Indianstockmarket
Asian Paint LongWill try to make some position in Asian Paint once it breaks the 1hr trendline. Reason for trade:
1. Support taken at long term trendline.
2. LL LH structure is broken.
3. Daily trendline is broken.
Note - This is my personal view only for educational purposes and I am not a SEBI registered expert. Follow your financial advisor for any work in the stock market.
Are these red candles a trap in Crude Oil?We are bullish on crude oil for short term (one can say till expiry 17 dec)
Risky traders can take long position in trade with a strict stop loss of 4620 for a target of 5450.
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We are still trading in the range between 4600 and 5500.
Any lower or upper breakdown will decide its direction again.
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Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Follow the rules, be patient and stock market will definitely reward you...
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Follow to get regular updates
Take care & safe trading...!!!
Regards
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SELL COPPERCopper has climbed to 811.60 on MCX from a level of ₹ 731 in first two weeks of OCT 2021 and it fell down to again 725 till the end of the same month.
Today Copper climbed to a level of ₹ 746, and now hovering around ₹ 738
Risky traders can take a short call on copper around 738 with a stop loss of ₹ 746 for a target of ₹ 720 .
NIFTY 50 crucial levels for Friday!🛑 NIFTY trading below 21DMA this will act as Resistance (18078),
- 50 DMA will act as Support ,17775 level will be crucial to hold nifty
-NIFTY weekly pivot point 17875.4
🛑 Key levels to watch out for intraday traders :-
◽ resistance is at 18000-18050
-with SL of 18000
- 18110 we can see as the target after breakout
◽ support level is at 17800-17775
-with the SL of 17850
- 17700 we can see as target after breakdown
🛑 rules to follow
* avoid trade if market opens above/ below our levels
- simply , avoid if market opens at or above our resistance zone ( Huge GAP up )
- avoid if market opens at or below our support zone (Huge GAP down )
(reason behind avoiding trade because market don't like gaps it will try to fill the gaps )
*if huge gap UP or DOWN happens then we have to just wait for price action and until fill the gap then we can take trade
* after initiating the trade we must have to wait until it will hit either TARGET or STOP LOSS
*initiate trade after immediate breakout / breakdown(possibility making profit is higher)
- or one can initiate after retesting the level (possibility making profit is lower)
◽i hope that it will help a lot
do like , follow for daily updates
NIFTY 50 Shorting strikes based on Vix 🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 18100 CE and Short 17700 PE
🛑 we can observe that market may be stays in between with the range of 18100-17700,only When there's no Volatility .
- if short both side / if we did short strangle
if breakout happens at 18050 then we can exit from short CE position and hold short PE until achieve the target of 18150
if breakdown happens at 17800 then we can exit from short PE position and hold the short CE until achieve the target of 17700
🛑 Take Position after 11 to 11:30 AM if market still in between our range
- from 11:30 Am here afterwards volatility will starts to cool off
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
NIFTY 50 Shorting strikes based on Vix 🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 18100 CE and Short 17600 PE
🛑 we can observe that market may be stays in between with the range of 18100-17600,only When there's no Volatility .
- if short both side / if we did short strangle
if breakout happens at 18050 then we can exit from short CE position and hold short PE until achieve the target of 18050
if breakdown happens at 17670 then we can exit from short PE position and hold the short CE until achieve the target of 17600
🛑 Take Position after 11 to 11:30 AM if market still in between our range
- from 11:30 Am here afterwards volatility will starts to cool off
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
NIFTY 50 crucial levels for Tuesday!🛑 NIFTY trading below 21DMA , trading above 50,100 DMA
-NIFTY pivot point 17870
🛑 Key levels to watch out for intraday traders :-
- resistance is at 17900-17950
-with SL of 17870
- 18050 we can see as the target after breakout
- support level is at 17670-17700
-with the SL of 17750
- 17600 we can see as target after breakdown
BANKNIFTY Levels for Monday !🛑Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day
- Bank Nifty WEEKLY Pivot is at 40067
🛑 keys Levels to watch out for day traders
- resistance is at 39900-40000
-with the stop loss of 40300
- we can see target of 39800
- Support Levels is at 38900-38800
- with SL of 38500
- we can see Target of 39000
if you like it ,do follow for more
have a nice day
NIFTY 50 Shorting strikes based on Vix 🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 18000 CE and Short 17500 PE
🛑 we can observe that market may be stays in between with the range of 18000-17500,only When there's no Volatility .
- if short both side / if we did short strangle
if breakout happens at 17950 then we can exit from short CE position and hold short PE until achieve the target of 18050
if breakdown happens at 17600 then we can exit from short PE position and hold the short CE until achieve the target of 17500
🛑 Take Position after 11 to 11:30 AM if market still in between our range
- from 11:30 Am here afterwards volatility will starts to cool off
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
Shriram Transport Finance: Start of a new Bull RunBuy near ₹ 1400 with a stop loss of ₹ 1395
Target ₹ 1600
Happy Investing
MCS Crude Oil Technical AnalysisAt present Crude Oil on MCX is trading around 6210 with a day low of ₹ 6197 and made a high of ₹ 6244. Crude oil remained under pressure this week globally.
If we talk on technical side, Crude Oil was running in a fixed channel since Septmber 2021, but on October 27th 2021, it closed below support line and yesterday on 28th Oct, it opened at 6180 with a gap opening of almost 200 points down from its previous day's high.
OPPORTUNITY
You can short crude oil around 6240 today with a stop loss of ₹ 6336 for a taget of ₹ 6065-5990.
NIFTY Simple Price Action Analysis !!- In between 12th OCT to 18th OCT if we see the FIIs and DIIs data where they were both booking their profit on every rise
but retail investors were Still bullish on market and retailers were buying where FIIs , DIIs were selling
- At the same time market was opening in huge gap up
- Basically market don't like Gaps as a price action Trader he was also don't like gaps
they were wait for to fill those gaps to take further Positions
- After Formation of 3 Black Crows (from 19th to 21th OCT ) that is the signal to exit from From Short term Positions
- i'm not telling that market will become bearish but it will be side ways for some days
but anything can happen most of the time market is unpredictable
- here is mine main Agenda is to know about Simple Candle stick patterns and to analyze the Movement
NIFTY 50 crucial levels for Friday! 🛑 NIFTY Closed below 17950 which is very critical level to hold the market , Now it may test 17600 zone which is very important zone to hold if it breakdown the 17600 that is where everyone starts to press panic button
-NIFTY is Closed below 21DMA , now again NIFTY looking technically weak however , here mine AIM is to know the intraday Levels
- - WEEKLY pivot point is at 18251
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18000-18050
-with SL of 17950
- 18150 we can see as the target after breakout
- support level is at 17800-17750
-with the SL of 17860
- 17600 we can see as target after breakdown
checkout below link where i was keep on telling that stay light with quantity
BANKNIFTY Levels for Expiry Day !🛑Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day
- Bank Nifty WEEKLY Pivot is at 40067
🛑 keys Levels to watch out for day traders
- resistance is at 41300 - 41400
-with the stop loss of 41200
- we can see target of 41600
- Support Levels is at 40800-40700
- with SL of 40900
- we can see Target of 40500
if you like it ,do follow for more
have a nice day