ASCENDING TRIANGLE BREAKOUT IN MUTHOOT FIN MAR (FUT)ASCENDING TRIANGLE BREAKOUT IN MUTHOOT FIN
WAIT FOR A PULLBACK
MARCH FUT
BUY@555
STOP@544
TARGET@590
LOT:1500
QTY:1
Pullback
NSE: NIFTY possible move for 11018NSE: NIFTY possible move for 11018
Chart pattern suggests that current volatility might take nifty for 11018 level.
Long at current level with stop loss between 10800/10767 for a target of 10910, 11018 +
Movement with higher lows in last few sessions suggest it is most likely to push nifty higher.
Use stop loss
NSE: Nifty Possible Bounce Back to 10815After sell off nifty might bounce back
Long between 10639 to current level with stop loss around 10570 level 50% fibo level from recent high
And Trail for Targets 10815, 10883 possibly.
Below 10570 might try for lower level.
Use stop loss
NSE: Kotak Bank Possible Long for resistance break above 1268NSE: Kotak Bank Possible Long for resistance break above 1268
From High of 1408 on July 19 to Low of 1133 on Sept 28
Pull back is in progress with triangle pattern
Today closed above 61.8 retracement level from 1408 fall.
Level 1268 looks like resistance.
Possible Long for resistance break to take 1321 level,
Further break above triangle can touch 1400 level
Stop loss @ 1200
Use stop loss and trail stop loss
Long on TCSTCS may have some pullup on long side and levels are mentioned on the chart.
Note - for intraday, please exit your position with level of T2.
JSW STEEL: BREAKDOWN, DIVERGENCE, PULLBACK & NEXT SUPPORT LEVELSNSE:JSWSTEEL has already given a breakdown with RSI Divergence and pull back is done. The support is now acting like a good resistance. Therefore, next supports level for NSE:JSWSTEEL are drawn on chart.
pullbacknifty is going for a pullback.Has the potential to go 11020.safe traders can book profit at 11235.ONE HOUR CANDLE SHOULD CLOSE BELOW 11550
CHANNEL/RECTANGLE(RANGE) BROKEN IN BANKNIFTY/SHORT ON PULLBACKSOME PULLBACK EXEPECTED TILL 27550 TOMORROW
IDEAL LEVELS TO GO SHORT ON THE INDEX
CHANNEL BROKEN /RANGE(RECTANGLE RANGE BROKEN)
SHORT@27550-575
STOP@27680
TARGET@27300
LOT:40
QTY:5
NOTE:LEVELS ARE AS PER CASH/SPOT RATE
PLEASE ADJUST IN FUTURES ACCORDINGLY
BTST IN INFY SEPT FUTBTST IN INFY
SEPTEMBER FUTURES
DOUBLE BOTTOM BREAKOUT CALLED PLAYED-OUT
PULLBACK PLAYED-OUT
NEW HIGH TAKEN-OUT
A CLASSIC UPTREND CHART
BUY@1440
STOP@1429.5
TARGET@1455
LOT:600
QTY:2
Reliance Flag Breakout Everything in charts.
Aug CE looks good as July CE will just eat your premium and you might lose money even if target is achieved.
Take calls at your own risk.
TRADERS DELIGHT (JUL) AND A POSITONAL MIGHT (SEPT)SMART INVESTORS WILL ACCUMULATE
AT THESE LEVELS STOCK HAS RETRACED
MORE THAN 61.8% AS A TRADER TRADE FOR
SHORT COVERING AS A POSITIONAL TRADE ACCUMULATE AT THIS LEVELS
TRADER CALL
JULY FUTURES
BUY@107(WAIT FOR IT
STOP@104
TARGET@120
LOT:4000
QTY:2
POSITIONAL CALL
SEPTEMBER FUTURES
BUY@107
STOP@99.20
TARGET@135
LOT:4000
QTY:2
NOTE:
STOCK HAS FORMED A STRONG MARABUZO CANDLE
WAIT FOR THE ENTRY PRICE YOU WILL GET IT TOMORROW
LONG-TERM CAN WE BUILD FOR BIG TRADES BY BUYING IN OPTIONS
CNXPHARMA – Short term correction on cards ?After an explosive rally of about 1500 points (8000 to ~ 9500), Nifty Pharma NSE:CNXPHARMA has been facing stiff resistance around 9500 levels for past few days.
Also, I can see that it has formed a Double top with negative divergence and broke the rising trendline today.
Most major stocks like Lupin, Dr. Reddy, Cipla which appeared to give a breakout have retraced back their gains making a strong case for a false breakout.
(I had mentioned this possibility yesterday in my ideas on Lupin, Dr. Reddy and Cipla)
If it breaks 9100 levels, we could see a retest of 8800 levels before Pharma index resumes next leg of rally.
However, if it holds 9100, the rally might continue upward without further fall.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Sun Pharma - Time to book profits ?Pharma sector has been on a roll for some weeks now and it may be time that the sector cools off a little before commencing the next leg of rally.
After a big upmove from 436 to 579, I think Sun Pharma NSE:SUNPHARMA may have entered into correction mode, looking at the large Bearish candle and Evening Star pattern that it formed today.
Good opportunity to short here for a first target of 535.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
LT : Pullback entry on ?!Whether the pullback will happen or not : No idea
Thing we know for sure is entry on pullback :)
Its daily chart, so have patience !
bharat financial inclusion looks bullish in medium termIn weekly, price is consolidating above strong support zone, also it is trying to retest the support zone,
in daily hidden bullish divergence is seen
it looks bullish in longer time frame, so we can see 1400 level here,
with an initial sl - 870, one can ride the uptrend here,
CAPF Falling WedgeFalling wedge pattern have been observed in CAPF, after breaking pull back have been done. Can initiate buy at 61.8 Fib levels with Stop below Fib 50% level
THE CONFIRMATIONWe generally talk about breakdown and breakout confirmations. I have tried to present what confirmations actually are and how they are traded.
Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only.
Same strategy can be used for breakouts.
Notes on the chart.
Hit like/comment for better educational posts in future.
Trade safe, stay healthy.
Best Regards
Bravetotrade
Cipla :Will this Bull Momentum sustain ?!In Cipla chart we clearly had new high formation breaking previous resistance & we had a slight pullback to a support zone. Till 555's zone Cipla the pullback zone can be extended but we never know what Markets gonna do, So planning your risk:reward is vital here. As per your trade plan, check what is your risk depending upon that take entry. One of those risk:reward entry's is shown on chart how its done but this same entry setup can be very risky for other few, thats why always Go as per your trade setup, take this only as potential trade chances put out to public :)
Raymond : The Complete Man !Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above :
i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine.
ii) If you don't trade simple patterns, then you can consider this as simple pullback to retest 810's, so on Reversal confirmation go for long trades, if its in your plan
If you go for hourly timeframe, you can see more of ranging market in Raymond which awaits a breakout & the downside breakout : lets not play with it. So if only the upside bullish momentum is seen, we get long in Raymond.
Happy Trading !
Nifty : Pullback & then Run Up...After a day full of technical glitches, I hope we resume normal trading from today. There can be several theories for the glitch & we can make many post out of it but for time being lets look at result oriented task.
When scrips, which showed volatility are ok to trade again ? This was the most frequent question I got yesterday.
Intra Guys, never worry. Nothing Changed for Us.
Positional's till those wicks are filled with some orders n market covers up the space, wait. Ex: SBI looks ugly n screwed.
Fib extension reversal so I expect 50 points pullback in Nifty & 9730's will be good pickup point for Us to get into the trade, its bit weaker zone that's why having another zone below it at 9700's. But let's wait for the trade setup to happen as expected, if Bulls decided to run from here to upside, Buy on yesterday high break only if you have proper trade setup which you have tried already.
Happy Trading !
