Balasore weekly viewtaken support at 50% retracement.
In upward channel. given Breakout on weekly chart
Breakouts
The Optimal Way to Trade BreakoutsNotes on the charts. For best results, Its better to trade in the direction of trend.
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Trade Safe, Stay Healthy.
Best Regards
Afraidtotrade
BEL INTRADAY BUYBEL has been a very broad range and going nowwhere but yesterdays close had a bit of volume in it. Tomorrow if BEL crosses 182.80-182.90 levels with good volume and RSI crossing to above 70 levels im going to buy it for targets of 183.95-184.40.
Stops will be at the breakout candle low. If the trade risk reward ratio is uncomfortable its better not to trade it or trade as per your own risk appetite.
TorrentPower : Channels, Breakouts & Trades !!!Today;'s close will determine the moves potential.
Its just with simple elliot counts & its not foolproof
Check at your end before taking the trade and I'm not sure about whether the correction will pan out same way or variations will happen but its Daily candles so you need patience, its not like My Nifty & Banknifty posts which happens within a day or two !
Happy Trading !
Nifty : The Ultimate Game of Risks !Note : Its 9400, not 8400 same mistake again ! :)
True to the title, Expiry is the risky game which everyone wants to play. Either you make money or wipe out whatever you invested in the last session of the Game. Yes, Read it again " Complete Wipe Out of Your Options value "
Before you should step in, you should know that very well. Bcos No-one gonna repay your money back, if you dont want to risk, stand on sidelines and watch how it goes, there is No harm in watching without investing. Bcos a Penny Saved is Penny Earned.
So here it is : i) There is no way Nifty is going to close below 9300's
ii) We are going to have false breakout on one side, I strongly believe, probably its downside false break
iii) At the very end of false breakout begins the expiry Game & Nifty Options play happens
iv) If we get direction ( 20% chances only ) continue option play on directional side ( rare possibility)
v) I have explained how I will be playing Expiry Game but that doesn't mean you should do same way. So Please check your plan n risk, its your money :)
Sorry about late post, was busy travelling in the morning, Just got access to Monitors :)
Happy Trading & Happy Expiry ! Once Again Either you Make something or WipeOut...Beware of it..
Tata Global- Trending Up It is been observed on daily and weekly chart that the price action is trending up and moving up at a high streaming pace. Now, It shall further reach to the next resistance levels at 150-152 levels.
Target1: 150
Target2: 152
Stoploss: 144
Breakouts: High Potential Returns It is been observed that some stocks mentioned below having great breakouts from pattern formation on daily chart indicating a high potential returns opportunity in the coming week. Buyers are in control and will take up prices quickly from here on.
Bharti Airtel: Target-380, 400 SL- 350
BEL: Target -1700 SL 1500
Yes Bank: T1- 1550 SL- 1440
HERO: T1- 3450 SL- 3250
Have a great trading week ahead,
Happy Holi,
Regards