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(Intraday/ Positional Trader) Short! TCS Not Ready Yet 1. On Drawing AB=CD Pattern on Day Chart. 2. TCS took the reversal from the 0.618 level from Pre COVID 19 Price to Recent Lowest Price. 3. For the Complete formation of AB=CD Pattern , Assume BD=1.27. D Point Form at Rs1537. 4. On Recent , Descending Triangle Formation on 30M Chart. 5. Intraday- Sell Below 1880 Target: 1874, 1856 , 1833 Stop Loss :1890 6. Positional Trader: Sell Below 1880 Target :1807, 1730 , 1653 , 1635 Stop Loss: 1890 (Please Trial the Stop Loss Because Targets are too High) IF YOU LOVE THIS STUDY PLEASE LIKE + COMMENT. IF YOU WANT MORE STUDIES FROM MY SIDE PLEASE FOLLOW MY PROFILE
NSE:TCSShort
by B-Power
#LETSTALKABOUTMARKETS- NIFTY AUTOAs we can see Nifty Auto is trading in a rectangle pattern. A strong support is placed at 5000 level making it a psychological level as well. Nifty Auto seems to be moving in a sideways pattern. 1. A sustainable breakout above 5500-5600 will give this index a new leg. 2. The current Bollinger Band trend shows that the volatility is reducing. 3. RSI retraced from the level of 60 which acted as a resistance. The momentum seems to be weakening. 4. It seems to be taking support at the mean level of BB, and any weakness from here can take the index to the levels of 5150-5050. 5. Nifty Auto may underperform in the coming days and test its support zone.
NSE:CNXAUTO
by je_sh
#LETSTALKABOUTMARKETSThis maybe an old school approach as you may say but this is something that everyone can understand. My analysis is based on volatility(BOLLINGER BAND) and momentum(RSI). Here what my analysis is that, Nifty is trading in a sideways pattern after breaking the rising wedge . A positional trade can be taken with a healthy risk/reward ratio. One can keep 9450 as stoploss and short Nifty for targets of 9000-8800. Nifty has not been able to surpass the fibonacci retracement level of 38% in the past 2-3 trading days. If the resistance level is taken off then 9000 will be the support point and that resistance level will be the second support point. RSI has also retraced from the 60 levels indicating resistance at that zone. RSI above 60 on a daily time frame indicates bullishness. Resistance at 60 and falling shows reversal. According to Bollinger Bands, close below the mean level(9195) i.e the 20 day moving average can make Nifty test the lower band which is the support zone of 8800.
NSE:NIFTY
by je_sh
1
Short! Reliance 3 Drive Pattern Or Double Top 1. Volume Analysis: After 24/4/20 Volume on Reliance day Chart has been keep on decreasing with the rise in price. So, it mean Institutional investor or trader are not bullish on this stock. 2. On 7/5/20 , Reliance Close the price at Up moving 3 Drive Pattern on hour chart and complete the same with 1.26 level ( Near to 1.27 Fibonacci level). Rising Wedge Formation. 3. Today's Close price at major Resistance level from hour chart , It may form A Double Top Formation from here. 3. For Safe Trading Sell Below 1457 Target: 1434 , 1424 , 1400, 1360 ( 1363 will be the 23% Retracement level. If we assume today price is the peak price from the last bottom) 4. Risky Traders - Intraday : Sell Below: 1486 Target 1468 , 1457 SL: 1506. 5. Positional Traders: Please Trail the Stop Loss IF YOU LOVE MY STUDY PLEASE LIKE IT. IF YOU WANT MORE STUDY LIKE THIS FROM MY SIDE PLEASE FOLLOW MY PROFILE HERE
NSE:RELIANCEShort
by B-Power
Amaraja Batteries Negative Divergence on 4H ChartsOne can trade position easily on the break of trend line with your risk reward ratio As per my Inspiration,Mr Mitesh Patel, When you know the stock is going to fall, dont just keep watching, take some action at least as per your risk capacity. 1) Short in Cash 2) Buy Put 3) Sell Call 4) Short in Futures Remember to follow Money Management Trade as per your risk capacity. Even i am learning along with you. Dont trade Blindly
AShort
by kapilvaidya1
Infy: Chart view & strategyInfy Observation 675 minor resistance 691 - 696 - Critical resistance zone.. Consider selling if you see price rejection around resistance levels. Targets mentioned in the chart. Momentum on the downside might be seen if Infy closes below the 1st target of 637 ------------------------------------------------------------------------------------------------------------- Alternatively consider selling Infy 28-May expiry 700 Call option Lot size 1200 Price around 20-25 In built loss protection for a rise in Infy price up to 720-725 in cash market on 28 May 2020. Max profit potential Rs 24000 - Rs 30000/- per lot Take care & safe trading...!!! Follow
NSE:INFYShort
by indiamarketoutlook
3
Adani Enterprise (pennant and Flag pattern in downtrend)Adani Enterprise has given a breakout from pennant in its downtrend meaning the downtrend will continue from here. CMP: 134.65 Targets are 117 and 112 with Stop loss (152.45), Target 3: 80, after falling below 112 you should start trailing stop loss strategy to maximize profit. After reaching 117 revise stop loss to 134 (sell price), than I would suggest to trade keep this with trailing stop loss. Let me know If you agree with my idea.
NSE:ADANIENTShort
by AnkitSalgia
GOLD Double Top Oportunity Weekly chart - Strong buying pressure Daily chart - Potential double short Hourly chart - pushing back to tesst top resistance once more If it rejects this top level again we are in a good way for Double top setup We will have to wait and see how price reacts to the 143 price level, If you want you can play agressive with a shot pending order on the 143 level and a ver short stop loss right above this resistance. Price might bounce back really fast and you will miss this opportunity
TVC:GOLD
by Hybriss
Short USDINR Downtrend Continuation Day 2Sometimes simplicity is just the key to success. Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis. A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a confirmation for Downtrend Continuation . With this knowledge and waiting for a price action on charts can give you better results. RSI also gave a confirmation which increased the probability of success. You do not need advanced knowledge about indicators and patterns for this. Analyse the given Entry point, SL, TGT, S&R . Most importantly just try to Trail SL below your entry point whenever possible. #Tgt1 achieved easily and RR more than 1.5 (PS: Couldn't post earlier due to technical isuues) This explanation is only for educational purpose and isn't any kind of recommendation. Don't take any action based on this explanation itself. Consider your financial advisor before taking any trades. Thanks for your time. Happy Trading and Learn something new Everyday.
UEducation
by Trader_Tech