BSE to take long entryLong BSE stock after the BO of major long-time resistance area above 615. All important levels have been marked on the charts. Add the stock to your watch list. This is for your educational purpose only.
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BDL to take long entryLong BDL after the BO of resistance area above 1105 for the next target of 1200-1250 with SL of 1075. The stock has taken the support of 50 EMA levels. On weekly & monthly charts RSI levels are above 60 & on daily taken support of 40. All important levels are marked on the charts. This is for your educational purpose only.
PC jeweller to take long entryA very strong Break out has been on the charts of PC jewelers along with a rounding bottom pattern. Long above 37 for the target price of 50-60-65 with SL of 25. This is for your educational purpose only.
Patanjali foodsWe have seen a pole and flag pattern on the stock. Also, the stock is in bullish mode. Long above 1212. All important levels are marked on the charts. RSI levels above 60 are a sign of strength.
This is for your educational purpose only.
VIPIND IN BEARISH ZONEShort VIPIND after the BD of the channel. Stock is trading below the EMA & can move up to 580-550 levels in the coming week. Please add the stock to your watch list. This is for your educational purpose only.
GHCL to take long entryLong GHCL after the BO of TL. Good Risk to reward trade. All important levels are marked on the charts. This is for your educational purpose only.
BECTOR FOOD LONGLong Bector Food above 820 after the BO of the resistance area.A very high probability that 50 EMA as well as channel support would be taken. All important levels are marked on the charts. This is for your educational purpose only.
Siemens longLong siemens. All important levels are marked on the charts. Add the stock in your watch list. This is for your educational purpose.
Star Pharma to take long entryLong Star Pharma. All important levels have been marked on the charts. A clear pole and flag pattern formed on the charts. Avery high probability that after breaking out of the pattern lead to good results. This is for your educational purpose only.
Ganecospher to take long entryThis stock is in a high uptrend on weekly as well as monthly time frames. Also, the stock is forming HH and HL. The Stock has also formed a channel. A very high probability that the stock will move upside from the current level above 1100 for the next target price of 1200-1250 with SL of 1045.
Engineers India longLong engineers India above 116 Target 122-125 SL 111. Short-term trade idea. Good risk to reward trade. At support levels, the bullish green candle has been seen. High probability that the stock will turn around from the area of value. This is for your educational purpose only.
Grasim to take long entryHigh probability that the stock of a Grasim to take pull back from the trend line after the sudden downfall. A bullish candle can be seen on the charts. Long entry above 1730 for the target price of 1750-1780 can be taken. This is for your educational purpose only.
WOCKPHARMA TO TAKE LONGLong wock-pharma above 250 for the next target price of 280-290 with SL of 236. The stock is forms HH & HL. RSI above 60 levels.Bullish momentum in the stock. A very high probability. keep the stock on your watchlist. This is for your educational purpose only.
Pardeep PhosphateLong entry can be taken after the BO of the resistance area. This stock forms the HH & HL. Also RSI level above 60 on higher time frames. Good risk to reward trade. This is for your educational purpose only.This is for your educational purpose only.
PIDILITE to take long entryLong PIDILITE above 2620. Add the stock to your watch list. Good risk to reward trade. The stock has taken the support of 50 EMA levels. A very high probability that stock will turn up. This is for your educational purpose only.
Risk managementRisk management is an essential aspect of trading, and TradingView can be a helpful tool for implementing risk management strategies. Here's a step-by-step guide on how to do risk management in TradingView:
1. Determine your risk tolerance: Before you start trading, assess your risk tolerance level. This will help you set realistic goals and determine how much risk you are willing to take on each trade.
2. Define your position size: Position sizing refers to the amount of capital you allocate to a particular trade. It should be based on your risk tolerance and the size of your trading account. TradingView does not provide direct position sizing tools, but you can calculate it manually or use an external position sizing calculator.
3. Set your stop-loss order: A stop-loss order is an order you place with your broker to sell a security if it reaches a certain price level. It helps limit your losses in case the trade goes against you. In TradingView, you can add a stop-loss level to your chart by using the "Trend Line" tool or by manually entering the price level.
4. Utilize take-profit levels: Take-profit orders allow you to lock in profits by automatically closing a trade when it reaches a specific price level. You can set take-profit levels in TradingView by using the "Trend Line" tool or by manually entering the price level.
5. Monitor risk-reward ratio: The risk-reward ratio is the ratio of the potential profit of a trade to its potential loss. It is advisable to have a positive risk-reward ratio to ensure that the potential gains outweigh the potential losses. TradingView can help you calculate and monitor the risk-reward ratio by measuring the distance between your entry point, stop-loss level, and take-profit level.
6. Use risk management indicators: TradingView offers a wide range of technical indicators that can assist in risk management. Popular indicators include Average True Range (ATR), which helps determine the volatility of a security, and the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. These indicators can help you assess risk and make informed trading decisions.
7. Regularly review and adjust your risk management strategy: Risk management is an ongoing process, and it's crucial to regularly review and adjust your strategy as needed. Analyze your trading performance, identify areas for improvement, and adapt your risk management approach accordingly.
Remember, risk management is a personal process, and it's important to find a strategy that suits your individual trading style and risk tolerance. TradingView provides valuable tools and features, but it's ultimately up to you to implement and manage your risk management practices effectively.
XAUUSD 4Hr Bear Market structureXAUUSD 4Hr Bear Market structure Full idea
The current price Running XAUUSD is 1930
As per Fibonacci retrace tool the price is almost reached 50% retrace area
Now the seller zone is 1930 to 1938
The structure is almost complete
Major 1st Choch at 1970
Major 1st BOS at 1932
Here is major 2nd BOS meet-up area is at 1896
then target and retrace area is 1866
Thanks for watching
SELL NIFTYSell nifty below 18660 for the target price of 18625-18600-18580 SL 18690. Trend line BO as well as RSI negative divergence. Lower low and lower high are seen on the charts. This is for your educational purpose only.
NSE Britannia – The Last Move of CorrectionTimeframe: 4h
As per the chart, Britannia has accomplished the sub-wave B of wave (4) and started forming wave C.
If the price breaks down the low of wave c at 4314 , Traders can sell for the following targets: 4266 – 4236 – 4214 . A trade should only be initiated after a breakdown has occurred.
There are two price clusters where prices can reverse:
Wave C can be accomplished at 0.382 Fibonacci retracements of wave 3 at 4214.65 . Wave A=C at 4187 . As shown in the chart, it forms a cluster range.
Wave C can occur at 0.5 Fibonacci retracements of wave 3 at 4114 . Additionally, a correction occurs near the previous wave.
RATEGAINRATEGAIN:- Stock is about to give breakout after 1.5 years keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BTC has took the LQTook this Short on BTC
BTC has took the LQ, Now it will trap all the long position.
We can see a massive sell from these levels.
Before that we need to a Change of Character,
i took this risky short, lets see how it plays out.
Voltas stock in bearish modeLook Weak chart of Voltas. The chart is forming LL and LH. A very high probability that stock will breakdown the support area. can take short entry below 745 for the next level of 700-690-685 with SL of 770
Nifty 22-06-2023Today we have a mix view Wait for forming proper suport or resistance dont jump directly
