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Trade setup with fibonacci This setup is on daily timeframe. Stoploss at 0.38 level i.e. below the resistance line of pattern which should act as support now. If the 0.61 level is break the we will get the confirmation that the trend is changed. The uptrend will begin and 52 week high will be our major resistance and the target too. Because it's 52 week high it's strong resistance, so to go a little safe I will plan the target little below it. The RR ratio is not that pretty. It's 1.27. An example of price action analysis with fibonacci. This post for educational purpose only.
NSE:IDFCFIRSTBLong
by AkshayAdak
SBIN | Pre-Breakout(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Flag Pattern / Falling Wedge = Both Supported By Fibonacci Retracement (50%) & RSI Divergence (With Good Consolidation). INTRADAY = Entry :- After Clear Breakout or Retest | Stop Loss :- What Suits You | Target's :- What Suits You SWING = Entry :- After Clear Breakout or Retest | Stop Loss :- 347 | Target's :- What Suits You POSITIONAL = Entry :- After Clear Breakout or Retest | Stop Loss :- 345 | Target's :- What Suits You -- Look For Healthy Volumes . Or Get Ready To Exit The Trade. (Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade). Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market. FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ -------------Any Suggestions--------------
NSE:SBINLong
by CT143
NMDC | BreakoutPositional - Long Term Trade POSITIONAL = Entry :- 140-145 | Stop Loss :- 130-120 (Or According To Your Set Of Rules | Target :- Let It Show Weakness, Till Then Ride It. -- Look For Healthy Volumes . Or Get Ready To Exit The Trade. (Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade). Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market. FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ -------------Any Suggestions--------------
NSE:NMDCLong
by CT143
2
WIPRO | RR 1:2+ | Pre-Breakout(Intraday / Swing / Positional) Trade | RR 1:2+ | Type:- Pre - Breakout Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Ready To Break- Channel Pattern (With Good Consolidation). INTRADAY = Entry :- 428.8 - 430 | Stop Loss :- What Suits You | Target's :- What Suits You SWING = Entry :- 430 | Stop Loss :- 423.5/422.3 | Target's :- 442 POSITIONAL = Entry :- 430 | Stop Loss :- 416 | Target's :- 460 -- Look For Healthy Volumes . Or Get Ready To Exit The Trade. (Risk Must Be Managed.) :- Intraday & Swing = < 2% / Positional = < 5% (Good Risk Per Trade). Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market. FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ -------------Any Suggestions--------------
NSE:WIPROLong
by CT143
2
WIPRO | RR 1:4 | Pre-Breakout===================================================== ⭕ Positional Trading Opportunity ! Daily Chart Alert !!! ⭕ --Buy above = 368 (Breakout) --Stop-loss = 355 --Target's = 400 | 420 --R:R = 1:4 --Pattern's = Triangle Pattern | Flag Pattern #ThankU For Checking Out My Content , I Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) Wait For Clear Entry 2) Watch Out For Volume After Pattern Breakout / At Breakout Candle 3) All IT Stock's & IT Index Is In Uptrend , Stock Is Trading Above 200DMA 4) Overall Stock looking Bullish... 📈(Risk Must Be Managed.) 🙄Keep Your Eyes On Index ====================================================== Guys Check Out MY Related Ideas As Well, You Will Found Them Really Useful, GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if you found it useful ! ✍COMMENT Below your view ! ----------Any Suggestions----------
NSE:WIPROLong
by CT143
6