⭐ JSWSTEEL | Monday possible setup🔰 MY thought process :
⭐ Making an amazing descending triangle pattern after a really big move, a break of this trendline on 30mins/15mins = a possible good trade
⭐Plan: we want a break of 706 LVL with power and volume = a breakout of the setup = our trade gets activated :)
⭐Plan: Then we wait and do nothing :) that's the best way to earn money tbh :), people who start thinking what will happen exits the trade on a red candle which makes their trading career worse so just have faith in your RR management and keep an SL below that candle that's our small risk and targets are - 1)730 and if u wanna hold it than 760 are good ones :)
🔰Am I taking this trade: I might if I find it as planned :)
🔰 {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.
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Consolidation
Bajaj Finance | On demand of follower :) 🔰 MY thought process :
⭐ Well As nifty touching ATM once again so we can also see a good move in BJFin too, but instead it produced an evening star on the D chart = bearish sign, that too at resistance, Q is will that make it bearish = yep but only intraday basis, and that would be against the trend trade wrt overall market sentiments :), so I would not touch BJfin until it breaks through the lvl of 5834 or gives a breakaway GAP above that lvl = super bullish sign.
⭐It has taken support from the right place and gave a break of the trendline on Day chart = further up move also it retested its move = a smooth entry there too, now it is consolidating in a range :) which is good for us, as soon as the box breaks for above the trade is initiated.
⭐Which TF, well 1hr or 30mins would be better, patience is always better, but if your RR ratio is better on smaller TF then go for it :) as per your risk management system :)
⭐It's a good one I myself will keep an eye on this :) thanks for bringing this up mate :)
🔰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.
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SIYSIL Analysis | On demand of a follower :) ⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :)
⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it )
⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk gets minimal as u will exit the trade if it comes back to the triangle, then chances of manipulation increases and rewards = well if it sustains these lvls for the month than for upcoming days it might touch 362 lvls too, the time cant be predicated :)
⭐If someone takes the trade do see the Rsi too, if a close above the prev high takes place with RSI above 70 then trade will go smooth as a higher high on price with higher RSI will be made ( be careful with RSI divergence in such trades )
Intraday Bank nifty setup | 28-05-2021 bank is bullish and taking supports from 200dema and 50dema multiple times now :)
Accumulated on such lvls = what we need now ?
We need a break of fibo pivot lvl and today's high too in order for our trade to be activated here
1st pivot can be taken as 1st target :)
If it doesn't break and closes above today's high = leave the trade :)
This would have been my setup and thinking
NOTE: I don't trade in bank nifty bcoz i have a capital less than 10 Lakhs and my thought process is not risking so much in options or futures for now at least :)
NOTE: This is my work and thought process , no call :)
( I love to trade and work on setups so I did :)
Grasim | Plan and Logic🔰 Hello my friends, here is the story I see behind this stock:
⭐It's trading on all-time highs, the best thing is it has broken its Monthly resistance and now trading on it making a bullish ascending pattern
= a really bullish sign :)
⭐A break from trendline = SL and but don't go short :)
⭐Pattern: ascending triangle
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {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.
<<<<<>>>>>
Coal India | Huge breakout coming | See description for details🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: On 0.3 healthy retracement
⭐Pattern: Flag and pole :)
⭐Volumes: Are ok if u see a jump in volume in 1hr that's a bonus
⭐Hold if it closes above the pink line on the D chart that would be a huge breakout :)
⭐Closing above 160 will give huge upside, the pattern will be updated with lvls then
⭐Trade will be activated on 1hr itself
⭐Risk: closing below 140 on 1hr = SL and Target = Well winners don't put targets :)
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {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.
<<<<<>>>>>
SYNGENE | Read description for all details :)🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: Retraced 50% in the near term swing high and swing low = bullish sign
⭐It's a triangle pattern here also if u see it carefully its kind of A big cup and handle type too :)
⭐Volumes: Today's volumes on 1hr are huge too
⭐Trade is possible only if it closes near the 610-620 LVL range :)
⭐Making higher highs and higher lows on 1hr too before this possible breakout
⭐Risk : Todays low ---- Target: Hold it until u see a reversal :)
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {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.
<<<<<>>>>>
🔰 JUBLPHARMA | Read description for all information 🔰 Hello my friends, here is the story I see behind this stock:
⭐(Covids low - near time high )-FIBO made and saw that the stock retraced exactly 50%
⭐The white line u guys see is the fibo retracements, the stock also broke its 2nd last retracement imp lvl
⭐D chart as time frame and trade is positional basis :)
⭐Ascending Triangle consolidation at such good lvls + Breakout with volume and Power candle= Possible upmove
⭐Risk: 6% Risk and 12% target from today's closing :)
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year ELE 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.
<<<<<>>>>>
Coal India | Both side tradable Well if u see the big picture then it's like a good move then a correction = Still bullish and if gives a breakout above the near high = a possible trade according to your risk system :)
Also, we can see an amazing head and shoulder move + a downside flag too + bearish too :)
⭐ Pipes are buzzing | Amazing pattern waiting to be traded As we are going towards 100 followers :) which I didn't even expect can happen so fast :) Thanks to all
OK so now talking of charts !!
Pipes and pumps are buzzing and such good trades cant be missed by u all !!
Definitely plan it as per your risk and trade it like a trader :)
Targets can be near-term fibo extensions or even long-term fibo ext as it's trading on all-time highs...
Have a good day ahead guys and happy trading as well :)
Nifty InstaView 24 May’21: Knock Knock!
Nifty View: Benchmark index Nifty takes a break post the high momentum rally which we noticed last Friday. Today’s session was more of a consolidation of those gains without losing much-gained grounds. Momentum within the banking and realty space continued with metals stabilizing post a weak open. Nifty is now knocking the 100-point resistance zone within (15,250-15,350) which can offer some short term resistance, but eventually, the index should post a new life high soon. Once the banks slow down, it will be important for other heavyweights like RELIANCE to pick up momentum and hold onto the underlying uptrend. Continue with a bullish stance on the overall market.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Long HDFC Life | Buy on dips till 660 | Possible Breakout1. Around strong support zone 656-665
2. Retracement done from high to low (More than 0.618 fib level) , but currently above 0.618 fib level
3. Consolidation going from few days (possible breakout anytime)
4. MACD about to give crossover*
5. Taking support from almost an year old trendline ( starting from 12 June 2020)
5. Decent delivery percentage (around 40% on 21/ 05 /2021)
TIP : BUY ON DIPS TILL 660....(eg : if you want to take 50 quantity .. take 20 then if goes down take 15 more... then 15more and so on till 660
SL - 654
FAVOURABLE RISK TO REWARD = 2:5 (for Target ->725)
Feel free to share your feedback and queries.
A pattern you would love to trade | S01e10 A beauty pattern by this amazing stock at all-time highs, amazing bull flag, if u draw a fibo from covids low u will get a good 0.3 retracement and now a 0.2 will be broken once closing above the trendline.
Happy trading and trade with proper risk and be happy :)
HDFC DailyHDFC consolidation in a range. Could breakout the TL anytime. keep in radar for positional trading.