The stock has formed a good support base at 210 since July 23. In recent sessions, there seems a support of 220.
There is a gap formed at the above side at around 236.
If maintain the support of 220 in the coming sessions, may go to test the gap at 236, and the further target comes around 245.
If sustaining below 220, there should be an exit.
This is my...
this research is the based on the past data of the market and at this levels reactions of market.
channel of trend is uptrend on daily basis.
and looking channel is nw high of market or near the all time high of market.
we can consider this research valid till mid of December 2023.
level 1 44400 -44600
level 2 44950-45202
level 3 45890-46265
The index has been traveling in a rising channel formation for the last year. This time it reaches the top edge of the channel. If doesn't sustain the above, a downward journey is possible.
We just see our risk-reward. Keeping a stop-loss of around 36400 on a closing basis for two days. or according to one's risk management. target seems 35700 or more.
The setup...
A few days back, we had mentioned that Nifty may fall towards 18820 odd levels
When 18820 odd levels came, despite gloomy world markets and our markets also going through a sell off, it was suggested that Longs could be initiated.
Results are in front of you.
Going forward: Buy on dips can be considered.
Till the time Nifty stays above 19030 - 18960 odd...
The stock has been moving in a parallel channel for the last 2 months. Now comes to breach upper level. If crosses the channel and sustains above, may go to 2375 or even 2500 in coming sessions.
If sustains below 2290/80, will go weak.
The risk-reward ratio is very good at this point.
This is only my personal view for learning and sharing purposes, not a trading...
Look into the chart. Stock moving towards proper buying levels after making a HIGH , so the trend is up.
Good to hold for Swing Trade / Short term trade.
It is clear from the chart that the price is near the breakout level of the rectangular channel. My setup is to see it bearish. But have to exit if sustains above 540.
The risk reward is also good in this setup.
Targets are mentioned on the chart. ( If works)
The setup is valid only if it sustains below 540.
It is only for learning and understanding purposes, not...
As it is clear from the charts, the price is coming to the lower level of the channel. if bounces from these levels, may go bullish, Expected target may be 520 or even 580.
The setup fails if doesn't sustain above 497 on a closing basis.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
entry level for long above 44250-270
stop loss level near / below of yesterday low i.e 44160-150 below
target zone is if break yesterday high and add more 200 + points(44400-44600) but carefull expires and all
Indian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses.
TTM EPS: 17.36
TTM PE: 5.43
P/B: 1.00
Mkt Cap (Rs. Cr.): 133,022
Dividend Yield: 3.19
Sector PE: 30.01
Book Value Per Share: 94.73
Some Positives:
Strong Momentum: Price above short, medium...
- CDSL is India’s largest securities depository in terms of number of accounts with the highest - -share of incremental growth of demat accounts.
- The total number of demat account investors in India reached over 12 crores, with more than 9 crores registered with CDSL.
- Highest Ever Quarterly revenue of 207 crore.
- Highest every net profit of 109 crore in...
The setup is simple to understand by the chart itself. The stock has bounced back from the lower support of the parallel channel. if the momentum continues, may go to 4250/4450 or even a lot more. In a bullish rally, it may go to 5300.
Sustaining below 3960 will show the weakness on the charts. it should travel inside the channel if considering a long setup.
This...
For the last 12 months, the index has been moving in a parallel channel. This time came to the lower levels. Today gave a bounce back from the desired level.
If momentum continues, the first target should be 33600.
Setup fails if breaches the lower levels of the parallel channel.
It is only for learning and sharing purposes, not a bit of trading advice in any...
DLF
Chart set up
- Stock is trading in an up trend channel since Aug 2023
- 21 day EMA around 550
- midline of the channel around 550
- currently trading at upper end of the channel
Trading strategy
Short Strangle strategy
Example of Short strangle
Sell 605 Call option and
Sell 545 Put option
Understanding Risk :: Reward
Net receivables in strategy...
Be careful with this pattern, sometimes it gives fake breakout and fall, if we get a breakout and confirmation candle we can look for the long position.
The stock price has been moving in a parallel channel in recent weeks. Can expect it to come to the lower side now. Also, a retest of the breakout at 10k levels seems due.
Other indicative actions are mentioned on the charts.
Risk-reward is good according to the setup.
Only for learning and understanding purposes, not a it of trading advice in any form.
All the best.
