ESCORT INTRADAY TRADE STRATEGY a gud buy for intra can b
btw level 1429-32,
22-20 as stop -
gud if it touches 14435 -
more upmove beyond 1442
disclaimer - trade based on own study & risk.
Inside Bar
CADILAHC: Inside Bar + Descending Triangle CADILAHC on the daily time frame has created an interesting setup. As per my 3 Rivers System, the stock is in an UP trend and has entered the lower edge of the River. Herein strong supports from (410-415) kicks in which has earlier worked as a strong source of support & resistance. Essentially the stock is at valid supports.
Now add on two more elements - an Inside Bar and a perfect Descending Triangle. Short term momentum has been oversold with drop in volatility. And yes the stock has been bouncing off from its intra-day lows.
When I combine all these elements, it raises a higher possibility of an upside breakout. A close above (425-426) confirms this which should ideally kick in fresh buying impetus. On the flip side a break below 410 definitely negates this possibility.
Trade Well. Trade Wise.
JUBLFOOD: 3rd Time Lucky? Now this is an interesting chart wherein I have highlighted three theoretically bullish patterns.
Highlight # 1 and 2 are both Bullish Harami pattern wherein #1 lacks the existence of a well-defined down trend. Comparatively #2 was better off with an erstwhile decent sized down trend. Did not play out that well as we do not notice any bounce back.
Now we have another Bullish Harami pattern (Highlight # 3). And this time it has the punch of an Inside Bar as well which points out a definite sign of range contraction. Clubbing this set-up with the fact that the RSI indicator has corrected well enough and now at the edge of trend reversal does raise a case for a prospective support.
First sign of a bounce back comes once the stock scales above the high of the “baby” candle at 2245 and a better confirmed move once the high of the “mother” candle at 2265 is breathed.
3rd time lucky for JUBLFOOD this week ahead?
Trade Well. Trade Wise.
Go Long - Detailed levels on Chart17-10-2020
> Market cap: 4400
> Up 90% from 52 week low
> Making inside candle
> Volatility and Contraction concept
> Consist increase in the volume
> Entry at 546, SL 490
Inside candle after a big red candle.1) broke the trendline
2) Prior candle is a Big red red candle (formed after a doji)
Take short position only if it breaks below 110.80 (Low of the big red candle)
Tgt: 103.5 (200 SMA)
SL: 114.5 (Above the inside candle)
Nifty - And now an Inside Bar.Nifty continues to consolidate and show respect to the over-head zone of resistance. An Inside Bar after today’s close will definitely encourage contrarian traders to take a short position below today’s low. Now that will be a pretty risky bet for which the immediate levels to watch for on the downside will be at (11,780-11,800). If you go short, please be agile enough to protect open profits, if at all.
I personally will not go for such a contrarian trend, primarily because the underlying trend has been very resilient. And so any price dip is likely to face supports which can lead to an equally sharp bounce back. I prefer to trade more in line with the underlying trend and will therefore wait for buying opportunities on the dip.
Trade Well. Trade Wise.
Adanient Flag Pattern BreakoutAdanient Gave Flag Bullish Pattern Breakout Supported by ADX, RSI , Moving Average and Inside Bar Formation
YOU ARE GONNA LOSE IF YOU ARE ON THE LEFT SIDE OF THIS BLOCK95% TRADER TRADE WHAT YOU SEE ON THE LEFT SIDE. THE PERSON READING THIS , YES YOU ! You have also traded like the 95% retailers havent you and at some point you realise that it isnt working for you!
Smart money lies with the 5% , but you never realise that !
TechM - Go long if breaks above IB (Intraday / BTST / Swing)Go long around 788
Targets based on fibo
SL of 778
(ENTRY STRICTLY after breaking above Inside Bar)
Coal India - shorting opportunity below IBCoal India short below 124.10
SL 125
Target - Open based on RR of 1:2
Trading an Inside Bar After a Triangle Breakout - ContinuationCentury Textiles - Risk-Reward Ratio 1: 4.80
Long Above 345
Stop-loss 325
Target 438
Century textiles broke out of a symmetrical triangle recently. It formed an Inside Bar today after a strong up move yesterday.
Two or more up days prior to inside days or bar increases the probability of upward momentum to continue after a breakout.
Trading With Inside Bars
Inside bars/days represents volatility contraction and a temporary pause in ongoing momentum.
Inside bars can be traded with the trend or at the time of trend reversal.
There are many variations in Inside bars. I'm not gonna write an article here explaining Inside bars. Just Google it.
The idea is to go long above the high of yesterday's strong up move. Expecting the upward momentum to continue after today's inside bar formation or today's pause in momentum.
[Positional] Bandhan Bank LongIt broke down heavy thet day promotrsa had to skim their holdings due to RBI mandate.
A lot of FII picked up stake then, The price was set for 311 frot he block deals.
I am optimistic in thsi counter.
At this price and juncture with a good risk reward scenario and is an inside bar too.
Buy above 210, stop at 195
"Price is what you pay. Value is what you get."
~ Warren Buffet
Advanced Enzyme Technologies Ltd: Inside bar tradeAdvanced Enzyme Technologies Ltd: Inside bar pattern on 1 hr TF chart with a spike in volumes. Strictly enter and exit strategy. Entry at INR 194.85 (High of the preceding bar) and Exit/ Stoploss (low of the preceding bar) at INR 185.10.
“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Ashok Leyland - Inside Bar TradeThe stock has been range bound. The last two sessions particularly have seen it reverse between the levels marked.
So this sub-range breakout may be on the cards (or not).
The stock has taken support from the trend line since March & the trend line support is at 50.5.
The Fib retracement levels are drawn on chart - for detailed analysis of it, please see the linked Ashok Leyland Fib levels idea.
Positional Trades:
Go long above 52.6 for 53.5, 54, 55, 56 & 58 with SL at 51 for intra-day trade & 50 for those taking July expiry positions. (Adjust for futures' prices).
Shoring trades will only be attractive with the trend line breach below 50 on the hourly chart to open targets till 48 if not lower.
BALKRISHIND - SHORT SETUPThis stock is trading in the same range and forming inside candles of a big candle. If it breaks the range, towards downside, we can easily capture 10-15 points.
CESC - SHORT SETUPIf the low of big candle is broken, we can go short.
Trend line breakdown. A big candle formed by a big player. Then a pause candle (inside candle), hence when big candle's low is broken, the momentum may be faster since the buyer's SL will be hit creating immense selling pressure.
[Positional] LIC HOUSING FINANCEASCENDING PATTERN forming.
It is forming an inside bar in daily
buy above 281.9 with sl at 273.5
sell below 273.5 with sl at 281.5
Trail the trade. might be a big swing.
~Manage risk, reward will take care of itself
