IREDA NEAR BREAK OUT OF VCPIREDA
Rally - Base - Rally price action
1.First Rally, then forming Base in the VCP pattern (Volatility contraction) & then again expected Rally after break out of the neck line.
2. Close above previous day High(170.4)
3. Close above last week High(169.7)
4. Close above last month High(163.7)
4. High increase in 1 month (+21.2%)
8. Promoter holding 75.00%
9. Pledged percentage 0.00 %
10. Change in Prom Hold 0.00%
11. FII holding 1.36%
12. Chg in FII Hold -0.52 %
13. DII holding 0.94 %
14. Chg in DII Hold -3.43 %
15. Stock PE 36.6
16. Industry PE 17.1
17. ROCE 9.35 %
18. ROE 17.3 %
For Educational Purpose Only
Volatility
USDMXN - Ready to Blast Again ? Last week, I took long position in UDMXN at 16.66000 & Closed at 16.92500
Closed that position in more that $5000 profit in just 2-3 days.
My long setup is formed again in USDMXN
Taking long positions here at CMP 16.67000
My SL would be 16.62000
Target I'm expecting is 17.00000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
GNFC Best Swing Idea! 🔥Greetings traders!📈 Today, I'm thrilled to present an intriguing setup on GNFC, showcasing a positional breakout scenario complemented by volume analysis. Here's a closer look at the setup:
📈 Setup: HORIZONTAL BREAKOUT SETUP
🔍 Analysis: Extensive analysis across various timeframes confirms the breakout potential.
📊 Indicator Support: Momentum indicators are providing robust backing to the bullish momentum.
📈 Keywords: Strong volume participation, comprehensive multi-timeframe analysis, bolstered by momentum indicators.
Stay tuned as GNFC gears up for potential bullish momentum! Remember to conduct your own analysis and deploy effective risk management techniques.
#GNFC #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
Syrma-A hidden bullish divergence hinting a reversal?Syrma is a very reputed Electronics manufacturing supplier which has shown good growth in past few years.
Technical analysis of chart shows bullish divergence near a strong support.
If the stock crosses 500, we can see quick move towards target mentioned. A supportive broader market can also help stock make new ATH.
Keep in watchlist.
FinNifty intraday levels for weekly expiry 19/03/24.Today the markets where volatile in the first half and has consolidating in the second.
Finnifty remained in a small range between 20610-680 after a good bullish candle aand closed almost flat on the daily charts.
For last three trading sessions, market has been forming doji and are highly volatile. It is hitting the Stop losses and moving the direction afterwards.
If there is a gap up opening above 20700, there will be a break out of the rejection levels and both the moving averages will also be cleared.
It has not giving any good trending move in last expiries and chance of a trend move in this expiry can be seen.
Major support levels :- 20600, 20470
The market is giving target or SL in a single candle and reversing after it.
On the upside it can face rejection as there is a downtrend formation on the hourly charts.
Resistance levels :- 20700, 20785, 20850
In case of a gap down opening, there will be confusion and trading in a volatile market will fetch losses.
Wait for the price action near the levels before entering the market.
Nifty 50: Supertrend Bullish SignalHello everyone,
The Pro Supertrend Calculator confirms a bullish trend for the Nifty 50, and here is the underlying analysis. When we observe a sequence of 35 consecutive periods above the Supertrend line, a robust signal emerges. Out of these 40 instances, prices were above the line 70 times and below only 39 times. It's not just a series of numbers; rather, it's a dynamic representation of the market's evolution.
Now, let's delve into the technical aspect without veering into informal terms. The Supertrend, in its calculation, relies on a meticulous analysis of trends and volatility, adjusting its trajectory based on market developments.
Currently, the Supertrend paints a bullish outlook for the Nasdaq with a confirmed probability of 63%. To clarify, it's not just a line on the chart; it's an intelligent guide amidst the trading tumult. As we navigate this bullish wave, may you find in the Supertrend a reliable ally, guiding us toward successful transactions and substantial profits.
To your success in trading and best wishes!
Dual Bollinger Band Jackpot Strategy.This is a strategy for Swing Traders who just want to capture the swing and don't want to hold the stock for months. This strategy requires 3 indicators:-
Bollinger band (20,2) and Bollinger band (20,1)
Volume
MACD
Trade Setup for Long:-
1] The candle which closes above UB 2, we will call it BREAKOUT CANDLE.
The BREAKOUT CANDLE should have following properties;
a) The volume of this candle should be greater than previous TWO CANDLE's volume.
b) MACD histogram and MACD line should be greater than zero.
2] There should be minimum TWO CANDLES just before the BREAKOUT CANDLE which closed
between UB 2 and BASIS. Those TWO CANDLES should consists of atleast one RED CANDLE.
And that RED CANDLE should not touch the BASIS.
TIMEFRAME:- DAILY CHART.
When all of the above requirements is fullfilled we can BUY above the high of BREAKOUT CANDLE.
STOPLOSS is 1 point below the low of BREAKOUT CANDLE.
TARGET is 2 times the STOPLOSS.
DISCLAMER:- this is for educational purposes only.
DON'T apply this startegy directly with real money. First do paper trade and see the results and analyse the profitability of this strategy.
SPX 500 analysis simiar to NASDAQ, it too needs ti sustain above 20 september highs to turn Bullish from curent bearish trend !
If one Observe carefully, they will find that despite the counter breaching 20 and 50 EMA levels, in last 3-4 cases, despite there was no NEGATIVE crossover like its seen recently
thats worrisome
PCJEWELLER: BB Squeeze Again!PCJEWELLER is again in narrow Bollinger Band squeeze which happens repeatedly with this stock (red arrows) and then it breaks out explosively up. RSI and volumes show nothing significant as of now. BB squeeze can lead to massive up or down break. Waiting if it will breakout again this time.
Axis Bank - Long - Live Analysis
Check the analysis of last three years of Axis Bank; based on Gann, Elliott Wave, Fibonacci and Wycoff Analysis. Only the picture can tell you he story for FUTURE, what happened in past is merely history.
Thank you. Happy to share. Please check my previous posts on Axis Bank. Providing you the links.
EURUSD 2h analysis long Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
GBPAUD SHORT Trade Idea: SELL
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4.5
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
VELJAN about to breakout soonVELJAN DENISON was undergoing VCP for a long time. Now looks ripe for breakout. Can give a good 20% move from here.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Many people have lost their savings, lifestyle due to excess greed. Do take this disclaimer seriously.
SANSERA forming a textbook VCPSansera Engineering forming a classic big base VCP pattern Looks good for a swing trade.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Many people have lost their savings, lifestyle due to excess greed. Do take this disclaimer seriously.
USK ready for a bumper move Udayshivakumar Infra formed a clean IPO base in VCP pattern. Looks like institutions are accumulating this scrip. I am expecting a move to 40 levels minimum from this scrip and another factor here is that the scrip belongs to Infra sector which in itself is showing good strength. I have entered the trade today at 30.75 my stop loss is set at 29.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Many people have lost their savings, lifestyle due to excess greed. Do take this disclaimer seriously.
EXIDE BREAKOUTExide looks strong on weekly chart by breaking falling trendline resistance with good volume jump and breaking Bollinger upper band too and gives a bullish closing on above both so that we can see coming bullishness in this counter.
Cause of long-:
1- Falling resistance breakout.
2- Bollinger bands breakout.
3- Volume breakout.
Welspun forming a cup & handle patternWelcorp has beautifully formed a cup and handle pattern in weekly time frame.
Currently, stock is trading at the neckline.
Be cautious in this stock as there can be multiple stoploss hunting before genuine breakout.
Targets can be minimum 100 points from CMP for positional and long term perspective.