Buy above 970 (Day High) for 980 (50% Fib Retracement level), 988, 1000 & 10 point TSL after that till 1055.
Sell below 953 for 945, 940 (Long term Value Price), 930.
Refer the linked LT idea on more details on LT Price Action & Fib Retracement
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a...
A close above 3520 would incite more interest from investors as it is a darling of investors in nbfc space.
Buy above 3520 with stop at low of lower channel 3100
“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
~ Paul Tudor Jones
It broke down heavy thet day promotrsa had to skim their holdings due to RBI mandate.
A lot of FII picked up stake then, The price was set for 311 frot he block deals.
I am optimistic in thsi counter.
At this price and juncture with a good risk reward scenario and is an inside bar too.
Buy above 210, stop at 195
"Price is what you pay. Value is what you...
Gave a healthy breakout from 120 level. Expecting bullish consolidation from now on.
Buy above 120 with stop at 105
“Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes.”
~ Richard Dennis
Pharma has been the leading sector in this rebound after march lows. Many pharma comapnies are trading at all time highs.
Donald Trump announced "Buy American First" order on friday signalling in house manufacturing and curbing drug imports mainly from china.
India could benefit from as Indian companes have a significant presence in USA.
We will anyways see how...
Sun Pharm had a nice and clean flag breakout post results, But it has not been able to give confirmation of breakout.
Now if it closes below the channel, we may see it going back to lower band(though unlikley).
My bet is it will go up from here.
Long above 540 with Stop at 505.
- Long only if it breaks trendline and moves above inside bar high
- Entered demand zone and is currently indecisive, so Mon/Tue - if there is enough volume then it can break the trendline
- Respect Stop loss - new demand will be created if it breaks the stop loss
Price action clearly depicts the strong bearish view for short term.
Prior to the failed breakout price action was quite bullish but after the breakout failed the stock has continuously made LH & LL which is a classical bearish price action. RSI confirms the strength of bears and weakness of bulls. Once the RSI falls below 40, one can expect a sharp fall with...
------------------------------Price Action vs. Volume!------------------------------------
Let's talk on the left to the right side:
6th and 5th candles : wide body with normal tail and 3x volume which means buyers .
4rd Candle, Volume less compared to 5th and 6th candle and price falling: Clearly showed that something is cooking a nd till price can move...
I don't speculate, I know my key levels
I try to anticipate investors mind, then a bit setup for entry & exit.
When you master the Price Action Trading even the body color of the candle doesn't matter for you,
I only look for the Market Structure-Candle Behavior and its trending or in range!
This is how I analyze personally!