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Positionaltrade

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
How to make big profits in BHARTIARTL ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :) ✺✺ Target: 1000 Followers ✺✺ $ Chart type: symmetrical triangle, Let it break for the above and close on a daily basis, if the risk to reward of your setup matches with your appetite then go long, also do use your setup once before trading to recheck if the trade is worthy :) Happy trading guys ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ 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 :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
NSE:BHARTIARTLLong
by Averoy_Apoorv_Analysis
2
ABFRL Symmetric Triangle BreakoutABFRL ready for a short term positional trade for target price 241. Confirmations: Morning star candlestick pattern : Its a bullish trend reversal pattern having very good result when occurs in a down move or a down trend. Breakout : Symmetric triangle pattern breakout with a Large bullish candle. Volume : Volume at breakout candle is above the volume moving average of length 20. Its almost more than twice volume MA. MACD : MACD crossing above zero is considered bullish. MACD histogram showing positive strength. Histogram bars are increasing. RSI : RSI is above 60. Its a good sign for a bullish trend with a good strength. Here I have considered target from resistance line near 241. Disclaimer : I am not sebi registered. This is for educational purpose. Take your decisions with your own analysis. I am not responsible for any profit or loss.
NSE:ABFRLLong
by AmeyKajarekar
How to Do Swing trading in HDFC Bank✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ Chart Type: Bullish Symmetrical Triangle On Day chart:: I am quite bullish on banks, they all are making bullish patterns, some given BO quietly and some in making, lets see what happens, if a good BO on bank nifty in some days takes place = it might touch all-time high and for that banks like Kotak, Hdfc, Indusind Axis, ICICI, Bandhan, etc all are going to retest the near term high LEVELS :) THAT'S JUST a thought ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ 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 :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
NSE:HDFCBANKLong
by Averoy_Apoorv_Analysis
6