BHARTIARTL BUY Bharti Airtel is a very popular stock in the Telecommunication Sector, It has an average delivery% of 60%(last 1 year) and in a few days the big guns are taking delivery of it with more than 66% with increasing volume.
Technically speaking it is making a beautiful support at 760 levels.
I am planning for a long trade.
EXPIRY is 27th MAY
-1x 25MAY2023 760PE - ₹ 7.5
+1x 25MAY2023 730PE - ₹ 2.75
Prob. of Profit is 72%
Max. Profit is 9.4% of capital
The margin required to purchase one lot is ₹ 47,589
Trendlinesuport
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.
SBI towards crucial support zones SBI the largest public sector bank is forming a head & shoulder pattern on weekly charts along with a breach of neckline support from where early breakout occurred. given that ads negative trend strength is rising , If the momentum support at psi 40 breaches along with a confluence support breach of bottom trendline from 2020, then it could be retesting the previous swing low at 500 & if could not find help there could be heading to swing low near fib retracement 38 neat 450.
Reliance ready for the Next BIG UPMOVE ?Reliance is trading at a long-term channel support & has done a 78% Retracement of the recent trend.
Looks good to accumulate for long term until 2300 is not broken.
This time it can target for another ATH.
For short-term trading, 2400 is the area that should not be broken. Till above it, A good LONG Candidate.
Laurus Labs : Waiting for the next move
Good Day
Hello Traders,
Laurus Labs is showing strength and its forming a triangle with the support from the Trendline from bottom.It had a major support between the range 465-485.
If it comes into that range one can buy and accumulate. Once its start consolidating above 550-560 range it can show an upside.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
Consolidation for new trendstock forming kind of triangle pattern
getting support of trend line both side
wait for break out or breaks down
Borosil Renewables Ltd. engages in manufacturing and sale of solar glass. The firm operates through the following geographical segments: Within India and Outside India.
52 WK HIGH LOW 833 - 320
PRAJIND - Consolidation BreakoutNSE: PRAJIND is closing with an strong bullish momentum candle supported with high 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 consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% 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
Disclaimer:
This is for educational purposes only.
RADICO - Bullish ReversalNSE: RADICO is closing with an strong bullish candle supported with high 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 consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% 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
Disclaimer:
This is for educational purposes only.
PETRONET - Volumes assisted Consolidation breakoutNSE: PETRONET is looking to breakout out from the consolidation range.
Today's volumes indicate demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with trendline support over the past few days which is creating the uptrend.
One can look for a 8% to 13% 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
Disclaimer:
This is for educational purposes only.
Inox Leisure ----- daily time frame analysis.taking support at the channel pattern trendline and an important support level , looking strong from here.
GAIL India, PSU stock at a support zoneTwo scenarios .
1. The stock has made H &S pattern. The pattern must break the historical support and retest the area for confirmation showing bear grip.
2. The area of confluence + Strong Q1 results + positive global sentiments shows bullishness in stock. A rejection long wick candle validates this but the H & S pattern formed may trap investors.
3. Since the inflation is being stable (yet above RBI Std) and global recovery in Gas demand we can expect the stock to move upwards given that GAIL is a fundamentally strong PSU having a very good dividend yield.
4. My view is Long, that the stock has made a insider candle at the area of confluence in DAILY TF, with targets specified in the charts.
5. Safe traders can wait for a good bullish candle breaking prev week high as confirmation in weekly TF for long positions by keeping the weekly low as stop-loss and Vice-versa.
Aggressive traders can enter with a stop loss below the support zone @ 123/119 and go long for targets above 150 and 170 and beyond in long term.
Note:
This idea is purely on observation made by me, this is not a recommendation or a call.
please do your analysis and share your opinion in the comment box below.
Healthy discussion and inputs are welcomed with thanks






















