KWALITY PHARMA - Bollinger Band ExpansionOn Weekly chart Bolling band is expanding on upside with high Volumes. Can show good momentum in coming week. Support is 637 and Target can be 1015
Bollingerbandstrategy
MACD Crossover - INDIGO📊 Script: INDIGO
📊 Sector: Air Transport Service
📊 Industry: Transport - Airlines
Key highlights: 💡⚡
📈 Script is trading near upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 3179
🟢 Target 🎯🏆 - 3385
⚠️ Stoploss ☠️🚫 - 3072
⚠️ Important: Always maintain your Risk & Reward Ratio.
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M C X MCX fut is trading inside squeezed triangle pattern & on BBands on an hourly charts with decrease in OI suggesting short covering.
Risk:Reward = 1:2
Could be bought with mentioned stoploss & targets.
Not to b missed breakout.
Crossover Trade - PFC📊 Script: PFC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is trading at Middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 432
🟢 Target 🎯🏆 - 458
⚠️ Stoploss ☠️🚫 - 416
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Descending Triangle Breakout - MAHLOG📊 Script: MAHLOG
📊 Sector: Logistics
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is giving breakout of Descending Triangle in Daily and Weekly Chart.
📈 It is trading at upper band of BB and giving breakout of it.
📈 Already Crossover into MACD.
📈 Double Moving Averages giving Crossover.
📈 Right now RSI is around 66.
📈 One can go for Swing Trade.
Weekly Chart
⏱️ C.M.P 📑💰- 444
🟢 Target 🎯🏆 - 485
⚠️ Stoploss ☠️🚫 - 428
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover - NAM_IND📊 Script: NAM_INDIA
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading near at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 60.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 521
🟢 Target 🎯🏆 - 560
⚠️ Stoploss ☠️🚫 - 506
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover - CENTURYTEX📊 Script: CENTURYTEX
📊 Sector: Paper
📊 Industry: Paper
Key highlights: 💡⚡
📈 Script is trading near at middle band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 58.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1491
🟢 Target 🎯🏆 - 1598
⚠️ Stoploss ☠️🚫 - 1438
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Crossover - IRCTC📊 Script: IRCTC
📊 Sector: Railways
📊 Industry: Travel Agencies
Key highlights: 💡⚡
📈 Script is trading near at upper band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 968
🟢 Target 🎯🏆 - 1049
⚠️ Stoploss ☠️🚫 - 933
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Breakout On D/W/M Chart - ISEC📊 Script: ISEC
📊 Sector: Stock/ Commodity Brokers
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages is giving crossover.
📈 Right now RSI is around 65.
📈 One can go for Swing Trade.
📈 Trendline Breakout on Daily chart.
📈 Rounding Bottom Breakout Soon on Weekly Chart.
📈 Rounding Bottom Breakout Soon on Monthly Chart.
⏱️ C.M.P 📑💰- 841
🟢 Target 🎯🏆 - 905
⚠️ Stoploss ☠️🚫 - 808
⚠️ Important: Always maintain your Risk & Reward Ratio.
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CHANNEL BREAKOUT IN INDIANB (INDIAN BANK)INDIAN BANK has got a strong channel breakout with heavy Volumes and RSI. Stock is also favourable as per technical analysis, Bollinger Bands, and other tools.
Capturing Short-Term Gains with Reliance.Reliance Stock Analysis:
Applying the dual bollinger band swing trading strategy to Reliance stock, let's analyze a recent scenario where the conditions were met:
Breakout Candle: On Dec 14th, a candle closed above UpperBand (20,1).
Volume Confirmation: The volume of this Breakout Candle was significantly higher than the volume of the previous two candles.
MACD Confirmation: Both the MACD histogram and MACD line were above zero, indicating positive momentum.
Previous Candles: In the two candles before the breakout, at least one was red and closed between UpperBand (20,1) and BASIS. Importantly, the red candle did not touch the BASIS.
Conclusion:
By following this swing trading strategy, traders can identify potential entry points in the short term, aiming to capture swift upward movements. However, it's crucial to remember that no strategy is foolproof, and risk management remains paramount in trading. Traders should conduct thorough research and consider additional factors before implementing any strategy.
PCJEWELLER: BB Squeeze Again!PCJEWELLER is again in narrow Bollinger Band squeeze which happens repeatedly with this stock (red arrows) and then it breaks out explosively up. RSI and volumes show nothing significant as of now. BB squeeze can lead to massive up or down break. Waiting if it will breakout again this time.
Bolling Bands Expansion in ALOKINDSNSE:ALOKINDS - CMP 21.5
⚡ Weekly Timeframe
⚡ Closed abv. Upper BB
⚡ RSI > 60
⚡ Rising Volumes
💪 Support - 18
🎯 Resistance - 35/44
Keep it in Watchlist! Expecting good upside 📈
For Educational purposes only. No BUY/SELL Recom.
v o l t a s voltas fut broke above upper bollinger band on WEEKLY tf as well as maintaing trading & closing above VWAP levels on daily basis with decent OI.
Risk:Reward is 1:4 very much in favour of bulls.
Could be bought & hold for Sept series with mentioned stoploss & target.
Double Bollinger Band Strategy :Double Bolliger band Strategy :
Tried to put in best easy way in the chart and simple explanation below :
What we need :
Two Bollinger Bands
1. Length 20 and StdDev 1
2. Length 20 and StdDev 3
Confirmation with indicators should be in same trend with candle stick trend
1. RSI (For trend identification)
2. Stoch (Entry and Exit confirmations / Overbought and Oversold confirmations)
Risk Reward Ratio : 1:2 or 1:1.5 or as per your risk appetite, above ones shown with 1: 2 RR
Rules of the game :
When ever candle stick crosses above/below BB with StdDev 1, that’s the entry. Any candle after this should be used as entry point above the earlier candle which crossed BB with StdDev 1, stop loss should be the candle stick (candle stick which crossed) high or low (sell/buy respectively) or middle line of Bollinger band which ever are nearer. Take profit is 1 : 2 or as per the risk appetite.
Avoid when :
• Long wicks or long candles which crossed the BB with StdDev 1
• If the candle stick trend is not matching with RSI/Stoch (all should be in following same trend path)
• If we don’t get entry within 2 candle sticks after the candle stick which crossed above/below BB with Std Dev 1
Stop Loss : Stop loss is the key here, please do not enter unless you understand how to calculate stop loss. Calculate Stop loss first before entry and it should be minimal say not beyond 40 points in Nifty as an example / acceptable loss in above example chart.
Result : Out of 7 entries 1 hit SL while 6 won. 7 wins with 80 points each vs 1 SL with 40 points make to 520 points gain overall.
Please do let me know if you have any questions would be happy to respond.
Please do like and share this idea. Thanks
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Nifty IT at good value and technicalsNSE:CNXIT
Its good time to invest or take positional trade in Nifty It
Use Nifty IT bees
or ICICITECH
or any Tech mutual funds
MAHINDRA & MAHINDRA FINANCIAL SERVICES - Multiple Indicators📊 Script: M_MFIN (MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY MIDCAP / NIFTY 500 /NIFTY FINANCIAL SERVICES
📊 Sector: Financial Services - Financial Services
📊 Industry: Finance - Non Banking Financial Company (NBFC)
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and going to give breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 229
🟢 Target 🎯🏆 - 259
⚠️ Stoploss ☠️🚫 - 217
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
TUBE INVESTMENTS OF INDIA LTD - Multiple Indicators📊 Script: TIINDIA (TUBE INVESTMENTS OF INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY MIDCAP / NIFTY AUTO / NIFTY 500
📊 Sector: Consumer Discretionary - Automobile and Auto Components
📊 Industry: Auto Components - Auto Components & Equipment's
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and going to give breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2933
🟢 Target 🎯🏆 - 3272
⚠️ Stoploss ☠️🚫 - 2758
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
'SWING' your losses into profits with 'SWING' trading strategiesIn prior posts, we have covered some great teachings about the market and,
in this post, we will elaborately cover the swing trading strategies. Let's start !!
->Definition of swing trading -: Swing trading is generally referred to as a trade carried out for a short time. Swing traders do not wait
till the price action opposes their direction, they are known for their prior moves.
They are good at identifying the shifts in market trends with the help of various techniques which are explained throughout this idea.
Swing trading strategies include the use of Fibonacci, Bollinger Bands, Channel Trading, Moving Average, MACD crossover, and better
understanding of chart patterns like Head & Shoulder, Flag, and Triangle Patterns.
We will discuss chart patterns, later on, now let's focus on the indicator strategies.
- >Swing trading strategies -:
->Fibonacci Retracement: The stock price tends to retrace, and swing traders use this retracement as an opportunity to enter a trend.
The retracement levels could be identified using Fibonacci Retracement, all you need is to identify the prior trend and if the price retraces to the 0.618 level and
again resumes the trend jump on it and ride the position till it reaches 0.236 level.
->Bollinger Bands : Most probably, the stock price tries to move in the Bollinger band, which is used by swing traders to initiate and terminate their position.
Firstly you need to identify the major trend, let's suppose it's bearish than when the price reaches the upper bound and there is a formation of a bearish candle
you could initiate a short position also when a bearish candle is formed at the median, there also you can initiate a short position.
->Channel Trading: Sometimes, stock price trades in a channel now this channel is used by swing traders i.e. when the trend is bullish they try to take long
position at the lower range of channel and book partial profits on median and wait for the price to reach the upper end.
->Moving Average: Here traders identify the major trend and take position according to it, with help of crossovers they generally prefer 10DEMA crosses 20DEMA.
->MACD : This is a simple strategy where the trades are initiated when there is MACD crossover but the cross should correlate with the trend.
My Observation-: These strategies could be more accurate if used to trade with the trend, i.e. if the stock is in an uptrend only take positions for a positive signal and just avoid negative signals.
Another basic strategy is to take a position when a script moves above the swing high or below the swing low, here the only thing to ponder is to manage your risk. Don't take over positions understand your risk appetite then take positions.
Meghmani Finechem Limited - Multiple Indicators📊 Script: MFL (MEGHMANI FINECHEM LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Chemicals
📊 Industry: Specialty Chemicals
Key highlights: 💡⚡
This stock pick is according to my study. I have use few indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
VOLUME
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1701
🟢 Target 🎯🏆 - 1829
⚠️ Stoploss ☠️🚫 - 1638
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Nifty Divergent AnalysisHello traders,
Here are few observations on Nifty that I would like to share with you.
✅ Tools Used
>> Bollinger Band (BB) (20,2)
>> RSI (14)
>> Candlesticks Chart (Daily)
✅ Reversal Trade Setup Criteria
>> Price outside the BB for the second time with a higher high (HH) or lower low (LL) formation
>> While price is outside BB for the second time, there is divergence on RSI (Divergence discussed below)
>> There has to be two Bearish/Bullish (as the case may be) candles, accompanying the above conditions, to take the trade
>> Target (at the very least) would be the other side of the BB
🚩Divergence is a condition when the price is making higher highs but the RSI is not. RSI would be either flat (at same level to previous swing) or lower. This means that the price is inching up but bulls are losing strength. Similarly, when price makes lower lows but RSI is making higher lows or is flat then this is also called divergence. It means bears are losing strength.
Now sit tight and observe all the setups shown on the chart (AB, CD, EF, GH) and see how they worked.
Recently Nifty made a swing high at 'I' but it was not an extreme condition because price was well contained with in the BB and not rushing outside of it. RSI was highly overbought though.
For the required setup, we need two swing highs peeking outside BB and divergence on RSI with two bearish candles to go short. Let's see if we get the same setup this time or not.
I hope you found this idea interesting.
Thanks for reading.
Bandhan BankBandhan bank gives a bullish signal today due to following reasons.
1. crossed and closed above @ 289.45 which is a resistance for last 2 months
2. on daily basis, closing price touched upper line of bollinger band, which is usually a bullish sign.
3. Supertrend likely to change its trend.
4. keeping a stoploss as a support.
4 Aug 2022 How to apply Ninja Scalping to Bank Nifty optionsHow to apply Ninja Scalping (Pull back method)
Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading
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