Neckline
SBIN - Picking The Top- 307 to 277- Hot TradeHi All,
Excited to come up with this video idea. Thanks for all your support. In case you want to reach me -kindly use public chat unless it is too personal
Note
Personal Messenger Reverts can take some time for me as I get 100+ messages everyday & if someone of you asking me stock suggestion -that is not possible as I have to understand it astrologically also ( Janam Patrika - Birth Chart)
Looking at the Birth Chart of the Stock takes time.
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Note - This Trading Strategy is valid only if holds above trendline & support in zone 275-277 zone. Do consider your risk management before trading.
Trading Strategy
Last Price@280.50
Short Term Trading Strategy
Look for support from neckline extended in right side holding in the zone 275-277 & above the trendline is good opportunity to expect a bounce or upside move to 285 -290 levels where selling can happen later
Long Term Trading Strategy
Long Term Strategy - as put in last video idea - "Ulta Pulta- Upside Down" have mentioned we look for 200-210 zone - but with important stops in between like 275 - 250 & 200-210 zone
Last Video Idea - Ulta Pulta TradingView Feature
ESCORTS NecklineESCORTS is currently at it's Neckline in a weekly Time frame.
Observe the price action on multiple frames before taking any trade. The stock can go either direction from here, either fastly or steadily.
Observe daily Time frame and weekly for any conformational price action patterns/candles.
Marksans Pharmaceuticals Marksans Pharmaceuticals
Can exhibit a further up move or down move depending on further confirming price action at resistance line/ rounding bottom formation.
Fundamentally the stock is not in a bad position.
If price action breaks out in bullish manner, one can go long for medium to long term
Bank of Baroda Long Inverse Head & ShoulderClearly formed inverse Head & Shoulder pattern is suggesting a long entry. Being a defensive Trader, I would wait for a retest on Neckline which means possibility of missing the trade also as it does not happen always therefore other trader can buy at appropriate level depending upon their risk appetite.
Ambuja Cement at a Crucial Level(I May be Wrong)
Looks like Ambuja Cement is all set to rock and roll. Volumes are not supporting the move so it can go either ways. If it moves up from here with better volumes then it could be a trend changer or else its time to go short. Waiting for the confirmation. Please correct me If I am wrong.
Could go long with a SL of 197
SBI : Head & Shoulders - Near breakout zoneNeckline of this head n shoulders pattern is about to get breached and SBI is just hinging on slight support zone around there. We don't know how the markets gonna open today & Nifty also plays a part in opening,so it may be repelled up or can breakdown.We will enter this trade setup only if SBI has valid bearish close below 254 and when the price pierces into the Gap zone which always act as support.
Happy Trading !
NTPC : Head and Shoulders Pattern [15mins]This head & shoulders pattern is yet to complete and moving towards the neckline, wait for valid breakout at neckline before initiating short positions. This may or may not be intraday, can get extended for another day, so be sure about what position you are gonna take. Neckline has back to back supports, so be planned & prepared with whats your risk before entering the trade.
Hit "Thumbs Up" which keeps me motivated to post more ideas...Thanks for your support..
Happy Trading !