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Resistance_level

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 Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day. Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize from the chart where a trade with defined risk can be taken. keep following for live market updates.
NSE:NIFTY1!
by SABMR
POLYGON MATICUSDT : IS IT RIGHT TIME TO BUY OR NOT ? VOLUME : The transaction volume on Polygon’s reached 14,780. The decline in activity on the Polygon protocol could impact MATIC as well. At press time, however, Polygon’s usage and MATIC’s price were not directly co-related. RESISTANCE LEVEL : The resistance level of $1.056 on 26 April, MATIC’s price fell by 19.43%. MATIC was trading at $0.851. Its RSI had declined significantly in the past few days, suggesting that momentum was with MATIC sellers at the moment.
MLong
by tradewith_ritik
Schaeffler India Ltd- Resistance BreakoutKey Points: - On daily chart strong Bullish breakout momentum seen after down trend with potential of 12.50% rise from closing price of Rs. 2943 - Resistance breakout @ 2873 - RSI > 70 - Tech showing buy signals - Price is above 20,50,200 EMA - Volume is above VMA Bhav is “ Bhagwan ” Disclaimer : I am not a SEBI registered Analyst. Please do your own Analysis before taking any trade/investment. The above view is just for educational purpose only
NSE:SCHAEFFLERLong
by Alpha9982
Symphony – Seasonal Bullish BreakoutKey Points: - On weekly chart - after a yearly consolidation zone Bullish breakout seen with potential of 30% rise from current price - Resistance breakout @ 1069 - RSI near to cross 70 - Tech showing buy signals - Price is above 20,50,200 EMA - Volume above average on daily chart - Super trend is positive Bhav is “ Bhagwan ” Disclaimer : I am not a SEBI registered Analyst. Please do your own Analysis before taking any trade/investment. The above view is just for educational purpose only.
NSE:SYMPHONYLong
by Alpha9982
1
Swan Energy LimitedSWANENERGY:- The stock is trading in a narrow range from last 13 days, may go upside if it gives a breakout, till then keep an eye on it Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:SWANCORPLong
by AjayDhakad_Keep_it_simple