LOW
PGHL BRAKEDOWNNNNNThis posts are my personally traded stocks daily,I take trade mostly in all the stocks which i post and many more too which i am unable to post,as tradeing view limits my post to only 10 stocks per day,Some hits stoploss,some hits trailing stop loss,some give targets,some ends in cost to cost,some give Very huge profits too,So dont judge this channel on any one trade or one day,U take average of all trades and see the average returns,I am not responsible for any kind of losses or profits u face,PLEASE TRADE ON YOUR OWN RISK.
SELL BELOW LOW OF BRAKEOUT CANDLE
SELL AT 4642.15
SL 4742.55
IMPORTANT LOWER LOW ZONE OF BTC FROM JANUARY 2022 TO TILL MONTH A beautiful example of Lower Low broke zone in Bitcoin chart. These zones are very important price action range areas. Look at Lows of Jan, May , June & Nov, whenever this zones are broke , new zones and another new lower lows created. I want say if Nov month Lower Low break then btc will show another lower low like past month.
UPSIDE POTENTIAL IN UPL(FALLING CHANNEL)A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling channel” or “channel down“. The more such reversals occur, the more reliable the pattern.
There are three scenarios the price rises after breakout,
the price retests the trendline and that trendline now becomes support in both situations there is a good buy opportunity.
the third scenario is the breakout is fake and our stop loss hits.
this is not investment advice and I am not sebi registered this is just for my own educational reference.
HPCL rebound from lowsIt is on a verge to a rally unless 219 breaks on the below.
First target is 330 and then 490
Divd yield is 3.72%
Promoter holding 53.5%
Debt/ equity - 0.91
Pledged percentage - 0%
It is a good fundamental pick with comparitively cheap price compared to peers. Technically it is showing a rebound from its lows.
Due to increasing demand of economy recovery there is an expectancy of increase in EPS for further years.
Company is expecting prices to range between USD50-60/bbl in which case they are fine with this oil prices.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Nifty: Finally some Drama Nifty finally faces some intra-day selling pressure as the index failed to hold onto the day’s strong opening. There was some degree of selling which was again countered by a sharp intra-day bounce back to end the day flat. Now if we look closely, we will observe that since 22nd Dec’20 the index had managed to bounce back from its intra-day weakness on 5 instances. And post that bounce, these lower shadows or lows were never breached - such has been the strength of the underlying trend. So a break below the recent low at 14,476 will be the very sign of any serious price weakness, if at all. Till then make use of the momentum and look for upside breakouts.
Trade Well. Trade Wise.
BSV weekly open == low might mean there is room for it to drop.In my trading days usually a candle stick usually has two wicks, one for the high and one for the low. This week is a perfect set up where the lowest part of the candle is also the open of the candle. That means the week opened up the bottom wick didn't form and bsv went up right away. If 90% of the time both sides of the candle has a wick, then this is a pretty good indicater that the price currently at 180$ will drop to form a bottom wick making the weekly low lower than the open. This is probability on my side, and I only sold a fraction of my position to capture some profits then get back in to increast my position. This week is contraversial to the last post I made about BSV, but as the price changes so does the plan. God bless.
NOCIL testing upper resistance on daily basis(Possible Breakout)NOCIL is a specialty chemical company and is related to rubber manufacturing chemicals. With the auto sector starting to resume business, the demand for these chemicals by tire manufacturing companies with gain traction. Fundamentally it is a good stock.
Currently, it is trading in a zone and testing the upper resistance regularly as per the 4hourly chart.
In the last 3 trading sessions, the script has crossed its 50 and 100 days EMA
.
Volumes have also marginally increased in near term
It seems there is a probability of breakout and the stock reaching the levels of 98 in the near term.
The stock has good fundamentals (check on tickertape) as it meets all the investment checklist and available at lower valuation hence can be held for mid to long term for stable gains.
CNBC has recommended the stock for long aswell.
(Please note these are my personal views and for information purpose only. Invest at your own risk.)