NIFTY & BANKNIFTY TRADE PLAN for 02 Aug to 6 Aug The important Support and resistance levels are discussed in this Idea. You can watch out for the price movement at these critical levels and take trade. Always wait for the proper signals before taking entry.
You can add these indicators that I have coded from public library or from my profile. You can send me a message here in trading view if you need any help in configuring these indicators.
Search in ideas for "INDICATORS"
Easy StrategyThis is the Universal strategy for Commodity, Stock,Indices.
Timeframe
15 Minutes
Indicators ( Settings )
RSI+ ( 14, Close, 8. 55,45, 71 or 29, Higher Time Frame 60 Minutes, MA ( RSI) 34.
SOTT ( 34,3,Close,1,0.618 )
Equityhack Hull ATR ( Default )
Chart
Baseline or Heikinashi
How to use ?
Buy
SOTT Buy Signal
RSI is trading above Higher time frame input and MA (RSI)
Equityhack Hull ATR is showing Buy Signal
Target
RSI 61-71-81
Sell
SOTT Sell Signal
RSI is trading below Higher time frame input and MA (RSI)
Equityhack Hull ATR is showing Sell Signal
Target
RSI 39-29-19
Stoploss
14 Session low for Buying positions, 14 Session High for Selling positions.
Disclaimer : I have no role in developing these Indicators. I just found accurate Settings.
Thanks
Crompton Set For A Double TopTargets : 192-185 Sell range : Below 225 Stoploss : 251 Duration : 3-4 weeks
Outlook :
Attached Daily chart of (CROMPTON) a participant from sector Electricals products, is showing a bearish momentum as per western technicals, Heikin Ashi chart analysis and momentum indicators.
Recently, the stock prices have staged a breakdown from lower pitchfork line at or near levels of Rs 229-228 which signals further weakness for the underlying.
Also, as the rule suggest in Heikin Ashi, when candles have big bodies and long lower shadows or no shadows as in our case indicates a bearish momentum going forward.
Further, stock has topped out multiple times at or near 246, forming “Double Tops”, however break of 210 on the downside would validate the above said pattern.
Moreover, technical indicators like 14-RSI is at 46.3 and not yet oversold, According to MACD analysis, a bearish crossover just happened and it's a negative signal. Price just got below its 50-DEMA & 20-DEMA which shows bearish momentum in short to medium term. ADX minus DI has crossed above plus DI which is a negative signal for the stock.Daily trend swing ADX is at 24 and moving upward showing strength.
Combining the above technicals we recommend a Short trade in CROMPTON with targets of Rs 192-185 /Lower, stoploss placed just above Rs 251 on closing basis.
Power Mech Projects:₹440 Target ₹516 support ₹419.Power Mech Projects: ₹ 440 is consolidating around, and may create a double bottom around ₹ 419.
Watch for a better quarter is a good idea, is to find reversal time in confluence with the other indicators, currently showing divergence in indicators. The sector under performance is highly affecting this scrip very pathetically, otherwise a good runner up with a ₹650 Cr market cap and ₹1360 cr sales stands still for the last 2 years with consistent gain, it is worth buying at this level. The previous quarters were poor. Hope there will be an improvement in sales and gains.
Stock Analysis: #ASHAPURMIN – A Comeback to Breakout LevelsHello, Traders! 👋
After falling nearly 60% from its previous high, #ASHAPURMIN is back at its breakout level. Here's what stands out:
📈 Technical Overview:
🔹 My ILTF indicator signaled an entry back in November amidst strong volume candles, and the stock has risen 34% since then.
🔹 Currently at a potential breakout zone, making it an interesting setup for breakout traders.
💡 My Position:
I’m not holding any position in this stock. Sharing this for learning purposes only.
⚠️ Disclaimer:
🔹 I am not a SEBI-registered advisor.
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Please do your own research or consult a professional before making any trading decisions.
What’s your view on #ASHAPURMIN? Could this be the next breakout trade? 🚀
#TradingView #StockAnalysis #BreakoutTrading #MomentumStocks #ASHAPURMIN
Golden Indicator based Gold- Xauusd Levels Tp - 28 points1% gain23/08/24
current price 2492.80
Condition buy above 2492.50
Stop....................2485.......7.50 pts
Target -1..............2502........10 pts
Target -2..............2520.........28 pts
For this levels only for education purpose and learning only
Silver Micro Futures (MCX), View for 5-JulyThe degree and nature of separation in both bands indicates a strong uptrend. Also the price is trading in the positive zone with a RSI of above 50. The price tends to move higher and could test the level of R1-94,489 with a stop out level of S1-89,800.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 5-JulyContinuously the price is facing resistance from the level of 122 and the price has failed to close above the level of 122. But today we have a very weak negative candle. So, the trend is negative with weak strength.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
IOC, Technical OutlookAfter the break of structure the price has been trading in the negative zone. The breakdown of 164 could open the levels of 161. But the range of 164 to 161.40 could also act as a strong support zone. But the probability of a negative move is high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
WIPRO, Technical Outlook (Keep this stock in the watch list)Today the price has closed on the resistance level with a RSI of above 60. All this indicates the price is in good momentum.
The breakout of 492 could open the higher levels of 545.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
IRCTC, Formation of Darvas Box in the Compression Zone.According to the degree and nature of separation in bands the price is in the compression zone. Also a Darvas Box is formed in this zone. Wait for the breakout or breakdown of the box. Currently there is no trend in the price.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty on Radar, View for 25-JuneToday we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty on Radar, View for 21-JuneThe price has been following a divergence pattern between rsi and price.
Today the price is rejected by the previous candle high. The breakdown of the level 23,334 could start a downtrend.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty on Radar, View for 20-JuneAfter making a new high the price has closed below the trend line. Also the formation of divergence between the price and rsi has formed. The probability of a retest is very high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 20-JuneToday we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
CASTROLIND, Technical OutlookCMP - 186.65
Today the price has managed to close above an important level of 185.20.
The price could test the resistance level of 200.65 and if broken then we would see the level of 215.70
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.