PI Industries Analysis !! Broke Out.📈 PI Industries 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above previous swing high of 2680 .
On Buy Side I am looking for Targets of 3090, 3338 and 3500.
StopLoss should be kept below 2600-2620 zone.
It offers 1:3 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Futures
Trent Analysis !! Broke Out.📈 Trent Ltd. 📉
This broke out from a Resistance Zone of 1175-1200 and closed above it .
On Buy Side I am looking for Targets of 1400-1450.
Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept below 1125-1150 zone.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Strong reversal showing WTI 1 hr Chart Fundamental Development : Oil was up on Tuesday morning in Asia opening higher after falling sharply during the prior session. WTI futures were up 0.97% to $99.50. Both Brent and WTI benchmarks ended the previous session down around 4%, with Brent tumbling as much as $7 a barrel during the session and WTI falling roughly $6 a barrel. China will keep liquidity reasonably ample in financial markets, the People's Bank of China said in a statement on Tuesday, a day after the central bank announced a cut to banks' foreign exchange reserve ratio to support the economy.
Short Term Technical View: As per bollinger band indicator WTI future is taking strong reversal at support level 95.80 , Technically RSI Indicator also indicate reversal in the chart and showing bullishness above 50 level and increasing volume at support level showing strong buying , As per my view If WTI break today days high of 99.85 and CB Consumer Confidence data release in U.S. Session also indicate positive so it will be great opportunity to buy WTI futures above 99.85 with the target of 101.75 and take a stop loss at 98.68 .
Alternative Scenario : If WTI future will not sustain above 99.50 level and break today low 95.80 and CB Consumer Confidence data release in U.S. Session also indicate negative so it will be great opportunity to short sell WTI futures below 95.80 level with the target of 93 and take a stop loss of 97.50 .
Tata Motors: Chart set up & trading strategyTata Motors
- Major Resistance around 500 zone
- Major Line of Support at 376
- Minor Resistance around 462 odd levels
- Minor Support around 418 odd levels
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Given the set up, my trading strategy: Short Strangle for April series
Sell 28 April 2022
510 Call Option
&
380 Put option
Various situations have been taken care of...
Strategy has a 9% ROI potential on margin requirement, giving a decent return potential as well as covers risk for a rise up to 518.65 odd levels on the upside and 371.35 odd levels on the downside.
For more trading ideas like these
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Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Coromandal Analysis !! Broke Out.📈 Coromandal International 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above four months high.
On Buy Side I am looking for Targets of 870 - 880 zone followed by 920-930 Zone.
Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept below 790-800zone.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
United Spirits Analysis !! BrokeOut📈 United Spirits 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above resistance 890-900 .
On Buy Side I am looking for Targets of 945 and 1005.
StopLoss should be kept below 860-870 zone.
It offers 1:1.5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Nifty: Chart set up and trading StrategyNifty
- Nifty seems to be in Consolidation phase
- Box size is roughly 440 points
- On Breakout Nifty might move towards 17900 odd levels
- if there is a Breakdown, potential downside target 16560
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Important levels and potential different scenarios have been discussed.
For the given set up, my trade strategy for Nifty is a Short Strangle for April series
Sell Nifty 28 April 16300 Put Option (@120)
&
Sell Nifty 28 April 18300 Call Option (@80)
The strategy has approximately 11% profit potential on Margin and provides Loss protection for a fall up to 16100 on the lower side and 18500 on the upside.
______________________________________________________________________________________________________________________
The strategy
- provides good return potential
- factors in different situations,
- gives flexibility to be wrong,
- gives time to adjust trade
- and thereby be in a better position to manage trade
_______________________________________________________________________________________________________________________
For more trading ideas like these
Like & Follow
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: Trading strategy for March expiryNifty has taken resistance today at 61.8% retracement level
Going forward important support and resistance level for Nifty
Resistance: 17320 / 17440 / 17620 / 17735
Support: 17051 / 16960 / 16820 / 16705
Suggested trading strategy
Given the set up,
One may consider selling Nifty 31 Mar expiry 17700 Call option and 16700 Put option simultaneously.
This Short Strangle Strategy has 11% yield potential till 31 Mar expiry
Importantly, the strategy has Loss protection for a fall up to 16473 on the downside and on the upside for a rise up to 17927
Take care & safe trading....!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BTC/USDT Hourly BreakoutBitcoin has broken out from a triangle pattern and this might trigger a rally towards 44000$. 44K being a stiff resistance can cause reversal at higher levels. A minor Resistance is also seen at 42500$ which could also act as a trend reversal point.
Breakout might retest in the trendline which could be a potential safe entry. Price needs to sustain above the broken trendline for bulls to act. In case of a fakeout Bears will enter and drag the price further down.
Monday's Setup [Bank Nifty] BankNifty was Bearish today with a Gapdown opening.Now it is trading at 34376.35 just below the important Fibonnaci Level i.e 0.382,there is a resistance from the above trendline and also it didn't break the psychological level of 35000.There is a support zone from 34200-34000,On Monday there could a GapDown opening the above level may support the price, one can entry at Bullish candle.
Bitcoin, whats next?Short squeeze in play. As long as sub 40k (39500s) hold, this has a high probability of playing out.
We have a lot of trapped bears looking to exit lower (at B.E), but we have this opp. to squeeze them more and potentially touch the comfortable shorts too.
NFA, DYOR. Don't short unless you are scalping.
Good Luck.