NSE:TATAELXSI has crossed the downward trendline but without much conviction.
Soon, it may see the levels failing to hold up and might trade below the range lines.
Stop loss can be maintained on the upward line.
BSE:DCBBANK after a strong upmove is at a good resistance level .
Will it be stopped or it will break?
As for me :
Might be halted and go down now.
Look out whenever it breaks it convincingly and then go long. Better yet when it retests for support.
Plan your trades !
HDFCBANK is making lifetime highs and is expected to go up further.
Everything marked on chart.
There's no chart above this, so target; you could set according to risk:reward.
Here, CMP = 1309
SL - 1277-1293 = (16-32 points)
Target - at least, 50 points for positional / 32 points for intraday.
Attention please ...
tomorrow is budget day and lot of movement is expected.
You'll get a lot of calls/ideas saying this will happen, that will happen, go long, go short, etc.
But, as professional traders, we know that predicting is not our job, our job is to make money.
Believe me, whoever tells you that he knows what all will be announced in budget and how...
I am entering into a long strangle.
This is an option strategy,
which is non-directional.
CMP - 97.6
Buying - 95 Put - @5.95
Buying - 100 Call - @5.35
Total Buying Cost - 11.30
I'll explain in detail in the comments after market hours.
CMP - 942.65
Infy has formed a pinbar on a strong weekly support .
Also, you can say it's a double bottom on recent data.
I have drawn the various levels you should be aware of.
Everything is there on chart.
You can trade accordingly with your strategy.
I'll update the idea whenever I'm watching it.
If you have any doubts, opinion or...
Happy Republic Day,
Here, I am sharing a good potential setup for ICICIBANK.
it's in an ascending channel, which you can see in the chart in related ideas.
The lines I have drawn have significance from previous levels.
I have marked prices accordingly.
Hughe volume also see in the last few hours increasing the probability of upmove.
here I have marked important price points which I suggest you mark and watch the stock.
I will list them down on 4 Grades, Grade 1 being the strongest and Grade 4 being the weakest.
Grade 1 Support - 257.4 , 254,3, 234.9
Grade 2 Support - NA
Grade 3 Support - 250.2, 243.75
Grade 4 Support - 252.9
Grade 1 Resistance - NA
As per my analysis,
it has broken trendline and if it stays above, it should touch
Target - 92
CMP - 86.85
SL - Below trendline
I try to give 1:5 Risk Reward mostly,
30% right should also make money ;)
Sorry, I didn't post this chart earlier, and you missed the breakout from consolidation area.
Now you can look for breakout from daily trendline, targeting next resistance.
Great risk reward ratio, as we exit below the trendline.
CMP - 1329
Target - 1410
Enter = Low of candle above trendline
SL = High of candle below trendline.
Follow or star...
I love to trade breakouts because of the amazing risk reward ratio they provide.
Even if we are wrong half of the time, we will still end up in profit.
So, here, Nifty has given a breakout above the 8462 line.
So strategy, would be long Nifty ( CMP : 8476 ) .
SL - 8462 ( 14 point risk as of now )
Target - 8616 ( 140 points reward as of now )...
NSE:HCLTECH - short term trade
Green Line is a good resistance on the daily TF too.
Blue Lines are the upward channel that's forming.
Watch out for these and trade when a clear trend emerges.
Will update the idea if I find one.
Comments and opinions are welcomed.