Characteristics of chart :-
1. Flag and pole pattern.
2. Volume contraction pattern.
3. Accumulation zone.
Additional benefit of support from 20 EMA.
Stock is ready for breakout with buy levels triggering
above 212 .
Stop loss 199
Risk:Reward - 1:3.8
TRADING WATCHLIST FOR W/B 6-9-21
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.
ON MY WATCHLIST FOR...
SL- 309 (close)
- On crucial 200EMA support
- After breakout good consolidation occurred
- Closing above 333, can add more
-Trendline + Support + 200 EMA confluence
- Strong fundamental company
- Delivery Volumes have been have been impressive
- RSI divergence can be seen on 4H tf
Small caps 100 index has fallen nearly 11% reaching a decisive point in its fall. The price is currently resting on or near the daily timeframe's uptrend line (support).
The RSI is also at 30.14, which indicates a over sold signal and we may see a bounce very soon. The potential reversal zone formed by ABCD pattern's 1.618 and 2 fib extension acts as a demand...
its an small cap stk. but in strong uptrend.
good High Risk Reward setup.
put SL- 390-392, and enjoy ride if not SL not hit.
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
- Trail SL at 117 zone on closing basis
- Trend intact till 100 level
- Trendline + resistance break around 117 zone with huge volume makes it good level to eye for a potential reversal
#investing #Nifty #smallcap #StockMarket #trading
- In trending market the index has taken major supports from 50ema multiple times
- Next support zone if 27000 is broken on closing, next support on 26500 levels
- Oscillators also going near OS zone, keep an eye