Nse
The Anup Engineering LimitedANUP:- The stock has given a breakout by forming a head and shoulders pattern and is back for retesting, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
KABRAEXTRU - Retest of head and shoulders pattern's breakoutKABRA EXTRUSIONTEC is currently trading above the zone that previously served as a solid support zone.
On the current timeframe and higher timeframes, the stock is trading above the 50EMA and 200EMA, indicating a positive trend.
We can see that the price has returned to test the head and shoulders pattern's breakout, and we can also see that the selling volume is becoming exhausted. The "Wave Volume Divergence" Indicator was used to analyse the volume.
The overall analysis indicates high probability buying opportunity, which is a low risk and high reward.
I am not a SEBI registered individual; my analysis is only for educational purposes.
If you find my analysis helpful, I'd appreciate it if you could like it and follow me on TradingView for more analysis like this.
NSE TRADING HOUR EXTEND IS A BAD DECISIONI came to know that NSE is extending the trading hours in India.
For equity till 5pm and F&O till 11.30pm.
I feel this is not a good move for the retail traders especially the positional traders like me because we have to watch the position till 11.30 pm. It create mental stress because no outing, no personal time etc we always have to watch the P&L to check the market condition. NSE says the logic behind seeking extended market hours is to have an overlap with the European markets which the exchanges hope would mean increased volume.But it definitely will not increase the volume in market because many retail people will quit their trading job either because of stress due to long trading hours or by blowing their account by over trading. We all know that the success rate for day traders is estimated to be around only 10% .It will increase if trading hours increased . So in long term this idea will not help to increase the volume in market instead it do the opposite. and the real factors had nothing to do with the trading hours. For example, t he SGX Nifty trading took off in a big way because traders did not have to pay STT while trading in the SGX as opposed to the Indian markets .Still There are so many negative points than the positive.
Point 1: If F&O market traded til 11.30 pm after equity market closed there will be a gap up or gap down will happen in equity market next day
2: The high volume takes place in the first and last hour of trading because retail traders getting executed in the first hour along with news based trades. The last hour goes in squaring off their positions. Most of the mid-session is generally dull and any movement is largely news-driven. Extending the market hours will result in extending only the dull session of the market.
3:Longer trading hours will mean greater pressure on brokers thus lead to increase in brokerage charges even taxes.
4: Longer trading hours in the Indian stock markets can potentially decrease the over night risk is the only positive reason pointed by many experts . we all know that we can hedge our position during market hours if there is some global events going to happen.even if traders feel about the over night risk they can always hedge their position in us market or any global market.Let the retail traders to take hedge in global market is the best solution i think.
Better SEBI create a platform to vote for new ideas from market participant before execute it in the market.
AMBUJA CEMENT INTRADAY SET FOR 21.02.2023So , here I share with you the strategy for Intraday Trading for AMBUJA CEMENT . On daily time frame the Stock with CMP as 352.45 has already entered the reversal pattern and has potential to go trend up till 595. On lower time frame , i.e. 15 Mins , the stock is in range. If Stock Breaks this range , as detailed in the chart , we can enter the trade with different entry levels and targets.
Remember , the Chart has just entered the uptrend and thus we shall only look for the opportunities to buy.
Our First Condition to enter the trade is Break out @ 356.75
Technical Indicators on 15 mins candle :
CMP : 352.45
MA50 : 350.07
MA200 : 352.31 ( Making Golden Cross Over)
RSI : 55.62
ADX(14) : 24.26 ( Directional Strength )
ATR (14) : 2.6 ( High Volatile )
To understand Market Structure at daily frame, please refer to the link.
Share your Views and boost my idea if you agree :)
NAVA Ltd - Consolidation going on for last one yearOnly for educational purpose.Not a recommendation . No big movement is expecting.
Stock from power sector . Fundamentals are also moderate with fair momentum. Immediete resistance @255 and support @ 227 . No high movement expected .10-20 points can be moved from here in a 6 month run.
RAIN INDUSTRY LONG TERMRAIN INDUSTRIES :
On Weekly Time Frame it shows break out is awaited within few days, may be in the very next week. If it breaks out (Whose probability is high as it is currently supported by 200 EMA) , long term target would be 340 with some resistance at 240. with a very small SL , one can plan a long-term profit booking from this stock.
Stock PE : 4.50
Industry PE : 13.60
Market Cap : 5644 Cr
Mahindra & Mahindra Limited Mahindra & Mahindra:- ascending triangle pattern has formed, keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.