The stock is getting ready for an upmoveThe stock had made a double top pattern and gave a breakdown of that 2 years back. For the last 1 years it has been consolidating in a range and now testing it's trendline. One can go long (on day closing basis) above 4915 level for positional targets of 5125 and 5400.
Once this stock gives a closing above 5400 we can expect much more upper targets in long term.
Learn & Earn,
Dr. Tanya Kumar
INDIAMART trade ideas
INDIAMARTNSE:INDIAMART
CHART PATTERN : TRIANGLE PATTERN BREAKOUT ABOVE 4700
STOCK ALSO MOVED ABOVE IT 200EMA(RESISTANCE)
Buy Above 4700
Targets 5300
SL 4370
Time Frame: 60Days
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.
INDIAMARTINDIAMART:- Ascending triangle formed, the stock tried to give a breakout but failed, we can see that the volumes are good, the stock will give a breakout again, keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
[Basket] India Mart Russian Doll PatternFor newbies -> Russian dolls jump high in circus. Thats why the name.
The name comes when there is nested cup and handle or nested head and shoulders pattern (or inverse of it) into each other.
In this IHNS (Inverted head and shoulder) we have everything.
Note -
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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inverted head and shoulderINDIAMART
Time frame- DAILY
*Short term - medium term
*Reason- RSI above 60. inverted head and shoulder
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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Indiamart - Positional SetupIndiamart is trading within a parallel channel for three months. Now it is at the bottom of the channel.
If reverses from here, can go to the levels of 4630/4730 or even more,
The entry area is as low as near 4350,
Exit the position if closes below 4430 for a couple of days. (Will go weak below these levels).
Or according to your risk management (Always Preferred).
Only for learning & sharing purposes, not any kind of trading advice.
Please share your views.
Best of luck.
BULLISH on INDIAMARTNSE:INDIAMART
The price has given a breakout from the channel pattern. The breakout is with good volume. The MACD is bullish and RSI is above 50 showing good momentum. The MACD and RSI also showing the divergence from he prices which implies that this correction is over and bottom has been made. The view is for 6 to 9 months. SL levels is around 4165.60 and the Target levels is around 5981.50
The price is still below 200 dma and can face resistance there so it is recommended to buy in a staggered way, some on the breakout and rest when price crosses the 200 dma.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
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Technical :- In this, Price made a symmetric triangle pattern in higher time frame and also made a bullish penant pattern in smaller time frame.
Entry :- 15min Time Frame triangle breakout retest
Stop loss :- ₹4580
Targets :- ₹5255,6875,7770,8800,9670,11390,13570,17390,19520 (Big targets are for the long term)
Inverse Head and Shoulder BreakoutToday I picked INDIAMART because, it broken trendline resistance on closing basis. The following factors are considered by me for picking this.
1. Huge Volumes at breakout.
2. Inverse head and Shoulder Pattern.
3. Continous Increasing of Volumes.
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please consider these for educational purposes