ASIANPAINT SHORTENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Shortsetup
ICICIBANK - EW - Short time correctionStock is trading in Impulse on Major (Weekly and Monthly) Timeframe.
Currently, trading in a short-term correction. Retracement levels are marked on the chart.
4 wave of Major 5 is going on.
Expected to complete short-term correction in max 2 weeks and again start up move.
The analysis is only for educational purposes. Please trade at your own risk
APOLLOTYRE Bears Getting Ready to Roll it Down!!!!!Chart pattern looks prudent and paving way for the above titled short view
REASONS
1. Apollotyre has been trading inside the Expanding Triangle ( shown below - Monthly wholesome view )
2. Now, it seems it has finished the upswing move and ready for downswing inside the channel .
3. Weekly time frame shows the Ascending channel in which it is travelling smoothly respecting the levels.
4. Shooting star weekly candle at the perfect trendline resistance adds probability to the Short view
5. Strong DAY close above the shooting star candle can be the perfect stop loss(if entering now- bit high risky) & Target levels too mentioned as bright dashed green lines .
6. This is a long term view. ...it needs to breakdown out the purple trendline(which we can expect in next few days) and then out of the yellow channel
7. Breaking down out of the Yellow channel can be the confirmation for less risky entry.
Remember, Apollotyre is one of the Most volatile FnO stock (more than twice of nifty) and we can expect the same nature in future too
will update as it moves!!!
NOTE- Just Sharing my view...not a tip nor advice!!!!
Ethereum Giant Head and Sholders
[Ethereum equals BTC in a dangerous head and sholder formation.
Losing there in the region of $1,680 breaks the neckline.
I put the measure move of the high leg of this head and holders, vertical line in red and it's coming to $1,240 and it seems exaggerated but that's it.
Now we are looking for the $1.700 region and it won't be good to miss it.
After that the more coherent target and the $1.390 and below it loses the bullish structure.
Maximum attention is for the S&P500 that will dictate the next chapters.
sell zone nifty again entering into the profitbooking zone .after making good bul run from 17800 nifty stated showing more red candle than the green candle which is indicating either profit booking or market is prepareing for a big move in either direction. hence is caution to be long without strict stops.
PVR Inox- CashPVR-Inox setup for next 2 weeks in cash.
Looks like Support level of PVR at around 1492-1480 is broken and the price has come for retest.
Will create a short position here for target of 1380-1365 with a stop loss at 1492 .
The company has weak fundamentals. The covid period has disrupt the company's earnings and booking negative profit as of now. Since PVR-Inox is the largest multiplex chain in india and the covid situation seems to getting normal, I believe the company will do better in future.
NIFTY IT has built a weak patternNIFTY IT - be very very very cautions on positions. this index setup is looking really dangerous. Longs are advised only above 29400.
If this scenarios gets played out, there other possibility is that it keeps consolidating for 2-3 years between 29400 and 27600 band. That will cause opportunity cost.
Use discretion!!
BERGERPAINTENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Syngene International - A Perception TradeThis is a very good opportunity for new comers to learn market behaviour and see how price behaves in the market from inflection points.
Marked areas are inflection points for the stock.
Two types of trades possible here.
Sell at the resistance with potential sellers or wait for them being taken out and buy the strong breakout on the upside.
There are always two ways of looking at a trade. Also an important point is to look at the market from the buyers and sellers POV.
Will update as how the trade plays out. Look to trade of the daily charts. Have shared weekly charts for more clear charts and price action.
Disclaimer - Please trade as per your risk appetite. Do not look to risk your entire capital. I am just sharing my thoughts and ideas in the market and will not be responsible for any profit or loss. Please do your due diligence as well.
Polycab - At crucial levelThe stock has reached the breakout level according to the setup shown on the chart. May test 3250-3260 once. If does not sustain above, may come down to 2970/2850. All levels are indicated on the charts.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.