Stockstrading
LONG BUY signal CESC , Rectangle pattern , Trading is all about I will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 561
Target - 692
Stop loss - 534
ADANIPORTS short at 364I will short ADANIPORTS because :
It is facing a strong resistance at the trend line .
Its not been able to break that trend line .
The price is again at the resistance trend line and may fall.
If it breaks the resistance trend line then we will be looking to buy.
Entry : 364
Target : 338/313
Stop loss : 376
Fibonacci Retracement - Zig Zag - Swing TradeOn the Chart, the price follows a zig-zag pattern. Using Fibonacci the price touches 1.414 at price 155 with RSI below 30. It bounces back to 0.314 which is up to 196 in short term.
EICHERMOTORS Intraday Trade Based on NR7 and VolumePrice broke previous day resistance with wide range candle and Volume. Wide range Buy candles were coming in with Volume. A/D reduced to 35:15 from 41:9 when I took this trade, but was still Bullish. If 21050 held, 21300+ could be hit. But, 21050 didn't hold and broke down with volume. The Price ranged for the rest of the day. Overall 2.5R profits booked. The stock was selected based on NR7 and Volume strategy.
AURO PHARMA COMPLETED ITS TRAPPING AND READY TO MOVE DOWN !!Hi Traders,
1. On May 25th, 2020, I mentioned in the analysis is quoting for your consideration " 2. Now come to the technical part. I showed you a volume area that it is decreasing with increasing price. Therefore, the volume relationship with the price should come down. But what I feel is this is classic trapping of sellers. Hope has been creating by buyers showing weakness so that sellers start taking the good loss in the hope trade. As you know the psychology of human beings, They stay in losses and left in profit. This is what creating in this scrip." You can see trapping continued till last week. Almost one month ago I told you the psychology of this type of trade and the same happened. I gave you a target of this move in point no.3 of that post is quoting for your consideration" 3. A red channel is created at the top of a strong zone showing weakness. By confusing sellers that price will break the red dotted channel lower end and will not take the support of strong zone. But here reality is different by trapping more sellers and keeping the rest of sellers in the hope trade. At a certain point boom to the upper zone of white color in fig. This is how I Manifested the move of this stock. An illusion is being created of different factors that sellers so that sellers find their positions for entry." . You can see On decreasing volume price were trapping sellers. And exactly achieved my target. Had somebody known How to time your trade would have made good money. Because all trade had already given to one month ago. Even update also supported you in timing also. compare that post with the current you will feel the reality and get a deep insight.
2. A red dotted line channel as shown in the previous post is ready to be breached. If the yellow dotted line is taken out on the next trading session on 4 hours time frame then uptrend will change to the downside with the target of the red zone. After fulfilling the condition of the taken out price may give pull back to the yellow line which should act as resistance that line is not taken out to upside then the trend will be changed to the downside.
3, In any case, yellow line condition gets failed then will get resistance from the white zone. Chances are very less to take the upper end of the zone out. But this is game of probability so that condition can not be ruled out. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial advisor. This study is for educational purposes only.
SBI HAS MADE ITS BOTTOM RIGHT TIME FOR INVESTING SEE HOW? 1.In my last post on sbi , I shared about bottom fishing in this stock. Where I made a green box to be area for would be bottom. But today"s candle confirmed The upper band of white zone sbi selected to be right area of bottom . You can see I circled that in green sbi took support in last week and crossed red channel . Til yesterday two candles above red channel were not providing enough information of true break out . But today candle fulfilled my taken out condition . Therefore, when price switched its sentiment then investor and trader should also switch his /her sentiments with price . stock market is game of sentiments one should know at early level the psychology of trend is being changed. today it confirmed I am sharing same day.
2. For investors this is the right time to invest in this scrip. Traders I made one red dotted line til price do not take this out , no shorts buy on dip is good strategy for this stock . In coming days second target will be achieved. Since sbi took support on upper end of zone so chances to reach green box is negligible ,consider only when red dotted line is taken out. Attaching last post for your consideration. Rest market will decide.
SHORT POSITIONS ARE BEING TRAPPED IN AURBINDO PHARMA SEE HOW?Hi traders/investors,
This is really amazing that aurbindo pharma is showing weakness symptoms where as sellers are being trapped. In fact one of my followers requested to clear the picture of this stock . Basically he is short with heavy quantity. I do not know the rate at which , he took positions. So this analysis for you and those who are in similar circumstances . See care fully.
1. Before going to technical part I share which phase is going in this stock. Actually Re-accumulation is going in this script. Means buyers are buying at attractive levels by keeping price in range. So trapping has been done by buyers. It does not mean bears do not play in it. At certain point buyers do not show interest for buying .They give chances to sellers to take price down so that they also get chances to buy at lucrative price again. In short all game is in hands of buyers but they show that both sides are fighting to gain control. Even the best panelist on air say market is in range bulls and bears are struggling to take control. This is not true. The psychology behind this re-accumulation is that which I shared with you all.
2. Now come to technical part. I showed you at volume area that it is decreasing with increasing price. Therefore, volume relationship with price it should come down. But what I feel is this is classic trapping of sellers . Hope has been creating by buyers showing weakness so that sellers start taking good loss in hope trade. As you know the psychology of human being , They stay in losses and left in profit. This is what creating in this scrip.
3. A red channel is created at the top of strong zone showing weakness. By confusing sellers that price will break the red dotted channel lower end and will not take support of strong zone. But here reality is different by trapping more sellers and keeping rest of sellers in hope trade. At certain point boom to upper zone of white color in fig. This is how I Manifested the move of this stock. A illusion is being created of different factors which sellers so that sellers find their positions for entry.
4. Now talk about other side. See a very strong zone and green dotted trend line until and unless this is not taken out structure is in pure up trend.I will leave my long when green dotted trend line is breached.
5. I showed the anticipated movement in white color price will come down to this strong zone and will start its final move to upper white zone. This is the whole scene . Now Dear follower decide your self with your selling price what you want to do. I can be wrong any day any time. For investors this is not the right time to invest in this scrip. Rest price will decide.
YOGESH VATS
Again with CUMMINSIND, close eye of investors.
Talking about the long term is a reversal point for the close. The eyes of both investors and buyers should be on this stock for deep buying. Over-reaction, which is a little more down moves us a super entry point for the trader. 483 nearby are the best level for short term holding.
There's 2 targets for investor and swing traders.
First is easy which mentioned the chart.
2nd target is the gravitation target.
I will update shortly, small timeframe chart for this stock more clarity of entry and target point.
Do you remember the last trade on this stock ?
PROFIT made from this stock:
This was our ENTRY points:
Selling a Range Bound Price at Resistance - Risk Reward 1:6Short SRTRANSFIN Below 1193 - Stop-loss 1235 - Target 940
Risk/Reward 1:6
If Price Closes above 1234 Before Breaking 1193 then trading set-up becomes invalid. CMP is 1203.
How to trade ranging prices/market
Do you want footprint of GRASIM?NOTE: IF YOU ARE PLANNING TO TRADE , I WILL WORK FOR DAILY TIME-FRAM E AND 30-MINUTES TIME-FRAWE FOR GETTING ACCURATE NUMBER TO TRADE. Kindly, say in comment section.
1) The primary trend is up .
2) The remarkable point is price rotation which is a sign for you to trade in which direction.
3) Volume gives hit of your direct right or wrong
4) Observation area should require to watch carefully.
Conclusion: Buying is good on this stock to compare to short. Presently, if it is an up-breakout will show us price rotation and volume will be lower.
Trade SETUP for VOLTASVoltas has formed 8 waves channel (value area) with control price.
The current price is trading at 653 and major resistance are 665 nearby and 636 nearby , the calculation of far;
Major R. 665 - Major R. 636 = 31 / 2 = center 15.5
Trade SETUP,
Plan A: Buy this stock above 665 if close
Plan B: Buy at the value low 636 nearby
Both t rade-plan s has the same target 675 to 696.25.
To verify if your trade is correct, the stock should be going up/ down by more than 17 points in one day .