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
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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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✍COMMENT Below your view !
Shortsetup
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.