EICHERMOT--WATCH FOR BREAK OUT OR BREAK DOWNAfter the Head and Shoulder breakdown the price is now at a crucial support level. We may see a reversal from the current support to the trend line.
Be prepared for an outcome on either sides. Can be a good trade on either sides if volumes are good. Wait for price action.
SELL
Nifty: Moving on expected lines as per Technical AnalysisNifty
CMP 14338
If you have been following me this is exactly what I have been writing since April 5, 2021.
- level of 14885 was identified as crucial resistance zone
- our arrow marks for Nifty movement drawn in our April 05 post, blue lines showcased in our April 13, 2021 post, reflect Technical Analysis suggesting the zone of 14150-14237 to provide some support...
What we are seeing now is these levels pre-identified with the help of Technical Analysis being respected to perfection....
Need I say more...
Trading is not about buying and selling randomly just like that. Trading is more about
- having a systematic approach...
- Planning your trade well in advance,
- be ready with actionable steps, and
- during market hours when you see those levels come, it's just execution of your plan with better clarity and thought process in your mind without any confusion...
One can argue that the current down movement happened because of NEWS about second wave of pandemic hitting us hard and that it was just lucky coincidence.... Hmmm... Well then, here are few more chart analysis which made me feel lucky with my trading strategies....
Infy, TCS (which had result announcement event) and DLF trading idea... 😊
I say, follow Technical Analysis, listen to charts instead of NEWS and chances are you too might start feeling more lucky ... 😉 ;-)
Going forward...
- expecting some bounce back
- however, we have seen a crossover of 20 day EMA moving below 50 day EMA around 14600 levels
- 14460 / 14540 / 14655 are 3 important resistance levels that one needs to look out for....
- overall view still remains the same - Nifty seeing further lower levels (sub 14000) on the lower side
- I have highlighted the zone above which pattern gets invalidated
Take care & safe trading....!!!
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Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
LRCX Lam Research and the Semiconductor Chip ShortagesLet`s put this into the context of the Semiconductor Chip Shortages:
LRCX Lam Research makes the equipment needed to manufacture new chips.
TSM Taiwan Semiconductor is raising its capital equipment budget.
Earnings in 4 days! i expect to have solid gains.
On 4/16/2021 Credit Suisse Group Boosted Price Target to Outperform ➝ $750.00
91.991B MARKET CAP
0.81% DIVIDEND YIELD
32.23 P/E Ratio
This should be a safe bet for the next week.
If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the opening of a candle, not at the the candle close, like others do, just leave me a message.
TCS: At important resistance levelTCS
Closing Price 3165
Looking at the charts, TCS is once again near important resistance levels.
The red dotted line that you are looking at is not drawn after the stock has taken support but was identified way back on January 29, 2021. Take a look at the chart below... (this is an hourly chart of TCS posted on 29th Jan 2021)
As you can see the stock has taken support exactly at important level identified with the help of Technical Analysis.
Going forward, we see the stock is once again at important resistance levels.
Given the set up, one may consider to sell TCS 29 April 2021 expiry 3300 Call option. Closing price is 62
Be cautious if TCS closes above 3231 in Cash Equity market.
Max profit potential in strategy Rs 18600/- per lot... More importantly, In built loss protection for a rise in stock price up to 3362 (Loss protection of approximately Rs 66000/- from current TCS spot levels )
The strategy gives a good return potential and ample opportunity to adjust / exit in case the stock goes the other way...
Take care and safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
TATA MOTORS SCENARIOS FOR UPCOMING SESSIONS WITH RISK-REWARDHi Friends and Fellow Trades,
TATA MOTORS NSE:TATAMOTORS TRADING SCENARIOS DETAILED EXPLAINATION WITH RISK-REWARD
Please watch through till the end.DO NOT skip any part of the video or fast forward as you may miss important discussion point on the levels and entry-exit triggers.
This is my view and is should not to be construed as BUY or SELL recommendation. Please use your discretion before taking any position in the stock markets
REMEMBER - Random ACTIONS always RESULT in Random OUTCOMES
Happy Investing !!! Leave a LIKE if you have gained an insight from this analysis. Share and Comment as your way of showing gratitude !!!
GBPJPY SELL | Great opportunityHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in GBPJPY .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
CCL Prod || Fake Positive Run + Low Volume1.Started with a Daily Time Frame, the zone is multi level support zone which has been tested for more than 5 times.
2.Next we came to 4H time frame and saw the stock is in a down trend and hence looking only for a sell trade.
3.Later we came to Hourly , 30Min chart which gave us the important key levels for support and retests.
4.On 15 Min chart we saw the candle is exactly rejected from a key zone and hence a sell trade would be better option.
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Hi! One should always trade what they see and not what they feel.
I might be wrong or right but what matters the most is how much you are willing to loose...
Happy investing.