High Condfident Trade Setup on IBULHSGFIN (Ending Diagonal)It's a short term chart and I'm looking for short selling. You can see the 5 waves up on the arithmetical scale. I'm looking at little good level to short sell such as 269-272.
If we just look the retracemenet 38.2% is at 255 which is also in the area of previous support{wave((4))}. Therefore certainly there's a great potential for the downside as target. require to observe 269-271 for maintaining risk reward ratio.
The Ending Diagonal - invalidation
If the price will go 277, then this wave counting is invalid.
Tradesetup
LIC HOUSING FINANCE TRADE SETUP Lic housing finance has making w pattern so tomorrow stock can give the breakout.
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So for tomorrow if stock goes above 354, you can buy this trade target would be 364.
Minda Corporation Trade Setup For TomorrowAs you can see in the chart, Minda Corporation done the v shape recovery and after some consolidation.
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Stock has made a strong green candle now for tomorrow,
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If stock goes above 158, you can buy this trade for the target of 162.
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Note: Be cautious if market is negative, avoid the trade.
Trade Plan 17 Dec 21 onwards : Bank NiftyFollowup and further plan of action
Levels as mentioned on the chart with probable Price Action to follow.......
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
Titagarh Wagons [Weekly]Reaching support levels. If it breaks 84-85, TW might dip to the next support level of 74.
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Remember, if the overall market dips, most stocks will also go skinny dipping.
Happy Trading!
Bank of Baroda [Weekly]Depending on the overall Market Conditions BoB looks good for grabs between 86-88. Should BoB bounce from support, you can probably capture anywhere between 10-12% (in a decent /responsive market).
Please read the overall market condition before investing. This is not an investment advice. It is just my point of view from a weekly perspective /time-frame.
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Keep in mind that if the overall market dips, most stocks will also go skinny dipping.
Happy Trading!
Ashok Leyland Trade Setup for TomorrowAs you can see in the chart, Ashok Leyland share has made w pattern and given the strong BREAKOUT.
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So for tomorrow you can buy if it goes above 126 for the target 129-130.
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What's your view on this comment below in the box.
Tata Motors Trade Setup For Tomorrow (Short)As you can see in the chart stock reverse from the resistance level of 480.
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Now again stock is the at the where you can sell this trade, if Tata motors go below 466,
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We can sell this trade for the target of 458, if stock goes below 450 then maybe stock can fill the gap.
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So what's your view on this comment below in the box.
HDFC Good short opportunity for INTRDAYHDFC is looking for short in INTRADAY a short can be done if opens gap up from 2710 or below 2660 if opens flat
ALWAYS follow proper risk management and position sizing
DLF TRADE SETUP FOR TOMORROWAs you can see in the chart, DLF is consolidation from last 3 to 4 days,
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Now today stock is given the closing above consolidation, now if stock goes above 386,
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We can buy this trade for the target of ₹400.
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What's your view on this comment below in the box.
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Note: if market is opened gap down, so don't buy this trade before breakout.
Ramco Cement Trade Setup For TomorrowAs you can see in the chart, 924 is strong support many times stock tested this level.
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If tomorrow, stock break the support level & goes below 924, we can buy this trade for the target of 900.
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What's your view on this comment below in the box.
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Note: we will only buy this trade once it goes below 924.
Simple Trade Setup | SIEMENS | 18-11-2021 [ INTRADAY]NSE:SIEMENS
Observations:
1) On 1day time frame, it closed below 10DMA.
10DMA is placed at 2362.46.
Immdiate resistance level will be 2360-2365 level range.
Also Immediate support range is 2300-2320 level range.
Immediate breakout level is 2400 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, If had made rounding bottom pattern. But couldn't give breakout of 2400 level.
But it is sustaining above 2300 level range.
Please refer below chart : 1 hr Time Frame.
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Trade Setup for Date: 18-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Sbilife Trade Setup For tomorrow (short)Sbilife is making a good price action a good downward momentum stock give the correction.
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Now stock is testing 1150 levels, so for tomorrow if stock goes below 1150 you can sell this trade.
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Target would be around 1125.
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What's your view on this comment below in the box.
Breakout stock Cipla Kiss Principle(keep it simple and Straight)Cipla is simply Trading Short term within the Box Pattern.
Falling line will be decisive factore along with the Mid line of bod for Buy and sell entry
Buy above 918 TGTS will be 938/960/1000 in shortterm
sell move will be depended on falling line,mid and upper line of the BOX
As i always recommend flow with the Market be a Bullear all linear lines and pattern lines can be entry level or Exit Levels
Banknifty Nov Future intraday Levels for 03/11/21Bannifty NOV FUT is Trading short term in Rising wedges and taken support just above DS ZONE Look out for Breakout.
As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels.
Banknifty intraday Levels for 03/11/21
Buy above 40120
TGTS 40140/40250/40350/40510/40640 MaxUp(40775-41040)
Sell Below 39990
TGTS 39930/39860/39600/39530/39400 MaxDn(39200-38940)
Minimum Points Gain in a Day is 220 points and Max 2450 points
Avg of last 16 days 742 points
AMARAJA BATTERY | Risky Long SetupUnusual pullback after a long term downtrend in stock indicating weakness in present trend. Momentum of counter trend pullback is stronger than usual with MACD making fresh high since the last 9 months period. Price is also trading in a Channel right now and bounce from lower levels is visible here. A long trade can be made here with strict "stoploss" of 678 or conservative traders can use break of channel as a stoploss. First target should be around 740 and second target is Channel's upper band.
HDFCBANK AnalysisAfter making a hammer at support level of 1580 price has seen momentum in next sessions. Hdfc Bank is heading towards resistance area of 1630 if that gets cleared then it can go to 1670-1700. Support is at 1580 as of now if that gets broken then we can see 1533
INDUSIND - LONGOnce the NSE:INDUSINDBK closes over the 1205 level, it will prepare to accelerate.
The breakout of a multi-year trendline adds to the conviction.
This idea is not suitable for F&O traders as Indusind bank being a high volatile stock.
Entry if the price closes above 1205; SL if the price closes below the Trendline.
O nly for the purpose of education. This is not a suggestion for a trade.
ASIANPAINT TRADE SET-UP FOR TOMORROWASIANPAINT share testing 3147 level as you can see in the chart, there is a strong resistance.
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Stock is making trendline and made higher high, tomorrow if stock break 3147 we can see the target of 3200.
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If stock break the trendline in downside, we will avoid this trade.
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Don't forget to like the idea.
Simple Trade Setup|GUJARAT GAS|01-11-2021[POSITIONAL & INTRADAY]NSE:GUJGASLTD
Observations:
1) On daily time frame, we can see it take good support from 200DMA and bounce back.
But still in the downward parallel channel. Breakout of parallel channel will make it in up trend.
We can see major resistace at 640 level.
Please refer below chart : 1day Time Frame.
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For positional long trade
there are two options.
1) Better to let it give sustainable breakout of 640 level. Short term target of 720 and mid term target off 800.
2) If it gives dip till 600 level then one can also take long positional trade. Target will be same.
Keep SL 585 or as per your capital risk capacity.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Positional Long/Buy trade setup | CDSL | Short-Mid TermNSE:CDSL
Observations:
1) On daily time frame, we can see 50DMA is working as support.
In last session, It took support from it closed with bullish candle.
So Major support range is 1290-1300 level.
Please refer below chart : 1day Time Frame.
2) Also on daily time frame, we can see that it is taking support from major support trendline.
And also it has formed symmetrical triangle pattern.
If it breakout upward then it will be bullish.
If it gives breakdown of support trendline then it will be bearish.
Please refer below chart : 1day Time Frame.
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In this stock it is better to take positional trade. Below is the levels and setup for only long positional trade setup.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
UPL Falling ChannelUPL has been trading in falling channel and is currently near the upper band of channel, price rejection is visible at these levels. The price action behaviour of this channel indicates that we can see some fall in UPL and price could go to 700 & 680. View neglected if price breaks the upper band and sustains. Stoploss for this setup is 768 or conservative traders can use channel break as an exit trigger. As shorting a stock on carry forward basis is not possbile and not everyone has adequate margin future trading so here is some strategy that we can use in options :-
Bear Call Spread - use strike price of 800 or above
Bear Put Spread
Silver Analysis After a long bearish move Silver made a strong counter trend move and broke out above the descending trendline on 20th Oct making a recent swing high of 66700 it is now trying to make a short pullback. Completion of this pullback can be a good long entry spot between 64000-65000 in SILVER. If price moves above 66000 then we can see 68000 which might be a resistance. Setup would be "invalidated" if price breaks the trendline again and trades below it.
