Intraday
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.
-------------------------------------
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 ;)
Nifty intraday levels for 30.09.2022Resistance Level: 16907.85
Support Level:16810.85
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 sustaining or break below support level, we can expect downside move and the targets will be fib retracement levels as per chart.
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.
Last opportunity for Nifty reversalNifty is in the Golden Fib zone.
If any expiry day reversal this will be good time
Conditions :
Nifty should form a low here in and around golden zone
It should give closing above 16945.
After that If it give a pull back then we can enter with day low as SL
No trade if the conditions not met.
If all conditions are met
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
ITC- SHORT positionITC after long support of 20DMA now closed a candle below 20DMA in the 1-day chart. On the lower side, we can see a trendline breakdown too and 50 DMA is our next TARGET.
Also, 10DMA crossed the 20DMA in the 1-day chart now we can trade for short up to lower support line.
The evening star candle was formed, showing a downtrend later on a Doji and a gap down confirmed the downward momentum of the stock.
Nifty may bounce back in intradayAll Levels are in the chart.
If the low is protected Price will reach its day high in intraday.
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
OBEROI REALITY LTD -- INTRADAY SETUP- 23/09/2022OBEROI REALITY LTD- HOURLY CHART -- INTRADY SETUP - 23/09/2022
1. stock seen trendline support at current level on hourly chart
2. upper channel lower level double bottom support seen which indicate pullback from this level and stock ready to move upside on next trading sesion
3. stock has retest previous resistance breakout level
4. trix line shows crossover pending at oversold levl hourly chart
5. BUY ON INTRADAY AT CMP @1007 TARGET 1015-1030-1040 stop loss 992
** THIS IDEA IS FOR EDUCATIONAL PURPOSE *** TRADE AT OWN RISK !!
HAPPY TRADING, !!
HINDALCO --- INTRADAY SETUP -- 19/09/2022** HINDALCO -- INTRADAY SETUP -- 15 MIN CHART -- 19/09/2022
1. Trendline breakout seen at 15 min chart last 15 min candle
2. trix histrogram seen crossover at current level
3. bullish signal from ssl channel indicator
4. pullback candle seen from oversold at 15 min chart
5. intraday support seen at 405 and resitance 430-435 level
6 BUY around 408-412 intraday target 420-425-430 stop loss at 400
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
** trade at own risk !!
HAPPY TRADING.!!