1. HIGHER HIGH - HIGHER LOW FORMATION
2. BREAKOUT WITH HIGH VOLUME
3. RETRACEMEN
4. TAKING SUPPORT ON SUPPLY-DEMAND ZONE
5. TAKING SUPPORT AT 200 MA
6. PULLBACK......??????
The stock broke the orange trendline and is now forming a descending triangle.
This is not a recommendation, Its for educational purpose only.
Trade Safe!!
Swing Trading Analysis : GMMPFAUDLER
Breakout then a retracement. Now price moving near around 200 MA and demand zone. I'm expecting a short pullback from this price.
Right shoulder is yet to form and in last session it has started forming right shoulder so you can go long for trade of pull back at cmp for tgt 930 sl-810
Guys please encourage by clicking on like...
Indus bank is on the verge of breakout keep an eye on it. Formation of triangular pattern and good volume contraction in Bollinger Band indicator.
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If bank nifty falls their is a high chances that the breakout will be in the downward direction else sky is the limit.
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Calculate your RR ratio and trade accordingly.
infy is making a triangular pattern is on the verge of breakup. Stop-loss must be below the immediate swing.
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Reason to Buy:
1) Formation of a triangular pattern.
2) Bollinger Bands showing consolidation.
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Possible breakout in upcoming few days. After breakout retracement is possible at the same levels and momentum will continue after that.
Sellers fail to bring down SBIN 3 times denote's pressure from the bottom to push up.
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Reason to buy:
1) Trend Line breakout
2) Buying pressure from bottom
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Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00.
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RR ratio should be calculated and accordingly trade should be taken.
Entry 430
Stop-loss 409
Target 530
Risk/Reward 1:5
Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio.
Don't invest more than 5% of your total capital into a single stock.
i was BANNED for violating house rule so i am republishing again without any alteration
Sold @ 198.95
Target @ 185.85
Points Earned = 13
lot size = 4300
profit booked =56,330 per lot
ITC is one stock that is exhibiting 4 strong buy signals:
1. Price Action - The stock has been trading in a price action value area as indicated in the box. Can zoom out to get a better view. See the linked ITC idea on how to exploit it best.
2. Regular Bullish Divergence - There is a clear bullish divergence as indicated on chart.
3. Declining volumes also...
Looking good buy at CMP (or buy on Dips) for Short term buy (Up to Friday) - Targets 210, 215, 220 with SL at 195
For details of Fib retracement levels, refer the linked idea.
If market & BN doesn't come crashing, Go long on August Futures or OTM options.
For Intraday, It may be a risky trade - trade in the direction of market.
Hindunilvr broken long term resistance recently buy it on pull back near resistance around 2201.
if it moves upside than buy on TL breakout above 2232.
levels on chart.
good for swingtrade as well
