Nifty is trying to retraceNifty is trying to retrace...possible that it will take support at its previous resistence value around 12000 and shoots up
SELL
Sell USDJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its RESISTANCE and is falling down.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Short on GBPJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has reversed from its RESISTANCE.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
WEEKLY SELL ON EURUSDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its TRENDLINE RESISTANCE and also made a DOUBLE BOTTOM.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Exit your longs in Tata Consumer ProductsHey Guys,
Exit your Longs in TATA Consumers as there might be some profit booking from tomorrow or upcoming sessions which can drag it to 650 levels then we can make our fresh long positions
Follow for more and stay tuned
United Phosphorous Ltd Intra-day Trading (Sell) opportunitiesNSE:UPL
TRADE ANALYSIS
This stock is very bullish and making new highs, the stock had created higher highs, However in the last 30 minutes trading session it closed below 20 Moving Average (MA) and below volume weighted average price (VWAP) with a strong bearish move and a negative RSI Diversion which means that the stock is losing its momentum and might touch its deep retracement zone.
POSSIBLE SCENARIOS
1) If Market opens sideways- and touches the price of 842 also making any bearish pattern or price rejection from 842 zone then look for confirmation candle and sell, put stop loss at 847, take profit at 823.
2) If market opens Gap Down- check for the 15 mins bearish candle then straightaway sell and put stop loss above 15 mins candle take profit at 806 or according to your risk to reward ratio.
3) If market opens Gap up- Do similarly like sideways market.
NOTE: In case the market opens gap up above 842 price then I would recommend not to trade UPL LTD.
Grasim Ind Long Set-up Chart is self explanatory.
Visit Tgram for more such ideas.
Tgram: Stocks 101
SBI LIFE (BUY AND SELL)Why Buy and Sell
Now you need to understand the chart Is creating 2 patterns at the same time
1. Tripple Top (which is a trend reversal)(Which is highlighted in Yellow)
2. Cup and handle (which is highlighted in Blue)
If the price crosses the resistance line and creates a new candle above the resistance line then Buy the Target is 1130.( Which means its completing Cup and Handle Pattern)
If the price crosses the Support line and creates a new candle Below the Support line then Sell the Target is 860, 778, 737.( Which means its completing Tripple Top Pattern)
Short call for Bandhan bank Price may reach up to 250, which is a 10% fall if you buy at 280
People who have futures enabled can go for 250PE for great profit
Put a bit of your studies and buy
11% Profit SAILNSE:SAIL
Buy if the price closes above the line and creates a new candle
above the line.
play for 11% profit then exit
DMART ALART PRICE DROPI know it looks complicated but the viewers need to understand. I will try to explain at my best
(A) is showing bearish bump and run trend reversal pattern
(B) is showing bullish price channel continuation
(C) is showing bullish inverted head and shoulder trend reversal pattern
(D) is showing target price (Target 1)
As I went through ideas a lot are talking about head and shoulder and it shows uptrend will start now but
If you observe (A) it's creating a bearish bump and run trend reversal pattern in which the thick line shows the possibility up to which rates can go and the rectangle shows the supports
If you observe (B) it's showing bullish price channel continuation according to which the price has to move in bullish if it crosses the upper price channel line and the target is up to rectangle (D)
If you observe (C) it's showing a bullish inverted head and shoulder trend reversal pattern which is created inside price channel pattern but both price channel, head and shoulder are showing the same target area of (D)
Now what I'm saying is on 14/05/2020 earnings are expected to release, and the strong (A) bump and run is pulling down the rates. If it happens so then the head and shoulder will not work and the price will fall taking support at (A) rectangles and it will bounce back. when it crosses the price channel (B) upper band you can buy expecting the target price of (D)
So don't go with head and shoulder wait for the price to cross price channel upper band then with confirmation and bit of your studies buy
Any doubts or suggestion ping me
Consolidation Chart shows considation. Can buy or sell when it breaks. Do ur own analysis before entering into trade.
BANKNIFTY BUY ABOVE 33024.55 with a target of 33953.5 stop loss - 32237 (stop loss on 15 min candle close)
Personally, I don't prefer this huge stop loss but the pattern negotiation point is 32237
Sell at 33954 with a stop loss of 34057.15 (stop loss on 15 min candle close
Personally, I try to short for this trade because the R:R is good in shorting
