Supportbreakout
ZEEL (SHORTTRADE)ZEEL IS STANDING ON A MAJOR SUPPORT IF IT BROKE THEN WE CAN SEE TARGETS UPTO 200 LEVELS .
WHY I CHOSE THIS ?
ZEEL TRY TO GO UPSIDE BUY IT UNABLE TO GO UPSIDE AND IT AGAIN TAKE SUPOORT AGAIN AND AGAIN AND MAKE SUPPORT WEAKER . IF IT BREAK IT WILL GO DOWNSIDE .
THANKS
Hindalco Bearish ascending channelThe stock has formed a ascending channel and breakdown from the channel expecting down side and also formation of head and shoulder pattern
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
AXIS BANK shorting opportunityall time high, just completed a head and shoulder pattern. seem to be retested for couple of hrs. pls wait for candle confirmation and take the trade accordingly.
BHARTIARTL - Buy on Support - Sell on Resistance 🔰 MY thought process :
⭐The easiest way to trade stock is to identify a good pattern at its good support lvls and resistance lvls
⭐Good breakout at supports of a descending triangle, consolidating for a while now gave a good impulsive move.
⭐Risk: SL - 515
⭐ Targets are marked
⭐ Type: Swing and investment type :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted on my page :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
INDUSIND BANK - Broadening pattern | Target - 1300 🔰 MY thought process :
⭐A broadening pattern on the Daily chart :) meeting with fibo extension giving a perfect round number of 1300 which seems to be achievable but in a while, kinda positional setup for me :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
GBPUSD long/buyPrice first acted as resistance and broke through it and retested as a support which is a typical textbook trade. Moreover the sma's are indicating that the trend is bullish on the higher timeframe.
Lets learn and earn together #2 | Discuss and Ask Anything Be free to ask anything and suggest more :)
Asian paints Long trade is still intact | 15min analysisEven after a bearish nfty and bnknfty move last session this trade is still not messed up just some new trendline adjustments and here we go again looking for BOB ( buy on breakout ) /////
Keep an eye :)
ITC - Falling wedge on supportPrice forming falling wedge pattern and trading on the support to breakout.
SELL ICICIBANK SPOT WILL CLOSE BELOW 555 TARGET 530 ,500 CMP 565ALL PVT BANK LOOKS WEEK. NOW ICICIBANK TRADING NEAR SUPPORT AREA AROUND 560 TO 570 LEVELS. IF BREAK 555 LEVELS AND CLOSE COUPLE OF DAYS IT WILL FALL UP TO 500 LEVEL.
SELL WITH PROPER HEDGING
THANK YOU
FORTIS HEALTHCARE AT A VERY BULLISH LEVELI am analyzing this stock for the past 3 months and analyzed it with great accuracy. Many chart and trend patterns show clear that it is at very bullish support.
The immediate target should be 205.5.
Once it crosses 206.5, the Next target should be 215.
After that also, it can go very long and can show levels of 230. It's a mixture of fundamental as well as technical analysis.
#Nifty Trade Setup for Thursday (18th March)As you see, there is down Trend is made in Nifty chart.
.
There is a support on 14630 if it's Nifty can goes down.
.
Nifty is weak today, tomorrow it also can be,
.
Tomorrow is weekly expiry.
.
Buy PE on Upside once it's break 14630, You can make a good profit.
.
You can give your suggestions in comment box.
#Banknifty Trade Setup for 18th March (Thursday Expiry)As you know BANK NIFTY already broke the big Support Point.
.
Now from Here, 33800 can be the Next support point.
.
So on tomorrow if the market get ve Gap up, then we will wait for the right time to buy PE.
.
If Market give Gapup opening, we will trade 33800 or 34000 PE.
.
But Be cautious on tomorrow, tomorrow is weekly expiry.
.
You can give your suggestions in comment box.
Black Rose both short and long opportunity comingBlack Rose will first shoot up to 160.80, then if it starts to drop, it will drop till 136.20. Then from the 136.20 area, it will shoot up to cross 167.40 again to make a new high.
#Nifty Trade for 12th March (Friday)Nifty can give gap down Opening.
.
Note: If Nifty give gap down Opening, we will wait for the right time to buy on dip.
.
On upper side, 15200 and 15250 is a great resistance point. If it break we can go for Call Option.
.
On down side: 15110 is a support point, if it's breaks we can go for PUT Option.
Asian Paints good Buy opportunityOne can consider buying this as it is on its crucial support. On 1st december it has given the breakout and now after 3 months it is again on the same level. Basically it is retesting after breakout. Further one can wait for the trendline breakout and then go long. Otherwise buy at support level 2248 and 48 pts below is the stop loss. Targets are mentioned in the charts.
expecting bounce back from support level -.....if not shall review the idea
disclaimer - trade @ own risk
reference idea below
A beautiful triangle patternAn diminishing triangle pattern has formed between the trend line (in orange) and the support line (again in orange) at 75.2.
75.2 is a strong support and has supported the scrip 4-5 times since 8th June. I am betting slightly higher on the breakout happening on the downside. The second wave has led to serious outflow of USD to other currencies (EUR, YEN, CNY).
Let's see what happens.
Massive Selling of USDThis huge weakening of the greenback comes at the backdrop of resurging covid cases in United States as compared to the rest of the world. The past couple of days has seen greater than 30k new daily cases. So the "emergency of dollar demand" might be waning at least till the fear of the second wave lasts and the rest of the world recovers steadily. More favorable currencies like YEN, EUR and even CNY (chinese yuan is slowly becoming a pretty strong alternative to dollar) will be sought after while the USD selloff lasts.
75.5 has been a strong support. Let's see how close can it get till Friday (expiry date of futures and options for USDINR), or does it even breach the line.
If there are no more significant violence along the Indo-China border this week (seems unlikely as the high level military officials from both sides have been talking constantly), the current trend will continue.
