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AUBANK - Contraction pattern below a very good support trendline🔰 MY thought process : ⭐Elliot waves for the uptrend ended while giving it an ATH now it has broken a serious trendline = downtrend but it's on its monthly support zones which were used to be resistance zones :) ⭐Also at 0.3 fibo so and making a good contraction pattern below the good uptrend line and 50dema, A buy would be initiated if it breaks the consolidation with power :) ⭐Risk will be: if it breaks the trendline for below = SL, Targets : at least ATM 🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :) 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:AUBANKLong
by Averoy_Apoorv_Analysis
9
Yesbank | Triple bottom | Accumulation > Breakout > Big rally 🎯🎉🎉HAPPY NEW YEAR 2021 to all the Tradingview Members 🎉🎉 Investment Trading opportunity ! Monthly Chart Alert !!! --Buy above =18.00 or CMP --Target = 44.95 --Stop-loss = 10.55 --R:R = 3.62 --Expected Profit = 149 % --Expected Holding = around one year only #Thank U For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) yesbank has formed triple bottom pattern at major support zone 2) History is repeating it self as it already shown same for 2 times 3) Accumulation is done & breakout as well 4) Volume is also good ....need to check the fundamentals as well Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:YESBANKLong
by ReviveTraders
78
KOTAK BANK : BUY/SELL algo demonstration HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position. 4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X. 5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low. While maintaining the position : 6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position. Exiting the position: 7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately. 10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal. No Trading Zone: 11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
NSE:KOTAKBANKLong
by TradingSutra