JUBLFOOD Next Down Move started ????Chart looks Prudent for yet another down move !!!
This is in continuation of the idea posted about jublfood few days back...Refer to it... I have attached below the link to it.(under related ideas)
Target and SL levels (dashed lines) mentioned in chart.
Be cautious if it breaks above the resistance line(thin red trend line) of the descending channel down side.
Let's wait and watch!!!
Note - just sharing my view....not a tip nor advice!!!
Short
Nifty: Budget time and chart set upNifty
Chart set up
- In the last 2 days Nifty has closed in positive territory, however it has found it difficult to close above 50% of last red candlestick which comes at 17740 odd levels
- a lot of resistance between 17740-18140
- on the lower side Nifty has a risk of falling towards 17331 / 17188 / 17096 odd levels
Derivative Data
- FIIs have gone in to the Budget day with negative bias
My view
Given the data and chart set up, I'm not too optimistic about the reaction to Budget announcement.
Trading strategy
I would be playing this market defensively.
- Trade with low capital
- Reduce Long positions
- Take calculative short positions which would have inbuilt protection till 18250 odd levels
Trust you would find the analysis and insights helpful.
Take care and play safe
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
Short JublFoodTime to short JUBLFOOD with results expected tomorrow and the share to reach a 52week low of around 460. Buy Feb 500PE with SL
Share price is below 200EMA on weekly chart
Share price around the support level of 490 but unable to break out.
If the result goes negative, expect a downfall of 20 to 25rs in stock price
Is SBI Card ready for the next strong upside ??NSE:SBICARD is performing better and better when we checkout the results. The script is fundamentally sound and the card business is on track. Investors can add positions at current levels i.e Rs. 715. A strong upmove or rebound expected in near term.
Targets:
Short Term: 775
Long Term: 900
QoQ Results were good
Script Available at lows
Growth and expansion in this business is huge
The idea shared is only for Educational Purpose.
JSW Steel Support BreakdownThe support which was tested multiple times has finally broken,
Entry
we can wait for the breakdown and retest then take a SHORT entry.
Target
Target will be the next support zone.
Stoploss
Above the breakdown candle high.
Please don't forget to like and follow me.
Thank you.
Sula Vineyards LimitedSULA:- Ascending triangle pattern has formed, good stock for short term, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Nifty Jan 2023 expiry view and my trading strategyNifty
Chart analysis
Jan F&O series has been completely rangebound between 17761-18265 (just 504 points range or a mere 2.8% range).
___________________________________________________________________________
Although Nifty was very volatile during this time moving up one day and down the next and making it difficult to trade, it worked out smoothly for our Short strangle Strategy recommended earlier (Selling 17800 Put and 18300 Call with 406 points for the taking)
If any one has taken position, profit booking should be considered.
____________________________________________________________________________
Important levels going forward
Important levels to watch out for on the upside 18096 / 18120 / 18160 / 18202
On the downside 18038-18013 / 179520 / 17858 / 17786-17733.
_____________________________________________________________________________
My trading strategy
Now that we have understood the important levels, I would be closely watching out for 18096-18160 levels on the upside. If Nifty gets resisted then I might look to sell Call options in Feb series with a SL at 18250 spot levels
Trust you find the analysis and insights helpful.
To trade with me, hit the Like button and Follow
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
Elliotical Approach to US30 Short.Hello traders!
1. We see a 5-wave descent of US30 market. This is the beginning of the downtrend that has been expected since our first analysis on 9th January . Ideas attached.
2. The invalidation level is very far. If someone hasn't taken the initial trade on 16th January, best wait for a trade with a better risk reward. Those already in this trade since 16th Jaunuary could risk some for a larger profit. Extensive risk management advised as the protective stop will be very far.
3. At present, there are two variations in count that seem possible. The ABC correction that we see can be wave A of Wave (i) or Wave (ii) itself. More unfolding of the markets required.
4. We have an important resistance zone at 33400-33500 .
5. There is a 38.2 percent retracement level.
6. Even though the market is bearish, we can expect a longer, more complex correction because the market has shown a quick fall of over 1300 points. But, at the same time, not a very deep correction as the bulls have already pushed the market enough for a long time now.
7. Use of Elliotically correct protective stops is advised.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Nifty Selling at Supply areaNifty has a trend line resistance and a higher timeframe supply nearby.
Aggressive entry will be shorting at 18200 with a stop loss of 60 points i.e., 18260
Another reason for shorting is Nifty gave an up move of almost 240 points and I'm expecting a correction at this point.
Even if it takes stop losses can try to enter the trade once it gives downside confirmation.
Short entry:18200
Stop loss: 18260
An ATM option will have approximately 15 rs per lot risk. Plan your trade according to your risk.
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 a giving boost or a comment.
I will be updating it.
BANKNIFTY TOMORROW PREDICTION...#BANKNIFTY ANALYSIS... there is NO fresh entry in market are conolidate 42500 to 41900 zone today Market show some bullish sign which means tomorrow might be gap up. if market break 42336 zone then we can GO for CE(CALL).First target 42426 ,42505,42598,42687. If the market break 42252 zone then we can go for sell PE(PUT) First target 42205,42166,42069,42051...