NIFTY view on 22/01/2021NIFTY view on 22/01/2021
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Hourlychart
NIFTY - Near Ascending channel resistance zone at hourly chartNIFTY - Near Ascending channel resistance zone at hourly chart
NIFTY - Inside Ascending channel pattern at hourly time frameNIFTY is trading inside Ascending channel pattern at hourly time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
RELIANCE VIEW - CONTINUATION 👇👇👇buy above 1990 for tgt 2035-60 with stop 1960
sale below 1960 for target 1920 with stop 1990
disclaimer - for study purpose only
below attached previous idea for reference
Parallel Channel in WockPharmaThe hourly candlestick chart of WockPharma forms a parallel channel, which creates a suitable long position opportunity with a 30% expected return and a Return-to-Risk ratio of 3. The RSI also shows a value of 29.
Axis Bank: AnalysisAxis bank broke out of a trend line which it has been holding since May and taken a retracement. Possibility of down trend.
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Reason to short:
1) Major Breakout in daily time frame as well.
2) Multiple Retracement ends up in downwards momentum (M-Pattern Formation: Showing down trend as well).
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RR ratio should be calculated and trade should be taken accordingly.
SBIN: AnalysisSellers fail to bring down SBIN 3 times denote's pressure from the bottom to push up.
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Reason to buy:
1) Trend Line breakout
2) Buying pressure from bottom
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Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00.
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RR ratio should be calculated and accordingly trade should be taken.
Jubilant food works: Analysistheir is a breakout in jubilant food works i have been tracking this stock for few days now and waiting for this breakout to take palace.
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Best stop loss would be below the immediate swing that is at 2240 levels.
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Trade with calculated risk, next best entry after retracement at 2319.
Balkrishna industries: AnalysisKeep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame.
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Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
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Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
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Take trade by considering RR ratio in mind. Wait for retracement.
Mc Dowell selling stretegySell mc dowell if closes below 592 on hourly chart for target of 570 with stoploss of 605
LONG ZEELFORMED HAMMER CANDLE ON HOURLY CHARTS, SO WE MAY SE SOME REVERSAL ON PRICE. LEVELS MENTIONS ON CHARTS
POSITIONAL TRADE IN INFY DEC FUTPOSITIONAL TRADE IN INFY
DEC FUT
BUY@666.5
STOP@661.5
TARGET@686.6
LOT:1200
QTY:1
RRR=1:4
STBT IN ESCORTS NOV FUTSTBT IN ESCORTS
NOVMEBER FUTURES
SHORT@663
STOP@673
TARGET@645
LOT:1100
QTY:1
SWING TRADE IN JSW STEEL SEPT OPTSWING TRADE IN JSW STEEL
OPTIONS TRADE
SINCE MARKET IS VOLATILE WE HAVE SOME ISSUES TO PLACE STOPS IN FUTURES MARKET
BUY 430 CALL
OPTIONS @4.75
STOP @3
TARGET@8
LOT:3000
QTY:2
ASCENDING CHANNEL ON HOURLY CHART IN PSU BANK INDEXTHIS HOURLY CHART PANEL SHOWS CRUCIAL POINTS
THIS MEANS THAT THE INDEX HAS ACTUALLY TRADING IN A
RANGE WHICH IS VISIBLE IN STOCKS LIKE:-
SBIN,CANBK,BOB,BOI
IF YOU WATCH INDIVIDUAL CHARTS MKT MOVES FROM BOTTOM TO TOP AND SO FOURTH BUT CREATING GRADUALLY(HIGHER HIGH AND HIGHER LOWS)
TRENDLINE BREAK WILL TEST 3190-50
UPSIDE THERE IS CHANCE OF TEST 3350
BUY CANBK @278.5
STOP@273.85
TARGET@288
LOT:2000
QTY:1
BUY SBI @306
STOP@304.15
TARGET@311.5
LOT:3000
QTY:1
STBT IN AUROPHARMA ON CONDITIONAL BASIS AUG FUTAUROPHARMA SHORT TRADE(IF PENNANT BREAKOUT DOWN)
AUGUST FUTURES
SHORT AT THE BREAKOUT OF THE PENNANT AFTER
2:30 THE BAR WILL BE COMPLETE A BREAK BELOW
THE SUPPORT LINE OF 684 IS A GOOD INDICATION
SHORT@684
STOP@590
TARGET@666
LOT:1000
QTY:2
