOM Time in COAL INDIA ??
The Journey and Struggle of a STOCK is depicted in the charts !!
A lovely setup as per my analysis !!!
Comment and LIKE if you have participated in the trade.
Stop Loss is intentionally kept tight to prevent heavy losses in case of a failure again.
KEEP THIS ON YOUR RADAR. ANY BREAKOUT WILL RESULT IN PHENOMENOL MOMENTUM
TRIPLE CONFLUENCE - GREAT POSITIONAL AND SWING SETUPHi Friends and Fellow Traders,
MUST WATCH stock.
Price Trading at 61.8% Fib Retracement
Price at long term resistance turned support zone (daily and weekly timeframe)
Price right at the UP trendline support
TRIPLE CONFLUENCE OR A COINCIDENCE ???
DEFINITE LONG ON CLOSING BASIS ABOVE 214. THIS WOULD CONFIRM PRICE ACTION AND SUBSTANTIATE THE REVERSAL OF THE SHORT TERM DOWNTREND
LET ME KNOW IF YOU HAVE TRADED THIS IDEA IN COMMENTS
MOTHERSUMI TRADING SCENARIOS FOR UPCOMING WEEK WITH RISK-REWARDMOTHERSUMI TRADING SCENARIOS FOR UPCOMING WEEK WITH RISK-REWARD
Please watch through the end.DO NOT skip any part of the video or fast forward as you may miss important discussion point on the levels and entry exit triggers.
This is my view and is should not to be construed as BUY or SELL recommendation. Please use your discretion before taking any position in the stock markets
REMEMBER - Random ACTIONS always RESULT in Random OUTCOMES
Happy Investing !!! Leave a LIKE if you have gained an insight from this analysis. Share and Comment as your way of showing gratitude !!!
NIFTY 50 Upcoming Weeks View - Potential Trend Deciding WeekHi Friends and Fellow Traders,
Nifty has been witnessing volatile sessions last few weeks and the upcoming week may not be much different until a deciding breakdown or breakout takes place.
The charts have been outlined with my view and I advise caution on the BUY and SELL side unless there is a decisive breakout above 14960 or a breakdown below 14687.
NIFTY is still in an uptrend and strongly supported at levels of 14640-14687.
A decisive breakdown , followed by a retest would be an ideal entry for SHORT.
Any Major Gap Down opening would be potentially received with aggressive buying.
For the market to fall to lower levels, it will have to open Flat and make its way through the support Zone at 14840-14880 followed by breakdown of the trendline and subsequently taken out the LOWS of 14640-14687
My Stance on the index is thus neutral and I shall be watching the price action as per the outlined trading plan on the charts.
Thanks
4STech
Power Of Triangle Breakouts and the Phenomenal Risk to RewardHi Friends and Fellow Traders,
Sharing a closed position today and the associated learnings. The P&L is marked on the charts for your reference.
NSE:CADILAHC
I have been a big fan of triangle patterns on 1H Frame or Higher. They take time to materialize but provide phenomenal risk to reward ratio.
I have been holding this trade for close to 60 odd days and the result is in front of your eyes. Did test my patience and also a few instances of recalibrating my position, however your
Conviction to the trade ,
Trading plan
Observation of the information being provided by the market structure and price action
Risk management
Position sizing
eventually decides the success of a trader.
This was a breakout from a descending triangle hence it was a counter-trend trade. Such trades can go south pretty quickly if the breakout fails. In this case , there was an area of earlier resistance which had the potential of turning into a major support as the market had gone in a range as per the recent price action. I was banking on this as the final fall back. Combined with Support and Resistance Breakout and Retest, I saw value in entering this trade and risk reward was favorable.
In the end the strategy paid off and the market responded to the support , breakout and major rally.
Note : Though you see the SL being triggered on the charts , the position was not exited