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Positionaltrading

POSITIONAL TRADING WITH STRONG STRUCTURES (BASF INDIA)There are many ways that one can trade in markets and make money but the best way one can make money from trading stocks is positional trading where one catches big moves with fewer efforts and time and it's not stressful as compared to intraday and swing trading. So here I am sharing a Trade analysis of BASF INDIA which explains How you can combine price action, Market structures, and smart money concepts together to find the best high probability setups possible to trade. Trade Analysis I have shared on charts Hope you enjoy and learn something new from it👍 FOR MORE IDEAS PLEASE SUPPORT BY SHARING THE ANALYSIS AND DO FOLLOW AND LIKE. IF ANY DOUBT ARISES DO COMMENT DOWN BELOW I WOULD LOVE TO HELP YOU. - Pranesh Sahoo
NSE:BASFLong
by PraneshTrades
DMART - Inverse Head & Shoulder PatternIt is an Inverse Head & Shoulder Formation. On 18 may 2021, There is a Candle with a good volume breaking the Neckline of the Pattern. This is a positive sign or a confirmation for an Up move. Stock price is taking support of a Neckline. If stock shows some up move and when it breaks the nearest swing high (red candle next to the breakout candle) we can take entry for Swing or Positional trade. So the Entry price is above 3090.95, we can take entry between 3095-3100. Formula to calculate the Target Price Target = (Height from head to neckline) + Neckline Height from head to neckline = 309.45 Neckline = 3018.95 Target = 309.45 + 3018.95 = 3328.4 So we get here Target 3328.4 and it is near to the all time high price that is 3330. You can consider stoploss close below the shoulders of the pattern as it can be the support line. Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
NSE:DMARTLong
by AmeyKajarekar