Swing trade∘ Bank sector moves Improving to Leading ( RRG )
∘ Strong Resistance over here multiple times taking Rejection
Note : Always be extra cautious with breakout trade with confirmation .
Rectangle
Ready to move after good result and great chart setup. BO above all the working zone done. Retesting is also completed. Waiting to move now.
HDFCLIFE TRADING IN A RANGE FROM JAN 2021. CAN IT BREAK ?????HDFCLIFE trading in range price range of 657 to 746 from January 2021. It has completed 7 months of consolidation on daily chart.
The range may break once price touches 200 EMA after 6-8 months of consolidation as per my price behavior analysis.
ITC TRADE SET UPITC the heavy weight and is underperforming and now after taking support n times at 200/205 base zones and now above 208 resistance , it is trying to give signs of upmove greater than equal to 230++
and as results are done , chances are higher that ove shall suatin and stock shall participate in index upmove or atleast support the index going forward
Trade with good breakout concept !jswsteel : 763.25
trade set up :
1. buy above 766
2. keep stop loss as 735 on closing basis
3. targets expected 860+
technical buy set up :
1. rectangle
2. double top breakout
3. volume
note : good bullish structure with stock price
& consolidating before breakout .
with technical there is additional good results (Q on Q)
time frame one month.
VSSL looking good Positionally1. Stock in Continous uptrend.
2. Relative Strength Strong & increasing.
3. Stock crossed All Time High (2017) of 195.15 and was consolidating after multi-year Breakout.
4. Spread chart Breaking out.
5. Accumulative positive volume activity during consolidation.
6. Good Q1 numbers.
7. Stock is up today when most of the Nifty & Mid-cap stocks are in Red.
AVADH SUGAR - RectangleRectangle forming on 2H Chart of AVADH SUGAR . BUY CMP/519.10 -> 531, 547, 565 Support - 490, 485, 475, 466. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
rectangle pattern trade setup !!!hcltech : 1005
trade set up :
1. buy up to 984
2. keeping 959 as stop loss on closing basis
3. target expected : 1045 ( breakout again above this price ) / 1202+
technical set up :
1. rectangle
2. breakout retest
3. volume
4. multiple time frame analysis
5. support and resistance
BankNifty, range 35200-34450I will buy n sell on these levels for the coming few days
Breakout only when closes beyond these levels
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.
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.
VOLTAS - RectangleRectangle forming on 3H Chart of VOLTAS. BUY 1062, SL 1038, 1024, Target(s) - 1077, 1090, 1098, 1105-07, 1118. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Tata Motors02-Aug-2021
Tata Motors is trading near support zone.
Buy 294, SL 280 (Closing Basis), TP 320+ & more
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
What is Next ??∘ Levels for 02 Aug 2021
∘ Hdfcbank moves in Range last 2-3 days marked as No Trading Zone
∘ 50 Ema Support in 15 Min Time Frame
∘ If zone Break always wait for Retest for Priceaction Resistance become Support either Support become Resistance
Tip : Plan your trade , Trade your plan .
DEEPAKNTR- Darvas box, Swing High & Monthly R1 Breakout.
- Spread chart breakout.
- Huge Breakout Volumes.
- Accumulative Volumes during consolidation.
- Good & Strong Relative Strength.
- Positive Quarterly Results QoQ & YoY.
rectangle breakout trade !sunpharma : 694
trade set up :
1. buy above 694
2. keep stop loss as 680 on closing basis
3. targets 710/721/781 +
technical buy based on :
1. rectangle
2. rounding bottom
3. multiple time frame analysis
4. breakout concept
Range boundWe have been in the same range as yesterday (Consolidation Phase)
Expecting a big move (400-500 Pts) once the range is broken - No Bias
Patience is the Key ! Wait for your turn :)
Happy Trading Folks !
DODLA DAIRY - RectangleRectangle forming on Hourly Chart of DODLA DAIRY. BUY 630.10 -> 650, 670. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
