Nifty Market Prediction for 8 August MondayIf you observe the market on 1h Time it's is in good range and if it gives breakout to that level, we can expect a good momentum either side.
And also you can take entry based on 5 minutes TF for intraday.
Before taking trade make a view, that will help in the trading.
Rectangle
VEDL Weekly analysis This is just a view of Vedanta. Now stock is at important trend line, next important supply zone also mentioned in the chart. This is just for education purpose, you can check how stock was behaved once it broken its important resistance previously.
Do your own analysis before taking any trade.
NSE:VEDL
Looking Good for short termtried with multiple time frames and its looking fine as of now could initiate entry at CMP but I would suggest a safer place to enter above 1488 in that case risk reward changes accordingly, so please check that with your own.
Apart from this its ready when it gives close above/below box for around 10%.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
[POSITIONAL] METROPOLIS LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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LT Infotech Cmp 4450 dated 20-7-2022LT Infotech Cmp 4450 dated 20-7-2022
1. Rectangle Pattern BO @ 4450.
Buy for a tgt of 4580-4750-4840-5090 SL 4300
It is just a view, pls trade at your own risk.
Keep an eye on Reliance In 15 Min Chart ,Watch Out for possible breakout or breakdown in Reliance.
Reliance is in very important zone, wait for proper breakout or breakdown with proper candle & Volume.
At present it is better to trade with Future and option than cash segment.
With Proper hedging and risk reward, we can enter in reliance.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
NSE:RELIANCE
HIGH PROBABILITY TRADE SET-UP IN HIMADRI SPECIALITYStock is trading in a zone near the all-time high price, which will most probably be going to act as a supply zone. Also stock has rallied almost 55-60% in one month and we can expect a price correction of 25%. In addition, these RSI values have given a clear divergence. So I'm expecting a fall in price in the coming days. Enter trade if the price closes below 81 with an SL at 86.5 and targets are mentioned on the chart. This is just my observation. Do your own analysis before making any financial decision.
NSE:HSCL
ETH Range Bound Mean Reverting TradeETH Has been trading a range of 1000-1250 and looks to continue that until a major event/stimulus.
Currently at the upper end of the channel, a short side trade can be initiated with the target of 1000/
View invalid if ETH breaks upper edge of channel towards 1300.
How to play potential level breakout (From my latest trade)Steps
1) Identify potential breakout zones , crucial supports , resistances ,trend line , Patters like (triangle , rectangle , consolidation )
TATA POWER
other examples
UJJIVAN
ADANIENT
BTCUSD
BANKNIFTY
2) Wait for breakout "do not enter just seeing the breakout " ,watch carefully the volumes , then wait for a price to retest the level.
Many times when the prices make a crucial level , big players tend to exhaust this opportunity and fools us by fake breakout you can see my UJJIVAN idea in the links below.
3) when in price retest and start moving up then enter above just high of recent up swing and keep sl at the low of latest down swing.
This three steps are most effective approach for playing out the breakouts.
GO LONG ON BSENSE:BSE
The stock has recently get demand from support zone.
now the stock has formed consolidation and formed a box if it breaks the stock will give up move .
A target of 660 in short term which is of 10%.and we should trail our stop loss till 720 which is quiet difficult but possible for bse
This is educational purpose.
GO LONG ON AEGIS LOGISTICSNSE:AEGISCHEM
The stock has formed a box of several days since September till now so if it breaks there will be a great upside move.
The is at its daily support which is from 2020 .
There is short term target which is resistances of the box 245 .
If it breaks then it is Swing trade which can be give more than 20 % returns of Rs 300 .
This is educational purpose.