Angel One-An investment stock available at discounted price!Angel One is one of the oldest stock broking companies and 3rd largest by volume of active subscribers.
Stock has corrected almost 50% from its high and is now available at an amazing valuation.
Stock has potential to test ATH in coming months and also cross it.
Keep in radar. Not a recommendation.
Supportbounce
TGVSL-A Risky positional trade of potential multibagger stock!TGV Sraac is yet another chemical sector stock that has been underperforming lately.
Stock has shown some positive signs of recovery in past few months.
Stock has given weekly closing above 110 which is a positive sign.
Stock can test its ATH if the momentum continues and can also give 2x returns in coming months if company posts good results.
Keep in radar. Not a recommendation.
Sectoral Analysis-Nifty MetalNifty Metal is all ready to make a new ATH.
The chart structure indicates a bounce from strong support trendline and we have seen a breakout today of 9400 level.
Levels to watch are 9600, 9750, 10000++
Keep metal sector stocks in watchlist for quick swing like Vedanta, Hindzinc, Hindcopper.
SAIL is available at an amazing support retest and can be a good positional pick as well.
Please comment below if you need any specific stock analysis!
Ramky Infra-Do not miss this Potential multibagger!Ramky Infra is a strong stock from infra sector with big potential to be a multibagger.
Stock has bounced from strong support and given a weekly breakout of trendline.
We can expect quick move in this stock. Keep in watchlist.
If you are a risk taker, you shouldn't miss this breakout.
Symphony-A support reversal with volumesSymphony is a good positional trade as it has given monthly reversal breakout
However, stock has not shown growth in previous few quarters which can lead to slow rally.
Q1 is always fruitful for AC-Fridge manufacturers. Lets wait and watch how this stock goes.
Hindware-Looking strong for a big uptrend!Hindware has formed a double bottom pattern at a very strong support trendline and has given breakout of the neckline.
If Q4 results are better then expected, we can see a good trending bullish move in the stock.
Keep in watchlist. A relatively Safe trade as big targets can be expected.
Biocon-An underperforming pharma stockBiocon is among few stocks which did not participate in Pharma bull run.
However stock has recently given a big volume bounce from its demand zone.
295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA.
1st breakouts are normally traps so use pyramiding to save your capital.
If stock posts good results , we might see good move in stock.
Keep your eyes stuck on this if you like support bounce trades.
Agrochemical stock pick before budgetSharda cropchem has been consolidating near strong demand zone of 400-420.
Stock has bounced from trendline which indicates confluence of support bounce
Stock can reverse before budget as chemical stocks have shown strength.
Low risk high reward trade. Stock has good fundamentals as well to hold for longer time horizon.
If you like my analysis, please like it and follow me for more such trading ideas.
Learn Support Bounce- For Swing TradingSimply speaking a support is a zone where demand overcomes supply. There are more buy orders than the sell orders at this level, which could force the bids to go higher and hence the stock can rally.
I would like to discuss one of the efficient ways to trade support levels. This is not the only way and may not be the perfect one but still with good success rate.
There are a few simple points that needs to be followed.
🚀Step 1
There should be a support level from where the stock bounced significantly. Draw a horizontal line from the lowest point of the support.
🚀Step 2
Let the price pullback to this support zone and create a green candle. It could be a pin bar with long wick at the bottom or a full green candle that closes above support.
The setup may develop either at or near the support OR after the price breaks through the support and then fakes the break. Both ways we need a green candle above the support zone.
🚀Step 3
Buy few ticks above the high of the pin bar or full bar with stop loss few ticks below these candles.
Buying at the close of those bullish candles is another method to further reduce the risk (SL) but the first method will keep you from some awkward positions.
🚀Step 4
Here we are not looking for reversals. We are looking for 50% target of the previous down wave.
⚡Tip1:
Now we know the target and stop loss, before entering the trade please confirm that reward is 2 times, or more than the risk involved.
Ex if SL is 10 points, then target should be at least 20 points. So, the down wave must be more than 40 points.
⚡Tip2:
Once trade starts moving in your direction, keep trailing to bring your stop to breakeven or lock some profit on partial position if your like.
I will post some examples in the update section. One is right there on the SBI chart shown above. Two support zones and 3 buying opportunities that worked.
Keep boosting for more educational ideas in future.
Disclaimer: Examples shown in the idea are not an investment or trading advice. Apply your due diligence and backtest the strategy for good results.
Chambalfert on daily trendline support.Chambal fertiliser has been taking support from the same trendline again and again on the daily timeframe.
Demand zone can also been seen here.
All the details are on the chart above.
Buy above - 392
Targets mentioned in the chart above.
77Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
ASIAN PAINTS SWING ACTIVATES ABOVE 3160Asian paints has taken support of the trendline.
Bounced from 200 MA
Sitting on demand zone
Above flip level
Making Higher highs Higher lows
Healthy retracement of 78.6% done from last swing high
Sitting above 61.8% fib support.
Buy above - 3160 (closing basis)
Other trades are going well i'll link them below.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Marico looks good above 511MARICO looks good above flip level
1.CROSSING 200 MA
2.BOUNCED OF FLIP LEVEL
3.BOS CONFIRMED
4.NOT CLOSING BELOW 509
BUY ABOVE - 511
77Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Accumulate Indiabulls Housing Finance 1.Symmetrical Triangle support
2.Parellel Channel support
3.RSI looking good
4.MACD above signal line
5.Making higher highs higher lows
Buy near - 205-210
Targets - 230,245,260,280
Keep SL near - 180 (Static)
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Astral buy above 2115Hello guys, last few days have been volatile so I was not giving many trades, seeing the market it is now better to take the trades on support rather than on breakout as most of them are failing.
Astral retraced 78.6% from last swing high.
Sitting above flip level
Near Demand/Supply conversion zone
Bounced from 200 MA cluster
Immediate resistance at 2095 - 2110
Buy above 2115
Targets mentioned in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
BUY BAJAJ FINANCE ABOVE 7000 FOR 5%-10% GAINSAsian paints has taken support of the possible triple bottom
Bounced from 200 MA
Sitting on demand zone
Above flip level
Healthy retracement of 61.8% done from last swing high
Good volume on previous 2 sessions
7000 will act as a psychological breakout/support.
Buy above - 7000
Targets mentioned in the chart above
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Srtransfin buy above 1275Hello guys, astral is going great, same with titan, glenmark, tatasteel, hindalco, torrent pharma, let's say most of the stocks.
The next possible big mover that I can spot is srtransfin this stock has been through a healthy retracement till 78.6% and taken support from the same place.
Tapped into the demand zone and gave a strong candle
RSI looks alright.
MACD turned above the signal line.
Buy above - 1275
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.