Risk Management trade in Reliance.Hi there!
Let's talk about this small trade in Reliance.
Reliance CMP:- 2524.05
-->From 30th sep to 1st Dec Reliance has formed HH and HL and was in Uptrend .
-->Since then Price is in correction and approached 0.618 Fib level of that up wave.
What's in my mind?
-->If we observe the price action there is an untested demand zone at this 0.618 Fib area.
-->If we observe the upper 2 arrows those mentioned candles and and their volumes saying that there was some distribution happened may be reason for this correction
-->If we observe the bottom arrow that mentioned red candle with high volume is a support breakdow n and may be the stop losses of previous long trades
What's my point?
-->Even if price continues to move down I'm expecting a pull back before that and this Idea is actually trading that pull back.
-->If my analysis goes wrong and price breaches this demand area I will exit with my stop loss and enter at next demand areas with new confirmations.
Entry setup:
Enter Long: 2480
Stop Loss : 2425 (70 rupees per share and one can plan their risk accordingly)
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating.
BSE
Long term vision for D-MartAvenue supermarkets Ltd. has been proven to be a vital business for country's consumer and it will continue to be.
Coming under 'necessary retail' I expect it to get hit lesser in any black swans from here-on.
Fundamentals are healthy and the chart is in the process of looking better, good amount of correction is over.
Expecting a fall from here of ~10% in the weekly block. Expecting it to run to new highs in the coming year.
A gain of over 90% is what I aim for if we get to buy in low 3400s
NFA--DYOR--GL
#Nifty 4th Jan 2023 | Falcon Trader AnalysisHappy New Year 2023 - Follow me on Trading View for daily Nifty50 chart.
Nifty is moving in upward trajectory with major resistance taken in Daily Chart and now headed towards 18337 levels and further up to complete red 3 wave. Yesterday US markets were closed / and Dollar Index move today has been only favourable for Nifty50.
With earnings season coming up, it looks like we will have last attempt for the up move to complete Falcon Wave C (which is comprised of 5 waves, and we are in bigger wave 5th demarcated in blue, as we completed blue 4, now we are in wave 5 blue. This wave 5 blue will have its on 5 waves marked in red colours. Now we are in 3rd wave red. - as shown in the chart.
Drop your comments. From Falcon Trader, most of times you will only get one direction.
Always use stop loss. Trade at your risk.
JSW STEEL JSW Steel Ready to break out. Multiple time faced resistance price of 769 to 775. Once break out with the volume. it will shoot like rocket.
Keep Eyes on JSW Steel.
note : this is only for education purpose. do your own analysis before taking any trader and consult your financial advisor before taking any trade.
Nifty 50This is a risky analysis I was trying to fit patterns here but couldn't fit any and the best fit I got was The cup and handle and which might not be right here but it looks more likely to be good and the analysis is that the market is more likely to go up if external factors don't affect them. I've set up the targets for both Bullish and bearish market. You can have them for the options also which may work the same according to this.
And as I've always said I'm open for any suggestions, corrections and anything which can help me learn this. Also check out my other ideas on my profile
Narmada AgrobaseThis chart analyze the fluctuation zone of the stock in which it may render most of the time in the current time but As the PE ratio of the company is 59rs which is too high and the company is currently so much overvalued that more chances are that the prices may drop and the there would be a significant difference. for short term I analyzed the chart and it has a bearish trend which has currently a fluctuation zone (marked with yellow lines). Intraday trade can be predicted from this chart if my analysis is not wrong.
Breakout on either side can be used as anchoring point.
But the MACD chart has the EMA's which are both with the falling wedge which concludes there are more possibilities of the stock price going down.
The trade:
BULLISH
BUY after breakout of 26
Target-1: 27.30
BEARISH
Sell after breakout of 23
Target-1: 23
Target-2: 21
Please Correct me if I'm wrong somewhere. and also check out my other analyses on the profile
Bank NIfty ChartHere I've provided both possibilities for the bank-nifty going bullish or bearish with their corresponding support and resistance levels. Though the EMA is pointing bearish its more likely to go bearish. But let's see what happens on Monday (02-01-2023).
Also I'm open for any corrections or suggestions you'd like to share with me.
LT forming a head and shoulder pattern with next support too farPositional traders can take good advantage of this opportunity, as the market is slowly turning bearish due to covid crisis world wide, we might see correction in individual stocks as well, here LT has formed a head and shoulder pattern and it is currently near its neckline, a solid breakdown from that point can make it fall to around 2075 levels.
INFOSYS:READY TO FIREInfosys ready to breakout . After breakout it retested what you can do from here is now buy 30% of quantity after it crosses previous day candle. else if it closes above trendline you can go with full quantity risk reward is good . what i want to you people know if you risk management is good you can be a success trader with 50% and you can mint enormous money. keep 5% as SL
This post is only for learning this not a financial advise . do consult your financial Advisor before taking trade
BSE Ltd. LongBSE Ltd. is a quality stock as it offers the holders promising fundamentals & the dividend payout is also good.
Possibility of Upside in sight if trend breaks the wedge. Good stock for long position.
Fundamentals: Good
Dividend: Good
Technical: Falling Wedge
Target: 590/616/641/704
Support: 559/545
Time Frame: 12-16 months
► ADVANCE PATTERN #25: BSE ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨️ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly ❤️ like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me on social media ( Link at the bottom ) for more updates and announcement 📣 regarding stock analysis.
▣ Key Highlights:
➟ Timeframe Daily Ⓓ
➟ FIB Retracement 50%
➟ Trend line ⍩
➟ Unique Confluence Ⓤ
📌 Levels are:
Entry: ▲ 590
SL: ✘ 545
Target: ➚ 620/715
RR: ☈ 1:3
Return: 20%+
Do your own study before Trade!!!
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
--------------------------------------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Buying Opportunity in HCL TECH.* Price broke the down trend line and came back for retest.
* This is a early buying suggestion as price didn't created a higher high (which would have acted as a confirmation).
So the Idea here is
BUY :948-950 LEVELS
SL :865 LEVELS
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*The long position in the chart is for representation purpose still I'd advise you to exit all positions at 1115 -1117 levels.
Good opportunity in ntpc for intraday swing trade50 ema on 15 minutes chart of ntpc, is acting as a resistance But in last trading session it closed above the 50 ema. If it sustains above 50 ema, a rally till 175 /180 can be expected.
180 holds highest call oi and 175 holds second highest call oi in 24th nov 2022 options series.