Only for learning and sharing purpose, Not a trading advice, Please comment with your views.
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 /...
Short @1535 - 1540 Target - 1460 SL - 1572+ (Should be a closing price in day candle)
Banknifty can soon switch to sell on rise mode. Can short will recent high as SL
Nifty - 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...
SBIN - 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...
Short below trigger level for tgt shown..maintain strict SL
Hindalco 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...
Short TCS at CMP with the SL of 3800 for the Target of 3500. ~9% downside in very short term. You can trade in Options for better gains. Good Risk to Reward.
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.
The descending triangle is formed in the Axis Bank stock. keep an eye on the breakdown with good volumes. If a breakdown happens with the rising volume you can short with a target of 763 approx. for more analysis on stocks .
Stop Loss = Rs.150 Target 1 = Rs.111 70% of the profit can be booked at Target 1.
Nifty 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...
DLF 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...
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk:Reward: 4-5 times.
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...
BOB CMP 79.35 Sell for intraday target of 78.4 / 77.30 SL 80.30
axis bank clear target intraday gooduck test snd with bb 200ema rsi 806 810 resist