Hindustan copper - High probability trade1.Hindustan copper near 200 Ema
2.Major confluence zone
3.Trendline breakout
4.Parallel channel breakout
5.Crossed major resistance of 136
4.RSI looks good
5.MACD above signal line
These kinds of setup have the best risk to reward ratio and should not be missed.
Buy above -136.50
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Highprobability
WAVEUSD BINANCESomething huge is coming!!!
Well a interesting scenario is happening in WAVEUSD. High frequency trade is unfolding in upcoming sessions. Consolidating since Nov 21 while remaining in down slope channel.
Having last support at 10$, below it, can reach to 2$.
Trade - Buy beakout of 16$ price level for Target -20$, above 20$ it should reach 26-27$. Buy again if breakout above 28-29$ for life time high in WAVEUSD.
Sell below 10$ for only one target 2$. If seller trapping happens at level of 10-11$, then only Buy with 1$ as Stoploss...
NTPC can go above 198.70 ??Answer is big yes !! NTPC s a power sector company with huge profits we can enter into this at this time if it sustains above it's level . Fundamentally it is very strong because it is just moving around its B.V and providing huge profits and dividend. If it goes up we can accumulate it in as percentage for higher returns .So, we can enter into this but if it falls from now at every break down we can accumulate and make it as average . We will see it above 198.70 in few months... Thank you guys ..
IN50USD on breakout!IN50USD is Nifty50 trading in the US and on a breakout with a huge long potential Target for Diwali 18166.6
FULL LENTH EXPLANATORY ANALYSIS ON JINDAL STEEL AND POWER.Few pointers from my analysis on JINDAL STEEL AND POWER.
1. The stock has been in a significant uptrend , making higher high and higher low formation.
2. The stock has consolidated for good amount of time in the big continuation flag pattern.
3. The stock has been respecting all major Fibonacci retracement levels and has in-fact retraced upto fibo .618 level , which is golden ratio, considered a very healthy retracement on an uptrend.
4.The stock has recently broke out of the flag pattern with decent volumes, can expect a good momentum going forward on shorter-term
5. On RSI as well the breakout and retest has happened.
Entry : can be taken near by 410-415.
Timeframe used : Daily.
Targets:
T1 : 440 (FIBO .236 LEVEL)
T2 : 500 LEVELS (ATH ZONE)
T3 : 540 (PATTERN HIGHT TARGET)
Stop-Loss : 373
Conclusion : overall the setup is Bullish and high-probability for performing going forward.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON MTARTECH.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON ACE.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON TATACONSUM.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON MAHASEAMLES.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON ASIANPAINT.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON HOMEFIRSTIn this self explanatory series i will be posting charts with pure technical analysis on charts without full length explanations , Traders can ask their in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON M_MIn this self explanatory series i will be posting charts with pure technical analysis on charts without full length explanations , Traders can ask their in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading
BEST PLACES TO LOOK FOR HIGH PROBABILITY TRADESHere are a few setups that I use in my day to day trading. They work well in all the timeframes and in all types of markets.
I am only showing bullish scenarios due to space constraint but one may also look for bearish scenarios which work in the same manner. Like Down trendline or Downward sloping channel; downward sloping MA; breakdown of a range; and price retracement back up to 50% of the down move.
Sometimes these setups also work in collaboration with each other. Like price pulls back to the MA and this level also coincides with a potential support zone or this level is also the 50% retracement of the prior up move. In these cases the trading opportunity will have very high probability to make money.
Are you still thinking that what patterns to look for at those places to take trades?
Please refer my previous idea tagged to this post. Just look for those candlestick patterns as your trigger and you are good to go.
I hope this post will add to your knowledge and don't forget to like and comment to encourage further writing.
Regards
JJSingh
Heranba Ind - Textbook VCP Pattern (High probability setup)MCap ~ 3200 Cr., D/E ~ 0.02
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Helpful Questions to Ask Yourself.The quality of our life depends upon the quality of the question we ask.
I think it's the same with trading also, successful traders ask better questions, and as a result, they get better answers. They get answers that help them to know exactly what to do in any situation to produce the results they desired.
Below are the 5 questions that will help you to stay focused and will make sure you do the right things.
1-Did I get in before the market broke?
One thing traders do that hurts them is to anticipate breakouts that never amount to anything. Instead of waiting for the market to break, they rush in to buy when it is at the top of its resistance level, hoping for the breakout. You shouldn’t anticipate a breakout every time the market approaches the support or resistance area, but you should be prepared to act if it does.
2-Am I getting in too late?
Suppose a breakout happens with a huge candle showing a 6-8% move. We always feel that if we don't act immediately, we could miss a great trade. It’s not always easy for a trader to walk away from a tempting trade, but this is the difference between a high probability trader and a low probability trader. You will be better off missing a few good trades while removing out the mediocre ones as you wait for the trades that have a higher probability with a better risk/reward ratio.
3-Did I use volume or any other indicator to see if the breakout was a high probability one?
To increase the probability of a breakout trade working, one can do a few things. By looking at different time frames to see the market more clearly, adding indicators such as the ADX or stochastics to time trades better, using volume to see if a move is substantiated, or adding filters to keep from rushing into a trade, one can improve the odds of capturing a breakout.
4-How much room does it have to go?
When a market breaks out of a trading range, a trader should try to estimate the potential move so that he can measure the risk if the trade goes sour. Without a good mix between the two, no trade should be taken. It doesn’t make sense to make a trade with a 100rs potential profit but with a chance of losing 300rs. You need to have realistic ideas on how much each market or stock can give you or cause you to lose on a trade. Use the size of the previous wave, range, or congestion to measure the next move.
5-Should I wait for a retracement?
By waiting for the market to test the old resistance line at Point Y one can make a higher probability trade than by chasing it at point X.
By waiting for retracement you can trade with a better risk-reward ratio.
Sometimes when the volume is strong, the initial move can be stronger and the chances of it retesting the breakout level are diminished, and so one has to let go of that trade. Your goal should be to take the trade with a better risk-reward ratio.
Short Summary
1-Be prepared to do something when the market approaches a potential breakout area.
2-Use other indicators to help determine the chance of a breakout working.
3-Use the size of the previous wave, range, or congestion to measure the next move.
4-If the current R: R is good then enter & if not then wait for the pullback.
VINATIORGA Long above 2000 for target of 2300 in short term.Features on chart :-
1. Channel pattern breakout coming.
2. Flag and pole pattern.
3. Volume contraction.
4. Price contraction.
A trade above 2000(after breakout) will give a high probability trade with risk reward of more than 1:5.
Follow for more such ideas.
INDUSTOWER #Watchlist
#INDUSTOWER (W):- 213 CMP, Looks good for more upsides, invalid below (190 WCB SL)
1) Trend Reverse (Dow Theory)
2) RSI Hidden Divergence at CIP Zone :)
#Disclaimer : View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions
High Probability Break Out - ASHAPURMINThe stock is currently trending in a flag pole pattern and looks to be a good break out candidate.
Results are expected tomorrow and are expected to be good.
Other Supporting Technicals:
RSI - 64 (bullish but not overbought)
ADX - 26 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
Au Small Bank ( resistance gap Filled)buy level- 1030 to 1060
target- 1100- 1140-1175 & all time high 1348
time 2-3 months
return more than 25%
KAUTILYA can recover Your losses with Quantitative analysis and grow the CAPITAL
NOTE – EDUCATIONAL PURPOSE
(Consult your financial advisor before any decision)