Multi
BATA India Mean Reversion Setup
- Self explanatory & Annotated Chart
- Key Levels are Marked
- Enter at BO level @ 1340
- Exit at Target level @ 1445 , approx 7-8% upside
- Time Frame is few Days
- Stop Loss level for Risk as per your choice also mentioned
- High probability setup based on AVWAP Study + Multi Time Frame + Pattern + RSI
- Stock is Bullish on all time frames for a Mean Reversion (am not posting charts of other time frames but have a look for yourself)
Good Luck :)
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Asian Paints: Trend analysis (Long bias)Weekly Time-frame:
Prices took support from long term support level and week ended with long wicked bullish candle. (long bias)
Daily Time-frame:
While analyzing weekly long wicked bullish candle, on daily time-frame prices broke the down trend-line with strong bullish momentum candle which signify possible trend change.
4H Time-frame:
After breaking down trend-line on daily time-frame, prices also broke the immediate resistance zone/level with the momentum and made a higher high which confirms the up-trend.
So, wait for pullback to occur towards support zone (above resistance zone which will act as a support now) for safest long trade.
Conclusion: This price action on every time-frame confirms long bias so one can initiate a long trade once prices come out of this zone with stop-loss below support zone keeping own risk to reward ratio in mind.
UPL - 60Min - More 10% downside ?UPL is in a deeper bear flag continuation pattern. The stock is approaching a key zone between 556 - 565. This will be the 3rd touch of the bear flag indicating pattern completion. If there are strong rejections at this area the stock can reserve and continue its move to the downside potentially till the 500 levels.
Sell Zone - 556 - 565
Traders should enter short only after the close of any rejection candle. ( pinbar, engulfing)
Stoploss - 570
Target 1 - 520
Target 2 - 500
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
BATA INDIA - 60MIN - POTENTIAL DROP ?Bata has been in a sideways channel on the daily timeframe for quite a while. The stock is approaching the 3rd touch of this channel at the top. The interesting thing about this is, it is approaching the top in a rising wedge formation giving us an idea of a potential dip in the stock. If the stock breaks this small rising wedge formation it has the ability for a downside of over 10%, so the Risk to Reward for traders in good enough.
Entry after the channel break - 1430
Stop - 1470
Target 1 - 1387
Target 2 - 1360
Target 3 - 1327
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
HDFCBANK Short Setup [Intraday]Please Consult Your Financial Advisor Before Taking Any Decision.
Educational Idea
NSE:HDFCBANK Sharp fall towards 2200 after market open which caused a runaway gap on the downside, only increases the probability of a short setup at 2279.15 with SL at 2290.50 and 2:1 target at 2256.45.
3:1 target at 2245.15 to be only targeted once 2256.45 has been achieved and SL to be moved slightly below entry to cover cost in case triggered.
Note: Always risk 1% of account size per trade, adjust the position sized based on it.
SUNFLAG - Hits all time high !1. Stock is trading at All time high, breaks out multi year resistance.
2. Stocks with these kind of break out will generally double in few months.
3. Company had announced its Excellent Q1 numbers recently.
4. This stock is good long term bet.
Note: Please do your own analysis before taking your position. Happy investing.!