Get started

Search in ideas for "EMA"

Nifty at 240 day EMA and trading strategyNifty - RBI Policy Meet on 28Sept- 30 Sept 2022 - Result season is about to begin and Nifty is near 240 day EMA Important Fibonacci level that may provide Support 61.8% retracement 16293 76.4% retracement 15868 Important Resistance zone 17166-17320 zone 17758-17820 zone Given the set up one may consider to go for a Short Strangle strategy in Nifty for Oct series Sell 15800 Put option and Sell 17800 Call Option The strategy has a profit potential of 10% and gives a protection - for a fall up to 15620 odd levels on the downside - for a rise up to 17980 odd levels in the up side That's a protection of approximately 1200 points on either side from current levels. However do understand that trading in F&O involves risk. Read the disclaimer carefully. Do Like and Share if you find it useful. Take care & safe trading...!!! 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
NSE:NIFTY
by indiamarketoutlook
2
LTI long opportunityNSE:LTI Stock -> LTI TimeFrame -> Weekly Hello all! LTI has been moving in a pole and flag pattern. It fell to its support in May 2022 and showed a strong bounceback in July 2022, thus also breaking the flag. This I believe presents a good opportunity to go long! There are multiple other factors that strengthen my conviction on going long: -The bounceback came off of the golden Fibonacci zone. -The stock took support from its 200-week EMA. -The golden zone coincides with the support zone. Risk-averse traders should wait for a strong closing above the blue line as the stock will start trading above the nearest swing high and also the 50-week EMA. *NOT A CALL* #LTI #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing #ema
LLong
by Traders_Town
Gold bears jostle with key EMAs ahead of FOMC MinutesGold consolidates the previous four-week uptrend by retreating from the 61.8% Fibonacci retracement of the June-July move from Monday itself. However, a convergence of the 100 and 200 EMAs, around $1,775, appears a tough nut to crack for the bears waiting for the Fed Minutes. Also acting as a downside filter is the 38.2% Fibonacci retracement level close to $1,755. In a case where the XAUUSD remains weak past $1,755, the odds of its fall towards the previous resistance line from early June, around $1,705, can’t be ruled out. Meanwhile, gold’s recovery needs to cross the 61.8% Fibonacci retracement at around $1,804 to convince buyers. Even so, a two-week-old upward sloping resistance line, close to $1,823, could test the upside momentum. It’s worth observing that the metal’s sustained run-up beyond $1,823 enables it to aim for the mid-June swing high surrounding $1,858.00. Overall, gold bears appear to keep reins but a clear downside break of $1,775 becomes necessary, not to forget the need for hawkish Minutes.
OANDA:XAUUSD
by MTradingGlobal
MGL long opportunityNSE:MGL Stock -> MGL TimeFrame -> Weekly Hello all! MGL has been swinging within the price band of 700-1200 since October 2016. It came back to its support, consolidated there for a while, and then made a strong bounce back. This I believe makes for a good opportunity to go long! The bounceback had heavy volumes as can be seen in the chart. Also, the stock has closed above its 50-week EMA which is a sign of bullishness. The stop loss here is minimal compared to the Reward which is near 1100-1200 levels. *NOT A CALL* #nifty #mgl #swingtrading #technicalanalysis
NSE:MGLLong
by Traders_Town
Bharti Airtel long opportunityNSE:BHARTIARTL Stock -> Bharti Airtel TimeFrame-> Weekly Hello all! Bharti Airtel has been moving in a channel since September 2019. It has been consolidating since August 2021 and is now back again at its lower trendline, thus making it a good opportunity to go long! There are multiple other factors that strengthen my conviction: - Along with the lower channel trendline, the stock is trading near its strong support zone. -It has support from its 50-week EMA. -The bounceback has come from the golden Fibonacci zone (between 50%-61.8%) The risk to Reward ratio is also decent. *NOT A CALL* #nifty #bhartiairtel #technicalanalysis #swingtrading #fibonacciretracement #ema
NSE:BHARTIARTLLong
by Traders_Town