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Q&A_ MRPL, how did it move so violently and next move from here?Namaste! I want you to pay attention towards 3 arrows. 1. Black arrow: This candle had an increased selling volume (resistance), which was broken by 3rd weekly candle followed by 2 weekly candles of consolidation. 2. Blue arrow: This is the candle where bulls entered with approx double the volume and were able to close above the high of blue candle. 3. The rally continues. 4. Orange arrow: 1st time, sellers were powerful enough to push the prices, up to the low of any high breaking green candle. . Q: What could happen from here. A: Profit booking will come as well as it has started from current prices. Look, the stock can not just go up and up. It is pending for profit booking, then it may consolidate for some weeks. Then another bullish momentum is expected. Q: What should current position holders do? A: a. You can book the profits right now, b. or you can trail your SL below low of high breaking daily green candle (keep trailing for future candles as well). If following my decision you make profit, nobody cares, but if you followed my idea and sold, then stock moved another 100%, you will blame me. Reality is nobody can predict the top. Disclaimer: You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:MRPLLong
by UnknownUnicorn7637383
Positional_ UltratechNamaste! 1. Ultratech looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. If the stock open gap up, then limit order at the entry price will be placed. 3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle. And be ready for a gap down in Nifty on next trading session (as SPX closed in red more than 2% last day). Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:ULTRACEMCOLong
by UnknownUnicorn7637383
Positional_ BajajfinsvNamaste! 1. Bajajfinsv looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. 3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle. And be ready for a gap down in Nifty on next trading session (as SPX closed in red more than 2% last day). Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:BAJAJFINSVLong
by UnknownUnicorn7637383
Positional_ ZomatoNamaste! 1. Zomato looks good for a positional/swing trade. 2. Entry price and Stop Loss is marked on the chart. 3. This trading idea is only valid till next trading session. If entry doesn't execute in next trading day, it will be cancelled. 4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle . Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:ZOMATOLong
by UnknownUnicorn7637383
1
Positional_ CiplaCipla looks good for a positional trade. Buy above Rs 961.80, SL 942. Target will be set afterwards, we may also trail our SL/Target considering the market behavior. The entry price may also be modified depending on various circumstances. Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:CIPLALong
by UnknownUnicorn7637383
Positional_ Coal India1. Coal India has formed Cup and Handle Pattern. 2. I am expecting a continuation of uptrend after a RETRACE. 3. Recent downfall, for me, was just like a "profit-booking" after the results. 4. SL, Entry and Target to be posted afterwards. Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:COALINDIALong
by UnknownUnicorn7637383
6
Positional_ SBI Cards1. SBI Card has formed Cup and Handle Pattern. 2. I am expecting a breakout again after a RETEST. 3. SL, Entry and Target to be posted afterwards. Disclaimer: The views expressed in this article is of my own and you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes. I already have open positions which will be squared-off after target is met.
NSE:SBICARDLong
by UnknownUnicorn7637383
Positional_ Indusind Bank1. Indusind bank can breakout from current range. 2. This maybe a breakout after around 3 years of consolidation. 3. This is a patient trade. It may require a full week or two to decide entry. 4. SL, Entry and Target will be decided afterwards. 5. My view is if it doesn't breakout (and give entry signals), It may come down to retest the "violet trendline". 6. The problem I have experienced in the banking stocks is that most of the stocks moves in direction of bank nifty. The setup in individual stocks doesn't matter that much as it should. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes only.
NSE:INDUSINDBKLong
by UnknownUnicorn7637383
Positional_ ITC1. ITC can breakout from current range. 2. Higher Lows indicating a buying pressure. 3. Shrinking "price-range" is indication of momentum. 4. We can expect two targets of 226 and 237. 5. Upcoming result looks matter of caution. 6. SL and Entry will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes only.
NSE:ITCLong
by UnknownUnicorn7637383
4
Positional_ TCSKeep track of TCS as it may provide good positional trade opportunity. Points to consider: 1. TCS is still in an uptrend considering Higher Highs and Higher Lows structure. 2. Double Top (indicated with black line) looks matter of concern. It will be selected as target. 3. SL, Entry and Target will be posted afterwards. 4. Trade will be cancelled if met with un-favorable risk-reward scenario. Disclaimer: The views expressed in this article is of my own and you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes.
NSE:TCSLong
by UnknownUnicorn7637383
2
Positional_ HDFCKeep track of HDFC. It could provide good positional trade opportunity in future. HDFC tried to break the resistance 2 times (Downward Channel Pattern), now it is already weak. If it tries to break 3rd time, there could be huge momentum or real breakout. We can exit or hold near resistance, depending on various circumstances. Risky traders may hold, safe players may exit. Entry price, SL and targets will be decided afterwards. Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
HLong
by UnknownUnicorn7637383