Get started

Pullback

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 :)
NSE:CIPLALong
by InsiderB
2
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 !
NSE:RAYMONDLong
by InsiderB
2
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 !
NSE:NIFTYLong
by InsiderB
6
HDFC triangle breakout pullbackThe stock has broken out of an upward sloping triangle with good volumes. The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy. The RSI's overbought signal indicates the same. A very great stock, also considering the pressure on PSU banks, private banks like HDFC would do well. Medium and long term trend is up. (50,100,200 MA's) Target, let your profits run until you get a clear reversal signal.
HLong
by HarshShivlani
2
YesBank : Just say Yes to My Plan...The Problem we have here is, we are in middle of C to D move & if you notice we have predicted two ways for YesBank to move up. i) The first straight line (orange) - if that happens, I don't have any reason or setup to take trade. I will be just watching till it reaches 1570's zone - No Trades at all ii) The pullback scene - Here Only on Bullish reversal , I will be taking the trade Consider if first scene happens, people who are bit emotional chase that & feel like , I will get atleast next 40 points , even if there is no trade setup But professional traders will never do that mistake. We take only when the trade happens as per our plan. Hope you got the point :)
NSE:YESBANKLong
by InsiderB
14
BPCL : Pullback in our Entry zone !This is simple entry setup in BPCL, I have no further views on Nifty, its getting single sided... To do some analysis, Market needs to be dynamic & spread all over the zone Up , down n range.. But All we are seeing in Nifty is just a straight line to upside, so skipped post for the day. Enough of Nifty, lets get back to BPCL, the entry setup is just based on pullback to support zone & on bullish confirmation in the zone , we can take the trade. But what if BPCL gets gap up or never comes into our zone or no bullish confirmation - No Trades As simple as that... Happy Trades !
NSE:BPCLLong
by InsiderB
3
BankNifty : Bored ?? Let's Buy Some Banks :) Simple Trade setups are the best one's. Instead of getting stuck with some complex trading systems, the simpler the better I believe.Today morning, first I looked at Nifty, didn't feel quite good about it, its completely ranging,so shifted focus on Banks..yea we are gonna buy Banks like Billionare's :).Lets keep funny things aside, here we are looking @ Banknifty and it just broke out of rectangle pattern ( our favorite pattern for past 3 weeks..Love it ! ). So if there is any pullback to check the resistance-turned-support area 19000's, we will be ready to get long in Banknifty. That's the simple setup we are looking at. We can also count elliott waves starting from 18450's, and wave 3 getting completed around 161.8% of Wave 1. Wait friends, nothing rosy as it looks, bcos 161.8% n wave 3 doesn't imply it will return for sure,so that we all can go short. If we have to trade wave 3 to 4, look for other valid bearish confirmations & enter, bcos its possible that banknifty may decide to reverse @ 2.0 or 2.24 fib extensions. If all goes fine and short plan worked, book profits around 19000's (+/- 0.5 %) and initiate long positions around our marked entry zone in Banknifty. We can call it as pullback entry or based on waves or someother technical analysis, all are good n valid. It's myth that one method is better than other. So if we take long positions @ 19000 in banknifty we are aiming around 700pts, only if everything goes as we have analysed. Yeah ! Let's go n Buy some Banks :) Feel free to leave comments to discuss/ Hit Likes if you agree... Happy Trading !
NSE:BANKNIFTYLong
by InsiderB
6