IDEA, has new idea for 5-Wave targetive trade.I opined to be extended wave 3 and price retraces 38.2% from topping out wave 3. if it wouldn't be matter if price turn out upto 8.10 at 50% because, intention to long for wa ve 5th at 13.95.
Volatility
PVR long @750Has very good multi year support around 750. Look at the volumes when it traded at 750. Also there is a RSI positive divergence. 750 should act as very good support, I entered at 750, and Planning to add more at 612 if it goes to that limits. Very good bet I believe, should give 10-20 percent returns in no time
I know I am a bit late here in publishing the idea, But not late in grabbing the oppertunity
Short ITC below 195 (Targets 184, 176, 157)Price has met resistance at 193-195 levels with 2 sweet Spinning Tops.
100 Day SMA @ 195.50 is a potential resistance.
Square off if it closes above 195 on Daily. A tight stop loss but playing safe; open to fresh entries.
GLHF!
Nifty weekly analysis Please refer the chart for the upcoming weekly expiry of 7th may.
Strong reversal zone @ 10150-10250
Reversal zone @ 9960-10000
Minor support zone @ 9600-9700
Major support zone @ 9300-9400
Strong support zone @ 8900-9100
MGL (Intraday idea)Buy if it sustain above 973 for the targets of (985-990) / (995-1000)
Sell if it sustain below 964 for the targets of (955-960) / (940-947) / (928-934)
maruti multi frame levels and analysis fundamentals are no where good for this industry
I personally wont buy anthing just because its a deep iscount
wait for business to overcome
and do required shift for its growth
wait and watch as an investor
as a trader sell on rise
gold set up trend and imp zones gold TREND up , as long as 1640 positionally is on hold ..
its a buy on dip ositional with 1640 stop close
downide levels to watch max 1600 ( if 1640 breaks) while upside levels to watch is 1710
BANKNIFTY BEARISH - Price Action AnalysisWith the current Price Action analysis, I feel that the Banknifty will be bearish for this week. The sellers appear to back in dominance. Also, tomorrow we have the Banknifty weekly option expiry if we see it from option trading perspective. Expecting a good move tomorrow.
P. S. - Amateur Trader trying to put in some effort.
Change in the view I have changed my view from Long prospective to short , pattern is getting changed where i was expecting an bounce turn out to be an pause
Well we have to adopt change in the volatility as change in the perception
One can look for short sell set up , again i am requesting , Kindly enter with your methods of entry and exit , as few DM have come where to enter and exit
i cant give that information on real time basis
Good luck
Two Screen System (W and D) Trend, Momentum, Volatility, VolumeTwo Screen System (W and D) Trend, Momentum, Volatility, Volume
This system will help reduce the clutter and present a multidimensional view of price behaviour.
Not trading advice, I am still a learner and trying to build a system which works for me.
BankNifty Prices for weekly ExpiryBankNifty Prices for weekly Expiry. If SD1 is breached on either side go long/short accordingly, else it is range bound for the expiry
LUPIN trade setuplupin looks good and is set for another atleast a 5% run to the least in coming days
is in my buy on dip list with mentioned stop loss !
