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Channelbreak

AVADH SUGAR ENERGY (NO INDICATORS - ONLY PRICE ACTION)1) Firstly pretty good channel breakout 2) And successfully Retested the trendline with low sell off candles 3) You can aim for 530 levels for the target (i.e 1:2) and keep your stop loss below the breakout candle. 4) I gave the target levels in this trade. Actually, I don't set the target, I do take exit depending on price-action (and it varies from the person to person's conviction) 5) still if you want to set a target then go with 1:2 or 1:3 risk reward 6) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market) NOTE: I only use a simple Strategy that always gives superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good. IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
NSE:AVADHSUGARLong
by ONLY_PRICE_ACTION
Nifty analysis for this expiryWe are witnessing a bullish momentum in nifty, OI data has turn bullish. Technically price has given breakout in downward channel. 17200 holds important support and upside 17600 holds crucial resistance. If nifty holds above 17600, we can expect the completion of this correction. But considering current scenario, I expect nifty to trade below this level for one or two weeks. The Virus is proliferating at faster rate but it doesn’t seems lethal. In coming week, we will get further clarity on it. Suggestions : 1.Bear call spread at 17600 strike 2.Strangle; 17150 PE : 17550 CE
NSE:NIFTY
by OK_Rane
2
LT bullish ??LT bullish ?? Reasons/Traits : • Channel pattern breakout seen today • 1.618 Fib level breakout seen • Bullish since April • Good strength in RSI and strong uptrend is seen • Price is making higher highs • Perfectly following uptrend wave • 3 times earlier price tried to break the channel, now 4th time trying to break • Price making higher highs What can happen next : Scenario 1 : Price sustaining above 1770 can take the price to 1800/1900/2000/2100 Scenario 2 : Price rejecting 1.618 level can take stock to 1700/1600/1500 levels (1740 level is crucial to determine if stock wants to go down) Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:LTLong
by AdhigamaTrading
Parallel Channel analysis with VWAPIn this article, we analyze NSE:GRASIM using VWAP and parallel channel. A parallel channel consists of two parallel lines and a middle line which is equal distance from the upper and lower band of the channel. All of these three lines can work as great support and resistance as you can see in the chart. Along with candlestick patterns I like to use VWAP to make entries for my trades (Intra / positional) How can we use channel pattern and VWAP for confirming entries If the price finds support at the lower band of the channel we wait till a candle closes above VWAPto make a long entry, the target can be middle line. If the price resists at the upper band of the channel we wait till a candle closes below VWAP to make a short entry, the target can be the middle line or the lower band as per price action. Similarly, we can use the middle line of the channel to make entries. Now for the analysis of Grasim industries, we will use a similar approach. On daily time frame strong selling can be seen ( Candle with long wick above the small body) if price sustains below VWAP and uses it as resistance and breaks the channel from below we can expect a downward move of up to 2%. Profit booking and SL as per emotions. (I generally use VWAP as a SL too) views only for educational purpose
NSE:GRASIMEducation
by pranaytrades