GranulesWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Seasonality
Indiabull Housing FinanceIndiabull Housing Finance treading above weekly breakout of 240 and its less likely that this will come to this or below this level now.
It has already break supports of 272 and 263.
The next and final support is 252, we may see this level in the coming days and stock will rebound from here.
If all goes well in view of the overall market, the Immediate target is T1-340 and T2-400.
400 will be the crucial fib level (23.60%) for the further journey of the stock.
Spotting a Macro Trend in Oil Industry.US Oil is facing resistance on a long Trend Line. Oil will reverse from this point which tells us a lot about the industry in general. How the world is shifting towards electrification and adapting to the new electric revolution in the auto sector which is the major consumer of oil. Dependence on Oil will decrease from here on. There are no new consumers rising for the oil but rather would be decreasing over a period of time. This is more like a slow death of oil. It won't disappear all of a sudden. This can take 5 to 10 years time keeping in mind how rapidly & exponentially the world is changing.
This is purely a short trade. An aggressive one from the current market level. For the target of $32-$34.
SWSOLAR: A probable trade#SWSOLAR (daily)
-Taken support from channel.
-Profitable company.
-Bullish energy sector.
-Buy at CMP.
-Buy in dips till 219
-Targets are marked out in Purple.
-TF ~ 1month.
-Stoploss daily close below 214. #Nifty
Disclaimer: I am not SEBI registered. Personal opinion and charts that I share are for educational purpose only. Not recommendations.
Finolex Industries ready to take off !!!Finolex Industries ready to take off !!!
✅buy @650-60 range✅
sl 600
trgt 700-750-850++🎯🎯
long 1000+
study then invest🙏
🔹chart looks good
🔸stock perfectly respecting the uptrend channel
🔹700-705 level acting as a good resistance ,anytime can see a massive movement from current level.so keep it on radar guys.
🔸Finolex Industries, the largest manufacturer of PVC pipes and fittings, on Tuesday reported a massive 174.2 percent jump in net income to Rs 255.8 crore for the third quarter ended December driven by a near doubling of operational margin.
#superb q3🔥
NIFTY Trading levels for the daynifty levels mentioned in the chart
SGX Nifty was up in the green but A long bear candle was formed, after the formation of small negative candles in the last four sessions, which indicate that the downside momentum has started to gather strength. This could mean chances of more weakness for the Nifty in the coming sessions. The next crucial support is placed at 14300 -270 level.(we mentioned it already)
Yesterday’s nosedive by Sensex erased 1,145 points with the benchmark index closing at 49,744 while the 50-stock Nifty tanked 306 points and gave up 14,700 mark. Rising bond yields, inflation worries across the globe, and the resurgence of coronavirus cases domestically are believed to be troubling the stock markets.
Factors driving markets
US bond yields rise: Benchmark US Treasury yields hit a near one-year peak but the dollar eased against rivals.
Covid cases: In some pockets of India, covid cases have started spiking, spooking investors who believed the crisis was all but over. If this leads to more lockdowns, there could be more negatives for the market.
Stimulus coming: President Joe Biden's push for a $1.9 trillion Covid-19 relief bill took a step forward on Friday as a US House of Representatives committee unveiled the legislation Democrats hope to pass by late next week.
AMARARAJA BATTERY BTST+SHORT TERMrisky btst+short term entry
enter@890 range
trgt 907-913++
short term 940-967+
study
little risky
I am expecting a good bouncing from the current level that's why i sharing...but remember one thing market in a selling mood...so try only if u are confident..
thanku
ike - comment - support
SBI Life forming Bullish reversal Elliot wave pattern! SBI Life is forming Bullish Reversal Elliot wave pattern on 1 Hour Time Frame.
Waves are not matching exact specifics of Elliot wave theory, but chart is showing strength to surge ahead.
With Positive Quarterly results in back and optimism of upcoming union budgets, I believe SBI Life will be good pick for swing trade.
SL & Targets are mentioned on the chart... Look forward for feedback to correct my charting / analyzing skills.
Regards,
Ravi B
Fortis: 5 yearly itch Fortis is yet again playing out its 5-year cycle. A look at the left-hand chart which is the monthly time frame, clearly shows this cyclicality of 5years. It has been a long-term under-performer and is now dealing with some serious resistances. Last session we had a fine high-volume breakout which should continue further up unless the short-term supports of 160 is not broken. With the momentum backing the pharmaceutical stocks can this be an opportunity for the stock to rally further up and test 200? Well, I think it’s possible.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.