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...
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...
The 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...
Stock seems to have potential for pullback. Levels are on chart, manage the trade as you like. Hit like, comment n share if you find this post interesting and helpful. Trade Safe Best Regards Afraidtotrade
Stock has broken out of a 2 YEAR consolidation phase (range) with great momentum. Looks like its read for a pullback/retest of previous resistance/new support. This new support matches with the 61.8 retracement level, which is also where generally reversal happens. Lets see how it turns out to be. If the stock makes a new high: go long, and cover short if you short now.
This is exact copy of YesBank trade setup, so you know the rules of the Game & Play By the Rules !
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...
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...
Conservative & Aggressive traders, Conservative traders will wait for pullback even after the breakout, so I guess its what happening in Banknifty. So, a pullback and upside move to complete ABCD pattern ? We will see what happens in Banknifty...
HDIL has closed above S/R zone, next green candle and you can buy with target for 90, 92.3 & 96. Trail with SL if it goes any further. If goes below 85.8, short with targets of 82 & 80. These are my personal views about this stock, do your own analysis and trade accordingly.
Why there is no mention about bulls even if there is 3 supports in Infy ...somewhere I feel IT sector is still weak. Anything can happen...
It is been observed on the hourly chart that the price action shall pull buy from the strong support levels as the buyers are active at the levels. It shall move further up. We also see the divergence on the hourly chart as well. Target: 29.50 Target 2: 30.50 Stoploss: 27.50
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 @...
A lot depends on today's open whether to trade this setup or not to trade. If there is Gap down below our zone trade become invalid in LT or on bearish close - no trade. If we get pullback on 15mins to our support zone or open near our zone it will be awesome risk : reward setup to take the long trade in LT
This trade on Bharatforg may take a month or so to complete the full trade, its for positional traders who trades on short term a month or two. Dont expect this to happen over a week or 2,3 days Happy Trading !