HEXAWARE Inside Bar BreakoutHexaware on daily time frame has formed DOJI for the last 2 days with the latest candle contracted inside the previous.
The doji indicate uncertainty in the price, hence trade the breakout of the inside bar in either direction.
Long above 330.05
TGT 1: 335.45
Short below 311.30
TGT 1: 306.55
TGT 2: 300.05
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Search in ideas for "INSIDE BAR"
[Intraday] MARICO Weekend lvl 7 + Inside Bar TradeWeekend lvl 7 + Inside Bar
Has been falling continuously for past 7 days without breaking PDH. Today it has made an inside bar. The previous day candle has shown good rejection from bottom.
Long above 339.65, SL PDL
Short below 333.50, SL PDH
If gap up or down, follow 5m ORB.
DIVIS LAB Inside Bar Trade Divis Lab is weak after forming a double top after a great rally .
On hourly , it has formed an inside bar on weak support level .
Can go short below the low of the bar .
Levels are mentioned in the charts .
GRAPHITE Inside Bar Tradeit made an inside bar in weekly and in daily made an outside bar in daily so long it if PDH is broken with a stop loss at PDH
DHFL Weekly View - Inside BarDaily Frame -
Right now it is in sideways trend. So we can not bet on the break of the sideways trend and we can neither short (as it fell way over it should account for and fundamentally it is still good!) and neither long (given the current "Falling Like No Tomorrow" market scenario).
Also, we can not bet on the sideways movement because there has been heavy movement; so there is no question of leverage positions as of now.
Options -
You can not buy options as the premiums are too high due to volatility.
You can not sell options thinking it is a sideways trend because it can break the trend anytime in any direction.
Basically, it is fundamental Hold and technically No View at all.
Weekly Frame -
It is near a long-term support (We can call it to pivot line instead.)
It made an inside bar. So we can expect a heavy breakout or breakdown.
Where to sell -
We should sell below 265 and can resist near 252.65 which is last week's low and 250 is a good psychological level. So breaking 252.65 will trigger a breakdown towards 213.
So after selling below 265 with a stop loss at 333.7, one need to update the trailing stop loss to the cost when there is 10 points fall because our stop loss in case of shorting is too high and unaffordable here.
Where to buy -
Based on Inside Bar Strategy - Buy at 333.7 with a stop loss at 265.
Based on Support and Resistance - Buy at 215 with a stop loss at 200.
Options Idea -
Buy DHFL 330 CE at 4 with a stop loss at 0 and target 10. (Gambling on volatility and risk: reward.)
Sell DHFL 180 PE at 4 with a stop loss at 10. (Betting on consolidation on pivot line and not break of pivot line)
in.tradingview.com
Majestic Auto: Consolidation and Inside bar formationMajestic auto is consolidating and forming inside bar on daily time frame. Keep on radar for closing above 476.
RSI Bullish divergence with inside barAn inside bar in an uptrend
Rsi Bullish divergence
Low Risk reward ratio
Can enter for above mentioned trendline target
Stoploss is must
Worth Peripherals:Forming inside bar on WTFWorth Peripherals is looking good on weekly time frame. Stock is consolidating and forming inside bar from two weeks after breakout. Keep on radar. Volumes indicating accumulation at current levels.
Onmobile: Inside bar breakoutOnmobile is looking good on weekly time frame. Stock is attempting breakout of inside bar pattern. Keep on radar for closing.
Vinyl Chemicals: Attempting inside bar breakout on WTFVinyl Chemicals is attempting for inside bar breakout on weekly time frame. Keep on radar for closing. Stock is consolidating in a range since 7-8 weeks. Can expect good run up if sustain above breakout levels. Sector tailwind will also help in momentum.
Redington Ltd: Forming multiple inside barRedington Ltd is looking good on daily time frame. Stock is in good momentum and forming multiple inside bar on daily time frame. Can expect good bullish candle soon if breakout sustain. Stock is trading near all time high zone. Keep on radar.
ADSL: Attempting Inside bar breakoutADSL is looking good on daily time frame. Stock is consolidating & formed inside bar pattern. Keep on radar for breakout.
SMS Lifescience: Breaking out from multiple inside bar rangeSMS Lifescience is looking good on daily time frame. Stock was consolidating and forming inside bar pattern on daily time frame. Seems stock is getting ready to break upside. Keep on radar. Looking good to trade in 4 digit soon.
Nice three inside bar breakoutNifty on daily time frame had this large down candle and 3 inside bars and final breakdown from support
Are we going to see further fall?
Nifty - Support & Resistance, Inside Bar Candle, 9EMANifty made Inside Bar Candle Pattern at 15min time frame, followed 9EMA rule.
Moving between support & resistance zone.
I expected 1:3 move as per the size of Green Candle and Nifty did it.
Price Action!
For my digital records only.
TPL Plastech: Inside bar breakout on weekly time frameTPL Plastech is looking good on weekly time frame. Stock has given inside bar breakout in last week and sustaining above inspite of weak market condition. Keep on radar.
Elin Electronics: Inside bar breakout on DTFElin Electronics is attempting inside bar breakout on daily time frame. Keep on radar for closing.
Ponni Sugar: Forming multiple inside barPonni sugar is forming multiple inside bar on weekly time frame. Keep on radar for closing above 435. Seems good accumulation is going on before budget.
TVS Electronics: Inside bar breakoutTVS Electronics is looking good on daily time frame. Stock is attempting inside bar breakout. Keep on radar.
Jindal Poly Films: Mulitple Inside bar formationJindal Poly is forming multiple inside bar on WTF. Seems good accumulation is going on. Keep on radar for closing above 700.
Indoco Remedies: Inside bar breakout on DTFIndoco Remedies is attempting inside bar breakout on daily time frame. Keep on radar.
Plastiblends India: Attempting Inside bar breakout on DTFPlastiblends India is looking good on daily time frame. Stock is attempting breakout of inside bar formation. Keep on radar.
ASAL: Attempting Inside bar breakout ASAL is looking good on daily time frame. Stock has formed inside bar and attempting breakout today. Keep on radar for closing above 460.
