Gold MCX Analysis | Pure price action #1well on D chart clear breakout done and now consolidating in a range a break from this range will give amazing upside :)
Happy trading :)
Consolidation
Ascending pattern + Insider bar + Island Chart | #Breakouttriple bonanza breakout it is :) if closes on these levels very good upside will be coming :)
⭐ 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.
Watchlist !!!The stock is consolidating after a breakout
can be bought above 82 for a possible target of 93/112
Note: Educational purpose only
ESCORTS AT VERY IMPORTANT LEVELOne can intitate Buy position in HEROMOTOCORP with target of 1175/1200/1250
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.
Lets learn and earn together #5| Discuss and Ask Anything Although I missed the chart :) but still learning gives future earning :)
A pattern you would love to trade | S01e06Big breakout ... buy only at days close above both the blue trendline + the green line ( monthly resistance )...
Consolidation Breakout in HGSHGS is expected to give breakout of the consolidation, Entry can be Above 1705-1707 with the SL below 1683.95 for the target of 1747-1749. The stock is consolidation in that range from last two weeks, Closing above 1700 can lead upto 1845
Long time no see Breakout | SpiceJetLets goo finally out of the down channel ... time to trade it :)
manage your risk...
positional hold till the near time high and SL can be near time low.
Coal India consolidation (Part 2)This is an update to my previous view.
As we can see after the formation of evening star pattern Coal India has started to consolidate. I don't see any further push into the remaining days till expiry this month.
It has a good support around 144. And will give a good buying opportunity if it further falls to 140 and below.
It is a also good opportunity for a short straddle on the current level for a quick scalp with properly defined stop losses.
BASF India - 2wk Wedge Breakout on 4yr Resistance lineTested the breakout area twice on weekly chart as well.
SL: Below BO candle
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
Note: I reserve the right to be wrong.
For educational purposes only.
Advanced Enzymes - 3wk Darvas Breakout at 5yr Rounding Bottom Consolidated for a good 3 weeks, now ready for a breakout (unless market throws up any surprises)
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
A pattern you would love to trade | S01e04vindhTech analysis has been done right .. time to take action with risk management and get the trade on time :)
Happy trading :)
The violet spots shows the higher lows made with respect to a great consolidation and now a little breakout done near resistance .... tgts are heavy with low risk :)
Pullback after breakout with low volume* This stock Pullback after breakout with low volume and also promoter buying 62 lakhs share average price of 118 to 120.00
HEROMOTOCORP AT VERY IMPORTANT LEVELOne can intitate Buy position in HEROMOTOCORP with target of 3000
A pattern you would love to trade | S01e02 | QuickHeal | FLAGTake the trade on 1hr as the same day trend line is maintained on 1hr too , u can go for other timeframes too if comfy with the risk ... i would say a good 20 to 30% UPSIDE IS POSSIBLE if broken for upside ..... if broken for downside = don't take the trade wait for the price to tell what to do next :)
Happy trading :)
A pattern you would love to trade | S01e01Buy if it comes out of this range . A big green candle is the sign for A go go :)
Remember : Buy only on Days closing time near 3:25 ...
Also don't risk all the capital . the % of the candle should be your SL and take position likewise
RKFORGE Breakout on Weeklyit has given consolidation breakout on weekly chart with good volume.
RSI is above 60 on weekly chart.
eyeing for 730-750
