Ninja Intraday Scalping in Bank Nifty 8 Nov 2021Ninja Intraday Scalping in Bank Nifty 8 Nov 2021 (pull back method), 140 points gain. Please do drop your comments if you have any questions on this Ninja Technique.. Thanks
Indicators/tools used for this strategy : Stoch , MACD , RSI and Bollinger bands 20 and 100 length.
Whenever we see confluence in all these tools we take entry with minimal stop loss. Its like when upper BB 20 crosses 100 and tries to reverse back and if we see Stoch , MACD , RSI too reversed from top or from bottom an entry can be taken. Other end of the band will be the target or middle band would be the target basing on the risk reward.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Oscillators
Breakout of the Triangle When looking at the current BTC price you can see it broke down out of the symmetrical triangle and also broke the horizontal support.
We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The RSI is heading a little bit lower and the VPVR shows a gap in the volume (so not so much buying pressure).
If I signal buying pressure from the bulls, I might reconsider to open up a new long lev position (low lev). But with leverage I'm careful because it can go fast and I don't want to be high leveraged on the wrong side.
But I'm definitely keeping my eye on the green support zone.
market may be reverse at the present point be consus.Dear traders, There is also a Supp. & Res. zone, need to be consus here if it break the upper res. may be goes for long trade in upside.
request to you trade with a Stop loss. RSI & Stochastics both are at Over bought But it is under the 26MA. Good Luck
MCDOWELL :: LONG buildup MCDOWELL :: LONG buildup (FIB Retracement )
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--- Buy range 835 - 850 (if price sustains/ retraces to these levels).
-- S/L 805
-- Use Fib Level or Channel top as Targets
Reasons for increased probability::
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-- recent Demand Candles
-- Text book respect for Fibonacci Golden ratio levels..
-- Price is near Bottom of an uptrending channel
-- Momentum seems to pickup RSI support level
/**
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
ALICON :: LONG SETUPALICON :: LONG SETUP
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-- Buy at Current Levels / Pull back (770 - 820)
-- Initial S/L 735
-- Target the Channel Top / FIB Levels or hold as positional pick
Reasons for increased probability::
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-- Recent Trendline breakout.
-- high volumes + delivery seen last 3 sessions
-- Momentum breakout in RSI
-- MultiYear Breakout & Retest completed
/**
Caution : Smallcap Auto stock... Prefer allocating <5% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
BANKINDIA :: LONG (Trendline reversal)BANKINDIA :: LONG (Trendline reversal)
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-- Price took support from Long term Trendline few weeks ago and making HH & HLs.
-- Price also broke the Falling wedge resistance line and held for last few days
Buy Levels :: 56-57 Initial S/L 52
Add more above @ 62.5
Use SuperTrend Indicator to trail your SL
/**
Caution : Midcap PSU Bank stock... Prefer allocating less than 5-10% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
SHIBUSDTThere is a long consolidation or sideways price action seen within parallel channel,
when it has given breakout, there was a good intensity of volume at breakout candle,
also it was along with trendline breakout in (RSI) relative strength index too, so it was double confirmation
as per channel breakout, target should be equal to depth of channel, which was achieved almost double.
one can go long in this type of scenarios with stop loss of Low of breakout candle, because there was a good volume.
Another breakout seen in flag pattern with increasing volume and rsi breakout same as above, which was again double confirmation.
here target as per flag pattern should be equal to highest depth of flag pattern, which was achieved very nicely,
one can go long in this type of scenarios with stop loss of Low of breakout candle.
These types of patterns are working very wonderfully in any type of stocks, commodities, forex etc. etc.
Usually risk reward ratio also allows to trade in this types of patterns.
Enjoy Learnings,
Thanks.
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Hidden Bearish Divergence Hidden Bearish Divergence
This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). By now you've probably guessed that this occurs in a DOWNTREND. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.
SUNDARAMFIN :: LONG BUILDUPSUNDARAMFIN :: LONG BUILDUP (Price, Volume & Momentum picking up)
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-- Buy when price sustains / retraces above 2550
-- Sell below 2380 (ST) or below 2290 (LT)
-- Trail using FIB Levels or SuperTrend Indicator
Reasons for increased probability::
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-- Ultrahigh volumes + delivery seen in the last two candles..
-- Piercing Candle Pattern
-- RSI Trendline breakout seen in 4HR ..
-- Price Volatility is contracting (VCP).
/**
Caution : Midcap financial stock... Prefer allocating 5-10% of your capital.
This is just a probability and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
Shriram Transport Cmp 1491 dated 21.10.2021Shriram Transport Cmp 1491 dated 21.10.2021
1. Inverted HEad & Shoulder BO @ 1470
Buy for a tgt of 1525-1600-1720 SL 1415
It is just a view, pls trade at your own risk.
Fortis :: LONG Buildup Low Risk Fortis :: LONG Buildup Low Risk
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-- Buy at Current Levels 255 - 265
-- Initial S/L 245 for ST Traders ( 232 for LT)
-- Add more when price sustains or retraces to FIB levels above..
-- Trail S/L using FIB Levels or SuperTrend indicator
Reasons for increased probability::
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-- RSI Divergence and price Gapping up near Parallel Channel Bottom.
-- Price near multi-year Resistance Line,, Rewards will be good if the upcoming results are good
/**
Caution : Midcap Healthcare stock... Prefer allocating <10% of your capital.
This is just a probability and trade only if you know about "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/