Positionalcall
SUNPHARMA TRIANGLE 30MSUNPHARMA is forming a triangle pattern in 30M timeframe. It could a good trade intraday as well as positional. Although in triangle pattern the price tends to give both breakouts and breakdowns. But in this case SUNPHARMA is creating lower lows which means the stock is in a bullish mode. We can trade both breakouts and breakdowns in intraday when price crosses the high of breakout candle( in case of long position ) or when price crosses the low of breakdown candle(int case of short position). SL will be the nearest swing low. Happy Trading!
TECHM CHANNEL BREAKOUT 30MTECHM has given a channel breakout today in 30M timeframe. After the breakout a retest in also visible. The stock is now moving upwards and one can initiate a long position for a target of 948 which is a resistance point for TECHM. SL will be the nearest swing low i.e. 920. Risk management is the key and no trade setup is 100% working. The SL comes in place when a setup fails. Happy Trading!
BAJFINANCE RISING WEDGE 30MBAJFINANCE is making a rising wedge pattern in 30M timeframe. You can add this to your watchlist and keep a track. There are chances for a breakout in coming trading sessions. Initiate a long position when price crosses the high of the breakout candle with SL at nearest swing low. Happy Trading!
ADANITRANS TRIANGLE 30MADANITRANS is forming a triangle pattern in 30M timeframe. It can give a breakout in the coming trading sessions. It can be a good positional trade with SL initially at the nearest swing low and then trailing it tightly to ride the rally. You can add this is your watchlist and keep a track of it. You can enter the trade when price crosses the high of breakout candle. Happy Trading!
ADANIPORTS TRIANGLE 15MA triangle pattern can be observed in ADANIPORTS in 15M timeframe & can be a good opportunity for intraday as well as a positional trade. The resistance has been tested multiple times now and has become weak. We can see a breakout tomorrow. We can initiate a long position when price crosses the high of breakout candle. Keep your SL to the nearest swing low. Risk management is the key. Happy Trading!
INFY TRIANGLE 1HRINFY is rangebound and forming a traingle pattern in 1hr timeframe. Breakout on either side will result in good momentum. It has been a choppy market for INFY and there are high chances of a breakout on bullish side. You can enter the trade in 15min timeframe as soon as the price crosses high of breakout candle with SL on previous swing low. It can be a postional trade and you can trail your SL alongwith price movement to get maximum profit out of the trade instead of planning a potential target.
STAY LONG ON TITAN ⌚BASED ON PULLBACK THEORY
STAY LONG WITH STOP 1380 ON CLOSING BASIS
WHAT IS PULLBACK ???
A pullback is a temporary reversal of the current trend, either up or down. The price action in the market moves like a wave:
- in an uptrend market, you will see price continue to increase but even whilst it is increasing, there will be times when price will drop. Then price rises up again going past its previous higher high (example form the chart above).
- in a downtrend market, the same but opposite happens. Price will continue to fall but there will be times when it will rise only to drop back and go down past its prior lower low
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ADANIPORT --->>> HIT WICKET OR SIXER NOW ? OBSERVATION :-
Whenever before the script got hit from Top Level -
ADX was in cluster, though rsi was above 65 level showing strong bullish trend
This time script is again near the same level
will it cross this time or again will get a HIT ???
RSI near 70 ( strong bullish trend )
ADX slowly crossng -DI, +DI above adx & - DI
NOTE = IF THE SCRIPT CROSSES HIGH THEN KEEPING STOP OF 378
GO LONG FOR 1:1 / 1:2 TARGET RANGE
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Galaxy Surfactants looks ready to give an upmove of 10-15%The trend line looks to be set and Galaxy Surfactants looks ready to make an upmove. It may even converge to a smaller triangle but the next 2-3 weeks it should give an upmove of 10-15% in the range of 1800 to 1875.
The trend is an uptrend so we are also going in line with the trend. Trend is My Friend :)
Please note that this is my analysis and not a recommendation. Please do your own research before making any investment decision