GODREJPROP | What a lovely consolidationGODREJPROP | What a lovely consolidation
Flag pattern in Weekly chart
Almost 68+ days consolidation in Daily time frame. Waiting for explosive move.
CMP : 905 (Strictly buy only 50% now) remaining can buy in dip at 850 or above 950 upon breakout
SL : 830
Target : 1105
1:3 Risk reward setup
(P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records analytics i post with the live status. But due to tradingview rule they removed all my charts all of a sudden. Hence i lost almost more than 65+ charts shared earlier. However i will continue to share the charts in future without link by abiding to the platform rules.)
Those who wants to track those calls just message me through the platform.
Consolidation
GODREJ PROPERTIES(Swing / Positional Trade) | RR 1:2+ | Type:- S&R
Reasons To Trade🤔 :- In Weekly Uptrend, Closed Above 200 DMA, Formed Bullish Candle On Support, (Consolidating) It Can Break Upside.
Entry :- 865 - 870
Stop Loss :- 828
Target :- 940 (If It Directly Breaks out Above Resistance, Then You Can Hold It More) Because It Is Consolidating Heavily In Weekly Chart.
(Risk Must Be Managed.)
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--Any Suggestions--
#Oct13 - TATACHEM (intraday)The stock has been trapped in a channel for a long time. So wait and trade the breakout at these levels :-
Buy above 305
Sell below 298.9
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
ICICI BANKICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation.
Stock is in short term uptrend above 380.
There is high resistance at 390 and 415.
Suggest to book partial profit at these levels if you have positioned it at below levels.
If there is good momentum in NIFTY and BANK NIFTY and if it sustains above 420 we can see the next level of 445, 480 and 490.
At 490 major correction expected and suggest to exit all position.
ICRAA perfect stock in this falling market where everyone is worried about their investments and portfolios turning red.
Lets understand the points:-
1) A beautiful price action where it broke out came down and then consolidated for a while and now ready to pickup the pace.
2) Price broke the resistance and as we all know previous resistance turns into support and in this chart also it is reflecting the same.
3) Break and retest is one of the most common phenomenon now a days reflecting it beautifully.
4) Consolidation at support level. Made a zone where people gathered all the quantity.
I hope all the points will help us understand how this trade can be a beautiful trade.
Fingers crossed Keep an eye folks. Happy Trading Cheers.
Disclaimer: I am not SEBI registered. Please trade with your own risk and trade carefully.
EXIDEIND - CHART SPEAKSPRICE HAS REACHED THE IMMEDIATE RESISTANCE, IF IT BREAKS, THERE IS GOOD CHANCE THAT THE BULLISH MOMENTUM WILL CONTINUE.
BUT SINCE AUTO SECTOR IS WEAK SINCE THEIR WAS A HUGE MOMENTUM IN THE PAST COUPLE OF DAYS, MAYBE THE STOCK WILL HAVE A CORRECTION. BUT USE THAT TOO AS A BUYING OPPERTUNITY AS "BUY AT DIPS" IS THE STRATEGY WHICH SHOULD BE FOLLOWED NOW.
IF YOU HAVE READ THE ABOVE STATEMENT, YOU HAVE SUCCESSFULLY BECAME MORE AWARE OF THE MARKET SINCE MOST DO NOT READ THESE STATEMENTS (AS THEY ARE SO BIG)
BEWARE OF FALSE BREAKOUTS
Look at the charts and make an informed decision.
Thank You
Happy Trading
Beware of risk involved in stock market and this is for educational purpose only.
BHARATFORGE - AN IMPORTANT LEVEL487.5 IS AN IMPORTANT LEVEL TO CONSIDER FOR BHARATFORGE AS IT ACTED AS A SUPPORTED IN THE PAST.
NOW THE SAME LEVEL IS ACTING AS RESISTANCE .
WATCH OUT FOR A STRONG CLOSE ABOVE 487.5 BEFORE ENTERING A LONG POSITION.
ALSO REMEMBER THAT ALL DEFENCE STOCKS CAN BE BULLISH FROM HERE
Look at the charts and make an informed decision.
Thank You
Happy Trading
Beware of risk involved in stock market and this is for educational purpose only.