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ABB Ltd | 3 way Trade strategies Trade strategy for ABB India Ltd can be approached by 3 ways. Below are the ways mentioned, 1. Since 1620 is good resistance, shorts can be initiated at current levels with stops above previous traded high of 1640. Exit points can be either on i)Rising trendline level or ii)Support area between 1547 & 1567 or iii) 1505/10 2. If the stock breaks the above mentioned resistance and closes above 1620/40 (where eventually the earlier short would be stopped out), go long with stop below 1600 with potential exit point as indicated by Bullish flag @ 1825. 3. If the stock continues to fall and breaks down below 1500 on closing basis, we could get a confirmation of a double Top pattern. In this case, we can initiate short with target as indicated by the pattern @ 1386. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:ABB
by AkhilSuryaFS
2018 Sept 17 Trade Plan for IDFC, next target is 60.20 IDFC: On the basis of volume as well as Marked Delivery, it is preferred choice. As per my data analysis there is a financial institute action or High Net Worth buying or Operator move emerged in the counter, resulted more than 70% marked delivery. This is the highest marked delivery value in the calendar year, (i had excluded 28th March. It was the day before year’s final future session, it seems it was ritualized JV between Funds.) Considering volatility of 14th Sept. session (+40), it seems that it was one of the the rare combinations of volatility as well as marked delivery. Chart it is suggesting next top level of 60.20. Of course, it is in my intraday gainer list for target of 51.30 Swing target is 55.30 In short, after a long time, IDFC is in Intraday, Swing and Investment list. Trade Plan : I am going to buy in the first few candles, of course below 51.35, The assumption is, in the Morning Euphoria, to take the first move advantage, the counter shall move higher to form Higher High. I Shall book 50% at that rate, as intraday trader. Since i have long term view, my planned SL is 48.10, But i shall hardly triggered Stop Loss at that rate, as share had formed few technical patterns from June 18 to Sept 18. like rounding bottom, formation of cup and handle, recently it had crossed 10 DMA as well it is above 50 DMA. 200 DMA is few points away. Smile.
IEducation
by thevaldhaval
BERGEPAINT's Intraday Trade Plan for 13 Aug 2018It is 4.33% big BULL forming HHHL future candle. In the morning euphoria, higher high shall be attempted. If you are too fast to trade, attempt to catch it, otherwise wait for new high, before 10.30, it shall be attempted. Decide on the basis of volume. If the volume is lower than 043,000 and BB Top is crossed, wait for RED candle. Whenever rates are coming under BB Top, SELL at that rate. SL will be BB Top+ o.25% If Volume is higher, in that case, SELL whenever rates are coming down to BB Bottom. In that case of SELL, SL shall be (BB Top + BB Mid)/2 Trade Plan is based on EOD data of NSE dtd 10 Aug 2018
NSE:BERGEPAINT
by thevaldhaval
Tata Motors: Island formationTata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively and of similar magnitudes on a closing basis (38 & 36 points respectively) - thereby forming an island of trade of more than 1 year Scenario 1 The stock goes up... sees price rejection and falls down Scenario 2 Stock gets sold in to and falls deeper Strategy 1 Buy at current levels for target of 405-415 If the stock sees price rejection around the 416-422 zone then sell for downside target of 344-348 and probably even 322 Strategy 2 The stock goes below 374 and is unable to recover above 384 then sell with minor stop of 384 for target of 344-348 - wait for a bounce back. if we see price rejection again in the zone of 362-380, then sell for deeper targets Take care & safe trading...!!!
NSE:TATAMOTORSShort
by indiamarketoutlook