Positionaltrade
GREAVESCOT trend line analysis , GREAVESCOTTON i have made a analysis by using few technical indicators and trend lines . My observations is as bellow.
1) Based on the trend line analysis- stock is in consolidation stage. now it has given the breakout
2) stock recently touched the support line ,and gave break out in the triangle pattern
3) It is working in a very good support and resistance levels.
Conclusion :
1) can enter now at CURRENT LEVELS
2) Targets are mentioned in the chart.
Disclaimer Note: MY views are only for the study purpose, paper trading purpose, stock analyzing purpose, better your skill purpose.
Trade at your own risk.
NIFTY 50 POSITIONAL SETUPnifty 50 following both trendlines perfectly and can give us a good target either sides if it breaks upside trendline or 18000 level and close above 18000 in one hour timeframe then we can create a long position in NIFTY50 . If it breaks downside trendline or 17850 level and closes below 17850 on one hour time then it can give us a target of 300 points in downside . 200EMA will also react as both support or resistance both sides.
Simple Positional Long Trade Setup | NALCO | SHORT-MID TERMNSE:NATIONALUM
I am posting as one of the follower requested for it.
This is positional trade setup only.
Observations:
1) On Daily time frame, we can see that it faced resistance from 21DMA but closed above 10DMA. It is now in between 21DMA and 10DMA.
21DMA is immediate resistance and 10DMA is immediate support.
We can see that the critical level is 100.
Please refer below chart : 1 day Time Frame.
---------------------------------------------------
Simple Positional Trade Setup.
Please refer below chart : 1 hr Time Frame.
---------------------------------------------------
On 1 hr time frame,
If it sustain above 104 level then one can take buy trade. SL will be 98 with targets of 112.50 and 116 level.
One can also take positional buy trade from CMP with SL of 98 with targets of 108,112.50 and 116 level.
If it sustain take support from 100 or 96 level then one can take positional buy trade with targets of 108,112.50 and 116 level. For mid term positional trade keep SL at 94 level.
Below 94 level it will be bearish. Rest all details are mentioned on the chart.
-------------------------------------
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with SL as per your risk capacity. This is just my personal view. It is not a trade recommendation. Better to consult with financial advisor before making any investment.
Simple Positional Long/Buy Trade Setup | BAJAJ ELECTRIC | NSE:BAJAJELEC
This is only for positional trade. Short - mid term.
1) On daily time frame, we can see it sustain and took support from 200DMA.
Also closed above major support zone of 1075-1100 level range.
Please refer below chart : 1day Time Frame.
Keep your positional Trade with strict SL.
Keep it on radar | JUSTDIAL | Positional Trade NSE:JUSTDIAL
In August 2021, it was consolidating in range of 946-982, and since Mid of Sep 2021, it has been consolidating in smaller range of 982 to 990.50.
Breakout on either side will give a good move. Upside target can be 1008,1025,1041 in short-mid term.
Also Today's volume 29-09-2021, has crossed 21 Day average volume.
Please refer below chart.
TAKE SOLUTIONS | 40% upside potential | VOL pick-upCMP- 68
SL- 59
Target - 94
19/5/21
- EMA's positive crossover
- Breaking out from accumulation zone with huge vol
- VOL spike at breakout
- wait for 2 candle close or better enter on retracement at 65-67 levels
- Recent VOLUMES shows the interest of buyers
APARINDS|Can give good breakout | Keep it on watch-list/radarNSE:APARINDS
Technically, on Daily Time Frame, it has made perfect rounding bottom pattern and also gave breakout of it from the level 596 where it had the neckline of it.
And then it also took support from neck line level at 596 level.
Now the next breakout level for this stock is at 700 level.
This stock is for people who are looking for investing for short/mid term time. (1 -3 months).
Please note: : This is just for educational analysis and it is not any financial/investing advise.
You can keep this stock on your watch-list /radar.
Better to take advise from your financial advisor before considering for any investment.
HDFC- Short Term Position 5% or moreHDFC share form a W pattern in day chart as its taken support around 2400 & had break out around 2500. Currently trading at 2800 so also taking support at small trade line as show in the chart, it can go for 3000 for next target.
Please trade on your own risk, this analysis just for study purpose.
JUSTDIAL | Long Positional Trade for short-mid termNSE:JUSTDIAL
Finally Today it took support from 21DMA on daily time frame and gave good up move and now major resistance is 982 level range.
On sustainable breakout of 982 one can take long position till target of 1080 for short-mind term with SL of 955.
Please refer below chart : Daily time frame.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | Kabra Extrusion | POSITIONAL/ INTRADAYNSE:KABRAEXTRU
TODAY, it closed just in the range as well as slightly below 21DMA.
If it trades above 215-216 then it will be buy trade for minimum of 5% upmove with stop loss of 210.
You can also refer my previous ideas about Kabra in below link.
#MARUTI #Breakout #Head&Shoulder ~ Positional Trading SetupMaruti Suzuki Ind : Positional Trading Setup
Maruti Inverted Head & Shoulder Breakout with good volume.
Trading above 50 DMA & Resistance Zone.
Looks bullish above 7600-7650
Keep Stop Loss below 7230
Possible Targets:
T1: 7900
T2: 8300
T3: 8650
T4 : 8950
Also, do check the below related ideas for other stocks 👇
CUMMINSIND POSITIONAL TRADE SETUPCummins India is making ascending traingle.
.
So if the stock give breakout above triangle target will 940-960.
.
If it goes below trendline then we can see the sharp selling. But I think volume is high,
.
There is less chances to go bearish.
.
What's your view on this comment below in the box.
PFC Positional Trade SetupPFC making cup and handle patter in the day time frame,
.
So for we will buy this trade once it cross 140 for the target of 160-170.
.
140 is the resistance if it's break, we can see the good upward momentum in the stock.
.
So what's your view on this comment below in the box.