SBIN is in a downward channel. Price has been trading in a downward channel since November. Like Kotak bank it also forms a downward channel. But it is still trading between the channel and far from giving a breakout.
Parallel Channel
Will CERA change trendCERA is in a downward channel. It is trading on the upper range of the channel.
Contra Trade Idea: Jubiliant FoodworksIn all parameters, NSE:JUBLFOOD is in downtrend. However, one contra trade is looking for risk-worthy due to:
1. A (almost) Marubozu candle formation after a prolonged downtrend in daily chart.
2. Accorded by RSI +ve divergence
3. Per Ichimoku strategy:
a. Price is crossing the T (Tenkan) line
b. K (Kijun) line is becoming flat, means going to attract price towards it. It is placed at 513
c. Chilu Span is showing an uptick
Cash: BUY after 500 with SL of 490 for a target of 510/514.
Alternatively: BUY 500 Jan-25 Call Option at 7-9 for a target of 15/20, SL: 5.
If price moves above 15, one can carry it for 20 with a TSL of 14.50.
Best Swing To Trade Ultratech Cements Hello Everyone, Today i am back with a wonderful share to swing Ultratech Cement as you can see that there is a Inverse Head and Shoulders and a Slanting Channel which is a very bullish sign, destroying the chances of bear as the Retest is also complete and stock has moved up also. Now coming to targets so if we take the target of the channel it is 7980 at 12% Profit From here and if we take the target of Inverse Head and Shoulders it is 8571.95 at 20% Profit From here. This is just an opinion and do it on your own or by asking your financial advisor.
PAGEIND...........get ready to buy this gem around 33.5/34.5k buy this gem of a stock when it reaches the confluence support of yellow channel median, white PF median, 61.8% fib and S2 PP......33.5/34.5 K range
maharashtra seamless becomes a BUY at 220 approx.i will think of buying this stock when it reaches the confluence support of white channel, yellow channel median and AVWAP..........220 approx.
Double Bottom Breakout under the parallel channel at GSPLDouble Bottom(W) #Breakout under the parallel channel at the #GSPL(Gujarat State Petronet Ltd) weekly chart It outperformed both the #Nifty and its peers in the sector over the last 123 trading sessions.
BSE: 532702
NSE : GSPL
What Is a Double Bottom?
A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
KEY TAKEAWAYS -
The double bottom looks like the letter "W". The twice-touched low is considered a support level.
The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase.
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Indigo may go uptrend 9-1-2023Indigo may take support from 1861 can give some uptrend.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for horizontal lines: Green - Buy, Blue - targets, Red - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
HDFCLIFE Weekly Chart: Double Bottom (W) Breakout#HDFCLIFE (HDFC Life Insurance Company Ltd) Weekly Chart: Double Bottom (W) #Breakout It is currently underperforming the #Nifty.
BSE: 540777
NSE : HDFCLIFE
What Is a Double Bottom?
A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
KEY TAKEAWAYS -
The double bottom looks like the letter "W". The twice-touched low is considered a support level.
The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase.
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
MFL add to watchlista promising setup but one needs to catch it on green closing above the previous week for best entry for trading
and
if one wanna buy a great R:R can enter at cmp but with strict SL
SL will be closing basis below support zone in weekly timeframe or as per your setup
target as per fibo level one can take a sum of profit or trail as per fibo level or there own setup
one thing keep in mind its a weekly chart all the target must be follow on weekly basis
do u own analysis i might be wrong
i am not a sebi registered advisor
so trade on your own risk
MCDOWELL_NMCDOWELL_N forming a rising channel pattern on daily time frames,but still sustaining over 200 day MA
Note:- for learning purpose only
ONGC analysis ONGC is forming a rising channel pattern and is near a fib. Crucial level and a resistance zone of 154.40.
Note :- Not a financial advise
8 Years of MultiYear Consolidation & Breakout at ICRA8 Years of #MultiYear #Consolidation & #Breakout at #ICRA (ICRA Ltd) Weekly Chart. It #outperformed the #Nifty.
BSE: 532835
NSE : ICRA
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Morning star pattern ABBI India Ltd., which is trading inside the parallel channel, is now making a morning star pattern on the support trend line, and there is 200 EMA support on the day chart. Looking at all this, we can expect a bullish trend in the stock.
Bank Nifty - Analysis for Jan 4Buy above 43420 with the stop loss of 43360 for the targets 43500, 43580 and 43660. Sell below 43300 with the stop loss of 43360 for the targets 43240, 43180, 43100 and 43040.
Mighty Nifty - Analysis for Dec 4Yesterday triangle break out did not have strength. Now price is above the trend line and at the resistance zone. Buy above 18270 with the stop loss of 18240 for the targets 18300 and 18340. Sell below 18220 with the stop loss of 18250 for the targets 18190, 18160 and 18120.
ONGC: Channel trade potentialONGC
- This is a follow up on my previous idea when stock was trading at 140 odd levels
Chart set up
- The stock seems to have given a fresh breakout on hourly charts from yellow channel channel
- 21 hour EMA and 63 hour EMA around 148 / 146 respectively
Target potential for the stock 156-158.50
Use the 21 hour or 63 hour EMA as important Support level to watch out for
Risk Profile
The set up provides a risk::reward ratio of 1::3
Trust the idea helps in planning your trade.
Take care & safe trading..!!!
To trade with me, hit the Like button and Follow
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
Bank Nifty - Analysis for Jan 3Price is trending inside an upward channel. Buy above 43280 with the stop loss of 43220 for the targets 43360, 43420 and 43500. Sell below 43180 with the stop loss of 43240 for the targets 43100, 43020 and 42940.
Infosys Chart Anylysis On 15 Min Infosys Anylysis on 15min TF You can clearly see how the infy from last 20Days in Stuck between there
So we can expect trending move either side.
But Looking at Volune i dont think it can sustain above the level
IOC: Retest of breakout done. Target 84-85 IOC
Chart setup
- Level of 73 acted as resistance between July 2022-Sept 2022
- breakout was observed in late November 2022
After a month the stock has again come back to retest 73 odd levels
If the level is with held the stock can look to propel towards 84-85 odd levels and sequentially towards 90 odd levels
____________________________________________________________________________________________________
My strategy
Consider buying Jan expiry 75 Call option between 1.6-2.1
____________________________________________________________________________________________________
Understanding reward potential and Risk profile
Any upside above 77 is the profit
On the downside max downside at cmp is of 1.9 points per lot
Take care & safe trading...!!!
Do let me know if you find the analysis and insights helpful.
To trade with me, Do Like and Follow for getting more trading ideas like these...!!!
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
Bank Nifty - Analysis for Jan 2Buy above 43200 with the stop loss of 43140 for the targets 43360, 43420, 43500 and 43620. What skills you are improving in trading this year? Sell below 43100 with the stop loss of 43160 for the targets 43020, 42940, 42860, 42780 and 42700.
PELPrice is trending inside an upward channel and now it is consolidating. Buy above 834 with the stop loss of 829 for the targets 839, 844 and 849. Sell below 825 with the stop loss of 830 for the targets 820, 815 and 810.
