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Double Confirmation Trade on Nifty50There were 2 strong indications to go short on Nifty: 1. M pattern (Double top) forming around 15,230. 2. TrendLine break and last kiss was also seen. The target logically was the last region of consolidation where I expected Nifty to find support, which was around 15,100. The market has been range bound since the post budget rally and is finding it difficult to break significant levels to move higher. This means that trading the boundaries is more logical and will yield more profits. The market bounced back very sharply from 15,000 and moved to the other extreme of 15,200.
NSE:NIFTYShort
by ArcherDAVIS
3
HDFC bank | Trendline Breakdown 🎯⭕ Swing Trading opportunity ! 4hr Chart Alert !!!⭕ --short below =1429 or CMP --Target = 1397 | 1358 --Stop-loss = 1465 --R:R =1.49 --Expected Profit = (5% ) --Expected Holding = 15 days only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕ 1) hdfc bank has given the breakdown of trendline & support & 50ems as well 2) doji candlestick pattern & big bearish candle running 3) volumes is also decent 4) rsi divergence strategy applied Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:HDFCBANKShort
by ReviveTraders
9
BAJAJFINANCE :AnalysisThe stock has given breakout from its monthly as well as weekly support levels. A possible retracement is underway, if this support level was held firm by this stock then there will be continuity in the uptrend. . The safest entry levels are above 5400.00 Levels and SL must be below the immediate swing low. . Wating current market sentiment Risky Trades can enter at 5100.00 levels if found sustaining the support levels. Recommended Sl must be near 4950.00 to 4900.00 . Calculate ur RR ratio and then trade. PS: I am expecting a halt at support levels for a bit them momentum might continue.
NSE:BAJFINANCE
by Umang_Sharma
Britannia trade analysis & opportunities Price after a big up trend breaking 2 years resistance now trading in range market / consolidation. If breaks 4000 then once again a big uptrend is possible. But one can trade this script when the price touches the channel bottom. Recently price touched 3600 range and went up to the channel 3900, in this trade one would have made 300 points with simple price action. 2 chances to initiate a trade. Either wait for 4000 cross or buy on channel bottom considering it as support level.
NSE:BRITANNIAEducation
by Tradersasi23
NIFTY TRADE STEUP -SGX NIFTY IS SHOWING A NEGATIVE START OF AROUND 80 POINTS -NOW 10200 BECOMES A CRUCIAL SUPPORT -INDEX HAS STARTED TO TRADE IN A RANGE OF 10210-10350 RANGE -RANGE WAS BROKEN IN INTRADAY ON THE UPSIDE -VISIBLE IN A 30-MIN CHART -"BUY ON DIPS" MARKET FOR ME WILL BE COLLECTIING LONGS IN MY JULY OPTIONS -"MY STOPLOSS IS BELOW "10030" -INDEX CAN GO SIDE WAYS OR BREAK THE RANGEBOUND MOVEMENT AND MOVE HIGHER -TODAY WE HAVE A POSSIBILITY TO TEST THE LOWER BOUND OF THE TRADING RANGE -A BREAK ABOVE 10388 WILL ALLOW US TO SEE 10440-10514 -PLEASE NOTE THAT THE TOP 10 WEIGHTED STOCKS IN NIFTY ARE SETTING UP ON THE LONG SIDE -I FIRMLY BELIEVE THAT AFTER THE MORNING SLIDE WE WOULD SEE SOME STABLALIZATION IN THE MARKET NIFTY RESISTANCE FOR THE DAY 10275-10350-10390 NIFTY SUPPORT FOR THE DAY 10225-10160-10070 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!! YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES
NSE:NIFTY
by manavtechresearch