Search in ideas for "INSIDE BAR"
Did Titan reach its life time high and ready for profit booking Did Titan reach its life time high and ready for profit booking ???
Reasons/Traits :
• Wedge pattern break out target reached (width of wedge would be the target)
• Inside bar/Bearish Harami candle formation seen today
• Titan is at life time high
• Is in overbought zone with decreasing volume
What can happen next :
Scenario 1 : Uptrend can continue to reach 4.618 levels of ABCD pattern /2080/2100 levels
Scenario 2 : Profit booking to go downside of 0.236/0.5/0.618 and go uptrend
2000-2100 levels are an important zone, let’s see..
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!
[Buddha] Lauras Lab 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.
So,
If Long triggers, I will buy intraday.
If short triggers, I will sell positional.
Alternatively, the support levels and the current ATH can be good levels for options spread breakeven points.
NIFTY ON WATCHLIST SUMMARY:-
-nifty is looking to breakout of its bearish trendline
-if does and sustain at current levels we will have captured a move above 20-dma
-close above 18k means we will have an inside bar breakout in nifty on daily chart
-historically speaking whenever that has happened it has followed up with an 300 point move
Nifty - 5 days below moving averagesNifty has struggled to breach the moving averages (13EMA/20EMA) for five straight trading sessions.(including the thursday muhurat trading session). With the selling pressure from FPI/FII resuming, will it have the strength to break out today? Let us hope to see that breakout today. The pattern is inside bar, so today should be a trending/volatile day. Let's see.
HDFC BANK Impulse ending soonHDFC BANK WAVE COUNTS
I have labelled HDFC BANK chart with an impulse count as it was following impulse count's rules.
It seems like we are about to complete 5 wave impulse pattern on the upside.Following are the reason behind impulse completion or wave 5 of an impulse completion
1)Price wise target of wave 5 is almost done when it made high of 1725,considering wave 5 to be of an equal length as wave 1.
2)From candlestick point of view we have Dark cloud cover sort of pattern on 18-10-2021 which was followed by inside bar in yesterday's trading session and today we have breached low's of DCC candle.
3)On the upside we have significant call OI @ 1700,1680 and 1660 levels.
4)If we get close below 1625 in coming week,it would also be a sign of impulse termination on minor degree, as this would breach minor 0-B TL of minor wave 5.
5)We are also nearing cycle low's period meaning a sharp decline can come
It's an agressive trade to short at this point(cmp 1570),but worth taking as upside risk is only of 30 rs where as on the downside 1600,1575 & 1535 would be the potential target levels.
Trade risk should not be more then 1.5% of entire trading capital that one has and sizing should be done accordingly.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
tatamotors As we cans that tatamotors is rallying for sometimes and i thing this rally will end here on tatamotors and will start correcting from here and i am looking short on tatamotors here with target of 490-450 as nifty will also lose the momentum form here i see tatamotors feeling the gap
if tatamotors hit 518-520 again then we can go short with the target of 500,490,460 and also uh can see that we have been creating the inside bar on daily in tatamotors
one more things guys take the trade on your own risk as tatamotors is in news as trade accordingly here
POWER GRID CORP - Possible BreakoutNSE:POWERGRID
Cup & Handle Pattern Formation (With a Inside Bar Breakout - Weekly Chart ) & Three Retests at 187 Resistance Zone.
Weekly RSI: Ranging b/w 55-60
Can Expect Breakout - Anytime Soon (Daily Volumes must be a Good Indicator to Confirm)
Possible Targets: 200 - 205
Fundamental Pros:
Good Dividend Yield: 4.15%
Low PE Ratio: 10.20 (September - 2021)
PS: Analysis Only - Not a Recommendation
order block 4 hrs tf longif we go on 1 day tf we can notice that price is pulling back to its 21 day ema and 50 % fib levels
4hrs tf we have an continuation OB at the same level
setup continuation OB ( inside bar ) huge impulsive move creating imbalance and price should come back to mitigate this level
Entry - OTE
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Position SizingCosmofilms on of the clean trending stock. Having 3 posistions in the stock. The first was a Weekly Inside Bar, then a nice consolidation around 50 DMA , then sold a part of it (marked with a pen indicator) when i had more than 1:2 to risk reward ratio from my first buy. Today(7-Oct-21) bought again. Nowhere my SL has exceeded 1% of my trading capital on the combined positions .
POSITON SIZING with RISK MANAGEMENT is the way for SUPER PERFORMANC E .