SRTRANSFIN : Just wait for perfect RRSRTRANSFIN is currently facing turbulence and the stock has also run up fast. The trendline and support zone confluence makes this a perfect stock for entering at 1100 level with a smaller quantity.
The risk to reward ratio becomes favorable at this level for a target of 1300. Good results are expected from this stock and post 28 Jan (result day) it can again zoom to the recent high of 1300 Levels.
DISC: For education purpose only. Please consult your advisor before taking any trade.
Search in ideas for "Zoom"
ITC BOTTOMING OUT -stock was in a good uptrend before the news the stock fel sharp
-as expected the stock has sustained the blow and is willing to climb up
-the stock is showing symmetrical action
-once the stock crosses above 218 it will zoom towards 228-234
-one can enter long near 206-208
-enter a stop below 203
-initial short-term target of 212-215
ZEEL to Zoom SoonZEEL along with all other media stocks looks good on the charts and with the rising popularity of the ZEE5 platform more profits might pour in. Recently the stock has crossed the daily 200 moving average and broke of consolidation breaching the 230 resistance price.
From here it looks good and might move happily towards the next big resistance zone of 300 to 305; later to 415.
(Note: I am just a novice trader and poting these ideas just to build confidence and get constructive feedback from other traders.)
BTC forms sub-wave a of C non-standard in [Day timeframe cycle]Where are we?
Bitcoin is the most popular coin at this moment, last time I heard about bitcoin around in Mar the price was around 7000$ but unbelievable 9 months passed, it rallies up to 30000$. This phenomenon indicates that we are in a powerful impulse wave of a supercycle. We can not count wave three as an impulse wave because wave 2 does not comply with the rule of degree
Then we zoom in on wave c we will notice that wave c also forms zigzag upward, I label waves with the red color this one we can't guarantee that uptrend is impulse standard or non-standard. So I label 1 or (A) and 2 or (B). It is very strong to make elongated zigzag in elongated zigzag. You can notice that wave 2 or (B) is in the form of strong b-c failure like the bigger cycle. By the way, the corrective process is already finished. We are currently in wave (C) I further label sub-waves of wave (C) as a non-standard small x wave because it moves in the trendline channel, I can count it more than 5 sub-waves, and also it breaks the essential construction rule So after the x wave corrects the previous zigzag. It's now ready to form the next upside wave, mostly it will form another zigzag to make a double zigzag. In conclusion, we are in the wave an after wave x correct former zigzag in wave 3 or (C) and wave (C) in wave x3 of supercycle.
How to trade?
I must admit that bitcoin is one of the most difficult things to trade on Earth. I don't recommend you to make a short term trade. Think long term, it has the potential to change the world so in the future their chance of soaring up more price is possible. So if I must trade I will but right now some amount of it For someone who wants a better opportunity you can wait to wave a to complete, it may complete at the resistance zone in the blue horizontal line that I plot or higher but after that, It'll correct but I think not that much because the previous zigzag: wave b retraced around 38.2% of wave a.
Ans: My suggestion is to buy it
Warning!!!
Manage your capital very well don't, be too confident - This is just one of the idea that I analyze based on my own experience of learning Elliott wave analysis - Decide by yourself
"Don’t focus on making money, focus on protecting what you have."
Thanat Vichachai
Ascending Triangle, Swing Trade, DaburThe stock has been consolidating in 530 to 498 range for long time. Yesterday it broke 530 and i am guessing we can see an upside movement. Also, if we zoom out, the chart looks similar to build up of ascending triangle in daily and weekly time frame. Trade looks good for short time duration. Stop loss can be put according to personal risk management.
NB: This is not a stock recommendation, i am just sharing my view only.
Side Effects of Corona Vaccine? Is this side effect of corona vaccine news? Zoom (#ZM) is down -17% Today.
Is the work from home and working at video conferencing time over?
This seems like perfect candidate and right level to short this stock?
Well, traders have to decide themselves as per their risk apatite.
BankNifty Game plan for Tomorrow (10/11/2020)Higher Time Frame Price value relationship:
Monthly - Key Resistance at 27300 became Key Support now for shorter time.
Game plan for tomorrow(10/11/2020):
- Price value relationship indicating higher value. Market can be breakout/ranging.
- Trade Plan A: Any bullish price action seen at 27225 - 27265 go for long with target of 27390, 27570
- Trade Plan B: Any bullish price action seen at 27370 - 27410 can go for long with target of 27570, 27680
- Trade Plan C: Any bearish price action seen at 27800 - 27840 can go for short with target of 27680, 27570
- Trade Plan D: Any bearish price action seen at 27660 - 27700 can go for short with target of 27570, 27390, 27245
- Trade Plan E: Aggressive longs can take if price goes above 27820 with target of 28070
- Trade Plan F: Aggressive shorts can take if price goes below 27245 with target of 26990
My trade will be short CE's or buy PE's as per Plan C/D.
Please zoom-in to see levels on chart
Don't forget to follow, if you make some bucks with these levels :)
All levels are as per spot. Anything can happen. Please have a proper risk management. Happy trading.
BankNifty Game plan for Tomorrow (08/11/2020)Higher Time Frame Price value relationship:
Monthly - Key Resistance at 27300
Weekly - Higher value relationship with a CPR expansion, mostly market can be ranging.
Game plan for tomorrow(08/11/2020):
- Price value relationship indicating higher value. Market can be ranging.
- Trade Plan A: Any bullish price action seen at 26580 - 26620 go for long with target of 26820, 27000
- Trade Plan B: Any bullish price action seen at 26380 - 26420 can go for long with target of 26600, 26820
- Trade Plan C: Any bearish price action seen at 26980 - 27020 can go for short with target of 26820, 26600, 26400
- Trade Plan D: Any bearish price action seen at 27180 - 27220 can go for short with target of 27000, 26820
- Trade Plan E: Aggressive longs can take if price goes above 27200 with target of 27520
- Trade Plan F: Aggressive shorts can take if price goes below 26400 with target of 26060
My trade will be short CE's or buy PE's as per Plan C/D.
Please zoom-in to see levels on chart
Don't forget to follow, if you make some bucks with these levels :)
All levels are as per spot. Anything can happen. Please have a proper risk management. Happy trading.
The leading Contracting Diagonal in Five wave, NIFTY.I've used here 2hrs timeframe to zoom the chart for clear picture of sub waves.
The Primary Four Wave has formed 3-3-3-3-3 Expanded Triangle.
The Five already initiated with gaps and trying to develop a leading contacting triangle. After mature triangle we will see sharp move that can be upward.
SH KELKAR : BREAKOUT RETEST : LONG : SL 83SHK gave strong breakout after completing wave 4 triangle. It retested the breakout today on lower volumes. RSI is also taking support at the trendline. Once it gives closing above 94, it can zoom all the way to 122 in the coming days. Recent Q2 business update by the company is also good and projects a stable outlook with very low CAPEX.
Agar Main Kahoon..!! ( If I say..!!)If i say 12300 is coming would you beleive?
Last two ideas based on Action Reaction Line worked perfectly. See updates on "Winter is coming" and "Where are the dragons" (both ideas shared as link to related ideas).
Now Prices have almost touched the Red median line of the pitchfork as updated in "Where are the dragons" on 30th september, what next?
If prices zoom pass through the red median line tomorrow, then they must test reaction line 1 @ 12300. If they reverse from 11800 then they must reach horizonal Central line (median line) @ 11300.
This analysis is based on Action Reaction lines and it is simple and wonderful.
This is my trading journal, not a trade recommendation.
DISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
Hind Petro : Buying opportunity with good R:R (Demand Zone)Hind petro has been bleeding since months. In previous day session it closed at 171 which is its a good support. If you zoom out its chart on weekly time frame
you will find this zone is very crucial for Hind petro (171-164). So, swing short should be avoided and anybody having postiion on short side they must book their profit.
If a bounce came from here and breaks the 175 level buy can be initiated with SL 170.