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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..
NSE:BPCLLong
by Rvkachhadiya
1
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
NSE:COALINDIALong
by The_Rich_Trader_TRT
1
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.
Short
by PraneshTrades
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!
TLong
by Ankit_Oberoi
2
Jindal Stainless Hisar - Positional tradingThis is a positional trade idea where I have applied the principles of Stan Weinstein of price structure, volume, relative strength and 30 weekly moving average. This form of trading needs some patience and is suitable for those who may not have the time to watch charts each day. Sector Structure- The first step is to watch the sectoral index i.e. Nifty Metal index. This gives a bird's eye perspective of where the sector is structurally. Do not enter a trade if price is below 30 MA on Weekly chart or in a LH LL structure. Stock Structure- JSL Hisar is in Stage 2 structure with price above 30 weekly moving average and the latest weekly candle has broken prior resistance decisively with a strong body candle and volume expansion. It indicates strong demand. Pattern- A variation of cup and handle pattern can also be seen which represents volatality contraction. RS- Relative Strength (not RSI) is a measure of strength and performance of stock against the whole market or a particular index. In this case RS has outperformed the CNX Metal index. Risk- It is important to have a clear idea as capital protection is key in trading. It is also important to recognize that different traders have different risk appetite. Positional trades give the stock room to breathe and retracements can often be anything from 15 to 20%. Therefore, it is important to find the right entry price. Here, it is important to note that CNX Nifty 50 has been in a heady upmove since March 2020 and in the eventuality of retracement in the broader market i.e. CNX Nifty 50, all sectoral indices are likely to move lower. Nifty 50 is in a stage 3 structure and is ranging sideways for some weeks. Hence, to protect capital, my first stop loss will be the low of the Daily candle of 22 July where I will exit 50% and the second stop loss where I will exit the balance 50% will be the 50 Daily Moving Average on Daily chart- this is a slight variation that I have learn't from my guide. Entry strategy - 25% at the weekly candle of 19 July and adding on as price retraces. This gives better risk reward ratio. But important to remember the risk mitigation strategy. The idea in positional trading is to be with the trend till any of the risk factors mentioned above are violated. Disclaimer- I am not a certified investment advisor or a chartist. This is not a buy or sell recommendation. The purpose of sharing this post (my first one) is to learn from the community members and experts in the group.
JLong
by culturalDealer79974
1