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Expiry Special Analysis|Hero 0 Trade will be in 2nd half(FNIfty)Finance Nifty Analysis For today's Expiry 27/06/2023:- Finance Nifty also broken upwards support trendline in 1hr/30mints/15mints charts. This could be a fake breakdown, if it start trading above in channels above 19555 levels. Then definitely buying momentum will be back in it and this can go towards Target1 and target 2 which is (Mention in Chart) . Vice Versa if this is start trading below 19455 levels then definitely this was a perfect breakdown for Fin Nifty and a sharp move will be expected in it, which can take Fin Nifty More in lower range towards Target1 and Target2 even Target3 (Mention on charts) also till tomorrow. So buy above when 19555 sustains Sale below, when 19455 sustains. For target i have mentioned on chart. for buying Stop loss will be 19376. For selling Stop loss will be 19632. Note:- For Hero Zero Trade I will update this idea around 1-2pm, So c u guy's in 2nd Half. Till then Trade Carefully, And ty to trade in Next expiry as today time decay will eat all premium, if there will not be trending market. And Always use stop loss. If anyone likes my work then definitely like this idea and follow me for more updates and let me know your thoughts about this idea in comment box. Thankyou, Regards Rahul Pal Disclaimer:- Always do your own analysis or consult with your financial advisor before taking any kind of trades.
NSE:CNXFINANCE
by TraderRahulPal
11
TVS MOTOR ASCENDING WEDGE BREAKOUT TRADE - BUY TVS Motors have formed an ascending wedge pattern on the daily timeframe with 2 contact points above and 3 contact points below Yesterday it has broken out of the pattern with gap-up which acts as a very strong confirmation of the success of the trade Although no volume surge is present but RSI is present in OVERBOUGHT zone indicating that the momentum is very strong for the stock right now which in turn is a boon for the stock which would give the push for the stock to rise TP is set as the width of the chart pattern at the place of the first contact point
NSE:TVSMOTORLong
by peace_lover
3
Banknifty no trading zoneHey Traders I hope you have learned something today in side way market and the level i have given of 44050 level. please note if i give some level it is not applied in first 15 minutes opening. Always try to enter after breakout and retest because it always takes your exam and your thinking about the when your patience will be broke. Please take a trade after breakout of 47950 and sustain below this level and make sure not to trade between 43950 and 44050 level. Buying is the same as posted yesterday. Thanks
NSE:BANKNIFTY
by Green_Red_Blood
CHAMBAL FERTILISER (BULLISH)CHAMBAL FERTILISER is a chemical stock from a long time stoack was in consolidation Between the level of 370 -260 from from jun 2022 Now stock was trying to make a inverse HEAD AND SHOULDER PATTERN From the feb-14-2023 first it makes a SHOULDER at level of 270 -275 on feb -24-2023 After that make a HEAD at level of 250-248 on mar-29=2023 the retrech at the same level of Shoulder resistence. Then it make a next shoulder at the same level of 270-275 on apr -25-2023 Then they try to retrech on the same level of heads and shoulder neckline i.e 290 above 295 or neckline (day closing is very imp )stock is bullish just a view / consult your financial advisor befor investing and trading
NSE:CHAMBLFERTLong
by arunguptaa16
Neat & Clean Breakout in Dr. reddy's lab Target 20-25% from hereDr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Market Cap ₹ 80,814 Cr. Current Price ₹ 4,853 High / Low ₹ 4,920 / 3,788 Stock P/E 22.2 Book Value ₹ 1,248 Dividend Yield 0.62 % ROCE 14.1 % ROE 11.5 % Face Value ₹ 5.00 Debt ₹ 1,729 Cr. EPS ₹ 219 PEG Ratio 2.01 Promoter holding 26.7 % Intrinsic Value ₹ 2,359 Pledged percentage 0.00 % EVEBITDA 12.8 PROS Company has reduced debt. Company is almost debt free. Company has been maintaining a healthy dividend payout of 21.6% CONS Stock is trading at 3.89 times its book value The company has delivered a poor sales growth of 8.70% over past five years. Company has a low return on equity of 12.2% over last 3 years. Well i have done my analysis, Seen neat and clean Breakout (Price and action), MACD bullish crossover, 200EMA all giving buy signal in Dr. Reddy' Lab. i am expecting 20-25% returns safe next 3 to 6 months. If anyone wants to go long can go from given levels on chart. Please follow strict stop loss. If anyone really like my work please like and follow me, and also comment me your thoughts also. Thankyou.:-))
NSE:DRREDDYLong
by TraderRahulPal
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
TVC:USOIL
by TanujaK
Really can take Dixon for long entry?Long Dixon at the bullish movement. Both entry points have been shown. Trade as per risk to reward. Scenario 1 - Can take an aggressive entry if a good setup is seen in the lower time frame? Pros- Can catch the bullish move at Breakout? Cons- Can BO be failed? Scenario 2. Can take a pull-back entry if a good setup is seen above the support area? Pros- Can be a nice entry point with good to-risk reward? Cons- Can the price never reach the support area? Please read carefully the above points & make your strategy accordingly. These types of plans are essential to catch a good move. The pro trader has kept all types of strategies as per the market conditions. This is for your educational purpose only.
NSE:DIXONLong
by Tech_stock_trader
2
USD INR : WILL IT BREAK THE RESISTANCES THIS TIMEI am sharing my view on USD INR Movement as of now and predicted the two possible moves on the chart. The chart is moving in a range since 14 Feb 2023 and shrinking all the way to form an ascending triangle. I have tried to wind up its movement as shown in the chart. As USDINR has already tested the resistance level 1, 5 times, and thus the probability of breaking out is high, with support of two Moving Averages below the CMP, and ascending support line. However , it may encounter another rejection at resistance level 2 again , as it has not been tested much. Please share your views !
Long
by chakraveer1104