Shortterm
DAILY SWING CALL // Thursday 3rd of June 2021 // NRBBEARINGDAILY SWING CALL // Thursday 3rd of June 2021 // NSE:NRBBEARING
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 118.9
TARGET: 137+ (15% Around)
STOP LOSS: 107 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
IOLCP Trend AnalysisIolcp has been in a downtrend for a while and it witnessed a trend reversal few weeks before, it made a high at 726 and saw a rejection to take support at 643 in today's session, it may rise stronger as it's a strong level, a deeper stoploss and targets are mentioned in the chart.
COAL INDIA LONGA cup formation can be seen on the daily charts of Coal India. A handle formation is expected. A short term profit trade can be taken, expecting that formation of the handle will benefit us. (OPEN THE CHART FOR DETAILED VIEW)
RSI shows positive growth with momentum
MACD showed a bearish crossover recently, but current momentum shows that we may see a bullish crossover soon
LEVELS
Entry: CMP (149)
Target: 155 (One small target as there is no breakout or any pattern formation here. Just a handle formation will benefit us. Breakout after cup and handle formation is another idea)
STOP LOSS: 146
Risk-reward ratio PERFECT
Positive point: Coal India is expected to declare its earnings tomorrow. Hence, a BIG MOVE can be seen anytime soon!!
I would recommend going long on COAL INDIA for a very short time (4-5 days) as this is just a quick profit trade with just a handle formation.
Thanks
FOLLOW IF YOU LIKE THE ANALYSIS
ORIENTBELL Long Setup (BreakOut Trade)NSE:ORIENTBELL
Entry around 255-260
Stop-loss 233 Daily Closing Basis
Target 280, 300++
Orientbell has taken multiple time Support on Long term trendline
Has formed cup pattern also
Given good Breakout of Cup pattern with a very huge spike in volume
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
MOTHERSONS Breakout Trade Long Setup NSE:MOTHERSUMI
Buy Around 235-240
Target 270, 285, 300++
Stop loss below 224 on Daily Closing Basis
Mothersumi has retraced 50% from the top and reclaim all its gain.
Has formed cup without handle
Given Breakout of Cup Pattern
Good risk-reward trade against 26 points Sl against 60 Points target
Price, Volume, and Momentum positive
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
ACCUMULATION WITH PRICE ACTION AND VOLUME PROFILE (1D)(LONG)Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. Most of the times a breakout/breakdown from the region confirm accumulation or distribution.
In GUJGASLTD since the rally began, current volume levels are comparable to previous volume levels when previous accumulation had happened. Current region was sideways for a considerable amount of time. So a confirmation was necessary. And it gave a breakout above the resistance line , for confirmation , ATR(14) ( Average True Range ) was used as a buffer.
So a confirmatory breakout has happened in 1D timeframe
ENTRY:
Entry can be taken at 1H timeframe after the probable retracement or at Current Market Price at 11am
Target:
Since the current volume are comparable to the pvs rally it makes sense to assume the expected rally after current accumulation, to be of equivalent magnitude, So Fib Extension of 100% is the min Target Level. Its a provisional target level, since it is at a all-time high.
EXIT
Periodically Trailing of Stop-loss with moving average in 1D tf or when RSI Bearish Divergence is observed in 1D timeframe can be used as exit criterias.
Since the target is above all-time-high , so exiting at the target doesnt make sense. Rather better to hold the position till either the stop-loss is hit or RSI Bearish Divergence is observed.
STOP-LOSS
Stop-loss Can be Placed at the Support of Accumulation Region
**DO FOLLOW MY ACCOUNT FOR REGULAR QUALITY SETUPS USING PRICE ACTION AND VOLUME. YOU MAY ENABLE EMAIL NOTIFICATION TO NOT MISS ANY IDEAS**
**PLEASE COMMENT REGARDING THE ANALYSIS, IT'LL BE HIGHLY APPRECIATED**
**THANKS** NSE:GUJGASLTD BSE:GUJGAS
💡Don't miss the great sell opportunity in Gold (XAUUSD)
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1897).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 27
Take Profits:
TP1= @ 1875
TP2= @ 1848
TP3= @ 1828
TP4= @ 1797
TP5= @ 1762
SL: Break Above R2
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Grasim Industries Ltd 1DAY TIME FRAME
Grasim Industries Ltd
POSITIONAL
01-06-2021
TIME FRAME :1DAY
ENTRY : BUY ABOVE 1475
STOP LOSS :1420
TARGET :1482/1518
-----------------------------
Note: we are not SEBI registered investment advisor. don't take any decision individually.
kindly do your own research or consult your financial advisor before taking any financial decision.
JSW STEEL 1 HOUR TIME FRAME JSW STEEL 1 HOUR TIME FRAME BREAKOUT
JSW STEEL(POSITIONAL)
01-06-2021
TIME FRAME :1HOUR
ENTRY : 705-706 OR 714-175
STOP LOSS :
TARGET :729
-----------------------------
Note: we are not SEBI registered investment advisor. don't take any decision individually.
kindly do your own research or consult your financial advisor before taking any financial decision.
SHALIMAR PAINTS looking very strong on charts#Chartoftheweek
SHALIMAR PAINTS looking strong on charts
Could be a good buy candidate for this week if sustain above 120
Keep eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Asian Oilfield Services - feels like accumulation✔✔💢Asian Oilfield Services ltd another gem💢
risky players can consider @cmp,then add @dips
safe players add@85-90 range or wait for breakout
strict sl below 80🙏
trgt 140-180-200 ++🎯🎯
Reasons for this buy👇
🧩chart looks good ,feels like accumulation.(long consolidation period)expecting a breakout at any time.
🧩Company is almost debt free.
🧩low risk high benefit entry.
🧩good q4 expecting.
about the company ✨
Asian Oilfield Services is engaged in the business of oilfield service Company and reservoir imaging company, offering a suite of geophysical services specialising in land and well seismic services and operation and maintenance services for oilfields.
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