✨TERM OF THE DAY✨ == LONG HEDGE (SOME VIEW SHARED AS READ WHILE)A *LONG HEDGE *
REFERS TO A FUTURE POSITION
THAT IS ENTERED INTO FOR
THE PURPOSE OF PRICE STABILITY
ON A PURCHASE.
LONG HEDGE ARE OFTEN USED BY COMPANIES
THAT KNOW THEY NEED TO PURCHASE A COMMODITY
IN THE FUTURE AND WANT TO LOCK
IN THE PURCHASE PRICE.
THE LONG FUTURES POSITION MEANS
THE BUYER OF THE COMMODITY IS
MAKING A BET THAT THE
PRICE OF THE COMMODITY WILL RISE
IN THE FUTURE.
disclaimer - shared as read.
Alwayzrachana
COAL INDIA VIEW - CONTINUATION 👇COAL INDIA VIEW CONTINUATION
GOING THRU SIMPLE TREND LINE CONCEPT>>>
A BREAKOUT @ 133 IS SEEN
OPENING TARGET RANGE OF = 142, 150, 162
STOP BEING 120
NOTE- VOLUME HAS PLAYED GUD ROLE,
MOST OF THE TIMES CLOSING ABOVE ITS 50ma
DISCLAIMER - FOR STUDY PURPOSE ONLY
OLD VIEW
UBL - VIEWBUY BASED ON (disclaimer - for study purpose only)
GARTLEY BEARISH PATTERN COMPLETION
BUY FOR TARGET 1245+, 1188 CAN BE IN BTW RESISTANCE
WITH STOP AS COMFORT
SUPPORTING FACTORS FOR BUY :->>>
***CONSISTENT VOLUME SUPPORT
***weekly oscillators neutral but strong buy support in daily frame
***weekly close above 200ma can give support
ITC - FRESH BUY LEVEL SUGGESTION USING RETRECMENT THEORY
ITC HAS GOT RETRACED MANY TIMES FROM 0.50 LEVEL
LOOKING @ THE CURRENT MOMENTUM A BUY HERE CAN BE PLACED
FOR TARGET 215-220
REASONS
BREAKING OF ROUNDING PATTERN
CONSISTENT VOLUME SUPPORT
TRIANGLE FORMATION
TRADING SUGGETION
BUY ABOVE 206 CLOSING BASIS
CAN GIVE A UPMOVE OF 10-15 PTS TOWARDS
0.618 RETRACE LEVEL
***NOTE - FOR STUDY PURPOSE ONLY***
COLPAL VIEW - CONTINUATION 🎯🎯🎯IN MY PREVIOUS SHARED IDEA
WE COULD CATCH THE MOVE FROM 1535 TILL 1560 WHICH WAS THE TARGET LEVEL GIVEN
FOR NOW IT HAS MOVED BEYOND TARGET LEVEL
CMP @ 1570 +++
WHAT NOW FROM HERE ???
PERSONAL VIEW:-
ON DAILY CHART, SCRIPT IS RUNNING @ TOP OF A TREND LINE
WHICH HAS BEEN TESTED MANY TIMES AND NOT BREACHED SINCE MAY'20
LOOKING @ THE CURRENT MOMENTUM THERE CAN BE A POSSIBILITY TO BREAK THE TREND LINE
AND GO FURTHER UP OR A DIP BACK TO OLD ENTRY LEVEL
POINTS TO BE CONSIDERED :-
>>> LOOKING @ MOVING AVG'S - SCRIPT IS FAR AWAY FROM 20, 50, 200 MA - BREAKOUT FAR AWAY HAS MORE STRENGTH
>>> VOLUME PART AS OF NOW HAS THOUGH NOT BEEN GREAT WHICH CUD HAD BEEN A GREAT FACTOR
>>> OSCILLATORS OVERALL ARE NEUTRAL
PIVOT LEVEL SUGGESTION :>
RESISTANCE 1 = 1570
RESISTANCE 2 = 1625
RESISTANCE 3 = 1745
PIVOT = 1522
SUPPORT 1 = 1460
SUPPORT 2 = 1410
SUPPORT 3 = 1300
TRADE SUGGESTION :-
* BUY ON BREAKOUT KEEPING ABOVE PIVOTS IN MIND
* WAIT FOR A DIP BACK TO 1520-1535 TO ENTER
***DISCLAIMER - FOR STUDY PURPOSE ONLY***
BELOW IS OLD IDEA POSE FOR REFERENCE >>>>>
AXIS BANK POSITIONAL VIEW - LONG SIDE - HOLDSREASONS
>>>. trianlge breakout
>>>: flag formation breakout
>>>: retesting breakout support line @ 612 level
THIS SERIES BUY FOR SWING TRADERS POSSIBLE @ CURRENT LEVEL
OR AT A DIP TOWARDS SUPPORT LINES
WITH 650-660-AS TARGET ZONE ON RADAR
disclaimer - trade @ own risk
✨TERM OF THE DAY✨ = MARKET MOVER (VIEW SHARED AS READ)A MARKET MOVER IS AN INDIVIDUAL
OR A FIRM
READY TO BUY OR SELL A PARTICULAR SECURITY
THROUGHOUT THE TRADING SESSIONS,
PROVIDING BIDS AND ASKS ALONG WITH THE MARKET SIZE OF EACH.
MANY MARKET MAKERS ARE OFTEN
BROKERAGE HOUSES THAT PROVIDE
TRADING SERVICES FOR INVESTORS
IN AN EFFORT TO KEEP FINANCIAL MARKETS LIQUID.
MARKET MOVERS ARE PROFITING ON THE BID-ASK SPREAD,
WHICH IS THE AMOUNT BY WHICH
THE ASK PRICE EXCEEDS
THE BID PRICE OF A MARKET ASSET.
TVSMOTOR VIEW - CONTINUATION TVS MOTOR VIEW CONTINUATION (disclaimer - for study purpose only)
BUY ENTRY WAS SUGGESTED FROM 483 LEVEL WITH TARGET RANGE 500-515
WHICH IS ACHIEVED
WHEN IT COMES TO PATTERN FORMATIONS
WE CAN SEE ON DAILY CHART
SCRIPT HAS MADE INVERSE HEAD & SHOULDER PATTERN
+ CUP & HANDLE PATTERN
COMING TO SUPPORT & RESISTANCE CHECK :-
THE SCRIPT IS NEAR THE LEVEL WHICH HAS BEEN
RESISTANCE LEVEL SINCE JAN'20
LOOKING AT THE MOMENTUM THERE SEEMS HIGH POSSIBLIBITY
FOR THIS LEVEL TO CROSS
AND IF CROSSED THE TARGET RANGE SEEMS TO BE
530 -588
A DIP TILL 480-84 LEVEL CAN BE TAKEN AS A BUY ZONE
FOR TARGETS - 500-510-530-588
A STOP FOR THIS SWING TRADE CAN BE KEPT NEAR 440 LEVEL OR AS PER COMFORT
below attached previous idea shared for reference
TWEEZER TOP - NIFTY - BEARISH REVERSAL ON CARDS TWEEZER TOP DESCRIPTION
>> BEARISH PATTERN, IDENTIFYING A RESISTANCE LEVEL
>> 2 OR MRE CANDLES WITH THE HIGH POINT ACHIEVING THE SAME LEVEL
>> CANDLES CAN BE EITHER COLOUR
PSYCHOLOGY
THE UPPER EXTREME OF THE SHADOW REPRESENTS AN AREA F RESISTANCE.
BULLS WERE NOT WILLING TO BUY ABOVE THIS PRICE, SO THE BEARS RETURNED IN FORCE
TO DRIVE THE PRICE BACK DOWN.
THE TWEEZER TOP FORMS WHEN 2 OR MORE CANDLE'S UPPER SHADOWS FORM AT THE SAME LEVEL,
CONFIRMING THE STRENGTH OF THIS RESISTANCE
AND THE LIKELYHOOD THAT THE UPTREND WILL EITHER PAUSE OR REVERSE TO A DOWTREND
TRADE PLAY -
NIFTY CAN BE SOLD @ CMP KEEPING STOP AT THE RESISTANCE LEVEL AND TARGET AS PER COMFORT
disclaimer - trade on own risk
STAY LONG ON TITAN ⌚BASED ON PULLBACK THEORY
STAY LONG WITH STOP 1380 ON CLOSING BASIS
WHAT IS PULLBACK ???
A pullback is a temporary reversal of the current trend, either up or down. The price action in the market moves like a wave:
- in an uptrend market, you will see price continue to increase but even whilst it is increasing, there will be times when price will drop. Then price rises up again going past its previous higher high (example form the chart above).
- in a downtrend market, the same but opposite happens. Price will continue to fall but there will be times when it will rise only to drop back and go down past its prior lower low
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