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Buyzone

SAIL Analysis | Can you enter now ? 🔰 MY thought process : ⭐ I have studied all the past data and made a good buy zone here if it comes to my levels that is this zone and gives me a conviction pattern on lower TF or then I will activate a trade :) well if gets higher and higher I will simply leave the trade and move on to other good stocks in the market :) ⭐A good pattern or trendline or a good bullish candle on 50 dema = A good sign to keep an eye on it again and than a good entry on lower TF is what i will prefer :) ⭐No good entry signs for now 🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) 🔰 {Some info} ➼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 :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:SAILLong
by Averoy_Apoorv_Analysis
17
GBP/USD LOOKING AT BUYS ON GU FROM 1.35900-1.36000Looking at buying gu from a better price from the area 1.35900-1.36000 current trend - bullish - we can see gu has been making higher highs but now we are stuck in some sort of wedge we have stopped making higher highs but also we have kinda stalled at the 1.37 level looks like this is a very good level of resistance as it has held up more than once.It has been held up around 3 times over the course of the month this looks to me like it won't hold much longer and will break above this level and fill the imbalance at 1.377 and then all the way up to the 1.42 region this lines up with the 5th wave on my Elliot wave looking at 4hr structure everything suggest to me that GBP/USD will continue its uptrend and break out at some point for this reason I will only be looking for buys its very bullish no point trying to sell But for now we can look for buys up to the upper G1 or even back to the 1.37 zone from a better price. conflunces for gu buys 1. Higher highs on long term and short term time frame 2. S1Vintraday 20/01/21 3. LOWER G1 4. Also lines up with intraday fib 50% 5. Bullish trend line 6. 1hr candle imbalance 7. usd bearish long term confluences for target 1. upper G1 2. INTRADAY R2 3. -0.50% BUY LIMIT - 1.35900 STOP LOSS - 1.35750 TAKE PROFIT -1.36900 RISK TO REWARD 1:7 overall verdict ; Looking at price right now we can go straight to my target but lets wait and see how price plays out hopefully come to my buy zone looks like we could see a very nice move from this region . BULLISH= Looking for a little pullback before entering a buy Look out for bullish reversal candle in my buy zone then you can enter or just set a limit order if you see strong bearish price action around this area do not enter (DO NOT ENTER THIS TRADE IF WE BREAK BELOW OUR STOP LOSS THIS TRADE WILL BE INVALID IF WE BREAK BELOW 1.35750)
Long
by Carlos44