Rounding bottom & Cup with handle pattern go for the target 1315 i.e. 70% return
It also satisfied the box theory and clear target
ERIS trade ideas
ERIS
Wait 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..
ERIC LIFESCIENCE- ROUNDING BOTTOM PATTERNEris Lifesciences is forming a rounded bottom pattern.
Volumes have also increased indicating greater bullishness
One may keep a hawkeye and take positions for the following targets after the pattern is completed and neckline is broken.
ERIS - BullishLooks good to buy between 735-40 range
Accumulate more at lower levels if possible
Bullish till it holds 680
ERIS LIFESCIENCES - Darvas BoxRiding the breakout from the Darvas Box.
Hopefully it closes above 735 for a valid breakout,
Intraday Trade: watch for range breakoutbuy eris above 793 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
ERIS Lifescience_LongERIS Lifescience CMP 768 add on dips till 700..Upside 790/820/835+..Support 695
Possible breakout in Eris Lifesciences...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Target 1 (16%) achieved. Target 2 is ON...This is follow-up on Eris Lifesciences. Can check link to related ideas.
Target 1 achieved. More than 16%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
ERIS - Small capital deployed backtesting strategies ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺
✺✺ Target: 1000 Followers ✺✺
✺Strategy 1: Targets in the near term: 850
Although it has moved 9% today but still small qty is tradable here this is a really good pattern and the structure seems super bullish for the levels ahead :)
SL would be 9% and capital deployed should be minimal, could just be a small qty trade backtesting breakouts :)
✺IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
Pennant formation in Eris Life science Eris Life has formed bullish pennant formation which signifies the bull run above 720 with the sl of 690 for the target of 789.
Eris Lifesciences is a good short term betThe analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
Good time to consider ErisEris is on multiple support points, also daily momentum looks consistent. Good time to consider going long.
consolidation in channel Stock is looking highly explosive on the chart. positional traders can watch around 711- 685 with stop loss 680. on the upper side we are expecting 740/774 levels in the next 1.5 month
Expecting breakout within 4-5 DaysThis scrip is under consolidation and if it is over we can see some returns. So traders keep on your radar to catch the momentum.
ERIS ifesciences 1d timeframeEris has given a beautiful breakout and a perfect retest, the volumes look strong. I would definitely go long for a target of 800 plus.
Trade wisely.
disclaimer, this is just for educational purposes.
