Retest
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!
Britannia quick PROFITBritannia gives a chance for a long trade after breaking out of its consolidation zone and has now made a pullback to the resistance of that same zone while giving a rejection of the 50ema giving us all the confluence we need
Favourable risk to reward with a quick profit
Stop loss below 50ema
Keep It Simple
ROSSELLIND - Ascending Triangle Breakout and RetestNSE:ROSSELLIND
ROSSELLIND broke out of an ascending triangle with a strong volume. Retesting the breakout zone with a complete dried up volume. It's a low risk entry opportunity.
Can show a further upside if the broader market conditions remain favourable.
BULLISH on IRCTCNSE:IRCTC
The price, after the breakout from the channel pattern is regularly testing the Trendline and taking a support from it. Now the price is again testing the trendline, and also testing the confluence of the major moving averages. This is the reason I am very confident on this trade. This is a positional trade for upto 3 months. This Target levels are 758 and stoploss levels are 661.
Disclaimer :- This is my own view and analysis. This is for educational purposes. This is not a recommendation , call or a tip.
BULLISH on BDLNSE:BDL
The prices, after giving a breakout from the Ascending Triangle Pattern has retested the support area. I think that it is the good time to enter the stock. The prices are above the important moving averages. The MACD and RSI is also Bullish. This view is for upto 6 months. The Target levels are 1070 and the stoploss levels are 864.50 levels.
Disclaimer :- This is my own views and analysis. This is for educational purposes. This is not a tip, call or a recommendation.