Aarti Ind - Time to watchThe stock is traveling in a parallel channel for a long time. Again comes to the lower support levels. If it sustains above, it may go to 610/660 or even more.
MACD also shows a crossover,
the price is already almost half of the top levels.
As long as does not trade below 510-515 for a couple of days, Chances are good for up move.
Only for learning and sharing purposes, not a bit of trading advice in any form.
Always trade wisely and calmly.
Calmness is the thing that we dream of when we see our future in the stock market.
Why not practice it now?
All the best.
Intraday
clear head & shoulder in bankniftyIn the case of #BankNifty, we can see that the pattern has recently emerged, with a clear head and shoulders formation that is currently in the process of inverting.
In 5 minute chart we can clearly see The left shoulder was formed, followed by a sharp drop and a bounce-back that established the head of the pattern. This was followed by a pullback that formed the right shoulder, with the neckline running through the range of 42110-42140.
If the neckline is broken decisively, it would confirm the inverted head and shoulders pattern, and indicate a potential bullish reversal in the market. In this scenario, traders may consider entering long positions with a target of 42555 or even higher.
BANKNIFTY LEVELS 21/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's gap up price should form bullish candle above 42470 level then only, we will take long position up to 42820 level.
2. If there's flat opening on today's session price should reach 42238 level. If there's any rejection candle forms above this level, we can take long position up to 42365 level by maintaining trailing stoploss.
3. Or if the price gets rejection from below 42470 level, we can short up to 42238 level.
4. Maintain proper stoploss while placing trades.
Have a profitable day :)
INDIA CEMENTENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
BANKNIFTY LEVELS 20/04/2023BANKNIFTY ANALYSIS WITH LOGIC:'
1. If there's is gap up or flat opening in price and forms bearish candle below 42238 level, we can short up to 41920 level
2. If price sustains above 42238 level, it should retest those level then only we will take long position up to 42365 level as first target.
3. If price crosses above 42365 level, should retest those level then only we will take long positions up to 42470 level as second target.
4. Try to maintain trailing stoploss while placing trades in options due expiry.
Have a safe and profitable trading :)
Simple Trade Setup | NIFTY | 20-04-2023 EXPIRY [ INTRADAY] NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
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Trade Setup for 20-04-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BANKNIFTY LEVELS 19/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's flat opening or gap down in price, it should get reversal from 42160 level with bullish candle we can take long position up to 42420 level.
2. If it breaks 42420 level with strong candle up to recent high, we can take buy side position.
3.Or if the price gets reversal from 42420 with bearish candle, we can short our positions till 42160 level.
4. If the price breaks 42160 level with strong candle we will short sell our positions up to 41920 level.
5. Maintain trailing stoploss while making trades.
Have a safe and profitable day.
Finnifty on make or break level Finnifty has formed a strong bullish engulfing pattern and appears poised to breach a trendline resistance. If the current bullish momentum persists, there may be significant short covering, leading to a potential price target of 18930. However, it should be noted that a bearish stance may be warranted should Finnifty fall below 18820, depending on evolving market conditions. It might go sideways as well. I'll suggest to scalp today; watchout before entering have a strict SL.
BANKNIFTY LEVELS 18/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering today intraday levels, if there's gap up or flat opening price should get reversal from 42160 or 42105 in between these levels.
2. From that point we can short up to 42420 level by maintaining trailing stoploss.
3. There are no chances to short our positions until price crosses 42105 level with strong bearish candle.
4. Try to maintain ITM call options to avoid heavy decay .
Have a safe and profitable day :)
BANKNIFTY LEVELS 17/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's gap up or flat opening price should retest 42105 or 41920 levels
2. If price gets reversal from those from those two levels with 15m bullish candle. we can take long position upto 42820 by maintaining trailing stoploss.
3. On today's intraday session banknifty is stronger when compared to nifty.
4. Consolidation may occur in between 42105 - 41920 levels
Have a safe and profitable day :)
My big loss 2,18,000/- IN EXPIRY 13-4 Stoploss Vs. Account closeLearning topic : Learn from your loss
Be flexible in market movement do not attach to one setup only, Always take seriously your stoploss do not ignore your loss target.
If your back testing movement is accurate for 70% then also real market movement can wipe your 30% and you can have a big loss which will make your funds to 00.
When such situation comes where you make your funds 00, after that take gap for atleast 4-6 weeks to gain confidence as without stable mind you cannot trade properly.
BANKNIFTY LEVELS 13/04/2023 BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering those levels bank nifty is weak when compared to nifty,
2. Maximum range boundness can be seen during first half session in between 41600- 41412 levels.
3. If there's slight gap up price should get reversal from 41660 level with strong 15m bearish candle therefore we can short up to 41412 level by maintaining trailing stoploss.
4. Option buyers be careful during today intraday session as we can expect heavy decay.
Have a safe and profitable day :)