Stoploss
One of my biggest lessons market taught me, read description.I always wanted more from the swing trades I took and I failed to recognise the right target for my trade which many times lead to the stock going down from a major resistance or a trend reversal because of the resistance zone because of which i had to lose a winning trade many times and with time and practice i realised what is best for me is to sell that stock in a major resistance if there is no sign if it will break the resistance such as accumulating volume, anyway i can buy the stock back if it manages to break the resistance , in the reference chart also we can see two major trend reversals because of the resistance.
WEEKLY DURATION MAJOR TREND LINE ANALYSIS !BPCL is clearly seen taking support from its major trend since past 1 year. It is very difficult to break this trend line. Hence it is good opportunity to go long with small SL.
Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for smooth entry.
Put stop loss little below the trend line and aim for at least 7%+ target or as per your holding power.
This is major trend line analysis done for mainly educational purpose , feel free to share your views/feedback.
MGL looks promising to sell below 1182NSE:MGL
Today MGL RSI shows bearish divergence. Couldn't break the 1190 resistance levels.
Stock was trading sideways and with a bit higher high formation but the RSI was making lower highs. This is a sign of weakness in stock.
Stock is not ready to go up at this moment. One correction is still required.
Keep tracking of this stock for tomorrow as MGL looks promising to sell below 1182. Target level are marked in Green line. But don't forget to keep stop loss at 1190 level.
TATA ELXSI, SwingSmall pole and flag forming in TATA ELXSI. Wait for a break from the upper end of the flag for a target of a 3920 near 52 W high and stop loss of 3400. If it breaks below do not enter. Wait for it to reach 3400ish levels.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
JSW Steel, SwingJSW Steel is forming a descending triangle. A break from the trendline can be traded for a target of 730 which is a high resistance region with a stop loss of 670. 673 level has support of 200 EMA, that's why SL can be taken at 670.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
HDFC, Swing/PositionalHDFC has given a breakout from falling wedge and has been taking support from 50 EMA . Even after the falling wedge breakout, 2605 seems to be a rejection region where one or two gap up openings could not sustain. A closing above 2605 with good volume can be traded for a swing or positional trade for first target of 2768 and second target of 2888. Some good indicators of HDFC possibly achieving target is support of 50 EMA , RSI above 50 suggesting a buy signal and if you look closely you can see a rounding bottom pattern forming which i haven't highlighted in my idea, but it can be seen.
If you enter after a breakout from the 2605 region. Stop loss can be set just below 50 EMA for swing.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
Route Mobile, Swing/Positional TradeRoute mobile is about to breakout from a symmetrical pattern. One can take a swing position/positional trade in the same if the symmetrical triangle gives a breakout upwards with a stop loss of 1400 and target of 1720.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same.
Tech Mahindra, 26 May 2021 - Intraday SetupTech Mahindra can be used for a good short set position depending upon the price action. The closing price today (25 May 2021) was at a very interesting point. At 15 min time frame, it closed below 50 EMA but took support from the trend line. Short intraday position can be taken if a 15 min candle closes below the trendline with a target till 200 EMA and stop loss just above the 50 EMA.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
End run of Steel - Bearish view of JSW A 30min chart shows that price has halted at its support level which if broke we can see the target of 712-710 with a strict SL of 750 levels.
But if it retraces to 750 level then we can get a discounted price to short the stock with a strict SL of 765-770 area.
It all depends on the Broader market view so do look for Nifty and Nifty Metal indices before shorting.
CADILAHC TRENDLINE BREAKDOWN & HEAD & SHOULDER 15MCADILAHC has given a breakdown to it's short term trendline in 15mins. It has also formed a pattern at the top which is called HEAD & SHOULDER PATTERN. The bias for this trade is negative. It is a intraday trade which can give you easy profits. But always remember that market is unpredictable. Sometimes some trades go wrong even when you are 100% confident. So you should always trade with a Stoploss. Stoploss limits your risk and you can hold onto your winning trades longer by tightly trailing the SL. Risk management is the key. Happy Trading!
NTPC | will it achieve the target comment below ?#NTPC | symmetrical triangle , wait for the breakout and retracement to BUY
Target = 113
stoploss = slightly below the support zone
LOT size = 5700
Expected profit = around 1 Lac per lot
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EURO/USD is ready for LONG!!!!Greetings Traders,
At the moment, there is a buying signal and we are getting confirmation.
1- Cloud is below the price.
2- Volume price is getting pushed.
3- Price is trying to go above-average volume.
4- Chikou is above the price and can be free.
5- TENKEN is above the price!
BUY above 1.18670
STOP LOSS- 1.18413
Tata Motor Dvr Technical Analysis .Hello friends , Today i have the technical chart Of Tata Motor Dvr Technical Analysis . Friends as you can see here that it is making Double Top chart pattern which means it can go down and it is down . You can take its Stoploss at 61 Rs and Neck line at 57.10 Rs Its target you can take is at 46.60 Rs as shown in the picture and I have also shown that it can come once to the trend line and take resistance and then can go down . You can see there that the upward " Movement " of the stock Due to the chart pattern " Falling wedge " You can also see the " Decline and Weakness in The Volume " which is now in the " Double Top " and before if you see the volume it was very strong and going upward but now i think it can go down . Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment. Bye Bye .
Havells India Ltd Technical Analysis .Hello friends , Today i have the technical chart Of Havells India Ltd . Friends as you can see here that it was in a up trend but now it can go down because it is making a " Rising wedge " and Also Making Bullish Harami Candle Stick Pattern Which shows that i could be right at here . But remember that it can break upper trend line from where i have shown down because it will be a False Breakout and if you buy at there the trade can be in profit for 5 - 6 day After than it can be in loss because it can go down from there and also remember it will go first and then up from the Resistance it can go down as shown in the picture ,Thus it is also near the breakout point .Its Support price you can see that it is on its support and its target you can take for is at Rs 680 and if it goes down how i have shown so the stoploss you can take is at Rs 442.90 and remember to read out the notes and other things written on the chart and i have showed the nearby support you should also see the marked Supports and Resistances on the chart and Please give your Precious time and like all my ideas so that i can know that you like my ideas which i publish and my channel
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Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment box also . Bye Bye .