Bullishsetup
Bullish Rounding Bottom on Union BankA bullish Rounding Bottom Breakout pattern activated on the 4 Hour chart of Union Bank. One can create a fresh position in Union Bank at 79 with a stop loss of Rs. 74 for a target of Rs. 89.
Exit the position if the stop loss triggered on DCB.
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Bullish Flag & Pole B/o in ShalbyA bullish Flag and Pole B/O has been seen on the Daily chart of NSE:SHALBY
As per the current breakout structure of flag and pole one look in to it to create a fresh position at cmp with a SL 167 for first target of 197.
Exit the position if the stop lss triggered on daily closing basis.
The risk reward ratio for the trade is 1:2
Expecting a small favour from you to like, sahre and prmote the idea.
Your comments are most welcome.
The idea is for Educational Purpose only.
Power shows Power Power Grid Corp has broken out of its ATH on beautiful volume at an increasing rate with two big green candles and has now pulled back on decreasing volume which shows that there is less selling and more buying in the stock. This is an opportunity to buy into the trend as the stock is in a clear uptrend and looks bullish.
This is a riskier trade and hence I would advice a position sizing method that will minimise risk and maximise reward.
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Target: 1:2 Minimum/ Based on Price
Stop loss: 241.60 ( Below swing low)
( Updates will be provided)
Keep It Simple
Shalby Bullish Inverted Head & Shoulder Breakout on weekly chartShalby NSE:SHALBY has given a Bullish Inverted Head & Shouldwe Brekout. Breakout Level already tested.
So one can look into it to make bullish postion. Entry@128, Target@141 and StopLoss@123. Stop should be followed on weekly closing basis NSE:SHALBY
Triveni turbine weekly breakoutTriturbine stock has given a weekly breakout from rising wedge pattern.
Yesterday, the stock closed above 310 which was its ATH closing which was an indication for the breakout. 300-310 will act as a strong support now for the stock. It is better to wait for a retracement and watch the price action at support.
The stock is in uptrend and is looking positive as a positional trade.
Sharing this chart only for educational purposes.
TATA COMMThe stock is at a perfect level to buy, The volumes at the support level are very high, if the stock sustains this bulls can run for a long time.
I am waiting for stock to test 1200 levels again to buy.
People in FOMO can add few quantities at this level. and add more quantities when needed to average.
Dont hold the stock below the trendline
Wonderla can do wonders for portfolioWonderla had a strong supply zone in 445-455 range. Friday, it can gave a strong closing near 450 and today it gave a gapup opening.
The stock has also retested 445 levels today and looks strong for a bullish move.
Do keep in radar and use this idea just for educational purposes. Kindly trade with your own analysis.
Another stock from amusement park sector is Imagica which is also looking bullish. Reason maybe nearing summer vacations which can improve their revenue for Q4.
Target 1 achieved in JUBLFOOD | 4.3% mover This idea is a follow-up to JUBLFOOD
You can check the Link to Related Ideas ( Symmetrical Triangle Bo explained with 2 Targets in which 1 is achieved )
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
WaveTalks: Bank Nifty - Possible Ending Diagonal Setup at 35200Ending Diagonal Setup can complete in 35150-35250 zone.
Trading Strategy : Buy
Buy in 35180-35225 zone if Index halts & takes support
Stop Loss
Below 35150
Target
35700
35950
36275
Note - Ending Diagonal Setup gets invalidated below 35150 levels & structure has to be reviewed later.
Thanks for reading & Have a nice weekend.
CNXENERGY BREAKOUT-energy stock bullishThe energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement.
The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally.
The RSI stands at 58 and is indicating bullishness.
MACD is above the signal line.
I believe it's a good opportunity to go long on energy stocks
Below I have posted some charts of the energy sector stocks, do have a look at them, these charts are not provided to take trades on them but just to get a better understanding of cnxenergy.
Tatapower:
Jswenergy:
Powergrid:
Adanigreen: