QUICKHEAL | Excellent risk reward after huge breakoutQUICKHEAL | Excellent risk reward after huge breakout now perfectly retraced to previous breakout zone. Excellent chart for beginners to learn :)
Looks good for 50% upside move - Weekly chart hence it will be a slow move. Consider buying only for 5% of the capital, not more than that.
CMP : 155
SL : 135
Target : 240
1:4 risk reward setup.
CPR
SHORT opportunities for 15th April ThursdayThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
Nifty View For 15th AprilPoints to note down:
1. CPR Relationship: Overlapping Higher Value
2. VA Relationship: Overlapping Higher Value
3. Camarilla Relationship: Overlapping Higher Value
4. Normal CPR Width
5. Little bit wide VA
6. Normal Camarilla Width
Bullish Outlook.
Trade Setups:
1. If opens above VA and within Prior Day Range:
Wait for signs of reversal at VAH / S3 / CPR High and Go Long
2. If opens above POC:
Wait for signs of reversal at POC / VAL, and Go Long
3. If opens above VA and above Prior Day Range:
a. If any 2 consecutive 5min candles in the first 3 candles are closing higher, Go Long
b. Wait for a reversal at CPR High / S3 / VAH, if the price falls back into the Prior Day Range.
4. If opens below VAL:
This is a strong rejection of the bullish view. Go short if any 2 consecutive 5min candles in the first 3 candles are closing lower.
NIFTY & BANKNIFTY TRADE PLAN for 9th Apr - MondayThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
SHORT Opportunities for 12 - 16 AprThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
NIFTY & BANKNIFTY TRADE PLAN for Monday - 5th AprilHello All,
Please watch this video completely where I have clearly mentioned the possible Entry and exit levels for both NIFTY and BANK NIFTY for Monday as well as for the following days till next week expiry.
Further to get these accurate levels, you can subscribe o my Indicator and follow the levels it plots. For live guidance you can join my daily live session during market hours on my channel PIVOT EDGE.
If you like my analysis and also the Indicators that I have published, you can press like button and follow me on Trading view.
Happy trading.
Mohan
NIFTY & BANKNIFTY TRADE PLAN for 22nd March - MondayI have tried to explain the key levels to watch out for mondays session and also on how to trade at these levels. Kindly watch the full Video and use those levels to trade.
For further ease of trading, you can use my Indicators which will give the accurate levels during the live session.
Happy Trading
NIFTY Short opportunity for 18th March - ThursdayThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
Airtel Analysis Intra day1) CPR is lower than the previous day CPR level, it indicates Trend will continue tomorrow. Now the trend is downtrend.
2) If Airtel opens below previous day high the price will test the PDH and come bak to CPR @ 532
and if it breaks the CPR level it will test S1 or PDL or Major reversal zone which is highlighted in pink.
3) If Airtel open Between PDH and 3day low, we need to wait to candle close above 3day low the the target is R2 and 3DH.
4) If market opens below CPR the S1 and PDL and major reversal Zone.
Watch Out for Ascending Triangle Pattern Break-Out in "JublFood"Jubilant Food , forms "Ascending Triangle Pattern" on hourly time frame as well as 15min TF also.
Above I gave all the details with Stop & target & this could be a nice rally for those who missed Biryani Treat from JublFood.
you can also research it and post it in the comment section.
Educational Breakaway trade in IGLAccording to Franklin Ochoa in his book relating to pivot points, IGL today classifies as a good "breakway plan trade", since following condition is satisfied:
confluence of opening 15 min price:
1. breaching previous day range
2. breaching previous day R2
3. breaching current day R1
4. succesfully testing todays R1
5. Narrow range CPR stocks