HINDALCOHINDALCO failed to complete the BOWL pattern now it is trying to make a CUP with Handle pattern
Buying levels above 415 with the SL of 4 to 5 rs and we can look for 1:1 to 1:2 target or more depending upon the volume.
selling is preferred below the 400 level and risky traders can have sold below 408 with the target of 404 up to 400 can continue further below 400 level
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
SELL
EURJPY SELLHi traders, based on the price action of last Friday, I see that the price at the moment lays close to a bearish Orderblock Area and a clear resistance level, which is being approached with very small - body candles.
As a result, I am expecting a fall to fill the Sunday - night to Monday opening.
Good Luck!
IOC Chart set upIOC
- The stock even in a strong market condition is struggling to get past 21 day EMA
- The stock traded in yellow channel for approximately 3 months
- Now trading in the red channel zone
Target for the current set up 64.15 / 61
Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30
Take care and safe trading...!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Grasim - IntradayGrasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved.
Now it's trying to cross the zone 1650 - 1700.
Thus the Volume in Grasim looks good near the resistance level of 1700.
BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise.
- we can look for an inside candle and then take a trade.
- if it opened FLAT then we have to wait for the breakout.
Selling - If the 1700 level is taken as resistance then we can sell below 1690 which can lead it to the target of 1680 to 1660.
Please do share your feedback with us, we are more than happy to help you out, and do not forget to subscribe to our channel.
#StockRecommendations #StockMarket #Trading #IntradayTrading #Buy #Accumulate
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Asian Paints: Chart set up and trading strategyAsian Paints
- After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far
- The tepid recovery is also due to rise in crude oil prices during the same time.
- Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series)
Keep a close watch if Asian Paints closes above 21 day EMA ( currently around 3386) and or crude prices cools off drastically
Take care & safe trading
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ITC- SHORT positionITC after long support of 20DMA now closed a candle below 20DMA in the 1-day chart. On the lower side, we can see a trendline breakdown too and 50 DMA is our next TARGET.
Also, 10DMA crossed the 20DMA in the 1-day chart now we can trade for short up to lower support line.
The evening star candle was formed, showing a downtrend later on a Doji and a gap down confirmed the downward momentum of the stock.
HEAD AND SHOULDER PATTERN (SELL SIDE)SELL : 1529 TO 1373
TARGET : 822 TO 730
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Now price has been broken the neck line and retested the neckline. So we can go for sell side target above mentioned.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
how to buy/sel gold, stocks or cryptocurrencies at a good price?How to buy gold, stocks or cryptocurrencies at a good price in a bear market?
There are usually two trading strategies, it depends on whether the market is in a bullish or bearish phase.
The common sentiment of many people in an uptrend, they think that the market will continue to increase so they can buy at any price, leading to fomo psychology and many people losing heavily.
Conversely, in a bear market, many people are afraid that the market will continue to go down and will not buy a good price, or when the price drops to a certain level, they will buy because it is a low but realistic price. the market continues to go down
How to avoid the above mistakes?
These are 2 reliable technical indicators for everyone. it is not bollinger bands or rsi indicator.
What is its effect?
"AromB Market Index""
One is to help you know if the market is near a bottom or near a top.
The second is the market going down or going up.
"AromB PL"
three is the price at which you can best buy in a bear market or the price at which you can best sell in a bull market
The combination of the two indicators above is probably a perfect match.
Do not use elliot or wyckoff waves to predict prices, which will lead to subjective errors.
#GBP AUD # SELL IDEA..Hey M, I am looking to sell GBPAUD below 1.76000 and expecting continuation to the 1.75000 based on fundamental and technical confluence price broke major resistance and tuned to rejection to support and supply creation to continuation of bearish momentum with head and shoulder confirmation thanks.