ITC SWING TRADING OPPORTUNITY {WEEKLY}Hello Traders👋
Today i have made a post on ITC weekly-daily chart
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
Nse
IRCTC INTRADAY SETUP 1 HOUR CHART Hello traders
we'll discuss about IRCTC hourly chart, the price is in supply zone which is fresh so i think it will be respected
the volume will play a big part in achieving the targets
thank you
feel free to ask any doubts
this might also fail if u look according to market structure
DABUR HOURLY ANALYSIShello traders
today i have done dabur analysis on basis of supply and demand and chart patterns
the demand is fresh and we can expect it to reach its supply
but if this fails the reason will be volume, the volume is very less and decreasing which is very bad
pls feel free to ask anything and correct me
happy trading to you.
** NIFTY ANALYSIS FOR TODAY & EXPECTATION FOR TOMORROW EXPIRY **THEY SAY VOLATILITY IS NOT GOOD. I SAY VOLATILITY IS THE BLOOD OF A TRADER. MAKING MONEY IN STOCK MARKET IS EASY BUT ONLY A FEW DOES IT .
NSE:NIFTY NIFTY Tomorrow Expiry – Bearish on 5 min Time Frame but as you know its expiry so anything can happen. Keep in a close look in my YouTube channel. Trade keeping in mind the Price action With Levels. MARKET CAN BE VERY VOLATILE TOMORROW.
NSE:NIFTY NIFTY Next Key Levels –
Resistance:
R1: 14856 R2:14883 R3: WE WILL SEE
Support:
S1: 14776 S2:14671 S3:15627
Points to Look Out –
1. Bond Market.
2. Global Market.
3. RBI Monetary Policy data.
4. How can INFLATION resist the ECONOMIC RECOVERY OF INDIA.
My Trade Setup will be shared tomorrow morning sharp at 8 am please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
*** Save Your Capital ***Save your capital for tomorrow for other days to Trade as there is a new circular from NSE
Market Outlook - Bullish
Market for tomorrow - Flat Expected with a Gap Up. Selling might come at Resistance Level. Be careful of the Levels I provide.
Points to Look Out - 1. Donot tade withing first one hour.
2. Wait be patient and Look out the Support and Resistance.
3. Risk Reward ratio Must be 1:2
After a 3 days closing market is openning tomorrow there will be a Huge Theta Decline. Be aware of it.
4. Do not make your trade a hope trade.
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
Nifty Metal IndexIn this video I have tried to show some interesting aspects about Nifty, Banknifty and Nifty Metal Index. Also, i have discussed few of the interesting stock setups which an individual can use for studying.
IRCTC - 1st Halt ( Amazing Journey 625 to 980) - What Next ?Trading Strategy
Scenario 1-
Holding above 920
Part A:
Expect upside push to 980-1000 zone
Part B:
Selling if fails to cross 1000 or crosses 1000 falls immediately then expect 920 / 850 /700
Scenario 2 -
Strictly Holding above 1000 for extreme bullish scenario- Expect 1500 -1600 Target zone. Failing to hold 1000 post crossing above becomes "Part B - Scenario 1" as mentioned above.
Thanks for all support
Wish All of You A Happy, Prosperous & Terrific 2020 !!!
Tata Coffee-Enjoy the Coffee in The Cup
Thanks for your precious time & do put your feedback below in comment section - I would love to hear from you. Most of us can learn as well -
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Correction -
Sorry using "circular shape" over the video - Its a curve shape from 168 to 185 - silly mistake -happens.
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Trading Strategy
Plan A -
19:57 Hrs / 14th March 2019
Last Price@95.35
Buy If you get dip somewhere close to 90 & 85's - obviously you should throw away the cup if 80 gets broken that should be understood.
Target 1
120-140
Target 2
Above 140 - 175-185
Target 3
Above 185 - It should not move below 175 post crossing 185 highs then look for 250-280's as suggested over the video.
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Image of the Coffee on 26th Aug 2018
Enjoy the Coffee in The Cup - With Double Bottoms@80
Cup & Handle Pattern
A cup and handle price pattern resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern typically has low trading volume, and may be as short as 7 weeks or as long as 60-75 weeks- roughly a year and half.
The fall from 185 in Nov 2017 shall complete a year in Nov 2018 so that would be the period or time zone plus couple of months more- one should be alert as its aroma could spread across the globe & everyone would be interested to take a sip.
Cup and Handle Stops and Targets
A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout.
Successive breakout zone shall be above 175-185 & I am taking conservative target measuring 85 points which is depth of the cup above 168-170 zone or above 185 as shown over the video, which gives a roughly target zone of 250-280.
Once it breaks out & above 140 key level –make sure it never returns back below 140-135 zone else that could be risky.
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Trading Strategy Suggested on 26th Aug 2018
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Trading Strategy
Long Term Strategy
Plan A –
Wait for the stock to cross 140 & upper trendline of the handle & maintain stops below 135 once it crosses above 140 – Target Zone -175-180 & Above 185 – as 250-260.
Plan B -
Look to buy above 175-185 zone & keep in mind –price should not dip below 175 after crossing the zone of 175-185- Target Zone 250-260.
Plan C -
Plan to buy in 80-85 zone with strict stops below 80 – if goes below 80 –Throw the broken cup.
Short Term Strategy
Plan A –
We look to sell from 115-117 zone with stops above 118.50 for target 112 – 106- 101
Plan B –
Buy above 118.50 for 121-123 zone - book & out.
Plan C –
Sell from 122-125 zone with strict stops above 128 – Target zone -118 -112-106 - 101
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Nifty-Elliottwaves-Let us make some wedgesAnalysis Done on Spot / Cash Data
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Status Update at 09:13 Hrs / 9th April 2019
Last Price@11598
Buy Close to 11550 – 11560 zone ( No Buying below 11550)
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Key / Critical Support & Resistance Levels
11550 (Critical support level Next)
11760 (Critical Resistance Level Next)
Trading Strategy
Plan A
Buy Above 11600 for 11690-11700
Plan B
Buy Above 11700 for 11750-11760 ( No Buying Below 11700 levels)
Plan C
Buy Above 11760 for 11825-11850 zone upside (New Highs for India Nifty) – Giving us 3rd leg in the wedge structure which is our assumption.
Plan D
Selling somewhere close to 11825-11850 once you get some resistance (be careful as it non chartered area) for downside target 11715-11730
Plan E
Later Buying holding above 11700 for 11900-12000
Plan F
Selling Later on New All Time Highs for Downside Target –close to voting day in Mumbai which happens on 29th April 2019 for downside target of 11310-11325 zone as suggested over the video.
Plan G
Buying in 11310-11325 support zone for upside target 11425-11475
Plan H
Selling Also below 11300 for 11120-11150 & below 11050 for 10730-10785 ( Nation Strike’s Back Zone)
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“Say Cheese” Moment for me in last few days
5th April 2019
RBI cuts repo rate again by 25 bps as it did last time in Feb 2019 & we were sellers close to 11117 Idea as published earlier – “History has the answer - Careful above 11050”- Result was fall to 10585 (Double Bottoms)
7th April 2019
Got the push to 11690-11700 zone & Selling was suggested below 11700 for 11610-11620 zone which got extended to 11550 (Critical support level Next)
8th April 2019
Fall Started with gap open & making 11710 new highs for the day- yesterday – 11550 is critical support level next.
Thanks for watching the video & Your support. Enjoy The Markets.
Auropharma-You don't Know-Fall@792 Wish you Happy Holi & May this festival bring lots of colors in your life!!!
Education & Trading Idea
Wedge
Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down.
When the pattern completes, and the price breaks out of wedge, it is usually in the opposite direction the wedge was pointed.
This is why it is called a reversal pattern.
Books on Harmonics
Harmonic Trading Volume 1 & Volume 2 - Scott Carney
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Trading Strategy ( All Analysis Done on Spot/cash data - Kindly Adjust Futures Data Accordingly)
Plan A -
Holding 770 lows - Traders can look to buy with strict stops below 770's. Can Expect Upside Push to 793-797 zone as upside target
Plan B -
Selling Later from 793-797 zone with strict stops above 805 (800 is key reversal level - 805 is critical reversal level)
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Note -
Safe Trader -
Don't Take Sell as per plan B if it moves above 800 level
Risky Trader -
Can remain in Sell as per plan B as critical level is 805
This Idea gets invalidated once price moves above 805 level
Thanks for watching the video.
SBIN-Are You Turning Your Trend Line Into Traders LollilopTrading Strategy
Plan A -
Sell Close to 307-308 Highs -Once You get in 303-306 zone with strict stops above 308 Highs
Plan B -
Sell if Holds & Goes below 300
Plan C -
Buy for Explosive Upside Target as suggested in "SBIN -Ulta Pulta Idea"
Targets
Target 1- 280
Target 2- 265-270
Thanks for checking the video & do support if you like the idea. Happy Trading Week Ahead. Follow Proper Risk Management. Cut your losses / Hold your profits.
SBIN - Ulta Pulta Video Idea
SBIN - Picking the Tops at 307 for 277 - Hot Trade as picked the top close from 307 at 306.50