ADX
Inverted Head and Shoulders Breakout in KIRLOSBROSOn 23 sept 2022. NSE:KIRLOSBROS gave a breakout of Inverted Head and shoulders and Managed to close above the Neckline on Daily Time frame. ADX above 29 indicating that stock is going to trend soon.
TRADE - Positional trading
BUY - 369 - 372
TARGET - 482
STOP LOSS - 346
USDINR on verge of a breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/ (Buy Price-Initial Stop Loss Price)
4. sell 50% of your position on ADX cross of 40, keep the other half and trail the stop with Supertrend indicator or any other indicator of your liking.
After a consolidation sale March 2020, OANDA:USDINR is ready for a breakout. On closing basis It has already given breakout. If it crosses 77.16 with high volumes then one can consider buying it with a stop at 75.80. It has already given a breakout with high volume on 30 minutes chart yesterday morning which is a sign of bullishness.
StableF-Main and stableF-AdxPLot StableF-Main By E-nifty and StableF-ADx BY Enifty and Recommended timeframe for intrady is 3min or 5 min
Other than trading view You can use stableF-main as supertrend and stablef-adx as adx and dmi with below settings
stableF-main==>Use defalt settings i.e atr=23 and factor=2.7 or use atr 35 and factor 2.5 (for other than trading view supertrend)
stableF-adx==> use setting adx 7 and Dmi 14 (for other than trading view Normal adx)
BUY==> When StableF-main or Supertrend Provide BUY signal and below conditions must meet
1 => adx above 25 and IT shown with label as strong Trend
2 => +Dmi is above -Dmi
3 => and +Dmi is above 25
stoploss=StableF-main or Supertrend dotted line which is below the price
target= 1:1 or Blue crosses
Sell==> When StableF-main or Supertrend Provides Sell signal and below condition must meet
1 => adx above 25 and IT shown with label as Strong Trend
2 => -Dmi is above +Dmi
3 => and -Dmi is above 25
stoploss= StableF-main or Supertrend dotted line which is above the price
Target= 1:1 or Blue crosses
WIPROWipro has shown good strength and featured in the list of the strong stocks in the past 10 trading sessions, If we look at the setup, the stock is trading perfectly within a channel. Recently, it took support at the lower end of the rising channel and has crossed its key hurdles, The upper of the rising channel is around the 850 levels. In term of wave counts, wave (iv) correction looks like completed, and now wave (v) can be possibly unfold, If we assume that wave (v) can be equal to wave (i), then it can show the level of 815 upcoming, On the way down 20DMA and 50DEMA can provide immediate good support which are pegged near 648 and major support is recent swing low at 598.
All the key levels are mentioned on chart
Parallel channel structure
Wave structure could be like this
macd in weekly uptick
macd in daily positive and uptick and above zeroline
rsi in daily breakout and above 60 with uptick
adx dmi positive
bollinger band action
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
State Bank of India, Good breakdown setup#SBIN looks goods to short for a Rs 50 downswing. The stock has broken a good trendline which strongly acted as support till now. Along with trendline Relative strength, viz-viz Nifty has also turned negative. ADX is above 24 and trending and RSI also looks bearish. Scrip can be shorted once confirmed by good volume on the daily time frame for the target of RS 400 which can act as a psychological level and if broken 400 level can be trailed to 38% Fib retracement level
Descending ‘MARUTI’Today Maruti Suzuki’s Chart indicates a Descending Triangle pattern. But it will take time to complete the formation and get results. I believe one should use ADX and trade when ADX value goes above 25 along with the breakdown of the trend…
If both of the conditions satisfy it will be a great trade believe me!
NSE:MARUTI
HDFC at all time high.HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss.
Other indicators:-
Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe.
Trend= ADX's value is above 25 shows strong trend.
Relative Strength= HDFC is out performing both NIFTY50 and Financial Services Index.
Entry= above 2950
Stoploss= 2700
Target=3400
ITC: Short term & Mid term view- BullishTortoise may go like a rabbit on upcoming days bcaz of all indicators are positive in Day, Weekly& Monthly chart. Weekly MACD crossover may happen on upcoming week. Price is coming out from ICHIMOKU cloud in daily chart. These parameters will helps to reach the targets. It can go above the target levels bcaz MACD crossover may happen in monthly chart
NB Ventures - Short term view- BullishDaily indicators are bullish. As per pattern it may reach the target. Note: Aug 4th result date.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
SUNTV: Short term & Mid term view- BullishMonthly MACD crossover happened but the stock price not reacted and all my indicators are showing bullish on this stock. Daily MACD crossover also may happen on upcoming days. ADX trend is getting strong but price not moving much. It can shoot up on upcoming days. Price may move more than the target levels bcaz of the bullish signals in monthly chart.
Vijayaraghavan.K,
Kovilpatti,Tuticorin dist.
Cup and Handle on Astron Papers & BOAChart Analysis of ASTRON PAPER & BOA LTD.
• Chart Analysis- On the Hourly TF of Astron paper & BOA we can see that stock is moving in the uptrend channel Then making a Cup and Handle pattern which is bullish signal for the stock although we can see
Stock given breakout of handle but the breakout volume is very low .
so it is possibility of making a small cup then we can see a good volume breakout to achieve our expected targets.
We can also see the Positive divergence on the RSI .
And on DMI indicator DI+ line is above the DI- line and ADX line is also supporting which is 20+
Entry point- 62 - 63
Short term targets
• 65- 66
• 74- 75
Stoploss –
• 56
Disclaimer :- I am not Sebi registered Analyst please do your own research before investing .
GIPCL: Short term to Mid term view-BullishDaily MACD Crossover, Weekly ADX positive trend, and all other indicators showing positive signals. Monthly MACD crossover happened but still price not yet moved much upside. Monthly indicators also positive. It may shootup anytime but patience is important to hold.
Vijayaraghavan.K,
Kovilpatti,Tuticorin Dist.
LAURUS LABS LTD. • Chart Analysis:- On Hourly TF of LAURUS LABS LTD we can see that stock is making a symmetrical triangle which is a bullish signal but as we know market is supreme so patterns may fail . According our analysis stock will fall to our expected targets. We can confirm from 3 Indicators.
o RSI on daily TF is in oversold range which is bearish signal
o On DMI DI- line is above the DI+ line which is also a bearish signal
o On Bollinger bands we can see that the band is stretched and 20 ema is above the candle stick.
Short / Entry point- 679- 676
Short term targets
• 670
• 661
• 648
Disclaimer - I am not sebi registered analyst so do your own research before investing , i can be 100 % wrong.