Intraday
Selling opportunity in NiftyAll the details are mentioned on the chart
Entry after facing rejection
Cons:
Against the trend
Sellers are already trapped at day's low
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
I will be updating
NIFTY- Possible trade for 17-10-2022The market seems range bound in the morning between 17200-17100. A break of the range in either direction could give a move of around 150 points in the direction the range is broken. On the upside the targets can be 17280/17350. On the downside the targets can be 17072/17020/16980. If the market remain range bound for most part of the day, we can expect sharp moves in the direction of the range the price has been testing.
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
Nifty Short Term View.Things to Remember:
-->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash".
-->No one was correct/is correct or will be correct all the time.
-->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance.
-->With the same data / charts available there will be another analyst, he/she will be having other opinions.
-->So Trading is quite difficult.
-->So my plan here is to give my point of view and it will change with time accordingly.
-->Zoom in/out and keep the chart as comfortable as possible I have drawn as few lines as possible to make you understand
Nifty Short Term View:
-->What if 15200 is start of an impulse wave?:
-->From 15200 to 18100 level will be consider as an impulse wave(Green Eclipse) (itself having several sub waves in shorter time frames).
-->Practically after a wave 1 ,wave 2 will be a corrective wave and it can retrace back to any where near 38.2% to 100% of wave 1 .
-->Wave 2 will be a corrective structure of 3 sub waves. (WXY) as shown in the chart.
-->Now W wave has 3 sub waves and structure is completed.
--> X wave is sort of forming a horizontal triangle
-->Price touching "d" and retracing back to 17300 level will complete this triangle pattern.
-->If the triangle pattern breaks down as shown in the figure and if next wave "Y" can have a same projection as "W" then can complete following structure as shown in the chart
-->This will indeed complete the wave 2 of larger time frame by coming inside 61.8% od wave 1.
-->What if Nifty gives closing above 17430 - 450 levels ?
--> Better to cover all shorts and I will looks into my charts all over again!
-->In these volatility it's better to trade at the extremes with low SLs. Plan the trade Trade the plan
*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. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
SBINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Buying Opportunity in NIFTY All details are mentioned in the chart
SL is low worth a shot
Index showing somewhat bullishness. If our view is correct we can ride a good intraday rally
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.
Axis Bank - Will it break or not?Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks.
Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel .
As of today, it closed with good volume if the market opened in a good range then we can see good buying in AXIS BANK, which lead us to the target of 830 from our current position and the second target of 850 (where it previously faced resistance)
If the stock faced resistance then we can see consolidation for some time and that consolidation will decide its upward and downward direction for the downward direction we are having the support of 785 and the second support at 750.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Gap up / gap down intraday strategy with simple entry / exitI get queries from a lot of people who don't want to study technical analysis much.
They're just focused on getting a predefined trading strategy, which they can use effectively in the market without looking much at the charts .
So, in this video, I share a strategy which has been given really good results and it works a lot of times and I believe the probability of this particular strategy is close to around 65 to 70%.
It has simple entry and exit rules, and you can only apply this particular strategy when the market opens gap up or gap down.
See, whenever the market opens gap up or gap down, there is high volatile period of the market during the beginning half an hour or an hour.
And in that period of time,if you place a trade, then you have a good probability if market moves as per expectation.
As you can see these days, nifty and back nifty have been creating gap up and gap down opening almost on a daily basis.
In this case, the first rule is that if the market opens gap up by more than half a percent.
So for example, if bank nifty opens gap up by more then 200 points. , then only you can apply this strategy.
And on the other hand, if nifty opens gap up or gap down by more than 50 or 60 points, then only you should think of applying this particular strategy.
Small gaps do not count in this strategy.
So if bank nifty gaps down or gaps up by only 50- 60 points, then avoid this strategy altogether.
See, whenever the market is opening gap up or gap down, there are two possibilities.
The market might continue the current trend.
For example, if the market opens gap up, the chances are that the market might move higher, or the other possibility is that the market might go sideways the whole day.
So ,in this case, whenever you see the market opening gap up or gap down by more than half a percent, just have to follow this simple procedure.
Just plot the 15 minute chart with a 20 exponential moving average.
Why 20 exponential moving average because the market usually gets good support and resistance around the 20 moving average.
You can expect the market to stall around the moving average for a lot of times if you take a trade.
So ,you just have to plot the 15 minute chart, and if the market gaps up or gaps down, you just have to watch the first 15 minute candle.
So if the market opens gap up and it forms a bullish candle.
Then , what you can do is you can sell puts if price breaks the first 15M candle high. You can sell puts with the stop loss at the low of the candle.
If the market comes below the low of the candlestick the first 15 minute bar, then you exit your position and book the loss.
Why sell puts?
The idea behind selling puts is that during the first 15-30 minutes, the volatility is on a very higher side during that period.
And if at that point of time you start to sell options, then with the passage of time, as the market starts to move sideways, the volatility reduces.
And, what occurs is a concept called IV Crush.
The volatility starts to reduce very quickly and that will give you a benefit if you sell a put, even if the market goes sideways.
So for example, the market formed a very big bullish candle, and the criteria is if it crosses the high of the candle ,sell puts .
So, the whole day, if the market is moving sideways/upwards , the volatility crush will start to happen.
And with the passage of time, you'll start to see the benefit of the IV Crush and the time decay.
So this is a very handy strategy which you can apply.
Always remember, keep the stop loss below of the first 15M candle.
It's a very effective technique, and it's based upon gap openings.
And ,the first 15 minutes usually tell us who is on the stronger side, who's winning , buyers or sellers.
So make sure the gap is big and whatever bar is being formed in the first 15 minutes.
If the bar is bullish, you sell a put If the price crosses the high of that candle stick, and stop plus below the low of that candlestick.
It's an effective rule based strategy and you can back test it on nifty and bank nifty.
And you can also check its reliability, its effectiveness, you can also add this particular strategy in your tool kit.
So I hope this strategy will provide some sort of value to you in your trading.
And if you find the video helpful, don't forget to like this and share it and also comment your thoughts.
Thank you very much and take care.
NIFTY- POSSIBLE TRADE -10-10-2022With the benchmark index having gapped down almost 1.3 percent, the tone for the day seem to be set. The first trades in the index suggest the selling pressure is likely to continue and market may look for any positive cues from Europe opening. As of now the index seem to be headed to breach 17000 and may test 16986/16972. If buying comes in at those levels it is possible for the index to close above 17100. If buying support do not emerge at the levels mentioned, index may test 16870-16880 levels.
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
Grasim - IntradayGrasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved.
Now it's trying to cross the zone 1650 - 1700.
Thus the Volume in Grasim looks good near the resistance level of 1700.
BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise.
- we can look for an inside candle and then take a trade.
- if it opened FLAT then we have to wait for the breakout.
Selling - If the 1700 level is taken as resistance then we can sell below 1690 which can lead it to the target of 1680 to 1660.
Please do share your feedback with us, we are more than happy to help you out, and do not forget to subscribe to our channel.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Simple Trade Setup | FINNIFTY | 04-10-2022 (EXPIRY) [INTRADAY ] NSE:CNXFINANCE
Observations:
1) On 15 min TF we can see a trendline.
Please refer below chart : 15min time frame.
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Trade Setup for 04-10-2022
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.
INTRADAY ADANI PORT FOR A TARGET OF 837.adaniports looks very good for long in intraday for a target of 837, i cant tell stoploss now coz i have to look live 5 or 1 min time frame for that, so whatever intraday set up you follow, buy if its come in your setup, and put stop by your own set up, but i am looking adaniports to 837 level tomorrow, this stock is in my radar for tomorrow.
global markets are down, may be we will see gap down opening tomorrow, but try to look long entry from your set up.
lets see whats happen.
Intraday Trading level for ITC ITC STOCK for Monday 03/10/2022 If stock open in the range of consolidation, then please prefer to book profit at top of the consolidation or bottom of the consolidation, you can book your 50% profit at this level and if you see volume hike at this level or momentum you can wait for next target. Please book your loss at stop loss level. Save your precious MONEY
DO YOUR OWN ANALYSIS BEFORE YOU ENTER THIS STOCK
HAPPY TRADING 😊
Intraday Consolidation Breakout ExplainedOK let's get started ,
A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets .
The commission is also included in the strategy .
The basic idea is ,
1) Price crosses above upper band , indicated by a color change (green) is the Long condition
2) Price crosses below lower band , indicated by a color change (red) is the Short condition
3) ATR is used for trailing after entry
// ═══════════════════════════════//
// ————————> TIME CONDITION <————————— //
// ═══════════════════════════════//
The Indian Markets open at 9:15am and closes at 3:30pm.
The time_condition specifies the time at which Entries should happen .
"Close All" function closes all the trades at 2:57pm.
All open trades get closed at 2:57pm , because some brokers dont allow you to place fresh intraday orders after 3pm .
NSE:NIFTY1!
// ═══════════════════════════════════════════════ //
// ————————> BACKTEST RESULTS ( 114 CLOSED TRADES )<————————— //
// ═══════════════════════════════════════════════ //
LENGTH , MULT (factor) and ATR can be changed for better backtest results .
The strategy applied to NIFTY ( 3 min Time-Frame and contract size 5) gives us 60% profitability , as shown below
It was tested for a period a 8 months with a Profit Factor of 2.2 , avg Trade of 6000Rs profit
Sharpe Ratio : 0.67
The graph has a Linear Curve with consistent profits.
NSE:NIFTY1!
// ═════════════════════════//
// ————————> INPUTS <————————— //
// ═════════════════════════//
For the Back-Tested results :
LENGTH ————————> 30
MULT_STDEV ——————> 3
ATR TRAIL ————————> 2
Save it favorites.
Apply it to your charts Now !!
Thank me later ;)