Bajaj auto - cup & handle patternBajaj auto - a cup & handle pattern on daily time frame. Perfect reversing to buying zone.
Point of conflence between 3660 to 3681.
An upward demand can expect target near 3850 and 3997 with SL around 3548
Trendtrading
BPCL Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Budget day important support and resistance 1st Feb 2022 - NiftyHello Friends,
Today Nifty 50 move as per my previous prediction but movement is very low but still in a track.
Tomorrow is budget day and expected GAP UP open, here are some support and resistance for tomorrow trading.
Hope you like it and share your views in comment section.
Orient Electric Long SetupOrient Electric is trading near 100 DEMA and potential support zone of 360-365. Overall trend in stock is bullish and a bounce to previous swing high might be possible. As per trade setup we can initiate buy at 360-365 with a Stoploss at 346 and target 394.
20% Target in Coal India | Swing Trade Beautiful pattern in Coal India, wonderful 20% Target
Reasons to Enter -
1. Taking Support at the Demand Area trendline
2. Made a beautiful double bottom pattern before upside move
3. Horizontal Demand area
4. Breakout of 200 EMA with good volume
5. Taking retest after breakout (Confirmation)
6. RSI above the MA line
Be ready for the blast
About Entry -> We can enter with half quantity today before market closes and add the remaining quantity tomorrow once the trade gets confirmed.
You can refer to my previous analysis which blasted the next day, check out!
Please hit the like button, this really motivates me to make more such analysis for you. Also hit the Follow button to get automatic updates about my trade ideas.
The Rich Trader
Rohit Sharma
MTech IIT Guwahati
UNIVPHOTO (Swing Trading Setup)Buy Above TrendLine ( Above 700 )
Chart Timeframe :- Hourly
SuperTrend Timeframe :- Hourly
SuperTrend Settings ( Length 10, Factor 3 )
Intial Stop-Loss Below SuperTrend & Trail Stop-Loss with SuperTrend
Exit When Hourly Candle Close Below Super Trend
Use Very Less Capital So that Even If Stop loss Hit your Emotions Doesn't hit you
Date :- 12-01-2022
10th Jan 2022 BANK NIFTY 41243 or 34446Technical Analysis
Bullish Target 39789 || 41243
Bearish Target 36050 || 34446
APLAPOLLOAPL APOLLO CMP 983
stock had formed cup and handle base pattern
today giving nice breakout
ALL LEVAL MENTIONED ON CHART
Hitesh k
acrysilacrysil cmp 883
recenlty in november stock did cup base breakout. and then again came back to retest of bo and consolidated
today as per price action + volume formation stock gave FTD ( follow through day ) on can have entry now with sl of 110 point from here aproximately
and can have aim for 1000-1010 range first target
Varroc Engineering - bullish entry Varroc Eng - positional study view
time frame holding :- 3 Qrtr
cmp : 315
support 260-250
FOREX NOT FALLING IN TRAP (EURO/USD)As we all know Forex is the largest and most popular financial market in the world, which means it is extremely liquid and frequently sees a daily turnover of trillions of dollars. But at the end in trading it's all a ZERO SUM GAME if someone makes money on one side then someone loses money on the other side.
So it's very important for us to be on the right path to survive in these markets and make money consistently which is also not an easy task. So the best-proven way one can stay profitable is to trade in the trends direction as we all might have heard before TREND IS OUR FRIEND.
So be on the bigger trend path and look for the correct trades. Here I am sharing an analysis on EURO/USD in which I have shown you the direction of the trend and given a plan how you can trade it and even if you want to go against the trend or might feel like the trend is reversing right now then where you should be looking the price to be and how you can trade it when the trend reverse. I have shared my analysis on charts go and watch it out.
Don't chase before the price wait for the price to come near your zones as earlier a wise man once said '' PLAN THE TRADE AND TRADE THE PLAN "
Hope you enjoy and learn something new from it👍
- Pranesh Sahoo
FOR MORE IDEAS PLEASE SUPPORT BY SHARING THE ANALYSIS AND DO FOLLOW AND LIKE. IF ANY DOUBT ARISES DO COMMENT DOWN BELOW I WOULD LOVE TO HELP YOU.
Buy_SHANTIGEARBuy Shanthi Gear at current market price for the sharp up-move.
Target - 68.3 (42% from the current level)
Strict Stop Loss - 154
TATA COFFEE - Near all time highHello all,
Day before yesterday I posted a chart of rise in prices of coffee futures (I have attached the link below). One direct beneficiary of that is TATA COFFEE.
The chart also speaks the same.
The Stock broke a multi year resistance point after a cup formation(A). Made a new high(B), gave a price correction and is now trading very close to ATH level (C).
A position can be made in this but the only problem is that the stop loss would have to be a bit deep (around 200) while the upside target is around 285.
If you wish to enter it, then size your position accordingly.
Do leave a comment if you have any doubt/suggestion/advice for me:)
Happy Trading!
Amar Raja Battery Inverse H&S patternAmar Raja Battery forms Inverse H&S pattern and also has trendline BO. There is major resistance at 769 (200 EMA) Now today it was reverted from this levels so It confirm the Inverse H&S pattern with return move.
It can long near 740 add more if come 724 for target 800-820 soon
Trend Line Inside the Uptrend Channel NSE:EMAMILTD
Trend lines can be drawn in between the trading channels, that's means a trend line inside the trend lines (channel). Market already break this inside resistance line, so we can easily take a long position using "Buy Stop" or "GTT" order. Because the stock or chart it self break the resistance line, so you can say this is a upside breakout inside that nested uptrend.
RELIANCE 1hr analysisRELIANCE has broken a trendline and got
rejected by the first resistance, now it has
reached it's trendline to retest, There's a possibility
that it will reach the resistance level in order to break it
2150 i.e- resist zone can be the first target
SHREE CEMENT 1hr analysisSHREE CEMENT has given a breakout
and now t is at a support level, we can consider it
as a retest, it's not necessary that it should touch
the trend in order to make new high's,
there's a high probability that it'll bounce back from here
"given markets are positive"
The first target should be 29500, we can hold it even further,
but have to have enough patience
Short term investment opportunity Here I am sharing weekly analysis of Sun Tv ltd. Buy from current levels and put stop loss below the trend line & trail stop loss with trend line. Expected target 850 in next 1 year. One can allocate 5% to 10% of trading/investing portfolio as per your risk profile.
ADVANI HOTELS--> Solid upside potential after breakoutThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
nifty possibilitiesnifty trading first time out of trendline , but chart stll dont show negativity
thus woukd stay withtrend for long play with small sl at 15700 for 16300
