Bigmove
JINDRILLWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
DMART LONG Dmart in sip and long term accumulation zone.
HOLDING PERIOD- 1-2 YEAR FOR BIG GAINS.
FEW CHECKPOINT -:
1. monthly and weekly rsi not in overbought zone.
2. price above 200 ma
3. similar chart pattern repeating again and its 3rd time.
4. Good fundamental with good results just taking a correction and soon will be ready for long run and newer highs.
5. june quarter sales increased compared to PY june quarters result and if compared previous quarter results are good .
Testing patience of long term investors and without pain there will no big gains.
JUST BUY ON EVERY DIP AND HOLD FOR BIG MOVE AND BIG GAIN.
All about Apollo Hospitals.Hey there I am back with another Stock analysis. This time we will discuss in short about Apollo Hospitals.
Here are some pointers about this stock.
Key pointers.
>>The stock, Apollo Hospitals, was in a consolidation phase within an ascending triangle pattern for about 20 months.
>>It recently broke out from this ascending triangle pattern.
>>After the breakout, the stock formed a parallel channel pattern followed by a HIdden trend line but then experienced a breakdown.
>>The stock has retraced back to the breakout area and is currently accumulating.
>>As visible from chart there is a long hidden trend line, where price has retested multiple times.
>>Factors such as sales and profit data might have influenced the stock's fall.
>>The current zone is being viewed as a potential accumulation area.
>>The RSI indicator suggests that the stock is not overbought at all.
Key takeaways.
>>Lot of people make mistake by taking entry just after trend line breakout but they forget to find a hidden trendline.
>>An engulfing pattern can indicate as a potential entry trigger if the market shows bullish movement.
>> we will place stop-loss right under the tringle pattern and put target till long trend line.
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Note: This is for informational purposes only. Do your own research before investing.
Huge breakout in Morganite crucible.Hello Smart traders Hope you are doing exceptionally well in you Trading journey.
This time we will discuss about another beautiful breakout stock Morganite Crucible (India) Ltd.
Technical-
Morganite Crucible (India) Ltd has shown a rectangle channel pattern breakout. It spent six years in a consolidating phase. During this time, it consistently tested its resistance level, moving back to its strong support. Recently, it retested its resistance once again, undergoing a pullback. However, this time, it found support at its pivot point, resulting in a significant bullish candle that broke through the resistance with strong momentum and higher volume. We can anticipate a higher returns as consolidation phase was really long.
Entry and Stop-loss level.
Currently, the stock is trading above the trend line and maintaining its bullish trend. If this upward movement continues and remains above the line, particularly beyond the R2 level at 1246, it could be a favorable time to consider investing in this stock. To manage risk, setting a stop loss just below the R1 level, around 1130, is recommended.
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Please note I am not SEBI registered. Do your own research before investing.
Remarkable Breakout in MPS LTD.Good morning Guys! Here is a potential trade set up for next week.
Providing you some pointers for MPS LTD.
>>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week
>> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern.
>> After witnessing breakout it has retraced back to its breakout zone and again bounced back as bulls got activated, it seems lot of juice has still left.
Sales and profits are also looking promising.
Now question comes, How to trade in this zone as it has already shown significant moves ?
So, Checks these pointers out to understand it.
>>Either we can take entry while it retraces back to its BZ level or it gives a good upward move after little accumulation.
>>IF it comes back all the way to 1460 that would be our trigger point.
>>Now in second scenario if it does not give a pull back then we will wait for little consolidation and if we find a sort of engulfing type green candle then also we can think of taking entry.
STOP-LOSS.
Now stop loss would be deferent in both the scenarios.
First scenario: Buying at Breakout Zone- we can go with 5% of stop loss.
Second scenario: Buying higher level- In this case we will have to with higher stop loss, that would be 12%.
Targets totally depend on your patience level.
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Please note- I am not SEBI registered, so do your research before investing.
Breakout in WIPRO ?Despite a negligible decline in Q1 earnings, Wipro has experienced a strong breakout today. While there has been some profit booking and a minor correction after the significant momentum, it would not be accurate to consider it a false breakout. In fact, there is still significant potential for further growth.
After a 50% correction, Wipro is now set for a promising upward move. The IT sector, including companies like TCS, Tech Mahindra, Mindtree, and Infosys, has recently shown strong momentum. This suggests that Wipro might join the rally and experience similar upward movement.
Considering the current price range we will not set the target more than 6% at this juncture. As an another strategy we can also wait for the price to give a pull backs to its breakout line and then taking the trade will make this trade less risky.
It was just my analysis. Do your own due diligence before investing.
triangular pattern breakout **Trade update
**After a long time period (almost one year) gave breakout.
** Triangular pattern with 4 touches on lower side( support zone) and 6 touches on counter trendline ( more the touches, breakout will sustain)
**This is a circuit script so the big targets can be possible in least time.
**Target 1st & 2nd all done .
** Do more practise and backtest the patterns as much as possible
** Happy Trading
KPIT TECHNOLOGIES CONSOLIDATION BREAKOUT COMMING AFTER FALLkpit technologies after correction in entire it sector is ready for another up move. it is bouncing between its 200 and 100 day moving average , which means a big move is about to come . it is also forming a small symmetrical triangle formation whose breakout is about to happen. if you see then the candles at the bottom or during this base formation have been very small , which means after correction there is some halt in selling and probability is that the buyers may come into picture now. so this stock looks extremely bullish also because of broad based it sector rally , and by the way this stock is fundamentally very good because of electric vehicle sector.
Barbeque Nation Can Give A Good Move Anytime.Barbeque Nation is forming a decent symmetrical triangle formation. it has taken 3rd support at the trendline and had also formed a rounding bottom formation which shows accumulation. Can be bought after breakout of upper trendline. MACD Crossover is also on a verge of happening, which helps the trend and big move. This stock is volatile and sometimes gives big movement and wicks, so have to be careful.