Granules - 1:2 Risk reward stock🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Break
PEL - Channel pattern breakoutPiramal Enterprise had taken a good breakout from its channel pattern and also retest done, so give an entry with appropriate Stop loss only after its breakout
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ITC: Target : Head and ShoulderWhat’s next? 1. 192 is support and point of control level 2. Head shoulder pattern gives a target of 160-165 which is next support after 192. 3. Wave truncation, wave 4 has reached to Wave 1 trajectory. 4. Break out of ascending diagonal channel 5. Volume dries up 6. Final qtr results on the way. **** short it below 190*****
POSITIONAL TRADE IN YESBANKAS PER THE PREVIOUS TRADE CALL ON YESBANK HAS BROKEN
OUT OF THE DOUBLE BOTTOM FORMATION
AND HAS MANAGED TO GIVE A PERFECT PULLBACK
SIGNS ARE GOOD TO GO LONG SO WE ARE ENTERING INTO
A POSITIONAL TRADE FOR THE COMING TW0 WEEKS
FUTURES TRADE
AUGUST FUTURES
BUY@387
STOP@382.5
TARGET@397
LOT:1750
QTY:2
Nifty : Breaking BadHi Guys, I was busy over last few days hectic schedule & in coming days also it looks like that but I try to post as n when I get time. Regarding PM's people say that I'm online but not replying, No guys, browser tab will be minimized most of time & so it will show I'm online but I won't even be around the trading desk :)
Here in our Nifty, its breaking bad towards 9600's zone , wait n watch for the break of zone to take bearish trades only scalping, if upside then extended scalping only. There is nothing much Nifty is offering as of now, so either wait for trade setup to form & if you are aggressive trader, enter based on break of support tight stops must.
Happy Trading !
Note : Missed to draw the move indicating Nifty upside on reversal :P
BankNifty : Finally from ABCD's to Cypher !First I had mentioned Gap Up n Down scenario's in Banknifty but as market opened I have changed it to one-sided scene.
(i) If trendline violated to upside wont sustain for longtime max 21650's only, then reverse to down
(ii) Touch n Play with trendline from Downside & Straight move to down
Today weekly expiry right ? Extreme guess work, BankNifty may reserve that downmove for last session.
Lets see how it plays out ! Happy Trading !
Nifty 79** or 83** let fed decide everythingIt is been observed that nifty -0.48% is in the final leg of Descending triangle on 15 Min chart. 15th Dec 0.89% opening will be the crucial level for Nifty -0.48% .
If open below 8170 will take it to immediate support 8150 levels which is a crucial support at present scenario. In case nifty -0.48% could not sustain at 8150 will take it to further down of 7910 level. Meanwhile open Above the triangle will take nifty -0.48% towards 8320 levels.
Oh meanwhile dont forget to look into the below one also.