Currently the Complex Correction is going on so I am Looking to Go long at pull back levels for Next target
Its a Just an Efforts in Displaying how Ichimuko Cloud can help to understand the Next possible level of Reversal and avoid trading in Correction where the price action will be very nasty , Currently the price are in Cloud so its very difficult to make profitable trade most Ichimuko traders will stay away form this level and trade either the brake of above or...
Formation of Double Top. Positional View. Other Details Mentioned in Chart. I am not SEBI Registered Financial Advisor.
ARVIND LTD (Our Action) (Date: 24 Dec 2017): We will buy from CMP 453 to 443 with SL 437(Closing basis) TGT 504/524 (R/R=1/5 in best scenario)
looking for sell from blue box as shown above
Arvind has retraced to 78.6% and stocks usually reverse from here. Once can go short below 434 with SL 438 for T1 - 430 T2 - 425 T3 - 420
Arvind, to me looks good for cash buy. Stock might very well hit 500.
Strength candle prevents a short circuit CCI(W/M) >100 Retracing upwards
Arvind Channel trade Past Resistance @410 Long Position to be initiated @411 to ride the channel with SL of 402 Low of green candle body
The stock is retraced upto 78.6% and taking support at 61.8% level. Long above 400 SL 395 Target 412 The stock is consolidating in a range of 350 to 420 for 1 year. In long term crossing 420 will be big ultra move on the upside.
- Bearish harami candle formation after rally indicates exhaustion of buying - Stock has also reached Fibonacci 1.618 level from previous low. - Resistance Level 1 reached - Theta Decay advantage can be taken - One can short Resistance Level 2. - 430 CE available at 4.55 (lot qty 2000)
People go for costly indicators, softwares etc. But do you know there is a very simple way to analyse? We all can use it. As children we all learnt about drawing lines. And these simple lines are still helpful and more powerful in trading. You need to connect two points to draw trend line. It should not intercept other candles. Try and see how trend lines are...
The stock is finding resistance at 420 ( look at the long wicks) and next support is placed at 390. Once can short 420 CE = 6.85 X 2000 = 13700 390 PE = 1.90 x 2000 = 3800
Buy @404-406..... target 415,420,430 sl 393
Price action will complete rounding bottom at 423. And there is resistance at the level 423 - 428. After breaking the resistance if price is not forming handle, it will gain another 40 to 50 points.
The stock has formed a bearish Bat in hourly chart. One can wait for confirmation around 885 level and initiate a short position as per the trade set up in chart.