NSE:ADANIGREEN It was consolidating from 65 days. A nice swing can be initiated from these levels and tgt ATH.. It might form new all time high as nifty next 50 index is going great.
HINDPETRO | Getting ready for another 40-45% move
CMP : 345 (Dip : 330)
SL : 290
Target : 445, 490
Almost 1:4 risk reward setup for 1st target.
Take a look at our previous trades in HINDPETRO (Link attached in related idea's)
Stock has narrowing down candle by candle.
There is price as well as volume contraction.
This price movement precedes a big move.
Stock is consolidating since 2009. Stock is on the verge of multiyear breakout. Stock is being accumulated as evident by volumes. check image below
Simple wedge pattern on daily time...
If you look at chart at around 623-618 zone, we saw price rejection/resistance from this level. today in 1D timeframe the candle has given strong closing above the resistance zone with unusual volume which sounds good for this trade And same zone 623-618 will act as a support zone. Can make fresh position at CMP OR if you see any pullback/retest/backtest from...
Simple 1.5 year old consolidation.
Now stock has formed smaller range below the upper end of the range.
Increased volume activity since few weeks.
Longer the consolidation more powerful is the breakout.
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
JUSTDIAL is stuck in a very narrow range, between 983 and 945. Generally when price moves out of the range, on which ever side it does, it travels further in that direction for about the width of the range. One can go long or short keeping the following levels in mind:
LONG ABOVE: 983
STOP LOSS: 945
SHORT BELOW: 945
STOP LOSS: 983
CIPLA had formed what seems like a head and shoulders pattern, from which it broke down from on 27-07-21. After breaking down from the pattern and range it fell from around 945 level to the 875 level. Since then it has pulled back quite neatly to the bottom of the range and has then created a huge continuation bar to the downside with above average bearish...
Interesting thing is stock is entering into expansion mode. Look at the size of candles in black box & compare it with the previous sizes of candles.
Size is getting bigger & bigger.
Volume activity also favorable
Expecting a breakout soon.
SL at 190-195.
buy above 782 in Intraday.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
Use this dip to add longs.
Simple Range break. New swing high expected soon.
Ready for range break on daily.
Smaller candles: Contraction Phase. ( Sideways move )
Big Candles : Expansion phase. ( Trendy move )
Expect a breakout soon.
Looking at risk, Breakout trade can be attempted.
Simple swing high swing low method...