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Positionaltrade

Kabra Extrusion | Still in the range | Just keep it on RadarSTILL STUCK IN THE RANGE. NEED TO WAIT FOR THE EITHER SIDE OF THE BREAK. If it gives the breakout on the upper side on daily candle with volume then we will see upside movement and same for breakdown on the lower side. In positional trade, there will be easy 5% that one can get from this trade. Keep this on Radar. But only take the trade once it have a cross the the level on daily candle with volume on either side. Do comment your doubt or suggestion. NSE:KABRAEXTRU
NSE:KABRAEXTRU
by Trading_hawk
Phillips Carbon - Positional - a mistake I corrected Sharing a mistake I made and how I corrected it. On Weekly chart, I saw a nice rounding botton pattern and stock close to ATH with a BO candle of 26 July 2021. I also saw volume expansion on that day as well as expansion since the candle of 18 January 2021. I went long at approx. 270. Although RSI was above 60, what I failed to see was RSI High was flat. And price was making a high with flat RSI. That was my first mistake. The second mistake was my decision was based on upward slope of MA line and entry price was roughly 25% away from 30 Weekly MA. The third mistake I made was I have a rule where I add 20-25% corpus on BO with Volumes and slowly add the rest on retracement based on price action. In this case, I added 75% at one go. I also didn't see the Daily chart for entry. A lower timeframe is recommended as ideal for entry, so for someone like me who invests positionally basis Weekly charts, I should have taken cognizance of the price action on Daily. We don't know what will happen in future. Nifty 50 is on steroids and maybe price will go up or it may retrace and form a cup and handle pattern which is a better confirmation in terms of probability. At my entry price my risk was way too high to add 75% at one go (If I had added only 20-25% this would be a safe trade). And as investors and traders, we have to manage risk and protect capital. You may wonder why did I do this? It was my mind that was excited and momentarily I saw a prominent site where the stock had made the day's high. I make a conscious effort to not follow the calls given by research agencies or stock news sites. There is a reason behind this- news comes later, charts inform us earlier. I exited a part at cost and remain invested only 25% of my corpus for this stock. If stock retraces to the area of better Risk Reward zone, I will add more. Disl: This is not an investment or trading buy / sell advice. The purpose of this is educational- to share knowledge and learn from the community members. Please consult your investment advisor for any investment related advice.
PEducation
by culturalDealer79974
3
KABRA EXTRUSION | STILL STUCK IN THE RANGE | NSE:KABRAEXTRU STILL STUCK IN THE RANGE. NEED TO WAIT FOR THE EITHER SIDE OF THE BREAK. If it gives the breakout on the upper side on daily candle with volume then we will see upside movement and same for breakdown on the lower side. In positional trade, there will be easy 5% that one can get from this trade. Keep this on Radar. But only take the trade once it have a cross the the level on daily candle with volume on either side. Do comment if you have any doubt or suggestion.
NSE:KABRAEXTRU
by Trading_hawk
Elgi Equipments ELGIEQUIP - Positional Trading I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend. Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a particular index such as Nifty Infra in this case (Elgi makes compressors and they are capital goods for industry) or Nifty 500 the broader market. The area where price is moving up (marked with a green upward arrow) is defined as Stage 2 structure according to Stan Weinstein. After this, we see a Stage 3 structure marked with a black box. During Stage 3 structure, price is rangebound and this period can be for many weeks or months. Remember, this is where we lose TIME. And for traders (and also Investors), TIME is important. I have marked a breakout candle (in orange) and that is where I like to enter provided I see confirmation on volumes (marked with orange in the volume histogram). Stan Weinstein says Positional Traders should ride the trend and exit stocks only when they start trading below the 30 weekly MA. He further says not to buy in LH LL structure because there is no way one can tell how far or how long can the fall be. See for yourself how often stock stays lower. The breakout candle of 10 August 2020 is of importance. Note the volume expansion. Also note that retracement is till the mid point of the 10 August 2020 candle and stock does not fall anymore. The candles of 9 November 2020 and 7 December 2020 are also very important. The latter breaks prior pre-pandemic resistance. Around this time the Relative Strength of the stock starts outperforming against the broader market i.e. Nifty 500. Analysis is easy on hindsight. What would I do if I were to take a buy call now? I will go long only when I see a breakout candle (marked in orange) confirmed by Volumes. Because Nifty is near ATH and in Stage 3 structure, there are two things that might happen. It may again start a new Stage 2 structure or form a Stage 4 structure which is start falling from the box. Hence in a market like this, I would shift to the Daily chart, add a 50 Daily MA and if the stock breaches 50DMA and goes lower, I will exit 50% of my holding. And if it breaches the nearest swing low, I will exit completely- the candle of 27 May 2021 on Daily chart. This is a variation from Stan Weinstein's framework. Disclaimer- This is not an investment or trading buy/sell advice. The purpose is to share knowledge and learn from the community. I am not invested in the stock as on date.
NSE:ELGIEQUIPEducation
by culturalDealer79974
2
Oriental Aromatics - Positional TradingI have based my analysis primarily on Stan Weinstein's methodology with some variations. Price structure, 30 Weekly MA, Relative Strength and Volume are key elements of Stan Weinstein's framework. I have added the Delivery percentage (not to be confused with Delivery Volumes) of last two days and the average of the previous week and RSI indicator to get a further confirmation of momentum. The timeframe that I have referred to is Weekly which is suitable for slightly longer duration of trading or even investment. The advantage is analysis can be done post market hours and the weekly timeframe ensures lower price whipsaws. Entry strategy- Once the conditions are met on Weekly timeframe, I stagger my entry to 20-25% at the breakout weekly candle and then enter the balance 75% on retracement. Stan Weinstein advises staying with trend so long as the upward trend continues and 30WMA is not breached. Since Nifty 50 is near ATH, I do a slight modification for Exit- if stock decisively closes below 50 DMA, I exit 50% and if it breaches the nearest swing low, I make a total exit. It is important to protect capital and hence risk management is key to grow account size. About the company- Oriental Aromatics is engaged in the Business of manufacturing Fine chemicals i.e. camphor, perfumery & specialty aroma chemicals, fragrances and flavours. Company is one of only ten completely integrated flavour, fragrance and aroma chemical manufacturing companies in the world. Source: Screener.in CMP INR 925 RoE 20.2 Debt 0.14 Equity Capital INR 16 CR PAT INR 114 CR Promoter Holding 74% 5 year Sales CAGR 15% 5 year PAT CAGR 36% Operating Margin 22% Disclosure: Not an investment or trading buy/sell advice. This is for learning purposes and exchange of knowledge. Figures mentioned above rounded off.
NSE:OALLong
by culturalDealer79974
KABRA EXTRUSION | SIMPLE TRADE SETUP FOR POSITIONAL TRADENSE:KABRAEXTRU Today it has broken the 21DMA and traded below it. As per my personal view there will be a consolidation between today's high and today's low for few more days. And once it breaks on either side it will give minimum of 5% move. If it breakout above then make sure that at that time it should cross the 21DMA. For Safe trade better to enter once the Daily candle break on either side. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:KABRAEXTRU
by Trading_hawk
Jindal Stainless Hisar - Positional tradingThis is a positional trade idea where I have applied the principles of Stan Weinstein of price structure, volume, relative strength and 30 weekly moving average. This form of trading needs some patience and is suitable for those who may not have the time to watch charts each day. Sector Structure- The first step is to watch the sectoral index i.e. Nifty Metal index. This gives a bird's eye perspective of where the sector is structurally. Do not enter a trade if price is below 30 MA on Weekly chart or in a LH LL structure. Stock Structure- JSL Hisar is in Stage 2 structure with price above 30 weekly moving average and the latest weekly candle has broken prior resistance decisively with a strong body candle and volume expansion. It indicates strong demand. Pattern- A variation of cup and handle pattern can also be seen which represents volatality contraction. RS- Relative Strength (not RSI) is a measure of strength and performance of stock against the whole market or a particular index. In this case RS has outperformed the CNX Metal index. Risk- It is important to have a clear idea as capital protection is key in trading. It is also important to recognize that different traders have different risk appetite. Positional trades give the stock room to breathe and retracements can often be anything from 15 to 20%. Therefore, it is important to find the right entry price. Here, it is important to note that CNX Nifty 50 has been in a heady upmove since March 2020 and in the eventuality of retracement in the broader market i.e. CNX Nifty 50, all sectoral indices are likely to move lower. Nifty 50 is in a stage 3 structure and is ranging sideways for some weeks. Hence, to protect capital, my first stop loss will be the low of the Daily candle of 22 July where I will exit 50% and the second stop loss where I will exit the balance 50% will be the 50 Daily Moving Average on Daily chart- this is a slight variation that I have learn't from my guide. Entry strategy - 25% at the weekly candle of 19 July and adding on as price retraces. This gives better risk reward ratio. But important to remember the risk mitigation strategy. The idea in positional trading is to be with the trend till any of the risk factors mentioned above are violated. Disclaimer- I am not a certified investment advisor or a chartist. This is not a buy or sell recommendation. The purpose of sharing this post (my first one) is to learn from the community members and experts in the group.
JLong
by culturalDealer79974
1
BREAKOUT IN INDIABULL REAL ESTATE Range Breakout with unusual/high volume or Breach in Previous high with unusual/high volume in Indiabull Real Estate (IBREALEST) can be seen in 1D Timeframe. Position can be made at CMP or can apply buy on dip strategy till 125 level. Would suggest to apply buy on dip strategy for this security for the short term target of 143 and 160 levels with a strict stop-loss of 124.90 (only on candle closing below basis) . THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
ILong
by Ankushkokane