Respect the SL? Check why it is important to respect the SL?Why We need to respect Stoploss?
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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
Tradingpatterns
KIMS - A RISK FREE BET???BUY - KIMS
CMP - Rs. 1337
Target - 1: Rs. 1504
Target - 2: Rs. 1681
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Technicals - 1) Harmonic Pattern indicating a bullish reversal.
2) Stock is at support.
3) Formation of Inverted Hammer Candlestick on Daily chart.
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Comment: 1) Target - 2 will be achieved in the medium term.
2) Maximum Return - 26%
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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.
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 !
MGL : STOCK FOR INTRADAYHere comes another Stock for Day Trading for 17 Feb 2023. The Chart is breaking out Ascending Channel @ 920.85. In hourly Time frame, it is already showing price action at this level. Thus, signaling that we may have a new support @ 920.10. Thus, we may see a breakout with new targets as 975 and 1065. Entry Level is 933 not before that , with a small SL of 915.
Please Boost my study and motivate me, so that I can bring more ideas to you.
SBI Card to take long entry.Long SBI card above 780 after the BO of marked resistance line. The stock has traded at the area of value. Strong support has been taken by the stock. The bullish engulfing candle is also seen at the support level on the weekly chart. A higher probability that stock will bounce from this area for the next target of 850-900-915 with SL between 680-690. This is for your educational purpose only.
NIFTY INTRADAY SET-UPMaybe tomorrow nifty trading between this range 17900 to 17600.
highest call oi 18000 ,It act as a major resistance .
Hghest put oi 17500,It act as a major support
17700 is a crucial range ,It holds both put and call OI .
PCR,0.6 VOLUME PCR,0.9 .Maybe tomorrow we expect slightly Sideways BEARISH TREND.
Tomorrow RBI meeting will be held at 10 AM .
One chart, different trading systems!Hi all, hope you guys are doing well.
We retailers spend a lot of time in searching for that "holy grail" in trading. The majority of the time our search is centered around different strategies. However, in my opinion, "Strategy is overvalued whereas risk management is undervalued" .
A chart can be analyzed in different ways by different traders. A trader using patterns will analyze the same chart with a different perspective as opposed to a trader using pure support-resistance levels or a trader using indicators such as moving averages.
The aim of this post is just to make you understand that you shouldn't run after different systems. Rather, focus on managing the risk.
Exhibit 1: The Cup and Handle system
Exhibit 2: The Support-Resistance system
Exhibit 3: The Triangle pattern system
Exhibit 3: The Moving averages system
Thanks for reading. I hope you found this helpful! 😊
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Bharti Airtel is Giving a Good CallThis a Good BUY recommendation in Bharti Airtel Stock. It is showing a Triangular Pattern currently and the Stock is very real bullish and we can see a Flag Pattern also in the Chart. There is a Small risk pattern that the Stock has still not Touched the Trend line, so we need to wait for the stock to touch the Candle Stick till the Trend line and then it will show / give a strong Bullish Movementum.
CMP - 540-542 / TGT 1 - 572.50 / TGT 2 - 608.85 / SL - 520






















