INFOSYS - LOWER PARALLEL LINE CHANNELAs you see in the weekly chart the price following the parallel line channel, whenever the the price touches the upper end of the channel it gets pulled towards the lower end and vice versa.
Now, the price is at the lower end of the channel, giving opportunity for investors to get in the stock for long term.
Parallelchannels
INTELLECT DESIGN A - Potential good long 🔰 MY thought process :
⭐At a very strong support
⭐A parallel channel support
⭐A trendline long term support ( potential stock reversal point )
⭐Low-risk high reward setup
🔰Am I taking this trade now:
Already in it :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Nifty InstaView 09 Apr’21: Slides back to supports
Nifty View: Benchmark Nifty index slips 30 points in the last session of the week to post a close at 14,890. The index is now dealing with a strong zone of supports within (14,800-14,900). The nascent short term up trend is trying its best to hold on and not slip back to a reversal, again. And for this the index needs to sustain above 14,800, or else we will be heading for another down swing. On the upside, immediate and obvious resistance lies at the psychological 15K mark. Strategically it makes sense to stay cautiously bullish and expect the index to pick up some momentum in the first half of next week’s trade.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
KIRLOSKAR FERROUSThis chart is at the request of a well wisher.
The stock has been moving in channels within a bigger channel and is now hanging in near the top of the channel for quite some time with accumulation going on.
A positive divergence suggests the stock is quite ready for an up move.
NIFTY - Bottoming Out 14290-14300 ?Based on my analysis of the chart, I believe Nifty may take support around 14300 levels and then bounce back.
Don't go aggressive on shorting.
If Nifty closes below the intersection of the 2 channels i.e. 14300-14290 and sustains below for a couple of sessions then we may see a bigger fall ( possible if globally corona scenario deteriorates) but indications majorly suggest that wont happen.
Let us see how it pans out.
IGL - Long on breaking upside - PositionalIGL has broken slow out of a descending wedge. The stock has had a considerable fall after recovering beautifully post COVID. Now, it seems like the stock has slowly begun it's up move again
The Stock has consistently followed pattern breakouts/breakdowns prior to this. (As shown in the chart).
See a long above 420 (safer 425) for the next Fibonacci targets (all mentioned on the chart for you all)
Nifty - Wonder Waves Part 3- Traditional Patterns (Target 9600)Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A -
Buy once crosses & strictly holds above 9150 for 9350-9400 target zone
Plan B -
Buy once crosses & strictly holds above 9400 for 9600 - 9700 target zone
Plan C -
Sell If Strictly holds below 9700 for 9400 / Below 9350 for 9150 / Below 9125 for 8700 / Below 8675 for 8400 / Below 8350 for 8250 / Below 8250 for 8000-8050
Plan D -
Consider Selling -If Holds below 8050 - Target 7500-7550 & Below 7500 for 6900
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Snapshot - 26th April 2020
Nifty /Gold / USDINR - The Important Juncture Thanks from Bottom of my heart to "Sir John Murphy" for giving us such a wonderful book on Intermarket Analysis - "Profiting from Global Market Relationships"
Special thanks to my friend & follower who wrote - Think beyond Red & Green Colours. I would love to have your comment once again here in this idea as well.
Wish You all a Happy & Colorful Holi
This video idea talks about long term outlook on various asset classes such as
Gold
USDINR
Nifty
& get some clue for these asset classes.
Starting with last stock update - Indusind Bank which was published in Jan 2020 & suggested the fall from 1565 to 1050 - all targets were done & stock touched the channel bottom at 913 lows. Kindly check the idea below
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Indusind Bank - Never miss channel bottoms
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USDINR Ideas
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24th March 2019 Idea - USDINR - The Box Match at 69
10th Jan 2020 Idea - USDINR - The Next Path (Holding 70.35 - Expect 72.25 & 74.50
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Gold Futures
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17th Sep 2018 Idea - Plausible 1350-1375 Zone
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India Nifty
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29th Feb 2020 Idea - Nifty (India -Buy & Hold) - C-Wave or Corona Wave - What Next ?
12th Jan 2020 Idea - Nifty - Stellium Effect - How I cracked the top at 12295
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Thanks for checking the idea. Wishing you all once again a happy holi -
Nifty - Did You Catch The Bottom at 12088 ?Super Excited to Start This Idea with Marathi Musical Piece - Ghan Othanbun "Yeti" by Legendary Singer - "Lata Mangeshkar Ji" which compliments by Blue Microphone "Yeti". Thanks for your precious time & I wish all of you a lovely & terrific week ahead.
Trading Strategy
Plan A –
Getting an opportunity close to 12200-12225 – Buy with strict stops below 12200 once it halts & stops in this range for Target – 12315-12340
Plan B –
If stops or halts in 12335 – 12350 zone & starts falling below 12335 – Put stops above 12350 for Targets 12200-12225 / Below 12180 strictly for 12110-12125
Plan C-
Getting an opportunity in 12080 -12100 zone (if 12080 is not broken downside) then look for upside Targets – 12225 / 12350 / 12400
Plan D –
Selling from Channel Tops close to 12375 – 12400 ( Be careful in this strategy) –it is only for extreme risk takers- Downside Target is 12100 - 12120 / 11930 - 11950 / 11800-11830 / Below 11800 – 11500 & 11100
USDINR Idea to Buy above 70.35-70.50 - What a bounce from 70.70 for 71.40's (click the idea)
Nifty Last Video Idea - "Stellium Effect - How I cracked the tops at 12295" (click the idea)
NIFTY BANK TomorrowHey Everyone!
A small market update about what has been going on lately and what may happen later.
Ever since NIFTY BANK broke its two month long trend line upwards on 15th of June(Friday), the index has been seeing red till 20th of June(Wednesday).
Ever since that trend reversal, a bullish parallel channel has formed. It is shown with the blue dotted lines in the chart.
A channel can be used as an entry pattern for the continuation of an established trend, as part of a trend following strategy.
Things to keep in mind for tomorrow:
1) If market opens close to the base of the green arrow, then we can expect a continuation of the upward channel.
2) If market opens close to the base of the red arrow then we may expect a strong correction downwards(1-2 days)
This is my idea about the current market movement.
Happy Options Trading ! :)