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Reistance

Power shows Power Power Grid Corp has broken out of its ATH on beautiful volume at an increasing rate with two big green candles and has now pulled back on decreasing volume which shows that there is less selling and more buying in the stock. This is an opportunity to buy into the trend as the stock is in a clear uptrend and looks bullish. This is a riskier trade and hence I would advice a position sizing method that will minimise risk and maximise reward. What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Target: 1:2 Minimum/ Based on Price Stop loss: 241.60 ( Below swing low) ( Updates will be provided) Keep It Simple
NSE:POWERGRIDLong
by Krish_Kohal
NIFTY (SAR & TIME CYCLE ANALYSIS)PLOT EXPLANATION: This study is just an extension of the previous NIFTY OUTLOOK predicting the Nifty downside reversal on 2ND Dec (Pinned to the Chart). Previously we noticed that Nifty follows a 55 Trading sessions Cycle, where it makes important Lows & Highs after every 55 Trading sessions. It has been plotted on the chart for a better understanding. A parallel channel has been plotted to mark the important intermediary support and resistance. The upper part of the channel has been marked as “A” and lowers one as “B”. Line B acts as a support; Nifty has taken support on 27 July 2022, 30 Sept 2022 & 1 Feb 2023. Line “A” acts as a resistance, Nifty has taken Resistance on 6 Oct 2022 and finally break out. Nifty has already given breakout from the 2 months downtrend on 14th Feb 2023. Currently from 16 Feb 2023, Nifty is taking resistance at the same line but it is expected to breakout gradually on the upper side, until the 17750 level is not violated for continuously 3 sessions. And going by the 55 Trading sessions cycle, the upside reversal date remains to be at 21st Feb to 23rd Feb 2023. CONCLUSION: So hypothetically an upside reversal in Nifty may start in-between 21st to 23rd Feb 2023. A good momentum can be seen once Nifty Moves above Line “A”. Once Nifty trades above the Line "A", then I will update with the targets. If Nifty starts trading below 17750 for 2 to 3 trading session, then this study remains negated. Updated image of the previous NIFTY TIME CYCLE Study for a better understanding of ‘55 Trading sessions’ Time Cycle in NIFTY CHART & ANALYSIS ADARSH DEY
NSE:NIFTY
by AdarshDey
Banknifty 1.global sentiment Slightly negative 2. war was not end month end expiry (Chart shows a lower lows) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33426.. if we can see the price action for buying side and exit at the target price 34339 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down wait For close the 5 min or 15 min candle the crossed 33180 buy and wait for the target Weekly high and low should be mark Total Oi base call side 12,97,719 compare to put side 10,72,171 OI **(monday So call atm to 500 points itm contracts 91,641 oi Put atm to 500 points itm contracts 1,01,626 oi put options purchased itm 34000 strike price 41,036 oi **(tuesday So call atm to 500 points itm contracts 1,07,860 oi Put atm to 500 points itm contracts 1,27,904 oi call options purchased itm 33500strike price 56,607 oi **(wednesday Total Oi base call side 14,13,972 compare to put side 10,18,705OI So call atm to 500 points itm contracts 1,01,806 oi Put atm to 500 points itm contracts 1,26,044 oi options added atm 33300strike price 45,500 Note . this just prediction. market can happen anything
NSE:BANKNIFTY
by tarunkumar1996
What went wrong with Motherson Sumi Systems?Well, to state the obvious, the stock basically corrected itself after giving a massive breakout on June 2nd. And some of us (including me) were expecting this stock to give another magical upswing in a very short period. Also, the correct working trend-line is the yellow fine line on this chart. Will it fall further down? Honestly, this stock has been on a SpaceX Falcon 9 rocket wanting to settle on a different star system for the last couple of months. I would wait and see how it performs tomorrow before investing. Things to note : Both MACD and RSI (support at 40.9) are leaning on a negative shoulder as of now but the price is at a rather decent support line. It also has 2 very strong resistance levels (given in the chart). So strategize accordingly. Here are a few thing to understand before investing You need to let the stock breathe and settle after a breakout. Do not jump in with guns blazing and expect magic to happen Never freshly buy into a stock that's given a recent breakout. There is a high chance that it will correct itself and you will end up losing your Area of Value instead. Patience helps you hit the nail on the head. Meditate or shut your laptop if your fingers are itching to make a trade. Hear people out and see what they have to say but in the end always do your own research and analysis before buying into a stock ** This is not a recommendation and I cannot be responsible for your losses. Profits, maybe.
M
by sandeepbalachandran
ITC - Bearish Gartley Final leg Pending 205-207 Target Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. --------------------------------------------------------------------------------------------------------------------------- Current Snapshot/ Photo @ 11:59 Hrs / 30th June 2020 – Expected Buying Close from 195 ---------------------------------------------------------------------------------------------------------------------------- TradingView Status Update at 11:55 Hrs / 30th June 2020 ---------------------------------------------------------------------------------------------------------------------------- 11:55 Hrs / 30th June 2020 -ITC Stock Update- Buy ITC If Holds 194.70-195 Zone - (Don't Take The Trade if Goes Below 195) -Upside Target 200 -Above 200 -Look for 205-207. Publishing Video Idea on TradingView ---------------------------------------------------------------------------------------------------------------------------- Trading Strategy -------------------- Plan A ( Short Term Buy ) Buying Close From 195 for Target 1 - 200 / Above 200 Level- Target 2 – 205-207 Which will complete final leg in the Bearish Gartley upside Plan B (Short Term Strategy- Sell Later) Getting Resistance in 205-207 Zone once Plan A is targets achieved- Traders can plan for Sell later – Downside Targets Target 1- 200 Target 2-195 Target 3- 190 & More on downside later to be reviewed next. ------------------------------------------------------------------------------------------------------------------ Thanks for watching the video & Your precious time
NSE:ITCLong
by WaveTalks
16
ITC -Sell In The Channel below 185-186 zone for 167 Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ---------------------------------------------------------------------------------------------------------------------------- Trading Strategy Our Bias still remains a downside close to 190. Last update -It was mentioned -sell strictly below 176-177 - crossing 176-177 - stock pushed upside Plan A - Safe Traders They sell if stock slips below 185-186 zone for 165-167 target zone - book partial profits if you can't hold the market turbulence or you feel like booking profits Plan B- Risky Traders They buy if the stock holds & moves above 190 strictly for 194/196 zone upside where you need to careful as profit bookings can come & stock may start falling later ------------------------------------------------------------------------------------------------------------------------- Note "Nifty / Auropharma updates have been put in last nifty idea - The Final Touch- Can we get 8700" If read behind the lines & ask a question to yourself - why I picked the title - "The Final Touch" which was the continuation of sell from the highs of 9850 -previous ideas of Nifty- Wonder Waves Part 1/2/3 ideas & later selling channel tops at 9850"- you will get the answer for the recent rally which Index had from 9200 to 9500+ --------------------------------------------------------------------------------------------------------------------------- Thanks & Have a nice weekend!
NSE:ITCShort
by WaveTalks
29
Price behaviour at certain level in nifty See the price behave in big regression trend, it is for long investors how they catch sight of it. There are always two scenario in the stock as we always see, The first thing is that the three regression trend i have plotted inside the big regression trend, the two regression are in "UP" direction trend and the last one is in "down" direction. So can be possible that it will break the small support and move down Second scenario is that the price is more at its resistance since many days, it could be possible to go for resistance again. Everything is based on what has already occur in the history.
NSE:NIFTY
by ElizaWilson