Short : Lalpath Lab looking Weak
Good Day
Hello Traders,
Dr LalPath Labs is good candidate for short if it starts trading below 2371 with a minimum traget of 2268 and if further slips then you can
see 2133 - 2050 also coming in the near future.
Trade cautiously with Stop Loss as per your capital and risk appetite.
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
Short
Bata : Critical Point Can become a good short opportunity
Good Day
Hello Traders,
Bata India its at critical point of it started trading below 1757 then will be a good candidate for short.
You can play for upside with strict stop loss, however majorly the trend is downside
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
#Titan ATH weekly closing, above 2770 kya ye fatega? Titan has given all time high weekly closing supported with good volume activity. Now I want this to cool down a bit and consolidate between 2690-2770 zone before breaking out above 2770. Hope this is not ploy of big operators to trap retailers and we need to keep eye on this counter, earning report is expected on 4th Nov and can be typical "Buy the rumour and sell the news" kind of story. Can Diwali sales help this counter to give good move, we will see
BAJAJ FINSERV - Short Candidate 14SeptHuge volume was witnessed during the day.
I suspect it was a trap by the FII's and the poor retail traders fell for it.
A rising wedge is usually a very good setup for WILD moves, hence I suspect that this support would be broken easily tomorrow (14 Sept 2022) owing to the #BankNifty Weakness.
Hold - godrej consumerDon't panic if you have Godrej Consumer in your portfolio.
Why is the stock price falling?
The stock price is declining. Because Godrej Consumer's management recently published a report in which they stated that "may be in Q2FY23 EBITDA margin can go down due to commodity price and inflationary pressure."
HERO ZERO TRADE IN NIFTYThese big candles indicating that price is at supply zone in higher TF
Price failing to breach these levels and go up
Even though price is again and again going back to its supply zone
1) It is creating lower lows in lower time frame
2)Getting rejection from 0.786 Fib levels in intraday
All the levels are mentioned in the chart
what the price comes there all you have to do is buy 17350 PE 6 oct expiry
Price will be around 15-17 rs .
Risk per lot is 750-800 .
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.
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
PLAN FOR EXPIRY MOMEMTUM TRADE !!!!All the levels and details are mentioned on the graph itself
Market is in the range of 90 points
If at all we get a breakout on either side we can see some quick momentum.
The Arrows on either side indicate where bulls and bears are trapped.
When the breakout happens trapped people need to cover their position which can cause some momentum.
In my opinion breakdown and ending below 17390 should get market to days low first.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
Bearish View On SGX NIFTY In SGX Nifty Formed A Triangle Pattern in 5Mins Chart So That Triangle Pattern Indicates SGX Nifty Will Fall
So You Need To Do Short Sell Only
Don't Buy Call Options Sell Call Options And Buy Put Options
SGX Immediate Resistance @17415 If SGX Nifty Breaks @17415 Then It Will Upto @17480.
SGX Nifty Immediate Support @17340 If SGX Nifty Breaks @17340 Then It Will Fall Upto @17290
If SGX Nifty Breaks Major Support @17290 Then It Will Fall Upto @17100
• DISCLAIMER :-
Iam Not A SEBI Registered Analyst
If You Take Any Position Consultant Your Financial Advisor
Iam Not Responsible For Your Loss And Profit
Thank You
GOLD SHOWING WEAKNESS (SHORT)Gold already broke below important support of 1680 on daily, weekly and monthly timeframe and flipped it into resistance. Also we are trading in downtrend channel from 2070.42.
We rejected 0.5 fib level on hourly timeframe. Expecting it to bottom out around 1560-1550
have short open from 0.5 fib level to down 1560 with Sl on atleast 2% (would add more if we spike up to 0.618 fib)
TP - 1560
Bank Nifty Trade Setup for 4th October 2022Bank Nifty is currently in a indecisive scenario with Inside candle being formed in the daily chart. A decisive close on the upside / downside is need to decide on a potential direction from here.
Predictions
- Charts : Indecisive.
- OI Data : 38500 is going to be a strong resistance & 38k can offer some support.
- FII Activity : Super Bearish with addition of fresh short positions in OI and even futures saw significant amount of selling.
Verdict :- Short term outlook seems to be clearly bearish based on FII activity and even from OI which has 38500 as a resistance. A break above that can trigger a bigger rally due to short covering; however by the looks of it even a gap up opening would end up as an opportunity for adding fresh short positions.
Nifty50On Friday a 50 bps increase in the repo rate this week, the fourth consecutive rise since May 2022. This takes the repo rate to 5.90 percent – the highest level since April 2019 – from 5.40 percent.
Nifty moved upward and closed +270 points in positive near to its 17100 the resistance level of 17200 is the upcoming Target from Nifty. Although it tried to achieve that level on 30 September, Friday but closed 100 points below it. We can see some movement in the upward direction for 2-3 days.
Later it can face Resistance at 17200 to 17400 where it can try to consolidate or try to hold that level as 17500 is a strong resistance level we can see a short position or reversal from that level.
NOTE - As this week is only 4-day trading we have to trade with less as most markets try to hold their support and a slow steady move upward can be seen.
Advice- Try to take trade-in ATM .
_ We can see support at 17000 the point it breaks that we can look for 16800 to 16750. (This is when Nifty faces some resistance at 17200 or comes back from the 17400 level. As it will try to make the Double bottom from 16800 which shows bullish momentum and if it fails to make it the Short position will gonna start.)
_ We can go Short once the Support 1 - 16750 breaks down we hold the option for another day that can give us a good move in a single day.
Technical Indicator I used was the Moving average and on a 1Day time frame, Nifty took the support of 100DMA, and now 20DMA is trying to cross the 100DMA which is trying to indicate SELLING.
Indusind,1137 will be grt place to buyIndusind weekly chart looks promising as of now, pullback towards 1137 will provide good risk reward setup. After spending 45 weeks below this price, Indusind broke out on 5th Sept 2022. So in my humble opinion price should not go below 1137 or 1062 which is 200 weekly support. Any retracement towards this zone will give swing traders great opportunity to earn quick 5-6%.
Plan a) place alert for 1137 and enter with only 33% of plan qty and add more once price open above 1235
b) buy 33% qty near 1137 and add more near 1065 Sl in both cases will be closing below 1035.
As Bhasin sahab always says " lene ki chesta to kijiye"
Always respect risk, happy earning :)