LOOKING AT SELLING GBP/USD FROM 1.35675-1.35700Trend BULLISH : we have been in a long term uptrend since the Start of last march we have been making higher Highs on the higher timeframes so we are currently very bullish this is us going against the trend but we can see that we have a gap below that hasn't been filled and also we can see on the lower timeframes that gu has now started its pullback on the higher timeframes like we have been in a strong up trend for some time we are due a pull back
On the lower timeframes we can see a change of trend with ma's crossover also we are being supported by a bearish trend line on 30 minutes chart we can also say we are now starting to make lower lows on the smaller timeframes so we can look for shorts from the best price possible
Looking at selling gu from the area of 1.35700 we have an imbalance in this region this also lines up with the 61% fib which could mean we could see some reaction from this area we have a trend line just above that could act as some resistance
SELL LIMIT 1
ENTRY - 1.35700
STOP LOSS - 1.35850(15 PIPS)
TAKE PROFIT - 1.34500 (120 PIPS)
R:R ; 1:10
REASONS FOR SELLING GU
1. lower/lows (15/30)
2. imbalance at 1.34500
3. descending trend line (bearish) 15/30
4. daily close looking to be bearish (4th day in a row)
5.dxy now looking bullish for the time being
6. p= sells also
IF PRICE BREAKS ABOVE 1.35850 THIS TRADE WILL BE INVALID
We have two targets one of 1.34500 and also 1.33700
Shortsetup
Watch Descending Triangle & M Pattern Break-Out in "Reliance"Reliance , forms "Descending Triangle Pattern" on Daily time frame as well as Looking for completing "M" Formation too.
Above I gave all the details with Stop & target & this could be a nice opportunity for those who want Bears on their side.
This Trade could take time to complete 1:2 ratio, but Those who looking for 1:1 can get in this month only.
you can also research it and post it in the comment section.
Apollo Hospital Multiple Trades, both Long and ShortPossible Gartley Formation:
1. Risky Traders: Can take Short Position @ CMP(2406) to 2427 and anytime below these levels as well:
A. Target : 2339/2340 (Which is a pivot point as well, further better target)
B. Stop Loss : 2430/2431
2. All Traders: Can Take a long position from 2339/2340:
A. Target 1 : 2383/2384, Target 2: (Will be updated later, once trade is ativated)
B. Stop Loss : 2323/2324
NOTE:
1. Very high reward with very low risk in both the trades.
2. Apollo Hospital follows harmonic patterns most of the time, backtested from previous 2 years data.
3. This Post is for education purposes only.
Short Nifty Near CMP AS ON 28/12/2020Short NSE:NIFTY once the 1st fifteen minute candle close other side of Daily Trendline (Blue Line)
SL: 13800 (Above Major Resistance),
Targets: T1:- 13650,
T2:- 13550,
T3:- 13450,
JACKPOT:- 13350, 13250.....
Note:-
1. Please book your Targets near the points not at exact levels.
2. Stop loss should & must be there. Once the price level cross the T1 and sustain, you may trail your SL on entry price to secure your trade.
3. Avoid making Large positions on LEAVERAGES. It is a dual bladed sword; May enhance your profit but can dig you to the great losses too.
Be alert & Happy Trading.
Educational Purpose Only
VOLTAS due for CORRECTION or NEXT LEG UPVOLTAS is making a rising wedge pattern.
The obvious move will be a break down of the wedge as suggested by the Divergence on RSI.
Since price is moving up but momentum is slowing, a correction is expected.
This is a short term market move and post a 3-5% correction, stock will continue it's uptrend or go into consolidation.
Short below 820.
Target 1- 800
Target 2- 784
STOP- 830
NOTE:- Trade at your own risk.
ITC | round Top formation | Short Setup 🎯=====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
Although RETRACEMENT IS PENDING !!!!!!
--sell below =213.45 or CMP
--Target = 208
--Stop-loss = 215
--Lot Size = 3200
--R:R = 2.48
--Expected Profit = 17,000 ₹ per lot (2.55 % )
--Expected Holding = 1 day only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) ITC has formed the round top setup
2) Volume is more than sufficient i.e bearish candlestick pattern
3) time correction is done ...now price is correcting
4) Resistance break
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Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
Nifty 50 giving many signs for a Bearish break- Nifty 50 has been in a strong up move from several weeks and days. Everyone is expecting a correction. and this analysis shows
the study which shows that Nifty 50 is preparing for a down move.
- throughout it's upmove nifty 50 has gotten into a tight range now making a rising wedge pattern which has a high probability of breaking down and high profitability.
- Along with it has also formed a double top at the resistance of the rising wedge
- My 3 point is that as per the elliot wave theory nifty 50 has completed it's 5th wave and is ready for a correction
- Last point which supports the bearish claim is the RSI divergence which can be clearly spotted with a naked eye in the chart.
I believe in keeping things simple and accurate rather than filling up the chart with a lot of Noise.
If you found this analysis insightful and helpful please give it a like and leave a comment if you have any doubt or for discussion
I would love to hear your opinion on this analysis.
Thank you.
Coal India | Head & Shoulder Pattern & Breakout !!!!NSE:COALINDIA
Swing Trading opportunity ! 15min Chart Alert !!!
--sell below =113
--Target = 128.90
--Stop-loss = 135.50
--Lot Size = 6100
--Expected Profit = 25,000 ₹ per lot (3.12 % )
Technical Reasons to trade :- 🧢
1) Coal India has formed head & Shoulder Pattern
2) Volume is more than sufficient at the time of breakout
3) Trendline break & soon downtrend is going to start
Guys check out the related ideas as well, it will worked really well!
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✍COMMENT Below your view !
DMART BEARISH POLE & FLAG PATTERN 15MINWe can see a bearish pole & flag pattern in DMART on 15min timeframe. On Monday, if the opening price of DMART is in the range of flag then you can short DMART for intraday when there will be pattern breakdown alongwith good volumes. You can enter the trade when price crosses the low of breakdown candle. Risk management is the key. Always plan you SL before entering a trade. The SL for this trade should be the nearest swing high. Happy Trading!
BAJFINANCE CHANNEL IN 1HRBAJFINANCE is currently trading in a channel in 1hr timeframe. It is testing the support of the channel for the 5th time. There are chances for BAJFINANCE to breakdown the channel ( not 100% guaranteed ) and take support around the horizontal lines which are placed around 4500-4650. If there is a breakdown confirmation alongwith volumes then you can SHORT FUTURES or else wait for it to show reversal signs near support and plan for positional trades.
AUROPHARMA RISING WEDGE 1HRAUROPHARMA is in a rising wedge pattern & as it is mostly observed the rising wedge pattern breaks on the downside ( but it is not guaranteed ). If it breaks on the downside the horizontal lines will act as a support and any reversal candlestick pattern near the support can prove to be a entry point for a positional trade. If you trade FUTURES then you can short AUROPHARMA when there is a pattern breakdown with volume confirmation. ( Feel free to share your thoughts, if any )
IBULHSGFIN Long and Short ideaIBULHSGFIN is trading in a Rising Channel and making HL
Looks Good for long above 198.80 Level (Green Line)
In Case of Breakdown it is Weak Below 190 Level (Red line)
Between Green and Red Line in No Trading Zone.
LUPIN can go downLUPIN is consolidating in a narrow range and a big move is coming.
Short on the breaking down of the wedge for targets of 3-5%.
Stop Loss should be placed anywhere above the lower trend line of the wedge.
There are chances of breakdown and re-test hence keep patience for smooth down move.
Any weakness in Index will be cherry on the cake.
Charting is quite simple. Do take care of moving averages and indicators to book profits.
NOTE:- These are my personal views and you should do your own analysis for trading/investing.