Bank Nifty levels for 19th May 2023 Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
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Seen Breakout :: Ugar Sugar can fetch 18-24% in short termABOUT COMPANY:-
Incorporated in 1939, The Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and generation and distribution of electricity.
Primary trend of Ugar Sugar Works has been bullish, as stock is holding above long term moving averages. We have seen also a downward slopping trendline breakout on daily charts. Price breakout is accompanied with rising volumes.
Indicator and oscillators have turned bullish on the daily and weekly charts. Sugar sector has started performing well after healthy correction.
So if anyone wants to go long can go with 102.35 current levels. You can also accumulate if you get 95-100 levels and place a stop loss at 88 and go for target above 120/124+,,minimum 20% returns possible in short term. Please follow strict stop loss.
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BITCOIN USDTTime frame 1 hour, going long at support where as the risk is low like every other trade as per my setup. There were multiple thoughts before entry if I should enter or not. I am sure this happens with many novice trades like me but to be in a league of professional we've got to enter a trade as per our own trade setup without a second thought. If there is a trade plan execute, post entry there is either SL or Target but what nobody teaches us in any course or book that it what is outside the chart that is required is PATIENCE, EXECUTION, PSYCHOLOGY, PRACTICE.
WAIT & HUNT
Nifty important levels for 20 April 2023Nifty
Important levels have been mentioned in the chart
Nifty has fallen for 3rd consecutive day
- yet again held on to the blue support zone for April series
Yesterday I had mentioned that 17566 is an important level to watch out for as it can give an entry opportunity to both Bulls and Bears. For a 20-30 points risk it provides a reward potential of 80-100 points
Nifty made a low of 17579 ( 13 points from 17566) and closed the day at 17618.
Tomorrow being weekly expiry, upper level may be capped at 17732 odd levels
On the downside 17566 still holds the key.
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 METAL UPDATENifty Metal is at it's resistance level .
IT need to close above it's resistance level of 5830 for futhur upmove to 5900 and 5990 levels .
One can follow this chart and play for levels in Nifty metal .
Disclaimer : Posts are for educational purposes only ; not any buy or sell recommendations..
Please consult your financial advisor for initiating any trades
NIFTY Levels and view for Tomorrow DT. 20.04.2023Nifty Resistance - 17666 , 17720
Support - 17450-17442 , 17350
Nifty is forming Lower low on daily TF
Sell on rise is expected to continue in Nifty 50 .
Index is continue to be sell on rise and downside major support is of level of 17450-17442 & 17350 .
Nifty: Important levels for trade day 18 April 2023In previous post
One of the 3 important levels given on the downside was 17708. Nifty closed the day at 17706.85
Also had suggested the blue zone may act as Support zone for Nifty in April series.
Despite poor reaction to Infy numbers, Nifty has managed to take support in the blue zone. It recovered more than a good 100 points after touching the blue zone. What next…
Let’s see what Data is telling us…
Index Futures
Retail traders added 7833 Long contracts and squared off 6663 Short Contracts
FIIs exited 3406 Long contracts and added 4015 Short Positions
Pro traders exited 5015 Long contracts and added 9027 Short contracts
Index Call Option
Retail traders added 20.64 Lakh Call Long contracts and also added 18.67 Lakh Call Short Contracts
FIIs added 2.89 Lakh Call Long contracts and added 2.72 Lakh Call Short Positions
Pro traders added 4.13 Lakh Call Long contracts and added 6.27 Lakh Call Short contracts
Index Put Option
Retail traders added 12.90 Lakh Put Long contracts and added 12.27 Lakh Put Short Contracts
FIIs added 1.87 Lakh Put Long contracts and added 1.76 Lakh Put Short Positions
Pro traders added 2.88 Lakh Put Long contracts and added 3.63 Lakh Call Short contracts
Overall Put Call Ratio cooled off to 0.99 from 1.31.
Given the chart set up and Data inputs Important levels on Nifty spot for 18th April 2023
Important levels on the upside 17776 / 17804 / 17836
Important level on the downside 1 7615 / 17584 / 17551
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
HDFC STOCK BIG BREAKOUT.Great BO with bullish candle now HDFC stock is consolidating for a while . This happens when expected for a big move calm before the storm. Stock is forming the flag pattern. Can take entry after the BO of the pattern with Good risk to reward trade.Keep the stock in your watch list. This is for your educational purpose only.
Respect the SL? Check why it is important to respect the SL?Why We need to respect Stoploss?
#tradingclasses #tradigstrategy #tradingideas #tradingcourses.
With Technical analysis , we can predict the next movement of the market 80-90% most of the time, and 10-20% of the time market reverses. we need to respect that 10-20% failure to sustain in the stock market career. Market is always superior. . If we dont respect the SL, this will lead to washout of our capital and more than that it will affect our psycology and trading journey.
with this information, Hope u traders take trade with predefined SL to find success in trading journey.
cheer us with thumsup;
thank u n Happy Trading
IGL stock to take long entryLong IGL above 435 levels for the target price of 455-460 . All important levels has been marked on the charts. 5 star Trading setup analysis:
1- Star- RSI taken well support at 40 levels sharp V turn.
2- Star- Resistance BO with very strong bullish candle & trading at support level.
3-Star-- After the second BO of marked resistance area well confirmation and can play trade.
4-Star-- Stock trading within channel & trading forming bullish sign from the lower channel.
5- Star-- Stock has been crossed the 50 as well as 200 EMA.
All above setup is good to go for high probability long entry with good risk to reward trade but not 100% full proof .Therefore, more important this setup can also be failed. So the stop loss need to be placed well in advance to avoid any fall in the stock market. This is for your education purpose only. Learn & trade only#.
ITD Cementation to take for long entryITD cementation stock respecting the TL resistance. If this stock is able to BO the TL then a good move can be expected in the stock. Long after the BO for the first target of 125 then 145. Keep trail SL once touched the fist target. Keep the stock in your watch list. This is for your educational purpose only.
When to retake the calls and how many times?#tradingstratgyWhen to retake the calls given and how many times?
Once the SL hits, we need to wait until the price reenters the buy zone with an increase in buyer volume.
Hey Traders,
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DLF to be taken in watch listKeep DLF stock on your watch list. If the share is able to cross the TL in the coming days we can see the 400-plus target in the coming days. One minor pullback or sideways for a short period can be seen before a clean BO of the area. So accordingly entry is to be taken as per risk to reward ratio. This is for your educational purpose only.