The Stock has shown a zig zag ABC correction on 60 min charts with 5-3-5 legs of ABC which is generally the end of a longer leg. The C wave has given its 5th leg and in my opinion, it is completed. A trade to go long with 69.40 as a stop-loss and 79 and 81 as targets give a risk/reward at 1:4 and 1:5 respectively. CAUTION ADVISED, STOPLOSS IS YOUR GOD AND YOU ARE...
ONGC
On 13 June when ONGC was at 168, it was suggested that
- the stock is currently in down trend
&
Closer to 158-162 will be worth accumulating from risk:reward ratio perspective
Link to previous analysis
For last 2 days the stock has defended 158 on closing basis &
Candlestick pattern at important support level suggests reversal is round the...
Hello Traders,
We have spotted a bearish Butterfly pattern on BEML 15 mins chart. Price has already entered our PRZ. Here, PRZ is made of 1.27AB=CD, 1.27XA and 2BC Fibonnaci ratios.
Trade Levels:
Entry: 1280-1283
Stop: 1293
T1: 1262.70
T2: 1250
Good Luck!!!
PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any...
I have a very simple Intraday strategy which works really good. I would like to know your comments, advice or any faults you think my system might have, do paper trade this before actual trading.
After market hours I scan stocks in the 15 min time frame to find out which stocks have broken above or below a range of say 20 bars behind. Meaning from last 300 mins...
VEDL has seen a good day or two of range bound trading. I f VEDL crosses above 229.65 with volume tomorrow il buy for a scalp trade with targets of 231-231.50 and a stop of 228.30. i will trail my stops as and when these levels are reached till RSI turns downwards!
BEL has been a very broad range and going nowwhere but yesterdays close had a bit of volume in it. Tomorrow if BEL crosses 182.80-182.90 levels with good volume and RSI crossing to above 70 levels im going to buy it for targets of 183.95-184.40.
Stops will be at the breakout candle low. If the trade risk reward ratio is uncomfortable its better not to trade it or...
Previously we had this setup on swing trade, its target over, now we get a chance on pullback, if Market , I mean Nifty gives really a move to downside, this will be intraday setup !
