AMARA RAJA BATTERY SHORTSell Amara Raja battery around 800
Target price 775
Strictly positional basis target
Trade as per risk appetite
Happy Trading
W-m-pattern
ZUARI GLOBAL LONGBuy Zuari Global at 218
Target price of 249
Long build up seen is yesterday's session. I expect a big move from charts
Potential Consolidation BreakoutUnitech Ltd. is in a consolidation for a long time now. A triangle pattern called 'Descending Triangle Pattern' is forming on the 4 Hour time frame. Although, the text book definition of a 'Descending Triangle Pattern' is that the price usually break to the downside, however, that's not always the case.
Also, the RSI shows divergence + there is also an ongoing 'Flag Setup'. I will link my 'Flag Setup' idea below.
We'll wait for the breakout from the pattern and decide what our Target and Stop Loss should be.
Do tell me what you think.
Sincerely,
Dpk.Htkr
Bullish Wolfe Wave : BuyThe stock has nicely formed Wolfe Wave pattern and today's engulfing makes it a candidate for long. One can buy the stock for a target of 170 by providing a stop loss of low of today on closing basis.
Crude Oil Short Crude Oil looks like a shorting candidate as it is in a verge of forming Double Top on Daily Chart
Smiling Cat Pattern :D :D :DEverything is mentioned on charts.....
Link :
Note: Do your own analysis before investment....
Nifty : The Decider zone !i) Nifty getting out of this range decides the Game
ii) An upside break can be false one in all probabilities
iii) Downside breakout will gives a complete Ranging market
Apollo Hospitals : Getting High on Drugs !Apollo Hospitals can be traded two ways :
i) On Pullback Entry which is shown as above , its not active yet. Only if we get pullback it gets activated.
ii) Can be traded as breakout from triangle, but the problem is when you get aggressive with your entry Risk gets wider, so you need to move it up above 1265's zone
Let's see whether we can get high without drugs... !
Raymond : The Complete Man !Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above :
i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine.
ii) If you don't trade simple patterns, then you can consider this as simple pullback to retest 810's, so on Reversal confirmation go for long trades, if its in your plan
If you go for hourly timeframe, you can see more of ranging market in Raymond which awaits a breakout & the downside breakout : lets not play with it. So if only the upside bullish momentum is seen, we get long in Raymond.
Happy Trading !
Geojit Waving the FLAG towards higher highs Dear all
Bullisg Flag Pattern observed in Geojit (GEOJITFSL) Counter.. just sharing with you
Details are mentioned in the chart , if i am wrong please correct me and appreciable
Disclaimer: it purely my observation, Analysis and viewpoint ; Not a trade Recommendation
Ready for a breakout!!! { Must Watch }Everything is mentioned on charts...
Note: Do your own study before making any poistion...
DHFL : Housing Structure Collapsing ?Simple consolidation breakout, the breakout is on right now, once its confirmed , Check with your plan & take trade positions in DHFL
Note : If you have doubts on, if we reverse our trade on false breakout, why we need to take that unnecessary loss on one side ? Well, we have tried here in tradingview itself manytimes, that reversing on false break covers the loss & either makes us break even or gets us something ( A little is ok when there is nothing ).
IDEA - Potential Continuation Pattern It is been observed on the hourly chart that the price action is forming a continuation pattern after breaking downward channel pattern.
It shall be a good opportunity to take a part in it once it closes above 93 levels.
I shall update the targets later.
#Watchlist
Regards
Inverted Cup & Handle pattern on weekly chart Inverted Cup & Handle pattern on weekly chart , below 70.33 , EURINR may slid3 to 69.06 , 68.7
IBULHSGFIN completed shark and ready for reversalIBULHSGFIN in shark PRZ showing weakness and if its unable to close above 891 we can go for a dip in it.
CMP 864.5
SL 891
TGT1 779
TGT2 718
Risk-Reward Analysis
Entry 866.5
SL 891
Target 1 779
Target 2 719
Reward min 87.5
Reward max 147.5
risk 24.5
ROR1 3.6
ROR2 6
If you feel SL is big wait for the pullback in lower timeframe and can short it.
Disclaimer: All the views shared are for educational purpose and my self improvement purpose from other senior traders. if you find any scrip interesting plz do your own analysis or consult SEBI registered financial advisors before taking trading decision.
ZEEL Bearish ABCD Pattern It is been observed that the price action formed a bearish ABCD harmonic pattern on daily and hourly chart indicating further move down.
Target: 500
Stoploss: 520
NIFTY CYPHER Pattern can we see some correction ?NIFTY after the strong rally is finding hard near 50% of fibo swing and also near the PRZ of #CYPHER #HARMONIC pattern.
good ROR for short available.
SL 8475
Target1 8242/8107
