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Educational post
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Head_and_shoulder
Head & Shoulders Alert: Jain Irrigation Systems (JISLJALEQS)
Entry: Above ₹84.36 🚦(Safe Traders Wait for a close above )
Stop Loss: ₹68.41 (SL: -19%) 🛑
Targets:Target 1: ₹106.52 🎯 (+26.2%)
Target 2: ₹136.84 🚀 (+62.2%)
Risk-Reward Ratio:T1: 1:1.38
T2: 1:3.27
Profit booking is subjective. Book profits as per your appetite.
📈 Technical Highlights:
Pattern: Forming a Head & Shoulders (Positional pick).
Volume: Picking up significantly 📊.
Candle: Closed below major resistance with a wide-range candle.
DMA Levels: Trading above 30DMA & 50DMA, showing strength.
Bounce: Taking strong support at 30 & 50DMA.
RSI: Bullish momentum ⚡.
⚠️ Key Risks:
Trading against the trend. If markets fall, the probability of this trade failing increases 🚨.
Quarterly Results: Around the corner 🗓️, so be cautious of sudden volatility.
💡 Risk Management:
Position Sizing: Essential due to a deep SL.
Proper risk management is key for survival in case the market turns against this trade!
📋 Disclaimer:
This is not investment advice. Always conduct your due diligence and maintain strict risk management when trading. 🚩
Positional Long : Aarti Industries
Aarti Industry has given a good correction of ~64% from its top due to weakness in its energy business, drop in Mono Methyl Aniline (MMA) margins ,and is trading near a important support area i.e 400 level.
Currently its following a descending channel pattern and has formed a double bottom pattern.
Earlier price has formed a Head & Shoulder pattern, & price descended ~25% which was due as per the H&S Pattern.
Given the headwinds looks like a good positional buy with a staggered accumulation approach in major dips.
⚡Note: This is just for analysis purpose, please do your own research before punching any orders.
🔍 For more technical analysis and trade setups, make sure to follow me on trading view.
🔗 Trading View: in.tradingview.com/u/DebasisT/
Indusbank | Trendline Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Supports
✅Check out my TradingView profile to see how we analyze charts and execute trades.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring our idea! We hope you found it valuable.
🙏FLLOW for more !
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✍️COMMENT Below your view
CHOLAMANDALAM FINANCEAfter the correction waves in the mark down stage of the price action, the accumulation phase is complete with a Head and Shoulder pattern. There is assurance in the base formation by way of a double bottom. The stock may not race fast enough but the trajectory seems to have turned bullish.
Perfect Time for a Long Entry.Natco Pharma has clearly turned it's way now, after a fall of more than 20% from it's ATH, is has shown some good reversal confirmations, first being it has take rejection form Fibonacci 0.5 level as well as From it's Important Support Zone, Second being formation of two Bullish Chart Pattern i.e. Inverted Head & Shoulders and Falling Wedge pattern and it has given breakout of these pattern too. There are higher probabilities of it going towards a New ATH.
Exideind | All Resistance Trendline Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Target
✅Check out my TradingView profile to see how we analyze charts and execute trades.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring our idea! We hope you found it valuable.
🙏FLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
INTL CONVEYORS by KRS Charts8th Oct 2024 / 10:02 AM
Why INTL CONVEYORS ❓
1. Fundamentals are Good despite having Low Stock Price and P/E Ratio is under 10. ⚡
2. Accumulations are visible at bottom side multiple times ❗
3. Golden Zone is satisfying on 1W TF and Now retesting Price on Resistance as well as on Golden Zone 🔅
4. In Feb 2024, Big Green Candle with Strong Volume justified as a Buyers Trap ✅
5.Also, for more Bullish Support, +OB with FVG is also visible as we can see in Chart. 📊
6. Today in 1D Price is at 100 EMA underneath 📌
Target for INTLCONV will be ~124 Rs Short Term and Further will be Revealed Later 👍
Bank Nifty - Formation of Bearish Head and ShoulderBank Nifty index is forming bearish head and shoulders pattern. Here are the key levels mentioned below:
Neckline : 50000 (activation point for the pattern)
Immediate Support: 49700 (200 EMA)
Potential Target: 46500 (if price pierces below 200 EMA)
Trend Breakdown: Noted breakdown of the uptrend line since October 23.
Make sure to keep an eye on these levels and monitor price action closely as it approaches them! If you have any more insights or questions about trading strategies, feel free to share.
BALKRISIND looks good for a swing tradeBalkrishna Industries (BALKRISIND) has shown a strong uptrend in the major trend and has recently formed an inverse head and shoulders pattern during the pullback phase of this uptrend. The neckline of this inverse head and shoulders pattern has been broken, and the stock has also taken support at this neckline, further reinforcing the pattern. These factors together indicate a high potential for an upward move in the near future, suggesting that BALKRISIND could see significant upside.