International Conveyors @finger tipsI am waiting to see it in Uncharted Teritory😎✔️
Expecting a reversal from the current level.But need to stay Nifty postive.
Risky players can enter @current level
Others can wait for the Cup and Handle Breakout.
✔️ Anytime we can see a massive movement in the stock
Reasons for this Stock Selection ✔️
💎The stock was strongly accumulated between 40-50 range,u can see strong consolidation in the chart.
💎The back end data was awesome in the consolidation period.
💎Formed a nyz pattern.
💎Here the Cup with Handle is a bullish continuation pattern.
💎Final Shake Out.Sending those shares into sturdier hands in the market.
💎Low Volume in Handle is the another bullish sign.
💎Low Risk.
💎Promoters increasing their stake.
💎Technically promising chart(All studies explained in the chart).
And I hope This is the Final SHAKE OUT || Bulls Awaiting✔️😎
weekly chart✔️
About The Business✔️
International Conveyors is engaged in Manufacturing and trading of Conveyor Belting, Trading of Ply Conveyor Belting, Steel Cord Conveyor Belting and fitting and accessories, Generation and Sale of Power.
Hope you guys learn and trade responsibly only after understanding the mechanics behind the pattern🙏
Short
Nifty50 │ Analysis :- 24-09-2021Hello, Guys! Nifty-50 Is Bearish on 24-09-2021
TARGET :- 17672 Near ( Nifty-50 Closing Bell ) 3:30 PM
STOP-LOSS:- 17889.10
Guys This is R&D ( Research And Development ) Purpose Only.
I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator.
Thank You For Making Trust And Don't Forget To Support Me!
For My Lovely Fan Club " I Love You Guys! "
BTC movement in continuation to update dated 21 Sep 2021
Time frame- 4H
Exchange- Binance
Coin- BTCUSDTPERP
Chart includes the following Indicators
1. My own Custom Indicator - " Raptor Super Indicator "
As per the above indicator composition:
The current price level is already below EMA-13, EMA-21 & EMA-200 => Highly Bearish
The current Parabolic Support and Resistance levels shows downward movement => Bearish
2. Yellow thick trendlines shows a breakout from the downtrend of yesterday, now moving sideways in a range bound manner as depicted in a Rectangular region. => still bearish as in downtrend movement.
3. Gann Fan Indicator Support area in which the current candles lies - at support of (line 8/1)
=> In negtive zone(bearish), if it's price breaks this Gann Fan support Line price along the move, then BTC will enter in a Highly Bearish zone that is below line 8/1 and can further go down till the price Support level S2- $36192 as shown in the chart by PIVOT indicator (Horizontal Support and Resistance Lines)
4. Fibonacci Retracement Indicator: The last Price support level - $ 37291. The current movement shows that the Bitcoin price might come to this level, if not may be retraces back upward from - $ 37500.
My overall Technical Analysis says highly bearish , I may be wrong, but it may have a chance to go upward from current Gann support line otherwise doom is here tonight. We know the expected scenarios, now just have to be safe in this dump if it comes.
Not a financial advice. Do your own research before investing . Do not trust me as the username says.
Cheers and Happy Trading Fellas....
ZEEL: Potential Pole & Flag pattern trade ZEEL
- on hourly chart we see a shooting star on 15 Sept with a high of 300.75 & closing at 266.90
- on a closing basis highest close on hourly chart is of 271.35
- today, we observe a Pole & Flag pattern in ZEEL
this is usually seen as a continuation pattern
Target for the current set up 236 / 233 / 228
______________________________________________________________________________________
Given the set up, one may consider to sell 275 Call option closing price is 9.15 (yield potential is approximately 10% on margin requirement)
The strategy covers risk for a rise in ZEEL price up to 284.15 till 30 Sept expiry which is higher than the highest hourly close so far.
Take care & 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
Nifty: Gravestone doji observed after Bad Bank good NEWSNifty
- Yesterday there was Press Conference where our Finance Minister came up with the idea of forming of a Bad Bank and buying Rs 2 lakh Cr NPA of PSU banks for Rs 30,000 Cr .
- this would clear up all the NPA of PSU Banks and going forward would help in showcasing better ROI .
This possible expectation of good news is possibly one of the reasons why we have seen our markets doing well in recent days.
- However today on hourly charts we observe gravestone doji pattern
- this is a bearish candlestick pattern
Is the good NEWS being factored in?
I have highlighted this view in the previous update in the comment section
Time for you to decide.
Do note: last time, in our Nifty update our SL got triggered at 17450
So due your own research and due diligence.
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
SBIN: Potential Channel tradeSBIN
- there was a big positive announcement for PSU Banks yesterday evening by Finance Minister
- On charts, we see SBIN trading near channel top levels
given the set up, one may consider a Bear Call Spread strategy
Sell 480 Call option currently around 8.6
Buy 510 Call option currently around 3.5
Net receivables in strategy Rs 7650/- per lot (yield potential of 11.5% on Margin requirement till 30 Sept expiry)
More importantly the strategy has inbuilt loss protection for a rise in stock price up to 485.10 on 30 Sept
Take care & safe trading...!!!
Hindalco: Chart set up and trading strategyHindalco
CMP 486
Potential Line of resistance around expiry comes at 513 levels
_____________________________________________________________________________________________________
Given the set up, one may consider to Bear Call spread strategy
Sell 510 Call option around 5 &
Buy 540 Call Option currently around 1.7
Lot size 2150
Net receivables 3.3 * 2150 = Rs 7095
Yield potential of approximately 8% on margin requirement
Importantly strategy has in built loss protection for a rise in stock price up to 513.30 till expiry
Take care & 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
BANKNIFTY SHORT Short Banknifty between 36640-36670 with SL 37730
Target 1= 36350
Target 2 + 36250
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Nifty: Is Nifty shifting gearsNifty
CMP 17308
- Nifty is still going up
- however we see Nifty is struggling to keep up with the pace
- From 30 March 2020, we observe Nifty trading in blue channel
- however since 30 March 2021 exactly after 1 year, we see Nifty struggling to stay in blue channel and subsequently it came to the midpoint of yellow channel
- currently it is at the crossroads and it looks likely it might shift to the yellow channel
- the set up has potential target of 16800 over a few weeks
Given the set up one may consider to sell 30 Sept expiry 17500 Call option around 100
The strategy has a yield potential of 6.5% approximately and provides in built loss protection for a rise up to 17600 till expiry
Take care & 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
DLF: Chart view and trading strategyDLF
Observations
- Stock has done a 76.4% retracement of the fall from 359.25 to 303 levels
Given the set up one may consider to sell DLF
F&O strategy
Consider Bearish Call spread
Sell DLF 350 Call option around 11
Buy DLF 370 Call option around 5
Net receivables in strategy 19800/- per strategy lot (yield potential around 20% till expiry)
Be cautious if DLF closes above 346
The strategy has Inbuilt loss protection for a rise up to 356 till expiry
Take care & 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
Nifty: Would it continue or are the legs getting tired???Nifty
On rise, one may look to sell Nifty.
T1 and T2 are highlighted in charts
SL one may keep a SL at 17442 for Nifty
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