Futures
Nifty: Keeping patience, Following 2-3-5 Rule & getting rewardedNifty
Just following the 2-3-5 Rule. Those who have been following me will know that this is what we had predicted on November 01, 2021.
For first time readers, one can refer to our update provided on November 01, 2021 where we had suggested a possibility of Nifty rising up to Channel top around November 09, 2021, highlighted with a red arrow mark, when it might tentatively reach there....
You can go in the link above and hit the play button and see Nifty movement after analysis was provided. It has touched the channel top exactly around the red arrow mark... Let me be clear, I'm not here trying to time the market but here to identify levels and opportunities with better risk::reward ratios . As a trader, one should keep patience and be focused on that aspect of the trade . Point 3 is one of the best places to take a trade where RIsk:: Reward ratio is favorable (depending on the trend; which in this case is on the short side).
For details on the 2-3-5 Rule, one can refer the ITC post where I have explained the rule in detail, how one can look to trade based on the rule and what are the limitations.
Note: this is not a fresh recommendation now. Please refer the Nov 01 post where I have mentioned, in the comment section too, where can one look to go short (in the zone fo 18060-18160). We have taken our positions accordingly as per the plan. Those who have followed it have been rewarded today. 🙂
Take care & safe trading...!!!
And yeah, Do hit the Like button 👍 🙂 ( That idea got just 3 Likes 😒)
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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
BTCUSDTPerp again up for a movementBTC to 70k can become real by Christmas with such movement although some corrections seem pending a movement till 67-68k seems to be a short achievable goal.
reason to consider this pennant pattern as a valid one -
1. Uptrend
2. Good hourly consolidation
3. High ADX
4. Good Volumes
SBIN break outSBIN has broke an Important resistance level from which it had already taken rejections 4 times. This time break out and retest is complete Just wait for the bounce back and once it sustains above 164 and close above 166 u can comfortably Go long in it and put your target 1 as 493 but you can expect more
BEL: Chart set up and trading strategy BEL
Observations:
- Head & Shoulders pattern with stock trading at neck line
Target for the current setup 187
Trading strategy that one may consider:
Buy 200 Put and
Sell 185 Put to reduce your cost
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
LIC HSG FIN: Chart set up & trading strategyLIC HSG FIN
Observations
- stock is at important resistance zone
if this zone is taken out next resistance level is around 476-484 levels
- the red line of resistance and grey horizontal resistance line coincides around 484 on 28 October
- on the down side green line support on 28 October comes at 410 odd levels
Given the important levels
Strategy that may be considered
Short strangle
Sell 480 Call option currently around 9.2
&
Sell 410 Call option currently around 4.8
Max profit potential Rs 28000 per lot (yield potential of approximately 11.5% on margin requirement till Oct expiry)
Strategy has inbuilt loss protection for a rise up to 494 on the upside and 396 on the downside.
Take care & safe trading...!!!
Like & Follow for more such trading ideas
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
AXISBANK provides an attractive entry for Long positionAXISBANK has been staying above 800 for the last couple of days closings. The strength in BankNifty also suggests that banks may have a quick burst upwards. The risk reward supports a Long entry for the short term around 805. Targets would be 840, 860 and 900. Stop Loss would be any closing below 785 on daily basis.
Disclaimer - I have a position open on AXISBANK.
** Important Note - This post is my own study of the mentioned scrip and the views are given with reservation that they may prove to be wrong. I am not a SEBI registered analyst. Please consult your investment advisor before making financial investments.