lets see if we can secure this trade with at least 1:1 RR. SL of just 40 points .
Candle close above 18020 will change every thing Until then its a good risk reward .
Closing below 17940 will be considered as proper weakness then one can plan for positional trades.
As of now not that much weakness but in smaller TF i have observed market breaking the structure and...
- After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far
- The tepid recovery is also due to rise in crude oil prices during the same time.
- Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series)
Keep a close watch if Asian Paints closes above 21 day EMA ( currently...
Here goes the best setup we have developed for the intraday trades in Banknfty which tracks 15 trading points including momentum direction and candle patterns. It also takes care f previous sessions and respective HH and LL sessions. Power packed system worth give a teying...Hurry Up !!
Let`s put this into the context of the Semiconductor Chip Shortages:
LRCX Lam Research makes the equipment needed to manufacture new chips.
TSM Taiwan Semiconductor is raising its capital equipment budget.
Earnings in 4 days! i expect to have solid gains.
On 4/16/2021 Credit Suisse Group Boosted Price Target to Outperform ➝ $750.00
NIFTY TRADE SET UP
everyone is bearish on nifty but as we have seen market has been eating all the movement by giving gap up or gap down opening.
i will have a slightly different approach in the market.
1. if the market opens gap down I will sell the put option around 11260-11236 sl 11180 .and sell call option on reversal around 11305 - 11330.sl 11370.
The stock needs to protect 262 -252 zone on closing basis for target of 306 / 332
Alternatively if the stock is unable to hold above 262 it may be a signal of further weakness and potential target on the down side comes around 236 / 206 / 196
Important levels have been identified
Plan your trade accordingly...!!!