Sterlite Tech: BUY. Weekly Inside Bar Breakout near support zoneSterlite Technologies has given a Weekly Inside Bar breakout at its long-term support zone. There is a strong probability of a reversal of downtrend here.
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Nifty-Inside bar & Doji within Narrowing channel - weekly chartsAn inside bar and doji indicates indecisiveness of participants, while the narrowing channel will provide a direction for a big and decisive move sometime very soon.
Weekly charts are quite reliable from a medium to long term perspective.
Week's low is near 12110, this level needs to be watched carefully. If broken, it may destabilise bulls.
India vix is near historic lows, vix and Nifty have an adverse correlation. You may keep an eye on Vix chart to ascertain trend reversal of Nifty.
When the markets are as high, trading with certain level of safety is important, strategies that are crafted carefully may protect us from big losses. If you agree, and intend to know more about how strategies can be deployed at these levels, feel free to write to me using direct message or tweet me using @i2gain handle.
DABUR - BUY on Weekly Inside Bar breakout above Rs. 466Dabur had made a Weekly Inside Bars pattern last week, with decreasing volumes. At the same time, it is also making a symmetrical triangle pattern. A breakout on either side can be big! However, since it currently trending up, I will be happier taking a LONG trade on a breakout above Rs. 466, in continuation of the prior uptrend.
TECH M ASCENDING TRIANGLE,INSIDE BAR & PINBAR IN 1D &1W.Analysis based on Pattern and pure price action.
1. Ascending triangle formation in daily and weekly timeframe.
2. Inside bar in weekly timeframe along with pinbar.
2. Buy on break of weekly candle(pinbar) high,with stop-loss at candle low.
3. Target based on supply and demand zone.
BAJAJ FINSERV 1D PENNANT FORMATION WITH INSIDE BAR'SBAJAJ FINSERV IS FORMING PENNANT ALONG WITH INSIDE BAR'S IN 1D. PLACE SHORT ON BREAK OF PREVIOUS DAY LOW.
IBULHSGFIN Inside Bar Short Setup IBULHSGFIN fell sharply today and now expected to fall further . It has formed an inside bar on the hourly . Can sell below 728 with stop loss 740 for targets of 707 and 670 .
A double inside bar near the crucial support levelGood probability of an explosive move on either side.
There has been steady but small increase in OI since 26th Apr during which price was mostly declining. Then there was 27% increase in OI on 8-May (378 new contracts), which happened to be a green day. A closer look at volume profile pattern on the futures chart suggests buying near the support (not shown here).
No directional bias considering market volatility. Will be playing by double inside bar entry exit rules for this trade.
ASIANPAINTS - Inside Bar Trade
ASIANPAINTS - Inside Bar Trade
Short below Prev day low
Buy above Prev day high
TECHMAHINDRA - Inside Bar trade [Intraday]TECHMAHINDRA - Inside Bar trade
Short below Prev day low
Buy above Prev day high
[Positional] Justdial Futures Arbitration Inside BarWe are already short on Justdial futures as you can see from the comment here -
*Shorted Justdial at 613.65 with stop loss at 620.25
Tomorrow, We are going to over lot our initial position or going to exit it on the ground rules of Inside Bar formed in Futures.
Futures and Equity are moving differently for Justdial. So be cautious.
[Intraday] Weekend lvl 12 + inside bar ADANIPORTSHas been rising the past 12 days, with a double inside bar
Short only if it breaks the low of the previous day with a stop loss at the previous day's high
Long only if it breaks the high of the previous day with a stop loss at the previous days;s low
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.
PDH 368.95
PDL 361.5
[Intraday] Weekend lvl 9 + inside bar GODREJINDWeekend lvl 9 + Twezzers top + Inside bar
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.
PDH 537.7
PDL 524.4
[Intraday] Weekend lvl 8 + inside bar INDIGOWeekend lvl 8 + Twezzers top + Inside bar
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.
PDH 1308.35
PDL 1261.65
[Intraday] TATAMOTORS Double Inside Bar Long TradeDouble Inside Bar
Long above 193.45, SL PDL
PDL = 187.80
If gap up or down, follow 5m ORB.
[Intraday] TATAMOTORS Weekend lvl 5 + Inside Bar Short TradeWeekend lvl 5 + Inside Bar
Short below 187.75, SL PDH
PDH = 195.40
If gap up or down, follow 5m ORB.
[Intraday] MANAPPURAM Weekend lvl 5 + Inside Bar Short TradeWeekend lvl 5 + Inside Bar
Short below 111.35, SL PDH
PDH = 114.75
If gap up or down, follow 5m ORB.
[Intraday] DABUR Weekend lvl 6 + Double Inside Bar Long TradeWeekend lvl 6 + Double IB
Has been falling from past 6 days without breaking PDH. Now it has made two back to back inside bars near support zone.
Long above 426, SL PDL
PDL = 421.30
If gap up or down, follow 5m ORB.
[Intraday] Weekend lvl 9 + inside bar HDFCHas been falling the past 9 days, with the a green candle + insidebar yesterday
Long only if it breaks the high of the previous day with a stop loss at the previous day's low or previous day close
Since its an inside bar as well, if short triggers, update stop loss to cost.
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.
PDH - 1874.95
SL - 1858
