JKPAPER JKPAPER - reversal stock and breakout with good volume
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bullishpatterns
ARVINDARVIND:- Cup and handle pattern has formed on the monthly chart, if we get breakout then we can see movement to the upside
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
LINDE INDIA CUP AND HANDLE CHART PATTERN- Bullish Trend SoonThe following chart shows the CUP and HANDLE Chart Pattern of Linde India, Expect a Bullish Reversal Soon. A perfect Rounded Bottom was Converted into a Cup And Handle Pattern, giving more clarity towards the overall trend.
Make sure to Place your stop losses correctly, because last year we have seen a huge rally in this Stock. The Monthly Charts show a Perfect Evening Star. So make sure to go somewhere between Mid and Long Term.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
How to Do Swing trading in BHARTIARTL IMP LEVELS :
1) STRONG closing above 550 levels with the volume on 1hr
2) Good structure on D chart seems to be broken with already above avg volumes
3) IF sustains here only on D chart too or above 555 then A great upside can be seen in BHARTIARTL
4) Risk is 4% from 1hr closing candle buy point
5) Targets are - 580 levels than 610 levels in the near term ( 1:1 and 1:2.5 risk rewards ratio activated here )
6) Trade quality: Depends on the market ( NIFTY50 ) Bullishness too
12% Rites breakout - Backtesting my swing👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
👑 Strategy :
- Parallel channel
- Higher lows inside the channel
- respecting a good trendline supportive one inside the parallel channel
- good breakout with good candle and volume too
- gap not sustained and then accumulated there and now a breakout = good sign of breakout creation
- let's see if the market supports it or not !!
- Backtesting with small qty
- Make your setup on it use extremely less capital and lets hammer it out with good profits :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
DCAL gave 65% now what ? 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
Self-explained chart:
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
JUST ON THE VERGE OF A BREAKOUT ON A WEEKLY CHARTS!!!JTEKTINDIA: Has consolidated on lower levels and indicating for a big breakout completing inverse head and shoulder formation with a perfect bullish candle on the weekly charts. Can be bought here if the stock surpasses the current levels, with the targets of 145.
DalmiaSug: Buy at 106-107: Ascending Triangle BreakoutDALMIASUG Buy at 106-107
Stop-loss: 93.85
Target: 138
Risk 11.50% & Reward 30%
RR Ratio 1 : 2.63
Ascending Triangle - Continuation Pattern
With its “flat-topped” shape, the ascending triangle indicates that buyers are more aggressive than sellers. The ascending triangle forms because of a supply of shares available at a fixed price. When the supply depletes, the shares quickly breakout from the flat-topped trendline and move higher.
IDENTIFICATION GUIDELINES
1. The Shape of The Triangle – Two price trendlines, upper one horizontal, and the bottom one rising upwards form a triangle pattern. The two lines join at the triangle apex.
2. Formation of The Triangle – Price Should rise to hit the upper horizontal trendline at least twice or two highs then fall away. Price should fall to the lower rising trendline at least twice or two lows then rise. The upper one, horizontal top trendline need not be completely horizontal but usually is.
3. Duration of The Triangle – The triangle is a relatively short-term pattern. It may take up to one month to form and it usually forms in less than three months.
4. Volume inside The Triangle – Volumes tends to be slightly higher on bounces and lighter on dips. Usually, the volume is low just before the breakout.
5. Pre-mature or False Breakout – Because volume is usually low just before the breakout or at the apex of the triangle formation, it takes very little activity to bring about an erratic and false movement in price, talking the price outside of triangles. Typically, a false move corrects itself within a week or so. The pattern immediately will be suspicious without an accompanying high volume breakout. If there’s no pick up in volume around the breakout, investors should be wary.
6. Breakout – Price closing above the horizontal line with high volumes confirms a breakout. Price will move up and away from the formation. Volume is heavy and continues to be heavy for several days.
HOW TO TRADE AN ASCENDING TRIANGLE
Trading Rules.
1. Entry – Buy the stock the day after a breakout. If you miss it, wait for the throwback then buy when price resumes the breakout direction after the throwback completes. When you missed and, If you Don’t Get A Throwback too then Don’t Chase The Stock Price, Believe Me, It Certainly Won’t Be The Last Ascending Triangle Ever Happened.
2. Price Target – The technical target is derived by computing the vertical height of the triangle at the start of a formation. Add the result to the price of the horizontal trendline. The Derived sum is the minimum price target.
3. Taking Profit – For short-term traders, sell when the price reaches near to the price target as computed above. For intermediate and long-term traders, hold the stock as per your risk & capital management applied before entering into a trade.
4. Stoploss – usually, price closing below rising lower trendline is a stop-loss. But very often, The gap between both Trendline is very high. So it won’t be suitable for a good risk-reward ratio. Without a Good Risk to Reward ratio in trading or investing can never create a wealth. Always pay close attention to RR ratio. It Must Be above 1:2.
FALLING WEDGE PATTERN ( REVERSAL OR CONTINUATION)Reversal or Continuation Pattern
Falling Wedge
Prices are moving downwards, forming lower highs and lower lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a reversal to the upside. This means that you can look for potential buying opportunities.
IDENTIFICATION GUIDELINES
1. The Shape of The Falling wedge –
Two price trendlines both sloping downwards, the upper one following lower highs and the lower one following lower lows. Both trendlines must slope downwards and eventually intersect.
2. Formation of The Falling Wedge –
Prices should hit the upper trendline at least twice(2-4), then fall away. Prices should fall to the lower trendline at least three lows(1-3-5), then rise up and be giving a final breakout. When you see less than 3 swing lows and 2 swing highs between the downsloping trendlines, be cautious about it.
3. Duration of The Falling wedge-
The Falling Wedge has a minimum duration of 3 weeks and it rarely exceeds 3 or 4 months long. Anything less than 3 weeks of duration likely to be a pennant formation, not a falling wedge.
4. Volume inside The Falling Wedge –
Volumes tends to be decreasing through the formation.
5. Pre-mature or False Breakout –
Because volume is usually low in The Falling Wedge formation, it takes very little activity to bring about an erratic and false movement in price, talking the price outside of trendlines.
6. Breakout –
Price closing above the upper downward sloping trendline confirms the breakout.
HOW TO TRADE A FALLING WDEGE
Trading Rules.
1. Entry –
Buy the stock day after Prices closing above the downward sloping upper trendline. If you miss it, wait for the pullback then buy when price resumes the breakout direction after the throwback completes. When you missed and, If you Don’t Get A pullback to the lower rising trendline then Don’t Chase The Stock Price for buying.
2. Price Target –
The technical target is the price which was a starting point of the downward sloping upper trendline.
3. Taking Profit –
For short-term traders, sell when the price reaches near to the price which was a starting point of the downward sloping upper trendline. For intermediate and long-term traders, hold the stock as per your risk & capital management applied before entering into a trade.
4. Stoploss –
usually, price closing below the pattern swing low is a stop-loss. But very often, The gap between the pattern swing low and breakout price is very high. So it won’t be suitable for a good risk-reward ratio. Without a Good Risk to Reward ratio in trading or investing can never create a wealth. What is the point if you are losing big and earning small? Learn to trade patterns like a pro to get maximum profit out of it.