INDUSIND BANK - Potential BO coming up💲💲🌟 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 🌟💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Trianglebreak
SUN PHARMA TRIANGLE PATTERN :)Date: 20/06/2021.
PROS: 1. stock has a very good triangular pattern ,if it's breakout it will move further.
2. on 18th friday it forms a good bullish hammers represents buyers are in control.
3.the hammer forms at near 50 EMA and at support.
4. BUY SELL TARGET is your own trading style
CONS: 1.if its breakdown then it will move down more .
2. wait for the confirmation candle
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🔰 InfoEdge Analysis with Live trade and its review 💲Thanks for 500 Followers guys💲
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis and Real-time trades that I take too :) 💲💲
🔰MY entry: 4820 ( 1 L invested with a risk of 5% ), I believe in my system and follow the process thus risk-reward is based on the edge of my system. So that's invariant still just for the psychological purpose.
🔰I too am a learner and would love to learn with you all :)
🔰Well, this is a transparency series created by me, here I will take the trades and then post them, will also tell how much I invested in it and what are my targets, when I exited, what were my returns, or did the SL got hit. These trades are under the guidance of my mentor and as per my risk-reward ratio, This is no call just being transparent with you all :)
➼Don't blindly take the trade focus on the process first then step into the trade
➼Define your risk first then trade
➼If your setup of trading and mine matches then it's awesome we think the same :)
🔰 {Some info} - updated
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process
➼just from an educational point of view and no calls.
➼Guidance: The Madras Trader
<<<<<>>>>>
Power Grid - Triangle BreakoutPowergrid had taken a good breakout from the ascending triangle pattern, and now it's having a retracement, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Reliance - Wait for the levels 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
AMARAJABAT - Good long only in the unmessy areaI JUST LOVE WATCHING CHARTS DANCE THAT'S ALL :)
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
Symmetrical triangle (coils) (continuation pattern)
Prints when the market is indecisive. Price market higher lows & lower highs. It is the situation where supply and demand are near to equal. The trading range becomes smaller and smaller within the triangle. It represents a pause in the exhausting trend after which the original trend is resumed.
1) The minimum requirement for a triangle is four reversal points. Many have 6 point requirements but at least four points.
2) In a symmetrical triangle, we get apex where two converged trend line meets. Apex also works as a very important support & resistance. Sometimes a return move will occur back to the penetrated trend line after the breakout occurs.
3) Duration: A minimum duration of 3 weeks and it rarely exceeds 3 or 4 months long. (less than 3 weeks of duration likely to be a pennant formation, not a symmetrical triangle)
4) Volume: Narrow volume within the triangle. Very low before the breakout.
5) Breakout: Price closing below the lower rising trend line confirms the breakout or Price closing above the upper falling trend line confirms the breakout. The direction of the break in the pattern can only be confirmed after the break has happened. Either Up or Down.
6) Buy: Buy the Stock a day after Price closing above the upper falling Trend line.
Sell: Sell or short the stock day after Prices closing below the lower rising Trend line.
7)Target: – The technical price target is to measure the widest distance of the symmetrical triangle, Add the distance to the upper trend line breakout price for a buy target or Subtract the distance from a lower trend line breakout price for obtaining a covering price.
8) SL: usually, price closing above falling upper trend line is a Sell stop loss or price closing below rising bottom trend line is a buying stop loss. But very often, the gap between breakout price and trend lines is very wide.
Or
Stop: "Symmetric triangle" failures occur when price results in false breakouts. Stop below the first major "swing low" below the trend line for a long setup. Place a "stop" order above the first major swing high from the trend line for a short-setup.
9) Alert: To receive a valid signal, a closing price has to be above the resistance line or below the support line. The more the price moves to the very end of a triangle, the weaker will be the breakout in either direction.
10) Symmetrical triangle has two merging trend lines. For this formation, at least two peaks and two valleys are necessary. To reduce false breakouts, investors should wait until there are either three peaks and two valleys or three valleys and two peaks. With this approach, however, it is possible to completely miss a trend,
How to avoid fake outs?
1. 200 EMA confirmation
2. Use trail SL
#1 NAUKRI - Invested 1L in it lets see | Part-1💲Thanks for 500 Followers guys💲
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis and Real-time trades that I take too :) 💲💲
🔰MY entry: 4820 ( 1 L invested with a risk of 5% ), I believe in my system and follow the process thus risk-reward is based on the edge of my system. So that's invariant
🔰I too am a learner and would love to learn with you all :)
🔰Well, this is a transparency series created by me, here I will take the trades and then post them, will also tell how much I invested in it and what are my targets, when I exited, what were my returns, or did the SL got hit. These trades are under the guidance of my mentor and as per my risk-reward ratio, This is no call just being transparent with you all :)
➼Don't blindly take the trade focus on the process first then step into the trade
➼Define your risk first then trade
➼If your setup of trading and mine matches then it's awesome we think the same :)
🔰 {Some info} - updated
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process
➼just from an educational point of view and no calls.
➼Guidance: The Madras Trader
<<<<<>>>>>
GMDCLTD - BULL RUN
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
L_TFH - Long term view | WATCHLIST STOCK #1A Breakout from the upper trendline = a decent up move for weeks and months can be seen on an overall basis .
WATCHLIST STOCK
The pattern I see is a triangle pattern :) on week chart
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
Analysis done at 145 - Now at 165 | Trade reviewCharts speak more than my words now here : low risk setup ;; huge rewards :)
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>