Tradingview
Exide Industries Ltd, is an Indian multinational storage batteryConsolidation is a phase when a stock or an index trades within a range. The trend is said to be sideways and may vary depending on the circumstance. Once this range is broken, it may lead to bigger moves, but until the range is intact, the movement cannot be clearly predicted.
HDFC BANK TREND ANALYSIS (DEMAND & SUPPLY)Hi mates here I am sharing mine research on Hdfc Bank on daily time frame chart by some trendline to try to find out coming action in mine favorite Giant stock and that what we can see that today that it break a support below which I mentioned as downtrend support and closed below after taking resistance from up trendline and down trendline resistance too and gives a negative close so what are the coming possibilities in stock which I can see is that it could hit demand zone 1 and could bounce to downtrend support or resistance or could test to Demand zone 2 and bounce from there for demand zone 1 or maximum for downtrend support which will act as resistance cause price below support could act as resistance
-:Fresh Breakout we can see if only able to break Downtrend resistance and close above.
-:Fresh Breakdown we can see only able to break Demand zone 2 and close below.
BE A HERO, ALWAYS TRUST YOUR OWN ANALYSIS
ONGC: Channel trade potentialONGC
- This is a follow up on my previous idea when stock was trading at 140 odd levels
Chart set up
- The stock seems to have given a fresh breakout on hourly charts from yellow channel channel
- 21 hour EMA and 63 hour EMA around 148 / 146 respectively
Target potential for the stock 156-158.50
Use the 21 hour or 63 hour EMA as important Support level to watch out for
Risk Profile
The set up provides a risk::reward ratio of 1::3
Trust the idea helps in planning your trade.
Take care & safe trading..!!!
To trade with me, hit the Like button and Follow
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
TEJASNET, a rally of 50% is expectedIt's been quite some time since I posted.
Just look at the this beautiful chart, you can find confirmation through various pattern and also can see some indication of institutional activity.
If tomorrow a small inside candle is formed then it will be best time to build position(near 600) for a target of about 45-50% with SL at 560 i.e., RR of 7.
Tata Steel: Showing signs of strengthTata Steel
In my previous take I had suggested a Call short position given the set up at that time being bearish. That strategy played out well...
Now the stock is at same level, however, In the current set up,
- the stock is trading above 21 day EMA and 63 day EMA
- the stock has tested the time and so far is managing to stay above the May 2022 low
The stock is showing signs of strength.
- Once above 252 day EMA which is currently around 107, the stock can potentially move towards 113 / 118 / 122 (Time looks ripe for the stock to retest the red line of Resistance
Pattern gets invalidated if closing below the green line on weekly closing basis or for 3 consecutive days.
Take care & safe trading..!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: Wait for clarity to emerge before directional trade Nifty
On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline.
Now, we are looking at Daily candlestick chart pattern
1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083)
2. Given breakdown below the blue trend line and now retesting it
3. Resistance area blue line and 21 day EMA
4. 63 day EMA and yellow horizontal zone providing support for time being
5. No clear direction in Nifty as of now...
_______________________________________________________________________________________
Trigger points that can give direction
- Result season to begin soon
- Budget expectations to be built in
_______________________________________________________________________________________
We have a non directional trade still active which is in profits of roughly 76 points as of now. We continue to hold it and look to adjust in case we sense a direction emerging.
_______________________________________________________________________________________
In case of a Breakout we are looking at 18720 odd levels as our target level
in case of a breakdown we are looking at a possibility of roughly 17294 odd levels.
_______________________________________________________________________________________
To trade with me, Do Like and Follow for getting more trading ideas like these...!!!
PLs note: Logic behind using 21 day EMA and 63 day EMA instead of standard 20 day EMA and 50 day EMA
- In a month we have 30 days.
- barring Saturday / Sunday we have roughly 22 days
- 1 holiday session factored in per month
- That gives us 21 trading sessions in a month
- Multiply by 3 months we get 63 days
For me, this represents 1 month and 3 month average trade more precisely, than standard 20 day EMA and 50 day EMA. You are free to follow your own instincts and what works best for you...!!!
Trust you find this useful.
Take care & happy trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: Wait for clarity to emerge before directional trade Nifty
On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline.
Now, we are looking at Daily candlestick chart pattern
1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083)
2. Given breakdown below the blue trend line and now retesting it
3. Resistance area blue line and 21 day EMA
4. 63 day EMA and yellow horizontal zone providing support for time being
5. No clear direction in Nifty as of now...
_______________________________________________________________________________________
Trigger points that can give direction
- Result season to begin soon
- Budget expectations to be built in
_______________________________________________________________________________________
We have a non directional trade still active which is in profits of roughly 76 points as of now. We continue to hold it and look to adjust in case we sense a direction emerging.
_______________________________________________________________________________________
In case of a Breakout we are looking at 18720 odd levels as our target level
in case of a breakdown we are looking at a possibility of roughly 17294 odd levels.
_______________________________________________________________________________________
To trade with me, Do Like and Follow for getting more trading ideas like these...!!!
PLs note: Logic behind using 21 day EMA and 63 day EMA instead of standard 20 day EMA and 50 day EMA
- In a month we have 30 days.
- barring Saturday / Sunday we have roughly 22 days
- 1 holiday session factored in per month
- That gives us 21 trading sessions in a month
- Multiply by 3 months we get 63 days
For me, this represents 1 month and 3 month average trade more precisely, than standard 20 day EMA and 50 day EMA. You are free to follow your own instincts and what works best for you...!!!
Trust you find this useful.
Take care & happy trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Gail: Triangle Breakout Gail India
Return potential - 8-10% / 15-16.5%
Risk: 3-6%
Risk::Reward ratio is 1::3 / 1::2.5
- Rest Every thing mentioned in the chart. Use it to plan your trade accordingly...!!!
Do let me know if you find the analysis and insights helpful.
Like and Follow for more ideas like these...!!!
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
📊BANKNIFTY IDEA - 28-12-2022 NSE:BANKNIFTY
Banknifty key levels are marked on chart.
Intraday resistance - 43000 if breaks then bullish move is expected.
If it doesn't break and if drift below 42850 then a fall towards the major Support 42000 Is expected.
The price has reversed instantly with high momentum from major trendline support.
Use position sizing according to your stoploss level.
Like this idea if you find it useful and please share with your friends.
Keep learning,
Happy trading.
Thankyou.