Symmetric again - Long/ Short only on break.Last time we have seen a symmetric triangle ( look into related ideas) and it breaks the trend line but it din't break our levels.
This time also formed a symmetric triangle and hopefully it will break with good volumes and breaks our levels. Long / Short, Enter only on breakouts
Trianglepattren
Trading an Inside Bar After a Triangle Breakout - ContinuationLong Above 236
Stop-loss 219
Target: 321
The Minimum Price target is 278. But that's not where we should exit. After an entry, hold the stock until the trialing stop-loss gets hit, or 1:5 RR is achieved. There are plenty of techniques and tools to trail the stop-loss. One can trail the stop according to his/her risk appetite. I'll update the idea about trailing stop-loss after an entry.
Apply money management, risk management, and position sizing before short term investing or trading in cash stocks.
Don't invest more than 5% of your capital in a single stock.
BAJAJ HOLDINGS LONG, AMAZING 200MA as Resistance LineYou can see, it is making a triangle and taking support from 200EMA while retesting.
Best Pattern.
On Monday today, with observation we can buy this
BUY BELOW 2800
SL: 2731 observation in 15 mins timeframe.
Target:
1st: 3150 (Risk to reward: 1:7)
2nd: 3280 (Risk to reward: 1:9)
I never trade with Risk to Reward ratio, less than 1:4
PEL LONGTriangle with a positive breakout, in a retest phase.
Buy position: Risky traders can buy on Monday, moderate risk-takers can wait for the last kiss.
In both cases, Target is 1800 , so it will give you a great opportunity even if you buy a Lil bit late.
TARGET 1800
SL: 1476
YOU CAN BUY WITH A GREAT RISK to REWARD RATIO 1:7
SHARE YOUR VIEWS in the COMMENTS!!!
CHEERS!
I never trade with a RISK to REWARD ratio less than 1:4
IDFC FIRST BANK LONGHere you can see a triangle has been formed, the rally after breakout has somewhat exhausted yet, the price is taking support from the 200MA which is a good sign for the stock to still go higher.
You can take a position if you want on Monday, @33.20, and Target for
1st Target: Between 36 to 37
2nd Target: Between 41 to 42
SL: Look for a right SL in a smaller time frame (Eg: 15 MIN) you can see a good SL @32.75
OVERALL Risk to REWARD Ratio: 1:5 for the first target,
1:8 for the second target.
Comment your VIEWS on THIS
Disclaimer: Just for Educational purposes. Not financial tips or advice.
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
Watchout ICICIBANKThe stock is currently in 375 range, which it has faced resistance many times in the past. If it crosses 380 zone with good amount of volume , we can consider long in this. Levels have been mentioned in the graph.
This is as per my analysis.
Happy Trading.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
TVS Motor will be a BUY only if (Stock for 7th July 2020)The RSI is also in the overbought (>70) zone and hence once it rechecks the marked level in the chart one can easily take a BUY call.
Target : 3%
Risk : 1%
Risk : Reward : 1:3.
Will keep updated here. Do follow to keep motivating you !
Also you can follow me on Quora (Jago Niveshak )where I will explain the whole setup and levels to BUY for two stocks for 7th July 2020
# 16 Long Whirlpool for a Target of 2700 and 2850.NSE:WHIRLPOOL
Reason Being:
1. Formation of Triangle pattern and Expected Upper Breakout.
2. Stock is Forming Higher High Pattern in Daily Time Frame
3. The stock has faced Resistance in the zone of 2125 - 2170 and has been tested multiple times.
Every Price Action Pattern after breakout provides some Target Range and according to Triangle:
Entry Price: Above 2200+
Target Price: 2700 and then 2850
View Negated Below: 2060 in Closing Basis.
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
A beautiful triangle patternAn diminishing triangle pattern has formed between the trend line (in orange) and the support line (again in orange) at 75.2.
75.2 is a strong support and has supported the scrip 4-5 times since 8th June. I am betting slightly higher on the breakout happening on the downside. The second wave has led to serious outflow of USD to other currencies (EUR, YEN, CNY).
Let's see what happens.