BAJAJ AUTO BROKEN MARKET STRUCTURENSE:BAJAJ_AUTO
THE SCRIPT HAVE BEEN IN A GREAT UP TREND CONTINUOUSLY FORMING HH AND HL PATTERN SINCE THE MONTH OF MID-APR. UNTIL A DOUBBLE TOP FORMATION HAPPENED AND IT BROK IT MARKT STRUCTURE OF FORMING HH AND HL AND HAVE FORMED LH ARE WE LOOKING INTO A DOWNTREND START OF THE SCRIPT.
ONLY FOR EDUCATIONAL PURPOSE NOT TRADING ADVICE.
CHART BY HarmonicTrading™
Priceactionanalysis
Idea Vodaphone Price ActionIdeaVodafone has gone through two phases of Price Action, Accumulation, Advance phase over. It is in distribution phase. Traders slowly offloading their holdings. It is at crucial support, be careful to enter with Strict SL or avoid. Decline will be unstoppable! (Take this as educational only)
How I got 10 points in BANDHANBNKBANDHANBNK was in my radar from last three days, since yellow trendline was tested by many times hence it became weaker. Today morning when price crossed pink line which was yesterday high, i entered into the trade 276.45 with SL 266 below the yellow trendline and keeping the momentum in my mind because of expiry day I took R:R 1:1. and booked my profit at 286.25
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Missed BD in M&M, however captured 5 pointsI have selected M&M yesterday for Today session(8th June 20) since it was forming a nice pattern in 15min TF.
I missed the BD, however i have entered once price crossed the pink line(previous day low) and got 5 points. Target was the green line(day before yesterday low).
Entry - 474.9
Exit - 469.5
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Bata IndiaCurrently bata india is in the state of indecision of going up or down . Previously it shown some choppy movement , which is not enough to get information . If the market is sustain in these levels for 15-30 min you can open the trade with low quantity . This all are for educational purpose only , i am not perfect in market . you can see my previous analysis of axis bank and nifty , which were near to perfection .
price action Analysis for tomorrow . This all are educational purpose only , don't trade without proper money management . You can see my previous nifty analysis , which is nearly accurate . Guys this is 1Hr time frame , do trade on 5 and 15 min TF only . If the trendline broken the supports are drawn below .
Through the analysis with price action currently the market is choppy (indecision). Trade with low exposer .
DCB Bank BO at 214 Jun 06, 2019Hi All,
Finally some time back DCB bank gave a breakout at 214 now trading at 239 also its life time high.
The business has been growing at 15-20% per year.
The 200 DMA of the stock was at 146 when it took the support.
In my opinion the stock should move another 40-45Rs from here before facing some correction.
Happy investing.
LOOK FOR BUYPrice bounced from the support zone on the higher timeframe and we can see clear impulse wave with the two HH and HL structure and also there is a trendline break confirmation, Now we need a clear buy signal to enter into the trade. This is the low-risk high-reward trade so look for the bigger target but take the entry on the lower time frame
POSITIONAL STOCKS FOR 2-3 MONTHWe have shortlisted some stocks as per the fundamental analysis for the positional trading but we do not enter into any trade with only fundamental.
We use our trading strategy to enter into the trade and the strategy based on price action technical analysis. We always wait for our setup to enter into the trade.
We take the trade only if the particular stock meets all our entry criteria, Most of the time we take entries in a lower timeframe like 15 minute or 1-hour timeframe.
There are lots of research behind the stock selection and the trading strategy, So please do not invest without proper knowledge, Do your own research before investing or trading.
And this list will be updated according to the market movement.
These are the stock list for the month
1 - SPENCERS RETAILS
2 - CESC
3 - GRUH FINANCE
4 - CHALET HOTELS
5 - PAGE INDUSTRIES
6 - BERGER PAINTS