Breakout-trading
CHOLAHLDNG- POTENTIAL BREAKOUTBUYING WITH GOOD VOLUMES HAS BEEN SEEN IN THE PREVIOUS TRADING SESSIONS. LOOK FOR A BUYING OPPORTUNITY IF IT CROSSES 615 LEVELS WITH GOOD VOLUMES. STOP LOSS 595. AN IMMEDIATE TARGET OF 630 CAN BE SEEN. 615-620 IS A STRONG RESISTANCE LEVEL IN THE WEEKLY TIME FRAME AS WELL.
Fermenta Biotech Limited- Fibo + Channel Breakout+ RSAMajor resistance: 330
Major support: 240
Don't buy the stock when it is cheap but buy when the price shows strength
The Indicator Used:
Panel 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2) Relative Strength Analysis
Comparison of Fermenta Biotech with Sensex along with MA of 36
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
Happy Trading :)
SUNPHARMA TRIANGLE 30MSUNPHARMA is forming a triangle pattern in 30M timeframe. It could a good trade intraday as well as positional. Although in triangle pattern the price tends to give both breakouts and breakdowns. But in this case SUNPHARMA is creating lower lows which means the stock is in a bullish mode. We can trade both breakouts and breakdowns in intraday when price crosses the high of breakout candle( in case of long position ) or when price crosses the low of breakdown candle(int case of short position). SL will be the nearest swing low. Happy Trading!
BAJAJ HOLDINGS LONG, AMAZING 200MA as Resistance LineYou can see, it is making a triangle and taking support from 200EMA while retesting.
Best Pattern.
On Monday today, with observation we can buy this
BUY BELOW 2800
SL: 2731 observation in 15 mins timeframe.
Target:
1st: 3150 (Risk to reward: 1:7)
2nd: 3280 (Risk to reward: 1:9)
I never trade with Risk to Reward ratio, less than 1:4