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Nifty closing below the blue trendline and Monthly expiry viewNifty As suggested earlier Nifty closing on last Friday suggested battle of Bulls and Bears still in balance. The importance of 17965 was highlighted... Nifty opened gap up exactly at that levels but Bulls are looking nervy as it couldn't sustain above that. The 2 hourly candles gave a close of 17959 and 17964 - Now On Hourly charts Nifty has closed below the blue trendline - On the upside 17965 / 17996-18030 is very crucial resistance zone - On the downside 17836-17854 if taken out then it potentially opens gate for further downside up to 17564 till Feb expiry. Take care & safe trading....!!! Do Like and Share Follow for more trading ideas from me Learn to earn Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
nifty 50 Weekly overview from 23 Jan to 28-01.2023 full bearishMajor Support 18000-27 if 18000 break downside then next target will be 17800 if nifty got support on 18000 then upper target will be Max 18250 Major Resistance 18170-250 if market break 18250 level with volume then market will be ultra bullish and Up target will be then 18370 Note: but international sentiment is bearish so if market go upside then it will be trap . so try to trade accordingly. I am bearish in this week use Scalping trade this week Use Just 3 Indicators 1. previous day high low by josh trades 2. use Pivot standard - Camrilla , only use R3,S3 3. USe 21 EMA for long : price should above R3, or S3 , 21 EMA, above on prev day high or Low. For short : opposite of long time frame 3 min before entry just take volume confirmation : volume should above from prev one Educational only. you can also use vwap
NSE:NIFTY
by amitatry
3
Asian Paints: How to play a channelAsian Paints The Chart set up - Since Oct 2022 the stock has been trading in a channel - chart is not strong but with crude prices stabilizing at lower side it favors the sector as oil is one of the major raw material. ___________________________________________________________________________________________________________________________ Trading plan One way to trade this is : Wait for the stock to give a sustained breakout from the channel. Ideally a 3 day close beyond the channel limits should be good cue. Then play for the size of the channel in that direction (roughly 150-180 points in the direction of breakout can be looked as target in this case) Second way to trade this Play for a Non directional trade The limits of the channel are roughly 3240-3244 on the upside and 3018-3030 on the downside Given the set up, consider a short strangle strategy to start with. Sell 3250 Call and Sell 3000 Put In case stock moves out of range, have a plan to Adjust your strategy to a directional one. ____________________________________________________________________________________________________________________________ Understanding reward potential and risk profile In scenario 2: The Strike Price chosen covers the known risk (Channel limits) It provides a profit potential of approximately 13400 per strategy lot (approximately 11.5% ROI on margin requirement). Take advantage of time decay in case the stock stays within the range. In addition, there is in built protection against loss for a fall up to 2933 on the downside and 3317 on the upside till 25 Jan 2023 expiry day. This should give ample scope to adjust strategy in case stock moves out of range. __________________________________________________________________________________________________________________________ Do let me know if you find the analysis and insights helpful. To trade with me Like and Follow for more trading ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ASIANPAINT
by indiamarketoutlook
2
Nifty: On expected linesNifty first instance has taken a fall from the opening levels. Again if you see the chart we see it respected 21 day EMA. In my yesterday's post I had mentioned that Nifty first needs to protect 18114-18080 odd levels and my first take would be Shorting Put options. Accordingly 25 Jan expiry Put short has been initiated at 140 The same has been updated in my yesterday's post at 9:34am. Now Nifty needs a close above 18244-18262 odd levels on hourly candlestick basis... We wait patiently and let's see what we have got in store now...
NSE:NIFTYLong
by indiamarketoutlook
City Union Bank LimitedCUB:- Double bottom pattern has been formed and you can also call it W pattern. keep on eye 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.
NSE:CUBLong
by AjayDhakad_Keep_it_simple