IREDA trade set-upNSE:IREDA has been a darling of traders since listing and now it is following a very beautiful trendline. Traders can keep this line as a stop loss and can continue riding as long as it holds it. IREDA is a PSU which finances green projects and also recently got a Narvratna status.
Tradesetup
APL APOLLO TUBES - Symmetrical TriangleAPL Apollo Tubes recently formed symmetrical triangle and expecting the breakout in upcoming days.
1. If price break and close above lower top (downtrend line) then buy order will be initiate
2. If price break and close below the rising support then sell order will be trigger
Thank You
Arvind Yadav, Cfa
Arvind Share Academy
Asian Paint - Rounding Bottom PatternAsian Paint is about to complete the formation of Rounding Bottom.
Rounding Bottom pattern will activate only after the breakout of the Neckline - 3040 level
Rounding bottom chart pattern is a bullish reversal pattern which is formed at prior intermediate support level and hold this level from 2021.
Long trade will initiate only after the neckline breakout.
Stop Loss would be the prior swing low before breakout.
First target would be the depth of the bottom pattern, Calculate depth and add the depth from the neckline level
SOLANA updated move (SMC)As SOLANA continues to follow the chart pattern I previously shared, it has successfully mitigated the demand zone and is currently moving in line with it.
So far, this movement has resulted in approximately a 10% profit . Considering this positive development, it would be wise to start booking profits partially while implementing a trailing stop loss strategy.
Our next target should be the recent high that SOLANA reached. However, it is crucial to keep an eye on Bitcoin's price movement as well.
Bitcoin often influences the overall cryptocurrency market, so any significant changes in its value could impact SOLANA's performance.Additionally, it is important to note that the current market sentiment appears to be greedy. This means that investors may be more inclined to take risks and potentially overlook potential downsides.
Therefore, it is essential to exercise caution and manage your risk accordingly.
I will continue monitoring the situation and provide updates as necessary.
NATIONALUM - Swing Trade for Long ⚡ 🚀NATIONALUM is moving out of significant consolidation and can move towards a Weekly breakout. It was the previous support and after the downward flight it acted as a resistance and now it had given the breakout.
#SwingTrading
#Breakout
#PriceAction
Disclaimer: This video is for educational purposes and not a recommendation. Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
LEMONTREE: Riding the Upward Wave 🔥Lemon Tree: Ascending Triangle Breakout 🚀
Lemon Tree, a major player in India's hotel industry, is making waves. 🏨🌟
📈 Technical Analysis:
The stock is exhibiting an ascending triangle pattern breakout, indicating a potential bullish move ahead. This formation suggests that the upward momentum could continue, presenting a trading opportunity.
🔍 What's Happening:
Lemon Tree, known for its hospitality excellence, is riding on positive sentiment. The ascending triangle breakout could signal a further rise in stock value.
📊 Trade Idea:
Consider a long position in Lemon Tree with appropriate risk management strategies. Keep an eye on price action and volume for confirmation.
(Note: This is not financial advice. Perform your analysis before making trading decisions.)
Stay tuned for more trade ideas and insights! 📈🔍
#TradingView #StockAnalysis #LemonTree #TradeIdeas
Nifty 50 Weekly Market Outlook: July Week 1, 2023
On Daily charts, we observe that a new channel trendline has been adjusted after previous week’s rally and a new bandwidth line between the lower and upper bound has been redrawn too. Last week rally is breakout above bandwidth resistance ( Support point now: 19,042) which will act as a first support moving next week.
On higher levels we can see a rally upto 19,317 which is the channel resistance point, although less likely on grounds that Weekly charts show rally to ATHs has been on a declining volume and rising prices since last week of May 2023, indicative of weak price action and definitely after breaching a psychological resistance we expect a profit booking from current levels. So outlook is to watch till 19,317 but expect profit booking simultaneously.
Lower levels stay intact at 19,042 as first resistance which is centre/bandwidth point of channel and a breach below this point will push the index to 18,896 undoubtedly. There’s a consolidation between 18,734 – 18,896 which we expect to hold index in case of further drawdown.