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Hammer Candlestick Pattern on support zone in Bajaj FinanceHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a short term swing Trading Idea in Bajaj finance. Stock have formed hammer candlestick pattern on perfect support zone, Bajaj finance stock is trading inside the triangle pattern and chances are very high that we can see this towards upper resistance of triangle pattern which i plotted on chart above. Overall i feel stock should rise from here and no double over the period if we can see most awaited breakout in Bajaj Finance. Technically stock is looking good for swing trade, and also if anybody wants to think for long term can take entry as chances are high that this time after spending some time we will see finally breakout in it. Please follow strictly stop loss which i mention above on chart, it will save you if something goes against to our analysis. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
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NSE:BAJFINANCELong
by TraderRahulPal
2
NIFTY50 DEC OPTION SWING TRADE IDEA FOR HUGE PROFITNIFTY50 is currently trading at 26075 & trading at new life time high. There are a lot of fundamental, technical & valuation reasons why I am taking this trade. I'm seeing a trading opportunity with very good RR. I am taking long positions in NIFTY DEC MONTHLY 25000 PE at CMP 240 I will add more quantity around 100-120, if comes & Hold with stoploss of 40 Risk in this trade is 140 points & reward is huge. If any external event takes place which is not factored in by local & global markets, Then we can see 10-20% correction easily given current overvaluations. Hence I am taking this trade. I am not taking this trade to hedge my portfolio. I am already sitting at 75% cash & only 25% capital is invested as of now. I have bearish view on market at current valuation & I have 3 months time too which makes this trade a perfect trade with great RR. ENTRY, SL & TARGETS are mentioned in the trading idea. If any panic happens, In that case we may see all targets getting hit. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:NIFTY241226P25000Long
by akshit_official
8
VAIBHAV GLOBAL - POSITIONAL SWING TRADE IDEASymbol - VAIBHAVGBL Vaibhav Global Limited, through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewelry, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. This stock has made a consolidation base already & currently trading at a good support area. I'm expecting this to go into advancing phase soon. Hence I'm buying this at CMP 322 with SL 250 for 510 - 600 - 710 targets. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:VAIBHAVGBLLong
by akshit_official
INFOSYS - POSITIONAL TRADE WITH VERY GOOD R:RSymbol - INFY INFY is currently trading at 1942 & approaching ATH resistance zone. I'm seeing a trading opportunity on sell side. Shorting INFY Futures at CMP 1942 I will be adding more position if 1980 comes & will hold with SL 2025 Targets I'm expecting are 1780 - 1700 - 1580 P.S. : INFY is approaching ATH resistance zone after a long time. ATH resistances are usually hard to break in one go. To break this resistance, INFY must spend some time here (2-3 weeks) before breaking out. Only then we will see more price growth towards the upside. As of know, given modestly high valuations of INFY & overall market, The setup looks more towards negative side & It is highly likely that the price will take resistance from here & change its course to south. I've shorted far month futures already. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:INFYShort
by akshit_official
2
EURUSD - POSITIONAL TRADE FOR HUGE PROFITSymbol - EURUSD EURUSD is currently trading at 1.11900 My short setup has formed in EURUSD & I'm seeing a trading opportunity on sell side. Shorting EURUSD pair at CMP 1.11900 I will be adding more position if 1.12300 comes & will hold with SL 1.12850 Targets I'm expecting are 1.10200 - 1.09150 - 1.07700 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Short
by akshit_official
ASIAN PAINTS - POSITIONAL SWING TRADE IDEA IN CASHSYMBOL - ASIANPAINT Asian Paints is the largest home decor company in India. The 80+ year old company has major brands like Asian Paints, Berger, Apco etc. under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows. Asian Paints is currently trading between two major supply and demand zones since a long time. CMP of Asian paints is 2700 & It is approaching demand zone on weekly basis. I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers. Current PE of Asian paints is 46 which makes it a value buy at CMP. I'm investing 50% allocation today at CMP 2700. I'll invest 50% more at 2580-2600 levels & will hold this position with 2500 as SL. Targets I'm expecting on long side will be 2950 - 3220 - 3410 & new ATH. I'm ready to hold this trade for 3 - 6 months. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:ASIANPAINTLong
by akshit_official
HDFC LIFE - APPROACHING DEMAND ZONESymbol - HDFCLIFE HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings. HDFC Life is approaching demand zones on charts. 500 - 540 is a major support zone for HDFC Life. Stock is currently trading at a good valuation. I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers. I'm investing 50% allocation today at CMP 540. I'll invest 50% more at 510 level & will hold this position with 495 as SL. Targets I'm expecting on long side will be 580 - 615 - 640 - 675. I'm ready to hold this trade for 3 - 6 months. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:HDFCLIFELong
by akshit_official
PFC - POSITIONAL SHORT OPPORTUNITYSYMBOL - PFC CMP - 510 PFC saw huge sell off on 4th June & now It is recovering & price is testing the liquidity area which is now a resistance. I'm seeing a trading opportunity on sell side in PFC. Shorting PFC Futures at CMP 510 I will be adding more if 535 - 540 comes & will hold with SL of 562 Targets I'm expecting are 418 - 402 & 388 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:PFCShort
by akshit_official
Bull Run Over? Will Nifty Return to 19K? | Nifty50 Wave AnalysisWave has already shared the Nifty wave counting (2020-24) earlier. Please refer to the following links: Nifty Elliott Wave Analysis 2020-24 With Subordinates Counting Strong Wave 5th is Happening: Nifty Wave Analysis in DTF The big wave 5th of the impulse, which started from the 2020 COVID bottom, has hit 261.8%, and we have to go for a degree correction. Three possibilities: 1. Rally Continues : Wave 5th can go in extension further if Nifty can sustain weekly candles above 24,127. It can hit 26,000, but the possibilities are very low due to many factors like divergences, Ichimoku gaps, Yearly CPR etc. 2. Time-wise Correction: Nifty can stay in a big range (4,000-5,000 points) for one or two years. Who can benefit from this? Option sellers, for sure. 3. Price-wise Correction: Nifty can see a sharp fall to the demand zones we mentioned. Who can benefit from this? Option buyers, directional options and future sellers. Note: Edge is compulsory for any trades to avoid unexpected events since it's going to be a positional trade. Entry Points: Current Market Price is 24,302, and a 1-hour candle close below 24,170 is our short entry. Stop Loss: The safest SL is 24,610, but if this SL is too big for swing/intraday traders, they can keep the stop loss above 24,450. Targets: We have mentioned three demand zones in the chart based on Fibonacci retracement: First Demand Zone: 22,000-22,500 Second Demand Zone: 20,030-20,960 Third Demand Zone: 18,000-18,500
NSE:NIFTYShort
by WaveMoku
2
Monthly Chart Breakout - Positional Trade - VEDL📊 Script: VEDL 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals Key highlights: 💡⚡ 📈 Script is giving Breakout of double bottom neckline on Monthly chart, we may see some good rally. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 414 🟢 Target 🎯🏆 - 504 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:VEDLLong
by radha_23
ASIAN PAINTS - DOUBLE BOTTOM LONG ENTRY - POSITIONAL TRADESymbol - ASIANPAINT Asian Paints is currently trading at 2822 2780 - 2830 is a good support area for Asian Paints. I'm seeing a trading opportunity on buy side. Buying Asian Paints Futures at CMP 2822 I will be adding more if 2785 comes & hold with SL of 2760 Targets I'm expecting are 2915 - 3015 - 3140 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:ASIANPAINTLong
by akshit_official
10
HUDCO Breakout and Retest Setup 🚀Greetings traders! 👋 Today, I'm sharing my analysis on HUDCO, which is showing a Breakout and Retest setup with volume build up. Here's a breakdown of the setup: 📌 Setup: BREAKOUT and RETEST SETUP 🔍 Analysis: I've conducted a thorough analysis on multiple timeframes, confirming the breakout and retest. 📊 Indicator Support: Momentum indicators are showing support for the bullish momentum. 🔍 Keyword: Multiple timeframe analysis done, momentum indicator support, etc. #HUDCO #BreakoutSetup #RetestSetup #VolumeAnalysis #TechnicalAnalysis #TradingView #ShareMarket #StockMarket 🚀
NSE:HUDCOLong
by Uday_Mandal
1