SBICARD | Gap filling opportunity - Potentially 12% CMP : 1016 SL : 985 Target : 1130 1:2+ risk reward setup
Nifty View: A frustrating trading session for the benchmark Nifty index as it lost all of its opening gains and face high intraday volatility. The index seems to be at at crossroad wherein 16,500 acts as an important decider of momentum and sentiment. A break below today’s low of 16,390 will infuse fresh selling pressure, so stay cautious and try to trade less...
BASML Long Filled gap of 1 June's gap down opening Stock is ready to give breakout Wait for a more positive closing Buy above 94.5 SL- 89.5 Target- 106, 122 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
What I see : I see good trendline supportive Earning about to come and price has fallen quite a lot about 12% from top This can be a good risk to reward trade if taken with proper system Rest is expalined well in the video Happy trading :)
∘ Rising wedge Pattern ∘ Descending scallop Pattern ∘ Gap fill pending
⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :) ⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it ) ⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk...
can be bought above 1135.5 for a target of 1158 (1.9%) Stoploss 1198 (3.2%) Risk reward ratio doesn't satisfy but trade can be successful
Nifty View: A disappointing close for benchmark Nifty index in today’s trading session - down over 100 points to close the recent gap with which it had broken above 15K. The index is now back to the zone of (14,900-15,000) which earlier had acted as a strong zone of resistance and now we are expecting support. If this 100-point range holds, then there is a big...
Nifty could open gap up and try 15044. if crossed and sustain we can see 15100-15133. High chances to open gap up & fill the GAP Dtd 10th May 2021 : TheCharts No Trading Zone between 14851-14766 Support 14678-14613-14528 Resistance 14953, 15044
Buy above the breakout with the target of 14960 Buy level 14350 with stop loss of 14254 .15 (stop loss on 15 minute candle close )
Stock is currently trading at very high valuations. If any fall happens in the market, affle India can see 1000 points corrections. 5140 is crucial level.
The major gap which was given created is finally filled and hence a breakaway gap was created and now i am expecting an easy target of 372,
SBI Long Taking support around 355-357 (50 Day EMA) also filled gap at 355 RSI breakout Buy above 365 SL-356 Target- 385, 408, 427 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
close below green support line opens more room for bearish traders what do you think ? disclaimer - trade @ own risk
NIFTY HR TIME FRAME : VIEW : Since the end of January 2021 nifty was in uptrend and after in late mid February ;Nifty turned sideways. Recent up move showing positive market structure with "higher high"(HH) and "higher low"(HL) pivots. But these pivots are overlapping ;suggesting me to be cautious to take long position in nifty. But I still keep my bullish stance...
This is purely for educational purpose only, trading gaps are high risk high reward. It gives us a reason why a particular stock/index bounced from a particular price. If you think any gap in Day TF is imp. just mark it and see how it goes before trading them.
Due to the earnings declaration the prices were hammered, and hence was opened as gapped down, Reasons For Selecting:- 1.Trendline acting as a support 2.Stock respecting Fibo levels 3.Double bottom pattern 4.Gap Filling. placing a stop-loss @ 375, Followed by the Targets 1 & 2