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Momentumstrategy

Contraction Near Old Supply ZonesWhenever A Stock Starts Getting Tighter Near An Old Supply Zone , It Can Be A Good Buying Opportunity. Gati Here Started Getting Tighter Near Its Supply Zone From March 2019 In February 2021. The Contraction Was So Tight That The Stock Moved Only Between The Range Of 94.5 ( High ) & 90 ( Low ) For The Entire Week. I Went Long @ 95, The Stock Made A Big Move of 22% In the Next week and hit another supply zone at 119.4 but never came below my buy price, infact it started getting tighter again and broke through that zone too. The Story has just been repeating itself since then.
GLong
by mohit_nischal
CAMLIN FINE SCIENCES ( darling speciality chemicals sector)stock is has a lot of potential for growth in a very fast growing industry.(until over allocation and misallocation of capital happens by the management this industry will be very good, moderate entry barriers profit pools most likely to stay just like WB said a shitty stock in a great industry is greater than a great stock in a shitty industry levels are all mentioned on the chart like the idea and follow me if you want more such ideas cheers
NSE:CAMLINFINELong
by S1OS6A18
Bandhan Bank is shaping up to be a good longExperimenting with Bollinger Bands here. We can see that price has closed above the UB and the bands have started to expand. With RSI just under 60 and price a smudge under 50DMA, NSE:BANDHANBNK could be a good momentum pick. Tomorrow's price action might validate the idea and give confirmation. Given that this trade is based on momentum, an SL below today's low seems fair, with T1 being 334 and T2 being 351. Important to note the hurdle at 324. Note: I already hold Bandhan Bank so my view may be biased.
NSE:BANDHANBNKLong
by MarketsWithKR
IIFL Securities - Ascending Triangle Pattern BreakoutIIFL Securities has given a ascending triangle pattern breakout with breaking its all time high price of 65.5 on weekly chart. CMP : 75.85 Target : No Target, Let your profits run as long as your trailing stop isn't hit. Trailing Stop : 60.5 (10 weeks EMA), will go up every week. Merits: 1. Ascending Triangle Pattern Breakout 2. Weekly closing above "All time high" 3. Increase in volume by 10 times (Crosses ATH with a weekly volume of 22mn as against an average of 2mn per week). Happy Trading!!!
NSE:IIFLCAPSLong
by Jatinmehta19901
7
SAIL IS GOING TO BE A RAIL AGAINSAIL is creating a base again to be a bulllish RAIL ----------------------------------------> As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a swing/positional trade after few days) FOR INTRADAY TRADERS( only for 31-05-2021) 1- It was totally bearish last day and CREATED A DOJI(could be a sign of reversal) as last candle (on hourly frame). 2- Also , since it came again to support, so it can jump again as momentum is increasing. LASTLY ITS UP TO YOU WHETHER TO TAKE A TRADE OR NOT, BUT FOR A SAFER SIDE, CAN EXPECT A PROFIT OF 4-4.5 Rs per share....... Happy Trading ..... :)
NSE:SAILLong
by aufficial
4
All time high has broken !!! Nifty50NSE:NIFTY Nifty 50 Has broken an all-time high now the question is will it sustain there or get liquidated there only. I have gone much deeper to feel the real momentum of the index whether the trend can be rideable from here or start booking profit from this point. If you go through my previous posts, I have tried to show the approach of a practical mindset which includes more data that we cannot see or feel on the chart but very much effective to decide the probability of the trend or direction along with the momentum. Now let's come towards Nifty50 current status. The index has given a breakout with a positive cumulative volume. If we go through the open interest data of the past one week, that the preparation of breaking the last highest point has triggered from a week back only, but the price-volume analysis of the last 2 months has shown that smart traders are still in the buying mood. It is very important that the index must trade above the 15385 to15432 range to keep this momentum up. It was very important for the Nifty index to come out from the Top Flat channel (TFC) and which has done perfectly. You may have seen that India VIX has also substantially decreased immediately after breaking the TFC. So, as per data and the sentiment analysis, I can see there is a probability Nifty to touch the 16000 levels very soon. But if it breaks the 15385 levels then the 15000 levels could be the major support zone, and once again top flat situation may arise with higher volatility. So trade safely... and let me know your views also...
NSE:NIFTYLong
by absu21