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.
19784-94 ENTRY LEVEL with the high of stop loss like 40 -50 points but wait n watch then . level 1 19720-40 level 19750-70 and above
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
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.
Levels are mentioned in the chart Take care and safe trading...!!!
The concept of the setup is clearly shown on the charts. The third time, the price is around 3540. If bounces back this time too, may go to 3690, 3800, or even more. It is a low-risk setup because if the price sustains below 3520 for a couple of days, the setup fails. one should exit below 3520 or according to the one's risk management. The above illustration and...
It can be marked that the stock has bounced back from 2290 twice. If crosses 2360 with momentum, can go to 2400 or 2460. MACD is showing a likely crossover. Sustaining below 2310 will show the weakness on the charts. Also, according to the setup (if works), the risk-reward ratio is good. Exit any trade, if it violates your risk management. Only for learning and...
The chart set up suggests support around 85-87 odd levels Minor resistance around 98 and eventual target for the set up could be 104-108 Risk::Reward ratio favors to go Long Take care & sage trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and...
Nifty In my last update had mentioned that above 19482 we could see a Short covering rally. From 19482 to 19689... Nifty has seen a good 200 point plus movement. With result calendar set to begin from tomorrow, watch our for the Support and Resistance zone marked in the chart. Any further uptick from here on, Risk::Reward ratio might not be favorable for Bulls...
Last time, we had suggested a possible short covering rally could come in the market if Nifty goes above 19482. That is what we saw on 5th morning, when Nifty opened gap up at 19521... made a low of 19487 and then came the short covering rally. That rally closed the week at 19653 just a tad below 21 day EMA. & there is a big Political NEWS of Israel war...
Nifty Nifty recovered 100 points from the lows of the day to close at 19436 (S2 19430) It formed a Doji candle reflecting a fight between Bulls and Bears Below today’s low, may open doors for a further fall of potentially another 100 -120 odd points Short sellers can trail SL to 19482 as sustaining above that, a Short covering rally may come in. FIIs...
- On the bounce 19560 odd levels acted as resistance - Nifty closed the day below 50 day EMA Let’s see what Data is telling us for 04 Oct 2023… Index Futures Retail traders added 14382 Long Contracts and squared off 4026 Short Contracts FIIs squared off 1327 Long Contracts and added 19261 Short Contracts Pro traders squared off 1061 Long Contracts and squared...
The chart shows that the stock has bounced back from 210, a support level for the last few months. Also, a retest area for the previous breakout makes it more significant ( if sustains above 210 ). If sustains above 205-210, may go to 235/252/267 in a short time period. If sustains below 205, will weaken the strength. Only for learning and sharing purposes, not a...
As you can see the stock is traveling in a range that is forming a rising parallel channel. If does not breach the lower side of the channel, we can anticipate the price to move up to 9000. This setup fails for the time if the price breaks down of the lower channel support. Only for learning and sharing purposes, not a piece of trading advice in any form. All the best.