Shortsetup
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
SRTRANSFIN At ResistanceSRTRANSFIN look for any candle stick reversal pattern to go short
Levels mentioned on chart
Asian paints- Selling Pressure- Daily ViewThis is a continuation to the earlier analysis of Asian Paints weekly chart
Gann Analyisis of price suggest that the recent bounce tested the 1/8 angle and failed to cross above
The lower level targets as per Gann coincides with important structure levels as well.
BANKNIFTY - expecting a Reversal in upcoming session(s)Expecting BNF to reverse around the RED line.
Can be entered around 20900 Spot, with an SL above 21250 and TGT1 at 20300, TGT 2 at 20000
Disclaimer: These are just my views - do NOT trade blindly with these levels, please do your research before entering.
Note: All the values given are in Banknifty spot price chart
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
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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
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.
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
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.
Evening Star Formation on the card for Aurobindo Pharma!After a long bullish candle, today a doji is formed with high volume which means uncertainty in the market. Profit booking might be happening and tomorrow we may see the bears getting into the market. Short tomorrow at the bottom of today's doji. RSI is also at 75 suggesting over bought condition.
JSWSTEEL - Metal sector is weekJSW Stell is trading in channel from past few days and currently formed bearish engulfing patterns as metal sector is weak.
It formed minor support at 165.
Incase if breaks this level, we can expect further downside upto 155 levels, but incase if bounce from the support level .. look for long above 172.
SRTRANSFIN - Bearish / weakSR Transport Finance - repeatedly getting rejected from the same level of resistance.
Currently formed bearish engulfing with good volumes and
Below 682 - can expect good downside ... upto 657 levels.