Moving Averages
ZYDUSLIFEThe chart is self-explanatory and shared for educational purposes. The ZYDUSLIFE stock is trading above the 50, 150, and 200 moving averages. The resistance level has been broken with a small correction and is now sustaining above it. This resistance could now act as support. Considering the current aspect, the stock could move further upward.
DLF Chart set up and my trading strategyDLF
We are looking at daily charts of DLF
- the stock looks like trading in down trend channel since Apr 2024
- the stock is trading below both 21 day and 63 day EMA
- 21 day EMA is below 63 day EMA
- channel resistance around 840
Chart structure is looking weak
- likely support zone around 200 day EMA which is currently around 769
Given the set up and my view, my trading strategy
Sell DLF 29 Aug 2024 850 Call option currently around 19.5
Review point if DLF sustains above 842 on closing basis
In built protection for a rise up to 869.5 till 29 August 2024 (giving ample scope to adjust / exit with less damage in case view is wrong)
Max profit potential (Rs 16087) on Margin (Rs 126800 approx) : 12.5% approximately till Aug 2024 expiry
The strategy covers known risk and provides some cushion above those levels to some extent and provides decent ROI potential.
Do not follow me blindly.
Understand the implication of the strategy and learn to manage your risk
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Sonata Software - Breakout Strategy with volumes !!!Sonata Software has given a breakout of the price range with huge volumes. We can see price moving towards ATH. Other factors:
1. Tech sector is moving upwards
2. RSI is above 60 showing bullishness
3. MACD is positive
4. Fundamentally stock is great
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
SUZLON ENERGY 1 MONTHResistance Levels (Red Dashed Lines):
Around 363.15
Around 278.55
Around 114.77
Recent Price Movement:
The stock price is currently 57.83.
The price has shown a significant upward movement recently, indicated by the blue candlesticks.
The stock has broken above the 200 EMA, which is a bullish signal.
The stock has also broken its 52-week high, further indicating a strong upward trend.
***Please note that this analysis is based on a limited time frame and should not be considered as financial advice. It's always recommended to conduct thorough research and consider multiple time frames before making any investment decisions.
Analysis of Hindustan Copper Chart (15 MIN Timeframe)The Hindustan Copper chart presents potential trading opportunities based on key resistance and support levels, coupled with the 50 and 200-period moving averages.
#### Key Levels:
- **Resistance Zones:** 335-347 and 355-375.
- **Support Level:** 301.95.
#### Trade Ideas:
1. **Long Trade:**
- **Entry:** On a breakout above 325, confirming the bullish momentum.
- **Target:** The immediate resistance zone around 335, providing a potential gain of 9.45 points (2.90%).
2. **Short Trade:**
- **Entry:** On a breakdown below 319, indicating bearish momentum.
- **Target:** The support level at 301.95, yielding a potential gain of 12.40 points (3.90%).
#### Educational Points:
- **Support and Resistance:** Understanding these key levels helps in identifying entry and exit points for trades.
- **Breakout and Breakdown:** Trading breakouts above resistance and breakdowns below support can capture significant price movements.
- **Moving Averages:** Utilizing the 50 and 200-period moving averages assists in confirming trends and setting stop-loss levels.
- **Risk Management:** Always set a stop-loss to protect your capital and ensure proper position sizing to manage risk effectively.
Budget day trading levels BN 23/07/24.Banknifty prior to the budget day closed flat and there are chances of a trending market owing to the news.
On the hourly charts, the market has consolidation after the first hour candle. Consolidation is good to make the break out/ down to travel.
Market is trading around the 20 ema and above 200 ema. If the market break below the moving average, trade using MA strategy can be entered.
Major support levels :- 52160, 51940
Resistance levels :- 52420, 52630
Wait for the price action near the levels before entering the markets.
Bullish break out in the stocks for this week 08/07/2024..
ONGC is a government sector company is trading around the resistance zone. If there is a break out of the consolidation zone good returns can be captured in the stock.
The stock has taken a good support from 20 ema which also gives a confidence to hold the stock for a swing trading.
Even on the daily charts, the stock has test the 200 ema and chance of it clearing the resistance level is high.
A round number figure of 300 can be seen as the next resistance as the stock will be trading in an uncharted zone after the break out.
Kotak bank has been trading in a range and the upper resistance zone is around 2050 levels. The stock is currently trading around 1850 levels and has taken support from both the moving averages on the weekly charts.
If the stock sustain the break out there are chance of it hitting the resistance level soon. The target for trading are there on the chart.
Long term stock positions can also be created in the stock as it seems to show some bullishness.
Wait for the price action near the levels before entering the market.
GODFRYPHLP Trade ideaWe are seeing a Double TOP of 44 Ma signaling a further uptrend. We get more confidence by seeing RSI taking support and also showing Double Bottom. Your buying point is The green candle that touches 44 Ma at number two. Buy above the High and stoploss below the low. A target of 1:2 or 1:3 should suffice. This is only for educational purposes as I myself am a trading student
IIFL Finance - Perfect recovery candidate!!!!IIFL Finance is a perfect recovery candidate. Out of accumulation phase, it has given breakout and showing bullishness. Moving towards 650+. Others factors:
1. Breakout with volumes from accumulation phase
2. Volumes are building up
3. RSI postive
4. MACD positive
5. 20EMA crossing 200EMA
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
Silver Micro Futures (MCX), View for 5-JulyThe degree and nature of separation in both bands indicates a strong uptrend. Also the price is trading in the positive zone with a RSI of above 50. The price tends to move higher and could test the level of R1-94,489 with a stop out level of S1-89,800.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 5-JulyContinuously the price is facing resistance from the level of 122 and the price has failed to close above the level of 122. But today we have a very weak negative candle. So, the trend is negative with weak strength.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Breakout with buildup_LupinCurrently Lupin trading @ ATH.
Pros:- Stock closed ATH.
* Stock consolidated Almost 150days in weekly Timeframe.
* 💔 Breakout with build-up in weekly Timeframe.
* Bullish candle close @ Weekly Timeframe about to happen in weekly Timeframe.
* 20 EMA Support in weekly Timeframe.
*
Cons:- Index @ ATH
* If index reverses from ATH, Hedging will help you out with better results.
Happy Trading!! Only for educational Purpose.