Swing trade for tomorrow delhivery has recently trading in falling wedge pattern and breakout up side with rsi divergence
DELHIVERY trade ideas
DelhiveryThis stock has given good breakout on daily time frame along with positive divergence in RSI along with macd positive crossover.
Also possible Elliott wave counts are suggesting same bias, one can go long with strict stop loss of swing low of 289.90
Overall chart along with possible Elliot wave counts
macd positive
rsi breakout and rsi positive divergence
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Swing Trade Opportunity in DELHIVERYSwing Trade Opportunity in DELHIVERY
Entry: 600
Target - 705
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
DELHIVERY .....more fall expectdStock trading well below 50 and 20 EMA
Price almost at ATL ( all time low)
RSI below 40
Wait for reversal
Simple Price action swing tradetwo possible conditions.
if breakout then enters after the bullish candle or wait for the retest.
otherwise, we can short the stock.
Delhivery BreakdownDelhivery has been hammered by the market after the management guided for a muted quarter. Delhivery is a classical case of Growth stock without growth. Market has absolutely destroyed this stock now.
DELHIVERY- Short Term :Bulls Counter attackDELHIVERY- Short Term :Bulls Counter attack , up trend as long as it sustains above 550 on closing basis. Potential targets - 650
Delhivery looks ready to fire Delhivery is among the top transportation names and is a beneficiary of the whole sector seeing some investments coming in !
Delhivery - Looking good to reverse Delhivery - Looking good for upmove. 580 is crucial for the move. Once crosses , can move up further
Delivery - Long tradeIt was a beautiful ascending triangle breakout for delivery. Currently restesting it's resistance and huge rally can be seen in coming days...
Double bottom under construction as well
It may be a good trade for upcoming days..
All investment are subject to market risk. Just educational post
DELHIVERY Ichimoku Bullish Breakout Stock Name - Delhivery Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible once it's cross 683.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
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[Basket] Delhivery Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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