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POLYCAB: Swing: 1D 15-Oct'24POLYCAB: Swing: 1D 15-Oct'24 Stock has been in an uptrend since long Starting 25-Jun'24 the uptrend has paused and the stock has been trading in a range until about 19-Sep'24. ADX is ~ 14 on 19-Sep'24 confirming range bound trade Starting 23-Sep'24 the stock has again resumed its uptrend. It broke above its range levels on 27-Sep'24 It broke above its life time high on 09-Oct'24 and has been consolidating just above that since. The stock is taking support at 9 day SMA and is trading just above it. Entry / Target / Exit Entering long @ 14-Oct'24 close 7483.4 Exit criteria = Hits StopLoss || Reaches Target || Price goes below 9 EMA Target = Drawdown + All time high ~ 8230 Stop Loss = 1 ATR (190.44) below the resistance (7331.45) = 7331.45 - 190.44 ~ 7139 Risk:Reward = 2.17:1
NSE:POLYCABLong
by ramanarvind
Mighty Nifty - Oct 10Price was volatile in the morning session and trending in the afternoon session. And now price is at support. Pattern : Support/Resistance. Range : Good. Trend strength : Normal. Buy Above : 25040. Stop Loss : 25000. Targets : 25080, 25120, 25160 and 25220. Sell below : 24960. Stop Loss : 25000. Targets : 24960, 24920, 24880 and 24850. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:NIFTY
by vanathi