IDEA | LONG | SWING | NSE:INDIA | ANALYSISDisclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions.
Buy if:
Follows current price action movements with Volume support
Respects Triangle pattern formation
RSI breakout
Good Volume on price breakout the trendline
Took support on 50 EMA
Exit if:
Sudden down spike with heavy unexpected volume
Breaks 50 EMA
Touches my Stop Loss
Priceaction
NH (1D TF) - Swing Trade Analysis given on 7th Jan, 2024NH (1D TF) - Swing Trade Analysis given on 7th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Triple Bottom - Done ✓
- Volume Spike at Resistance - Done ✓
- Retracement & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #narayanahrudayala
GOODYEAR | Daily Chart | Golden ratio pullbackChart analysis:
Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening.
Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio .
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 1400 price break candle.
Stop loss: Below 1320.
Target 1: 1512.5
Target 2: 1623.8
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BIKAJI - SWING TRADE - 23rd December #stocks#BIKAJI (1D TF)
Swing Trade Analysis given on 23rd December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte
Simple Price Action Analysis - LongSince August 2021 the price of NSE:VISAKAIND has only come down and created a reverse "N" like shape on the chart. This is a Bullish Pattern and should take the price up and make a Higher High.
As it is a dividend-paying stock hence an investment can be made from cmp, with the first target of Rs 132.80/-, a second Target of 174.65/-, and a final target of 299.45/-.
For any drawdown, the "Buy on Dips" strategy can be used and the stock should be held for long-term investment.
Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
JKLAKSHMI - SWING TRADE - 28th December #stocks#JKLAKSHMI (1D TF)
Swing Trade Analysis given on 28th December, 2023
Pattern: ASCENDING TRIANGLE
- Volume Buildup at Resistance - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #jklakshmi
HDFC Life Insurance simple price action analysisAs per Price Action theory, we have 3 reasons to buy NSE:HDFCLIFE for Long Term.
1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend.
2. Channel Formation.
3. LTF trend change signal formed due to the break of an LH and an HH formation.
The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment from CMP.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
ORIENTHOT | LONG | SWING | NSE:INDIA | ANALYSISPoints to consider
Trend is Upward.
Consolidation after Upward move.
Staying above the trendline after a good breakout on DEC 1st.
WATCH if there is any sudden spike towards up.
Buy If,
Breaks 127.9 and Support trendline with good volume.
RSI breakout conformation
Any other conformation
SWAN ENERGY - SWING TRADING - 5th January #stocksSWAN ENERGY (1D TF)
Swing Trade Analysis given on 5th January, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance & Breakout - Done ✓
- Retracement & Consolidation - In Progress
#StockMarketindia #StocksInFocus #swingtrade #chartanalysis #swanenergy
CUMMINS INDIA - SWING TRADE - 11th January #stocksCUMMINS INDIA (1D TF) - Swing Trade Analysis given on 11th Jan, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retracement & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #cumminsind
SKFINDIA - SWING TRADE - 19th December #stocksSKFINDIA (1D TF)
Swing Trade Analysis given on 19th December, 2023 (Tuesday)
Pattern: FALLING WEDGE
- Volume Spike Buildup Near Trendline - Done ✓
- Breakout Candle - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #skfindia
Short-term trend for Bajaj Finance Ltd 29.01.2024 - Feb 2024The short-term trend for Bajaj Finance Ltd. (BAJAJ-FIN) on the TradingView chart appears downward with lower highs and lower lows. Here's a breakdown:
Volume: Relatively low volume, implying the recent downtrend might lack strong conviction.
Price Action:
Broke below the recent swing low around ₹7150, confirming bearish momentum.
Struggling to hold above the ₹7035 support level, suggesting further downside potential.
Therefore:
Short-term traders could potentially look for shorting opportunities near resistance levels like ₹7150 or ₹7200, with stop-losses placed above the recent swing high around ₹7230.
A bounce at the ₹7035 support level could offer entry points for long positions if confirmed by bullish signals like higher volume or reversal candlestick patterns.
Target levels would be 6890 and 6600 if 7035 breakdown happens
Remember: This is just a short-term analysis based on the current chart. Always conduct your own research and consider various factors before making trading decisions.
Flag breakout in InfyIT stocks are looking quite bullish.
Infosys was consolidating in a flag pattern whose breakout was given last week.
A very good stock to buy for long term at an amazing price.
From trading perspective, 1300 is a SL with targets of 1700, and then ATH levels.
It is an FNO stock so big intraday moves shouldn't be expected.
Idea sahared for educational purposes