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Rangetrading

Wipro | Approaching Range bottom Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:WIPRO
by AkhilSuryaFS
YES BANK STRATEGY for December seriesYES BANK CMP 173 The stock may face resistance around 200 odd levels and could find some support around 160 levels. Given the setup one may consider the following strategy Sell YES BANK 190 CALL OPTION - cmp 8.5 & YES BAK 150 PUT OPTION -cmp 9 The strategy provides a max profit potential of Rs 30625 on margin requirement of Rs 173000 (depending on your broker) Giving a yield potential of 17.7% till 27 December 2018 expiry Max profit if stock closes anywhere in between 150 and 190 on 27 Dec 2018 Loss only if stock closes above 207.5 or goes below 132.5 on expiry day. Take care and safe trading...!!!
NSE:YESBANK
by indiamarketoutlook
Investment idea in PFC on NSE (INDIA)This is weekly chart of PFC on NSE (INDIA) trading at CMP of 93.65. It looks an excellent investment idea based on price behaviour as illustrated below: 1. Price is trading in range (70 - 160) since Feb 2014. Upper and lower range have been drawn on the chart indicating various supports and resistances using arrows. 2. Activity in the scrip can be witnessed observing volume bars of last 4 weeks. 3. Price has reversed after indicating bullish divergence (marked on RSI ) after testing lower range. RSI (59.2) shows strong momentum. Hence, it is likely to target 160 (upper range) and hence it becomes a good investment choice at CMP of 93.65 (70 % ) Happy investing...
NSE:PFCLong
by DEVERAMA
views on AMBUJACEM on NSE (INDIA)This is weekly chart of Ambujacem (spot). Following observations indicate that it might soon give an opportunity to go long in this scrip: 1. It has been trading in a range 185 to 280 since May 2014. It has made a low of 188.50 in the last week and finally closed at 190.45. This implies that it is trading at lower range near support which has been respected many a times in past. 2. As mentioned in the preceding point, range indicating support and resistance have been drawn on the chart. 3. Bullish divergence as marked on RSI in the chart can be seen signifying loss in momentum towards downside. In view of above observation, it can be a good forthcoming long side trade with favourable risk-reward ratio if it shows reversal bullish candle on chart in near future. Happy trading !!! Kindly share views for cross learning
NSE:AMBUJACEMLong
by DEVERAMA
Nifty: In A Range. Will It Break?Hi I think market is at a crucial juncture so there is need to do some analysis. Market has been in a very choppy range for the last week or so. The minor trends in this range were down as market has been making lower highs and lower lows. What if this downtrend continuous? Market has tested an important 50 % retracement level of 10856 on Friday. If market breaks this level decisively, I ll be looking for 10643-10700 zone as my target for next week. What are the chances of a bounce back? Markets are oversold on higher timeframes. It has touched an important 50% retracement level also. So probability for a bounce back can't be neglected. But when will we take the long trade in case of bounceback? Let the market first break lower lows-- lower highs structure. For that it ll have to show strength beyond 11035 level. There could be a breakout long entry or the pullback entry depending on ones' trading style. What targets to expect on upside? First 11136-11200 zone and then 11285-11306 zone. I hope this analysis will help some traders in making better decisions for next week. Regards
NSE:NIFTYEducation
by Bravetotrade
How to Trade A Range and Potential BreakoutHello Traders, All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a price action is patience and a better strategy. When I say better strategy that means the one which keeps you ahead of the others. In this backdrop, I have tried to spot better entry points in case the price action builds a range after a nice up move and we are visualizing a potential breakout. Entry at these spots doesn't guarantee sure win but minimize our risk and increase the chances of reward. After an entry, stops can be placed below the range or below the prior swing low -- whichever suits the situation. Same strategy can be applied, in opposite direction, in case the overall trend is down and we visualize a potential breakdown after a range. Notes on the chart. Hit like for better educational publications in future. Comments are welcomed. Trade safe. Best Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
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