Educational
Hindustan Petroleum - Buy on dips strategyStudy:-
Good structure; 2 Inverted H&S formation with double bottom. Increase in volume observed and 20 EMA for Vol is increasing. RSI is in overbought zone. After crossing 200 DEMA gained momentum.
Wait for retracement to happen as already moved substantially.
Observed buying during last hour. Expected to move up.
PCR - 0.99 and put writing observed at 240 level.
* This chart is only for educational purpose.
ColPAL on bullish Trend on all TFsOn all TFs Colpal share is on bullish mode & trading above the 50 EMA Level. Daily BO has been done & today we have seen the selling pressure at the level of 1425 & stock taken the pull back. So now long entry can be taken above the level of 1412 till the weekly Resist area between 1440 to 1445 as marked on the charts. Once this level crossed than shortly we can seen the level of 1475 to 1480. So add the stock in your watch list to see the price action.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Hindalco - Volatility SqueezeStudy:-
Selling is getting observed when the price is coming down. Diamond pattern is observed implies volatility squeeze. Expect a big move. Currently price is in no trade zone.
Wait for it to move and give break out. Position is getting build in 165 and 170 range in OC.
PCR - 0.82
As bullish hidden divergence is observed between Price and RSI hence probability is high of giving BO on the upper side.
NO Trade at present.
*This chart is for educational purpose only.
Camlin fine ScienceGood Volume. Cup & Handle pattern observed. Bullish flag pattern breakout. After accumulation phase again it has started it's journey. Keep in watch list.
It might halt a bit near 48.5 due to 100 DEMA. If it closes above 100 DEMA it will move to 54 range.
*This chart is for educational purpose only.
Bharti Airtel again at break out level.Clearly on all time frames again bharti airtel share on bullish mode & again trading at the breakout level as shown .So as of now long entry can be taken above the level of 575 for the target as indicated on the chart. once the major resist. level of 595 cross then stock will try to make new high. Also stock is trading above the 50 EMA on all TFs.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Cholamandalam Investment and Finance CompanyPCR - 0.69; OC looks bullish
Completed accumulation phase with high vol increase => Bullish sign
If it closes above 170 then it will reach 180-183 range.As it has given a break out from its accumulation range probability is high to move to 180 zone
Strategy would to buy on dips and hold.
*This chart is only for educational purpose.
CANARA bank share is getting momentum .Now on all TFs we can see the canara bank stock is showing strength . On daily time frame break out is already done, now it turns for the weekly breakout above @ level 109. So long entry can be taken here for the next level of 115-118 as this is no trading zone & the major hurdle for the stock. Once successfully cross this level then we can see more strength in the stock. so add the stock in your watch list. Now important point for all learners, previously stock has also crossed this level but could not sustain. so why we are confident because the closing of the stock is above the resit. level. This is called an advance technical analysis most of the Stock gurus teach these techniques in paid version...But here for your learning only.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Voltas Trade Setup & Elliott Wave Count !!TREND ANALYSIS & TRADE SETUP
Elliott Wave Analysis.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-8 Times
Apollo hospital short entry taken This is to share the trade taken on Apollo hospital today. During the first instance we are waiting for the break out from the trend line and as well as the higher resist. level to go long. This trade is to be taken as day trade on the charts of 15 minutes but no candle has closed above the break out level & Rejected immediately & went till 1358. We were waiting for the pull back entry as shown in the charts. Luckily we have short @ 1376 & out from the trade just above the support level of 1351. in this trade our SL level as shown is 1383 & our risk to reward is very good. our all members in profit today.
This is pure technical educational ideas shared with all of you to increase your knowledge ....In case any doubt feel free ask.
Asian Paints looks bearishObserving a H&S pattern; Broken the neck line. Expected the price to go down near 1600 and below it. If gaps dwn more downside towards 1580.
Option change looks very bearish as lot of short positions has been built today.
View negated above 1631 closing.
*This chart is only for educational purpose.
HCL Tech under selling pressure We can see the bullish trend has been seen in the charts of HCT Tech . Now as per the mark trend line break down short entry can be taken for the next level of 555. once the stock break the level of 553 we can see more bullishness in stock & below 540 level can be seen. So add the stock in your watch list for further action.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
BPCL intraday long taken in BPCLThis is just for your pure educational & learning, After the long break out of channel we have taken the long entry at the level of 365 for the target level of 375. This can be taken for intraday & swing entry. our most members of day traders already booked at the level of 370 & others are waiting for the next level of 375. Simple price and action trade.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Bank Nifty - Might come downStudy:-
PCR - ~ 1.01
Call writer has built short position.
Double top observed in 1 hr TF. Has broken the trendline. Today Closed below 20/50 DEMA.
If there is a GAP UP tomorrow then this might work. If flat open or gap down then probability increases to reach the target.
** This chart is only for educational purpose.
Bata india in Triangle patternAs per chart bata india share trading in triangle pattern. lets wait for the any movement either side of the triangle. Good results can be seen.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
BANK NIFTY SETUPTODAY BANK NIFTY GETS A GOOD RESISTANCE AT 20606 .
On 17th june 2020 , 20383 can act as good resistance ,if crossed can sustain can give a good rally of 20632 , 20755. 21225, 21604+
and if the level couldnt break at 20383 which acts a resistance . can tests down supports 19928 , 19753+
TRADE AS PER YOUR RISK