[Buddha] COALINDIA Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Search in ideas for "INSIDE BAR"
[Buddha] IRCTC Inside Bar IdeaLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
[Buddha] JINDALSTEL inside Bar ideaLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Graphite India - Positive Technical moveGraphite India is among top 5 Graphite manufacturers globally. It enjoys good easy demand and that it is expected to continue enjoying the same. With climate control steps being increasingly taken by manufacturing countries, use of Graphite is expected to grow consistently, as graphite oriented metal processing creates far less hazardous gases.
Technicals:
On Weekly Chart, Graphite India is giving three positive indicators M pattern break out from trough region, positive RSI divergence and Inside Bar Breakout.
Cautious level to be seen on this counter is at around 400, otherwise it is a kind of buy on dips as its financials have also started improving hugely.
I am not a SEBI registered analyst and this is just an educational purpose study for own perusal. Please note that, out of all the studies that I am giving, I may or may not be holding positions at any given time, because I am not a long term investor.
[Buddha] POWERGRID Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
[Buddha] BALRAMCHIN Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Bitcoin Top to Bottom Analysis
Monthly chart: indicates that there has been a divergence in MACD and we can see the double top formation that was a wholistic overview, but the last three candles indicate that if the price broke below 32917 and closed below this it will complete as an inside bar which is bearish and on the downside
based on the Weekly chart 28850 is the support, whereas if the price can break out from 47900 and closed above it will start the next upside up to 64850
on the Daily chart there is no momentum and we can see clear consolidation the price making choppy moves not respecting the 50ema band
My Take: let's wait for the breakout
because there has been uncertainty in the market with UKR & RUSS war
and rumor of Russia to adopt bitcoin or the money flow might increase from the Russian side in BTC
instead taking bias better to follow the chart analysis and trade according to levels
[Buddha] RAIN Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
[Buddha] INDUSTOWER Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
[Buddha] ASHOKLEY Inside Bar Trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
[Buddha] BALKRISIND Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
[Buddha] Suntv Inside Bar Compression PatternNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Hindalco is at an important area…Hindalco is at an important area…
Reasons/Traits :
• Cypher bullish harmonic pattern formation seen
• Below 20 and 50 EMA
• Trend breakdown retested and an inside bar formation seen today
• RSI, MACD and Stoch are in down trend
• Earlier channel breakout failed
What can happen next :
Scenario 1 : Price sustaining above 460 levels can take it to 472/488/510/547 (to complete cypher harmonic bullish pattern)
Scenario 2 : Price break down below 460 can take it down to 454/438/425/410/400 levels
Important levels are mentioned above and it doesn’t mean it will achieve all one by one … price can hover along these prices and due course of time will tell us the price movement between these levels. 460 is important level and breaking it can take the price down or it can bounce back.
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Nifty intraday setup - 31 January 20221. Sitting at range equilibrium
2. Formed inside bar pattern
3. Buy above 17170
4. Sell below 17080
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Your likes will motivate me to work harder and better. Keep supporting my work. 😊
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
Bank Nifty intraday setup - 31 January 20221. Sitting at flip level
2. Formed inside bar pattern
3. Buy above 37900
4. Sell below 37575
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Your likes will motivate me to work harder and better. Keep supporting my work. 😊
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
Britannia - Looking good for a swing tradeKey highlights:
1. Bounced off daily demand zone in December
2. Change in market structure
3. Overhead resistance from 200MA cluster
4. Inside bar pattern formation
5. Currently sitting at 0.618 Fibonacci level of the last swing
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
EIHOTEL - 30% gain potential1. EIHOTEL has been moving in the parallel channel for the last, almost 2 years.
2. If we observe, can clearly see the phases of impulse and correction. Currently, the price seems to be completing the corrective phase.
3. If we see the daily chart, the price seems to be under contraction, indicated by the back-to-back formation of inside bar candles.
4. Recently, the price bounced off the 200 MA cluster, which is also a sign of strength.
5. The 200 MA cluster has acted as a support a lot of times in the last year. Hence, I am Long biased.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Banknifty View for upcoming daysBanknifty plunged a lot from 26th Oct 41k level to 16th Dec 34k Level. After such downmove in Banknifty, I expect upside in Banknifty. Here in my analysis, you can see Inside Bar Pattern in Banknifty. If you want to go long on Banknifty then buying above 34300 will be a wise move.
Let me know your thoughts in comment section.
P.S: This is just for educations purpose.
[Buddha] JublFood Inside Bar Trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
So,
If Long triggers, I will buy intraday.
If short triggers, I will skip!
Alternatively, the support levels and the current ATH can be good levels for options spread breakeven points.