Trade!
shorting hdfcbank overbrought at its peakhdfcbank short trade : short idle 1-2 % retracement
plan according to your risk management
as shorting a bullish stock risky so take measure's
my target 1666 -1670 level exit as soon as possible rsi currently at 97 ill see if i can hold till 80 atleast assuming can give required target
ITC long monthly time frame Itc breakout in monthly timeframe.
This is triangle pattern breakout, one can keep their stop loss @200 and target @360
so this trade is 1:2 risk reward .
Volume is also good , rsi also giving buy signal same as 2017.
This is only for educational purpose not a financial advice.
Dmart buy Buy dmart at 4000 level target 2 %
Btst better I would say if today target not possible !!!
Plan your risk to reward correctly : if you make loss more today and profit less tomorrow then no point its better not to trade if risk to reward is not good Always approach with mathematical
intuition , analysis , see the big picture , Dont risk today too much which will result in not enjoying tomorrows profit !!!!!
What is Technical Analysis..?Technical Analysis is the study of price and trend changes in Commodities, Stocks, Futures and various other market instruments. The price changes are primarily evaluated by
various indicators, oscillators or trading systems to give a trader an edge in trading. Technical analysis is not a perfect science by any means, but it does have certain characteristics,
patterns or indications which may be repetitive or may be intuitive and tend to possess Zen-like predictability power. Technicians plot these prices and price changes on a chart and
apply various indicators and studies to figure out potential supply and demand areas, trade setups, targets and stops to win. Technicians have developed various methods of
representing market data on charts. The most extensively used charts are bar charts, line charts, candlestick charts and point & figure charts. There are many other variations like
Kagi, Renko and Range bar charts.
The most basic charts in technical analysis follow simple Cartesian structure (X&Y axes) to draw in 2-Dimensional space. On the X-axis (Horizontal), the time is plotted and on the Y-
axis (vertical) the corresponding price is plotted. Any indicators derived from the time and price values, are either overlaid on the chart itself or plotted in secondary-graphs below
and above the main price time chart. Some traders plot volume on the X-axis as a representation of market activity. Charts are plotted using various scales such as arithmetic or log
charts. Arithmetic charts have the same distance between the prices where as log or semi log charts have a variable distance to represent the proportionate price movements.
There are many facets in technical or chart analysis to understand and master. Price, Volume, and Time are the three most basic components of the market. Many successful traders
only study price action to make money . Many other traders use complex mathematical theories and faster computer technologies to analyze and participate in the market action.
Nevertheless, regardless of any trading theory or complex mathematical algorithm, the success in the markets lies with individual who can clearly understand the price-action and
make the decisions to pull the trigger at the right time with excellent discipline . These individuals possess a higher understanding of market theories, market psychology and
dynamics and money management methods and have mastered their execution skills. Charts, patterns, indicators and software are only basic market tools. Successful traders view
them just as tools and understand the usage. They build a theory and trade with a solid money management plan.
Titan Analysis !! Broke Out.📈 Titan Company Ltd. 📉
This broke out from a Resistance Zone of 2665-2695 and closed above previous swing high of 2600 .
On Buy Side I am looking for Targets of 2950.
Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept below 2500-2550 zone.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
ICICIGI - Swing TradeICICIGI
Buy-Above 1285
Sl-1200
T-1400 1470 1500+
The stock has been in a declining phase since SEP 2021. A short term base has been formed near 1200. Short term traders can take advantage of 8-10% move. It has made double bottom, neckline is 1285. Consider a long position above this. Sl will be the last swing low near 1200.
Titan moving towards new highs.Titan has closed above the resistance level and formed a new ATH.
The stock has broken the resistance level with volume confirmation and on fib levels can travel up to 2835.
On an hourly time frame the stock has formed a flag and pole formation.
Wait for the levels to be respected or broken and watch for the chart pattern to form near the predefined levels.
Support:- 2670, 2600
Resistance :- 2715.
The stock can give a nice move on the long side if closes above the immediate resistance level.