SOUTHBANK: Daily Breakout target hit. What next?Analysis for educational purposes only. I am not a registered analyst.
This is continuation of:
Target reached today 24th Jan. what next?
Possible options:
- exit fully
- exit partially
How to plan for exit?
- Is there another target nearby? Yes there is. Join previous HH in monthly chart.
- Do we see a breakout in another timeframe? Price is close to breakout in Monthly chart. If the wait till the month end is not risky, then possibly hold 2/3rd till either second target is reached or breakout fails.
- If the breakout fails or reaches second target, can close another 1/3rd position
Stop Loss: It's still at the daily Higher Low.
Enter/Hold a stock if we know our stop loss and are okay with risk associated with the computed loss.
Search in ideas for "OPTIONS"
Keep Bajaj Electricals in Radar.Bajaj Electricals has been trading in a sideways pattern for the past 10 months, as shown in the chart. In May, it broke out of this pattern and started moving in a upward trend.
If we zoom in and look at a smaller time frame, we can see that another sideways pattern has formed within the larger pattern.
We have two options: we can wait for the price to break out in multiple time frames, or we can make a smart move by taking a trade when the price retests its support level around 1223.
We can consider waiting for the price to retrace and then take a trade, aiming for a potential gain of 7%. To manage risk, we can place a small stop loss. Why small Stop Loss ? Because trade have all the possibilities to fall further if it breaks it support and can come all the way to its Bigger support level.
If it breaks out in a multi time frame, I will update in trading hour.
Nifty intraday trade for 6th july 2023nifty created a flag pattern. if it breaks upside, it may go further upside. also there is a resistance at 19430.
if nifty goes down and break the 19300 level, it may go down upto 19250. please note that there is a support at 19250, so, you have to wait for the price action at 19250 level.
INFY The Nifty IT index has formed an inverted Head and Shoulders pattern and successfully broke out above the 29100 levels.
Same INFY also created an inverted Head and Shoulders pattern and successfully broke out above the Resistance levels.
Now you have two options: Either wait for a retest of the breakout level OR capture this bullish move (Risky Traders).
#Nifty Next Move for 02 May 23Nifty given BO after downward channel as marked previously, again retested that BO level and moved upwards, now eye on 18250 levels which is big hurdle for next move and also 03 May US FED decision. VIX is also extremely low which is good sign for investors. But trade lightly till US FED decisions.
#Banknifty Analysis for Monday US DOW is near to complete round bottom at 33300 levels which is crucial to BO and prior traded US market in green zone aling with NASDAQ. Keeping same sentiment Indian Market should also open in green territory but BankNifty downward channel BO level 41125 is crucial for Upward Move. Watch chart for support and resistance levels.
REC LTD 125 Above Buy Now 1st Target 140 , 2nd Target 170 open.......
Newcomers to the stock market are offered high returns with low investment without much risk.
95% of the percentage is guaranteed.
Free advice is given.
Take a look at the history of our channel.
If you like, stay, if not, don't.
Please don't do it when you have no experience
We provide :
Nifty BankNifty Stock Options Futures Intraday Equity Swing Short Term Cash Positional BTST FINNIFTY
#stockmarket #trading #sharemarket #optionstrading #stockstowatch #india #business #investment #market #trader #daytrader #investor #money #investing #sensex #nifty #daytrading #stockexchange #Charts #Supportlevels #TechnicalAnalysis #telugutraders
REC LTD 125 Above buy now 1st Target, 2nd Target 170 open....
Newcomers to the stock market are offered high returns with low investment without much risk.
95% of the percentage is guaranteed.
Free advice is given.
Take a look at the history of our channel.
If you like, stay, if not, don't.
Please don't do it when you have no experience
We provide :
Nifty BankNifty Stock Options Futures Intraday Equity Swing Short Term Cash Positional BTST FINNIFTY
#stockmarket #trading #sharemarket #optionstrading #stockstowatch #india #business #investment #market #trader #daytrader #investor #money #investing #sensex #nifty #daytrading #stockexchange #Charts #Supportlevels #TechnicalAnalysis #telugutraders
Falling wedge pattern breakout in TATACOMMTATACOMM
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1275+.
✅Can Go short in this stock by placing a stop loss below 1227-.
✅breakout this can give risk:reward upto 1:3+.
Symmetrical triangle pattern reversal in JKCEMENTJKCEMENT
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Reversal of Symmetrical triangle Pattern .
✅ It can give movement upto the Reversal target of above 2991+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 3230+ .
EASY OPTION TRADING STRATEGY FOR NIFTY INDEX TRADING
Key Levels For Day Trading
Support Zones For Nifty Intraday Trading on Fiday
First Resistance Zone For Nifty – 17284 – 17293
Second Resistance Zone For Nifty – 17220 – 17230
Third Resistance Zone For Nifty – 17165 – 17181
Forth Support Zone For Nifty – 17060 – 17072
Resistance Zones For Nifty Intraday Trading on Fiday
First Resistance Zone For Nifty – 17380 – 17370
Second Resistance Zone For Nifty – 17472 – 17458
Third Resistance Zone For Nifty – 17540 – 17528 –
BankNifty Daily Levels Update For Option Day Trading
Major Support Zones For BankNifty On Expiry
First Support Zone For Nifty – 37523 - 37560
Second Support Zone For Nifty – 37306 - 37345
Third Support Zone For Nifty – 37055 - 37095
Major Resistance Zones For BankNifty On Tuesday
First Resistance Zone For Nifty – ( 37852 - 37827 )
Second Resistance Zone For Nifty – ( 38195 - 38165 )
Third Resistance Zone For Nifty – ( 38535 - 38495 )
NIFTY TRENDNifty analysis :
Two confirmations of shorts
1. TrendLine Rejections with above avg Volumes
2. Rsi Divergence
upon follow up - Trade ideas
1. Low Risk - Low Rewards _ High Probabilty (CREDIT SPREADS)
TRADE IDEA : SELL 18200 & above calls SEP expiry & BUY HEDGE
2. Low Risk - High Rewards _ (RATIO)
TRADE IDEA : SEP - Monthly Expiry
BUY ATM 17600PE - 2lots
BUY 16400PE - 2lots
SELL 16800PE - 4lots
POP : 42% \\ Margin Req : 80K \\ Breakeven : 17400 \\ Max Profit @16800 \\ Max Loss above 17600
NMDC: Cup with handle breakout soon - Est. Profit 17%NMDC forms cup with handle in the daily and weekly timeframe. It is likely to breakout soon. If it breakout up side we can expect a rally towards 145-150 price range (Estimated profit 17%) with the stoploss of 119 on closing basis (Daily timeframe).
Middle term to Long term vision for BankniftyMarket has taken support from this trendline so it is expected to take support again
but this time this support may be weaker so beware with your option or future positions.
-> 70% chance to bounce back from 32500 level
-> 30% of breaking it.
Market will definitely come to 32500 level then start investing in small
quantity in ETFs if you do for swing or long-term holding.
clear your vision with Titan buy a callclear your vision with Titan Buy Call @2600
Entry Rs 2600 to 2620
Target 2760
SL 2540
Time: 1 weeks
CMP 2616
Qty: 50 Shares
Titan is moving downside since last 4 trading days . Below is the demand zone so it must bounce back and continue the upward journey. 2543 to 2595 is an demand zone for the script. so Buy and hold for two weeks.
Options:
Expiry: March 31,2022
Strike: 2600
Entry Rs 60 to 65
Target 100
SL 29
time: 3 trading days square off by Tuesday closing
Lot Size 375
CMP 66