APOLLOTYRES Doji at S/R zone1. Doji has a long upper wick than lower wick
2. Formed at SR zone
Can go either way
Search in ideas for "CANDLESTICK"
SHORT NIFTY FUT AS IT REACHED 70 AND ABOVE N HANGING MAN PATTERNNIFTY FORMED a HANGING MAN pattern and reached RSI above 70..
Nifty 'no-confidence' test ?Last week Nifty had a classic doji on weekly chart. It failed to cross previous week's high of 10078 levels.
Banknifty also created Doji candle on weekly chart. (However it crossed previous week's high by few points!)
Trade set up - Short positions can be created with the stop loss of 10080 - 11000 levels.
Fresh longs can only be initiated only above the given levels.
Targets - 10900, 10800.
#ABBOTINDIA box consolidation breakout and breakdownBox type consolidation breakouts/breakdowns happening in #AbbotIndia as described by Nicolas Darvas in his book "How I Made $2 Million in the Stock Market"
www.amazon.in …
Back to Basics - DOJILong if price > 53.4 SL=51.85, Target=56.5
Short if price < 51.85 SL=53.4. Target=48.75
r:R for both 1:2
Bottom fishing Attempt risking small bet. The Stock is in downtrend but showing some strength at current level. It made a bullish meeting line and strong green candle thereafter. RSI is also above 30 after extreme oversold zone. Aggressive trader can use the today's pull back to enter long.
Entry Current level 1329
SL 1298
Target 1415 - 1450
RR Ratio 2.77 - 3.90
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Ultracem - on the way up?Conservative investors could wait for the inside candle to cross 3725. More adventurous investors could straight away go long. I have gone long. The 3 line Break and Renko on the 30 minutes chart are also looking good.
SL below 3630 Immediate Targets around 300+ points from present price to about 40000. Cement is quite volatile so a trailing SL is a sensible plan. Presently the SL below 3630 makes for a pretty good risk/reward ratio.
Apologies for this cluttered chart but I wanted to pack in as much information as possible.
Ambuja Cements - Recovery signals?Am keeping a close watch on AmbujaCem for a long entry
Daily Chart shows a Doji
Two consecutive green Heijken Aishi candles on 1 hr chart
3 Line Break and Renko showing green bricks on 30 min chart
Traded intraday long twice today -between 216.5 & 218.5 for about 3 points per lot (futures) which was a pretty neat profit with high Risk/Reward ratio
AmbujaCem, FedBank, Biocon, JubFood - recovery possibleI'm keeping a close watch on these counters. I think they are headed up.
Already did a quick BTST on Biocon and closed for a small profit.
Being Friday, shall engage with caution. However, I will keep checking for opportunity here.
Inverted 3LR Pattern/RSIIf the risk to reward ratio of 3 suits, one can consider shorting the stock at current level with the SL of recent high for a target of 150.50. Reasons
1. Inverted 3LR pattern
2. RSI coming below from overbought
3. Small risk Trade
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
NIFTY IS GOING TO GIVE CORRECTIONRESISTANCE-10707
SUPPORT-10499
SELL BLW 10497 TGT-10466-10446-10421 SL-10523
CALL ON NIFTYRESISTANCE=10631
SUPPORT=10499
BUY ABOVE 10553 TGT1=10578 TGT2=10603 TGT3=10630 SL=10520
CALL ON BANK NIFTYRESISTANCE=25737
SUPPORT=24970
BUY ABOVE 25430 TGT1=25510 TGT2=25585 TGT3=25690 SL=25320
SELL BELOW 25230 TGT1=25160 TGT2=24990 TGT3=24910 SL=25285
