After a good consolidation period the stock is ready to give breakout. one can start accumulation. Also entire IT sector is starting to move which can lead not only pump in IT stocks but also a good moment can be expected.
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup...
Logic behind the Trade
1. This scrip has bottomed out after staying there for a long time and in recent trading days it has started an upward movement
2. Recent bullish momentum was seen and after a small retracement & it was followed by a bullish engulfing candle which shows a further bullish momentum continuation
3. RSI above 50 now thus showing strength...
where do bajaj finance go first ? What do you think ?
1. Bearish H&S is forming break below neckline. it will fall.
2. It will rise from Support zone.
3. It is forming a continuation pattern, it will rise after breakout above trendline.
4. it is making a bearish pattern descending triangle, it will fall.
Please do comment your answer.
my vote goes 2...
Today India Vix is below 13,
In my view, we can't get a big move and Momentum ,
after 3 might be.
The Day for Sellers not For Buyers.
Here we see the trending line forming from 3 days,
On Friday, we can see Premium decay.
So made some setup, where we can see the movement of nifty in easy expatiation on the chart with Scenario 1 and Scenario...
Double bottom pattern formed on 15 min timeframe. You can buy a call option on 18495 and can achieve the target of 18532 if everything goes well. But put strict stop and loss as being NIFTY approaching 52 week high.
stop loss can be put at 18445~
My suggestion would be not to hold your long / short positions by looking at the current market scenarios.
Bitcoin briefly topped $20,000 on Tuesday, hitting its highest level in more than a week, but is still struggling to break out of its tight trading range.
With another U.S. Federal Reserve interest rate out the way, traders may be positioning themselves for a peak in U.S. dollar strength, which would be positive for bitcoin. BITSTAMP:BTCUSD
The chart is self-explanatory.
upside potential > 20%
TREND ANALYSIS + BREAKOUT + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
You can check the link for related ideas.
Clear Buy IOC @70 With Sl 65 Holding Period Should Be Big
5 EMA and 8 EMA Trading Strategy
This is the simple strategy that uses 5 EMA and 8 EMA indicators.
Best works in Trending Markets, and worst in non-trending markets. Here’s How this strategy works:
If the faster EMA (5 EMA) crosses the slow EMA (8 EMA) to the upside then its sign of an uptrend.