Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 11th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
The price action of LTIM suggests that it is in consolidation for a couple of months.
the supply and demand are now in a 10-12% range.
the script had attempted fake-outs in the past as well which failed at trendline resistance areas.
LTIM needs to give a close above this level for any decisive move
Failure to close above 4800 makes it a strong resistance...
LTIM is in a making of Cup & Handle. If the market conditions remain stable, it is good bet for reward. This is just a case study of a chart formation. No buy/sell recommendation. Pl consult your Advisor before taking any position.
LTIM on Breakout and with good volume; above 4750 on Thursday 16th Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys...
After consolidation mind tree is ready to break out on upper side..
if break level 4600.. it will go up side..
keep add this stock in your watch list...
The stock has taken support on lower trendline and closed strong today. Buy above 4475 level (positional on day closing basis) for intraday 0.7-1% gains and positional 3-5% further upmove.
Learn & Earn,
Dr. Tanya Kumar
lti mindtree is near its support area and its below its support level of very long term we can see buying from this area marked and that will on very short term time ranging from 3-5 months.
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...
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...
![LTIM: [Positional] LTIM Bearish Flag Pattern - ReEntry](https://s3.tradingview.com/t/tNkhRlhr_mid.png "[Positional] LTIM Bearish Flag Pattern - ReEntry")
![LTIM: [Positional] LTIM Bearish Flag Pattern](https://s3.tradingview.com/b/blCKfwZE_mid.png "[Positional] LTIM Bearish Flag Pattern")
