Retest
CENTRALBK - Available at Retest with good potentialCentral Bank Daily Chart -
The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
IOC: Retest of breakout done. Target 84-85 IOC
Chart setup
- Level of 73 acted as resistance between July 2022-Sept 2022
- breakout was observed in late November 2022
After a month the stock has again come back to retest 73 odd levels
If the level is with held the stock can look to propel towards 84-85 odd levels and sequentially towards 90 odd levels
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My strategy
Consider buying Jan expiry 75 Call option between 1.6-2.1
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Understanding reward potential and Risk profile
Any upside above 77 is the profit
On the downside max downside at cmp is of 1.9 points per lot
Take care & safe trading...!!!
Do let me know if you find the analysis and insights helpful.
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ADF Foods Limited ADFFOODS:- move upside by giving breakout from the trendline and retesting, Watch the stock...
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.
Breakout retest or fibo 0.618 support Eicher motors very good setup
in an uptrend retest ATH breakout level
and fibo 0.618 level
one can look for buy opportunity
sl as mentioned or as per your system
i am not a sebi register adviser
its my own analysis
pls make sure you do your analysis dont jump on the trade
AB CAPITAL - RETEST OF CUP & HANDLE @ NecklineDownward Wedge Formation & Volalitility contracting - stop loss can be placed @ 120 levels.
Breakout happened at high volumes and retest is happening at low volumes which gives us comfort in this trade.No major
selling happened in the GREEN candles.
On a hourly time frame price is still bearish, buy only above 127.
CIPLA LTDCipla:- Keep an eye on the stock, it may go back up after retesting.
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.
LTI - Swing Trade + Investment - Low Risk Setup - RetestThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Edelweiss Swing Trade (1:2)There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume pullback suggests a good retest and if you are having a low risk appetite then prefer going in after it shows a sign of reversal like a hammer to make sure it respects the support zone around 65 and if it somehow goes below. I have kept a logical stop loss below 59-60 where lies another resistance turned support! Below it the structure fails and an exit should be made. Position size according to risk appetite and use strict exit rules, I would prefer a close below 58 to trigger my SL as a wick is frustrating but at that time will update here in comments if the price approaches that zone.
If we talk about targets we have the next resistance 20% from here I.E. at 77. so we get 1:2 if it hits our target.
To add more conviction I have added the volume POC that suggests the highest traded zone and it lies around the second support zone of 60.5. Another strategy can also be used to scale is by adding half @ CMP & half @ 60.5
THIS IS NOT A FINANCIAL ADVISE & KINDLY DO YOUR OWN ANALYSIS/RESEARCH..
Thanks for reading!