IOC Chart set upIOC
- The stock even in a strong market condition is struggling to get past 21 day EMA
- The stock traded in yellow channel for approximately 3 months
- Now trading in the red channel zone
Target for the current set up 64.15 / 61
Be cautious if IOC closes above 68. Pattern gets invalidated if stock goes above 70.30
Take care and safe trading...!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Tradingidea
Alibaba Group Holdings Ltd Hi Everyone
This is an forecast of Alibaba group Holdings we have completed wave 1 called M1 ( medium term forecast). Time frame for Medium term forecast is usually 2 to 4 weeks.
We are currently in wave M2 which is still progressing but almost in last stage. So price should move downward unless it brakes invalidation Level.
use our tradingview live links for the update in counts.
Thank You
Aurobindo Pharma: Chart set up and trading strategyAurobindo Pharma
Observations
- stock is currently trading in downtrend channel
- strong bounce back was seen from lower end of the channel
- the line of support at 885 identified in my previous post on June 24, 2021 also provided support
- currently trading at midpoint of channel
- till the time trading above the blue line, Medium term trend is still up
Given the set up, one may consider the F&O strategy
Sell 880 Put option around 14
Max profit potential Rs 9100/- per lot
Importantly inbuilt loss protection for a fall up to 866 on expiry day
Take care & safe trading
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
TATA Motors: Has been in the 5th gear... Roadblock ahead at 280Tata Motors
CMP 270
The stock has seen a stupendous rally....
we observe two gaps in the region around 280...once while going up and the 2nd while coming down....
Going forward, 282-288 zone could be a crucial resistance level to watch out for...
Given the set up one may Consider
selling Feb expiry 310 Call option around 10
& buy 330 Call Option around 6
Lot size 5700
As the lot size is quite large, the strategy would reduce the cost drastically and give decent return potential...
Max profit potential Rs 22800/- per strategy lot
In built loss protection for a rise in price up to 314 on 25 Feb 2021
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: Chart set up and trading viewNifty
CMP 14616
Last time we had suggested a bounce back towards the upper end of the channel
- Current rally is an extension beyond the channel similar to what we saw at the lower end of the channel ( a kind of mirror image pattern)
At current levels it provides good Risk::Reward ratio to go short....
Chart7: RBL bank is looking good for the targets of 330/400 plusNSE:RBLBANK
Trading Idea: Positional/Short term/Swing traders can enter too for short term gains
Reason Behind Call: RBL bank is at demand zone . Chart is looking good for good rally in coming days.
Chart Pattern: Price Action
Targets: 330/400 Plus
Stop Loss: 200 on Daily Closing Basis
Holding Period: 3 to 6 months
DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
Nifty Rising Wedge PatternA rising wedge pattern seen in the NIFTY chart clearly says that Nifty is trading at highest levels of the upper band and upside is limited till 10300. Firstly, Nifty will touch the lower band of the Rising wedge pattern & later can break also. Breaking lower side of Rising wedge can drag Nifty towards 10500 levels.
F&O data analysis & Nifty strategy for 16th April weekly expiryIn our previous post we had highlighted the importance of 8986-9027 level. That level is still being respected. Nifty has closed in the said range at 8993.
Let’s see what data has to say for the expiry week 16th April 2020.
FIIs sold 8.46K contracts worth 474.69 Cr.
FIIs booked profits and squared off 7489 Long Contracts and they added just 979 Short contracts.
Retail Clients added 5507 Long contracts and exited 11312 contracts from Short position.
Pro traders squared off 2226 Long contracts and added 4181 Short contracts.
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Option Data Analysis
On the Call option front FIIs bought 7318 Long Contracts and added 6010 Call Short Position.
Retail traders were again active in Call Options adding 1.06 Lakhs Long contracts and adding 89.3K Short contracts.
Pro traders bought 21.6K Call Long and also created fresh 40.50K Short Contracts.
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On the Put Option front, FIIs bought 8565 Put Long contracts and also added 5466 Put Short contracts.
Retail traders added 93.7K Put Long and created 85.2K Put Short contracts.
Pro traders have bought 23.9K Put Contracts and added 35.5K Put Short Contracts.
Prima facie, it looks like Retail traders are expecting a big move, although, are not sure in which direction. FIIs are still playing it light and Pro traders are playing for a range bound movement.
The broader range is 8500-9500. However, considering Tuesday is a holiday and looking at the activity there is a strong probability of expiry between 8788 on the lower side & 9185-9233 levels on the upper side.
So that's our view.
Aggressive traders may consider the following strategy
Sell Nifty 8800 Put option 16 April expiry
Price range: 100-120
& simultaneously
Sell Nifty 9200 Put option 16 April
Price range : 90-100
The strategy will have maximum profit potential of Rs 14250 – Rs 16500/-
In built loss protection for a fall up to 8610-8580 or for a rise up to 9390-9420 in Nifty levels on 16th April 2020.
Tomorrow being a holiday Will update further in this thread on Wednesday morning.
Keep watching... Do hit the Like button and comment below
Take care & safe trading…!!!
NMDC: Likely heading towards 89 - 93 levelsNMDC
Levels are mentioned in the chart.
Alternatively one may consider the following F&O strategy
Consider selling NMDC 30 April expiry Put option
Strike Price: 80
Lot size: 6000
Recommended selling range: 4.5 - 5 (Closing price 5.2)
Time frame: 30th April 2020
Max profit potential Rs 27000 - Rs 30000 till 30th April 2020
The strategy has inbuilt loss protection for a fall in price in Equity up to 75.5 - 75
Take care & safe trading...!!!
Do hit the Like button and Follow for more trading ideas...
BPCL: Will it bounce or fall further...???BPCL
CMP 272
The stock needs to protect 262 -252 zone on closing basis for target of 306 / 332
Alternatively if the stock is unable to hold above 262 it may be a signal of further weakness and potential target on the down side comes around 236 / 206 / 196
Important levels have been identified
Plan your trade accordingly...!!!
BEL: Levels that may ring the bell...BEL
Closing Price 112.1
- the stock has seen a consolidation phase of 8-9 months from Sept 2018 till later half of May 2019 when it gave a breakout above the green zone
- looks good on any dips towards 104 or crossing above the yellow zone (closing above 122)
- target for the current set up 134 / 148 / 158-162
- SL if weekly closing is below 97
Stop taking long position on TCS...! reason behind it?
The left side to the right, each excess have tails before the turn. You can see with both eyes at excess(f) has started to create TAIL which is -ve for long and indicate for reversal the trend.
With TimeCycle analysis, 1st-phase has 43bars and 2nd-phase and 3rd phase till continue.
Turn on your eye on volume, it's reducing.
Prev. Resistance is at 2194.5 , so seller and profit booking can be seen that time with a TAIL .
Short sellers have two points of target, one Control Price target 2117 nearby and prev. strong support at 2051.
IRB: Off the roadblock where more green signals visible than redIRB
Cmp 147.55
In the current run up we observe the stock having more up days with strong buying and volumes are less when stock is in the red.
- a classic scenario to enter long position especially on dips for medium term
- levels are mentioned in the chart
Take care & safe trading...!!!
TATA GLOBAL chart viewTata Global
CMP 214.60
Tata Global seems to be trading in a downtrend channel.
Given the current setup, the stock may likely fall towards 192-188 zone
216-220 zone could likely act as resistance going forward.
Take care and safe trading...!!!
State Bank of India channel trade potentialSBIN
CMP 300.85
The stock has been trading in a channel for quite some time now..
Potential trade opportunity
Channel trade potential
Sell at cmp
Target 295/ 288
SL If closing above 303
Break out trade potential on close above 303
Target 310/318
SL 296.5
Take care and safe trading...!!!