Shortsetup
Dogecoin short-Multiple trade setupDogecoin is forming some bearish trade setup these days.It may give us some great fall after the breakout.Here are two trade ideas-swing and intraday that I wanna share with you guys in detail.check below.
Trade 1: The first one is a swing trade.Dogecoin made a beautiful double top pattern in 1H time frame which broke out it's neckline(0.9684 level) downward and now is retesting from a lower level (0.09274) on a trendline.It is now at the breakout point of the trendline and if it breaks,a short trade can be initiated to the support level of 0.08012. You might have hold it for some days.keep an eye.
Trade 2:It's an intraday.A bearish pennant is made on 15m/1h time frame and about to break out.It can break downward to the level of 0.08894.if it breaks the pattern,a short trade could be taken there.follow the levels.
Make it happen,get some good profits.Happy Trading.
#EicherMotor, Short setup for 1.5-2.25% gains in F&OOn Weekly TF Eicher motor has made inverted hammer candle and I am looking to initiate short trade below 3325. If Eicher open flat on Monday then will initiate short trade below 3325, if open gap up then will wait for rejection around 3370 and then initiate trade this will give great risk reward. If open gap down then need to wait to take rejection around 3325 level which is friday's low. My final target will 3280 & 3240 and SL would be 3380 or 3330 depending on which scenario get's played out.
Let's see how market will react on Monday. Happy trading , enjoy :)
ABBINDIAABBINDIA looks weak below 2950 levels after it formed Lower highs and lower lows structure for three months.Keep an eye!
Stock is now below the shared levels of 2950 shared on the 30 NOV 2022.
Disclaimer:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
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JUBILANT FOODWORKSJUBILANT FOODWORKS is consolidating between the levels of 570 to 545 the moment it breaks down the consolidation zone we can see a good fall till 528 as there can be a small hurdle. The further target we are getting is till 500.
500 is good support where it saw the support and reversed back with a double bottom pattern. which also completed the Tripple bottom pattern and then consolidated between 545 to 570. That makes it the most important level to break down .
Another point is that while putting the FIB retracement we can see that the 0.5% rejection level is at the same 545 level and 0.6% is at 526. Because of this, we can see a slow bearish move (DEPENDING UPON THE VOLUME).
We can see pressure building up when moving average of 50 and 100 are crossed that show a negative sign in the market and we can see the breakdown on that point too.
Mindtree, 3790-3810 good zone to short, F&O traders make moneyAlthough there is great movement in IT index on Friday but caution advised now in all IT stocks . Keep booking your profits, trail it tightly as now most of the IT stocks are near monthly & weekly CPR/ATR resistances. Similar case is there in Mindtree where 3790-3810 will be great zone to short with low risk high reward setup. Since I will be planning to take the trade against the uptrend I would like to keep qty low and pyramid once it starts moving in my direction. My targets will be 1) 3660 2)3620 3) 3600 4) 3540. Offloading qty at different levels and trailing will give me cushion to achieve higher targets.
Always respect risk , happy trading.
ETH LTF Play for (Shorts)HTF Trend is Bearish . Therefore, I am only looking for shorting options. There is Liquidity just above the Key-Level (Purple Zone) and a possible Order Block on HTF. That will be my POI (Point of Interest).
If the price reacts and rejects from that level, i will open shorts around $1330. Let's see.
Bearish Double Top - Capital Goods Index - Expect CorrectionStraight Double Top Bearish Pattern on Capital Goods Index - Note this is on weekly timeframe
SL for shorts mentioned
All targets on the chart
Expect downside correction of 10 to 20 % over next 5 to 8 weeks
The index consists of 25 stocks - 8 FnO Stocks & 17 Cash Stocks. Constituents are -
ABB India Ltd
AIA Engineering Ltd
Bharat Electronics Ltd
Bharat Forge Ltd
Bharat Heavy Electricals Ltd
Carborundum Universal Ltd
Elgi Equipments Ltd.
Finolex Cables Ltd
Graphite India Ltd.
Grindwell Norton Ltd
Hindustan Aeronautics Ltd
Honeywell Automation India Ltd
KNR Constructions Ltd
Lakshmi Machine Works Ltd
Larsen & Toubro Ltd
Polycab India Ltd
Praj Industries Ltd
Schaeffler India Ltd
Siemens India Ltd
SKF India Ltd
Sona BLW Precision Forgings Ltd
Suzlon Energy Ltd
Thermax Ltd
Timken India Ltd.
V-Guard Industries Ltd
FnO Stocks are -
ABB India Ltd
Bharat Electronics Ltd
Bharat Forge Ltd
Bharat Heavy Electricals Ltd
Hindustan Aeronautics Ltd
Larsen & Toubro Ltd
Polycab India Ltd
Siemens India Ltd
Let's see which way the story unfolds. Happy Trading!
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.
TIA!
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.
AUROPHARMA Reverse Flag Pattern (Short)Short on Daily Time Frame on 11.10.2022
Reverse flag on 1 hourly Time frame
Reverse Flag Details
Pole Start (06.10.2022; 10.15AM)
Pole End (12.10.2022;10.15AM)
Pole target matches with 1:1 Risk reward strategy on daily time frame on 11.10.2022
After trend line analysis and Bollinger band strategy the Risk Reward COMES TO 1 : 4.5
Target- 498
SL- 528
Note: Shift SL to cost once the price crosses 510
Nifty trade plan 19/10/2022 All the details and key levels are mentioned on the chart.
Without sure confirmation don't enter long on the breakouts .
False breakout and Sell off will be a major scenario.
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
KOTAK BANK SHORTSHORT BETWEEN 1804-1807 with slabove 1815
target 1= 1775
target 2=1760
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.
Axis Bank - Will it break or not?Axis bank is continuously moving in a channel. Now it made a bowl pattern at its resistance level from where it can give a 2-3% rise if breaks.
Another point is that we can see a good fall if it faced rejection. It can later go up to the lower level of the parallel channel .
As of today, it closed with good volume if the market opened in a good range then we can see good buying in AXIS BANK, which lead us to the target of 830 from our current position and the second target of 850 (where it previously faced resistance)
If the stock faced resistance then we can see consolidation for some time and that consolidation will decide its upward and downward direction for the downward direction we are having the support of 785 and the second support at 750.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.