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Hhhl

UNIONBANK – Positional Breakout SetupPattern: Double Bottom | W Pattern Inside Channel Trend: HH-HL Structure | Trading Inside Ascending Channel Volume: Noticeable Build-Up DMAs: Trading Above Key DMAs Stage: Aiming for Stage 2 Breakout The stock is forming a double bottom (W pattern) inside a well-respected ascending channel, with a clean higher high–higher low structure and visible volume build-up. It's now trading above key DMAs, hinting at underlying strength. With price approaching a key breakout zone, it looks primed for a potential Stage 2 continuation. 🔔 Trade Plan Entry: ₹143.38+ (on breakout and daily close above) Stop Loss: ₹121.74 (closing basis ) Target 1: ₹151.72 Target 2: ₹172.83 Risk–Reward Insight 🎯 Risk from entry to SL is ₹21.64. Reward to Target 1 is ₹8.34 (~1:0.38) Reward to Target 2 is ₹29.45 (~1:1.36) While T1 gives a conservative move, the bigger play lies in T2 — the upper edge of a 1-year trading range. This is where smart money tends to scale in. 💡You don’t have to go full throttle on day one. ✅ Consider buying a test quantity above ₹143.38 to assess breakout strength. If the move confirms with strong follow-through and volume, you can look to add on dips or above T1 with a tighter trailing SL. This approach helps you ride trends without overexposing yourself early. The key is to stay mechanical and let the setup prove itself. ⚠️ Risk Management is Non-Negotiable Never ignore your stop loss. Don't chase. Stick to your plan and size positions according to your risk appetite. This setup looks technically clean — but remember: even the best setups fail without confirmation. Let price and volume lead the way. 📌 Disclaimer: This is not investment advice. I am not a SEBI-registered advisor. All content is for educational purposes only. Please do your own analysis and always trade responsibly.
NSE:UNIONBANKLong
by sagartharayil
4
Bank Nifty to Go Higher FurtherLook at the chart, NIFTY is already touched all time high and bank nifty to follow. November 4th it broke the accumulation range and started forming HH and HL. Momentum is too good. I thoughi it might correct today, but it is a gap-up open today and most of the day it remained within the opening range (or forming a typical day_) and closed little higher than the Initial Balance Range. H and C are same. no doubt of looking back. Session Volume value zone consistently moved higher . So far 5 Higher Value zones. as the momentum is high we can suspect s small interim correction before moving further. Price is clearly far away from the Ichimoku Cloud. that is another confirmation of mark-ups. We can expect 3 things to happen next 1. Market can go in range 2. Gap up gain and move ahead with conviction 3. Correct and move ahead. For options, you can write puts. you can buy call, or you can go for bull call spread BUY CE @ 27700 and SELL CE @28000 Prob. of Profit - 83.58% Max. Profit - ₹ +4,674 (33.95%) Max. Loss - ₹ -2,825 (-20.52%) Max. RR Ratio : 1:1.65 Breakevens : 27575.0 Total PNL : ₹ 0 Net Credit : ₹ 0 Estimated Margin/Premium : ₹ +13,767 recent news on Vaccine optimum will push the market higher too...
NSE:BANKNIFTY1!Long
by santhoshmurali