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Selling opportunity in Nifty or Not!-->For the first time since 13/10/2022 Nifty has closed below its previous days closing "PDC" yesterday. -->Nifty has extended quite high without a correction and I'm expecting a small correction before its BIG BULL RUN. --> Why not BUYING today? -->Yeah we can also buy with todays low as SL and enter when market gives retracement towards days low and again shows bullish momentum --> PLAN 1 -->Continuing with shorting plan one can Short around 0.618 level at any strong bearish candle with 0.78 levels as SL or a big SL (18192 like that) Short Entry:18095 SL:18155 --> PLAN 2 -->Wait till market comes till 0.78 levels and then short market with approx 60 points SL -->This is high probable setup because chances of achieving 1:1 and securing the trade is high. -->Even if price goes into stop loss zone we will have a good chance to exit if Price move around that level for some time ,coming to our entry area. Short ENTRY : 18132 SL :18192 levels I am posting this for Live testing purpose. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES ***If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. Your boost and follow is my MOTIVATION. I will be updating
NSE:NIFTYShort
by Mo-Kri
Should we buy or sell Nifty Today?Nifty is in narrow range since opening. 15 min candle breakout should give good target either side. For Upside 1;1 should be 1st Target and then trailing. For downside also same thing but can focus on gap filling also. BREAKOUT PLAN The breakout candle should close above the range (at least 30 percent of body) Then one can enter at candle close with SL below bottom range level. (should be ~50 points) OR After Breakout one can wait for some retracement and enter the same with same SL (can get small SL) BREAKDOWN PLAN The breakdown candle should close BELOW the range (at least 30 percent of body) Then one can enter at candle close with SL above range level. (should be ~50 points) OR After Breakdown one can wait for some retracement and enter the same with same SL (can get small SL) I am posting this for Live testing purpose. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES ***If you like my analysis let me know by giving boost or a comment. I will be updating
NSE:NIFTY
by Mo-Kri
Selling opportunity in Niftylets see if we can secure this trade with at least 1:1 RR. SL of just 40 points . Candle close above 18020 will change every thing Until then its a good risk reward . Closing below 17940 will be considered as proper weakness then one can plan for positional trades. As of now not that much weakness but in smaller TF i have observed market breaking the structure and it is afternoon also lets see if any selling pressure comes. I am posting this for Live testing purpose. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES ***If you like my analysis let me know by giving boost or a comment. I will be updating
NSE:BANKNIFTYShort
by Mo-Kri
2
Not every swing high is a Fake Breakout !Good morning traders. If you have entered long at the high of the green candle as shown in the chart you would have thrown out of the market by taking your SL and kept you thinking Oh! It must be a Fake Breakout. -->We all know that market structure is combination of waves. -->These waves will follow Primary trend, Secondary trend and all the minor trends on the way. -->In the Bullish momentum - Price will form Higher highs and higher lows. -->In the Bearish momentum price will form Lower highs and lower lows. -->If we observe the recent path the market is following, it has formed higher highs and higher lows.(Bullish If i have to say) -->Before Friday the recent swing low the market has formed at 17637 level. About the fake breakout - The price level it broke has hardly respected once. If the price has respected that level 2-3 times and then if it breaks it and comes back into range then we may call it a fake breakout or if it has broken the previous swing low then we can consider it as a fake breakout. Since none of the above mentioned has happened its just be a another swing high and market is still in up move. Above concept is done. Now on Friday market has formed a new swing high 17830 level and major swing low is 17637 levels. If price can go past 17835 on Monday then swing low will be shifted to 17723 levels. Then why I post shorting trades in the Ideas? I try to plan my trades at the extremes (at swing lows and swing highs). There is no point in going long at a swing high unless our stop loss is huge. That is why in a bull structure I plan to buy at swing lows or I plan to short at swing highs both of them will have small SL and High rewards. Do you agree with me in this aspect? If we observe our recent market openings, it has opened with gap ups. So I don't want to risk huge SL for limited intraday up move that's why I plan contra trades. On Monday I will be cautions because SGX Nifty is showing 18000 + and it will make it as a good supply zone. I will observe the price action in smaller time frames and plan my trade. The future market direction will be decided at these levels. --> What we need to observe? --> Whether the market is accumulating at this level or Distributing at this level. I have written so much in this ,I will write more based on the response I get from this. I know few of these will be confusing, do let me know If you want to know about particular concepts then I will have Idea about what I should be writing for. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. Your boost and follow is my MOTIVATION.
NSE:NIFTYEducation
by Mo-Kri
Nifty: Is Nifty Feeling the October heat near resistance zone?Nifty - We are looking at daily candlestick chart Observations - On 16 Sept Nifty opened gap down between 17877 to 17796 - coincidently Nifty 76.4% retracement level is also around same level 17777 - for 4 consecutive days Nifty is struggling at 17800 levels - With 1 hour's trade to go today volume is on a lesser side Given the conditions, fresh longs in Nifty can be avoided. Have bought a few Put options for 24 November expiry. Review points for me - View gets invalidated if Nifty trades above 17880 Please follow your risk management measures 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
NSE:NIFTY
by indiamarketoutlook
1
ICICI Bank: Chart set up and trading strategyICICI Bank We are looking at daily candlestick chart pattern Observations - ICICI Bank chart reflects it made a gravestone doji on September 15, 2022 (indicates previous buyers were happy to sell at 936 odd levels) - subsequently we saw profit booking in the stock - now the stock is back at 920-940 odd levels - we see ICICI Bank still not making a decisive move above the September 15 high View going forward - so far as ICICI Bank is below 945 odd levels we might see ICICI Bank rangebound - support at 868 / 844 Given the set up one may consider a Bear Call Spread strategy in ICICI Bank Sell 960 Call option currently around 12 Buy 1000 Call option currently around 4 Net receivables 8 points Lot size 1375 Net profit potential Rs 11000 per strategy lot Margin requirement - approximately 93500 Yield Potential - 11.75% approximately Review point for me: If ICICI Bank closing is above 943. It gives ample scope to adjust / exit in case stock moves otherwise. Pls follow your Risk management measures. Take care & safe trading...!!! Like and follow for more trading ideas like these 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
NSE:ICICIBANK
by indiamarketoutlook
Asian Paints: Is it Losing it's shine? Diwali season is considered one of the best season to get your house painted. With festive season gone behind us, is Asian Paints losing it's shine ? Let us look at what chart has to tell us... We are looking at daily charts of Asian Paints The stock is seeing a lot of selling since it made a high of 3582 on September 28 - the stock is trading below it's 21 day, 50 day and 252 day EMA These are not the signs that a strong bullish stock will show... Going forward 3112 -3260 may potentially act as strong resistance zone Support at 2830 / 2660 Important levels have been discussed. Trust it would help you plan your trade accordingly 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
NSE:ASIANPAINTShort
by indiamarketoutlook
TCS: Classic Down trend Channel, Chart setup & trading strategyIn our July 2022 coverage, we had marked the red line zone as possible resistance zone and that is precisely what TCS has followed. It has fallen exactly from those levels - If we look at the broader picture, Since the beginning of the year, TCS has been trading in a classic down trend channel. Now with results round the corner, the stock is in the middle of the channel range. In the current set up - we also observe a gap recently formed on September 14 2022 and the stock has struggled to surpass that gap so far - stock is trading below 21 day EMA and below 53 day EMA There seems to be lack of confidence and /or lack of belief amongst bulls even at current levels to go Long in the stock. The Blue line is where things might look better for TCS buyers (refer the chart below) You can plan your trade accordingly. Not getting in to details of trading idea here, as efforts don't get the deserved Likes and Follow. 😒 Best wishes & 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
NSE:TCSShort
by indiamarketoutlook
5
Sgx Analysis SGX Nifty formed resistance around 18000 in daily chart. Two times it tried to break that resistance level but it failed to sustained & again it is testing that resistance. Strategy A: - Time frame: - 1H chart If nifty open gap up, look for high open. If high open same then sell. Strategy 2: Time frame: - 1H chart Wait for bearish pattern to form near resistance level in hourly pattern. After confirmation we can sell. Strategy 3: - If it breaks its resistance with high volume then we will be on buy side.
NSEIX:NIFTY1!
by sarangmv