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Continuationtrade

Uptrend Continuation- Triveni EngineeringHello all, I am here again with one more strong stock. The purpose is not to give you any call but to make you learn how to analyze a stock:) The stock after giving a good uprun, went into correction mode. Interestingly, it formed a rounding bottom during this price as well as time correction. The volumes as you can see were almost dead during the declining phase of the rounding bottom while the volumes shot up as the stock moved towards the completion of the pattern. Today, it has finally broken the previous high created on 6th July with volumes. An entry at this point would give a good RR. SL can be kept at previous pull back which is around 192 (see on line chart). Takeaways: 1) Develop your eyes to see any pattern formation. 2) Keenly observe the price action. (in this case, the price correction from 6th July to 28th Sept was covered by just three green bars). 3) Focus on volumes as well with price. 4) Also observe the previous trend (in this case the stock is in a strong uptrend and is hence likely to continue it's journey) I hope you will all reflect on this analysis and learn. Do share your feedback/suggestions/advice with me in the comments section:) Happy Trading!
NSE:TRIVENILong
by Ankit_Oberoi
4000 coming for TCS?TCS, the leader of the IT pack, is in a nice uptrend. If we see a continuation of the bar formed today, we should be approaching 4000 odd levels in no time. One could initiate a trade keeping the following levels in mind. _____________________________________________________________________________________________________________________________ LONG ABOVE: 3853 STOP LOSS: 3767 TARGET 1: 3939 TARGET 2: 4025 _____________________________________________________________________________________________________________________________ Only initiate the trade if price sustains above the "LONG ABOVE" level for at least 15 minutes. Manage risk properly and trade your plan. Like and follow for more. :)
NSE:TCSLong
by Tradeception_
Will STOVEKRAFT make a new high? STOVEKRAFT has been in a nice uptrend and it had made a high of 1017 on 30.08.21. Since then it has pulled back to the 20 EMA and has formed a continuation bar today. It seems that it is poised to continue its upward trend and possibly make new highs. A long trade can be initiated keeping the following levels in mind. Only initiate the trade if price sustains above the "LONG ABOVE" level for 15 minutes. _____________________________________________________________________________________________________________________________ LONG ABOVE : 977.15 STOP LOSS : 915 TARGET 1 : 1039.30 TARGET 2 : 1101.45 _____________________________________________________________________________________________________________________________ Manage risk properly and trade the plan. :)
NSE:STOVEKRAFTLong
by Tradeception_
Will ASIANPAINT breakout of the range?After making a high of 3179 on 20.07.21, ASIANPAINT has been consolidating in a range. It recently seems to trying to push upwards towards the resistance and has formed a nice bar which indicates a possible coming breakout. A long can be initiated keeping in mind the following levels : LONG ABOVE : 3115 STOP LOSS : 3048 TARGET 1 : 3182 TARGET 2 : 3249 _______________________________________________________________________________________________________________________________________________________ Do wait for a 15 min candle to close above the "LONG ABOVE" level with good volumes for a better entry. Do manage your risk and trade your plan. Like and follow for more. :)
NSE:ASIANPAINTLong
by Tradeception_
ACC Continuation Trade.Most cement sector stocks seem to be resuming their upward trend after the recent pullback. Amongst them, ACC looks nice to be traded for a swing trade. After running from the 5th July pivot low of 1975 to the swing high of 2454 on 04th August, it seems to have pulled back completing its 38% retracement at around 2275. It also has pulled back to the 20 EMA and has consolidated there. After this it has given signs of continuation by making a bullish bar with above average volumes as is evident in the chart. _____________________________________________________________________________________________________________________________________________________ A long position can be considered keeping the following levels in mind: LONG ABOVE: 2364 STOP LOSS: 2311 TARGET 1: 2417 TARGET 2: 2470 For a better and surer entry, wait for a 15 min candle to close above the "LONG ABOVE" level with above average volumes. _____________________________________________________________________________________________________________________________________________________ Manage your risk properly and trade your plan. Like and follow for more. :)
NSE:ACCLong
by Tradeception_
CIPLA: Head and Shoulders breakdown. CIPLA had formed what seems like a head and shoulders pattern, from which it broke down from on 27-07-21. After breaking down from the pattern and range it fell from around 945 level to the 875 level. Since then it has pulled back quite neatly to the bottom of the range and has then created a huge continuation bar to the downside with above average bearish volumes. _______________________________________________________________________________________________________________________________________________________ One could take a short positional trade keeping in mind the following levels, do only initiate the trade if the price stays below the "SHORT BELOW" level for at least 15 minutes. SHORT BELOW: 909 STOP LOSS: 939 TARGET 1: 879 TARGET 2: 849 _______________________________________________________________________________________________________________________________________________________ Plan your trade and manage risk properly. Like and follow for more. :)
NSE:CIPLAShort
by Tradeception_
2
HAPPIEST MINDS going back up to 1500?HAPPSTMNDS is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback and 38% retracement. A long trade can be initiated on the daily timeframe. Only initiate the trade if price stays above the "LONG ABOVE" level for at least 15 minutes. LONG ABOVE: 1430 STOP LOSS: 1385 TARGET 1: 1475 TARGET 2: 1520 _____________________________________________________________________________________________________________________________________________________ Plan your trade and manage risk properly. Like and follow for more. :)
NSE:HAPPSTMNDSLong
by Tradeception_
LT LONG : All targets done.Please check my idea posted previously on 23-06-21. The trade has turned out beautifully and all targets have been reached and LT has closed at an all time high of 1618. LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes. LONG ABOVE : 1505 STOP LOSS : 1469 TARGET 1 : 1541 TARGET 2 : 1577
NSE:LTLong
by Tradeception_
Trading an Inside Bar After a Triangle Breakout - ContinuationCentury Textiles - Risk-Reward Ratio 1: 4.80 Long Above 345 Stop-loss 325 Target 438 Century textiles broke out of a symmetrical triangle recently. It formed an Inside Bar today after a strong up move yesterday. Two or more up days prior to inside days or bar increases the probability of upward momentum to continue after a breakout. Trading With Inside Bars Inside bars/days represents volatility contraction and a temporary pause in ongoing momentum. Inside bars can be traded with the trend or at the time of trend reversal. There are many variations in Inside bars. I'm not gonna write an article here explaining Inside bars. Just Google it. The idea is to go long above the high of yesterday's strong up move. Expecting the upward momentum to continue after today's inside bar formation or today's pause in momentum.
CLong
by Equity-Earningz
3