Small Buying opportunity in Bank NiftyAll the levels are marked on the chart
When the price comes to our point of interest (If at all )
--> One can short 41400 PE with (40000 CE as hedge to reduce margin)
-->Entry level :41380 spot
-->SL level :41300 spot
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
Intraday
ASHOK LEYLAND --INTRADAY SETUP --09/11/022ASHOK LEYLAND --HOURLY CHART --INTRADAY SETUP
1. on hourly chart trend line breakout seen in last hourly candle
2. upper channel seen on chart as trendline support taken and upmove may seen on curren level
3. stock seen support of channel near 147 and resistance of channel 152-155
4. trix line seen bullish crossover at current level
5, trade above 21 hma on hourly chart
6. one can initiate Buy at cmp 148 for intraday target 150-152 stop loss can be place bellow support of channel 145.75
THIS IDEA IS FOR EDUCATIONAL PURPOSE .........trade at own risk .!!
HAPPY TRADING !
Selling opportunity in Niftylets see if we can secure this trade with at least 1:1 RR. SL of 50 points
Candle close above 17840 will change every thing Until then its a good risk reward.
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
PVR - Bounced backThe stock has already given a reversal from multiple supports, as you can see on the charts. If there is some retracement, there will be a good price to enter into a long position. With a favorable risk-reward ratio.
If sustains above the levels of 1700, may go to 1850/2060.
Sustaining below 1660 for a couple of days will show weakness on the charts.
Trade wisely every time, with patience & maintaining your risk.
Only for learning and sharing purposes, not any kind of trading advice.
All the best.
INTRADAY BANKNIFTY SUPPORT & RESISTANCE LEVEL DT/07.11.22INTRADAY BANKNIFTY SUPPORT & RESISTANCE LEVEL DT/07.11.22
Today Gap UP opening possible,
Watch levels carefully it will act as strong support and resistance . If particular level cross and sustain 5 min candle then enter in trade.
Note : This is only for Educational purpose this is not for an trading advice.
please support the setup with your likes and by comments and by following on trading view.
Thanks
Orange Fox Calls
Fin nifty Intraday levels for 07.11.2022Resistance level:18681.30
Support level : 18541.80
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame *****
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
CRUDEOILAs crude oil is continuously moving in an undecisive manner, not giving many moves to go long now, we can see a good move from it.
the triangle breakout will give us a good long and short position in the upcoming weeks.
Levels that are holding the immediate support are 85.50 for the short-term period and 82.00 for the long-term period.
levels that are resisting the crude are 90.00 immediate resistance and 93.50 major resistance on the upper side.
Thus, the panic between OPEC+ , RUSSIA , and the USA is making the Crude more indecisive and making the crude market move slower .
In the upcoming days, we can see a one-sided move after the breakout of the triangle pattern .
BELOW 82.00 we can see the targets of 78.00.
Above 90 our first target is to be up to 93.50 and then 95.
NOTE- All the levels are based upon my analysis you should do your analysis and then confirm your trades before taking the trade.
Indiamart - Positional SetupIndiamart is trading within a parallel channel for three months. Now it is at the bottom of the channel.
If reverses from here, can go to the levels of 4630/4730 or even more,
The entry area is as low as near 4350,
Exit the position if closes below 4430 for a couple of days. (Will go weak below these levels).
Or according to your risk management (Always Preferred).
Only for learning & sharing purposes, not any kind of trading advice.
Please share your views.
Best of luck.
Selling opportunity in Nifty or Not!-->For the first time since 13/10/2022 Nifty has closed below its previous days closing "PDC" yesterday.
-->Nifty has extended quite high without a correction and I'm expecting a small correction before its BIG BULL RUN.
--> Why not BUYING today?
-->Yeah we can also buy with todays low as SL and enter when market gives retracement towards days low and again shows bullish momentum
--> PLAN 1
-->Continuing with shorting plan one can Short around 0.618 level at any strong bearish candle with 0.78 levels as SL or a big SL (18192 like that)
Short Entry:18095
SL:18155
--> PLAN 2
-->Wait till market comes till 0.78 levels and then short market with approx 60 points SL
-->This is high probable setup because chances of achieving 1:1 and securing the trade is high.
-->Even if price goes into stop loss zone we will have a good chance to exit if Price move around that level for some time ,coming to our entry area.
Short ENTRY : 18132
SL :18192 levels
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. Your boost and follow is my MOTIVATION.
I will be updating
Fin nifty Intraday levels for 02.11.2022Resistance level:18675.50
Support level : 18565
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame *****
Note: Pls check my previous day idea for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Should we buy or sell Nifty Today?Nifty is in narrow range since opening.
15 min candle breakout should give good target either side.
For Upside 1;1 should be 1st Target and then trailing.
For downside also same thing but can focus on gap filling also.
BREAKOUT PLAN
The breakout candle should close above the range (at least 30 percent of body)
Then one can enter at candle close with SL below bottom range level. (should be ~50 points)
OR
After Breakout one can wait for some retracement and enter the same with same SL (can get small SL)
BREAKDOWN PLAN
The breakdown candle should close BELOW the range (at least 30 percent of body)
Then one can enter at candle close with SL above range level. (should be ~50 points)
OR
After Breakdown one can wait for some retracement and enter the same with same SL (can get small SL)
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating