Buy The Beast!Seems to be Very Bullish from current levels.
A great investment stock.
L&T Finance Holding
Short Term Tgt: 170/200
Long Term Tgts: 230/280/300/350
SL: should be around 88
Returnoninvestment
#hindcopper trade idea kindly see the levels on the chart
it has potential to give good return
trade on your own risk
📊BANKNIFTY IDEA - 28-12-2022 NSE:BANKNIFTY
Banknifty key levels are marked on chart.
Intraday resistance - 43000 if breaks then bullish move is expected.
If it doesn't break and if drift below 42850 then a fall towards the major Support 42000 Is expected.
The price has reversed instantly with high momentum from major trendline support.
Use position sizing according to your stoploss level.
Like this idea if you find it useful and please share with your friends.
Keep learning,
Happy trading.
Thankyou.
A Comprehensive Guide to Descending Triangle.NSE:AMBUJACEM
A reliable bearish trend continuation pattern is known as Descending Triangle.
This post will cover these questions:
1. What is Descending pattern?
2. How to identify Descending Triangle?
3. Pre-requisite of pattern formation.
4. Trading Tactics.
1.What is Descending pattern?
#The descending triangle is a bearish formation that usually forms a continuation pattern during a downtrend.
#Descending triangles also sometimes function as reversal patterns at the end of an up trend, but typically they
are continuation patterns.
#Descending triangles are bearish in nature.
The descending triangle pattern here indicates that the buyers are not as aggressive as the sellers, so the price continues to generate lower highs. This shows that the demand for related security is falling.
2. How to identify Descending Triangle?
(a.) Drawing trendlines.
The bottom horizontal line (support line) is formed by two or more almost equal price lows, while the descending
trend line (resistance line) is formed by two or more declining highs.
(b.) what are Base and apex?
-The base is the vertical line drawn from the flat support trendline to the starting point (Resistance line) of the descending trend.
-The point at which both converging lines meet is called the apex point.
-The breakout should happen around 2/3 size of the whole pattern.
3. Pre-requisite of pattern formation.
(a.) Existence of prior trend.
It is very important to identify the previous trend, an established prior trend should
exist cause it's a continuation pattern. look for the pattern in a downtrend with a forecast of breakdown
from the horizontal line.
(b.)Volume pattern
While the pattern is forming the volume diminishes.
volume declines as the pattern develop and the price swings back and forth between an increasingly narrow range of
lower highs and similar lows.
However, there is a noticeable expansion in volume when the downside break occurs.
(c.) Retracement Moves.
The chances of a retracement move are very less in this pattern.
After the breakout the price can move again towards the breakdown zone to test the validity of the breakout,
on breakout the support is broken and when the price retraces the support becomes resistance and the price start moving
in the breakout direction.
4. Trading Tactics.
The entry will be below the support level and use protective stop loss above important resistance level,
or it can be above 50% of pattern range.
Minimum Take profit is the projected Base Line.
Use position sizing according to your stoploss level.
Like this idea if you find it useful and please share with your friends.
Keep learning,
Happy trading.
Thankyou.
RAYMOND LTD : PRICE CONSOLIDATION NSE:RAYMOND
Raymond Ltd price consolidation with volume shrink.
The major trend is bullish, the new bull leg is started after a strong breakout with high volume and the price has formed a triangle pattern on 30 min TF, If it breaks the 1515 level then it might show good momentum up to 1550 in intraday, and for positional it should close above 1550 in daily candle for further up-move.
Use position sizing according to your stoploss level.
like this idea if you find it useful and please share with your friends.
keep learning,
happy trading.
Thankyou.
GUJRAT GAS LTD - TRIANGLENSE:GUJGASLTD
Gujgas has been consolidating in a tight range on a daily timeframe and formed a triangle.
it has a resistance of 528 if it breaks and closes above it on day TF then will enter above 530.
Cmp - 516
my stop - 497
take profit marked on the chart and that's a good resistance too if it breaks then it can trigger a further move up.
Always trade with stop loss to avoid big drawdowns.
keep learning,
happy trading.
NIFTY & BANKNIFTY ANALYSIS FOR {28-10-2022}NSE:NIFTY
NSE:BANKNIFTY
Nifty is facing resistance at 17780 -17800 if it break than it can touch channel resistance line
or it can move in a range 17800 to 17650
Banknifty chart
Banknifty has a strong resistance and if not break a big range for some trading sessions
hope you like this analysis please like and comment
keep learning,
happy trading.
thankyou
Long Call in Auro LabAuro Lab is currently at attractive levels. The stock shows good promise to to touch short term target of 125 and for long term traders it can touch 160. In order to not loose profits, I have marked the exit strategy for short term traders and for those who would like to exit stocks at key intervals.
