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Profitbooking

When to sell_ ITCNamaste! I have been tracking ITC for quite some time. Now, I see an upcoming bearish momentum in the coming weeks. Q: Why am I saying this? A: Well, all time high of ITC was Rs 367.70. It broke it's multiyear lows (of Rs 178.65) on 09 March 2020. So, it can be a long term pattern of "lower lows and lower highs". This price can be the next lower highs. Profit booking will definitely come at this prices, because there will be many investors who will be exiting "before Rs 367.7 prices". And Nifty did not break Apr 2022 swing highs, it is indicating an upcoming bearish momentum. Q: When and at what price should I exit? A: You can place a sell stop order at Rs 329.60, so you lock in your profits. I would suggest positional traders to do this. I repeat, prices must break those levels, so your order gets triggered and you exit. For investors, they can consider booking/exiting at such prices as well. And they can consider buying it back at Rs 281 levels. I am not right 100% of the time, so only apply this when my points seem logical to you. Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Prices may or may not reach mentioned levels, resulting in opportunity loss. Please do your analysis and/or consult your financial advisor before applying anything.
NSE:ITC
by UnknownUnicorn7637383
15
Wait for Investment opportunity_ Nifty50 medium term analysisNamaste! Waiting for a retracement is always a best thing that provide very good investing/trading opportunities. It significantly affect ROI (Return on Investment) percentage. Please read following points, to get idea what I am talking about. 1. If you can see in the previous weekly candles and overall chart, the market moved higher (since Nov 2020) but with small-small candles . 2. It's very common to understand that it is a nature of a bull market . 3. But in recent two weeks, the market rebound so fast, which is not a nature of bulls . 4. So, I am expecting the market to come down to previous horizontal support, before moving higher. Obviously, this is not going to happen overnight and it may take some weeks to months to reach that level. 5. Keep your funds for investment ready, to exploit this wonderful opportunity, when it takes place. 6. I am not advising you to sell your current investment to buy at more cheaper prices because, it is possible that it takes more time to reach that level and you will be losing opportunity cost of your money . 7. But, you can consider booking profits on mid-cap and small-cap stocks (which you think is overvalued). Because, when markets fall, they react even worse on the downside. 8. My analysis can go wrong, but I think waiting for a right opportunity will eventually pay you off for the opportunity cost (if market proves my analysis wrong). Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
NSE:NIFTYShort
by UnknownUnicorn7637383
NUCLEUS SOFTWARE REVERSAL PATTTERN FORMED - SHORT POSITION Due To Weak Quaterly Results It Was Underperforming And Trading Low On The Curve From 750 To 350 Since Last 9 Months. But Dec 2022 Results Were Superb Compatative To All Previous Quarters Of Last Year Hence It Rallied Almost 75% In A Week. As Showed In The Chart There Was A Bearish Gap Level Oh 13th August 2023 At 621 - 638 Price, Where We Can Assusme That There Are Maximum Unfilled Orders That Are Placed For Profit Booking. On 24feb,2023 Nucleus Soft Touched That Level And Made Gravestone Doji On Daily Time Frame Basis That Too Formed On Upper Bollinger Band Along With The Rsi Divergence In 2 Hours Time Frame. It Should Correct Till Mean In Daily Tf Bollinger Band I.E 485 Odd Levels And Also There Lies A Demand Zone . Hence Trade Setup Goes Like Crossing Low Of Doji Stoploss - 648 Entry - 624 Tgt - T1 : 576 ( 2:1) T2 - 485. But Trail The Sl After T1 Achieved. Size - According To Risk Of Your Capital.
NSE:NUCLEUSShort
by maharshisavalia
2
Expecting a small correction in the AUTO SECTORNSE:CNXAUTO I am expecting a small correction in the Auto sector. It is because the price is facing resistance on the upper trendline. The MACD indicator is showing a small divergence as the MACD Line didn't went up when the price went up and giving random crossovers. It is moving in a range but the prices went up in past one month. The same is with the RSI, there is also a small divergence as the RSI is moving in a range and didn't went up with the prices in the past one month indicating loosing momentum. I am expecting the prices to correct and test its 50 EMA levels and extremely it could test the lower Trendline. But not expecting a Bear trend or a trend reversal, as the Sector has outperformed NIFTY 50 for the last 1 year. It is a good time to book partial profits and re enter at lower levels. Disclaimer : It is my own view and analysis. It is for educational purposes and not any type of Recommendation, call or a tip.
NSE:CNXAUTOShort
by Kunal-Battu
3
NIFTY Possible Trade for 26-07-2022-Profit Booking to Continue?With the index having run up almost 1550 points from June lows, it is reasonable to expect some profit booking. Given that monthly expiry is in two days we can continue to see profit booking which can drag the index to lower levels. The upside seem to be capped at this stage near 16700. On the downside we could see the index moving to 16500-16380 zones which can act as a major support area for the series. Important levels for the day and expiry are given below. Bullish Above 16680 Possible Upside targets 16720/16780/16820 Bearish Below 16660 Possible Downside targets 16560/16510/16480/16420/16380/16340 Disclaimer: The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades
NSE:NIFTY
by binuppaul
DELTA CORP TIME TO AVOID FRESH BUY LONG POSITION Now delta corp ltd enters profit booking zone for 273 to 302 with climax volume.coming weeks consolidating and profit booking comes.best price to enter pullback zone 265 to 248.fresh buy above 300 with strong volume close with pullback entry.so time to keep watch smaller timeframe 30min reversal candle.now in 30 min timeframe triple top pattern occur.below 275 level keep radar.this is my personal view.not any recommendation either buy or sell.
NSE:DELTACORPShort
by STOCKBREATHE
Tata Consumers Profit Booking Zone HEY TRADERS, THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD... HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS POST. DON'T FORGET TO SUBSCRIBE. COMMENTS WRITE DOWN BELOW OF THIS Chart... THANK YOU... ~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only.
NSE:TATACONSUMShort
by ashish_2108
Nifty Correction is likely to take place till 12400As you could see Green area in chart we had a bad crush in 2008-2009. After the fall Technically we saw a bull rally of 1.6 times of the fall and market made high of 9180 before having corrective move till previous high of 6200 which is also 38.2% of the bull rally which is drawn as white dotted line in Green area. Similarly, This time also as we can see the white area, Market had fall from 12400 to 7500 and the bull rally also continued till 1.6 times similarly like 2008-2009 and reach to 15400. Similarly , this time also we will see a 38.2% correction of current bull rally before it moves further. The 38.2% of the current bull market also comes at previous high around 12400 and this is not a coincident but a well known Retracement Theory in Technical. Hence,that we will trade lower till 12400 before entering new bull run.
NSE:NIFTYShort
by pratiktech
8
BNF profit booking!***Disclaimer-- please trade at your own risk** for educational purpose only*** 1. Looking weak on daily 2. narrow range expiry on 11th Feb 36000 - 35580, volatile! expected profit booking but support was strong 35550 zone 3. Expecting have some profit booking 34850 range, bnf breakdown 35600 and hold for 10-15 mins it should be a good shorting opportunity 4. Target T1 - 35350, T2 - 34950, T3 - 34850 (if it's a heavy profit booking) 5. RSI 1hr taking resistance @50, daily @72 could support @70 if sideways else 60 would be the next support (if heavy profit booking) 6. if its a positive day by any chance, T1 - 36000, T2 - 36330
NSE:BANKNIFTY
by embarrassedLoL