IGLTook breakout beautifully, buy in pullback or safe players buy above 405(Intraday).
Please do your analysis.
Daytrading
Day Trade setup for beginners Simple Trade Setup for Beginners for Day trade
Put three Horizontal Lines after opening.
These are calculated by various ways like Standard Deviation /ATR / Pivot points etc (I use algorithm)
1. Buy Above price in green
2. Open Price e in blue(actual value)
3. Sell Below in red
Second Set of Horizontal Lines
3 Targets of Buy in dark green
3 Targets of SELL in dark red
Place the Trend change timings as vertical lines (before market)
Price chart in Heikin Ashi 1min or 5 Min based on comfort.
Super trend (7,3) on top of this chart
Use the Standard Pivot points (use shaded and not just lines)
If we are on Positional SELL then put a line for BUY reverse number differently as this may be strong resistance/Support
If we are on Positional BUY then put a line for Sell reverse number differently as this may be strong resistance/support.
Things that worked for me.
1. Observe the market action of previous 3-4 days/1 week on the response to these horizontal price lines added.(before market open)
2. Make a note of 15/30 min Super Trend for Resistance/Support levels (before market opens and later as well)
3. Don’t trade in first 30 mins of opening and allow market to stabilize.
4. Not gaining Money is better than losing money and just HOPE is not a strategy.
5. No trade with high leverage /borrowed money and Psychology plays VITAL role in trading.
6. Big Traders try to trap retailers frequently by sudden sell /Buy in big volume to create false trend but Math’s can identify it!.
7. If open price is acting as support then Market tendency is to move UP and if the Open price is acting as resistance then market tendency is to move DOWN.
8. Simple trend lines will give a good amount of information on a 15 min Heikin Ashi chart.
9. Believe in use of Mathematics and Statistics along with any parameter that supports it in consistent manner including Astrology works better.
10. Prepare mentally before a trade. Keep calm, stick to a plan (prepared before trade starts) and no flip flop during trade.
11. Invest time to read about (Standard deviation-Mean-Probability-Skew/volatility/Fibonacci/Heikin Ashi).
12. Price always follows a predictable (yes!!) pattern (identified by Polynomial equations) and everything is scripted by large players.
IGL LONG BET AS PER RSI DIVERGENCE IGL HAS BEEN IN DOWNTREND FOR SOMETIME. NOW THERE IS BULLISH RSI DIVERGENCE ON THE CHART.
IT LOOKS LIKE LONG VOLUME CANDLE CORRESPONDING TO TODAY's LOW PRICE CANDLE HAS EXHAUSTED ALL THE SUPPLY AND AFTER THAT PRICE STARTED MOVING HIGHER.
HENCE IGL LOOKS GOOD ABOVE THE TRENDLINE WITH STOP OF BELOW 381.
3IINFOTECH Cup and handle pattern3IINFOTECH Cup and handle pattern formed in Day Time frame
Buy above 2.95 to CMP 3.25
Stop loss 2.19 below day candle close
Target 4.80
This is education purpose only.
Dileep MP IndicatorMarket profile is a way of analyzing the Institutional trader behavior who are really responsible for trends, doing this we trade along with the Institutional traders who are better informed.
"Value Area" is very Important thing in MP, so were the "Initial Balance", "Opening" "Range" Etc.
CADILAHC - intraday - 11-08-2020Buy above 407
Target - 410 - 415
SL - 402
*Strong resistance near 410-11 keep close watch near this price zone if open gap-up avoid trade for first 5 min
Disclaimer:
All charts are purely for educational and information purpose only.
Invest or Trade with the help of your financial advisor or on your own risk.
CADILAHC - INTRADAY 10-08-2020Buy above 394
Target - 398 - 402
SL - 390
Sell Below 388.75
Target - 385-384
SL 391
Disclaimer:
All charts are purely for educational and information purpose only.
Invest or Trade with the help of your financial advisor or on your own risk.
LOOKS GOOD BUY WITH SMALL STOP BELOW THE TRENDLINE.ITC IS A GOOD BUY WITH A SMALL STOP LOSS BELOW THE TRENDLINE FOR TOMMORROW.
TATA Steel TATA Steel Trading in Parallel Channel
Go long if breaks the pattern or short if resist.
Take this view only for educational purpose. Trade on your own risk.
Tech Mahindra Ltd.CHART ANALYSISTHIS CHART GIVES YOU KNOWLEDGE ABOUT Tech Mahindra Ltd.CHART ANALYSIS WITH SUPPORT AND RESISTANCE
TATA STEEL CHART ANALYSISTHIS CHART GIVES YOU KNOWLEDGE ABOUT TATA STEEL CHART SUPPORT AND RESISTANCE LEVELS
THIS CHART GIVES YOU KNOWLEDGE ABOUT STRIDES PHARMA SCIENCETHIS CHART GIVES YOU KNOWLEDGE ABOUT STRIDES PHARMA SCIENCE SUPPORT AND RESISTANCE LEVELS
TITANWait and watch how it react at resistance level
If break the resistance go long if not then short
Trade with your own Risk Chart is only for Education Purpose
Nelcast Short Term Trading ViewNelcast might break the red trendline and if it breaks then you may witness 53.50 followed by 56.
In case it breaks the support level, then there is high chances it may touch 45 levels.
Happy Trading
Akme Analytics
[Inside Bar] Motherson SumiBuy above 96.1 with Sl at 95.5
Sell Below 95.5 with SL at 96.1
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
[Inside Bar] ONGC Buy above 79.55 with Sl at 78.4
Sell Below 78.4 with SL at 79.55
~ Inside bar trades are generally aimed to capture the compression effect i.e sharp breakouts. Profits are
taken quicky or trailed in most of the cases and closed before market close barring rare cases where price action analysis suggests otherwise.
~Manage risk, reward will take care of itself
Triangle Spotted on Asian Paints - 4H Chart Hey folks,
Its end of the weekend. Hope you all had a wonderful trading week.
Asian Paint seems to be forming a Triangular Pattern with a key level supply zone 1710, 1715 levels. Breaking that level will see the price to test the above trendline.
Nifty is forming a parallel channel. Any break in Nifty will have its impact on Asian Paints too. Lets remain Neutral and wait for Breakouts/Breakdowns. (Find the parallel channel in Nifty 1H)
Have a Good Weekend. Leave your comments below.
Cheers.
This is my projection on MARUTI for tomorrowCause its constantly making an uptrend so looks like that's gonna be a small retracement for the next push so tomorrow will gonna be a downtrend on a lower time frame and it will good to get sell-side on MARUTI for tomorrow on a day trade basis.
