NIFTY 50 EOD ANALYSIS 20-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
EOD - -152.15 points /-0.83%
India VIX = 18.31...
I have a very simple Intraday strategy which works really good. I would like to know your comments, advice or any faults you think my system might have, do paper trade this before actual trading.
After market hours I scan stocks in the 15 min time frame to find out which stocks have broken above or below a range of say 20 bars behind. Meaning from last 300 mins...
Trade Logic | LONG TREND. SMALL PULLBACK HAPPENED. WATCH FOR BREAKOUT LONG TREND TRADE NOW
Stop 114 -11%
Target 143 +12%
RR 1.2+ 2nd Target Open
Details on chart as always
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Trade Size 2% Max
Max Trades 20/ Month
Time Frame 20 Day. 1 Month....
NEXDIGITAL LTD might give the breakout tomorrow. The breakout level is 545.
Target will be 620 and 725 respectively.
Target 1: 620 (within 10 days)(might be hit tomorrow)
Target 2: 725 (within 30 days) (might be hit in this week)
You can check the youtube link
EXPLANATION : This is a 1 hour time frame chart of IBULHSGFIN , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on IBULHSGFIN .
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Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
HDFC BANK - OPTIONS STRATEGY EXECUTED IN MY ACCOUNT
While I was getting ready to write a post cum video on the Infosys Strategy, I looked at my holdings and realized that HDFC Bank was once again at a make-or-break juncture - 1630. It has turned down from this level quite a few times. So exited half my position at the price and banked the gains.
This helped me...
Tatva Chintan Pharma- Recent IPO - CMP 2250- Mcap 4989 Cr
There is no Margin of Safety Currently in Valuations if i look it as a Long Term bet.
However- Currently China Factor is Keeping Speciality Chemical Companies Afloat and Bouyant. As long as sentiments are good, Valuations can go Crazy.
Speciality Chemicals can be a good Theme to Trade.
CIPLA | LONG trade watch | Breakout possible. Good move . expected. wait watch. More details on chart
Entry . Breakout Buy
stop . Swing Low
Target 2:1 RR . Hold for more
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Indiabulls Housing Finance looking good buy at these levels and can add if comes down to 220-215 range for marked Targets on the chart until 205 is intact on the closing basis.
To motivate me, Please like the idea If you agree with the analysis.
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Stovekraft price has seen a sharp rise from 783 to 1018 level and consolidated in a zone until recently.
The price has broken out the range with high volumes and took a pullback and rose today.
If the price manages to stay above 1068, the pullback will be a success, you can go long.
The stoploss and target levels are mentioned on the chart.
#Gold Futures, 1D
CMP : Rs. 47248
Analysis : Gave a nice pattern breakout & retest towards 20/50 EMA, after bounce the resistance can be face near Rs.48350 zone, if sustain above this level then Rs.50,000 level can be seen (+5%) from CMP
#NoTradingAdvice, it's just my analysis & view