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Trend Following - Shorting A Rally - Risk/Reward 1:6 Trading Philosophy - Trend Following Trading Strategy - Shorting a Rally in The Downtrend. Trading Set-up - Retracement - Resistance - Chart Pattern Entry - Short at 1210 Stop-loss 1257 Target 974 Risk/Reward 1:5 Why short? Price retraced to 1237 (0.50%) of its previous swing. (1579.60 to 895.15) Price is trading in Resistance Zone. Anticipating price action making a double top chart pattern. How I Set Stop-loss - Price broke the previous swing high, and trading below that level. Today's high is 1257, set as a stop-loss. How I Set Target - Expecting to price to resume the primary trend and may take a deep retracement at 0.78% of this counter-rally which is at 974. 50% Retracement & Anticipating Double Top Chart Pattern Support Becomes Resistance or Supply Zones
NSE:ACCShort
by Equity-Earningz
(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