Get started

Longtradesetup

MPHASIS - TRADE OPPORTUNITY ON LONG SIDESymbol - MPHASIS CMP - 2251 Mphasis, a global provider of Information Technology solutions specializing in cloud and cognitive services, leverages next-generation technology to assist enterprises in transforming their businesses worldwide. Recently, Mphasis has experienced a decline due to selling pressures in Nasdaq and U.S. IT stocks, as well as negative data and news flow related to the IT sector. Currently, Mphasis is approaching a crucial support zone in the range of 2250–2180 which has held since July 2023 I anticipate a significant rebound from this level, which is why I am entering long positions in Mphasis Futures at the current market price of 2251. Should the price reach the 2200 range, I will consider adding additional positions. To manage risk, my stop-loss is set at 2170, providing protection in case the support zone fails to hold and the price moves lower. On the upside, I am targeting price levels of 2400 and 2500 Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:MPHASISLong
by akshit_official
TATA COMMUNICATIONS - TRADING AT MAJOR SUPPORT ZONESymbol - TATACOMM CMP - 1388 Tata Communications Ltd. has shown weakness over the past few months, with the overall technical structure indicating a bearish outlook. However, the stock has recently reached a major demand zone, which lies between the 1380-1350 range, a level that has held significant support in previous price actions since 2021. This zone could act as a strong demand area, potentially offering a good trading opportunity at current prices. The stock has been under selling pressure in the short term, but as it approaches this demand zone, the probability of a reversal or at least a short-term bounce increases. The technical indicators suggest that the stock is at a crucial level where the demand could pick up, leading to a possible upward movement from current levels. Although the broader trend has been bearish, the price action near this support level creates an attractive risk-reward setup. Given the recent price action, I am taking long positions in TATACOMM Futures at 1388. I will look to add more positions if the price reaches 1360-1350 range. My SL is set at 1325 to manage risk, ensuring protection in case the price fails to hold the demand zone and continues lower. The target I am expecting is 1520, which represents more than a 10% upside from current levels. This target aligns with previous resistance areas and the potential for a bullish move once the stock stabilizes at the demand zone. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:TATACOMMLong
by akshit_official
GBPUSD - TREND REVERSAL?Symbol - GBPUSD GBPUSD is attempting to capitalize on a potential trend reversal amid the ongoing correction of the U.S. dollar. The price is currently testing a key resistance level within a consolidation phase, indicating a possible breakout. On the daily timeframe, the price remains above the previously breached trendline, with the effort to surpass the resistance providing insights into market sentiment. A continued correction in the dollar could benefit the British pound, particularly if the U.S. Dollar Index breaks below 107 and moves toward the 106-105 range. From a technical perspective, attention is centered on the 1.257 level, which acts as a crucial resistance threshold. A sustained break and consolidation above this level may trigger a rally. Resistance levels: 1.2575, 1.2718 Support levels: 1.250, 1.2377 I do not rule out the possibility of a retest of the 1.250 support level to accumulate liquidity before further upward movement. The dollar is expected to continue its correction following remarks from Trump and Powell regarding potential rate cuts.
Long
by akshit_official
GAIL - EXPECTING A BOUNCESymbol - GAIL CMP - 158.10 GAIL Ltd. has been following a downward trend over recent months, with the overall technical structure remaining bearish. However, the stock has recently reached a crucial support zone, which lies between the 154-162 range, a level that has held strong since January 2024. This area serves as a key support zone, and it could offer the stock a potential bounce from its current bearish trend. The stock is currently forming a rounding top pattern, a classic bearish formation that indicates a possible continuation of bearish trend at current levels or even trend reversal. Despite the overall bearish pattern, the price is consolidating near this important support level, which increases the probability of a bounce. While a short-term upward move is possible, the stock may resume its downtrend after this bounce. In the short term, the trend is still slightly bearish. The stock has encountered some selling pressure near its support zone but is testing the resilience of this critical level. For me, The current market price around 158 offers an opportunity for a long position. It may be prudent to add more to this position as the price moves toward 153-152, while keeping a stop loss at 148 to manage risk. However, if the stock breaks below 150 and sustains below this level, the current bounce scenario would be invalidated, and the stock would likely face further selling pressure, accelerating the downtrend. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:GAILShort
by akshit_official
OMUSDT - BULLISH MOMENTUM MAY PERSISTSymbol - OMUDST CMP - 7.2828 OMUSDT remains an attractive asset, with consolidation forming in a flag pattern within the prevailing bullish trend. OMUSDT continues to form consolidation within the uptrend, and growth may follow if the resistance at the local channel is broken. The price structure appears robust, especially in contrast to the generally weak performance of the altcoin market. Following Trump's speech yesterday, Bitcoin managed to surpass local resistance and entered the buying zone. If the price maintains a position above the 96.5K - 97K range and sustains its upward movement, certain altcoins may experience bullish momentum, which could propel them higher, including the already strong OMUSDT. From a technical standpoint, the focus is on the local descending flag channel, with two critical support levels at 7.324 - 7.213. A false breakdown at these levels could trigger a continuation of the upward movement. Key resistance: 7.755 Key support levels: 7.324, 7.213 The catalyst for continued growth lies in breaking through the channel boundary and the resistance at 7.755. Currently, the price is still distant from this zone and is approaching the support levels. A retest of the liquidity zone may culminate in a bullish impulse.
Long
by akshit_official
CHFJPY - TIME FOR A LONG ENTRYSymbol - CHFJPY CMP 167.28 CHFJPY is currently trading within a key support zone, which has been acting as a major support area since November 2023. This level has provided a solid foundation for price action, and its importance in maintaining the current bullish trend cannot be understated. In my analysis, CHFJPY is presenting a good opportunity to initiate long positions at this juncture. The current price level appears to be well-positioned for upward movement, making it an ideal entry point for traders looking to capitalize on potential gains. However, there are critical levels to monitor for the potential shift in trend. A breakdown below the 166.30 area could prompt further selling pressure, and a sustained move below 165 would confirm the transition from a bullish to a bearish trend. In such a scenario, a retest of this breakdown level would provide a viable short trade opportunity. On the other hand, in the case of a recovery, which I am expecting, CHFJPY could see a rise toward the 169.20 and 170.30 levels. These levels represent key resistance points, and a successful breach of these zones could signal a continuation of the bullish trend. Key Resistance levels: 169.00, 170.30 Key Support levels: 167.20, 166.30
Long
by akshit_official
BULL FLAG FORMATION IN ADANI GREEN ENERGY - SWING TRADESymbol - ADANIGREEN CMP 988 Adani Green Energy Limited, incorporated in 2015, is a holding company of several subsidiaries carrying business of renewable power generation within the group and is primarily involved in renewable power generation and other ancillary activities. In Adani Green Energy, a bullish flag formation has developed. A breakout from this formation is expected to drive the price towards 1240, representing an approximate upside of 26% from the current level. I am initiating a long position in the Futures at the current market price 988 Additionally, I plan to increase my position near the 970-965 price range and will maintain the long position with a stop loss at 938 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:ADANIGREENLong
by akshit_official
BULL FLAG PATTERN IN INDIA CEMENTS - POSITIONAL LONG TRADESymbol - INDIACEM CMP - 353 India Cements is forming a Bullish Flag pattern after a good run. It is consolidating at higher levels & buyers are looking strong & not giving up. Breakout of this Flag pattern can lead the stock price towards 650 which is approx. 90% upside from current price. I have made a long position at CMP and will add more position around 390, which is breakout zone. Stoploss I am following is 330. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:INDIACEMLong
by akshit_official
MCX COTTON CANDY - TRADE IDEA ON LONG SIDESymbol - COTTONCNDY1! COTTONCNDY1! is currently trading at 55800 I'm seeing a trading opportunity on buy side. Buying COTTONCNDY1! Futures at CMP 55800 I will add more quantity at 55000, If comes. Holding with SL 54200 Targets I'm expecting are 57150 - 58200 & 59200 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:COTTONCNDY1!Long
by akshit_official
2
NIFTY50 DEC OPTION SWING TRADE IDEA FOR HUGE PROFITNIFTY50 is currently trading at 26075 & trading at new life time high. There are a lot of fundamental, technical & valuation reasons why I am taking this trade. I'm seeing a trading opportunity with very good RR. I am taking long positions in NIFTY DEC MONTHLY 25000 PE at CMP 240 I will add more quantity around 100-120, if comes & Hold with stoploss of 40 Risk in this trade is 140 points & reward is huge. If any external event takes place which is not factored in by local & global markets, Then we can see 10-20% correction easily given current overvaluations. Hence I am taking this trade. I am not taking this trade to hedge my portfolio. I am already sitting at 75% cash & only 25% capital is invested as of now. I have bearish view on market at current valuation & I have 3 months time too which makes this trade a perfect trade with great RR. ENTRY, SL & TARGETS are mentioned in the trading idea. If any panic happens, In that case we may see all targets getting hit. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NLong
by akshit_official
8
VAIBHAV GLOBAL - POSITIONAL SWING TRADE IDEASymbol - VAIBHAVGBL Vaibhav Global Limited, through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewelry, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. This stock has made a consolidation base already & currently trading at a good support area. I'm expecting this to go into advancing phase soon. Hence I'm buying this at CMP 322 with SL 250 for 510 - 600 - 710 targets. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:VAIBHAVGBLLong
by akshit_official
ASIAN PAINTS - POSITIONAL SWING TRADE IDEA IN CASHSYMBOL - ASIANPAINT Asian Paints is the largest home decor company in India. The 80+ year old company has major brands like Asian Paints, Berger, Apco etc. under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows. Asian Paints is currently trading between two major supply and demand zones since a long time. CMP of Asian paints is 2700 & It is approaching demand zone on weekly basis. I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers. Current PE of Asian paints is 46 which makes it a value buy at CMP. I'm investing 50% allocation today at CMP 2700. I'll invest 50% more at 2580-2600 levels & will hold this position with 2500 as SL. Targets I'm expecting on long side will be 2950 - 3220 - 3410 & new ATH. I'm ready to hold this trade for 3 - 6 months. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:ASIANPAINTLong
by akshit_official