Volumeanalysis
INFO EDGE quick profitINFO EDGE has been respecting the trendline since a long time and has always hit the lower channel followed by hitting the upper channel which gives an opportunity for a quick profit following past data and all done on above average volume.
Support of 50EMA and trednline provide enough confluence for a quick long side trade targeting around 4591.45
Tight stop loss right below 50EMA
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ONGC - Swing Trade for 33% returnPlease refer chart for detailed explanation and Targets.
Fundamental and Technical Analysis
Increase in volume on weekly chart.
Highest sales and profit so far.
Good dividend history.
Good price to buy is between 120 -130.
Fundamentals are strong so no need to worry even if price goes down.
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P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk.
UltraCement with the Ultra Trade After the previous post on Ultratech where the target was hit beautifully, it has given another break after having a TIGHT consolidation during
the formation of a triangle after support from the 200 EMA constantly.
Very High probability with a possibility of a Golden Cross coming in.
Target to Next High Of 7497
Stop loss inside triangle.
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VOLTASWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
BPCL respects trendBPCL has beautifully respected its uptrend after taking support from a long term trendline and 50EMA during the pullback after successfully
creating a head and shoulders as updated on my previous analysis of BPCL.
All of this done on above average volume
Traget at 346.75 which is the recent high
Stop Loss: Below 50EMA
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UPL respects its uptrend !UPL Has formed a beautiful double bottom pattern with its first support off the 200 EMA and second off the long term trendline.
UPL has given a double confluence
1. Rejection candle and respect of the long
term trendline
2. Golden Cross( Crossing of 50EMA and 200EMA)
A long position can be taken on break
of the resistance zone
Risk To Reward of 1:2 or a more riskier approach would be if trendline is broken.
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Info Edge high probability tradeBeautiful number of confluences have been shown by NAUKRI
1. Support of the 50EMA
2. Support of the trendline
3. Break of 200EMA
4. Very favourable and quick risk to reward ratio
All this was done on above average volume making a high probability for a long trade.
Target should be at the next level of confluence 4881.
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Adani Green blastoffAdani Green has given a beautiful pullback to its previous
1. resistance zone
2. double bottom neckline
3. trendline
A possibility of a long trade when the high of the most recent candle is broken on above average volume which breaks theresistance level, neckline and
push off from trend line.
Targets can be taken at T1 and T2
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Bharti Airtel Finally breakout Bharti Airtel is finally making a move, it approaches a long term resistance line on above average volume after forming a
beautiful double bottom on the long term support line and a long trade can be taken on break of this zone.
Stop loss below the recent king candle
Target near the High of the stock.
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TATA Steel gives another chance ??TATA STEEL gives another opportunity to missed traders with a beautiful low volume pullback to its breakout point.
The first breakout was given on high volume and stop loss has still not been hit. Stock gives traders another chance to enter
long with a good risk to reward of 1:2.
This pullback seems to be a normal one and no need for more selling to take place, wait for a bullish engulfing or the high of the recent red candle to be taken out for a long trade.
Note: More aggressive traders could try entering as soon as the market opens to get an even better entry price.
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SBI to Correct soon.SBIN moved one-way from 440 to 540, resting only once around 500
Now SBI is currently standing at resistance levels, after oneside move, a breakout trade on long side after such rally has the least probability of success.
Now as seen SBI clocked high volumes of the 440 to 540 leg at the highest level around 540, this shows supply is coming.
Even if SBI breaks out it won't offer much upmove, after around 20-22% upmove. hence will be avoiding new longs, those who already have positions form lower levels can part book positions and hold rest with trailing SL 510.
Going into results day where stock has rallied in a particular direction, expecting the momentum to continue has low Reward.
Hence a limited upside view on SBIN
Cup and handle breakout in FCL?Possible Classic Cup and handle breakout in Fineotex Chemical.
We can see how volumes have increased near the breakout candle
At present Stock has given a strong breakout with significantly good volume. For further strong up move, price has to close above 240.
All possible targets are marked on the chart. Maintain strict stop-loss at 203.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
NSE:FCL
Auropharma makes a Cup With Handle!Auropharm has formed a beautiful cup with handle and has given a breakout on above average volume.
Giving a valid shakedown by the handle as the volume dries up and a sudden break of th 50EMA and handle top shows bullish pressure for a long trade.
Target 1 being the 200EMA and T2 at 692 at the highs.
Stop loss near the minor swing low
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