McDowell: bearishStock is taking a zig-zag correction. Any bounce should be taken as selling opportunity preferably in the region of 825 with SL of 860 and look for the target of 725/680
Stockmarketindia
Nifty triangular formation on daily time frameHelo, do you think about nifty triangular pattern. I have noticed it on daily basis timeframe. Nifty has formed a triangle pattern, if we consider some previous days chart on daily basis. Yesterday i saw this formation in Tata motors also. Do you think, these will be able to come out of the box ? I f it happens, should be considered as breakout in connection with that drawn box. You may see a upside in upcomming some sessions. Let it come out first. Be aware and stay connected.
Note : Views are personal and just for learning purpose. You should examine the mentioned and noticed things during live market or later.
ADANI ENTERPRISES: ZIGZAG CORRECTION Stock has given a fall in 5 waves and bounced in a three wave sequence. After the bounce rejected well & broken the support in today's session. This indicates stock is ready to fall further on the downside . One should go short with SL of 1740 & look for the target of 1600/1580-60
JHS SVENDGARD : Long Term InvestmentJHS Svendgard Labs is an oral care products manufacturer. After showcasing strength and emerging from a week long compression, we have returned to the origin of the impulse. Any reaction from our Point of Interest will give a good opportunity to look for positional/investment based longs with SL below the previous swing low on weekly timeframe.
Disclaimer : This is a educational trade idea, not a tip. Do your own research.
Mayhem in NIFTY!!!Global news impacting the market. Nifty gave a gap down opening from its previous close on Friday, 11 Feb 2022.
Fibonacci Level 17055, which was acting as support, is now serving as Resistance. The next strong support level as per Fibonacci Chart is at around 16700.
Gann Square of 9 support levels is at 16950.
SuperTrend, Heiken Ashi, and Follow Line Indicators are in deep red in 5 Min, 15 Min, 30 Min, 1 Hr, 4 Hr and Daily charts.
HEROMOTOCORP: Correction aheadAfter rising in an impulsive manner & a thrust after a triangle suggests that stock has completed its impulse move of wave 1. Post this stock is likely to give three wave correction of which we have already seen wave A & B. One should go short on the stock keeping SL of 2817 & look for the target of 2625/2580 in the coming session.
HINDALCO: Prepared for a new highStock is rising in an impulsive manner and currently riding in a 5th wave of higher degree. One should buy the stock with stop loss of 500 & look for the target of 550/580.
Amar Raja Batteries : Positional CallAmar raja Batteries : Positional Call
Keeping EV segment in mind, Right time to enter the stock after double bottom, stock will slowly start moving towards its recent highs.
Keep watching
GAIL looks Good for BreakoutGail Looks good for Breakout, can show good upside
Good strength in stock
keep watching
sonacoms : Rising from Demand ZoneSona Comstar started rising from Demand Zone can show good upside.
Perfect Swing trade contender
looking good for Marutiready for head and shoulder pattern breakout
cmp 7426
add till 7000
tgt 10000
long term
Looks good for Medium to Long termStock has shown support at Fibonacci 61.8% retracement level along with good volume at this level.
Dislcaimer: View for Educational purpose only, not to be taken as trading/investment advice.
HCC: TRAILING SL HIT AT 40%Hello Traders!
This is another follow up trade for HCC which was published on 9 Dec. As per my analysis the TSL hit on Friday. Achived 40% in 1.5 months. Not bad! RR captured is 2.28. That is more than 2 times of the risk taken.
Trade closed.
Sometimes the target may not hit. We have to act according to the price behaviour. From here price may consolidate for 1-2 months and then again it may go up and hit the target. But in swing trading time is more important than the target. As we all know 'TIME=MONEY'. We can invest that money in another stock which have higher probability and save the time as well. You can consider this too as a part of risk management and this is how profits can be booked with confidence without having emotional. This is how emotion is dominated by technique and discipline.
I hope this gave you a good insight of 'how to take discussions keeping aside your emotions.
👉Press the like button if you learn something from my analysis and feel free to comment below.
Tata Elxsi Brkout awaitedThe dly chart of Tata Elxsi shows a resis at 6099
A valid brkout abv it is likely to take the prices on the upside.
Can touch app 6600 - 6700
However is prices continue to move abv 6750.......it will likely carry on the upside.
The stock has been in bullish momentum and this brkout may prove to be yet another entry point for those who missed the previous bull run.
Trade as per price action.
EICHER MOTORS: Impulsive moveStock is rising in an impulsive manner and currently is in 4th wave. One should buy the stock with SL of 2560 & look for the target of 3000-3050.
TATA STEEL: Bullish ReversalStock has violated the triangle scenario & broken the previous swing high. one should go long with SL of 1180 & look for the target of 1280/1320-50 zone
Long on TCSStock Should bounce back to 3700 levels.
Disclaimer: Education Purpose view, not a trading advice.
Educational View: BankNifty Buying Level at Trend LIne SupportMarket is in Bear's Grip -- Bank Nifty has to play the role of Savior this time.
Disclaimer : Only Educational View: BankNifty Buying Level at Trend LIne Support
#breakouts trade here you can see a price range breakout with decent volumes price movement will be frequent
ZYDUSWELL : Ascending Triangle PatternAn Ascending triangle pattern found on Zyduswell. Wait for Breakout and Retest.
GLENMARK ANALYSIS 27 JULY 2021As per price action we have seen heavy rejection from high level.
We have seen 14 percent downside in just 1 week also Glenmark broke 50 EMA.
Now Glenmark standing at support area 580 to 590 good buying area zone. wait for good lower price rejection then we will make good buying entry. If any case 580 level will break then we can see down side move upto 550 and 550 200EMA.
BERGER PAINTS: Bullish Triangular waveBuy on dips near the level of 770 , keep sl of 740 and look for the target of 840/870's .
