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Bullish Patterns

Tata Steel: Technical Analysis at it's very best...!!! 🙂🙂I have been trading Tata Steel since October 2022 and In the month of November this is what was posted for Tata Steel The stock was trading at 104.75 - Target given was 113 / 118 / 122 - also had suggested the importance of Green Line acting as support ( Click on the above chart for detailed analysis of November 2022) _______________________________________________________________________________________________ You can see now that Tata Steel has respected the levels identified with the help of Technical Analysis to perfection - green line provided the support - yellow zone acted as resistance for a good time - once above that, today it has given a big breakout trading 6% up for the day at 119.45 _______________________________________________________________________________________________ Our expectation was Tata Steel to hit our targets around mid December. It has achieved it in 1st week of January 2023. Not bad I guess.... In this difficult market, the idea has provided a nice 15% profit in little less than 2 months. Fixed Deposits will take 2 years to give that kind of returns. What more do you want from Technical Analysis. I sincerely hope the idea has helped you guys. If bought earlier, consider to book partial profits and Trail SL to 116. Book full profits as we get closer to red Line of Resistance. Let me know if you find the analysis and insights helpful. Do hit the Like button (itna haq toh banta hai 🙂) and Follow for more ideas like these...!!! Take care & happy trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATASTEEL
by indiamarketoutlook
Tata Steel: Showing signs of strengthTata Steel In my previous take I had suggested a Call short position given the set up at that time being bearish. That strategy played out well... Now the stock is at same level, however, In the current set up, - the stock is trading above 21 day EMA and 63 day EMA - the stock has tested the time and so far is managing to stay above the May 2022 low The stock is showing signs of strength. - Once above 252 day EMA which is currently around 107, the stock can potentially move towards 113 / 118 / 122 (Time looks ripe for the stock to retest the red line of Resistance Pattern gets invalidated if closing below the green line on weekly closing basis or for 3 consecutive days. Take care & safe trading..!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATASTEELLong
by indiamarketoutlook
Dogecoin buy-Inverted head and shoulder formingHappy new year guys,I wish this year we all can fulfill our dreams of becoming successful traders. So Here is another trades for you.Dogecoin is making a bull setup with a inverted head and shoulder pattern in 1h time frame.There is a strong resistance zone in the neckline of the pattern(0.07091-0.07158 level) which dogecoin is trying to break.A breakout candle is already seen in the chart but because of the strong resistance it can reject another 2-3 times.If it breaks,a buy trade can be initiated from here.It may take a retest after reaching the first resistance level(0.07448). So keep an eye on this trade.You may have hold the trade for 1-2 days.Happy trading.
Long
by marketshero
IOC: Retest of breakout done. Target 84-85 IOC Chart setup - Level of 73 acted as resistance between July 2022-Sept 2022 - breakout was observed in late November 2022 After a month the stock has again come back to retest 73 odd levels If the level is with held the stock can look to propel towards 84-85 odd levels and sequentially towards 90 odd levels ____________________________________________________________________________________________________ My strategy Consider buying Jan expiry 75 Call option between 1.6-2.1 ____________________________________________________________________________________________________ Understanding reward potential and Risk profile Any upside above 77 is the profit On the downside max downside at cmp is of 1.9 points per lot Take care & safe trading...!!! Do let me know if you find the analysis and insights helpful. To trade with me, Do Like and Follow for getting more trading ideas like these...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:IOC
by indiamarketoutlook
Ascending Traingle BreakoutGood Day, Hello Traders, Sansera is forming an Ascending Triangle. Keep 680 as Stop Loss one can go long for bigger targets Now the next targets lined up are 1006 and 1284 as per Fib Levels on Weekly Basis. Time Frame: Weekly Hold for 8 to 12 months. It also depends how market behaves, however the trend and the sentiment is bullish . Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:SANSERALong
by Piscean17th
Uptrend Continues in MAS Good Day, Hello Traders, See how beautifully it is following Fibonacci Levels as the rounding bottom is completed Now the next targets lined up are 909/ 971 / 1048 / 1188 Time Frame: Daily Hold for 8 to 12 months. It also depends how market behaves, however the trend and the sentiment is bullish . Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:MASFINLong
by Piscean17th
Gail: Triangle Breakout Gail India Return potential - 8-10% / 15-16.5% Risk: 3-6% Risk::Reward ratio is 1::3 / 1::2.5 - Rest Every thing mentioned in the chart. Use it to plan your trade accordingly...!!! Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:GAILLong
by indiamarketoutlook
Nifty: At 50 day EMA and my trading viewNifty In my last take on Nifty futures when it was at 18687, I had given a target of 18258. I exited from the trade in Futures very early ( I too am human and can get scared sometimes) and then went with some Call short position for better risk management. If you see the Nifty Futures chart now... Nifty futures made a low of 18231 / 18223 and so far has managed to stay above 18258 odd levels on closing basis. (400 plus points... Not bad to get the levels right at least from analysis angle) Coming to Nifty Spot chart we see 50 day EMA at 18191 and Nifty managed to stay a tad above so still there is hope for the Bulls for a late Santa Claus rally. Put Call Ratio is at 0.61 Given the set up, and data parameters, I would not consider any short positions for now. My trading setup: I would consider taking a bullish stance for the next 1 - 2 week with 18114 / 18080 in Nifty spot as my SL. If I see things favorable (on the downside Nifty should not breach 18114 -18080 levels), I would consider selling Put options as it provide some margin of safety. On the upper side if Nifty manages to take out 18244-18262) on hourly chart, I might consider some aggressive bets on the long side as well with 50 day EMA or 18178 as my SL . Pharma sector showed some promise today and could be the dark horse going forward. Keep a watch on the sector. Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYLong
by indiamarketoutlook
10
HPCL: A breakout candidateChart set up - We are looking at weekly chart of HPCL - after facing downward pressure from Line of resistance 4 times, it finally gave a breakout on the 5th occasion - currently it is back retesting the breakout - stock has support at 224 / 216 / 204 odd levels __________________________________________________________________________________________________________________ Trading plan Target for the given set up Short term - 259 Medium term - 296 / 318 (28 / 38% ROI potential) Keep SL at for extreme short term traders 223 for short term traders 216 for medium term perspective -203 ________________________________________________________________________________________________________ Understanding reward potential and risk profile At minimum we are looking at 13% reward potential against a loss risk of 3-6% ( Risk :: Reward ratio 1::2) At the highest target level we are looking at a reward potential of approximately 38% against a loss risk of 12% (Risk:: Reward ratio 1::3) ______________________________________________________________________________________________________ Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:HINDPETRO
by indiamarketoutlook
2