Volatility
BANKNIFTY: At a Glance Weekly & Intra(23/04/18) FUT+ Weekly Spot...... Spot & Future Intraday, future Weekly Levels plotted & mentioned on chart.
Trade as per Specified level with description.
FUTURE Trader Should take position with Hedge strategy.
Disclaimer: Take this information as study/education purpose only.
If Useful Like & Share
For taking trade decision Consult with your Financial Advisor.
NIFTY: What's NEXT? Spot & FUT important Level Weekly Basis...... Spot & Future Intraday, Future Weekly Levels
Plotted & Mentioned on chart.
Weekly crucial "RESISTANCE LINE" near 10690.
Weekly crucial "SUPPORT Zone" : 10416 - 10438 .
Trade as per Specified level with description.
FUTURE Trader Should take position with Hedge strategy.
Disclosure: Take this information as study/education purpose only.
If Useful Like & Share
For taking trade decision Consult with your Financial Advisor.
Three Drives Pattern : ReversalThere is global bloodbath in the market and we have bad news everyday, so talking about a reversal in this scenario seems insane, however there is a nicely formed Three Drives Pattern and every low of the price is associated with higher MACD values clearly showing divergence. Would it be able to reverse the price only time can tell. It is easy and advisable to follow the trend instead of hunting for trend reversal. But a buy trade is possible only if market trades high of today in coming days. if that happens the low of today should be protecting SL. We can put initial RR ratio of 2 and see how it develops further.
Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.
BUY/Learn : Bollinger Bands Squeeze BreakoutBollinger Bands Squeeze is a powerful yet simple trade setup. One can identify the Squeeze when bandwidth is at around 6 months low. One can enter the trade when price starts trading out of the band. Mostly this setup rewards the trader nicely as one enter the trade early with small stop loss of one candle/Bar and ride the swing. The stock has given the breakout so one can trade it. Please note that sometimes stock gives a fake breakout just to shake the traders in that case one should reverse the trade and continue with that direction.
Wishing you all Profitable prosperous new year.
SRTRANSFIN day/swingNot actually a trade plan but some work arriving at these price points.
Only reference. Please do not trade.
Equifax (EFX} DailyIn September this year the credit monitoring company plunged nearly 10% witnessing a collossal 35% drop after it disclosed last Friday a massive data breach, which possibly impacted up to 143 million Americans. The stock's drop has wiped out about $6 billion of its market value in the process. The Equifax breach was not the largest ever, but it was notable for the kind of information that was put at risk.Post that the prices had reached oversold region and then the rebound happened over the past few days have started struggling near the 38.2% Fibonacci retracement of the sharp decline. After rebounding a minimum 1/3 the selling pressure has started emerging and the Bollinger Band has narrowed forming a squeeze leading to a possible decline in the coming days. Hence a short below 107 is a good trade to initiate.Once it emerges updates shall follow.
Profitability IndexDisplays the percent difference from a calculation of the outer Bollinger Band to the middle Bollinger Band, in addition to the Simple Moving Average of the Profitability Index itself.
Grants the trader the ability to quickly ascertain the instrument's profitability based on its current and recent percentage of movement.
Profitability IndexDisplays the percent difference from the outer Bollinger Band to the middle Bollinger Band, in addition to the Simple Moving Average of the Profitability Index itself.
Grants the trader the ability to quickly ascertain the instrument's profitability based on its current and recent percentage of movement.
Learn to Trade -- Bollinger BandsHi,
Squeeze and Expansion is one of the famous ways to trade BB. In the following steps I will try to explain how I trade it.
# Look for a stock in long term uptrend but currently in correction. The 'Long Term' depends on time horizon of trading. For positional trader it could be daily while for intraday traders it could be hourly. So selection of stock would depend upon the trading style.
# Once the stock is found, jump to a lower time frame. This time frame is 4-6 times lower than the longer time frame taken above.
1) Wait for a strong impulse wave, which usually signals the beginning of an uptrend. One may see divergence on any momentum indicator for confirming change in trend. Many traders miss this wave due to many doubts but that's OK. The impulse is the first indication that there will be follow through.
# Normally such huge moves are associated with very wide separation in BBs. The upper band is moving Northward while the lower Southward.
2) Finally at the end of impulse the lower BB starts bending Northwards, and correction begins. The extent of correction depends on buyer-seller equilibrium but I am interested in looking for price action below the 20MA BB line. For further confirmation I use 55 EMA, whenever possible, means action near and preferably below this EMA decides the trade.
# An A-B-C type correction is preferred.
3) Upto this stage strong squeeze in BB can be observed.
4) Then wait for the price to move back above the MA or/and EMA as shown in this example. Price may take support at MAs, however strong spikes below MAs may be followed by closing candles above MAs which show strength.
# These spikes are a great for placing Stop orders.
5) Entry would be triggered as the price progresses beyond the upper BB, preferably also breaking a range or trendline, confirmed by above average volume.
# Another important confirmation is BB expansion on this break.
6) Take profit at a previous resistance/swing high or a Fib. level.
7,8) One may find another buying opportunity as the price pulls back, preferably near MAs.
# Price action near MAs would be the key for entry, see example. Stop could be placed below swing low.
9) After this late entry, the target would be previous high or one may exit as per any other exit strategy.
Although all this looks bookish but it actually happened on this stock and I also published the same idea. After all whatever is written in books is learned from experience.
Filtering a stock to apply a strategy is the hardest part but you know, there is no easy money in trading business. So good luck.
Trade safe and respect every trading strategy.
Hit like if you think this information is useful.
Regards
Bravetotrade
Himadri Specialty Chemicals: Consolidation & BreakoutPrice has been coiling in a narrow range near a key resistance area. There was a breakout yesterday and follow through today. If we manage to close near the days high today (July 20, 2017) then it will strengthen the case for a breakout. Am long this stock. Keep this in watchlist.
HDFC triangle breakout pullbackThe stock has broken out of an upward sloping triangle with good volumes.
The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy.
The RSI's overbought signal indicates the same.
A very great stock, also considering the pressure on PSU banks, private banks like HDFC would do well.
Medium and long term trend is up. (50,100,200 MA's)
Target, let your profits run until you get a clear reversal signal.
NIFTY gartley/ harmonic pattern Lets see if a reversal signal is generated.
Nifty has filled the last two recent gaps, so I am expecting it to fill this one too if the pattern becomes valid.
BB has tightened up, a breakdown could add to confirmation. (Median 20 MA acting as support for now at 9602-9604.
Zee Entertainment: Volatility Drops, Price Ready for a SpikeThe stock has been consolidating in a tight range recently. Notice the convergence in the Bollinger Bands, suggesting a potential "squeeze". The price has also bounced off the lower line of the trend channel, which is another positive sign. This stock is in my watchlist.
5 Days EMA crossing 50 Days EMA with Bullish bollinger Band ExpaHDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts...
5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60....
80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95...
In monthly charts there is a 50 days EMA in the range of 90-95 which could act as a strong resistance so booking profit below the EMA would be good .....
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Nifty Option Strategy for Deep Consolidation PhaseMarket seems to be in deep consolidation mode after the Budget presentation. Although PCR(Put-Call Ratio) of 1.1 suggests that uptrend is intact but this consolidation may continue till the end of this series. As we know that the nature of Volatility is to expand and to shrink and after the recent heightened activity sluggish phase is quite natural. Under this market situation trading the Index for intraday could be less rewarding and even it will eat the option premiums fast.
Calendar spread works well under these circumstances. Possible Net Calendar Spread would be like this: Buying the Feb Call and selling the March Call of Nifty both of same strike i.e. 9000). One can continue till Nifty remains below 8950 and book losses if it crosses this level.