Intradaytrading
Marico looks good above 511MARICO looks good above flip level
1.CROSSING 200 MA
2.BOUNCED OF FLIP LEVEL
3.BOS CONFIRMED
4.NOT CLOSING BELOW 509
BUY ABOVE - 511
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Indigo Stock is given good returns NOTE:
Today Date 07.02.2022
Why Indigo stock selected for Intraday trade?????
How Indigo stock Given 9.91% returns in Intraday??
1.Stock open above CPR & Break the previous day high and R1 Level.
2.Narrow CPR Range
3.MA 20,50 Crossover and above MA200 Support
4.RSI Crossover & VOLUMES increased .
Simple Trade Setup | VEDL | 07-02-2022 [INTRADAY]NSE:VEDL
Observations:
1) On 1 day time frame, we can see that it came out from the resistance channel.
Also it came out from the neck line of rounding bottom pattern and closed above 350 level.
Next resistance is at 360 level.
Safe buy on sustainable breakout of 360 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for 07-02-2022
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.
Cumminsind buy above 1006Cumminsind has given a breakout and also seems to have retested it today.
Buy above 1006
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
HDFC bank Inverse H&S formationHello traders, I hope you are doing well
The setup that I can find in hdfcbank is clearly explained above in the chart.
Specific details for the chart explanation
The inverse head and shoulder pattern has not yet been completed.
The breakout also requires to break the supply zone near 1500 levels.
Stock has retraced back to 78.6% from the last swing high.
Stock gave a breakout of a steep declining trendline of 40 degree angle
200 ma acting as support.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Bank Nifty : Buy or Short?As per request I given you on Chart analysis of 20/01/2022 Prediction.
As per chart Bank nifty on critical support.
Fresh Buy : 38160 wait for 10-15 min to sustain candle. so definitely go for buy.
Target 1: 38300
Target 2: 38500
if making range below the range then Go for Sale below 38000 . after 10 min.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
JSW STELL BREAKOUT and H&S PATTERNHello guys hope you are doing good today, in yesterdays post I asked you guys to short TECHM and it ave a good profit in nitraday as it fell more than 40 points and target 2 was hit. Same case with WIPRO, all I.T stocks looking weak.
Now speaking of this script that is jswsteel I see that there has been a breakout with good volumes, this once tries to give a breakout few days ago but failed.
Now it has given a breakout above the counter trendline with good volumes
An inverted head and shoulders pattern is also seen here.
Buy above - 689
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
DABUR BREAKOUT BUY ABOVE 586Hello traders, dabur has given a breakout with good enough strong candle, and looks that it can go for the upper marked targets.
FMCG stocks gave a good move other than dabur but it has a good weightage in Nifty50 so I believe it will give a run now.
Stock just crossed the 200 ma.
Gave a trendline breakout.
RSI in the bullish zone.
MACD above the signal line.
Not a good enough volume present ye, so be on the edge for that.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Voltas - Buy above 1270Hello guys, as said in the previous posts the I.T sector were looking weak to me and Techm & Wipro hit their shorting targets.
Now Voltas here has given a breakout from it's trendline and also now is nearing it's resistance/supply zone which it was unable to break the last two time, if it breaks this resistance it will be a good buy for the upper marked targets.
Buy above - 1270.
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Tatapower breakout buy @230Hi guys, I hope you all are doing well.
Tatapower has given a breakout of the upper resistive trendline and all together a breakout of the symmetrical triangle pattern which also looks to be a part of a bigger flag & pennant pattern.
Buy above - 230
Targets are mentioned in the chart above
The best part is that cnxenergy has recently given a breakout after a long period of consolidation from it's flag and pole pattern.
TRIVENI TURBINE DAILY CHART ANALYSIS AS ON 14.01.2022TRIVENI TRURBINE as per daily chart analysis stock above 205 for a target 210. Resistance at 211. The market from JAN 2022 is in the one way run-up and the major resistance for nifty is at 18340/18348 and if the bulls can break and sustain above the resistance then the market will continue to be in the hands of the Bull. So far in this JAN 2022 FII selling has reduced much comparatively to OCT, NOV & DEC 2021. As we are nearing UNION BUDGET FEB 1st 2022 probably selling may not be more unless and untill there will be any major news. wishing you all a profitable trading.
Granules Breakout(Trendline+Resistance)Hello trader, the last stocks nmdc & tatasteel are performing well.
Speaking of the latest trades I caught granules giving a breakout but it didn't feel safe to enter as the horizontal resistance was not broken but now granules has given a breakout with a good strong candle and looks good for the upper marked targets.
The trendline breakout was an early entry and safer trade can be taken on the retracement of the horizontal resistance.
Buy above - 355
Better buy - 345 (might not retrace here)
Targets marked on the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.