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
Shortsetup
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.
GOLD BREAK OF BULLISH MARKET STRUCTUREXAUUSD just broke bullish market structure. It failed to break Higher high and created a double top which will be confirmed as it breaks below 1705.
Will be entering short as it breaks below 1705 and confirms it on hourly chart TP 1 will be 0.5 Fib which is 1672.05 and TP 2- 1658.42. will go for TP 3 1617 if it breaks below golden pocket of 0.618.
My SL will be 2%
I'll be entering short only if it actually confirms the double top by breaking below 1705. that will confirm market has actually flipped to bearish
Bearish View On SGX Nifty SGX Nifty Trading Negative Side As Per Price Action
SGX Nifty Immediate Resistance is @16982
Second Resistance is @17053
If SGX NIFTY Crosses Above @17053 Then It Will Turn Bullish For Tomorrow Only
SGX Nifty Support is @16025 SGX Nifty Breaks Today's Low @16011 Then It Will Fall Upto @16861 Then It Will Consolidate For Some Time Then It Will Breaks Towards Down Side So You Need To Do Short Sell Don't Buy Call Options On Bear 🐻 Market But Put Options And Sell Call Options It Will Gives More Profit
• DISCLAIMER :-
• Iam Not A SEBI Registered Analyst
• If You Take Any Position Consultant Your Financial Advisor
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.
Dabur short Intradayshort dabur 565 Sl above 570
target 551
R:R 1:3
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.
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
Shriram Transport Finance (Short Setup)BEARS to Attack SRTRANSFIN!
A Head & Shoulder Top Pattern is visible
+
EW count says 1 of (C) done as the 'v waves' marked
2 of (C) done as rise from 23rd August Low is overlapping
Now 3 of (C) down should start
CMP= 1324
TARGETS:
T1= 1260
T2= 1235
STOP LOSS > 1400