Reversal
Tinplate : Inverted Head & Shoulders : 24% Up Side PotentialBuy Entry 200 - 205
Stop loss 168
Minimum Price Target 248
Risk to Reward 1 : 1.50
24% Up Side potential.
The Recent move is supported by Higher Volumes. (Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.)
Buy Jet Airways at CMP 290 with a stop of 254 and Target of 370NSE:JETAIRWAYS has been in downtrend every Jan 2018 and from the highs of 870 the price has crashed to around 260 levels. Recent news of delaying the result had an impact on the price and investors initially weren't that keen on buying the stock.
Looking at the recent trend and especially looking volume structure there is clear signs of the stock being accumulated, I've used Price Voulme Trend (PVT) which is given a clear indication of price action and accumulation in the stock.
The stock has closed above the downtrend line and now the stock it's trying to retest this trend line. I feel the trend has reversed and we can look bor -2.73% buying opportunity NSE:JETAIRWAYS
Close above 303 will also confirm a double bottom reversal, which will also confirm a minimum 50 points jump from 303. So considering all these pointers go Long.
"Know what you own, and know why you own it." - Peter Lynch
Victor Sperandeo 2B Reversal Price formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. We can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
What a Reversal :-)Perfect Long from 4th July 2018 (1. No Retracement)
Perfect Reversal (Last Retracement) seen at 10:30 am today. (2. Single Level Retracement)
Perfect Normal Sequence of color fading seen @ this last Retracment (3. Multiple Level Retracement)
See how good it looks in 5 min time frame.
Thankyou "Retracement and Reversal" for not predicting the outcome of meeting today.
Problem with RSI1. No Entry - Exit Pair
As clearly seen, RSI shows 3 OverSold or Long Entry Regions but do not show even 1 OverBought - Long Exit Regions.
Price falls after each Long Entry Regions 1 and 2. False Buy Regions.
Most of the traders have no clue on when to sell, if they buy at Entry Regions.
2. Remains in OverSold or Long Entry Regions for so long and Price is falling continuously.
As seen, entered into OverSold region @ Low of 2835 and finally came out of the region @ Low of 2808
Again, Most of the traders have no clue on when to sell, if they buy at this entry regions.
Either most of the traders will loose on profits, if at all they make or will make losses, as price is seen to be falling and no clear indication of Exit.
----------------------
Retracement and Reversal indicator
1. shows Red @ 2900 levels, RSI was not in OverBought Region.
2. does not show Green at Entry Point 1 and maintains Red. No false Buy Signals.
3. shows that this Entry Point 1 and Entry Point 2 are infact Retracements in a down trend as shown by "2. Single Level Retracement" - Gray regions.
For more about Retracement and Reversal Indicator check out details at
"Retracement and Reversal" indicator never predicts.
Granules India retracing or preparing for a reversalOnly known to future*, if this Retracement continues further its way down and gets converted to Reversal - Down Trend.
Ideally Retracements are "No New Trade Zone".
Traders who entered a LONG Position at 79 Levels would have exited at 89 Levels yesterday morning as suggested by 4th Grade Green.
*Retracement and Reversal never Predicts.
Tata Motor Retracing Up in a Down TrendOnly known to future*, if this Retracement continues further its way up and gets converted to Reversal - Up Trend.
Already showing Pink in "3. Multiple Level Retracement" from 7th June.
Ideally Retracements are "No Trade Zone".
High Risk Traders take at least some LONG positions on Pink to gain maximum from bottom. Already Green in 2H timeframe at 290 Levels.
Retracement and Reversal never Predicts.
Bajaj Fin Serv - Retracement and Reversal1. No Retracement: Buy on Green. Sell on Red.
2. Single Level Retracement: Buy on Green. Sell on Red.
are Retracement of an UpTrend and are Retracement of a DownTrend.
is Reversal from DownTrend to UpTrend and is Reversal from UpTrend to DownTrend.
3. Multiple Level Retracement: Buy on Green. Sell on Red.
For High risk Traders:
In an UpTrend Light Green is an Early Sell.
In a DownTrend Light Green is an Early Buy.
Retracement and Reversal Visual Indicator "Never Predicts". It indicates the following:
1. "Is Rising" (Greens)
2. "Is Falling" (Reds)
3. "Is Retracing in an UpTrend or DownTrend" (Grays)
4. "Is Reversing after a UpTrend or DownTrend" (Green-Gray-Red or Red-Gray-Green)
See more details at
Broadening Wedge/ Morning Star Good RR TradeMorning star candlestick reversal pattern at the lower line of Broadening wedge is giving earlier sign of reversal of this down trending stock. RSI also coming back from the extreme oversold zone telling the buy, moreover the trade is available at small risk of one bar stop loss so one try his luck as under
Entry 276
SL 262
Target 311
RR Ratio 2.50
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Bottom Fishing : Risking small amount in direction of market. Price has already made 3 down drives, now coming out of RSI oversold zone, Engulfing bar at double bottom zone today. It may not be a high probable trade but still worth risking small amount. One can expect at least thrice the reward of risk being taken. Stop Loss some ticks below the recent low on closing basis.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.