ITC broke the trend line with high volumes.
*It has been in uptrend without a proper correction for uite a long time.
For Intraday can short ITC @cmp:327 - 328 with a Stop loss of 332.
If the trade goes in our way Targets will be
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by...
POINTS TO NOTE BEFORE INITIATING LONG:
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1. Star Pharma has been in a continuous downtrend for more than 6 months forming Lower Highs & lows.
2. A breakout of the downward channel occurred on the 24th of June with record volumes seen of the last 6 months.
3. Now a shift to an upward...
Important Levels for 16/08/2022.
The index is showing strength and we are seeing gaps being sustained and supports holding fort. But one thing against it no shift in Value Area despite the fact that the price has stayed well above the VA last session.
These two points being contrary to each other does create enough doubt regarding the movement of the index.
In my...
Looks like party is over in sugar industry as all the major sugar stocks are looks like forming Wyckoff Distribution Schematic( or commonly known as "Head and Shoulder" pattern).
So better to avoid sugar stocks for the time being and can shift to paper industry for decent returns. As paper industry is witnessing a huge turnaround after recent plastic ban and...
Setup Contains:
1. Bearish Institutional OrderFlow
2. Monthly POI Rejection
3. Bullish Structural Shift
(Short Term Sell from 50%
IMBALANCE/Daily Premium OB-)
4. Long Term Buy from Daily Discount
OB+)
TRADE WITH PAFX, TRADE LIKE BANKS 🏦
Today 05 August 2022, Bank Nifty started from just below the channel crossed it went to the zone of 38270-38132, got rejected from there, broke back the channel and ended below it.
Simplly the Power of Zones, hope you loved it.
No Major changes for 08 August 2022, Monday, Just the shift of 2 zones and channel.
Keep ur money and risk management in control and...
Today 05 August 2022, Nifty started from my zone 17417-17367 went up to supply zone 17505-17477
It got rejected from there and came back to the opening zone 17417-17367
Simplly the Power of Zones, hope you loved it.
No Major changes for 08 August 2022, Monday, Just the shift of 2 zones.
Keep ur money and risk management in control and trade the zones for...
Dark Cloud Cover Is A Candlestick Pattern That Shows A Shift In Momentum To The Downside Following A Price Rise. The Pattern Is Composed Of A Bearish Candle That Opens Above But Then Closes Below The Midpoint Of The Prior Bullish Candle.
Buy Polycab Above ~ 2245 With Stop ~ 2150, Target ~ 2550, 2650, Short Term Trade.
The core contradiction is still short-term inflation expectations
2. Do not rule out a shift in the Fed's center of gravity
3. The main logic is short and unchanged
4. Short-term longs
In terms of price trend, gold has rebounded significantly after the interest rate decision, and the structure has completed the five-wave structure. The current stage is in a...
1. The core contradiction is still short-term inflation expectations
2. Do not rule out a shift in the Fed's center of gravity
3. The main logic is short and unchanged
4. Short-term longs
In terms of price trend, gold has rebounded significantly after the interest rate decision, and the structure has completed the five-wave structure. The current stage is in a...
Important Update on Intraday Short View on TVS:- A Short view in Intraday was given around 914.60 levels today. Only aggressive traders with strict stop loss may continue with the Short position for the last 1 hour with TP of 900. Others may shift to Muthoot Finance (Long)- Details for which have been earlier shared by booking profit in TVS which is currently...
The stock seems to be showing super relative strength compared to the market + High volume on green days.
The stock recently broke a downward slowing trendingline and also today crossed the AVWAP of the entire downmove..
Watch for this stock at or around the results.
Long at current market price on a smaller allocation with a stoploss around 3150..post result...
Looks like bullish momentum going to shift its pace to bearish till end of july 2022. What do you think of the trend ? Bearish or Bullish ??
Please let me know in comments.
Good Morning!
Just as we had stated about our positive expectation on the 13th of July. Similarly even after a negative opening yesterday, Nifty had successfully managed to crossover and give a stable closing of above 16300.
Now with fingers crossed we are looking forward to Nifty reaching its next level of Resistance at 16700.
Where, if Nifty successfully...
DELTA CORP -- HOURLY CHART -- INTRADAY SETUP
1. stock seen shift from lower channel to upper channel on hourly chart
2. stock seen close at channel support lower level on hourly chart 200 HMA support bellow the closing candle
3. HAMMER & DOJI candle combination seen indication for trend reversal after correction
4. RSI seen about cross at closing candle
5....
