Selling opportunity in Niftylets see if we can secure this trade with at least 1:1 RR. SL of just 40 points .
Candle close above 18020 will change every thing Until then its a good risk reward .
Closing below 17940 will be considered as proper weakness then one can plan for positional trades.
As of now not that much weakness but in smaller TF i have observed market breaking the structure and it is afternoon also lets see if any selling pressure comes.
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
Intraday
Not every swing high is a Fake Breakout !Good morning traders.
If you have entered long at the high of the green candle as shown in the chart you would have thrown out of the market by taking your SL and kept you thinking Oh! It must be a Fake Breakout.
-->We all know that market structure is combination of waves.
-->These waves will follow Primary trend, Secondary trend and all the minor trends on the way.
-->In the Bullish momentum - Price will form Higher highs and higher lows.
-->In the Bearish momentum price will form Lower highs and lower lows.
-->If we observe the recent path the market is following, it has formed higher highs and higher lows.(Bullish If i have to say)
-->Before Friday the recent swing low the market has formed at 17637 level.
About the fake breakout - The price level it broke has hardly respected once. If the price has respected that level 2-3 times and then if it breaks it and comes back into range then we may call it a fake breakout or if it has broken the previous swing low then we can consider it as a fake breakout.
Since none of the above mentioned has happened its just be a another swing high and market is still in up move.
Above concept is done.
Now on Friday market has formed a new swing high 17830 level and major swing low is 17637 levels. If price can go past 17835 on Monday then swing low will be shifted to 17723 levels.
Then why I post shorting trades in the Ideas?
I try to plan my trades at the extremes (at swing lows and swing highs).
There is no point in going long at a swing high unless our stop loss is huge.
That is why in a bull structure I plan to buy at swing lows or I plan to short at swing highs both of them will have small SL and High rewards. Do you agree with me in this aspect?
If we observe our recent market openings, it has opened with gap ups. So I don't want to risk huge SL for limited intraday up move that's why I plan contra trades.
On Monday I will be cautions because SGX Nifty is showing 18000 + and it will make it as a good supply zone.
I will observe the price action in smaller time frames and plan my trade.
The future market direction will be decided at these levels.
--> What we need to observe?
--> Whether the market is accumulating at this level or Distributing at this level.
I have written so much in this ,I will write more based on the response I get from this. I know few of these will be confusing, do let me know If you want to know about particular concepts then I will have Idea about what I should be writing for.
*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.
SWING TRADE - LAURUS LABS LTD NSE:LAURUSLABS
* Laurus labs
Laurus labs have been consolidating on an hourly chart for some time now and it has given a strong breakout of the resistance line with good volume.
now it's facing a horizontal resistance at 335 zone.
It's a good buy at CMP and you can add more qty at 335 if it sustains that zone and closes above it.
its showing multiple confirmations like:
1. double bottom neckline break
2. Volume spike up
3. strong breakout
keep a stop loss of 10-15% for the projected target.
You can trade in intradaday to if it breaks 334.
please like and comment if you like the analysis.
keep learning,
happy trading.
Ambuja cement -#intradayPlease do share your feedback with us, we are more than happy to help you out, and do not forget to subscribe to our channel.
#StockRecommendations #StockMarket #Trading #IntradayTrading #Buy #Accumulate
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
NIFTY & BANKNIFTY ANALYSIS FOR {28-10-2022}NSE:NIFTY
NSE:BANKNIFTY
Nifty is facing resistance at 17780 -17800 if it break than it can touch channel resistance line
or it can move in a range 17800 to 17650
Banknifty chart
Banknifty has a strong resistance and if not break a big range for some trading sessions
hope you like this analysis please like and comment
keep learning,
happy trading.
thankyou
How to set an alert for BankNifty Intraday Strategy [5min TF] ? Set Alert on 77% Profitable Bank-Nifty Back-tested Intraday Strategy with FREE TRIALS
Trend Follower Intraday for 5 minute Time-Frame (Adjustable) , that has the time condition for INDIAN | CRYPTO | FOREX Markets
// ══════════════════════════════════════════════════════════════════════════════════════ //
Unlike the Free Scripts - Risk Management , Position Sizing , Partial Exit etc. are also included .
Send us a Message to know more about the strategy.
// ══════════════════════════════════════════════════════════════════════════════════════ //
The Timing can be changed to fit other markets, scroll down to "SQUARE-OFF TIME" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) EMA1 crosses above EMA2 , is a Long condition.
2) EMA1 crosses below EMA2 , is a Short condition.
3) Green Section indicates Long position.
4) Red Section indicates Short position.
5) Allowed hours specifies the trade entry timing .
6) ATR STOP is the stop-loss value on chart , can be adjusted in INPUTS.
7) Target 1 is the 1st target value on chart , can be adjusted in INPUTS.
8) RISK is Maximum Risk per trade for the intraday trade can be changed .
9) Total Capital used can be adjusted under INPUTS.
10) ATR TRAIL is used for trailing after entry , as mentioned in the inputs below.
11) Check trades under the list of trades .
12) Trade only in liquid stocks .
13) Risk only 1-5% of total capital.
14) Inputs can be changed for better back-test results, but also manually check the trades before setting alerts
15) SQUARE OFF TIME - As you change the time frame , also change the square-off time to the candle's closing time.
Eg: For 3min Time-frame , Hour = 2Hrs | Minute = 57min
16) Strategy stops for the day if you have a loss .
17) COMMISSION value is set to 10Rs and SLIPPAGE value is set to 1 . Go to properties to change it .
Apply it to your charts Now !
Send us a message for FREE TRIALS | Instant Access
Thank You ☺
JSWSTEEL LEVELS FOR MONDAY - 24-10-2022Important JSWSTEEL Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
LUPIN LEVELS FOR MONDAY - 24-10-2022Important LUPIN Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
SUNPHARMA LEVELS FOR MONDAY - 24-10-2022Important SUNPHARMA Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
TATAMOTORS LEVELS FOR MONDAY - 24-10-2022Important TATAMOTORS Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
Bank Nifty Trade Plan.Good Morning Everyone,
Key levels on Bank Nifty
-->Major Supply zone- 41700 - 42000
-->Fib Resistance zone: 41250
-->On Higher Time frames Major Support 39850 level
-->If we observe the volumes on recent swing high i.e., 40700 We can consider this as a decent breakout indicating Bullish behavior
-->Until we get a Closing below 39850 level market will remain bullish .
-->This doesn't mean we can long right now unless you can risk 4000 - 4500 per lot
--> Its always better to wait for retracements and buy on those dips.
-->From 39850 BNF is in up move when this wave is over in smaller Time frame we shall see a correction then we can go long with small SL.
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.
BANKNIFTY ANALYSIS FOR [21-10-2022]NSE:BANKNIFTY
Banknifty all essential levels are marked on the chart.
Its moving in a channel and facing heavy resistance at the top so trade with caution on long side.
We might see the market opens on a negative note.
Always trade with stoploss to avoid big drawdowns
=Nifty doesn't look good for now so I will be avoiding trades in it
please like and comment if you like my analysis
Happy trading,
keep learning.
Selling opportunity in Nifty Expiry dayA 15min candle close above 17560 will indicate a bullish scenario.
Otherwise We can take the risk with a small SL
All the details are mentioned on the chart only
lets see if we can secure this trade with at least 1:1 RR.
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