Beautifull Potential trades for my followers :)
This is just one view now U have them make good use of setups also some learning points and some good Risk to reward setups have fun and good trading day :)
These are potential trades given by you guys only in the comment section :) also, some are my findings
Update on Bajaj finance and Reliance is given inside the video
NO intraday analysis for today only swing based
Nifty energy seems bullish so we took 2 stocks into consideration for that :)
Tata Motors is trading in a very narrow range and we expect a breakout soon on 15 mins chart.
A short position below 302 for a small target of 298 from where it is expected to rebound.
If we see a bullish breakout then we can buy for a target of 315 followed by 323.
Ultimately the momentum is still bullish and just we need to wait for a right entry level.
Tata Motors is trading in a very narrow range and we expect the stock to breakout from the range. A strong upside momentum is expected above 300. The position for tata motors will be bullish above 300 for an immediate target of 308 followed by 314. A level of 292 looks like a strong support and stoploss should be kept below this level.
Indusind Bank look really positive from this level. A strong support at the bottom is being seen and would be recommended to buy at the levels of 870. The TDI diversion looks strong and can be held for a swing purpose also.
Buy above 870
Intraday Target 885
Intraday Target 2- 925
Positional Target- 1000
Stoploss- Below 810 Closing basis
Nifty shows a potential upside for tomorrow session. A perfect W bottom with clear diversion on TDI. The diversion is strong as the first leg of the diversion is outside the Bollinger band followed by the second inside leg. If it breaks the trend line we can expect the 61.8% levels tomorrow.
so many traders are confused about reliance tradesetup so here is the price action based analysis on 2 hour time frame
1.RELIANCE is respecting bulllish channel .
2.can brake now for taking support
3. or move upward as shown in chart through arrow ,then retrace then will brake resistance and will show upward movement