Short
Manappuram Fin - Short in 1hr TF if it breaks the support levels🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
Relience Short term Swing trade with rising wedge pattern...here is the chart which is explaining us the pattern named rising wedge and it already had given us a good breakout with some good volume and also retested it's trendline in lower time frames.so here we can go short if it gives us a move towards downside......
Selling opportunity in Niftylets see if we can secure this trade with at least 1:1 RR. SL of 50 points
Candle close above 17840 will change every thing Until then its a good risk reward.
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
Bearish View On BANKNIFTY Hello Guys
BANKNIFY On Bearish View
If BANKNIFY Breaks 41611 Then Do Sell First Target 41580
Second Target 41550 Third Target 41518
If BANKNIFTY Breaks Today's Low @41563 Then It Will Fall Upto 41463
If BANKNIFTY closes Above 41705 Then Go Long
Please Trade With A Strict 🛑 Stop Loss
Hope The Best Happy Trading And Protect Your Capital
DISCLAIMER :-
Iam Not A SEBI Registered Analyst
If You Take Any Position Consultant Your Financial Advisor
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
Bitcoin short-Double top breakoutBitcoin is forming a double top pattern in 1h time frame.The pattern is already retested two levels.If the wave breaks the support 1,a short trade can be initiated with the risk to reward ratio of 1:3 as seen on the image.It can take retest the level of support 2 and support 3 as well,so be patient.Also,US fed reports are coming so market can be volatile.
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