Swingtrading
NIFTY50 - Weekly Index Analysis - 15th June #indices #nifty50NIFTY50 Analysis Update (1W TF) - 15th June, 2024
- Trading outside the channel as of now
- The Resistance & Support Zones are marked out
- This should help choosing our Swing Trades as well
If you are in FOMO:
- Then ensure to choose stocks that are at Weekly support levels only
- Do not jump into falling knives which are away from their support levels
Note: The charts will be updated as we go along. But please ensure to keep your Risk Management in play constantly for any and all swing trades.
* Disclaimer
Good Possibility in the makingAll details marked on chart itself.
Strict SL to be followed. Once the momentum picks up above entry level, trail SL to reduce loss and protect profits.
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I think the biggest mistake of all is the mistake that is most human, that we all commit, every one of us, including you and me.
Which is the inability to admit you made a mistake.
- Jason Zweig
Hindustan Food Stock - Bullish Flag Pattern
Hindustan Food (HINDUNILVR) is exhibiting a classic bullish flag pattern on the daily chart, indicating a potential continuation of the upward trend. Here’s a detailed analysis and structured description for trading targets once the pattern is broken with significant volume.
Key Points:
Pattern Identification:
Hindustan Food stock is currently forming a bullish flag pattern, characterized by a sharp price rise (flagpole) followed by a consolidation phase (flag) with downward sloping trendlines.
Volume Confirmation:
A breakout from the flag pattern should be accompanied by high trading volumes to confirm the bullish momentum. Watch for volume spikes at the breakout point.
Entry Point:
Enter the trade when the stock price closes above the upper resistance trendline of the flag pattern with significant volume. This confirms the breakout.
Target Levels:
T1 - 739: The first target is set at 739, derived from the height of the flagpole added to the breakout point.
T2 - 1000: The second target is set at 1000, a psychological level and an extension of the initial flagpole projection.
SL - 436: The stop-loss is placed at 436, below the lower support trendline of the flag pattern to manage risk.
Trade Management:
Monitor the trade actively and consider trailing the stop-loss to lock in profits as the stock moves towards the target levels.
If the stock shows signs of reversal or fails to sustain above the breakout level, reassess the position to minimize losses.
BANK NIFTY - TIME TO SELL & RUN AWAY ?Symbol - BANKNIFTY
CMP - 51720
BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside.
According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout fail scenario is highly likely. I'm expecting Nifty Bank to show a reversal from these levels & It may witness a strong profit booking.
Hence I am creating huge short positions in Bank Nifty July Futures at CMP 51720
I will add more position at 52000, if comes & will hold with SL of 52200
Targets I'm looking for on downside will be 49260 - 48000 & In case If it breaks this rising channel on downside, We may see huge fall till 45500 - 45600 which is the ultimate target if any major correction happens.
RR is very favorable here. That's why taking more position than usual.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
ESSARSHPNG [ very risky ]ESSARSHPNG
first clear to this stock is very risky but movements are very high significantly for swing trading .
It made .... 6 month Rounding Bottom with high volume breakout .. thats main reason of my study for share you .i also try to technically stock good .
I not talking about on Targets & Sl ...
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY study ......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
Short Term Swing Trading Idea in Jupitar Wagon for > 15% UpsideHi,
An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:JWL
MACD on daily, weekly and monthly time frame is on the bullish side and RSI is also on the bullish side, so expecting the bullish trend to continue.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
1:10 SWING TRADE OPPORTUNITY IN IndiaBull REALESTATE IBREALESTRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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PARAS DEFENCE - Classic BO (Case Study) | Super BullishPrice Analysis & overview:
1. The overall defence sector is super bullish and the stock has started outperforming.
2. The strength of the BO candle shows big money is buying it.
3. Retest of the ATH BO level would be the best entry for a long position.
4. We rarely find these types of classic textbook type of picture-perfect breakouts!
5. We should remember that we should not generalise these types of clean breakouts.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Honasa - Swing Trade #honasa #breakoutstock #trendingstock #swingtrade #swingtrading
Honasa - Swing trade
>> Breakout candidate
>> Trending stock
>> Good Recent volumes
>> Good Risk Reward
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur support by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
GMR INFRA - ATH Breakout | Bullish Outlook?Price Analysis & Overview:
1. Good volume on BO candle.
2. Breakout candle rejection from top is a sign of selling pressure.
3. RRR is not the best!
4. Earnings growth are okay.
Trade Plan:
- I would avoid entry at CMP looking at the overall picture.
- But a risky bet can be taken at cmp with 10% Sl and 20% target.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
MRPL - W bottom | Bullish move possibility?Price Analysis & Overview:
1. Reveral pattern formed
2. Good volume building.
3. Earnings are weak.
4. Double bottom formation.
5. Strong trendline break candle is important to determine the strength for the upmove.
Trade Plan:
- Low conviction trade, because fundamentals are not strong.
- RRR is favourable.
- ENTRY = CMP 220
- SL = 199
- TP = 300+
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
ROUTE MOBILE LTD - Reversal Pattern | BullishPrice analysis & overview:
1. Price structure has shifted from bearish to bullish forming HH-HL.
2. Above 1900 momentum will be expected.
3. Buying strength is getting stronger.
Trade Plan:
ENTRY = 1st entry can be planned at cmp or around 1600
SL = 10-15% max
TP = 40-70%
- Confirmed entry will above 1900.
- Since RRR is favorable a risk can be planned.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Indiabulls looks bullishThe weekly chart shows the possibility of a breakout above 200. MACD is also showing a bullish crossover. If crosses and sustains above, An early target will be around 300.
At this point in time, the risk-reward ratio is quite good. One should wisely choose the position size and manage the risk. Better to accumulate up to the levels of 160 {if goes down}.
This illustration is only for learning and sharing purposes, not trading or investment advice in any form.
All the best.
REVERSAL FOR ROSSARI BIOTECH - LONGOverall target of 13% with TG1 of 6% and TG2 of 13%
Buy at CMP - 688-693
TG1 - 728
TG2 - 781
If price level comes near 662, then BUY more.
Disclosure - I am not a SEBI registered analyst. Information provided here is only for educational purposes. I will not be responsible for any of your profit/loss.
Peninsula Land Ltd - Cup with handle patternThe "Cup with Handle" pattern is a bullish continuation chart pattern that signals a potential continuation of an uptrend after a period of consolidation. When observed in Peninsula Land's stock chart, this pattern indicates the possibility of further price increases. Cup with handle pattern formation complete in 4 months
Key Characteristics:
Cup Shape: The pattern starts with a rounded "U"-shaped bottom, resembling a teacup. This indicates a period of consolidation where the price declines slightly, then gradually recovers to approximately the same level as before the decline.
Handle Formation: After the cup is formed, a smaller consolidation or slight pullback occurs, forming the "handle." This handle often slopes downward slightly, indicating a brief pause before the next move upward.
Breakout Point: The breakout occurs when the price moves above the resistance level formed by the highs on either side of the cup.
Implications for Peninsula Land:
Market Sentiment: The cup with handle pattern indicates a period of accumulation and investor confidence, suggesting that the stock is likely to continue its upward trajectory after the handle formation.
Entry Point: Traders often consider entering a long position once the price breaks out above the handle's resistance level 75, confirming the pattern.
Target Price:
Long above 75
SL below 63
Target 1 92, 100 and 120
Dalmia Bharat - Double Bottom Chart PatternThe "Double Bottom" pattern is a bullish reversal chart pattern that suggests the end of a downtrend and the beginning of an uptrend. When observed in Dalmia Bharat's stock chart, this pattern indicates a potential increase in the stock's price. It took almost 2 months to complete the pattern.
Key Characteristics:
Shape: The pattern consists of two distinct troughs at approximately the same price level 1700, resembling a "W" shape.
Neckline: The highest point between the two bottoms forms the "neckline." A breakout above this level confirms the pattern.
Volume: Volume often decreases during the formation of the pattern and increases on the breakout above the neckline, confirming the bullish reversal.
Current Scenario for Dalmia Bharat:
Breakout: Dalmia Bharat's stock has already broken out above the neckline, indicating a confirmed bullish reversal.
Retest: The stock is currently retesting the neckline, a common occurrence where the price returns to the breakout level to test its new support.
Implications:
Market Sentiment: The successful retest of the neckline can strengthen the bullish sentiment, suggesting that the previous resistance level has now become support.
Entry Point: The retest provides an opportunity for investors to enter a long position at a potentially lower risk, as the new support level is confirmed.
Target Price: The target price can often be estimated by measuring the distance from the bottoms to the neckline and projecting it upward from the breakout point. Target level 2000 - 2050
Example:
If Dalmia Bharat's double bottom pattern had bottoms at ₹1,700 and a neckline at ₹1,850, the distance is ₹150. Following the breakout, the target price could be around ₹2,000 (₹1,850 + ₹150).
In summary, the double bottom pattern in Dalmia Bharat suggests a bullish reversal, and the current retest of the neckline is a critical juncture. If the retest holds, it may present a favorable entry point for investors, reinforcing the likelihood of an upward trend.
Regards
Arvind Yadav. Cfa
Arvind Share Academy
BPCL [cup&handle] Bharat Petroleum Corporation Limited (BPCL) on a weekly timeframe.
The chart shows a series of cup-and-handle patterns, which are bullish continuation patterns.
The price has recently broken out of the last cup pattern, indicating potential bullish momentum .
1st Target (1st TRG):
The price level around 344 INR is marked as the first target. The stock price has recently touched this level and faced some resistance.
2nd Target (2st TRG):
The Fibonacci extension is marked as the second target range, between approximately 400 INR to 440 INR.
Volume Analysis:
The volume has increased significantly during the breakout, which supports the validity of the bullish move.
Support Levels:
The previous resistance level, now turned support, is around the 270 INR to 280 INR range. This is the bottom of the cup pattern.
Immediate Support and Resistance:
Current Price: 307.60 INR.
Immediate Resistance: 344 INR (1st TRG).
Immediate Support: Around 270-280 INR.
Two scenarios :-
Bullish Scenario:
If BPCL maintains its bullish momentum and breaks above 344 INR, it could move towards the 400-440 INR range.
Bearish Scenario:
If the price fails to sustain above 344 INR and falls below 270 INR, it might retest lower support levels, potentially around 240 INR or even lower.
Targets:
If the price manages to break and sustain above 344 INR, the next target range would be 400-440 INR, as indicated by the Fibonacci extension.
for MORE check in my Tv-id
in.tradingview.com
If You LIKE👌👌 MY study ......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