SWING TRADE #3 SANOFI INDIA LTD SANOFI INDIA LTD
Price had took support near 100 Days EMA, and crossed 20 day EMA and 50 day EMA gives bullish signal for this stock, one may take trade based on his/her risk appetite for swing opportunity.
important levels are
entry range : 7760-7800
stop loss : 7700
target :
1st: 8150
2nd: 8400
Stockmarkets
Apollo Tyre for long entryNow Apollo Tyre stock has started the uptrend & on daily TF the same is trading above the 50 EMA level. Now currently stock is at the daily BO level of 115. We can take long entry above 115 for the next target level as 129 indicated on the charts. Once the stock successfully cross the level of 135 we can see more strength . So add the stock in your watch list & wait for the clean BO in upcoming trading sessions.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
PERFECTLY UNDERSTOOD MOVE ON FRIDAY TOADY FRUITUL RESULT!!HOW I FACED MARKET TODAY ON PREVIOUS DAY MANIFESTATION OF MARKET MOVE BEFORE IT HAPPENED.
1. ON FRIDAY EVENING I DISCLOSED IN MY POST THAT I CARRIED MY POSITIONS IN LONG SIDE. YOU ALL KNOW I CARRY ANY POSITIONS, I OPEN IN FRONT OF YOU . SOTHAT YOU CAN AUTHENTICATE MY STATEMENTS WITH THE REACTION OF MARKET NEXT DAY.
2. WHEN BNF OPENED GAP UP NEAR THE END OF LOWER ZONE , I BOOKED MY POSITION IN FIRST TEN MINUTES. SINCE I WORK IN OPTIONS SO I DO NOT WANT TO LOOSE PREMIUM. AS YOU ALL KNOW IT DECREASES VERY FAST IN VOLATILE MARKET. WHATEVER REASONS I SHARE WITH YOU KEEP THAT IN MIND FOR YOUR TRADING.
3. SEE THE WHITE COLOR ZONE GIVEN LAST WEEK, HOW IT WORKS EVERY DAY. I CIRCLED IN PINK. ON THRUSDAY IT SPENT ALMOST THREE HRS AT UPPER END OF ZONE. DESPITE HAVING GOOD MOMENTUM COULD NOT BE TAKEN OUT. THERE IS DIFFRENCE BETWEEN TAKEN OUT AND BREACHED. TECHNICALLY YOU ALL HAVE TO UNDERSTAND IT. NOW ON FRIDAY LOWER END OF THE ZONE ACTED AS RESISTANCE. EVEN PRICE COULD NOT BREACHED IT. THIRD DAY MONDAY SPENT ALMOST FIVE HRS BUT COULD NOT BE TAKEN OUT. SEE THE ACCURACY OF ZONE GIVEN FEW DAYS BACK WHEN THIS MOVE WAS NOT STARTED. THIS IS THE SKILL TRADER SHOULD KNOW HOW TO CALCULATE THIS IN YOUR ANALYSIS. TODAY ALSO I CARRIED LONGS. LET'S SEE MARKET BEHAVE TOMMOROW.
4. YOU MUST HAVE NOTICED THAT TODAY BNF FOLLOWED HALF PART OF GREEN STRUCTURE I SHOWN IN PREVIOUS POST. REST WILL BE COMPLETED TOMMOROW.
TRADING PLAN FOR 28-4-20
1. TWO STRUCTURES HAVE BEEN GIVEN IN FIG. ONE RED AND OTHER WHITE. IF GAP UP OPEN THEN RED WILL PREVAIL . ON OTHER HAND IF GAP DOWN THEN WHITE WILL WORK.
2. BLUE IS THE SENTIMENTS CHANGING LINE , IF BREACHED AND DOESNOT RECOVER IN 10 MINS THEN LONG SHOULD BE SQUARED OFF. ONE SHIOULD WAIT PRICE SHOULD COME NEAR GREEN LINE OF CHANNEL . IF TAKE SUPPORT AND MAKE SUPPORTIVE CANDLES THEN LONG CAN BE INITIATED . ON BREAHING OF GREEN CHANNEL DOWN SENTIMENTS WILL CHANGE TO DOWN SIDE. THEN I WILL FIND DOWN SETUP. AS TOLD SEVERAL TIMES TRADING IS THE GAME OF CHANGING SENTIMENTS. SO ONE SHOULD ALWAYS KEEP THIS IN MIND WHILE TRADING. IN NEAR FUTURE HOW BNF WILL REACT THAT I HAVE ALREADY SHARED IN YESTERDAY POST. THOSE MISSED CAN SEE SUBLE ANALYSIS .REST MARKET WILL DECIDE.
YOGESH VATS
HOW NIFTY WILL BEHAVE IN NEXT WEEK SEE COMPLETE ANALYSYSLAST WEEK I SHARED THE SAME SETUP OF DAILY CHART , PRICE IS HOVERING IN YELLOW CIRCLE.ONE WHITE COLOR SUPPRT LINE IS INTACT. A UPWARD SLOPING CHANNEL IN GRREN COLOR IS INTACT. TILL PRICE REMAIN IN THIS CHANNEL NIFTY IS SUPPOSED TO MOVE UP SIDE. IN ANY CASE I F GREEN CHANNEL IS BREACHED THEN LONG POSITIONS FOR THIME BEING SHULD BE SURRENDERED. ON THE CONTARY ONE SHOULD WAIT OR PRICE TO COME NEAR WHITE SUPPORT LINE TO FIND BUYING SETUP. ONLY THEN RE-ENTER IN LONG. IN ANY CASE WHITE SUPPORT IS BREACHED THEN DOWN SENTIMENTS WILL FLOW . ONE HAS TO FIND ENTRY IN DOWN SIDE. SINCE CANDLES IN YELLOW CIRCLE ARE IN CORRECTIVE STRUCTURE SO CAN POSSIBLE MARKET TEST GREEN CHANNEL LINE THEN START MOMENTIUM IN UP SIDE. NEXT WEEK SHOULD BE BULLISH . FIRST TARGET IS LOWER END OF WHITE RESISTANCE ZONE.
THE CANDLE MADE ON FRIDAY ,IF THE HIGHT OF THIS CANDLT IS BHREACHED THEN LONG SHOULD BE TAKEN. WITH THE SL OF MONDAY LOW. FOR SHORT ENTRY THE LOW PREVIOUS CANDLE IS BREACHED AND RED SUPPORT IS ALSO BREACHED THEN HIGH OF MONDAY CANDLE WILL BE SL TO WXECUTE SHOETS. IN MY POST I DISCUSS ALL ENTRIES WITH SPECIIC CONDITIONS THAT SHOULD BE STRICTLY FOLLWED . TRADING IS A GAME OF PROBABILITY . MARKET HAS POTENTIAL TO CHANGE ITS SENTIMENTS ANY TIME. IT IS THE GAME OF DIRECTION PLUS TIMING. REST MARKET WILL DECIDE.
Potential buy at 1800-190045% correction from top and a fast retracement
Applies to a bottom at 1800-1900.
Huge potential stick for mid term and long term.
HEG - Clean Bowled At the Top 4550 (Current Price - 1040)What a fall as suggested to be careful close to the tops of 4550 -just surpassed & made new high to only trap the bulls - post the idea was published in Sep 2018 as mentioned below. click the chart / idea to refer last one.
What Next ?
Going below 830 Lows -
It starts next downward cycle for target 350-400 & below 350 for 140-150 below 90 -It will be "neat & clean" for lows close to year 2000.
Nifty - India (Buy & Hold)-C- Wave or Corona Wave - What Next ?Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Thanks for hearing out short audio from our beloved PM - Modi ji & his reasons why India could do well in years ahead.
In 2019, as Prime Minister Narendra Modi won the office for a second term, the Bharatiya Janata Party in power passed about 63 bills in the Parliament this year alone.
The government has taken several key decisions. These historical decisions include
Abrogation of Article 370 provisions,
Triple talaq,
Anti-terror terrorism,
Merger of banks.
PM Kisan Scheme for all farmers -pension yojana etc
The Motor Vehicles (Amendment) Bill
The Insolvency and Bankruptcy Code (Amendment) Bill & list goes on
In a recent summit, Modi ji said- this is just a "Sample- Actual Action Shall Begin Soon" gives a impression that how much confident he is about our country to do well in years ahead.
Well now check out what a wave analyst like me suggest that India is an amazing country & would really do well as expected by Modi ji.
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Longer Term Waves description & Target
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Wave 1 - 10005 to 11981 - Wave 2 ( Divided into 3 Waves "ABC" - Wave A -Down from 11981 to 10670 - Wave B - Upside Choppy from 10670 to 12430 - Wave C - C Wave or Corona Wave from 12430 to 11175
Expected Wave 3 Next
Proposed Long Term Count is valid till channel low @ 11080-11100 holds - going below channel key zone 10630-10670 should - finally critical level 10550-10600 should hold for Wave 3 targets proposed from channel low 11100 so far (which is yet to happen next) - 161.8% of Wave 1 Distance = Approx 14000- 14250 is expected
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Short Term Target
From the cluster zone of 11100- 11150 expect upside targets as mentioned below
Plan A - Targets
11325-11350
Above 11350 - 11525-11550
Above 11550 - 11625-11650
Above 11650 - 11750-11775
Plan B - Targets- (Once starts moving -trail your stops to entry price)
Sell in 11325-11350 - No selling above 11350 - Target : 11080-11100
Sell in 11525-11550 - No Selling above 11550 - Target : 11080-11100
Sell in 11625- 11650 - No selling above 11650 - Target : 11080-11100
Sell in 11750-11775 - No selling above 11775 - Target : 11080-11100
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Stellium Effect Video Idea (Click below)
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Dollar Rupee Video Idea - Next Path holding 70.35 -Expect 72.25 & More on upside
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DowJones Last Idea - Reminds me of Niagara Falls 29500 to 24680
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TradingView Profile Page
in.tradingview.com
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Thanks for reading the idea - Stay Classy until next idea. Don't forget to plan your portfolio for longer term version - hopefully, let us meet at the other end.
Some of the portfolio stocks discussed
Tata Coffee
Tata Steel
National Aluminium (Nalco), etc
Is it the Nifty Top out?With lots of positive news & daily new turbulence in the Stock Market. The Benchmark Index i.e. Nifty & Sensex both are at the highs.
But does this high leads to a new high or it's a hoax.
As Considering News Factors -- Markets will be making new high.
But on the look of Fundamental patterns -- Higher Inflation, Under-quoting of NPAs by Banks, Fraudulent Activity by Renowned Brokers, Liquidity Crunches in the NBFC & lending Business, Public Strikes/Kiosk/Anger/Fight against Government's CAA, Global Pressure,Loss Making E-commerce business investing in other business and Index trading at the PE of 28 - 30 Levels. But still Indian Market is making new highs...Kind of questionable thing.
Thus, with all such factors - Nifty will be correcting very soon.
One can Short Nifty near the levels of 12200-12300.
For the targets of 11570 or more for the next year or the coming months.
with an SL of 12650-12750 levels.
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By
Market Commentary|Investiture.in
Nifty - Did You Catch The Bottom at 12088 ?Super Excited to Start This Idea with Marathi Musical Piece - Ghan Othanbun "Yeti" by Legendary Singer - "Lata Mangeshkar Ji" which compliments by Blue Microphone "Yeti". Thanks for your precious time & I wish all of you a lovely & terrific week ahead.
Trading Strategy
Plan A –
Getting an opportunity close to 12200-12225 – Buy with strict stops below 12200 once it halts & stops in this range for Target – 12315-12340
Plan B –
If stops or halts in 12335 – 12350 zone & starts falling below 12335 – Put stops above 12350 for Targets 12200-12225 / Below 12180 strictly for 12110-12125
Plan C-
Getting an opportunity in 12080 -12100 zone (if 12080 is not broken downside) then look for upside Targets – 12225 / 12350 / 12400
Plan D –
Selling from Channel Tops close to 12375 – 12400 ( Be careful in this strategy) –it is only for extreme risk takers- Downside Target is 12100 - 12120 / 11930 - 11950 / 11800-11830 / Below 11800 – 11500 & 11100
USDINR Idea to Buy above 70.35-70.50 - What a bounce from 70.70 for 71.40's (click the idea)
Nifty Last Video Idea - "Stellium Effect - How I cracked the tops at 12295" (click the idea)
Nifty - Century (100+) Before Batsman Cypher ! Trading Strategy
Selling only between 12340-12360 as suggested yesterday with strict stops above 12375. Traders can be cautious & avoid sell if it is moving above 12350 as early warning! - I mean don't take sell if moves above 12350- fulcrum level.
Targets
12280
12200-12220
Video Idea on Indusind Bank
Thanks for all support
Indusind Bank: Tops The Stops -Misses Street Estimate High-1585Idea getting time to upload so status update was put
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Status Update as of 08:54 Hrs / 15th Jan 2020
08:54 Hrs / 15th Jan 2020 - Happy Makar Sankranti - Indusind Idea getting uploaded. Depends on uploading time. Risky Traders - looks to fall below 1580-1600 zone so stops above 1600 / safe traders sell below 1440/1395 for lower targets. Thanks
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Trading Strategy
Risky Traders
Sell on open with strict stops above 1600 or wait to sell on bounce but avoid selling if crosses 1585 - later put stops above 1600
Target 1 - 1350
Target 2 - 1250
Target 3 - 1185
Target 4 - 1035
Safe Traders
Sell only below 1440 & later continue sell if falls below 1385 else avoid selling & book partial profits - have a look at risky traders strategy.
Targets are same as mentioned for Risky Traders above.
Wish You All A HAppy Makar Sankranti !!!
Nifty - Stellium Effect - How I cracked The Top at 12295Trading Strategy
Plan A -
Sell in 12275 - 12295 strictly only for 12000 / 11900 / 11800 / 11700 / 11500
Method - Bearish Butterfly Harmonic Pattern / Channel Top
Dow Jones Industrial Average Chart
Plan B -
Buy Only above 12350 -If holds that means if goes above 12350 & falls below 12300 - Avoid holding buy positions - Continue Buy above 12350 for 14250 / 14800 / 15500
Nifty - The Culmination Point -Part 2Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Trading Strategy
Plan A
Holding above 11890 – 11910 zone – Expect upside short term push to 11950-11980.
Plan B
Sell in 11950-11980 ( No Trades if crosses above 12000 mark) for target 11900 / 11840-11850 / 11690-11715
Plan C
Sell only below 11690-11715 for 11490-11510 zone
Plan D
Sell below 11490 for 11080-11100 & Below 11080 for 10750-10800 zone
India Nifty -Bull Traffic -Can it be a Grinding Halt ! at 11715Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A
Bullish Harmonic Bat Pattern - Buy Above 11575 for 11630-11640 & Above 11640 for 11665-11675
Plan B
Sell close to the tops between 11665-11680 with strict stops above 11695-11700 - Downside Target - 11550-11575 / Below 11530-11550 ( It should hold below 11530) for 11445-11465 target zone & lower 11080-11100 zone next below 11400
Plan C
Sell gets extended below 11550 for targets mentioned in "Plan-B" above
Plan D
Buy above 11715 if crosses 11695 as bullish criteria else be careful.
Thanks for watching the video & support.