Swingtrade
ABCAPITAL - Breakout of Triangle Pattern - SwingThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Monitor IOC on 2H Chart for an opportunity of Swing TradeTechnical Analysis on 2H time frame.
Figure 1
1) I use EMA of 20, 50, 100 and 200 periods.
2) The moving averages are contracted in a very symmetric way.
3) The 20, 50 and 100 ema lines are almost on the same level.
4) The resistance comes on the level of 81
Figure 2
1) On 17 Feb we got the breakout of the triangular pattern.
2) The price tested its resistance of 81 but failed to give the breakout.
Figure 3
1) Bollinger bands are squeezed and a long pipe-like structure is formed.
2) The upper band is on the level of 80.65
Conclusion:
- Wait for the breakout of the resistance 81.
The overall structure of the stock looks very promising. We only need to monitor it regularly so we do not miss the opportunity.
Thanks
Er. Simranjit Singh Virdi
Why I selected IGL for Swing Trade on 4H time frame.IGL looks bullish on 4h chart.
Technical Analysis:
Candlestick Chart:
- Breakout of Triangular pattern.
- Breakout of Resistance at 436.
- EMA 20,50,100,200
+ Moving average lines expanded.
+ All moving average lines are arranged according to their position.
Renko Chart (Brick Size = 5)
- 4 Bricks are printed
+ First 3 bricks formed the base zone.
+ From the 4th brick it has entered in zone 1.
Conclusion:
We can take a long position from 430 to 440 with a stop loss of 415.
Disclaimer: I entered at 435 on a Renko Chart with Brick Size of 5 and I keep the stoploss at 430.
PERSISTENT - All Time High Breakout - Swing/InvestmentThose who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently.
The analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
KPITTECH - All Time High Breakout - Swing TradeThose who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently.
The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
ASIANPAINT - Trade/Investment - Bounce from Crucial SupportThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself. Second target is calculated based on range calculation method in technical analysis.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
Stocks for swing tradeStocks for swing trade.
1. IGL - looking good for buy
Logic for buy - Weekly candle sustain over EMA's 11,20 & 100. Positive green candle creation is going on weekly time frame.
Buy at @CMP for 1st safe target is 460 and then 490.
2. AUROPHARMA
Logic for buy - On weekly time frame strong week candle is going on.
On proper supply zone up-to 524.
Buy at @CMP for 1st safe target 524.
3. Lupin
If we see powerful breakout over current supply zone than after price sustain over supply zone we can buy this stock for target 918.
Otherwise if we see price rejection over supply zone we can find opportunity to sell it up-to recent demand zone.
4. AARTIIND
Logic for buy -Looking good for buy at @CMP . Weekly candle is looking good if we see good weekly closing candle we can go for buy.
1st safe target 590 / 2nd target 650.
5. MANAPPURAM
Logic for Sell - Price start show rejection on weekly supply zone. If price closed below 100 EMA on daily time frame we can find sell opportunity up-to 105 or 96.
VOLTASKey highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of channel pattern .
✅ Strong bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 930.
✅Can Go long in this stock by placing a stop loss above 786.
✅ breakout this can give risk:reward upto 15%+
Cardano RSI Bearish Divergence at Resistance ZoneADA/USDT is near resistance price is making higher high, while the RSI is making lower high which is clear sign of RSI Bearish Divergence. We can take short position once price breaks below the support with strong bearish candle. target will be the next support zone. stoploss above the swing high.
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Powergrid RSI Bearish Divergence at Resistance ZonePowergrid is near the resistance zone, the price is making higher high while the RSI is flat this is clear sign of RSI Bearish Divergence.
Entry
We can go short when price make strong bearish candle near the resistance zone.
Stoploss
Stoploss above the resistance zone.
Target
Target will be the next nearest support zone.
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