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Meanreversion

Short-Term Swing Trade:QBE:ASX Insurance Post-New Caledonia NewsTrading Idea: QBE Insurance (ASX) Technical Analysis: QBE Insurance, listed on the ASX, has experienced a price drop following recent news from New Caledonia. Despite this, the stock remains in an overall uptrend and exhibits strong fundamentals, making it a potential candidate for a mean reversion trade. Stock has generated Bullish candle stick pattern with RSI breaking out and rising Entry: Current Market Price (CMP): $17.75 to $18.00 Stop Loss: Lower of previous candle: $17.40 to $17.42 Target: If the price crosses the 9 EMA or reaches $18.45 Risk Reward: Ratio: 1:2 to 1:2.5 Allocation: Up to 5-6% of your capital Type: Short term swing trade (1-2 weeks) Conclusion: Given the recent price dip and the strong overall uptrend of QBE Insurance, this setup offers a favorable risk-reward ratio for a short-term swing trade. Consider entering within the specified range and manage risk with the defined stop loss and target levels.
ASX:QBELong
by hrishikeshrahalkar
BSE Sensex Ending Diagonal CAUTION!Attached: Sensex Daily Chart as of 19th June 2023 The Ending Diagonal is more evident and clean in BSE Sensex rather than NSE Nifty 50 (although you can observe in Nifty as well), which is why I have chosen to share the Sensex Chart Observe: - A well defined trend line with multiple touch points - Presence of a Bearish RSI Divergence - Daily MACD already in Sell mode All that is needed is break of Today's Low and a Close below it (which would also give the Trend Line breakdown simultaneously) and then that would activate the Ending Diagonal/ Rising Wedge Breakdown The First Downside Target for this pattern would be point b which comes to 62380🎯📉
BSE:SENSEXShort
by T_Harth
Extra-ordinary gains for kpit tech will end soonkpit tech, a tech company which was listed on 2019 and since then the stock is quite giving extraordinary gains. if you look at the chart from lows it has given 22x returns but if you see its fundamentals then its revenues and profits have merely grown 2x. so clearly i see its fundamentals have deviated from its price and in this type of market where stocks are getting butchered , its still commaning a PE of 70! . also on charts i see its lacking momentum at highs and RSI indicating a bearish divergence .so after all this i will short the stock till its mean . thank you
NSE:KPITTECHShort
by prathameshzad
Nifty IT heading for correction to sideways move.At Red arrows One can clearly see when moving averages 20 SMA & 200 EMA go far away from each other and also the price goes much away then, basically expansion phase, the there is pause in momentum and There is sideways to downward movement. This is Contraction phase. Basically mean reversion of price. At Green arrows For a healthy up-move price & moving averages should come close to each other, basically contraction phase, then only rally in IT stocks start that is again the price go in expansion mode. Mean reversion is complete here. Price again starts to move away form averages & averages start to go away from each other, this is the beginning of expansion phase Now we are already moved up much higher and away from moving averages and moving averages have also moved away form each other. Current move is much stretched. Now if the above observation holds true in current case we may see a sideways to downward move in coming days. Now no one can predict how much up-move is still pending but yes the fresh buying at such high levels must be avoided. Booking profit in existing positions must be done. Nifty IT can even rally more but the upside will be capped and breakout trades will fail here in individual stocks. Fresh Longs should be avoided and short trades should be looked upon. At such stretched moves Risk for short trades is much lower and Long trades is much higher. Partial booking of profit in long positions and holding rest with CTC is advisable as of now. One can take it as a warning sign to long positions! Everyone knows how to enter trade, but many still lack the exit plan. After trend reversal everyone will sell or buy but to take out maximum juice out of the rally you need to have such reversal points based on previous moves. If you go by bookish knowledge you'll buy at such higher levels based on breakouts and when such breakouts fail will be stuck at higher levels. For example everyone knows buy after a morning star & sell after evening star, but which Morning start to sell and which evening star to buy is the real key to make super gains. Pro- Active approach is rewarded higher than the Reactive approach
NSE:CNXITShort
by varadtambolkar
LAURUS LABS BO and retrace tradeNSE:LAURUSLABS Levels are Mentioned in the chart... Look for Swing Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
NSE:LAURUSLABSLong
by tradingrhythm1
UFLEX Swing opportunityNSE:UFLEX Levels already mentioned.. Good for Swing... Appreciate our work by like, share and following.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
NSE:UFLEXLong
by tradingrhythm1
ZENSARTECH Swing tradingNSE:ZENSARTECH Levels already mentioned.. Good for Swing... Appreciate our work by like, share and following.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
NSE:ZENSARTECHLong
by tradingrhythm1
COSMO FILM triangle pattern - Swing tradeNSE:COSMOFILMS Levels already mentioned.. Look for Swing.. Appreciate our work by like, share and following.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
CLong
by tradingrhythm1
DLF Moving average Mean Reversion Levels already mentioned.. Look for Positional.. Appreciate our work by like, share and following.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
NSE:DLFLong
by tradingrhythm1
Bandhan Bank Channel mean reversion - SwingNSE:BANDHANBNK Levels already mentioned.. Look for intraday to Swing.. Appreciate our work by like, share and following.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
NSE:BANDHANBNKLong
by tradingrhythm1
SBILIFE Breakout and retest tradeNSE:SBILIFE Levels already mentioned.. Look for intraday to Swing.. Appreciate our work by like, share and following.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
NSE:SBILIFELong
by tradingrhythm1
BAJAJ Finance View - Mean reversion tradeNSE:BAJFINANCE Levels already mentioned.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
NSE:BAJFINANCELong
by tradingrhythm1
3
ASHOK LEYLAND channel pattern for mean reversionNSE:ASHOKLEY Levels already mentioned.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
NSE:ASHOKLEYLong
by tradingrhythm1
2
BALAMINES Setup in lower running channelNSE:BALAMINES Levels already mentioned.. Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
NSE:BALAMINESLong
by tradingrhythm1