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IIFL Finance–Swing Setup from 200-DEMA Support & Piercing Line!Hello Everyone, I hope you all are doing well in life and in trading! Today I’ve brought a fresh swing trading opportunity in IIFL Finance , where the stock has taken support from the 200-EMA and is formed a bullish Piercing Line pattern. After a strong uptrend, the stock corrected and has now taken trendline support (from channel base) along with the 200-day EMA confluence, a high-probability reversal zone. A clear bullish candle indicates a potential bounce from here. The best part? The stock still offers a great risk-reward with defined entry, stop-loss, and 3 possible targets. Please refer to the chart for full trade setup details. This setup is purely based on price action, moving average confluence, and support zone behavior. If you are a swing or positional trader, this setup is worth keeping on your radar! If you found this helpful, don’t forget to LIKE & FOLLOW for more such clean technical ideas. Disclaimer: This idea is for educational purposes only. Always do your own research before taking trades.
NSE:IIFLLong
by TraderRahulPal
GNFC - Bullish Swing Reversal with VolumesNSE: GNFC is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal and trendline support for the past few days which is indicating demand. One can look for a 13% to 20% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:GNFCLong
by BrahmaBull31
JSW STEEL- Bull run 2.0?We have seen an amazing bull run in JSWSteel during the metal sector rally of 2020-21. Since then, stock has been consolidating with 770-780 acting as a strong supply zone for the stock. However, the stock has recently taken support from a 3 year old trendline and currently standing at the same supply zone. If the stock manages to sustain above 780-800 for a couple of weeks , it will confirm a breakout of a flag consolidation and we can expect Bull run 2.0 in this stock as well as other metal sector stocks. Note:- Metal sectors are cyclical in nature. Please invest/trade accordingly. This idea is shared for educational purposes only and should not be taken as a recommendation.
NSE:JSWSTEELLong
by chartistamey
BEL : Trending Stock#BEL #trendingstock #breakout BEL : Good Trending stock >> Good VCP at top and ready for a new breakout >> Good Strength in stock & Decent Volumes >> Potential of Minimum 1:2 Risk Reward or more >> Levels mentioned on chart SWing Traders should focus on 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:BEL
by moneyfesttrading
Power of a simple TrendlineAnother Simple Technical Analysis which shows that market is easy and money can be made by doing simple things also. This Time there is a very simple TRENDLINE drawn in weekly time frame which had worked multiple times and again which has given another opportunity and made a Pin Bar candle at the support of the Trendline. It seems true that more than 80% is the Psychology (Money management , Position Sizing , Execution and other things) and only around 20% is the SETUP. Because Setup is easy but following it religiously is what a makes a person, TRADER ENTRY - can be made if it crosses this Pin Bar Candle or can be purchased at the current market price of 6.95 for aggressive trading. RISK - The Stoploss would be at the low of the same candle on closing basis or whenever it gives a closing before the trendline after crossing this pin bar's High. Reward - there is major resistance( at price - 10) which has been retested 3 time and there is a high probability that it will go again to retest that resistance. ** Stop loss and Reward has no significance if the Psychology is not strong. Do not hope and just exit at the Stop Loss level and do not greed , just exit at the reward level. **There are always a lot of opportunities in the market. #KeepLearning.
NSE:JPPOWERLong
by rohitbansal1212
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