Momentumstrategy
JSW Energy clearly showing an uptrend in Positional Trade.JSW Energy shows strong momentum in the weekly chart as parallel lines are supporting it to be a strong indicator of being in an uptrend. Volume is also supporting the clear breakout of an all-time high. In the coming days or week, we could expect the price to rise above 100 and could touch 110.
NIFTY TRADE SETUP FOR WEDNESDAYLevel Mention on chart
14780 - 14560 is market range .
Till market trade between these range .
LEVEL mention on chart.
stay long - bullish candidateresistance break with volume spike
rising price with rising volume - great sign
momentum bullish side
rsi of multi time frames above 70
new all time high = 1902
stay long 🪁🪁🪁
disclaimer - trade @ own risk
wait n watch entry above 45000 - 45100
for a stronger buyer
1st tgt 45280 zone
rsi for time frames
daly and weekly yet to gain momentum
so wait n watch
disclaimer - trade @ own risk
view based on rsi+adxThe relative strength index (RSI) is a momentum indicator used
to measures the magnitude of recent price changes
to evaluate overbought or oversold conditions
RSI now in above chart shows neutral momentum
between 45-55
ADX is majorly used by traders to see the strength of a trend
it does not tell if the trend is up or down but says
how strong is the current trend
hence, high readings indicate a strong trend and low readings indicate a weak trend.
ADX now in above chart shows its all lines are entangled
indicating less strenght and looking for next direction
using this two filters
it seems better to
wait and watch as of now
note :- its said :- in trading/investing its not about how much you make but rather how much you dont loose
disclaimer - trade @ own risk
stay long - reasoning belowmomentum rsi study
hourly=76 > 4h=73 > daily=70 > weekly=68
all big time frames above 55mark
as per this parameter - stay long till
daily rsi close is above weekly close
weekly time frame can be kept
as support trend line for long
rounding pattern neckling cross on 4hour tf
weekly chart below for reference
sale based on head & shoulder + rsi OBSERVATION :
👉HEAD & SHOULDER NECKLINE BREAK
👉MOMEMTUM VIEW :-
15mn RSI > 25
1hr RSI > 31
4hr RSI > 34
D RSI > 38
INTERPRETATION :-
ALL FRAMES RSI BELOW 45 = BEARISH MOMENTUM
ascending triangle based tradebreakdown below 8630-20 (on closing basis)
can open targets -
8410 , 8200, 7990
stop 8850-90
positional hold
🛑chart pattern :- ascending trianlge 🛑
🛑technical wise :- support line break 🛑
🛑momentum wise :- bearish 🛑
disclaimer - for study purpose only
bank nifty RSI based observationDAILY RSI = 73
4H RSI = 68 ( ABOVE 65, LESS THEN DAIILY RSI)
HOURLY RSI = 65 ( @65, LESS THEN 4H RSI)
15mn RSI = 56 (LESS THEN HOURLY RSI)
🛑OBSERVATION🛑 :-
ABSOLUTE MOMENTUM IS BULLISH ON ALL TIME FRAMES
RELATIVE MOMENTUM SEEMS ON WEAK SIDE
SUCH SITUATION CAN BE INTERPRETED AS
OVERALL BULLISH TREND BUT WITH SIDEWAYS MOVE
disclaimer - for study purpose only.
Tech Mahindra | Reversal Trade | bearish Parallel Channel 🎯=====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
Don't rush to buy cause range breakout is still pending ....if breakout happen then only place the order
--Buy above =910.35 or CMP
--Target = 917.35 | 920
--Stop-loss =907
--Lot Size = 1200
--R:R = 3.18
--Expected Profit = 12,000 ₹ per lot ( 1.15% )
--Expected Holding = 1-5 day only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
======================================================
⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) TechM has formed bearish parallel channel
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Range breakout Trading is happening here
4) All the possible support & resistance is mentioned on the chart
======================================================
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
XMR- looks weak but still bullish compared to other cryptoBuy on Dips, once it breaks the near resistance it can easily move above 140+ range
NETWORK 18 - BREAKOUT REVERSALMedia Index hasn't really participated in the rally. Nifty Media is 122.4% away from ATH. Hence, some FIIs buying can be expected here. Network 18 also constitute around 6% of Nifty Media. I expect some rally in this stock. A small portion of the amount can be diversified here for positional play.
Target - 45
Type of Trade - Positional Swing
Duration - 45 days.
Returns expected - 18.4%
4 to 8 weeks Breakout + ShakeoutAfter a 122% Move in Last 10 weeks and a 259% move from its 52 Week low. Ester went in to a 4 Week Consolidation which is generally a good sign, Post Breaking out of this Base on 16th September it reversed and came down for 2 Weeks and then came the breakout again on 5th October which was stronger than the first one as the weaker hands were out after the first failed BO. Technically Entry on the first breakout may have resulted in being stopped out but as they say you should never stop watching a stock immediately after being stopped out of it once.
MOMENTUM is a perfect indicator to ANTICIPATE the market!!FAIR value:-3,148.05 / STOCK TRADING ON:-4,401.60, Its's gives us a oppurtunity to SHORT SELLING !!
It's time to SHORT SELLING!!!MOMENTUM is losing & SYOCK PRICE is growing means theres a hiden oppurtunity for short selling
HCLTECH | LONG | MOMENTUM TRADINGgood risk reward ratio. go long after breakout
For education purpose only.
Tata Steel Looking BearishThe momentum and run of Tata Steel was good in the recent days touched good high but somehow the momentum is getting slowed.
And RSI is in overbought zone along with Doji Candle at the top seen price rejection previous candle before Doji
Can be kept under watchlist
Prince Pipes Momentum Long - Weekly/DailyNSE:PRINCEPIPE has given a breakout on Weekly and Daily Time Frames. On weekly charts the RSI is also showing that the stock is gaining volume and is in the sweet 60-80 zone. Further, on daily charts the RSI is near 75 level. The stock can move forward a little bit so one can take an entry right here and further wait for retest (that is when the RSI will be in overvalued zone and move downwards along with the price) - where it could be added more.
(NYSE:TWLO)Twilio-time to board the train?
Trend is a best friend - in this COVID area probably all the technology stocks have a fantastic run.
The Twilio Stock Skyrockets as More Companies Adopt Cloud-Based Communications
Twilio is a cloud communications platform as a service (CPaaS) company based in San Francisco, California. Twilio allows software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs.
Exceptional Volume
Disc: Not Invested as yet, Trade @ own RISK. Education purpose only. Risk Management is the key.
/list]
