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Rangebound

AMBUJACEM ON 15 MINS CHARTAmbuja cement has been trading in a Rangebound market for a long period of time. Zoom in on higher time frame and we can look that every time when the price of the stock comes near resistance, there’s a good reversal happening. Historical data suggest that same might repeat again only if there’s a good volume. Also to check how much this trend can continue we used Fibonacci extension and we plotted that the 61.8% level and resistance level are around same price level. That means the reversal chances are still high. If stock open flat or with gap down wait for reversals pattern formation for short trades.
NSE:AMBUJACEMShort
by Trademint08
6
#Banknifty Trade Setup For Tuesday (30th March)Banknifty and Nifty is range bound on Friday. . As you know on today (29th March) share market is closed in India on the occasion of Holi. . But global market is open and SGX Nifty give the positive opening so maybe on tomorrow our market can open in a positive not. . Our Target is simple if Banknifty cross 33530, then we will buy CE for the target of 34000. . If Banknifty goes down below 32870 we will buy PE with 32500. . If Banknifty give Gap up or Gap down Opening we will wait for the correction. . You can give your suggestions in comment box.
NSE:BANKNIFTY
by neerajlalwani081
NZDJPY -RANGE BOUNDDescription: The counter NZDJPY is in the parallel channel from 08th March. The price is moving between the price range of 78.06 and 77.14. The flat-top resistance and the support baseline have been tested twice. Identifying the trend of the counter is very difficult when it is in the parallel channel. Swing trading is more preferable for this counter. Stop loss is mandatory while executing swing trading. The levels of the stochastic indicator will be very useful for swing trading. The major levels for this counter are R2 –78.35 R1 –77.99 PP –77.69 S1 –77.33 S2 –77.04
by WohlstandMarketsLimited
BANKNIFTY ANALYSIS 18/2/2021Last week in the market, we were looking a possible breakout or breakdown situation on both Nifty and Bank Nifty. It turns out, it was a breakout towards 15,400 and 37,700. Now it looks there is a possibility of a false breakout as well. If the market fails at one at one end of the range, it generally tests the other extreme side. Here, we also have a head and shoulders pattern. The call writing in today's expiry for BNF 37,000CE was 106K. DIIs have also been net sellers for a while now. For the coming week, it will be interesting to see how the market reacts at this level. If the breakdown occurs below 36,400, there could be some selling pressure to re-test 36,000. If the market does move higher again, there is strong resistance at 37,000. I do not have a bias on the possibilities, because the market is too overstretched with heavy liquidity.
NSE:BANKNIFTY
by ArcherDAVIS
Reliance: Chart set up and trading strategyReliance 1937 - We see the stock in consolidation mode since November 2020 - 2015-2045 is crucial zone for Reliance on the upper side - support near Blue line support zone (Currently near 1860) and 1800 odd levels Given the set up one may consider the following strategy Consider selling Reliance February 25, 2021 expiry 1750 Put Option (around 35) & Sell Reliance 2200 February 25, 2021 expiry 2200 Call Option ( around 35) Net Premium receivable 70 points Max profit potential Rs 17500/- per strategy lot till 25 February expiry giving a yield potential of 18% ROI (on Margin required) Loss in strategy if closes above 2270 or below 1680 on 25 Feb 2021 Review points, In case if, Reliance closes above 2045, or below 1830 for 3 consecutive days. Hit the Like button if you find it useful Follow for more such ideas Look for my previous ideas in Reliance in the Related ideas link below Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:RELIANCE
by indiamarketoutlook
NIFTY | Weekly expiry discussion | Short straddle / Iron FlyNIFTY | Weekly expiry discussion | Short straddle / Iron Fly Quick fall and sharp recovery immediately, expecting some consolidation in this zone like it happened previously. Can create a dynamic range bound statergy for tomorrow's expiry - limited risk. If market moves violantly we can do adjustment trade by going market direction and come out with no loss or with minimum profit. CMP : 13520 Sell 13500 CE @ 82 Sell 13500 PE @ 59 Buy 13700 CE @ 9 Buy 13300 PE @ 15 Max Profit : 8558 Max Loss : 6368 Margin required : 60000/- Just one day trade.
NSE:NIFTYLong
by srikartiram
TATASTEEL | Range Bound | Price ActionTATASTEEL is currently moving in a range, indicated by the trend lines. It is taking good support on the lower trend line. The stock can be traded within the range(Buy at the bottom and sell at the top, short at the top, exit at the bottom). It could give a potential breakout on the upper-side, with the first target around 562 and second more aggressive target around 610. Breakdown on the lower side seems limited, however if the stock breaks the lower trendline, it could give target of 520 and 510.
NSE:TATASTEEL
by Firestorm_11_