Retest
DONEAR - Retest + Reversal with a breakout - Swing Trade
The analysis is done on Daily + Weekly TF hence price may take few weeks to few months in order to reach the targets.
Checkout the weekly chart as well here -
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.
PAGEIND - Multi-year Retest Zone - Investment/Swing tradeThose who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently.
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.
#POLYMED #SHORTTERM #SWING #NSEFlag Pattern on Weekly time Frame.
Breakout was witnessed and it was followed up by a retest which is always a good sign.
An Inverted Head and Shoulder Pattern can also be seen with the right shoulder in progress marching towards the neckline.
MACD structure also looks very positive.
Analysis of IDFCHello all i wanted to tell you is on the chart or the thumbnail of this idea so kindly read that to know whats going on and please do like and follow thank you
CUP pattern on SONATA SOFTWARE on Weekly TimeFrameSONATA SOFTWARE -
- Cup Pattern (1 year 3 months) (WEEKLY time frame)
- Breakout on March 1st, 2023 - Level 768.70
- Approaching retest zone of 768.70 - 753.00
- Entry on reversal Price Action
* Monthly RSI above 60
* Weekly RSI above 60
* Daily RSI approaching 60
Chances of bounce/reversal on daily time frame
Targets - 1. 809.50
2. 822.25
3. 824.35
StopLoss - Entry yet to be activated
Wonderla can do wonders for portfolioWonderla had a strong supply zone in 445-455 range. Friday, it can gave a strong closing near 450 and today it gave a gapup opening.
The stock has also retested 445 levels today and looks strong for a bullish move.
Do keep in radar and use this idea just for educational purposes. Kindly trade with your own analysis.
Another stock from amusement park sector is Imagica which is also looking bullish. Reason maybe nearing summer vacations which can improve their revenue for Q4.
The Anup Engineering LimitedANUP:- The stock has given a breakout by forming a head and shoulders pattern and is back for retesting, keep an eye on 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.
HAVELLSHAVELLS:- Ascending triangle pattern has been formed, the stock has given a breakout, but waiting for retesting. If you are planning something, 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.
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.