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Chart patterns

SHORT - Bearish Flag at Trendline Resistance - Risk/Reward 1:5Short < 1338 Stop-loss > 1403 Target 1000 Risk/Reward 1:5 Piramal Enterprise - Price broke the upward trendline on 4th September and pullback but faced trendline resistance at 1403 and fall back. Price made a bearish flag and breakout of the same is a shorting opportunity. On a daily chart, the price made a lower high followed by a recent lower low and that confirmed the daily time frame trend as down. Looking at the Weekly time frame price is already in a downward trending channel. It took resistance at the upper channel line of the channel and fall back. Also, the 0.382 Fibbo retracement level of the ongoing downtrend on weekly acted as a resistance.
NSE:PELShort
by Equity-Earningz
6
Bullish Rectangle Trading Set-up - Awaiting Breakout Godrej properties - Price is consolidating and trading inside a bullish rectangle after a good impulsive move. Price rallied from 575 to 900+ in an impulsive move in June 2020, took resistance at 0.618% retracement level. The price is hovering between 850 to 950 range for the last 3 moths. A clear breakout is awaited above 965 to take a long entry. Sl should be below 0.618% retracement levels, i.e is below 925-920 levels. If price corrects form these levels and go below 840 levels before breaking out then this trade set-up becomes invalid.
NSE:GODREJPROPLong
by Equity-Earningz
Buy the Consolidation Breakout - Risk-Reward 1:5Entry 283.25 Stop-loss 269 Target 253 Risk - Reward Ratio 1:5 LIC HOUSING FINANCE, from May 19th to Uptill June 17th, LICHSGFIN had a strong impulsive move. Since the 17th June top, price is in consolidation and remained above the 50% retracement level of the previous impulsive move. There is a high probability that an ongoing consolidation breakout may result in one more strong impulsive move. Apply your money management before taking a trade, and trade management ones the trade is going in the anticipated direction. How I set the target? Target is equal to the range of the previous impulsive move, added to the breakout price. Nothing is a sure shot in trading, each trade must have a pre-defined stop-loss. How I set the Stop-loss? Here come the stop-loss placing methods which are always debatable. Books guide us to place the stop-loss below the swing low or below the lower line of a chart pattern in a bullish breakout. In this case, the Risk-Reward Ratio will be very poor because stop-loss will be 256 and the RR will be reduced to 1: 2.5 which I don't prefer in Positional Trading. So kept stop-loss below the probable support zone in the lower time frame. The disadvantage in this method is that the stop-loss is tight and may get triggered if there is a high volatility or price fluctuation, but I'm ready to lose accuracy over high reward. In trading, if you have 40 to 50% accuracy, it will be more then enough. With a good Risk to Reward ratio and 40 to 50% accuracy, is a winning combination. Many claim 80% to 90% accuracy and still, they are not on the Frobs richest list. If I get 80%-90% accuracy, "I will be The GOD OF TRADING". In Trading High Accuracy is a MYTH.
NSE:LICHSGFINLong
by Equity-Earningz
3
AUDCAD, wait for confirmed breakout and retest to Sell..Please Support this Idea with LIKE if it is Useful.... AUDCAD The price is close to Support/resistance level ,wait for the confirmed breakout and retest to sell,after a pullback If price shows rejection from the level I expect the price to continue lower.. For Entry: Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL.. Trade it with proper Sl.. In case, if price breaks above the support/resistance then we have to wait for a clear direction.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent
Short
by Stargazer_fx
2
AXIS BANK & DMART Analysis and trading setup |hindiHi guys this is Trader Kanishk this is the Analysis for DMART & AXIS BANK Points discussed in the video: Why to go long has it taken support trendline breakout new support levels new targets new stoploss levels entry levels for sharp entry and many more. Please Watch the entire video and GO for It DISCLAIMER Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position. One more very important thing Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
NSE:AXISBANKLong
by TraderKANISHK