Intraday Trade: watch for range breakoutbuy 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
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Rectangle
watch for range breakout buy above 29515 for swing/ Intraday
for swing trade keep stoploss 28500
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
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
ENIL - Investment - Rectangle, Trendline ObservationsA Rectangle/Darvas Box breakout happened at 185 on Weekly Chart of ENIL. BUY CMP/227.10 -> 270, 283, 330, 350, 385, 410, 435-40 Support/SL 184, 169, 140, 120. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Alembic in a good support zone🍂Alembic Ltd
cmp 121
sl 117
expecting trend reveral
first trgt 140-200++
Why was it selected❓
🔹Company is almost debt free.
🔹Company is expected to give good quarter
🔹Technically looks good.
🔹The stock was in a good support zone & expecting reversal.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
Alembic is dealing in Active Pharmaceutical Ingredient (API) Business and Real Estate Business.
Thank You.💚
Like🔹Comment🔹Suppor
Gallant Ispat all time high breakout (Steel sector)Metals are on the rise again. Don't miss this stock breaking out of its previous highs. Today, the scrip moved +20%, hitting upper circuit. A huge gap up is likely tomorrow.
LTI : SWING TradeLARSEN & TOURBO INFOTECH
Method:
Rectangle breakout. LTI after consolidating in a rectangle pattern gave a breakout on the upside with huge volume.
Money Management:
Note- False breakouts are possible (traders need to manage risk accordingly)
My personal tip is to risk only 2% of your trading capital. Buy 30% of your position at CMP & if price respect levels of 4500 then execute your remaining 70% position.
The whole idea is to lose less money when you are wrong and to win more money when you are right.
Mindset:
Trading is a game of probabilities, no matter how much analysis you do there is always a 50-50% chance.
Remember that the trade we are taking is just 1 of the next 1000 trades we are going to trade. We should not get so much emotionally attached to it that we end up losing our sleep if it doesn’t go according to the plan.
By minimizing the importance of that one particular trade, we can really trade with ease and would be in a better situation to take sound decisions.
Remember to be profitable you don’t have to be right every time, you just have to be right big and wrong small.
Rectangle Formation Here.To buy this to hold more than 2 weeks you need to wait for the uptrend and cross the rectangular border. If there is a chance looking for a buy tomorrow (29/7/21), then let the candle be green after 3:20pm. Then you can buy.
Summary:
Buy: if candle is green after 3:20pm, go for it at a good price.
Target 1: Just below the top border of rectangle formed.
Target 2: If you would like to hold when the candle reaches top border, trail the stoploss to just below the candle of a day before the hit to top border.
Stoploss: Just below the low border of rectangle.