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Tata Power 1st impulse after long consolidationTata Power has consolidated for about 18 months from top of Oct 2021 & we have seen clean 5 Wave rise from bottom now a pullback towards 205-200 would be good zone to long for long term & short term trades Tata Power is in our investment pick & we have a long term target above 2000. We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
NSE:TATAPOWERLong
by churiwalvikram
Greenply Faces Resistance, Breakout, and RetestNote: This analysis is for educational purposes only and should not be considered as financial advice. I am not a SEBI registered analyst. Greenply, a stock that has been facing resistance since December 2022, recently broke out of a rectangle pattern on 5th May with significant volume. After the breakout, the price has moved up and is now approaching a retest of the breakout level. The previous resistance level is expected to act as support. Here's a plan for potential trade entry: Buy Entry: Around 154.75 Stop Loss (SL): Below the daily demand zone, approximately 151.5 Target: Below the daily supply zone, around 162 Risk-to-Reward Ratio: 1:2 It's important to note that trading carries inherent risks, and it's crucial to manage risk through proper position sizing and risk management techniques. Summary: Greenply has faced resistance since December 2022 but recently experienced a breakout from a rectangle pattern. The price is now testing the breakout level, which is expected to act as support. Traders may consider a buy entry around 154.75, with a stop loss below the daily demand zone at 151.5. The target is set below the daily supply zone around 162, resulting in a risk-to-reward ratio of 1:2. Remember, always do your own research and consider multiple factors before making any trading decisions. If you found this analysis helpful, please like it and follow me on TradingView for more articles and trade setups. Thank you for your support, likes, follows, and comments. Your love and encouragement keep me motivated to write consistently. Catch me on TradingView for more insights and profitable trade setups! 📈📊👉 in.tradingview.com 🙌🚀 Keep learning, keep trading, and may the markets be in your favour! 🚀🙌 Technical Terms: Resistance : A price zone where selling pressure tends to overcome buying pressure, causing the price to stall or reverse . Breakout : A price movement above a key resistance level, indicating a potential continuation or reversal of the trend . Retest : When the price returns to a previously broken level to test its newfound support or resistance . Support : A price zone where buying pressure tends to overcome selling pressure, preventing the price from falling further . Stop Loss (SL) : A predetermined price level at which a trader exits a position to limit potential losses . Risk-to-Reward Ratio : A measure of potential profit relative to potential loss in a trade, calculated by dividing the target price distance by the stop loss distance
NSE:GREENPLYLong
by AfnanTAjuddin
VALIANT ORGANICSValiant organics the stock is trying to break out of its dynamic resistance downtrendline which had kept the stock in bearish territory since OCT2021 , if it manages to breakout and sustain above it, a new bull run is awaited in the stock , 2 days to go for monthly candle closing and need the candle to close above 540 levels , buy on retest of supports towards targets of 670/810 levels in short to medium term , can go big in longer term , view is invalid if monthly candle closes below 540 levels , keep strict SL at 450 levels
NSE:VALIANTORGLong
by sniper1290
Power of 25, 75, and 125-Minute Timeframes in the Indian MarketSelecting the right time frame for technical analysis is a crucial decision for any technical analyst. In the Indian market, the trading session lasts for 375 minutes, starting from 9:15 AM and ending at 3:30 PM. While many traders commonly use the 30-minute, 1-hour, and 2-hour time frames, these intervals often result in incomplete candles, which can distort the accuracy of the analysis. Instead, opting for the 25-minute, 75-minute, and 125-minute time frames can provide more complete data, leading to more informed trading decisions. Drawbacks of traditional time frames: When using a 30-minute time frame, there are 13 candles formed, with the last candle representing only 15 minutes of trading. This disrupts the technical analysis process. By switching to a 25-minute time frame, traders can overcome this issue and work with 15 complete candles per trading day. Traditional 1-hour time frames produce 7 candles, including a final 15-minute candle, which interrupts the smooth flow of technical analysis. By adopting a 75-minute time frame, traders can obtain 5 complete candles, offering a more comprehensive perspective on price movements. Instead of confining analysis to a 2-hour time frame, which results in an incomplete final candle, traders can harness the power of a 125-minute time frame. With 3 complete candles per trading session, each representing a 125-minute interval, a more comprehensive understanding of price dynamics can be achieved. Benefits: Enhanced accuracy in analysing price action, as each candle represents a complete interval of 25, 75, or 125 minutes. Reduced gaps in price action, as each candle becomes a complete unit of time. Clearer depiction of trends with fewer distractions from incomplete candles. Improved visibility of trends, as each candle provides a more representative snapshot of the price action. A more holistic view of the market, aiding in the identification of key support and resistance levels. If you utilize concepts like RBR, RBD, DBR, and DBD, it is recommended to use these time frames, as the presence of an incomplete candle can inadvertently impact your analysis. You may mistakenly consider the last incomplete candle as a base or leg candle, which can affect your overall analysis. Conclusion: In the Indian stock market, precision and accuracy are vital for successful trading. By embracing unconventional time frames like 25 minutes, 75 minutes, and 125 minutes, traders can enhance their technical analysis capabilities and gain a competitive edge. Although these specific time frames are available through TradingView's paid plans, traders without access can still utilize traditional time frames. However, it is essential to recognize the limitations and potential disruptions caused by incomplete candles. Embracing the power of these alternative time frames unlocks a clearer and more comprehensive view of the market, empowering traders to make confident trading decisions. This article is written by Afnan Tajuddin with the aim of encouraging Indian traders to adopt powerful timeframes commonly used by professional traders, to enhance their technical analysis skills. If you found this article helpful, please consider following me for more analysis and educational articles. Your likes and comments are appreciated, as they motivate me to provide more analysis for you. If you have any questions, feel free to ask in the comment box below. Thank you for reading this educational article.
NSE:NIFTYEducation
by AfnanTAjuddin
39
AU BANK, Buy Strategy!AU BANK has been consolidating and trading in a range since about 2 years now. When will it break out? I don't know, and if anyone says they do, they are gambling. But what I can say is that if price breaks out of the range with good volumes, there is a good chance that we will see the price trending upwards for some time, which would be a very good opportunity to make some healthy profits. Keeping that in mind - Buy above the white channel, if stock breaks out with healthy volumes. Stoploss below just below the white channel. A target of 940 is certainly achievable, maybe even more considering how long it has been consolidating on the weekly chart. That said I would still advise the age old practice of having a trailing stop loss in the form of a moving average or ATR, whichever floats your boat.
NSE:AUBANKLong
by Amit_Thakkar_