Testing out scanner - RHIMAfter I stopped F&O altogether as I was not able to get a handle on it and generate consistent returns, I had decided to focus on cash market. For that I had created a simple scanner which would show up stocks which have come up above their weekly high but are still below their 50 day MA. Details of what stocks came up and how they and I performed is what all the video is about. Watch it to see my journey.
Swingtrading
CHANGE OF STRUCTURE IN POLYPLEX CORP"Polyplex Corp" is showing lower-lows with the trendline as it's dynamic resistance, and is about to reverse it's whole trend (Bearish to Bullish) in weekly timeframe. 1150 is the level of confirmation for it's structure change. Target is calculated using the XABCD Pattern of Harmonics, which comes out be a return of almost 9% which is a very good return on deployed capital. Profit should be booked immediately between 1240-1250/55 as the bigger trend is bearish and the target level happens to be the PRZ area for the XABCD Pattern. So, keep an eye on this stock above 1150.
How to Journal as a Trader or Investor on Trading View ? Summary of this video
There could be Two types of people Journaling, one who is daily journaling and one who is weekly journaling; both will do the job.
You can make two notebooks for the same: Feelings-based Journal and Stats-based Journaling.
Both serve different purposes.
A feeling-based journal helps you to create a daily habit of writing some compulsory things like pre-market, vix, post-market, and setups, and ask why in terms of positions - if taken and if not taken, whereas to get into the habit of writing a feelings based journal also dig deep into some really important terms like cpi inflation, ppi of some significant economies which effects your markets. These things won't affect your trading, but such add-ons help you give a direction to your journaling power.
A Stats-based journal contains different columns, as told in the video; feel free to add more of your favorite ones and change them as you wish, but every single trade should be respected in such a manner. Journal every single trade like this in terms of numbers. Remars is very important in this journal as it will guide your Fear and Greed.
In conclusion, Finally, if you can do this for at least one month, you will see good results, but what exactly do you have to see?
After one month, read your first-day feeling journal and the first two or three trade remarks. You will be amazed to see how silly mistakes you made in the past or how efficient you were back then and now you are making those mistakes; either will help you grow in mindset and profitability. It enables you to become a better trader by 1% daily.
Feel free to put more ideas and thoughts below in the comment section. Good luck journaling
LICI (pitchfan tool)LICI 6 month breakout with stock made ATH .
The chart shows the price movement of Life Insurance Corporation of India (LIC) on a daily timeframe. Here’s the analysis for swing and long positions:
The chart displays several trendlines which show the stock's downward and subsequent upward movement. The breakout above these trendlines indicates a shift from a bearish to a bullish trend.
Support and Resistance:
Support Levels: Around 950 and 1100.
Resistance Levels: Immediate resistance around 1200.
Volume Analysis:
Increased volume at the points where the price has moved upwards from the demand zone indicates strong buying interest at these levels.
Breakout Confirmation:
The stock has broken out above the trendline resistance and is showing strong momentum upwards, indicating potential for further gains.
for Swing Trading
Entry Points:
1) Breakout Confirmation: Consider entering a long position on a confirmed breakout above the immediate resistance level (1200). Ensure the breakout is accompanied by strong volume to confirm the strength.
2)Pullback to Support: If the price pulls back to the previous support level around 1100, consider entering a long position with a confirmation of a bounce back.
Targets:
1) Primary Target: Around 1300. This can be a target for taking partial profits or setting a trailing stop-loss.
2)Secondary Target: Around 1400. If the stock shows strong upward momentum and volume sustains, aim for this higher target.
Stop-Loss:
1) Initial Stop-Loss: Place a stop-loss just below the support level around 1100 to manage risk in case the price moves against the trade.
2) Trailing Stop-Loss: As the price moves in your favor, use a trailing stop-loss to lock in profits and minimize risk.
Market Conditions: Keep an eye on broader market trends and news that might affect the stock price.
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
EPL - Swing Trade Analysis - 14th August #stocksEPL (1W TF) - Swing Trade Analysis given on 14th August, 2024
Pattern: CUP & HANDLE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Volume Buildup at Resistance Trendline - Done ✓
- Pullback Candle with Strong Volumes - Done ✓
- Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
100-SMA challenges Crude Oil buyers at three-week highWTI crude oil has ended its four-day rise as prices fall from their highest level since July 19, due to a slow start on Tuesday morning in Asia. The oil price has moved back from the 100-day simple moving average (SMA). Still, closing above the 200-day SMA, positive MACD signals, and a strong RSI suggest buyers might push prices past the $80.15 mark. If they succeed, the next resistance levels are around $81.40 and $82.50, which will be key for sellers to defend.
If oil prices drop below the 200-day SMA support at $77.90, sellers might take control. If prices stay weak and fall below $77.90, they could move towards June and August lows of $72.40 and $71.70. If prices go below $71.70, they could reach the late 2023 low of $67.70.
Overall, buyers are likely to stay in control, but the potential for price increases seems limited.
CASTROLIND
most important is
52week and six-year high breakout with volume rise and very important point is stock is retext & give a good support zone which is already broken resistant zone with h volume .
targets are open on chart but .. respect to SL like me of discipline trader.
share Dividend ₹ 4.50 /share
ex-date 21 march
Castrol India at near six-year high on Q4 profit jump
Company has a good return on equity (ROE) track record: 3 Years ROE 45.9%
holdings :-)))
a) Promoters 51%
b)FIIs & DIIs 27 %
c) Public 22%
for MORE check in my TradingView ID
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NBCC - Swing Trade Analysis - 12th August #stocksNBCC (1D TF) - Swing Trade Analysis given on 12th August, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Pullback Candle from Weekly Support Zone - Done ✓
- Volume Buildup at Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
BBTC - Swing Trade Analysis - 12th August #stocksBBTC - BOMBAY BURMAH TRADING (1D TF) - Swing Trade Analysis given on 12th August, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Pullback Candle from Weekly Support Zone - Done ✓
- Volume Buildup at Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer