Tradereview
How to make position on BankNifty on 5th Dec - Trade AnalysisMarket open at 53 point high after create a red candle in 15 min. First 45 min price consolidate near resistance. after that a big red candle and a good down move we can see till 14:15.
Why breakdown why not breakout ?
If we can see from 4th January's 12 pm see green candle's volume is decreasing but price is increasing.
Here Red candle's volume is increasing.
MACD indicate bearish divergency in 15 min.
If we can see OI data Here we can see CE writing is increasing and PE writer exiting there position.
If we can see future chart here clearly indicate squire off future position also after 10.42. (Getting More Confirmation) .
All This combination indicate a short covering is coming in market. That's all.
After Taking trade when you have to book profit?
You can see a trend line . when ever price touch or near about trendline you can book your position.
How can I take position when up move come ?
See after a downfall when price increase and cross the trendline (Orange color).After that you can a long position till resistance (48178) . That's all.
Remember one things we have to follow our risk management and believe in price nothing else.
Booked 7% in GUJALKALI - Posted yesterday with logic 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
Already posted: Now a review :) - Took a good trade-in HINDALCO
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Naukri moved 20% after my analysis - Pro Chart reading JUST A REVIEW OF MY ANALYSIS DONE AT: 4520 levels and 4820 levels :) now it might rest here sometimes or might even go for the ATM :)
PEOPLE WHO are in this trade should book some of the profits 50 to 70 % and SL trailed to today's Low :)
Nice analysis :)
Thank you and don't forget to follow your technical analysis buddy here:------------------->>>>>>> @Averoy_Apoorv_Analysis
Also, I have attached potential trades and other ideas above the comment section do check them too :)
Analysis done at 73 - Now at 79 | 7% in a Day gained Stock analyzed: NALCO
Just a trade review :) Already analyzed on my page
1:1 Risk reward done in a day, sometimes the market is more kind than other days, 70 to 90% of partial profit can be booked here
(30 % to 10% invested amount should be held with a trailing SL of price bought at
Happy trading and don't forget to follow
Analysis done at 145 - Now at 165 | Trade reviewCharts speak more than my words now here : low risk setup ;; huge rewards :)
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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IBULHSGIN seems very, one can go long with TARGET 248 IBULHSGFIN (Indiabull housing finance) jus gave its entry point @192.25 wid stoploss of 188, It can show bigger moves in upcoming days and seems very bullish , it has a behaviour of touching its long time down trendline then it shows bullish moves . but since march 2020 it didn't break its 249.5 levels ,so our TARGET will be 248 which is again a very good move of 55% gain , if it sustains 249 level one can go long with a target of 309.
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