Amazing swing trading idea for 18 December MarketsI daily make educational content videos for swing / positional trading
Trendtrading
INFY BREAKOUT ON Daily TF and Weekly TFInfosys (INFY) has been in a prolonged phase of consolidation, repeatedly testing a well-established resistance level over time. Despite multiple attempts, the stock consistently retracted from this level without delivering a decisive breakout. However, INFY has now closed convincingly above this resistance on both the Daily and Weekly time frames. This breakout suggests a strong potential for an imminent upside, supported by technical confirmation.
This setup presents a favorable risk-reward trade opportunity, with minimal risk due to the narrow stop-loss range. For investors with a long-term perspective, INFY also offers the possibility of substantial gains, even without relying on a stop-loss strategy. The breakout marks a critical juncture, highlighting its potential for sustained bullish momentum.
ICICIBANK LOOKING GOOD TO SOAR HIGHICICIBANK is currently trading at 1328.75, showcasing a strong breakout and successful retest at a critical level, where the previous resistance has now turned into support. The stock has consistently performed exceptionally well since its inception, supported by great fundamentals and a solid technical setup. With this bullish momentum, a significant rally could be on the horizon in the coming weeks. The levels and targets for both short-term and long-term trades are clearly defined and promising.
P.S. The long-term outlook extends until the end of next year.
This is a good trade Buy LINKUSDT this uptrend season +70% moreThis is how I bought a good position with LINKUSDT in spot without margin.
Following the Main Trend is UPTREND so that only BUY and only use Spot or FUTURE with x3-x5 margin.
My target for LINK this season is ATH
My plan for Following the trend with GRTUSDT : Spot and Futurex5This case is GRTUSDT
This is how I follow the Uptrend in trading crypto.
Entry times : 2
Maintrend: Uptrend in M15 M30 H1 H4 D1 timeframe
Use the Break following signals with the Cloud Trending System to make 1st Entry and 2nd Entry
My prediction for GRTUSDT will raise up to 2.8$ in this 2025
Deepak Fertilizer getting ready for a run upNSE:DEEPAKFERT
Started tracking it since it last broke 52-week high on Nov 6. It gave a good closing but because of the overall market correction couldn't get the follow up move.
Next attempt to break was made on Nov 12th. However, the traders past stuck on the high took it as exiting opportunity at breakeven.
Since then it has been going on like that. So as a result all weak hands are out.
Now as the range tightening and liquidity contracting, the setup is almost set to make it further move either side.
As you guys know I approach every trade as 'Risk-First'. Rather than hoping how much profit I can make, I first see how much I can lose in a setup.
So my risk is here just ~0.9% which is suitable for my trading style.
Expecting a blast in a day or two as market gets out of its indecisive mood.
Keep observing. Keep improving.
Bcz, in trading:
#Learning is the ultimate Earning 🎯📚
VPRPLVPRPL formed strong support near 288-90. Seems too promising for its new ride. Keep it on radar.
BOB - 1D TFNSE:BANKBARODA is trading near a demand zone. As Nifty is a downtrend in 1D TF, I'm waiting for a downside move. With any strong confirmation this stock could be traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
USOIL AT GOOD SUPPORT LEVELThis level of support is strong if we get any REVERSAL PATTERN here then we should go long till Resistance zone simply target is of last session high but if it breaks this level of support and closes below then we can see the low level of 69.100 or 68.700 , wait for the candlestick pattern formation to get good trade.
Gold Seems BullishXAUUSD is currently Resistance Level if it breaks this then we can see new all time high level, if it fails to do so we have to watch its price behaviour in minor support level.
Crude Oil Trading Idea for Monday Session (21-10-2024)Crude oil price is currently Strong Resistance zone and it seems it'll break this zone if it breaks the level then then we can see the surge to 71.200 level or more from the zone in todays session and change in trend with minor pullback but if it fails to breach this zone then we can see a short to 69.000 to 68.600 level and if this level doesn't sustain the momentum of price then we will see a new low level in upcoming session.
HDFC BANK seems to be on bull run on 17-10-2024price closed on last session is 1700.50 next minor resistance is 1708.20 if it breaks the level we can see the levels of atleast 1728-30 in todays session.
Crude Oil may go for uptrend on 17-102024Crude touched 69.650 in last trading session an now it seems to go for uptrend on todays session (17-10-2024) it may touch the level of 72 to 72.200 if it crosses 71.400 in todays session but for this first it have to break the level of 70.900 currently its hovering near to this level , lets see how it goes....
Gold Chart PatternGold opened gapdown this morning currently it's on point of swing ,may be it can pullback from here and we can see candlestick pattern from here but if it comes to support zone may be we can see upward momentum from there and we can easily make target for last high swing from there , but we've to carefully look for candlestick pattern from there to optimize our P/L.
Crude WTI currently on Support Zone Crude WTI currently on support zone and for the starting of session may be we can see pullback to resistance zone , it faces high rejection in last session and currently roaming on a zone of support , we can see a pull back to 74.800-900 range and if it breaks then it may goes to Resistance from here may be it can try to break resistance zone but if it lags in pullback and goes below support zone we can see the dip of atleast 2 to 3% easily before the closing.
Navigating the Bullish Surge: A Cautious Approach to InvestingThe Indian markets are experiencing an extraordinary rally, with major indices soaring to unprecedented heights. This surge is undoubtedly enticing for retail traders and investors eager to capitalize on the momentum. However, the pressing question remains: Are these elevated levels truly the right time to enter the market? Perhaps not.
To gain insight, we can turn to a diagram by Dr. Jean-Paul Rodrigue that illustrates the typical stages of a market bubble. When we overlay this framework onto the current landscape of Indian indices, it becomes apparent that we may be on the brink of significant market movement—potentially in the coming weeks.
History has shown us that markets can swing from euphoric bullishness to sharp corrections. Notable examples include the catastrophic crash of 2008 and the rapid declines during the COVID-19 pandemic in 2020. While we may not face declines as drastic as those events, it’s essential for retail traders to be proactive in safeguarding their investments.
One effective strategy to mitigate downside risk is to consider purchasing long dated put option. A put option provides the holder with the right to sell the underlying asset without the obligation to do so. This means that if the market experiences a downturn—whether in the immediate future or after a few weeks or months—the put option can yield significant profits during a substantial decline. On the flip side, if the market continues its upward trajectory, the put option will gradually lose value and may eventually become worthless as indices continue to set new records.
The key takeaway here is to keep your investment strategy straightforward and avoid unnecessary complexity. This is merely one of many strategies available for investors looking to protect their portfolios.
Final Thoughts: As we navigate these exciting yet unpredictable market conditions, it’s crucial to remain vigilant and informed. While the allure of all-time highs is compelling, prudent risk management is essential for long-term success in investing.
Disclaimer: All investments carry inherent market risks. This article is not a recommendation; please conduct your own analysis before making any trading or investment decisions.
BANK NIFTY Short term UpdateBank Nifty is looking in a impulsive structure CMP 53000 & holding 52900 it can move towards 55000 so risk reward is good for longs here as can be seen in this chart it has pulled back to reverse parallel channel & its 38.2% retracement of probable wave 3 rise this is very short term trade idea so will follow the tight SL.
RSI Bullish divergence with inside barAn inside bar in an uptrend
Rsi Bullish divergence
Low Risk reward ratio
Can enter for above mentioned trendline target
Stoploss is must
TILAKNAGAR INDUSTRIES- 3 MHTS BREAKOUT WILL IT SUSTAIN ?Tilaknagar Industries Ltd. is an interesting Breakout on weekly chart to keep in radar
1. RSI in all time frames above 60
2. Price rise with huge volume
3. Three months long consolidation breakout
4. ABCD pattern under formation on weekly chart
FUNDAMENTALLY
Company has reduced debt.
Company has delivered good profit growth of 23.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
will this breakout Sustain ?
or
Will it fizzle out and continue its consolidation ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ADANIGREENADANIGREEN
Resistance Line (Red):
The upper red dashed line is acting as a resistance line, where the price has previously struggled to break through (as indicated by the red arrows).
Support Line (Red):
The lower red dashed line is the support level, where the price has bounced back up (as indicated by the green arrows).
Possible Breakout Scenarios
Bullish Breakout (Scenario 1): If the price breaks above the resistance line, the stock could potentially move higher towards the next resistance level around ₹3,050, as indicated by the dashed blue line with label "1".
Bearish Breakdown (Scenario 2): If the price breaks below the support line, it could drop significantly, potentially moving towards the lower level around ₹400, as indicated by the dashed blue line with label "2".
Scenario 1: Bullish Breakout
Breakout Level: Around ₹2,000 to ₹2,050.
1First Target: ₹2,400 - This is the first level of resistance, where the stock previously faced selling pressure.
Second Target: ₹3,050 - The upper resistance level, marked as "High" on the chart. This could be a medium-term target if the bullish momentum continues.
Extended Target: ₹3,600 - If the momentum is strong and supported by increasing volume, the stock could potentially reach this level, which would be a measured move based on the height of the triangle pattern.
Scenario 2: Bearish Breakdown
Breakdown Level: Below ₹1,750.
First Target: ₹1,400 - This is a key support level from the previous swing low, and it might act as a buffer before further decline.
Second Target: ₹800 - This is a more substantial support level that aligns with previous significant lows in 2022.
Extended Target: ₹400 - This is the lower extreme marked by the chart, which could be reached in a severe bearish scenario, possibly driven by a market-wide correction or negative news specific to the company.
Stop-Loss Strategy:
Bullish Trade: Place a stop-loss just below the breakout point, around ₹1,750, to protect against a false breakout.
Bearish Trade: Place a stop-loss just above the breakdown point, around ₹2,050, to safeguard against a false breakdown.
for MORE check in my Tv-id " in.tradingview.com "
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
epro-bullswings dt02/09/24
PLASTIBLEN - A CONSOLIDATION BREAKOUT WILL IT SUSTAIN OR FIZZLE RSI on all time frames above 60
Price breakout with high volume
ABCD pattern under formation on weekly charts
Narrowing Bollinger Bands on weekly and daily charts
Price moving on upper Band
Major support 282- 308 zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
PRAKASH INDUSTRIES -A BREAKOUT : WILL IT SUSTAIN OR FIZZLE OUT ?Prakash Industries Ltd. is an interesting chart with following
1. Price Breakout from last 10 month's Consolidation
2. RSI on all time frames above 60
3. Narrowing Bollinger Bands with price walking on upper Bollinger Band
4. Price Rise with huge Volume bars
5. Major Support near 170- 192 zone
A stock to keep on Radar ; A breakout will it Sustain or fizzle out
CAUTION : RSI Negative Divergence visible on charts
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
CRAFTSMAN [cup&handle]CRAFTSMAN
The chart seems to display a cup and handle formation, which is a bullish continuation pattern. After forming the "cup" (rounded bottom), the price consolidates, forming the "handle." The breakout from the handle typically signals a continuation of the upward trend .
The price appears to have broken out above the resistance level that was part of the handle, indicating a potential start of a new upward movement.
The price has broken out of a consolidation pattern, indicating bullish momentum.
The first and second target levels ("1st TRG" and "2nd TRG") are plotted above the current price, suggesting expected future resistance levels where the price might take a pause or reverse.
1]1st Target (TRG): The first target seems to be near ₹6,700.
2]2nd Target (TRG): The second target is closer to ₹7,800.
The breakout point around ₹5,700 could now act as a support level. If the price pulls back, this level might provide buying interest.
The breakout appears to be accompanied by an increase in volume, which is a positive sign, confirming the strength of the move.
Retest of Breakout: Watch for a potential retest of the breakout level around ₹5,700. If the price successfully holds above this level, it would further confirm the bullish trend.
Risk Management: Consider placing stop-loss orders below the breakout level or near the handle's low to manage risk effectively.
Trend Strength: Continue monitoring the volume and price action as the price approaches the target levels. If the volume decreases, it may indicate weakening momentum.
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏🙏
