Caplin point Daily flag and pole B/OA bullish flag and pole b/o has been confirmed on daily chart of NSE:CAPLIPOINT . Here one can create a fresh position in the scrip. Buy@840 SL@800 TGT@880/920/960
The risk to reward ratio is 1:3
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
V-pattern
Good company ,Not a good time to add. Wait for SEP QUATER RESULTOk this analysis is my 4rth about LXCHEM from which i made a good return after its IPO DEBUT
Had got huge quantity at around 220 INR AND SOLD AT 500 ABOVE .
Now as I wanted to reenter the stock , so here's my analysis
1.As the company has been shut for close to a month during sep quarter , the results will get affected .
2.Last quarter results are also not par with June 2021 results and eps are down
3.Will make entry only after results are out and when price come down a bit.
4.The company has given notice about Aquitation , it may be a good news it may not be but cant risk as retail people get trapped in news .
Now for the technical part
1. The price has created a Rising wedge pattern , certain sell will come with even a good bottom breakout.
2. The stock can be added Buy on DIPS after this correction
3. 280-300 is the price range to start adding , with adding more on any DIP .
Diamond Bottom Pattern FormationDaily Chart analysis of MAHINDRA LOGISTICS
Mahindra Logistics stock price has reached a point of stabilization and is displaying indications of a potential reversal. Following a period of uncertainty or consolidation, the price has broken out in an upward direction, suggesting a shift in market sentiment. This pattern is known as the Diamond Bottom, which initially forms during a downtrend with a series of higher highs and lower lows.
Subsequently, the price range gradually narrows, accompanied by an upward trend in the lows. The breakthrough of the diamond's boundary lines confirms a substantial reversal, signaling the start of a new uptrend.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Keep Bajaj Electricals in Radar.Bajaj Electricals has been trading in a sideways pattern for the past 10 months, as shown in the chart. In May, it broke out of this pattern and started moving in a upward trend.
If we zoom in and look at a smaller time frame, we can see that another sideways pattern has formed within the larger pattern.
We have two options: we can wait for the price to break out in multiple time frames, or we can make a smart move by taking a trade when the price retests its support level around 1223.
We can consider waiting for the price to retrace and then take a trade, aiming for a potential gain of 7%. To manage risk, we can place a small stop loss. Why small Stop Loss ? Because trade have all the possibilities to fall further if it breaks it support and can come all the way to its Bigger support level.
If it breaks out in a multi time frame, I will update in trading hour.
HITECH PIPES LTD. is gearing up for Breakout.Stock is accumulating in Symmetrical Triangular pattern in a daily time frame. After consolidation period of 9 months stock has firmed strong upward move with good volume and more likely to break its resistance. If we see RSI, it's also indicating a big momentum is on the way. We will wait till its trend line is broken, if it does and sustains above the Line that would be a trigger.
BUY- 78.30
target- 88
Stoploss- 74.20
Caution
This is a SmallCap company, that makes it more volatile, So do respect StopLoss. You can add it to your Watch List to understand price further.
What do you think, do let me know in comment section.
Trade like a casino Operator (Risk Management) Trading Like a Casino
Introduction:
If you want to become a successful trader, it's essential to adopt a mindset similar to that of a casino. In this tutorial, we will explore how casinos operate and extract valuable principles that we can apply to our own trading. Two key components of a casino's success are having an edge and implementing effective risk management. By understanding and replicating these principles, we can increase our profitability in the long run.
How does a Casino operate?
- Casinos operate with an edge, meaning they have an advantage in every transaction.
- Understanding the concept of probability is crucial. Games like roulette demonstrate that the outcomes are not evenly split between options.
- Casinos calculate their edge by analyzing the probabilities of each outcome, which allows them to ensure profitability.
- Risk management is also a vital aspect of a casino's operation. They set maximum limits on bets to protect their downside.
Trade like a Casino
- As traders, we want to replicate the casino's success by incorporating the same principles into our trading.
- Our goal is to have an edge in every trade we take and implement effective risk management to protect our capital.
- By aligning these two components, we can create a profitable trading system.
Applying the principles to trading
- Trading is a probability game. Each trade has a probability of going up or down.
- To gain an edge, we need to identify the probability of our trades and establish our trading style.
- Having a high probability trade doesn't guarantee success, but it improves our chances.
- Risk management is crucial to protect our capital. We should only risk a small percentage of our account on each trade (e.g., 2%).
- Balancing our edge and risk management will help us become successful traders.
Backtesting and refining strategies
- Once we have identified our edge and established risk management, we need to test our strategies.
- Backtesting involves analyzing historical data to see if our strategies have been consistently profitable.
- By testing and refining our strategies, we can ensure they work in real market conditions.
- Continuous evaluation and improvement are necessary for long-term success.
Conclusion:
Trading like a casino involves having an edge and implementing risk management. By understanding and applying these principles, we can increase our profitability as traders. Remember to assess the probability of each trade, establish risk management rules, and test your strategies. Just like a casino, our goal is to create a consistently profitable system that ensures long-term success in trading.
Flag Pattern Breakout in L&T 📊 Script: Larsen & Toubro
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Breakout of Flag Pattern.
📈 Strong Bullish Candlestick Form on this timeframe.
📈It can give movement upto Breakout targets of 2525, 2565 and Final 2600+.
📈 Can Go Long in this stock by placing stop loss Below 2460 or last swing low.
JSWENERGYJSWENERGY:- Pole and flag pattern is formed or parallel channel can also be called, wait for breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Wedge
📌 Symbol/Asset: Nesco
🔍 Description: At support, if bounce back it can touch 350+ price.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: Hindustan Unilever
🔍 Description: FMCG Giant is moving in well-defined boundaries of a symmetrical triangle, a breakout may occur now or possibly after another leg.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Flag Channel
📌 Symbol/Asset: ELGI Equipments
🔍 Description: Two bullish patterns present in the momentum stock
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
APOLLOTYRE is looking good for a healthy returnAPOLLOTYRE got a pole flag breakout recently and it is having a good consolidation after breakout. It has a gap to fill at ~255 in daily chart which I think it would fill before going up again.
the target comes as ~422 in flag pole breakout target and the price has a resistance ~416, the selling pressure would be seen there.
It can also be a very good long term stock as the parallel channel top gives a huge return.