BUY signal CESC , Rectangle pattern , Trading is all about skill will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle) and may reach the resistance zone (upper end of rectangle) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Tradingideas
Nifty: Chart setup & strategy for 09 July expiry weekNifty
Closing Price 10607
- important support at 10513 - 10485
- important level on the upside 10658 - 10686
With Result season expected to kick-start from 09th July 2020, we might be confined in a range till then between blue trend line & red trend line.
Given the setup, on any dips in Nifty,
consider selling Nifty 09 July expiry 10450 Put option around (73-82 range would be considered by me as ideal sell range)
Take care & safe trading...!!!
Further updates during Market hours.... So keep watching
Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
GOLD!!!About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
Bullish view on JSWSTEELStrong rejection is seen from 189 level indicating resistance at the upper range of consolidation. Also the chart pattern under formation is Rectangle.
Rectangle is a continuation pattern so the positions can be initiated once price breaks and sustains above 189.
Target after breakout will be 204 and 216. Stoploss can be maintained below 162
HUL: Chart view & Strategy for HULHUL
CMP 2140
Resistance at 2200-2265
Target for the current setup 1928 / 1655
One may look to deploy the following strategy
Consider Selling HUL 30 April Call Option
Lot size: 300
Strike Price: 2240
Last closing Price : 122.25
Any price in the range of 110-125 may be considered to go short on Call option.
Max profit potential in strategy : Rs 33000/- - Rs 37500/- per lot.
The chart pattern gets invalidated if HUL goes above 2265 in Cash market, however the strategy will have an inbuilt protection for a rise in stock up to 2350-2365 giving you a better risk management control over your trade.
Will update further when market opens
You can add your Comments below...
& don't forget to
Hit the Like button and Follow... :-)
Take care & safe trading
DLF : Chart set up and Strategy for DLFDLF
CMP 148.50
The zone of 168-177 may not be easy to cross and it may act as a resistance zone.
Given the view
one may Consider the following strategy
Consider Selling DLF 30 April 2020 expiry
Call option
Strike Price: 160
CMP: 10.50
Lot size: 3300
The strategy has a maximum profit potential of Rs 34650/- (Profit potential of 22.5% on Margin amount)
Loss in strategy only if DLF closes above 170.50 on 30 April 2020.
(Inbuilt loss protection of Rs 74250)
Take care & safe trading...!!!
Do hit the like button and comment below...!!!
ICICI Bank: Short strangle Trading StrategyICICI Bank
CMP 332
Consider a Short strangle strategy in ICIC Bank
Consider selling ICICI Bank 30 April 2020 expiry
380 Call option
Lot size 1375
CMP 24
& also sell
280 Put Option
CMP 23
Max profit potential in the strategy: Rs 64,625 (if ICICI Bank in Cash market closes any where between 280 - 380 on 30 April 2020)
In built loss protection in strategy - Losses only if ICICI Bank falls & closes below 233 or goes up and closes above 427 on 30 April 2020
Take care & safe trading...!!!
L&T: Buy for Medium to Long term & Strategy for Short termL&T
Those who are looking for investment ideas with a medium to long term perspective can look at L&T for targets of 1040 - 1120 levels.
Levels are mentioned in the chart.
Alternatively for a short term trading idea one may also consider the following strategy for L&T
Consider selling L&T 30 April 2020 Put Option
Lot size :375
Strike Price: 740
Sell Price: Between 35 - 40
Max profit in the strategy Rs 13125 - 15000
Time frame: till 30th April 2020
The strategy has an in built protection against loss for a fall in price in L&T up to 705 - 700 levels till 30th April 2020.
It's your hard earned money that you are trading with...
Do take care of it...!!!
Happy & safe trading...!!!
Bharti Airtel: Like a Phoenix rising Bharti Airtel
CMP 540
Telecom sector had been out of flavor for a long time now.
However the current chart pattern reflects things have changed and possibly changed for the good. Bharti Airtel has now broken above the parallel channel after 12 long years.
Could this be a signal that the worst is over...
Only time will tell.
But the current setup suggests any dips especially towards 510-485 levels is a good entry opportunity in the stock and the target for current set up comes around 786-820 levels
Take care & safe trading...!!!
Biocon: Short & Medium term trading plan and idea Biocon
Closing Price 628
- The stock is at important levels and we try to analyse different possible scenarios and how one can plan their trade.
- we are looking at 4 possible situations and accordingly one can plan their Trading strategy:-
Situation 1
- In case of dips look to buy in the zone of 618-607 levels for target of 662 / 682 initially.
- pattern gets invalidated if closing is below 600 on weekly closing basis
-----------------------------------------------------------------------------------------------------
- In the extreme short term 637-642 may be the deciding level. Trading below the said levels will keep the possibility of dips alive.
-------------------------------------------------------------------------------------------------------
On rise those who can take some risk look for selling opportunity in the 635-640 zone with strict SL at 642 and target of 618 / 612 & then
reverse the trade at lower levels to go long
---------------------------------------------------------------------------------------------------------------
Situation 2
- In case the stock goes higher above the said levels of 637-642 buy with a small ticket size for target of 662 / 682
Situation 3
- the stock continues to rise higher. 696-710 will be an an important defining zone to watch out for. Sustaining above that on weekly closing basis will open up doors for further up movement towards 810 odd levels in medium term. Once it goes above 710 The stock should not come below 677 thereafter.
Scenario 4
The stock falls Below 605. This may turn the counter bearish and may open doors for slide towards 561 / 528 levels. However this could be a tricky situation. There could be chances of false breakdown. So need to be careful on this one. In case of breakdown look for other confirmation points like volume, derivatives insights.
- Safe strategy could be to look to trade the counter after analyzing the behavior on pullbacks. A weaker pullback and inability to cross 620 levels could be ideal situation to go short with minimum SL
- In case the pullback is stronger and conquers 620 odd levels with higher volumes , you know what that would mean...
All the best & safe trading...!!!
Rel Capital: Bottom fishing or trying to catch falling knife...Rel Capital
Cmp 129.50
The stock has taken a lot of beating not just in the last couple of days but for a year or so....
It is difficult to say whether it can be considered bottom fishing or if we are trying to catch a falling knife.
That only will be answered in future with hindsight in perspective.
So for decision making today so far as the green trendline holds we can look for target of 144 / 151 / 162 / 188.
Trade cautiously
Take care and safe trading...!!!
MGL Showing signs of strength MGL
CMP 905
In our previous post we had recommended MGL for a buy around 860 for target of 920 and it worked to perfection to the point making a high of 919
Looking at the charts again we observe
- price action holding on to the gap zone between 902-868
- 20 day EMA crossover above 50 day EMA in late November- early December 2018
- thereafter re-test first at 50 day EMA and now we see price holding above 20 day EMA on 2 occasions
Given the set up one may consider to buy at cmp and on dips towards 888 for target of 933 / 965 / 1034 levels
SL if closing below 865
In case u LIKE the idea and find the analysis helpful do HIT the LIKE button and FOLLOW to get regular updates from us.
Take care & safe trading...!!!
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
Gujarat Gas chart viewGujarat Gas
CMP 656.80
Holding 652 the stock can be looked for targets mentioned in the chart
Below 652 the stock can be looked closer to 636 for buying
SL if closing below 625
In case u LIKE the idea and find the analysis helpful do HIT the LIKE button and FOLLOW to get regular updates from us.
Apollo Tyres chart view; Losing grip on the road aheadApollo tyres
CMP 229.65
The stock looks likely to be loosing its grip. It may be looked for downside target of 224 / 221 in the short term
View gets invalidated if trades above 233
In case u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW to get regular updates from us.
Take care & safe trading...!!!