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UNITDSPR trade ideas

MCDOWELL_N bullish; above 1240 ? - Wednesday 5-June.The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
NSE:UNITDSPRLong
by JJ_Breakouts
MCDOWELL_NHELLO EVERYONE, You all can see the beautiful and clean chart of NSE:MCDOWELL_N on a Monthly Pivot-Point TimeFrame, where the following observations are crucial to note down and understand! -> Inside + Narrow CPR Setup depicts that the price movement for this month of April can be "Trending" which usually suggest a breakout or breakdown of a range-play formation near the Reversal Camarilla Levels (H3 and L3). -> Open of the month was above the monthly CPR but the close of the same candle went below to close below the CPR suggesting a weakness of trend and now the CPR will initially act as a resistance whenever the price retraces back towards the CPR. We would have saw further bearishness if the price would have taken down the Cam L3 level in the similar formation as discussed above. -> After a retrace from ML3 we see the rejection towards the Monthly CPR initially and then comes the breakout of the CPR with a fresh month high which now indicates the strength of responsive bulls coming into the script. -> After the breakout the phenomenon of "Pivot Swap" can be seen where the price after the breakout takes a dip towards PIVOT (M) and proceeds higher after that which depicts that the CPR which was initially acting as a resistance will now turn into support and proceed for Cam H3 Level and break of the MH3 will initiate the long trigger for the initial target of MH4 and and then MR2. This was a very basic understanding of how you can plan out your trade in case of Narrow or Inside CPR but as the term BASIC is mentioned in the statement it denotes that these setup are very volatile and have to superimposed with a range-play formation for smooth results. Will continue to update this as we proceed with the auction!
NSE:UNITDSPR
by PivotMinati
9
#MCDOWELL_N Support & Resistance / 29 Feb 2024Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss. The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide whether to buy or sell at or near the line based on six simple indicators + order book confirmations. If no trade is taken, the chart becomes invalid. I won't go into details about indicators because they are to be interpreted and change depending on the market. For example, an RSI of 40 means different things in a bull, bear, or choppy market. It's all about looking at things relatively; and each trader has their own setup, rules and approach to risk management. Check back after the market closes to see how things went. Sometimes, the price might not touch those lines for a day or more. You have to remain patient. Disclaimer: Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.
NSE:UNITDSPR
by QUANTECHNICAL