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Pullbacktrade

BTCUSD Analysis- Shakeout or Pullback🤷‍♂️In the monthly chart, on the left-hand side, it can be observed that 2017 highs acted as a strong resistance. But once this level was taken out, it started acting as a support in 2022. Holding the very basic idea that a resistance once taken out, start acting as a support. You would observe this concept several times on this chart. On the right-hand side, we can see a shift in structure from LL-LH to HL-HH formation near the above-mentioned levels (2017 highs). It was analyzed and explained in the following idea- The resistance area of 25200 was broken out in March2023 and later tested twice in June and September2023. We can see a range creation between 31200 and 25200. The 25200 resistance now acted as a support and the range broke out in October2023. It continued higher with a small area of consolidation in-between November, which finally broke out this month (December). Currently we are facing a pullback from near 44700 to 40132 on this chart. The volume was high during this pullback but there is no follow through. This is indicating that this pullback could be just a shakeout. ⚡I would discuss three scenarios here for different type of traders: -Overtly Bullish -Moderately bullish -Cautiously bullish 🚀Overtly Bullish- This is the most probable scenario at this point and is suitable for short term traders. Market will resume higher after the shakeout. There is a wholesale entry near 40000-40100 zone with stop below this zone. Targets could be 44500/48200 for short term. 🚀Moderately bullish- As per this scenario, we have stretched too far and expecting further pullback. This scenario is suitable for those who have intermediate term perspective. In this case 38000 (previous resistance) may act as support, so a bounce play could be an option from there. The stop would be below 38000 and target 44500 or higher. 🚀Cautiously bullish- This scenario is for those who are looking for longer term opportunities in the market. They would ignore entries near the higher prices and wait for deeper corrections. For them expect a break till 35000/33400 could be best where more buyers would show up in the October2023 breakout zone. Which category do you belong to? Write in the 💬section below. Do boost🚀the idea if you think it was informative. Regards. Disclaimer: The levels discussed are for educational purpose only and not a trading or investment advice.
INDEX:BTCUSDLong
by Bravetotrade
14
"SATINDLT: A Newly Listed Gem Poised for Potential Gains"Description: 🚀 SATINDLT: A Hidden Opportunity Unveiled! 📈 Are you on the lookout for a fresh trading prospect? SATINDLT, newly listed on NSE in November '22, is making waves with its potential. Here's the scoop: Key Points: 📊 Newly Listed Gem: SATINDLT emerged on the NSE scene in November '22, offering a unique opportunity for traders to get in on the ground floor of a promising stock. 📈 Trendline and Horizontal Support: The stock is currently trading on both a trendline support and a horizontal support zone. This dual support structure adds strength to the trade setup. 🔙 Pullback from Support: SATINDLT has recently experienced a pullback from these support levels, potentially setting the stage for a bounce-back rally. 💰 Favorable Risk-Reward: This trade setup offers an enticing risk-to-reward ratio, allowing you to aim for greater gains while carefully managing your risk. 📈 Entry Price (in Rupees): Consider entering the trade at Rs 116.00, positioning yourself for potential upside as the stock regains momentum. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 105.00. This level serves as a safety net should the trade not go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 160.00, representing a significant potential upside. This is where you may consider taking profits. 🚀 Trade Strategy: Keep a close eye on SATINDLT as it navigates this exciting phase. Be prepared to act when the stock gains traction, and remember to adjust your stop loss to secure your gains. This trade idea offers a comprehensive plan, highlighting the unique opportunity presented by a newly listed stock. Dive into SATINDLT as it shows potential for a rewarding journey. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:SATINDLTDLong
by We_Learn_Investing
"SHRIPISTON: Navigating Opportunity with Caution"Description: 📈 SHRIPISTON: A Careful Approach to Potential Gains! 🚀 Discover an opportunity with SHRIPISTON, a stock that requires a cautious strategy due to its unique characteristics. Here's why this trade deserves your attention: Key Points: 📊 Entry Price (in Rupees): Consider entering the trade at Rs 1100, positioning yourself for potential gains as SHRIPISTON unfolds. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 890. This level acts as a crucial safety net in case the trade doesn't go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 1700, representing a significant potential upside. This is where you may contemplate taking profits. 🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, providing the necessary flexibility to capture potential gains. 📈 Risk-Reward Ratio: The risk-to-reward ratio for this trade is approximately 1:2.11. For every unit of risk, there's a potential reward of 2.11 units, resulting in a risk-reward ratio of "1:2.11." 🚀 Trade Strategy: Exercise caution while trading SHRIPISTON. Keep your stop loss intact and trail it periodically to secure gains as the stock progresses. 📉 Low Tradable Volume: Be mindful of SHRIPISTON's low tradable volume, which can result in upper or lower circuit limits being reached unexpectedly. Trade with caution. 📉 Correction from Highs: The stock has experienced a correction from its higher levels, potentially providing an attractive entry point. 📊 Trading on Support Area: SHRIPISTON is currently trading within a supportive area, offering a favorable entry zone. 💰 Favorable Risk to Reward: Despite the unique challenges, this trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while managing risk diligently. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Approach SHRIPISTON with caution, considering its low tradable volume and potential circuit limit fluctuations. Exercise prudent risk management to navigate this opportunity. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:SHRIPISTONLong
by We_Learn_Investing
VOLTAMP: A Second Swing Trading OpportunityDescription: 📈 VOLTAMP: Embracing the Swing Trading Momentum! 🚀 Get ready for another exciting swing trading setup with VOLTAMP! Following our earlier success on May 26th, 2023, we've uncovered another promising opportunity: Key Points: 📊 Correction from Highs: VOLTAMP has corrected from higher levels, creating an ideal entry point for traders seeking to capitalize on the next upswing. 📉 RSI Cooled Down for Optimal Entry: The Relative Strength Index (RSI) has cooled down, signaling an attractive entry window as the stock regains momentum. 📊 Up-Trending Stock: VOLTAMP continues its upward trajectory, showcasing strong market sentiment and potential for further gains. 📈 Volume Confirmation: As the stock price rises, supportive volume activity bolsters the trend, providing additional confirmation of the stock's strength. 📊 Trading on Support Area: VOLTAMP is currently trading within a reliable support area, offering a prime entry zone for traders. 💰 Favorable Risk to Reward: This trade boasts an appealing risk-to-reward ratio, allowing you to aim for higher rewards while prudently managing risk. Taking 50DMA as Support: Stock is trading on 50DMA, which is acting as support. 📈 Entry Price (in Rupees): Enter the trade at Rs 4880.00, positioning yourself for potential gains as VOLTAMP's momentum builds. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 4250.00. This level serves as a safeguard in case the trade does not unfold as anticipated. 🎯 Target Price (in Rupees): Our target is set at Rs 6400.00, reflecting a substantial potential upside. This is where you may contemplate taking profits. 🕒 Trade Duration: Plan to hold this trade for a duration of 45 to 90 days, aligning with your swing trading strategy. 📈 Risk-Reward Ratio: With an entry at Rs 4880.00 and a stop loss at Rs 4250.00, the risk-to-reward ratio for this trade is approximately 1:1.15. For every unit of risk, there's a potential reward of 1.15 units. 🚀 Trade Strategy: Stay vigilant as VOLTAMP continues its upward trend. Monitor the stock closely and adjust your stop loss to secure gains as the trade progresses. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Embrace the swing trading momentum with VOLTAMP for another potentially rewarding journey. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:VOLTAMPLong
by We_Learn_Investing
"XCHANGING: Capitalize on the Uptrend Potential"Description: 📈 XCHANGING: Seize the Uptrend Opportunity! 🚀 Prepare to make the most of a promising uptrending stock - XCHANGING! Here's why this opportunity deserves your attention: Key Points: 📊 Up-Trending Stock: XCHANGING has been consistently riding an uptrend, showcasing strong market sentiment in its favor. 📊 Positive Relative Strength (RS): The stock boasts positive Relative Strength (RS), indicating its ability to outperform the broader market. 📉 Correction from Highs: After reaching higher levels, XCHANGING has experienced a healthy correction, potentially setting the stage for the next leg up. 📊 Trading on Support: XCHANGING is currently trading on a reliable support level, providing a solid foundation for potential price appreciation. 🔙 Bouncing Back from Support Zone: The stock is showing signs of a rebound from the support zone, a bullish indicator. 📉 Cooled-Down RSI in Buying Zone: The Relative Strength Index (RSI) has cooled down and entered the buying zone, signaling an attractive entry point as the stock regains momentum. 📉 25% Correction: XCHANGING has undergone a manageable 25% correction from its higher levels, potentially presenting an excellent entry opportunity. 💰 Accumulate or Trade: It's an opportune time to consider accumulating or trading XCHANGING, offering potential for both short-term and long-term gains. 📈 Hold for the Long Run: If possible, contemplate holding XCHANGING until a major breakdown occurs, capitalizing on its robust uptrend. 💰 Favorable Risk to Reward: This trade boasts an enticing risk-to-reward ratio, allowing you to aim for higher rewards while prudently managing risk. 📈 Entry Price: Consider entering the trade at Rs 97. This entry level strategically positions you for potential gains as XCHANGING continues its uptrend. ❌ Stop Loss: Safeguard your investment with a stop loss at Rs 85.50. This level serves as a protective barrier should the trade not unfold as anticipated. 🎯 Target Price: Our target is set at Rs 130, reflecting a substantial potential upside. This is where you may contemplate taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 97 and a stop loss at Rs 85.50, the risk-to-reward ratio for this trade is approximately 1:1.53. For every unit of risk, there's a potential reward of 1.53 units. 🚀 Trade Strategy: Stay confident as XCHANGING's uptrend continues. Keep a close watch on the stock and adjust your stop loss to secure gains as the journey unfolds. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Seize the opportunity with XCHANGING as it rides the uptrend wave with confidence. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:XCHANGINGLong
by We_Learn_Investing
JAY BHARAT MARUTI Pullback Trade1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop Strength is coming back in $NSE:JAYBARMARU. Buy with a stop at ₹300. Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:JAYBARMARULong
by akashbothra
MEDICO REMEDIES Pullback1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After rising from ₹17 to ₹100 in last one year NSE:MEDICO went down to ₹64, now it's moving up again. Buy with a stop at ₹67.50. Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:MEDICOLong
by akashbothra
Bank Nifty AnalysisIn this idea I would try to discuss a few possible trading scenarios in Bank Nifty. ⚡Bank Nifty build a range of approx. 1000 pts from 43400 to 44500 and then broke out of it sharply. The move from A to B was quite swift and may have more legs on the upside. ⚡The current move from 45650 to 44650 looks like a pullback. It may still try to pullback further and retest the breakout level. 🚀So, if the price pulls up from here to the downtrend channel or 45150, one may look for a selling opportunity on the lower timeframes for targets of 44650 or so. 🚀If price doesn’t pull up so deep and rather drops down to 44500 from here, one may look for buying opportunities in there for continuation up to 45650 🚀The third scenario is that the price breaks up above 45150 from here. In that case, one may look for breakout opportunities for targeting 45650 or higher. Thanks for reading. Do 🚀 boost for more such ideas in future. Regards.
NSE:BANKNIFTY
by Bravetotrade
4
CDSL taking support at previous resistance zone?1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After falling since Sep'22, NSE:CDSL started a slow rise in Apr'23. Currently, it is trying to take support at a previous resistance zone at ₹1025. One can buy if it crosses ₹1057 (aggressive traders) or ₹1094 (conservative traders) with a stop at ₹1020. Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:CDSLLong
by akashbothra
Momentum coming back in AplApollo?1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop AplApollo is coming down since Feb'23 but from last few days interest seems to be coming back in this share. It is a buy with a stop loss around ₹1100. Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:APLAPOLLOLong
by akashbothra
RVNL poised for a breakout?1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price) 4. Sell on initial Stop Loss hit or RSI close below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After rising nearly 275% in the last one year, NSE:RVNL pulled back a little in the last one month. Currently, it is consolidating between ₹125 and ₹110. If a breakout happens it will be a buy with stop loss just below ₹109. Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:RVNLLong
by akashbothra
Creditaccess consolidating in a range, near 870 grt risk rewardCreditaccess consolidating in a range since Apr'22 and whenever this range will break it will just fire up. Now there are 2 options in front of us 1) Wait for retracement to 870-880 zone which will give great risk reward. Just place alert and wait for trigger 2) Wait for open above 1090 and then enter. 3) There is another option, enter near 945 with 33% plan qty and add more near 870-880 zone. If price retraces from 945 zone then can add more above 1090 zone. SL in all cases will be closing below 850 After breakout consolidation is very healthy sign but this stock can take time to give decent returns. Always respect risk, reward will be taken care by Market forces. Enjoy
NSE:CREDITACCLong
by ssudhirsharma11
3
#LT pullback towards 1860 will be grt place to buyWeekly & daily chart of Larsen & Toubro is giving me confidence that this counter can do well if market supports. Any pullback towards 1860/1850 zone will be great place to enter with stop loss of 1811 on closing basis. Weekly & Daily RSI, ADX all are in bullish territory and can take this giant upward towards 1990/ 2078 zones. Last time when it happened(hint check 7th July 2022) this stock gave 20% move, keep eyes open. Always respect risk, reward will follow , happy investing :)
NSE:LTLong
by ssudhirsharma11
1
Nifty50 - Overall Still Bearish - Sell On Rise CandidateNSE:NIFTY is still a sell on rise candidate on DTF & WTF basis. Overall view still bearish as the index is still trading below 20/50/100 EMA Any upside will be just a pullback retracement rally,. Potential bearish pole and flag patten in the making and such pattens do attract 38.2%, 50% and 61.8% levels which are depicted using Fibo levels. A 72.8% retracement is a possible stretch and remote possibility T1 - 15989 T2 - 16180 T3 - 16450 Downside open to 15110 levels again Interestingly on weekly time frame on June 13th, NIFTY formed a falling window candlestick pattern and as of July 1st closing, it has formed Downside Tasuki gap . As per the pattern analysis, bears are still strong as the bulls were not able to close the gap within 3 weeks of trades of falling window candlestick patten being formed. Sure you can see a retracement on the upside but higher level bears will bring in the supply making it a Sell On Rise candidate Disclaimer - - The view expressed here are my personal views. I am publishing this for my own records and what I see on charts. - If you're referring to this, please consider this ONLY FOR educational & research purposes. - Past performance is not a guarantee for future predictions - Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion. - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - Do your own analysis and consult your financial advisor before investing. TIA!
NSE:NIFTYShort
by nerdywasabi
#SCHAEFFLER India, 2515 great place to buySchaeffler India corrected around 32% from the highs of 3953 and now I am waiting it to touch 2515 which is 200 daily EMA support. If you look at the daily chart this stock never touched 200 daily EMA support and it can give good opportunity to people like me to enter with low risk and high reward setup. If I get entry around 2515 then my targets would be 1) 2860 2) 3000(being round number) 3) 3400 with SL of 2140 on daily closing basis. Once second target will be achieved I will offload some qty, bring SL to my cost and keep trailing so that I don't lose any money on the trade. Always respect risk , happy investing :)
NSE:SCHAEFFLERLong
by ssudhirsharma11
Indusind,1137 will be grt place to buyIndusind weekly chart looks promising as of now, pullback towards 1137 will provide good risk reward setup. After spending 45 weeks below this price, Indusind broke out on 5th Sept 2022. So in my humble opinion price should not go below 1137 or 1062 which is 200 weekly support. Any retracement towards this zone will give swing traders great opportunity to earn quick 5-6%. Plan a) place alert for 1137 and enter with only 33% of plan qty and add more once price open above 1235 b) buy 33% qty near 1137 and add more near 1065 Sl in both cases will be closing below 1035. As Bhasin sahab always says " lene ki chesta to kijiye" Always respect risk, happy earning :)
NSE:INDUSINDBKLong
by ssudhirsharma11
#SCHNEIDER ready to give electric shock above 242Weekly chart of Schneider is looking bullish supported by great volumes during last week. I am waiting for some cooling off and pullback towards 169 and 152 to add 33% qty each at both the support levels. If price spends some time near 170-197 zone then we can plan some entry in this zone itself. And if it gives 2 consecutive closing above 200 then 240 is on the card which is 2015 resistance ATH price. Keep eyes open, respect risk, happy investing.
NSE:SCHNEIDERLong
by ssudhirsharma11